Rob and Melissa Stephenson, from Flea Market Flipper, talk about 10 sales that led to over $20,000 in profit.
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10 Sales And Over $20,000 In Profit!
Rob: What's up, Pro Flippers? On today's episode, we are talking about our top 10 flips of last year that made us over $20,000.
Melissa: We're gonna go over what we sold, what the eBay fees were, what the shipping costs were, and of course, the profits.
Rob: All right guys, this is going to be a fun episode. We're talking about some of the flips last year that we did and the money that we made on them and give you guys all the details, how much they cost, how much eBay fees took out, what shipping was.
So we can give you guys a good idea of what is possible for you out there.
Melissa: Yeah. Each a year on social, like I try to do short videos of our top, you know, 10 or 20 flips. And I finally, I finally got them together for this year. So here's our top 10 flips. So we'll just kind of go through them. There were some interesting pieces I think to take away from a couple of them, some things that happen that maybe you might have to deal with and that we dealt with and that we came through, that hopefully it will help you, if you go through any of these things.
So.
Rob: Yes. Let's get started. And kicking off number one.
Melissa: All right. So we'll dive right in. It's actually number 10. I'm going backwards.
Rob: Kicking off number 10.
Melissa: So number 10 was the, which is going to kick off with an interesting one. Was
a 30 inch, the cooktop with the downdraft. Where'd you get that? Do you remember?
Rob: I don't recall right this second
Melissa: It was $40 that you paid for it.
Rob: Paid $40 for it. I don't recall where I got it from. I'd have to think about it for a minute, but we did sell this. So this is a cool story. We sold this. The, the actual, I shipped it in two boxes.
Melissa: Because it was the cooktop and the downdraft separate, right?
Rob: Telescopic downdraft. So it pops up and sucks the air out and goes down underneath the countertop, we sold this. The, the downdraft got a little bend in it, in shipping. So the guy said that his wife did not want him to keep it. He wanted to send it back. No big deal. We pay for insurance and it was covered under insurance.
So we sold this for a thousand dollars?
Melissa: A thousand dollars.
Rob: Sold this for a thousand dollars
Melissa: for the two of them.
Rob: For both of them together. So it was a 30 inch glass cooktop and the downdraft and then it got damaged. So I had insurance on it I had the insurance. I mean I had the company pick it up. I don't remember this FedEx or UPS I had them pick it up do the inspection and then we got our insurance money on this for $1,000, it was $1,200, wasn't it?
Including, okay, so it was $1,000, we got paid out for insurance, we got the items back, they did the inspection and returned it. There was nothing wrong with the actual cooktop. So we resold the cooktop.
Melissa: But he wanted to send them both back because they did they matched right?
Rob: He did. So that was the thing is he sent them both back.
The company did not take them. Sometimes they will actually take the units once they are damaged out, they did not take them. They did not keep them. Sometimes they will discard of them, but they sent them back to us, and instead of throwing them away or doing anything with it I sold the cooktop again and we got 500 bucks for the cooktop.
Melissa: $550, yeah.
Rob: $550 for the cooktop, once we sold the cooktop again. So we got the insurance money and then we resold it because they didn't want it. So we resold it and we still have the downdraft. I have not, relisted the downdraft, but I'm going to try to see if I can, it was just a small bend that it was not acceptable for him.
So I, It wasn't bad at all.
Melissa: It wasn't that bad. If you disclose it, if you relist it and disclose it, somebody will definitely want it.
Rob: Yeah, so we will end up doing that, but we haven't done that yet. So, so far on this deal, it was 1500 or 1600 bucks. What was the total?
Melissa: Well the total with the $550 plus the $1,000 minus the eBay fees and shipping costs was $1,372. So.
Rob: $1,372 in profit on this, which is pretty cool. A little bit of a weird story that we had with it. This doesn't always happen. Like I said, sometimes the carrier will keep the item. They'll discard of it. Sometimes they'll return it. It just depends on what they want to do with it, but it was damaged.
So we got our insurance money out of it. And then we resold the cooktop itself and made a little bit more money.
