I am continuing to build up on the clothing area since my last update. I have bought over 150 items since my last update which is almost as many items as I had sold in my entire change jar flip to date. This means I will be selling lots of items moving forward over the next 12 months based on the work which is going into the build up.

This also means something else. I am learning a bunch of lessons on clothing. I was not doing a good job of inspecting what I was buying at the beginning and have had to throw away eight pieces of clothing because they had stains or rips which I missed when I bought them. My remedy for this is to slow down and double check everything before I go to buy it. The other thing I am learning about is brands which will sell well in a reasonable time frame. This is allowing me to be able to scout out products much faster than I was before. This is important for me, because I don’t want to be spending a crazy amount of time doing this.

I am not picking up only clothing as I build up on the number of items I will have. I have been picking up coffee mugs and other items like sheets and some books. I am trying to maintain an average profit of $15 per item. The coffee mugs are very low priced at around $1 each and I have been making a decent return on them too. The books I am picking up either have one or both of the following factors of being able to sell quickly or sell for a very profit amount, and a low cost.

Sales

I sold 29 items for a total profit amount of $150.39 on a total cost of $368.82. The profit is going to be lower while I work out what I am learning to not make as many mistakes. I also tried to get the Nailer fixed I had bought in March 2024, but took a large loss of $51.49. This is the largest loss I’ve experience since I’ve started, but I know it was a realistic risk to take. Just keep on moving forward. As well, I have the cost for the eight items I had to throw away because I didn’t notice they were messed up which costs me $38.98. If I take out the mistakes and the Nailer the profit would have been $240.86 on a cost of $278.35. These numbers will be closer to what I may experience moving forward, but the profit number will go up as I learn to pick out better items to get to the average I want.

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
*Granite Cutting Blades (4)	$32.43	4/4/23
*Crystal bowl	$5.94	4/10/23
*Coffee Cup- Floral	$2.70	6/20/23
*Skateboard	$8.11	7/26/23
*Accounting Book	$6.27	9/6/23	9/11/24	$8.24
*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
*Utawareumono DVD	$1.08	3/6/24
*Craftsman Brad Nailer	$43.30	3/6/24	09/09/24	-$51.49
*1 garage sale tshirts	$1.00	3/30/24
1 Garage Sale tshirt	$1.00	3/30/24	9/19/24	$1.07
*April 2024 items	$27.66
*May 2024	$255.98
*June 2024	$20.79
*August 2024	$213.57
*September 2024	$384.16
*October 2024	$471.91
Wallace & Barnes J Crew Cotton Chambray Style Button Dwon Shirt	$6.59	8/12/24	9/8/24	$14.46
Wayne’s World Hat Black	$1.86	6/14/24	9/12/24	$1.11
Time Changer Blu Ray	$.71	7/23/24	9/12/24	$3.44
Blue Brooks Brothers Medium Slim Fit Shirt	$1.37	8/28/24	9/16/24	-$7.09
Psycho Bunny Dress Shirt 2 XL Large Single Needle Light blue Logo Button Up Peru	$17.31	9/5/24	9/16/24	$7.15
Starbucks Cups	$2.36	8/19/24	9/18/24	$20.13
Strike it rich book	$2.15	9/5/24	9/21/24	$5.38
Beavis & butthead DVD	Free	9/23/24	9/24/24	$5.23
Goosebumps tshirt	$3.24	9/12/24	9/26/24	$5.96
Carhartt Tshirt	$5.40	9/12/24	9/28/24	$1.44
Tommy Bahama Black Shirt	$7.29	9/3/24	9/4/24	$10.40
Ralph Lauren Green	$8.02	8/6/24	10/2/24	$10.01
Nikon Camera	$173.20	7/25/24	10/2/24	$30.80
9 more shirts	$40.11	Various	10/3-10/21	$116.90
2 Coffee Cups	$2.36	Various	10/3, 10/14	$8.24
Stocks
Verizon, Altria, British American, Future Fuel	$800.37	Various		$115.78
Underinvested	$532.46
Total inventory amount	$2901.35

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

Since my last update at the end of two years I’ve sold thirteen more items. I picked a good amount of items at some pawn shops since the last update and sold a good bit of them. They were mostly electronics items I thought could be sold quickly. I am sticking with larger priced items at this point to keep my hourly rate very high.

