LentFlip 2015 - Post #6 (LAST LENT POST... it's short, I promise)

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LentFlip 2015 - Post #6 (LAST LENT POST... it's short, I promise)

Hi! If you're checking this out for the first time, I'm flipping for Lent and donating all of my profits to St. Francis of Assisi Catholic Church. Start from my first post to get the full story!

Sorry for the long absence. I'm expecting a baby any moment now and haven't been out sourcing inventory in a while. My LentFlip experience has truly shown that it takes time for things to sell. Fortunately I'm glad to report that the current profits for the Church have more than doubled, nay, tripled since my last post. This will probably be my last LentFlip post. I don't foresee anymore sales during the Triduum so I'll just share the completed profits! Fear not, I'll more than likely keep flipping and sharing only the best flips I make!

In total I sold 22 items for a profit total of $919! Note the picture below to see my Google Sheet and check out how much I grossed, paid in fees, paid for shipping, and netted. 

***I kid you not, as I was typing this out I got this alert on my phone saying that I sold a textbook which meant I had to retype the final totals. (sorry it's not on the Google Sheet... I'm lazy)

Here are the new totals:

Capital: $246.08

GROSS: $1,514.58

Seller Fees: $157.9

Shipping: $170.23

NET PROFIT: $919

 Quick Sorter, Radio Shack Stress Eliminator, Adobe Creative Solutions 2, Panasonic Cassette Recorder, and the Nyko Frontman Guitar at the post office, ready to be shipped out! (shipped the N64 that morning before these other items sold).

Quick Sorter, Radio Shack Stress Eliminator, Adobe Creative Solutions 2, Panasonic Cassette Recorder, and the Nyko Frontman Guitar at the post office, ready to be shipped out! (shipped the N64 that morning before these other items sold).

As you can see in the screen shot and the packaged items, March 25 was a damn good day. I've never had 6 items sell in my Ebay store in one day! The Life of John Taylor book was actually sold outside of Ebay, that's why I didn't enter in any fees/shipping.

I've still got 22 other items that cost me $92 to obtain, but I'm expecting around $450 profit after seller fees. Again, these items that I'll continue to sell after Easter will still be added to the final amount of profits going to St. Francis Catholic Church.

 

Here are a few items that sold!

I'll start with the  Human Development 6th Edition Textbook because it just sold not 5 minutes ago. I bought it for $0.50 at Goodwill and profited $73.80 after fees and shipping. THAT IS A 14,600% PROFIT. This was not a homerun but rather a Grand Slam and a great way to close out our LentFlip 2015 adventure.

Remember that Sony Handycam Camcorder and Tripod that I bought at that garage sale? I had had it up on Ebay in a bundle for $200/Make an Offer for about 2 weeks with no bites. So I decided that I should just separate the bundle. I figured whoever needed the Tripod already had the Camera or at least one that's compatible with the Tripod. I split up the listings and put them each at $100/Make an Offer + calculated shipping. The tripod sold for $111.30 within 3 hours of re-listing and they didn't even make an offer. The Camcorder sold for $112.15 four days later. With the camcorder, the buyer offered me $90 and I accepted. The reason why it came out to $112 is because the shipment was going to California. Anyway, got the price that I wanted for both items; just needed to split up the listing.

By far the coolest flip I've made this Lent was the 1st Edition Life of John Taylor, and I didn't sell it on Ebay. Turns out a friend from high school saw my LentFlip post #5 and inquired about it. Long story short she acted as the middle-woman between me and her dad, who is a Mormon book collector. I sent her a bunch of pictures of the book and told her that since her dad specifically collected these kinds of books that I'd respect any offer he gave me; and I truly meant any offer. He offered me $300 for it via online communication, but I didn't want him to send money until I could deliver it to him and he could inspect it here in the DFW area. We arranged a time to meet at his house pretty late one night last week. I went to his house and stayed at least 1.5 hours checking out his book collection. I won't reveal his name or location given that his collection is massive and cost a pretty penny. It was a great experience and I met lovely people as well. He insisted on paying $300 for it despite already having a better copy of it in his beautiful collection.

Well, it's been fun. Learned a lot about different items, met some awesome people, got me some good Ebay feedback, and most importantly I earned $919 in addition to my normal tithing this Lent. Subscribe and contact me if you'd like some help/advice selling something on Ebay. I consider myself an amateur but I'd love to help If I can! I pray you all have a blessed Triduum! Peace.

P.S. Please pray for Emily and I as we are expecting this baby to come soon! Thanks!

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LentFlip 2015 - Post #5 - Is Flipping Immoral? More profits and items! Warning: Long Post!

