I made $268.07 in profit since my last update in August. I sold thirteen items during this period of time and liquidated five items through pawn shops close to me. I made $314.43 on the 13 items I sold, and lost a total of $46.36 on the five items I sold to the pawn shops.
Again, my biggest winners for the month were electronics. The biggest winner was a Bose Wave System III I found at Goodwill, which cost me $52.91. I ended up making $134.30 of profit off of it after shipping to the customer. This is the second time I’ve found a Bose at Goodwill, and this time the one I picked up was working properly. This is a great flip, and only took ten days to sell. The second biggest winner was another computer where I paid $200 and ended up making $71.45 in profit. I will keep an eye for these things, and they will come randomly too me when I got out looking for items to flip.
I decided to liquidate five items to the pawn shop, because I had three of them listed for over a year with no luck. I feel sometimes it is just time to move on from items and get the money moving again if it stagnants too long. I had $111.36 into the items I sold and got $65 out of them. I’ll use the $65 to find other items to flip and should be able to make $46.36 in profit to be back to where I was.
New Area
I used to sell a lot of books online for a long time. I’ve purposely tried to stay away from buying lots of books because while the profit margin is very high the overall profit amount is realitively low in comparison to what I would like to be able to achieve. However, I know based on all the years and months I sold books I was definitely going to be profitable for a low amount invested in them every single month.
With that thought in mind I have written about selling tshirts before and what could be possible. I’ve kept thinking about this and have been looking at what other sellers are able to do in the clothing niche and made a decision to ramp up with clothing. I am working on learning about brands I need to buy, and sell through rates of of brands.
So far I have been listing at least one clothing item a day since August 8th. If I keep this up for a year I believe I will have an inventory I should turn over a little bit more than once a year. I’m trying to set my profit point to average $15 – $20 an item, but I don’t know if the high end will be possible. I will want to average selling one item a day. If I am able to do this I will earn $5475 – $7300 a year off of one item a day. This would be a consistent amount I’m happy to take from the $36.38 I started with. It would also give me the opportunity to grow much bigger if I wanted to. This is my plan for now, because I will learn more and be able to be more consistent without having to find one off items each time to sell. This should keep my hours low in the adventure, while keeping the return good.
Current Inventory
| Item | Cost | Date Purchased | Sold | Profit |
| Serving Dish and Bowl | $9.29 | 7/20/22 | ||
| *2 Coca Cola Puzzles | $6.91 | 9/13/22 | ||
| *Floral Plate | $2.71 | 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 | ||
| *Antique? vase | $8.11 | 2/21/23 | ||
| *Antique Plates | $7.56 | 3/19/23 | ||
| *Rollerblades (Pawn shop sold) | $16.77 | 4/1/23 | 8/29/24 | -$1.77 |
| *Granite Cutting Blades (4) | $32.43 | 4/4/23 | ||
| *Crystal bowl | $5.94 | 4/10/23 | ||
| *Nike Air Jordan V.5 Canvas (Pawn shop sold) | $27.11 | 5/22/23 | 8/29/24 | -$22.11 |
| * Air Jordan Flight Remix Wolf Grey (Pawn shop sold) | $42.50 | 5/24/23 | 8/29/24 | -$22.50 |
| *Coffee Cup- Floral | $2.70 | 6/20/23 | ||
| *Skateboard | $8.11 | 7/26/23 | ||
| *Accounting Book | $6.27 | 9/6/23 | ||
| *William Morris Queen Duvet | $54.11 | 12/13/23 | ||
| *Peter Reed Reina Blue King Duvet | $42.22 | 1/3/24 | ||
| *Peter Reed Reina Blue King Duvet | $42.22 | 1/10/24 | ||
| *Hobart Cutting Tips | $6.78 | 2/2/24 | ||
| *RNs DVD | $1.08 | 3/1/24 | ||
| *Adidas Nastate Size 13 (Pawn shop sold) | $16.77 | 3/2/24 | 8/29/24 | -$1.77 |
| *Comics (21) | $1.07 | 3/5/24 | ||
| *Utawareumono DVD | $1.08 | 3/6/24 | ||
| *Craftsman Brad Nailer | $43.30 | 3/6/24 | -$8.59 | |
| *Pole Saw | $35.72 | 3/19/24 | 8/14/24 | $30.24 |
| *2 garage sale tshirts | $2.00 | 3/30/24 | ||
| *April 2024 items | $27.66 | |||
| *May 2024 | $255.98 | |||
| *June 2024 | $35.12 | |||
| *July 2024 | $173.91 | |||
| *August 2024 | $244.97 | |||
| *September 2024 | $63.24 | |||
| Charles Wysocki Coffee Cup | $1.18 | 4/12/24 | 8/9/24 | $10.04 |
| Courduroy Brown Shirt | $8.02 | 8/6/24 | 8/12/24 | $35.36 |
| 2 Corkcicle | $7.56 | 6/13/24 | 8/18/24 | $6.27 |
| 1 Garage Sale shirt | $1.85 | 6/14/24 | 8/18/24 | $3.05 |
| 3 Camera lens lot | $2.17 | 6/19/24 | 8/22/24 | $5.34 |
| 1 Shirt Damaged | $8.45 | 8/18/24 | 8/22/24 | -$8.45 |
| Laptop | $200.00 | 7/10/24 | 8/22/24 | $71.45 |
| PS4 | $108.25 | 5/15/24 | 8/24/24 | $11.75 |
| Star Wars Shirt | $8.01 | 8/6/24 | 8/26/24 | $4.93 |
| Radio Shack (Pawn shop sold) | $8.22 | 8/12/24 | 8/29/24 | $1.78 |
| Brooks Brothers Shirt | $7.56 | 6/13/24 | 9/3/24 | $1.45 |
| Broken Multimeter | $1.38 | 8/28/24 | 9/3/24 | -$1.38 |
| Bose Wave System III | $52.91 | 8/24/24 | 9/4/24 | $134.30 |
| Peter Millar Dress Shirt | $8.44 | 8/18/24 | 9/5/24 | $9.70 |
| Stocks | ||||
| Verizon, Altria, British American, Future Fuel | $795.77 | Various | $136.69 | |
| Underinvested | $956.89 | |||
| Total inventory amount | $2793.77 |