Melissa: That is something that people do worry about is items getting damaged. So, we ship a lot of stuff in boxes, a lot of stuff freight. Freight is typically safer to ship than in boxes, but getting insurance is super important on your items.
So that is something that we preach. The first $100 is covered, depending on what you're using, what shipping company or shipping thing you're using, the first hundred dollars is covered. And anything after that, you need to make sure that you are covered with insurance. So.
Rob: That's it, and well eBay so one extra caveat on that. eBay will only let you insure up to a thousand dollars. So anything that you sell over that which a lot of our items sell over a thousand dollars, if you're shipping it in a box, you actually have to go outside of eBay and create the label with, there's a couple different companies out there. But what we use is Pirate Ship.
Pirate Ship allows us to insure up to, I want to say $10,000. It might be over $10,000. We haven't done one. Yeah, but it will absolutely, I think, go up to $10,000. You can insure, pay extra money to have it insured for that. And then they have their own outside insurance company that does that. So, if you are selling stuff that's over $1,000, just know, eBay will not insure anymore. It used to be FedEx or UPS. One of them would let you go over $1,000, but now I think they're both capped at $1,000 and they won't allow you to insure it for anything over top of that.
Melissa: Pirate ship will. And then it's a third party that you have to go through, but we've had people do it and they've been able to, to get it done.
So absolutely. And nobody wants to deal with a damage claim, but to know that we, we were able to resell it, like, we didn't lose any money on it. We lost a little bit of time in the, you know, going back and forth. Yeah, it was a little bit of a headache. A little bit of got paid for our time! Exactly, so you got paid for your time.
So, no, those things can happen, but they also, you can get paid out as long as you're packaging properly, you have insurance, and do all the stuff. Steps in the right order. You should get paid out.
Rob: And that was a key because this was packaged properly the first time when it got damaged. So it was not our fault.
It was their fault, and they paid for it. And then like I said, if they would have kept it, we wouldn't have made that extra money, but we got paid extra for our time and effort of the whole hassle that it was, which is okay. All right. Bringing in number nine.
Melissa: Number nine is the, one of my finds, was the panini press.
Rob: This was really cool. So we found this at the flea market.
Melissa: 45 bucks.
Rob: And I was going to walk right past it and Melissa said, hey, let's check it out. And when I did, I found out that it was commercial. It looked like it was cheap to me, but Melissa said, look it up. So I did. And surprisingly enough, it was commercial.
It was in really, really good condition. So I think he was asking $50 for it. He was asking $50 for it. I offered him $40. We settled at $45, bought it. And then we sold it. They sold that thing super quick.
Melissa: Yeah. You sold it for $1,500, so cost of goods was $45. eBay fees were $197, shipping cost was $103, so total profit $1,155.
Rob: Are you kidding me? A $45 investment to make over $1,000. These are the ones that I absolutely love. Melissa gets all the credit on this one. She was the one who spotted it and told me to go back and buy it, and I did it. We made it $1,000, an easy 1k baby. 1g.
Melissa: And i normally tell you not to buy stuff. She does. But I'm like you have too much. Get more stuff listed,
Rob: but this one was cool couldn't pass it up. It was also in, went in a box. So we didn't have to ship this on a pallet actually went in a box. So cool cool all all around and great story on that
Melissa: And it went fast.
So.
Rob: Sold quick. No damage. Perfect. Great deal. Number eight.
Melissa: Number eight was 12 of the Absen holders.
This is
Rob: a gift that keeps on giving baby. This was a thing that we bought. We bought a whole bunch of led, led like commercial panels and a whole bunch of hardware that went with it. And I still have more of that hardware.
But for, I don't know how many times we sold. The sets of 12, right? And I've already made my money back 10 times over on the parts that we've sold. So we had to put a
Melissa: You haven't sold the screens yet, but you haven't really listed them.
Rob: No, they're not good. And to be honest with you, I don't really want to sell the screens.