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LentFlip 2015 - Post #5 - Is Flipping Immoral? More profits and items! Warning: Long Post!

If you don't want to read this monster post, then scroll down for my HUGE haul and more completed sells! If you want some of my thoughts/more of an understanding on how I operate when flipping then I suggest you give it a read!

Is Flipping Immoral?

My perspective…

My item haul since my last post has been super fun and I've picked up a lot of good stuff. Since the last post I went twice to Goodwill, a Thrift store, an Estate Sale, and a Garage Sale. March 18th was Goodwill’s 50% off day and you bet your bottom dollar I was there. In fact I even went the night before to scope out the goods. Goodwill has been a great thrift store for me to source items. I keep an excel spreadsheet of my purchases and completed transactions and after a brief skim of my earnings from Goodwill alone, I've resold 36 Goodwill items and made approximately $1k from casual sourcing since October of 2014. I want to say that most of these purchases were done at the same time, but I’ll be conservative here and guess that 50% of the time I only buy one item. But let’s just say that each time I went I only bought the one item and it took me 36 different trips to Goodwill to get those 36 items. Now let’s say it took me an hour to drive, buy, list one of the items on EBay, package and ship the item; that’s $1,000/36 hours = $27.78 per hour. I’d gladly set aside an hour to make at least $27 (36 trips) - $37 (27 trips) per hour. You get the picture.

I’d like to take the time now to address the issue that some people have with those who resell/flip. Reselling/flipping is often misunderstood which then causes weird stigmas associated with it. Some see reselling as taking advantage of or not playing fair. Some people don’t understand it and jump to conclusions that reselling/flipping is deceitful and dishonest. Don’t get me wrong, I've encountered people like this who are in fact actively trying to deceive their buyer; this my friends is called a scam artist, not a flipper. Throughout this post I’d like to bring light to the flipping world and present thoughts against the notion that reselling/flipping is the same as scamming/taking advantage/etc., and bring clarity to the apparent haziness and skepticism associated with this particular hobby of mine and even profession for others.  

I assure you that I wouldn't invest into something that I felt was immoral or leading me away from Christ. Some flippers use the argument, “aren't flippers just the middlemen?” In my opinion, flipping is just like any other business. I love the T.V. show The Office and in one episode it’s ‘bring your kid to work day’, and the Boss of the office, Michael, is talking to the kids and giving them a tour around the office. During the tour Michael tells them how Dunder-Mifflin makes money and the kids seem to not understand. Here’s the exact quote from the episode:

Michael: This is where the magic happens! Right over here, let me show you this. See all these? [pets shelf of paper] You know what that is? That's paper. This is where paper comes from. Any questions?

Melissa: So... you cut the paper and dye it and stuff.

Michael: No, we don't actually cut the paper. That's a good question. The paper is sent to us cut, and dyed, from a paper manufacturer, and then we sell it to a business for more than we paid for it.

Abby: That's not fair. [the rest of the kids agree]

Michael: Yes it is, well, w-w--you need someone in the middle to facilitate...

Jake: You're just a middleman.

Michael: I'm not just a middle... man...

Melissa: Wait, why doesn't the saw mill just sell paper directly to people?

Michael: You are describing Office Depot, and they're kind of running us out of business.

 

I like to think I go out and find treasures that people have been looking for or just plain and simply need, and the profits I make doing so go towards the work I put in finding the item, inspecting, testing, and then shipping it straight to them. Also, I simply just find it fun to go to these places and look through stuff. I’d say I keep around 15% of the things I find.

Now, onto each platform I source items from!


GOODWILL

           Now, before I go on any further I’d like to address what exactly Goodwill is all about. Some people seriously look down on re-sellers who go into a Goodwill looking to make a profit because they think that flippers swoop in and take advantage of discounted item before someone who really needs the item is able to purchase it. But I seriously doubt someone struggling to put food on the table really needs to buy six of those BOSE Redline Home Entertainment speakers at Goodwill for $15.99 or desperately needs a signed Ozma picture vinyl. Here is the cold hard truth: when it comes to reselling, Goodwill is just another competitor that is looking to capitalize onto the market; yes, even the retail market. In my opinion if people want their donated items to go to a family in need, then for the love of God they shouldn't be handing it off to Goodwill. Take your donated items to a Church that has an Outreach facility or another organization that literally charge nothing so that the homeless and underprivileged are able to have clothes on their backs. However, if you want to donate so that people are able to have jobs like: managing, being a cashier, processing items, then by all means please keep donating there!