Sells since last update

I sold three Oculus, Craftsman Weedeater, Ipod Nano 7th generation, Wii Game, Ralph Lauren Sheet Set, Nikon Camera, Luchesse Shirt, PS5 Video Game, Bucee’s Yukon Canister, Comic Books, and a large Video Game Bundle. Oculus have been a great boom to my overall profitability. Total Revenue on these items was $1,149.75 which included shipping. The total profit on these items were $428.34. This is 37.3% on this is above where I would expect to be over the long term. I would expect to be around 25% on revenue over the long term. I spent $534.69 on these items which is an 80% profit on cost, oh yeah. This is also much above my expectation now, because I have moved into higher price per item. When I was at a lower price point I could easily make multiples over cost, but that isn’t going to happen moving forward.

Buys since last update

I bought a lot of electronics on June 19th and a bunch of the things I sold this month were from this buy. I had one major purchase for an ASUS gaming laptop on June 14th for $230 I have not sold yet. This computer could make me $100 in profit after I sell it hopefully, and took me 5 minutes to buy on the way to an appointment. Fingers crossed I get what I think I can out of it.

Dividend Altria and Stock Buy

I also received a dividend for Altria today which was reinvested. I got paid $.98 and it bought me .021 more shares of Altria which puts me at 1.021 shares of Altria. This will pay me $4.00 a year now on my Altria initial investment of $41.92. The yield on my initial stands at 9.54%.

I bought $118.08 of Future Fuel stock, which translates to 24 shares. This company has a very high Return on Capital averaged over the past five years of earnings. I am comfortable owning a company like this over the long term based on what it has done and the stock price I am paying based on earnings and the Return on Capital it is able to achieve. Future Fuel currently pays a quarterly dividend of $.06.

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	$16.77	4/1/23
*Granite Cutting Blades (4)	$32.43	4/4/23
*Crystal bowl	$5.94	4/10/23
*Perfume bottle	$8.11	4/10/23
*Nike Air Jordan V.5 Canvas	$27.11	5/22/23
* Air Jordan Flight Remix Wolf Grey	$42.50	5/24/23
*Coffee Cup- Floral	$2.70	6/20/23
*Twin Duvet Set	$25.98	6/21/23
*Skateboard	$8.11	7/26/23
*Queen Sheet Set Brown and White Plaid	$64.94	8/23/23	6/21/24	-$3.28
*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	$16.77	3/2/24
*Comics (21)	$20.36	3/5/24
Comics	$1.07	3/5/24	7/8/24	$8.85
*Utawareumono DVD	$1.08	3/6/24
*Craftsman Brad Nailer	$43.30	3/6/24		-$8.59
*Pole Saw	$35.72	3/19/24
*Principles Book	$3.24	3/20/24
*4 garage sale tshirts	$4.00	3/30/24
*April 2024 items	$28.84
*May 2024	$364.23
*June 2024	$358.90
3 Oculus	$144.95	Various	Various	$115.98
Craftsman Weedeater	$8.22	4/29/24	6/14/24	$6.78
Ipod Nano 7th Gen	$20.57	6/19/24	6/21/24	$34.32
Sims Kingdom Wii	$4.32	6/1/24	6/21/24	-$.22
Nikon D3400	$199.18	5/22/24	6/21/24	$152.00
Luchesse Shirt	$9.73	6/1/24	6/23/24	$11.91
PS5 Game	$7.58	6/19/24	7/2/24	$15.94
Bucee’s Yukon Outfitter	$3.78	6/13/24	7/7/24	$6.81
13 Game bundle- Untested	$70.36	6/19/24	7/9/24	$79.64
Stocks
Verizon, Altria, British American, Future Fuel	$588.46	Various		$36.40
Underinvested	$554.01
Total inventory amount	$2332.14

Two years ago I decided to take the money in my change jar and buy and flip items to see what would happen. It has been a great success at this point to say the least. I’m going to go through a summary of year two and a summary of the total at this point.

Summary of Year Two

I am a numbers person so I will walk through the numbers of the year’s progression.

Initial Starting Amount Year Two: $384.35

Number of Items Sold Year Two: 83

Largest Profit Made on One Item in Year Two: $279.24

Smallest Profit or Biggest Loss on One Item in Year Two: $-21.27

Number of Items Sold I Made Money On: 60

Number of Items Sold I Lost Money On: 23 I’ve started purging older items I paid small amounts for

Currenty Total Inventory Possible: $1931.59- Over 53 times what I started with! At an annual 8% return on my initial amount it would take 51.5 years to reach this level.