They're so expensive and I want to keep them. I want to put them either in my warehouse, set them up with a huge screen or build a big arcade pac man or something. So I'm a big kid. I, I. I'm not really pushing that that hard, but the, the, the hardware that we bought with this whole package of deal, which altogether, we only spent, I think, $2,500 on that, which is a lot for this, but knowing what the cost of all this stuff together where you're talking $300-$400,000 that we got off of this deal that we only paid $2,500 bucks for.
And I've made this over tenfold, definitely just selling some of the hardware off, but back to the, these, we sold 12 of these. All they are are hardware that hang up LED panels. And I have a, I bought a couple of crates of these, when we actually got all the deals together. And what did we say we ended up figuring out we spent
Melissa: for cost?
Just five bucks. Yeah. Five bucks.
Rob: So five bucks each is I told Melissa to put that on. Like I said, we've already, and these are not. We probably spent a lot less than that because we got a lot of them.
Melissa: And we've already made our money back, but we just put, so that's $60 for the cost of the item. $60, cost of goods, how much did we sell them for?
$1,800. $1,800! And then eBay for 12 of them, not just one, 12 of them together. Are you selling them in 12 lots?
Rob: I'm doing them both. So I have them listed as a single unit and then I also am doing 12 because the last three people who bought these from us had bought 12 at a time. That's when I put them all together and did them as a a lot together. So when I did that, I think I sold three lots on top of that of these 12, the hardware the hardware to hang the panels.
Melissa: Alright, eBay fees were $197, shipping cost was $92, which brings the total profit to $1,451 on that transaction.
Rob: $1,400 in profit! I love it, I love it when we can make that kind of profit on these. Also, went in a box, very, very easy to package this up, and it was shipped with FedEx or UPS, but I did remember. I couldn't insure it for the full amount that we sold it for, so I had to ship it outside of FedEx or UPS outside of eBay, creating the label.
I actually had to use Pirate Ship to do this. So just be aware of that. Anything you're selling over a thousand dollars, typically you can't get the insurance. And we pay for insurance on every single thing that we ship, no matter if it's freight or if it's on FedEx, UPS, USPS if it's worth money. We do not want to self-insure we insure with the company.
So just so you know that.
Melissa: Even if you, and I've said this before, probably on the podcast too, if even if your item cannot physically get broken like a mattress pad that we sold on sleep numbers when we sold a whole bunch of sleep numbers. And we sold one it went in two boxes and we're like it can't break.
It's a $500 item. It can't break. It's fine. We don't need to get the extra insurance. They lost it And then we were out the money. So now, no matter what, if the item can break or not, we always get insurance. We learned the hard way. We had to lose 400 and some dollars to do that. One thing I wanted to add too when I'm saying the total price, we usually do free shipping, so I'm just subtracting the shipping from the total price.
Sometimes we do the item plus shipping and sometimes we do just the item with free shipping. So I just have that total in together because it's pretty much, we normally do free shipping and so that's normally just the total. But if we do that, I'll just add the shipping into that total. So just to let you know.
If wee
Rob: don't, we give you the price that it's sold for, including shipping, we deduct what ship, what we paid on shipping and the eBay fees.
Melissa: It just makes the numbers a little easier for totaling everything up.
Rob: Absolutely. All right. Number seven!
Melissa: Number seven is the same thing.
Rob: Woohoo! Twelve more. Same story. Same exact story. These actually sold for? They sold for $200 more. Yeah. So $2,000.
Yeah.
This might've been the first one that I did, that somebody had to add up singles, they bought them all 12 in a lot. And that's when the second one that we sold, I gave them a little bit of a discount because I put, I lumped 12 together.
Melissa: So I think they had just put like 12 in their cart versus.
Rob: Yes. So that might be the difference between this. I don't remember exactly, but that makes sense of that's why that one happened that way.
So sold them for $2,000. Still cost a good 60 bucks, everything else the same. Profit a little bit more on this
Melissa: eBay fees were $215 cause it was a little higher, a little bit higher on fees and shipping was like $8 more. So $100. So total profit was $1,625,
Rob: $1,625. And these, like I said, these were not that big, very, very easy to package up and ship. And the buyers were super, super happy with these. So killer killer deal on that. Let's go to number six, running out of time here. We got to get through all these number six. What was it?