Historically people have believed their donated goods were going to people in need, and not to a middle man looking to maximize profits. But here’s the thing, Goodwill has never advertised themselves to be an organization that helps families in need by providing a store that has discounted household/textile goods. You can go straight to their website and find nothing regarding their corporation providing items/products at a discounted price specifically for the poor or homeless. Their prices happen to be somewhat discounted because the items are indeed donated; it’s just common sense that a used item isn't expected to be resold at retail prices.

Goodwill is not and was never meant to be understood as a discount store specifically for lower class families, but rather as a second chance career center and resource. While shopping in the Goodwill that I regularly go to, you can hear their commercials playing on Goodwill Radio constantly advertising their career center/facilities in between Katy Perry’s Firework, Jake Owen’s Anywhere With You, and Hunter Hayes’ I Want Crazy; seriously, Goodwill Radio plays some good jams. The first thing you find on their website is a number of people they have been able to employ because of the donated items coming in. Their slogan is “Donate stuff. Create Jobs.” According to their website, all the items donated to Goodwill this year have employed 55,898 people, which is pretty impressive. Directly under their slogan you find different pages for career building, job searching, etc. Goodwill is alive and running because of the people that donate. But Goodwill’s mission is Changing Lives by the Power of Work, and functions solely to create jobs for people who need second chances. So, please donate if you want to keep creating jobs for people that need second chances.

The most common denominator when it comes to everything that I buy is that, for whatever reason, someone has made the decision that they are going to get rid of said item. If you’re donating items, you are technically saying “I could do without this”, but your reasoning for donating that item does not follow the item into a Goodwill or Thrift store. Donated items fall under one of these categories:

1)      simply just wanted the item(s) gone.

2)      wanted it to go to someone else in need.

3)      wanted the tax write off.

I’m sure there are more reasons but these are the ones I came up with.

            Regardless of the reason an item is donated, Goodwill/Thrift stores look to maximize profits. Any business that wants to stay alive understands this. The employee’s I see at Goodwill aren't stupid. They know what I’m doing there especially when they seem me regularly coming in and buying the most random things. They know I’m there trying to capitalize on profits because they CONSTANTLY deal with this. Literally all day collectors, hoarders, and flippers are filing in and out trying to find treasure. They also know what I’m doing because some of them have asked why I come frequently and buy random stuff, and I’m very honest with them with what I do.

            Goodwill employees don’t frown on collectors, hoarders, or re-sellers when we come in, but rather without us they wouldn't have a business, period, nor would they have jobs to give. They have come around and gotten smarter about pricing some items a tad bit higher. Sometimes they get it totally wrong though. I see them trying to sell beat up GameCube’s for $60, which is absolutely outrageous. They've also gotten smarter about TI-83 Calculators. They used to price those suckers at $5 all day which could net you about $50 depending on the buyer, competition, and condition. Now you’ll see some priced around $30-40 range which hardly leaves any room for profit considering EBay and PayPal 13% fees + shipping.

            Another way I get items is from Goodwill’s auctions. I've bought some pretty sweet stuff from their auctions such as: a Behringer 24 channel mixer, (2) Casio Vintage MIDI guitars, Nintendo Wii, and so on. If you couldn't tell, I think I do well with music gear, but if you want to have a good and successful EBay store, you've got to diversify your purchases, which means obtaining knowledge about anything and everything. Goodwill has even gotten to the point where they are withholding items from the store floor because they send items to their online auction website. I'll let you do the math here...

Ultimately, while Goodwill does great at creating jobs, they actively are trying to maximize profits, capitalize on inventory, and clear inventory quickly so that new inventory can be sold. They only have so much shelf space, so the quicker something moves the quicker they make money and the more jobs they can offer.

ESTATE SALES

          Estate sales are probably my favorite places to go to source items. I've heard that Garage Sales are what people want to give away and Estate Sales are what people wanted to keep. Typically you find a lot of junk at a garage sale, goodwills, and thrift stores, but generally a majority of estate sales are bomb-diggity awesome and packed with great finds; at least that’s how mine are in this area.

            In my amateur experience estate sales occur because:

1)      The residents have passed away and the rest of the family is done collecting what they want.

2)      The residents are moving and can’t take everything so they sell what they can’t take.

3)      The residents are moving out of the country and want to sell EVERYTHING.

Just like Goodwill’s trying to maximize profits, so also do Estate Sale Companies. Estate Sale companies are essentially flippers like myself. Instead of coming into the estate and snatching a couple items to resell like I do, they go out and bid on entire estates so that they can resell everything for profit; or sometimes they’ll be contacted straight up by the residents to come in to their estate, price everything, and conduct the sale so the owners of the house don’t have to. Some companies take weeks to go in a price everything, and they do it with intense research; sometimes leaving flippers like me with no profit to make. If you’re looking to find an estate sale just for funzies, then hit up www.estatesales.net and enter in your zip code.

