We just had three sales come in over the weekend, totaling $1,685 so we’re going to dive into what we sold to make that money.
Item #1 – Boom Box
This boom box was probably from the ‘90s. It was the typical boom box you’d see with the tape deck and CD player. We got it from a thrift store for cheap. I did sit on this for a while and it took the right buyer to get it, but it was small and didn’t take up too much space in storage.
Sold: $250
COGS (cost of goods sold): $10
eBay Fees: $25
Shipping: $25 (estimated)
Profit: $190
Item #2 – Floor Stripper
This was an electric floor stripper. It was not working properly, but I did a video showing how it worked. This is an electric one that has a motor with a little blade on the front of it and the blade just kicks like that to strip tiles or glue from concrete. To get it started you actually had to spin the motor on top. The video showed that and it still sold, so that’s a lesson that things don’t have to be working perfectly to sell.
Sold: $650 ($500 plus $100 shipping)
COGS (cost of goods sold): $75
eBay Fees: $88
Shipping: $100 (estimated)
Profit: $387
Item #3 Oxygen Bar
This is an oxygen bar that gives flavors. It’s small but it pumps in oxygen with flavor. These bars popped up for a while where you could go and breathe in different oxygen flavors. I didn’t know if it worked or much about it, but I said that in the listing. When I found it at the thrift store, I looked it up and saw they retail for over $3,000 new so I knew it was a good investment. We’ve had it for a while, but it was small and didn’t take up too much storage space.
Sold: $785 ($750 + $35 shipping)
COGS (cost of goods sold): $15
eBay Fees: $104
Shipping: $25 (estimated)
Profit: $641
Sometimes with high profit items, you sit on them for longer because it takes the right buyer. The key is getting stuff listed as quickly as you can.
Total Sales: $1,685
COGS (cost of goods sold): $100
eBay Fees: $217
Shipping: $150 (estimated)
Profit: $1,218
If you want to learn about high profit flipping, watch Rob do a shipping demo, or learn about the many niches in the reseller business, check out The Reseller Summit happening this week. It’s a totally free online event where you can learn from other resellers in the business.
RSVP to www.theresellersummit.com and then you’ll get a welcome email with an invite to The Reseller Summit Facebook group.
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FURTHER RESOURCES
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