Total Profit in Year One: $1519.45 excluding gains and losses on stocks

Current Number of Items in Inventory: 53

Average Profit on Items Sold: $18.31

Approximate Number of Hours Needed: 30- I was spending no more than ten minutes to find items when I buy them. To pack and ship takes me around ten minutes, as well.

Approximate Hourly rate: $50.64 per hour

Overall level of satisfaction with this: 10 out of 10 in Year Two

Summary of All Years

Initial Starting Amount Year Two: $36.38

Number of Items Sold Year Two: 113

Largest Profit Made on One Item: $279.24

Smallest Profit or Biggest Loss on One Item: $-21.27

Number of Items Sold I Made Money On: 87

Number of Items Sold I Lost Money On: 26- I’ve started purging older items that I paid small amounts for

Currenty Total Inventory Possible: $1931.59- Over 53 times what I started with!

Total Profit Overall: $1895.21 excluding gains and losses on stocks

Current Number of Items in Inventory: 53

Average Profit on Items Sold: $16.77

Approximate Number of Hours Needed: 45- I was spending no more than ten minutes to find items when I buy them. To pack and ship takes me around ten minutes, as well.

Approximate Hourly rate: $42.12 per hour

Where to Go From Here

My goal was to pass $1000 in inventory and I almost doubled that by the end of year two. I hope to be able to double the possible dollar value of inventory again by the end of year three. This would put me at $3800. At $3800 in inventory I may be able to acheive over $200 a month consitently in profit without a ton of effort still. If I get to this level I will have made it to the point where the monthly amount could turn someone into a millionaire if they invested the $200 a month in something as simple as the S&P 500 consistently for around forty years, just by buying some items every month in their free time.

I will continue to buy stocks with some of the profits I make as I continue flipping to increase the dividend passive amounts. I’ve had very good luck finding items which are higher priced where I have been able to double my money on them in the past year or make at least 50% on them. If this trend continues I should be able to double my inventory in the next year.

I could definitely pivot at this point and just go for a lot of volume to ensure I could move up the inventory amount, but I do not want to be flipping lots of low priced items, because it requires a different amount of time to ensure I can get enough of low priced items conistently. As well, it requires a lot more time in packaging to make $3 – $5 an item as it does to make $30 or more an item. The final factor is I am trying to limit the amount of space I am using for this venture and a thousand dollars worth of items starts to take up some real space. I am trying to make an effort to maximize my hourly rate, unless I just want to go out and get low priced items because I feel like it at the moment.

I am not going to update my inventory on this post because you could read my last update. I’ve sold three items since then, the Fire King which I lost money on, Matthew Lesko DVD and a pair of Sperry shoes I bought in May. These three items made me $14.40 more in profit with a cost of $10.86. That amount of profit in six days since my last update in May shows again and again why this works. I am going to keep on flipping stuff and enjoying this. If you are reading these I hope you are enjoying reading it.

May was a win overall for me with changejarflip. I ended up making $326.48 of profit selling items, which is almost ten times the amount I started with about two years ago.

The majority of the profit I made was on Oculus’ and a Nikon Camera. Expanding my horizon out into new areas is proving to be beneficial for me. I made over $37 on six items this month and my sell time fram on most of them was under a month. This makes for an ideal flipping situation where my money is not tied up and I can reinvest quickly. As the update in my dividend post toldk I took some of the profit and invested it in more shares of British American Tobacco.

I sold fifteen items in May. I lost money on three of them, one of which was a Wii U I bought where the buttons did not work on it. It did not have a power supply, and I lost the money on it, but returned the unit. I also lost $1.48 on the last knife I had. I lost $4.48 on a video games I bought, but learned I need to be buying video games at a lower price point.

I sold sheets, shoes, books, Oculus, a shirt, a Cabbage Patch Kid, Apple keyboard, and camera all for profit this month. Maybe I need to focus on one category to spin up more, but I think this keeps proving over and over there is opportunity everywhere.

The biggest winner was a Nikon D800 Body I paid $242 for and ended up making $86.40 profit. The next biggest winners were two Oculus 2’s I made $50.74 and $50.66 on. The next three largest profit items were another Oculus I made $46.19 on, the Apple keyboard and mouse where I made $39.62, and the Nike Aunt Pearl shoes where I made $37.14.