Ultimately, Estate Sale Companies try to maximize profits. Just like Goodwill. Just like me. As the same for Goodwill, Estate Sales Companies are well aware that 95% of their buyers are re-sellers/flippers.

GARAGE SALES

            Garage sales are mostly a lot of junk. But very rarely you’ll get someone selling quality stuff. A garage sale is probably the platform where people can and are taken advantage the most my Re-sellers/Flippers who have no soul; OK that was a little extreme, but I’ll try to get my point across. Let’s say I find a gold necklace that appears to be costume jewelry and is marked at $5. Let’s also say that I recognize that this is an authentic GOLD necklace. Here’s the golden question… hehe… you see what I did there?... OK. Do you alert the owner conducting the garage sale or do you keep your mouth shut and pay up as fast as you can and roll in the Benjamin’s?

What I would do in this situation and the honest thing to do here would be to notify the seller of what they have. Once they’re fully aware of what’s being sold, then a price can be negotiated. Of course now this begs the question of how much they should charge and how much a flipper would pay. But regardless of what I, a buyer, does with an item after its purchased doesn't really matter. In the end, after discussing what the seller actually has (a gold necklace) the buyer and seller came to a conclusion and agreed on a price. BUT just because you agree on a price doesn't make every scenario OK. Another example of abusing the seller would be lying and saying "I wan't to buy this for my niece" which you're leading them on to to believe it's going somewhere good, thus allowing you an extreme discount but flipping it instead. This is major deceit and is a grave matter in regards to your soul.

This scenario I've described is how I would handle a situation like this. Here’s another example that is much different. Again, I’m pulling The Office back into this and referring to Andy and Dwight’s transaction. If you’re a nerd like me who loves The Office then you know exactly what I’m talking about. In short, Andy is selling his Xterra for a certain price and Dwight learns of this and gets Andy to shave $1,500 off his asking price. Not too long after the transaction, Dwight puts the Xterra back up for sale but at an even greater price that Andy initially had. Like anyone else would, Andy gets rightfully upset! He’s upset because he gave his friend a deal upon which Dwight was just using to make a profit from. I mean… Andy also stole Dwight’s girlfriend so that might have factored into him doing that.

I've only been able to come up with this scenario, a scenario where flipping can actually be harmful and damaging only when you use someone who you have a relationship with for your own profits. A friend hopefully isn't trying to maximize profits on you, which would be a terrible relationship; therefore one shouldn't do the same to them. Imagine I buy you a brand new leather jacket and then you received it, acknowledged it’s worth, and then turned it around for profit; I would be pissed at you! Because I bought it FOR YOU!

To try and articulate my point more…

I used to play Poker, a lot. I started at the young age of 12 and I got good, real good. Eventually when I got old enough to play at Winstar Casino in Oklahoma, I went as often as I could and made $b$a$n$k$. Please keep in mind that this was a different time in my life, before NET, before even thinking I’d ever be a youth minister. I still like to play but I haven’t in almost a year, and the last time I went I made $700. But there’s a reason why I stopped playing as often as I used to. To keep it short, other things simply were more important to me, such as: God, Emily, family, etc. But when I do play I make sure my opponent knows exactly what he’s doing. I do my best to make sure that he’s not being irresponsible with his money.

I remember one time I was 18, sitting at a $1/$2 game at Winstar with about $250 in front of me. I had only been sitting for an hour and within that time one guy had lost and re-bought in about 3-4 times at $200 each re-buy. This is an indication that: 1) He’s just a rich dude that sucks at poker. 2) He has a gambling problem. I remember this night very well and this man did not appear to fall under the first category.

First off, poker is not gambling, but people can be very stupid/ignorant about the game and have a gambling mentality with it. In the game of poker you are on-guard of your money. The whole point of the game is to get your opponent’s money. However, there’s something morally wrong with continuing to sit at the other end of the table with a man in the second category that might be losing his rent money, or money that is to be used to support his family.

I remember at 18 that I couldn't keep sitting at that table, even if I folded each hand that I saw that he was in. For, my very presence at the table is somewhat endorsing what he’s doing. I got up and found the Pit boss to request a different table. Shortly after that I regularly started playing higher stakes. Typically the higher the stakes are, the less fishes you’ll find at the tables. The higher the stakes, the better the player, the fairer the game.

I kind of like to think that Estate sales, Thrift Stores, and Goodwill is a tad bit similar to me making sure my opponent knows full well what he’s doing at the other end of the card table. All of those stores are re-sellers looking to maximize profits. However, I kind of… KIND OF… associate the garage sale crowd with that one guy at the table that doesn't have a clue what he’s doing!

