Not much had happened this month in my flipping journey, and then on the 28th I sold an item and two more today. I took some time off and hadn’t sold anything for the month. This was fine by me and knew it would all even out over time.
I had picked up an used skateboard for $8.11 on July 26th. I am going to try something different with the skateboard and show someone who has interest in this how to do some flips. He is younger and I will walk through what I’m doing with him to try and help him make some extra money. Learning what I have over the years is always nice to try and help someone understand this to be able to ramp up a side income.
When I sold the first item on the 28th I went out and got a duvet cover set by William Morris that was on clearance for $42.22. I am very aggressively priced on this item, by being $10 under the closest competitor. With me buying it off the discount rake I feel a quick flip on this one will work out well for me. I should make over $20 on this flip, and it took me 5 minutes in the store to find it. This is a good win for me and I know this type of flip will work to continue to ramp up into a consistent profit amount at least over $10 an item.
I sold the Nike Lebron XII Shoe for $52.50 on the 28th and made $19.11 in profit after shipping it out. This is a 70% profit on the shoe in just over two months. Good flip overall, and I learned having the box for shoes is probably very important in reselling them. I am not getting many views on the other shoes I’ve bought at this point and they don’t have boxes. This is why I experiment with different items to keep this interesting for me and learn more.
Today I sold the tealight and the candle holder to the same buyer. I paid $2.37 for the tealight and sold it for $9.00 and made $8.00 of profit on it. I paid $3.78 for the candle holder and sold it for $10 and made $7.16 of profit on it. I was able to make a higher amount of profit on these two items, because I shipped them together. I refunded five dollars of the shipping to the buyer and still did well on both of these. I’ll look to get one item with the amount I made and had into these items moving forward.
I have 34 items in my inventory and need to reinvest $38.82 to be fully invested. I’m going to try and find one item to buy with this amount and make at least $20 on it. My plan is to get to this level overall as my inventory grows to $1000. I am very close to being at $500 in my change flip jar journey. I keep proving to myself over and over again this is something which is easy to do if you think about what you are buying and remain patient.
Current Inventory
| Item | Cost | Date Purchased | Sold | Profit |
| NFL Puzzle | $3.45 | 6/27/22 | ||
| 3 Hole Punch | $1.18 | 6/29/22 | ||
| Serving Dish and Bowl | $9.29 | 7/20/22 | ||
| *Star Wars Puzzle | $2.37 | 7/25/22 | ||
| Star Wars Puzzle | $1.18 | 8/31/22 | ||
| *2 Coca Cola Puzzles | $6.91 | 9/13/22 | ||
| *Stapler and Stapler remover | $.54 | 9/26/22 | ||
| *Floral Plate | $2.71 | 9/26/22 | ||
| *Old Spice Cologne bottle | $3.25 | 9/26/22 | ||
| *Wood block set- kid’s toy | $2.17 | 9/26/22 | ||
| *Japanese Stein 1 | $4.33 | 9/26/22 | ||
| *Satellite Puzzle | $2.37 | 11/28/22 | ||
| *Tealight | $2.37 | 11/30/22 | 7/31/23 | $8.00 |
| *Board Game | $3.78 | 1/4/23 | ||
| *Painter’s puzzle | $3.78 | 1/30/23 | ||
| *Logitech Ergonomic Mouse 1 | $10.27 | 2/9/23 | ||
| *Antique? vase | $8.11 | 2/21/23 | ||
| *Teapot | $5.94 | 3/3/23 | ||
| *Antique Plates | $7.56 | 3/19/23 | ||
| *Marriage book/game | $8.11 | 3/24/23 | ||
| *Rollerblades | $16.77 | 4/1/23 | ||
| *Granite Cutting Blades (5) | $40.54 | 4/4/23 | ||
| *TI BA II Plus calculator | $5.94 | 4/5/23 | ||
| *Crystal bowl | $5.94 | 4/10/23 | ||
| *Perfume bottle | $8.11 | 4/10/23 | ||
| *Traumlicht candle holder | $3.78 | 4/10/23 | 7/31/23 | $7.16 |
| *Pair of Shoes | $37.86 | 5/4/23 | ||
| *Casserole dish | $8.11 | 5/17/23 | ||
| *Nike Lebron XII Shoe | $27.15 | 5/22/23 | 7/28/23 | $19.11 |
| *Nike Air Jordan V.5 Canvas | $27.11 | 5/22/23 | ||
| * Air Jordan Flight Remix Wolf Grey | $42.50 | 5/24/23 | ||
| *Rae Dunn King Sheet Set | $21.61 | 6/14/23 | ||
| *Dyson Vacuum | $20.02 | 6/20/23 | ||
| *Coffee Cup- Floral | $2.70 | 6/20/23 | ||
| *White Sheet Twin Set | $37.88 | 6/21/23 | ||
| *Twin Duvet Set | $25.98 | 6/21/23 | ||
| *Skateboard | $8.11 | 7/26/23 | ||
| *William Morris Duvet Set | $42.22 | 7/28/23 | ||
| Underinvested | $38.82 | |||
| Total inventory amount | $477.51 |