I sold 22 items.
I spent $100.18 on those items.
I sold those items for $641.15
I paid $72.49 in fees to eBay.
I made a profit of $468.48
From my Flipping Experiment with Chris:
We sold 5 items
We sold these items for $874.97
We paid $104.31 in fees to eBay.
We made a profit of $770.66 - meaning $385.33 each
My total profit this month was $853.81
From my Flipping Experiment with Chris:
We sold 5 items
We sold these items for $874.97
We paid $104.31 in fees to eBay.
We made a profit of $770.66 - meaning $385.33 each
My total profit this month was $853.81
This was my first time selling in Q2, when retail sales are typically slow. It is hot and people are outside and not shopping. While my normal sales were one of the lowest months, the flipping experiment really helped boosts sales. If I make $850 in one of the worst months, I can live with that. I have been increasing my inventory as much as I can, preparing for Q3, getting my store filled with items ready to sell. The flipping experiment is looking like it will be a success. I spent most of May organizing everything and listing all the statues. The statues are finally all listed, and 5 have already sold, which is not a lot, but has made some good money. The plan is try to get some of the comics posted in June, and maybe some posters in July. I have no doubt that we will make back our investment without question, and making a very nice profit.
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