If you've ever seen the poker movie Rounders with Edward Norton and Matt Damon, you might remember Damon’s character quoting Amarillo Slim, a poker pro, saying, “It’s immoral to let a sucker keep his money” meaning that it's your fault for not taking the time to get better at the game or figure out what your item is actually worth.

Garage Sales, in my opinion, kind of hit on a similar level. People holding garage sales are mostly just trying to get rid of junk, and maximizing profits obviously isn't really important to them. Just a tip, if you want to sell something and get as much value out of it, then steer clear from using a garage sale as a means to sell it. Holding a garage sale is just asking for it to be purchased at most 30% retail value.

Hopefully I've been able to present my side of flipping clearly. It's super fun and I've met a lot of super nice people doing it. We actually see each other a lot from sale to sale. I would definitely consider myself an amateur but if something has interested you about this post, feel free to ask me questions about flipping. I promise I'll get back to you!

I’d be interested to see what others think about this post. It became a lot longer that I intended but I hope it brings some light to the way I think and operate when flipping. 


Without further delay, here are 24 new additions to the inventory!

Thrift Store 3/20:

Just got back from this Thrift Store today. Only picked up these two items but foresee a pretty decent profit. I stopped in on my way home from dropping of some Vinyl's to a coworker at St. Francis. (more on this below...)

$4 – PS3 Guitar Hero Guitar – want $40

$2 – How Things Work Complete Set – want $25

 This guy didn't have a price tag on it, but an employee said they'd sell it for $3.99. This is a PS3 Wireless Guitar Hero Guitar. Guitar Hero is still "in" and people are looking for replacement guitars all the time. What's awesome about the Playstation wireless guitars is that the neck separates from the body super easily, which makes shipping them so much cheaper. The Xbox and Rockband guitars can't separate and my buyers are forced to pay more for shipping a larger box. Just about all the guitar hero guitars I buy don't have their wireless dongle to connect to the console. This normally isn't a big deal because the dongles don't wear out or quit working like the guitars do. I figure this will be a super easy sell and will probably go for $40. No brainer find here.

This guy didn't have a price tag on it, but an employee said they'd sell it for $3.99. This is a PS3 Wireless Guitar Hero Guitar. Guitar Hero is still "in" and people are looking for replacement guitars all the time. What's awesome about the Playstation wireless guitars is that the neck separates from the body super easily, which makes shipping them so much cheaper. The Xbox and Rockband guitars can't separate and my buyers are forced to pay more for shipping a larger box. Just about all the guitar hero guitars I buy don't have their wireless dongle to connect to the console. This normally isn't a big deal because the dongles don't wear out or quit working like the guitars do. I figure this will be a super easy sell and will probably go for $40. No brainer find here.

 Bought this set for $2. A quick Ebay search told me these last sold for $30-ish. I might be sitting on these for a while before they sell, but hey, they look awesome!

Bought this set for $2. A quick Ebay search told me these last sold for $30-ish. I might be sitting on these for a while before they sell, but hey, they look awesome!

Estate Sale 3/20:

This estate sale was a gold mine for Record Collectors. My coworker at St. Francis collects them and actually restores turntables, receiver, and a bunch of other stuff. He knows how well I do flipping and how often I go, so whenever I see something he'd want I make sure and buy it for him. However, at this estate sale all the record enthusiasts came out and I was way over matched. I tried talking my coworker into going with me but today is a work day for him. So, I was wayyyy out of my element. The only record I've ever sold was a signed OZMA vinyl. They were a lat 90's punk band that had influences from Weezer. I sold that for $60, which also was my second sell on Ebay, ever! My first sell on EBay was an Ingersoll Rand Air Sander, which I also sold for $60. Anyway, I only came out of that Estate sale with 3 records (Funkadelic, or something like that, and some other band) for my coworker and 3 NES games.

$5 – NES Final Fantasy – want $17

$5 – NES Super Mario & NES Super Mario 2 – want $30

 These were in a box labeled $5 each. I'm not a gamer by any means but I somewhat know what to look for. I just skimmed through the games in the box and found the ones that stood out. Mario is always an easy sell and FINAL FANTASY ON NES?! No brainer here. Not sure if I want to sell these. I might just ship them to my brother in MN.

These were in a box labeled $5 each. I'm not a gamer by any means but I somewhat know what to look for. I just skimmed through the games in the box and found the ones that stood out. Mario is always an easy sell and FINAL FANTASY ON NES?! No brainer here. Not sure if I want to sell these. I might just ship them to my brother in MN.