Melissa: The wolf, wolf built in oven. So, I remember picking this one up.
Rob: This one was cool. I, I was actually doing a training, showing people how to source.
We sourced this in our local area. What did I pay for this?
Melissa: $150.
Rob: Paid 150 bucks for this. Went and picked it up.
Melissa: You were sourcing in our area and you're like. I should go get this.
Rob: It was, so I made the offer on it, offered $150. The guy wrote back and said, yes, we actually went, picked it up, sold it really, really quickly on this. It was a built in single oven. Super nice. Cool thing is the guy who bought this was local and he spent, he spent $2,000 on this, came and picked it up, met us, picked it up, and was taking it back up to, yeah. He lived out in the country up north of us. But anyways, came, picked it up, sold it for $2,000, $150, $2,000.
We didn't have any shipping fees on this, only the eBay fees on this. And what was it?
Melissa: eBay fees were $264, cost of goods $150. So $1,586.
Over
Rob: $1,500 in this, which was pretty cool because I was doing a sourcing training, found this, and did the whole process, for
Melissa: That's one bad thing about when you get excited about doing sourcing.
Yeah, love it, love it. Absolutely love it! It's not a bad thing. It made us money. It's good. It was all good. And it was fast, too. Number five! So, I think this one's pretty cool because I remember we got it on, one of our road trips. It was the Viking white convection oven. Yep. You picked it up for next to nothing.
It was 40 bucks because it looked I mean, it's older! How old is this thing?
Rob: It definitely is probably 40 years old, at least.
Melissa: And people always are telling us like, you're, how are you selling the old appliances? It's because they last and they work. They were built to last and people still love them. And they just last so much longer than the new stuff that they put out there.
Rob: So they do. So this one is cool. When we pulled up at this guy's house, he was out in the country. He was willing to just give it to me. He said here. Just take it. You're taking it out of my garage. I don't need it anymore. Take it for free. And I was like, no, no, no, no. I'll give you what you're asking for it.
I know I'm going to make money on this. So I'll give you what you're asking for it. I think he was asking, what was it? 20 bucks. 40 bucks. He was asking 40 bucks. I gave him two 20s. And we put it in the back of the trailer and it was on our way home. Like Melissa said from road trip. Sold this bad boy, $2250, $2250, $40 into $2250.
And this one actually did go on a pallet. It didn't go in a box.
Melissa: It was a small pallet.
Rob: It was very small. A little bit heavier, but still perfectly manageable. I was able to move it around myself. I'm not, not super crazy on anything like that. So, what was the cost on this?
Melissa: $40. eBay fees were $297.
You did have a promotion on it for $48. You probably did that at the end. I think this was the only one that you did a promotion on. Shipping cost was $205, which brings a total to $1,660.
Rob: $1,600 in profit from a $40. Guys, remember. I'm only going out $40 on this before I pay all the extra fees, $40 and over $1,500 in profit.
That's just amazing to me. It's amazing that we can actually do this and make that kind of profit on a single item. So it's so cool.
Melissa: The biggest thing is that like that guy's going to give it to you because he wants it out of his space and that happens more times than you think. So many people just want this stuff gone.
They don't want to mess with it. And if you're willing to learn the skills to list it and ship it, you can't, like the profit is there is, you know, and there it's going to always be there. People are always getting rid of these kinds of things. So anyways, just a little, a side note, number four was the power scooter.
Rob: Power scooter. We sold the power chair. The power scooter, the power scooter. This one was cool. I got this from one of my contacts at the flea market. He called me up and said, Hey, I just got this. We got it. This is a little bit of a unique story as well. So we sold it on eBay. The problem was, there was something, it needed something, small part on it. We sold on eBay and I think I sold it for like $4,500, $4, 000, somewhere in that. I messaged the guy afterwards when I was packaging it up, something happened and it was, it needed a part. I messaged him and said, Hey, I'm going to give you a refund. We've refunded the money, and he said, Hey, would you sell it to me as is?
