One of the reasons we love flipping larger profit items is because it’s over all less work. We believe in the motto, work smarter not harder. In March our sales were $13,475! Whew, not too bad! And guess what? We sold only 6 items. Here is what we sold.
Our business model is a little bit different than a lot of ebayers. We focus on selling larger, higher profit items through freight shipping. This helps us have more time for fun and family.
A few months ago we promised our readers that we would bring back our income reports so here you go!
Item #1
Dixie Chopper
I picked up two of Dixie Chopper commercial lawn mowers at the end of last summer for $1,200 each. They were in great condition.
I knew I would have to hang on to them until the next spring/summer, but I had no problem with that because I knew they would sell.
I was right!
As soon as the snow left and the grass started sprouting, I sold my first Dixie Chopper for $7,200!
I sold this one in a private sale through Paypal so I got to bypass all the eBay fees and just pay 2.9% for the Paypal transaction fee!
Purchased for: $1200
Sale Price: $7,200
Paypal Fees: $208
Shipping: $360
Total Profit: 5,432
That profit was worth hanging onto it for the winter.
Item #2
Form Liners
These form liners are commercial quality stamps for doing concrete work.I picked these for $400 from one of my contacts quite a while ago, so I was super happy to get these sold!
This was a HUGE shipment. I shipped them on two large pallets weighing over 2,000 lbs each! We made a nice profit on these as well.
Purchased for: $400
Sale Price: $4,500
eBay Fees: $341
Shipping: $826
Total Profit: $2,933
Item #3
Jagermeister Tap Machine
I picked this machine from the flea market for $20!
I’ve sold one of these in the past and knew they were worth a few hundred dollars. I asked the flea market vendor the cost and then told him I wanted to walk around the flea market for a bit and I would come back.
I was planning to walk around and look it up again, but before I could walk away he knocked another $20 off the price and so I just snagged it.
I knew they still had to be worth something and they were!
Purchased for: $20
Sale Price: $360
eBay Fees: $44
Shipping: $71
Total Profit: $225
Item #4
Bobcat Bucket
One really cool thing about the business I’m in is that I get a lot of stuff for free. As people find out what we do for a living, I accumulate a ton of very valuable items at no cost.
I was purchasing another item and in the deal the seller threw in this bobcat bucket that he didn’t have a use for. This definitely counts for work smarter not harder.
Gotta love free stuff!
Purchased for: FREE
Sale Price: $540
eBay Fees: $66
Shipping: $128
Total Profit: $346
Item #5
Coyote Taxidermy
We got some love on this one and of course some hate on social media for selling this coyote! (But hey, I didn’t hunt it.)
And it was really an awesome find!
We picked this guy for $130 at a thrift store 50% off sale while traveling for vacation. That’s one of the other benefits of the business we are in. While we are on vacation, we can find ways to pay for our vacation by picking really cool items to flip along the way!
I paid another $140 to have its tail fixed so it would be in prime shape for selling. I sold it pretty quick for a nice little profit.
Purchased for: $130
Sale Price: $685
Cost to Fix Tail: $140
eBay Fees: $85
Shipping: $70
Total Profit: $260
Item #6
Sony TV
I picked this from a dumpster! Yup, I’ve been known to jump in and out of a few dumpsters. Why not?
I sent a photo of this tv to one of our course members who flips a lot of electronics and he told me to go back and grab it because it was worth money.
He was right! I sold it for $190! Not too bad for someone else’s garbage!
Purchase for: FREE
Sale Price: $190
eBay Fees: $17
Shipping: $46
Total Profit: $127
Below is our totals for COGS, ebay fees, shipping costs, and of course profits!
Total Purchase Cost: $1,750
Total Sale Price: $13,475
Total eBay/Paypal Fees: $761
Total Misc Fees: $140
Total Shipping Costs: $1,501
Drum roll please… Our total profit for March was $9,323 selling JUST 6 items!
When I learned to work smarter not harder and to stick to higher profit items is when I realized I want this to be my business plan. It is less time and we can make an amazing living doing it.
What about you? Have you thought about flipping items, but haven’t gotten started yet? Check out our free flipping webinar to see if flipping might be for you! We will teach you how to work smarter not harder.
FURTHER RESOURCES
47 Household Items To Resell (To Help You Make $100!)
FREE Workshop How To Turn Your Passion of Flipping Items Into A Profitable Reselling Business
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