Goodwill Haul 3/18:

This haul came from that Goodwill 50% off day. I went the night before to scope out the goods and while I was there I saw the Human Development textbook and the Adobe CD's. For some reason I thought it would be a good idea to leave them and come back the next morning so I could get them half off. NOT SMART! I had an easy $100 profit and left it there because I didn't want to pay full price. Luckily they were still there along with more goodies when I went in at opening time the next day! 

 This was the line for March Madness 50% off day.

This was the line for March Madness 50% off day.

(PICTURE BELOW)

$5 - Nyko Frontman Complete in Box - want $40

$0.50 - Adobe Creative Solutions 2 - want $30

$0.50 - Human Development 6th Edition Textbook - want $80

$1.50 - WB Reel Case - want ?

$3.25 - NWT Shirt with Fishes (can't remember the brand, sorry) - want $25

$2.75 - Lost In Space Complete DVD set - want $25

$1 - RadioShack Executive Stress Eliminator - want $20-45?

$7 - Office Lamp – NOT FOR SALE

 I haven't taken individual pictures of everything to post on Ebay yet, so I thought it'd be easier just to show you one pic of everything from this haul. The Nyko Guitar is super awesome and complete. It's connector to the gaming console is actually a stomp box, which is super cool for actual guitar players. This is compatible with Rockband and Guitar Hero PS3. The text book was a no brainer as well as the Adobe. I got that shirt new with tags and it looks like some college frat boy would want it. No idea what the WB reel case is worth but thought it was cool. Might sit on the DVD set for a while. Not a very popular show but last sold on Ebay recently for $25. Found a small RadioShack tinker toy. It's a small little box that makes explosion and laser sound effects. I figured since RadioShack is closing and this is a vintage little toy it'd be worth something. Sure enough when I looked it up quite a few had sold for $15, but there are currently only 2 on Ebay and both sellers are asking $4o! It's so nuts how the market can be controlled. The last time that textbook sold was a couple days ago for $80; nice profit to be made here. Last but not least is that lamp and I'm not selling it. 

I haven't taken individual pictures of everything to post on Ebay yet, so I thought it'd be easier just to show you one pic of everything from this haul. The Nyko Guitar is super awesome and complete. It's connector to the gaming console is actually a stomp box, which is super cool for actual guitar players. This is compatible with Rockband and Guitar Hero PS3. The text book was a no brainer as well as the Adobe. I got that shirt new with tags and it looks like some college frat boy would want it. No idea what the WB reel case is worth but thought it was cool. Might sit on the DVD set for a while. Not a very popular show but last sold on Ebay recently for $25. Found a small RadioShack tinker toy. It's a small little box that makes explosion and laser sound effects. I figured since RadioShack is closing and this is a vintage little toy it'd be worth something. Sure enough when I looked it up quite a few had sold for $15, but there are currently only 2 on Ebay and both sellers are asking $4o! It's so nuts how the market can be controlled. The last time that textbook sold was a couple days ago for $80; nice profit to be made here. Last but not least is that lamp and I'm not selling it. 

 Believe it or not, this lamp was actually my favorite part about this haul. I've been looking for a nice office lamp at work. I was on the hunt for one of those nice green ones, but when I saw this I had to have it. It was the most expensive thing I bought that day as well. Super cool. Has dimmer setting too.

Believe it or not, this lamp was actually my favorite part about this haul. I've been looking for a nice office lamp at work. I was on the hunt for one of those nice green ones, but when I saw this I had to have it. It was the most expensive thing I bought that day as well. Super cool. Has dimmer setting too.

Goodwill Haul 3/10

This visit seems like forever ago and I decided to take a quick little video of this  haul AND the estate and garage sale haul noted below. Only problem was I ran out of memory before I could talk about the last two things. Boo. I figured I'd upload it anyway.

$3 – Pacman2 – want $25

$2 - Vintage Rangers Shirt – want $10

$5 - Guitar Hero Guitar Striker – want $15

$4 - Sony Walkman – want $20

$3 - Bamboo Graphic Design pad – want $20

Estate Sale 3/12

$10 - Panasonic Cassette Recorder – want $35

$25 - Life of John Taylor 1st Edition – want $300???

