I have sold two items and bought three items since my last update.
I sold the TI BA II plus for $9.99 and made $2.98 profit off it clearing 50% profit margin on what I paid. The lower amount flips offer a lower level of risk for me, but the profit amount of them is less desirable the higher amount I have to invest currently. The reason for this continues to be the amount of time involved with a smaller item is the same as a larger item to find and ship. I am focused on trying to get my profit amount higher on a per item basis as the less expensive items in my inventory sale off.
I could take a different path and stick around a max price point of $10 and scale up very well. I would end up with hundreds of items at a certain point though and would need a storage space to run these. This strategy would be limiting the amount I could make per hour, and would also turn into a dedicated side hustle. This is not what I’m looking to do with this currently.
The second item I sold was the Halloween Queen Sheet Set. I sold it for $39.95, which included me paying shipping. I made $3.37 profit on this item, and I lowered the price, because the probability of selling it past Halloween goes down a lot. This was lower than what I expected when I bought the product, but I will always be happy with making money on any flip.
I bought two copies of an Accounting book off of Amazon in an arbitrage situation which were selling for much less than the others online. I paid $5.54 for one copy and $6.27 for the other copy. The remainder of those selling online are going for around $25 used and $100 new. I’ve relisted the copies I’ve bought for $25, and with the sales rank of them there should be 5-10 copies sold a year. I am using the same marketplace I bought the book on to resell it. This is not a typical way I would do a flip, but it is a viable method to find items.
The last item I bought is a set of Brooks Brothers Sheets I found on a clearance rack, and I paid $12.99 for them. Buying at the price point I did puts me at a very low risk level overall for this item. Clearance racks are a great way to reduce my risk, and offer me the opportunity for a good upside. If this set were to sell where I currently have it priced I could make around $20. I’m looking to make this amount on an item if I go out and source it at this point in my flipping journey. Keeping profit amounter per item at $20 keeps my per hour rate high.
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 | ||
| *Board Game | $3.78 | 1/4/23 | ||
| *Painter’s puzzle | $3.78 | 1/30/23 | ||
| *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 | 8/31/23 | $2.98 |
| *Crystal bowl | $5.94 | 4/10/23 | ||
| *Perfume bottle | $8.11 | 4/10/23 | ||
| *Pair of Shoes | $37.86 | 5/4/23 | ||
| *Casserole dish | $8.11 | 5/17/23 | ||
| *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 | ||
| *Twin Duvet Set | $25.98 | 6/21/23 | ||
| *Skateboard | $8.11 | 7/26/23 | ||
| *Halloween Queen Sheet Set | $21.64 | 8/2/23 | 9/5/23 | $3.37 |
| *Queen Sheet Set Brown and White Plaid | $64.94 | 8/23/23 | ||
| *Queen Sheet Set Brown and White Plaid | $64.94 | 8/23/23 | ||
| *Technics Tape Player | $22.29 | 8/23/23 | ||
| *Accounting Book | $5.54 | 9/6/23 | ||
| *Accounting Book | $6.27 | 9/6/23 | ||
| *Brooks Brothers Sheet Set | $12.99 | 9/8/23 | ||
| Underinvested | $8.68 | |||
| Total inventory amount | $528.04 |