And I will fix it when it comes up here. And I said, absolutely. I think what do we, 20$2,500. I agreed on $2,500. We sold it to him for $2,500 and then I shipped it up to him and he took care of fixing it himself. So like I said, it's a little bit different deal on this, but we still sold it. Paid, what did I pay for this?
Melissa: $200.
Rob: Paid $200, turned it into $2,500. Then after the fees and shipping, all that on top of it?
Melissa: It was actually PayPal fees. It was $87 and shipping cost was $170. Total $2,043
Rob: still $2,000 in profit. And that's what I love. We spent 200 bucks on it. We 10X'd our investment, for $2,000. That's the cool part.
Melissa: It was a little disappointing that it didn't work.
Cause you just got like, you wouldn't have lost almost $2,000, but it's okay.
Rob: Still made really, really good money on it, which I'm always excited to make that. And I was surprised that the guy, but he knew about these scooters. He knew them very well. So he wanted it, as is, once it wasn't working. Cause I was upfront with him.
I told him exactly what was going on through the whole and be, be upfront with your people too. I was upfront with the whole thing, the whole time telling him, Hey, it's having an issue. This is what's going on with it. This is what the dealer is telling me that it needs and all that kind of stuff.
And he's like, yeah, don't worry about it. Ship it up here and I'll take care of it. So we sold that one made over 2000 bucks on it. Love it when we can make that kind of money.
Melissa: Yeah. I thought of something I wanted to say. Okay. Nice. Forget it. I'll think of it in a minute. So number three, number three,
Rob: another power chair, power chair.
So this one actually was a wheelchair. The other one was like a power scooter. You sit down on, you got the handlebars on it, for a mobile scooter. This one is actually a wheelchair that you sit in, but it was a power quantum,
You
Melissa: picked this one up on a training too. You were sourcing and you were doing these trainings, you were doing a training and you found it like, Oh, we should go get it.
So we went and got it and this lady who bought it was super grateful. Do you remember her? I do.
Rob: She was super, super nice. Super, a super, super nice lady. I don't.
Melissa: You actually spent more money on shipping because you were trying to help her to get I did. Straight to her house.
Rob: Yeah. And I felt that way because even on this one I think I said it needed to go to a commercial address, but I wanted to be nice to her. I knew it was a wheelchair and I knew she probably needed it at her house. So we actually
Melissa: And you shipped it as fast as possible.
Rob: I did, I shipped it out really quickly. So something cool about this, this is another little side note to this. And I was a little bit worried about this. The lady that I bought this from, when I got it, it smelt like cigarette smoke really, really bad. That was almost a turnaround. It was. And I felt bad because I had already told the lady that I offered her money for it. I got there and I didn't want to back out on the deal that I offered her. So it was kind of catch 22. I knew she needed the money.
Melissa: Because we tell people to walk away when you need to walk away.
We do.
Rob: And I was hoping that I could get the smell out. I tried a couple different things, couldn't get it out. But you know what actually worked? And I'm going to tell you guys, this was the trick. If you can do this for anything that has a cigarette smoke, smell on it. What I did was I went and bought a big, from U Haul, a big mattress bag, and what I did was I drove the, the power wheelchair into the mattress bag while it was open, and then I put tons and tons of baking soda.
I think I bought one of those bags of baking soda, sprinkled it all over the chair, all around there, and then I sealed the mattress bag up because they zip up and they seal it, and I left it that way for a week or two. It took all the smoke, cigarette smoke, off of it. The lady didn't complain about it either, and I knew it, because I actually, put it into my trailer, and you know cigarette smoke, if you enclose it into something, you can smell it.
This one, I, after I cleaned it, got it all done, put it in the trailer, once we listed it, there was no cigarette smoke on it whatsoever. So just a little tip if you do run into something like that for this it worked great for me I was able to do it. And we got some good money out of this. What did we so we paid?