 To go against what I stated in my video regarding the Pacman2 game being the coolest things I've found, this First Edition book from 1892 surely beats it. I bought it at along with Paradise Lost (1879) but gave that book to another coworker because he loves English Classics. I bought Paradise Lost for $2 and this book for $25. I knew the book was old, and surely hand bound, but I had no idea of it's worth until I started researching. The book is the life of the 3rd founding president of the Mormon church. I listed it for $450 and not two hours late I got an offer for $250. I didn't take it because I looked on his Ebay profile and saw that he also sells books and has one exactly like it that he's trying to sell for $500. We'll see how this does. I'll probably be holding onto this for a while to be sure I get what it's worth for the church. I also kind of find it funny that I'm going to be making money for a Catholic Church off a Mormon book. Teehee.   Features gold leaf gilding on the page edges and in the front and back of the book. The book contains some cover bumps and scratches with some white spots. There is also a small section of separation in the binding.     Typical publisher's binding in pebbled leather. The gilt of the boards is impressed with a large stamp ("blocked"), and the binding itself is a fairly standard commercial one. The condition is actually better than you typically see except for the bumped and deformed corners of the boards.    Everything but the large center stamp appears similar to something that could be hand done.    But the large center tool on the front board would have cost a chunk of change to get carved just for this one binding. The spine hubs are done in a typical "publisher's" manner. The large tools in the corners of the front board are also very publisher-y, to coin a word. hand finished work is usually smaller scale.

To go against what I stated in my video regarding the Pacman2 game being the coolest things I've found, this First Edition book from 1892 surely beats it. I bought it at along with Paradise Lost (1879) but gave that book to another coworker because he loves English Classics. I bought Paradise Lost for $2 and this book for $25. I knew the book was old, and surely hand bound, but I had no idea of it's worth until I started researching. The book is the life of the 3rd founding president of the Mormon church. I listed it for $450 and not two hours late I got an offer for $250. I didn't take it because I looked on his Ebay profile and saw that he also sells books and has one exactly like it that he's trying to sell for $500. We'll see how this does. I'll probably be holding onto this for a while to be sure I get what it's worth for the church. I also kind of find it funny that I'm going to be making money for a Catholic Church off a Mormon book. Teehee.

Features gold leaf gilding on the page edges and in the front and back of the book. The book contains some cover bumps and scratches with some white spots. There is also a small section of separation in the binding. 

Typical publisher's binding in pebbled leather. The gilt of the boards is impressed with a large stamp ("blocked"), and the binding itself is a fairly standard commercial one. The condition is actually better than you typically see except for the bumped and deformed corners of the boards.

Everything but the large center stamp appears similar to something that could be hand done.

But the large center tool on the front board would have cost a chunk of change to get carved just for this one binding. The spine hubs are done in a typical "publisher's" manner. The large tools in the corners of the front board are also very publisher-y, to coin a word. hand finished work is usually smaller scale.

$3.5 - (7) Maxell Casette XLII 110 – want $35

$3 - (5) Maxell Casette XLII 100 – want $20

$4 - Sony HF 60, Memorex DBS 60, TDK SA-X 100, BASF Ferro Extra 90 – want $10

$1 - Maxell XR-Metal Hi8 60, GX-MP – want $7

 I won't show you all of the cassette tapes I got, I think you get the point. They're all new and still packaged. People are weird and like to collect old vintage electronics/recording devices and they want to use them thus demanding they get tape(s). These will probably sit for a while but, hey it's not bad for the investment I made. I actually might bundle some of the cheaper 60 minute tapes with the cassette recorder to make it sell quicker.

I won't show you all of the cassette tapes I got, I think you get the point. They're all new and still packaged. People are weird and like to collect old vintage electronics/recording devices and they want to use them thus demanding they get tape(s). These will probably sit for a while but, hey it's not bad for the investment I made. I actually might bundle some of the cheaper 60 minute tapes with the cassette recorder to make it sell quicker.

Garage Sale 3/13

$35 - Handycam DCR-HC48 w/ Stand – want $175

$2 - Washington Nationals Jersey – want $25

 RECENTLY SOLD!!!

Here are some of the things I've sold since the last post.

$30 – Akai GX-4000D Reel to Reel – Sold $126.63 - Profit $58

 Remember this Reel to Reel I bought? This was one of the first items I bought for LentFLip and I must confess that I got a little impatient with it. I took the time to fully test it and just wanted it gone. So, I did what every EBay idiot does and listed it for auction on EBay. I had had it up on fixed price for a while and just got tired of seeing it sit there. So I threw it up for a 5 day auction starting at $1. The guy got a great deal on it because he paid $100 + 28 shipping. The item has already arrived to the buyer in Florida and he's already contacted me and given me positive feedback on my Ebay Seller's store. Still a decent profit, but waiting could have paid off. Probably would have doubled it's selling price had I just kept it at a Buy It Now option. Oh, well, lesson learned.

