Friday, July 1, 2016

June Recap

I sold 37 items.

I spent $526.80 on those items.
I sold those items for $1,442.75
I paid $102.04 in fees to eBay.

I made a profit of $813.91

From my Flipping Experiment with Chris:

We sold 4 items
We sold these items for $$275.00
We paid $36.92 in fees to eBay.
We made a profit of $238.08 - meaning $119.04 each

My total profit this month was $932.95

I am pleasantly surprised at how well I did this month. While I didn't break $1,000, which is always my goal, I did come pretty close, and considering we are in the middle of the summer, in the middle of Q2, which is historically a very slow period for eCommerce, I am quite pleased. I also managed to move all my K'NEX without losing any investment, which clears out a large part of my storage area, and provides me with more capital to reinvest. I manage to tackle all of my unlisted items and got them listed this month. So, not only did I did well on sales, I did quite well in re-stocking my store. I have received a number of items to sell for people on commission, which I am hoping to tackle in July. Overall, it was a very good month.

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