I sold two pairs of sheets and made around $20 profit between the two of them. Electronics appear to move much faster and with more profit, and are around the same amount I am paying for Oculus and Wii’s. I will try to deploy my reinvested amounts out of sheets moving forward.

I sold a Patagonia shirt I paid $1.67 for and made $15.33. This is a great flip overall at 9 days from the buy. There is money to still be made on low cost items, and the risk is much less.

I sold two books which I paid $3.83 for and made $5.29 in profit and average hold time was 15 days. I have the same thought on these I did with the Patagonia Shirt.

The last item was a Cabbage Patch Kid which I paid $3.78 for and made $3.95 on doubling my money in three months. Kind of a weird item to buy, but glad it moved for me.

New Inventory

I have picked up eleven new items that did not sell in the month of May. The higher priced items are a MacBook Air, PS4-1TB, Oculus 2, and a Nikon D3400. The rest are smaller items. I’m going to start reporting as a bulk amount for the month to minimize the number of lines on my inventory. As well, I forgot to update my inventory in April. I don’t have any item over $12 and am going to record them as a bulk number too.

Disposal

I donated three items I have had for almost two years. The NFL puzzle, Wood block set, and Old Spic Cologne bottle. I want to be mindful of the space I use, and these items were not getting any traffic. The low priced items can be winners, but there is a time to move on if they don’t sell with no traffic on them. The total loss on them was $8.87.

Current Inventory

I am no longer going to post the details of my stock I have bought in the current inventory, but put a gross amount moving forward, because updating the sheet is getting to be time intensive for all the items.

Item	Cost	Date Purchased	Sold	Profit
NFL Puzzle	$3.45	6/27/22	Discarded	-$3.45
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
*Old Spice Cologne bottle	$3.25	9/26/22	Discarded	-$3.25
*Wood block set- kid’s toy	$2.17	9/26/22	Discarded	$2.17
*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	$16.77	4/1/23
*Granite Cutting Blades (4)	$32.43	4/4/23
*Crystal bowl	$5.94	4/10/23
*Perfume bottle	$8.11	4/10/23
*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
*Coffee Cup- Floral	$2.70	6/20/23
*Twin Duvet Set	$25.98	6/21/23
*Skateboard	$8.11	7/26/23
*Queen Sheet Set Brown and White Plaid	$64.94	8/23/23
*Accounting Book	$6.27	9/6/23
*Brooks Brothers Sheet Set	$12.99	9/8/23	5/11/24	$11.44
*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
*Ralph Lauren Queen Green Teal Sheet Set	$64.94	2/5/24	5/1/24	$8.05
*Cabbage Patch Kid	$3.78	2/26/24	5/21/24	$3.95
*Matthew Lesko DVD	$1.08	3/1/24
*RNs DVD	$1.08	3/1/24
*Adidas Nastate Size 13	$16.77	3/2/24
*Comics (23)	$21.43	3/5/24
*Pocket Knives	$10.83	3/6/24		-$1.48
*Utawareumono DVD	$1.08	3/6/24
*Nike Aunt Pearl Size 7.5 with box	$20.57	3/6/24	5/2/24	$37.14
*Craftsman Brad Nailer	$43.30	3/6/24		-$8.59
*Pole Saw	$35.72	3/19/24
*Principles Book	$3.24	3/20/24
*4 garage sale tshirts	$4.00	3/30/24
*April 2024 items	$38.72
*Books	$3.83	4/12 & 5/8	5/2 & 5/8/24	$5.29
*NBA 2K24	$10.83	5/1/24	5/2/24	$4.48
*May 2024	$628.36
*Wii U- bad buttons	$13.52	5/7/24	Returned	-$13.52
*3 Oculus	$194.85	5/15/24	5/14,5/17,5/31	$147.59
*Nikon D800 Body Only	$242.47	5/10/24	5/19/24	$86.40
*Patagonia Shirt	$1.67	5/8/24	5/19/24	$15.33
*Apple Keyboard and Mouse	$11.46	5/7/24	5/21/24	$39.62
Stocks
Verizon, Altria, British American	$492.46	Various		$27.79
Underinvested	$243.65
Total inventory amount	$1931.59