Remember this Reel to Reel I bought? This was one of the first items I bought for LentFLip and I must confess that I got a little impatient with it. I took the time to fully test it and just wanted it gone. So, I did what every EBay idiot does and listed it for auction on EBay. I had had it up on fixed price for a while and just got tired of seeing it sit there. So I threw it up for a 5 day auction starting at $1. The guy got a great deal on it because he paid $100 + 28 shipping. The item has already arrived to the buyer in Florida and he's already contacted me and given me positive feedback on my Ebay Seller's store. Still a decent profit, but waiting could have paid off. Probably would have doubled it's selling price had I just kept it at a Buy It Now option. Oh, well, lesson learned.

$1.50 - Apple TV Remote – Sold $22 – Profit $16

I actually don't have any pictures of the remote. I think I must have just used the camera editor on the Ebay app thus not allowing it to upload to Dropbox. But I got this at Thrift Town and it sold in 2 days of listing it.

$4 – (4) Nerf Dart Clips – Sold $15 – Profit $6

 Finally sold those NERF clips I found at that estate sale a couple of posts back. I offered free shipping which ate into profits a little. Just put them in a bubble mailer and off they went. $6 profit.

Finally sold those NERF clips I found at that estate sale a couple of posts back. I offered free shipping which ate into profits a little. Just put them in a bubble mailer and off they went. $6 profit.

$62 – Yamaha PSR-500 Keyboard – Sold $128 – Profit $28

 This item came from the same estate sale where I bought the reel to reel. Profits on this was weren't substantial but the buyer got something that he's been looking for for a good price. These keyboards were awesome when they first came out in 1991 I think, and they're still great and collectible today. Profits weren't that great because I paid $63 for it. Don't know why I did it, maybe I was just eager to get some LentFlip inventory, for I had 0 inventory when I bought this.

This item came from the same estate sale where I bought the reel to reel. Profits on this was weren't substantial but the buyer got something that he's been looking for for a good price. These keyboards were awesome when they first came out in 1991 I think, and they're still great and collectible today. Profits weren't that great because I paid $63 for it. Don't know why I did it, maybe I was just eager to get some LentFlip inventory, for I had 0 inventory when I bought this.

Old Inventory:

$3 – Panasonic Microcassette Recorder RN-404 – want $20.

$6 – Vintage Shure Prologue 12H Microphone – want $20.

$2 – Foo Fighters T Shirt - want $10

$2 – Hipster T Shirt - want $15

$4 – Vintage St. Louis Cardinals Sweater - want $50-$75

$13 – Acer x183H 18.5” Monitor - want $50

$4 – Quick-Sorter Royal Sovereign CO-1000 - want $30

$6 – N64 console - want $15

$27 – Universal Wringer B381E - want $100

 

SOLD ITEMS!

$3 – Rockband Guitar - Sold $34.68 - Profit $21

$8 – Fast Sort Change Sorter FS-3D - Sold $63.59 - Profit $40

$5 – Nerf Stryfe - Sold $27 - Profit $12

$5 – Nerf Vulcan EBF-25 - Sold $50 - Profit $25

$27 – Wii Bundle – Sold $115 - Profit $63

$0.29 – Iowa Hawkeyes Beer Glass – Sold $8 - Profit $1.21

$1 – Pendleton Hat – Sold $30 - Profit $21

$30 – Akai GX-4000D Reel to Reel – Sold $126.63 - Profit $58

$1.50 - Apple TV Remote – Sold $22 – Profit $16

$4 – (4) Nerf Dart Clips – Sold $15 – Profit $6

$62 – Yamaha PSR-500 Keyboard – Sold $128 – Profit $28

 

I've sold 11 items and currently have 33 items in my inventory. Out of those 11 items I spent $153 of my own money and grossed $650. The fees for the items added up to $184.7. And I paid myself back $153 of my own money which has netted the church $291.20.

For my current inventory I've paid $200 and am expecting a gross potential income of around $1400.

Completed Listings: (11 of 44)

Current Profits to go to the Church:

$291.20 of pure profit (after fees, shipping, and reimbursing myself with the capitol I put up to buy the item) It took me 5 trips to collect the 11 inventory that sold. If it took me an hour to drive, buy, test, list, and ship, then my hourly wage would be $58.24. (291.20/5 trips = 58.24/hour).

As you can see, things take time to sell depending on what it is. We've been Lent for almost a month already and 11 completed listings is pretty decent for having bought the items in that time as well. You might be wondering if I have any inventory from prior to LentFlip starting and to answer your question, yes... yes I do. As a matter of fact I sold this subwoofer the same day as the Reel to Reel for $400. I paid $20 for it and after fees and shipping I pocketed $300. If I did my math right, that's a 1500% profit.This is what we call a homerun. 

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