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re: Can I turn one dollar into a family trip of four to Japan? Update 10/6 some great buys
Posted on 8/13/24 at 2:07 am to theantiquetiger
Posted on 8/13/24 at 2:07 am to theantiquetiger
Fantastic idea and thread . I dig your method of doing it,also. Easy to follow and understand.
0
Posted on 8/13/24 at 2:25 am to bamabenny
quote:
One of the coolest OT threads ever
Totally agree. To have a hobby that you use to benefit you and your family, is the ultimate reward. You are having fun doing it and benefiting you!! I had a baseball card collection that I started when I was 15 years old (48 now), sold most of it and put my daughters through college. Nothing more satisfying than taking something that’s of interest to doing something even better with the earnings.
Posted on 8/13/24 at 12:12 pm to theantiquetiger
What is your eBay site name? Might be interested in a couple of things
Posted on 8/13/24 at 3:05 pm to riverdiver
quote:
What is your eBay site name? Might be interested in a couple of things
Same as my screen name here
Posted on 8/13/24 at 3:09 pm to theantiquetiger
How do you convince buyers on eBay to purchase unauthenticated signed tennis balls, belt buckles, and mysterious old hats of unknown origins?
Do you already have clout built up with your buyer base?
Do you already have clout built up with your buyer base?
This post was edited on 8/13/24 at 3:10 pm
Posted on 8/13/24 at 3:26 pm to TigerphanTigerman
quote:
How do you convince buyers on eBay to purchase unauthenticated signed tennis balls, belt buckles, and mysterious old hats of unknown origins? Do you already have clout built up with your buyer base?
The tennis ball surprised me, but to each their own. As for the peacock belt buckle, it was free, and there just was something about it.
As for used baseball hats, those are collected. I found out a few years ago when I bought a Lakers hat for $5, it sold for $350. It was because of the brand (Sports Specialties), but most sports teams hat have value, as long as it’s not some Chinese knockoff.
A few years ago, the big thing was old vintage trucker hats.
You got to remember, there’s a collector for nearly everything.
This post was edited on 8/13/24 at 3:37 pm
Posted on 8/14/24 at 4:21 pm to theantiquetiger
Update in op
Posted on 8/14/24 at 4:25 pm to theantiquetiger
Posted on 8/14/24 at 5:20 pm to fr33manator
Sold the KGB watch $40
Posted on 8/14/24 at 8:29 pm to theantiquetiger
Showing my 15 yr old son this thread. He started selling found things around our house (asking us first of course) on eBay. Has made about $300 just over the last week. Beginning of the summer he sold a Pokémon card for $200. I thought for sure it had to be a scam, but the guy paid, he shipped it and never heard another word. I want to kick myself for throwing away so many Pokémon cards over the years. Plus for me is that he now has spending money. With his extracurricular activities, he doesn’t really have time for a job, so this is a great side business.
Posted on 8/15/24 at 9:22 am to LSUlove
quote:
I thought for sure it had to be a scam,
Some of the things I sell I think it’s a scam when it first sells. The signed tennis ball with no COA sold for $50 (I set the price there, and figured someone would offer me $20. The Madame Alexander dolls, I ran as an auction or make me an offer. Exactly 10 minutes after they were listed, I get the $350 offer. I thought they had made a typo and meant to put $35.
Posted on 8/15/24 at 10:41 am to theantiquetiger
Very cool thread, Antique. I'll be following. Good luck!
Posted on 8/16/24 at 12:02 pm to theantiquetiger
You did really well on those Marx trains. Even though the track was wide radius (more desirable), I thought "no one is going to buy the track."
Posted on 8/16/24 at 8:07 pm to theantiquetiger
Update on op
Posted on 8/16/24 at 10:31 pm to theantiquetiger
My math may be fricked but
688/3 = 229 so $230/month.
$2760/year.
It’s gonna cost 20K so at this rate you’ll be enjoying the Far East in no time (7.5 years)
Get er done!
688/3 = 229 so $230/month.
$2760/year.
It’s gonna cost 20K so at this rate you’ll be enjoying the Far East in no time (7.5 years)
Get er done!