Melissa: So we paid, $250 for it? $250 is what we paid off of , put a little bit of elbow grease into it to get the smoke smell out. Yeah, but it really just sat I mean you put it in and sat, and we sold it for $2,500. Yep, eBay fees were $314 your shipping costs were $437. So your total was $1,499. So $1,499.
Rob: Still almost $1,500 on a $250 investment.
Love it. Love it when we can make that kind of money. But still, this whole process was cool. I, I helped a lady out who was trying to get rid of it. We also got it to this lady's house who really, really needed it. And she told me, the cool thing about this story was, I remember what she told me. She said she was renting one and hers didn't lift the seat up. She said she needed this really, really bad. This was the only one that she was able to afford because they're so expensive. So she was very, very excited about that. And when she told me that she said, I'm in one that I feel not safe in right now because it won't raise up and I need it to, I got to shift out like within a day or two.
So I can get it. It's not, I hold off on that.
Melissa: You normally take the whole time to ship it, but you're like, I got to get this to this lady.
Rob: So it was a cool story overall. It was very, we were able to help. And I feel like it was a, yeah, overall a great deal on both sides. I think that was really cool. So, all right.
Melissa: Number two, number two is another story.
The Kenmore elite.
Rob: Oh yeah. This is a crazy one.
Melissa: This is one that we picked up. So I remember picking it up from the keys. So we go to the keys for lobsters almost every year when we can. It's a fun family vacation for us. You've been doing it for 20 years.
Rob: If you've listened to the podcast, we actually told the story about this one.
Melissa: But we also like to go pick up something on the road. So every time we go, it's a common trend that we're going to go try to find something to flip to help pay for the trip. And it's, you know, it's fun. It's makes it a game a little bit for you. So he picked up this Kenmore Elite range. What is it?
Range. So funny. So it's a nice, nice range.
Rob: Melissa took pictures when we got it and people were like, you're crazy, you'll never sell that for $2,000 and all this crazy stuff.
Melissa: And it sold for $3,400.
Rob: Sold it for $3,400, which is awesome. I don't know, was that including shipping? I think it was including. So $3,000 and $400 for shipping.
I think that's what I charged.
Melissa: Cost of goods, we paid $120 for it. So I sold it for $34. You had to clean it up a little bit. Usually that kind of stuff needs a little bit of elbow grease and clean it up. But for that profit, I mean, eBay fees were $334, shipment cost was $387. Which brought the profit to $2,564,
Rob: which is cool.
But so this one got delivered, and it was damaged. This is our first and only ever shipment
Melissa: knock on wood, but
Rob: only ever shipment that got damaged in freight because this actually went freight. So this is the only one we ever did. But guess what with our freight broker, we're able to insure used items for full price, which was awesome. So it got damaged. The guy who got it,
Melissa: full price of what we're selling it for.
Rob: Exactly price, exactly plus shipping costs plus boxing and all that kind of stuff.
So this was insured for four thousand dollars to cover my shipping costs, cover my palleting and all this stuff that I did to it, with extra 600 bucks on it, is what I insured it for, $4,000. Guess what? The guy got it. It was damaged. Somebody actually slid a fork above the pallet and damaged the bottom drawer, and it's an older unit.
This is not something, it's probably 20 years old, not something that's easy to get parts for it. So the guy said he wanted to return it. I, I did an insurance claim, they sent it back to me and gave me my $4,000 for the full sale, and the money that I spent on shipping and palleting and all that stuff.
So we got a check from the insurance company for $4,000. I still have this unit. It's sitting at my shop and I haven't done anything else with it. But I probably can make a little bit more money off of some of the parts, from the unit.
Melissa: You could sell it as is with the dent.
I
Rob: might be able to. It messed up the drawer on the bottom. So I might be able to do it, as a full unit and sell it to somebody.
Cause this is definitely a specialty unit. Somebody might want it and try to repair it themselves. I haven't decided what I'm gonna do with this. So it's just sitting at the shop right now. I'll figure out what to do with it. Whether I do parts or whatever. But we still the, the moral of the story is we insured it and we got our money covered on this.