Posted on 8/16/24 at 11:08 pm to One72
quote:
My math may be fricked but 688/3 = 229 so $230/month. $2760/year. It’s gonna cost 20K so at this rate you’ll be enjoying the Far East in no time (7.5 years) Get er done!
You are correct, your math is fricked.
Yes, I only have $688 in cash after 2.5 months, but the first month was the slow period, not enough money to make the big purchases. Now I have capital to make the bigger purchases, such as the bobble heads. They cost me $150, but should sell for $300+.
The trip to Japan, I am talking just the flights and hotels. Japan is not an expensive trip. For $200 a night ($2000 for 10 nights), you can stay at super nice hotels. Flights are about $1000-$1500 round trip.
That’s $8000. I’m figuring about $12,000-$14,000 total for entire trip.
This post was edited on 8/16/24 at 11:10 pm
Posted on 8/17/24 at 12:46 am to One72
quote:
My math may be fricked but
688/3 = 229 so $230/month.
$2760/year.
Math is accurate but business savy is lacking. It is amazing you can't see the explosive growth of his capital investment. It grew 688 times in 3 months so in three more months (given unlimited time and unlimited access to inventory, both being limiting factors in a flipping busineess) in three more months it would grow to over $470,000. That is even ignoring all the value in inventory he has.
I suggest you don't start a buiness!
I will say I don't know if AT is using pure buiness accounting because even if he considers them not part of his challenge to evaluate it in buisness terms all costs would be included. Mileage, computer, camera, packing material, taxes, internet access and all other costs to sale and warehouse the items. Even if he is not doing that I am not crapping on his challenge at all. Some of that is just the sunk cost of living in the modern world.
Posted on 8/17/24 at 1:27 am to Obtuse1
quote:
I will say I don't know if AT is using pure buiness accounting because even if he considers them not part of his challenge to evaluate it in buisness terms all costs would be included. Mileage, computer, camera, packing material, taxes, internet access and all other costs to sale and warehouse the items. Even if he is not doing that I am not crapping on his challenge at all. Some of that is just the sunk cost of living in the modern world.
Mileage, internet, my home office space, office supplies, etc, are all calculated at the end of the year for tax purposes.
But it is a hobby, so I don’t consider mileage as an expense. If your hobby is playing golf, do you consider green’s fees, clubs, clothes, balls, etc, as a taxable expense?
As for packaging, I’ve gotten pretty clever over the years. My neighbor pretty much lives by Amazon and Walmart delivery. They must have an average of 3 boxes a day on their front door. She saved them for me. Plus, I over charge larger item $2-$7 each, if I need to buy a box. I would say my cost of shipping is pretty close to a wash, because some I overcharged a little, some I undercharged a little. My largest shipping expense is bubble wrap, not boxes.
I have zero formal business education. I’ve learned all this from plain old trial and error. I do remember a couple times 20 years ago, I completely underestimated the shipping cost, and ended up losing money on the item. Shipping cost now is a lot more accurate with the eBay shipping calculator.
Also for this challenge, I am calculating my profit from each sale at 85%, but it’s actually 87.5% (I believe).
This post was edited on 8/17/24 at 1:32 am
Posted on 8/17/24 at 1:53 am to theantiquetiger
quote:
Mileage, internet, my home office space, office supplies, etc, are all calculated at the end of the year for tax purposes. But it is a hobby, so I don’t consider mileage as an expense. If your hobby is playing golf, do you consider green’s fees, clubs, clothes, balls, etc, as a taxable expense? As for packaging, I’ve gotten pretty clever over the years. My neighbor pretty much lives by Amazon and Walmart delivery. They must have an average of 3 boxes a day on their front door. She saved them for me. Plus, I over charge larger item $2-$7 each, if I need to buy a box. I would say my cost of shipping is pretty close to a wash, because some I overcharged a little, some I undercharged a little. My largest shipping expense is bubble wrap, not boxes. I have zero formal business education. I’ve learned all this from plain old trial and error. I do remember a couple times 20 years ago, I completely underestimated the shipping cost, and ended up losing money on the item. Shipping cost now is a lot more accurate with the eBay shipping calculator. Also for this challenge, I am calculating my profit from each sale at 85%, but it’s actually 87.5% (I believe)
I’d kill myself if I ever had to read this again.
This post was edited on 8/17/24 at 1:56 am
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