And the insurance company didn't keep it either. Again, they returned it to us. They have all the rights if they want to keep it and discard of it, they can. They didn't do that with this. They'd send it back to us. So I, I mean, I feel better than actually just throwing it away. If I can pull some parts off that somebody else can use, we'll sell a couple more parts on it before we actually get it ready or scrap it or do whatever we're going to do with it.
So still total profit on this was. $2,500. After everything said and done, it was a little bit more of a headache,
Melissa: more though, because you didn't, you got covered for your eBay fees so you really got a $4,000 payout. Yes. $4,000. The $120 that you paid for the item plus a little bit of time.
Rob: That was the biggest thing is it's a little bit of time, but with my broker, my broker for freight shipping, he took over all this stuff.
All I did is give him the information. He went to bat for me, got it all taken care of, got all the insurance, got me the check very, very quickly, which that's huge. It's huge in this business to have somebody like that, that you can depend on. So.
Melissa: I will say like the stuff in freight, like we've been shipping freight for 10 years now and it does, like this was our first knock on wood for a damage in freight.
The reason why that is is because a person cannot physically pick up a pallet. It's only by a machine. So the machine picks it up. and sets it down. Of course, things can happen. Like things fall on something in the truck or something, but typically something gets damaged in a box because it's too heavy for somebody to lift and they drop it or they don't care and they throw it.
You've seen the videos online, they throw the item, it gets damaged. So a person can't physically pick up a pallet and they don't touch it. So that's why typically it's a lot safer way to ship.
Rob: Absolutely. Absolutely.
Melissa: All right.
Rob: Brings us to number one. Number one was the dishwasher, the dishwasher, commercial dishwasher.
So cool. Another road trip that we got this thing on coming back. Actually, we're at my sister's, my sister's property in Georgia. I'm coming back from that and I always am looking why we're on the road to see what I can find, how I can pay for a trip. This one definitely well overpaid for the trip, which is pretty cool.
So we found a commercial dishwasher. I found it, went out, offered the guy, I don't remember what he's asking for, but offered him $350. He was excited about that. The cool thing about this is this guy did this. He sold, this equipment, this commercial equipment.
Melissa: But he only sold locally, didn't he?
Rob: He powered the thing up for me.
Yeah, he only sold locally. He powered it up, showed me that there was nothing wrong with it, that it was actually working. He took it, physically himself, took it out of the, the place. I think it came from the commercial dishwasher. Yeah, very big commercial dishwasher, so he actually, showed me that it worked.
He actually loaded it in the back of our truck with a forklift, so we're able to bring it back paid $350 for it. Sold it for?
Melissa: $6,000.
Rob: Six grand on this. I think I actually sent offers on this one. I think I sent it less I think I had it listed for a little bit more. I sent an offer and then drummed up the sale that way but. And then we shipped this bad boy out.
This actually did go on a pallet as well. What was the total cost and?
Melissa: eBay fees were $401, shipping cost was $533. Which brings a total profit to $4,696.
Rob: Are you kidding me? A $350 investment.
So you guys remember remember this again, I'm spending three hundred fifty dollars. I don't have to pay any of the eBay fees I don't have to pay any of the shipping. I don't have to pay anything. Three hundred fifty dollars, that's all out of my pocket to make over $4,500 in profit on this, which is just amazing.
It's amazing that we are able to do this business and be able to make profits like $1,000, $2,000, $4,000. It's just amazing to be able to do that. So even a little sneak peek, we just sold something today that the profit on it is going to blow your mind. And it's going to be like over $8,000 on a hundred hundred dollar investment.
We'll talk about that one at a later time.
Melissa: The worst part is this morning we were on a walk and I heard the cha ching and I'm like, oh, go see what you sold. And he's like, what? What'd you hear? And I'm like, how do you not hear that? It's a cha ching. I missed it. I can't hear it anymore. You missed the cha ching.
So we'll talk about that one very soon.
Rob: But that has nothing to do with this. This dishwasher is still a killer, killer deal. Over $4,500 for a $350 investment. Love it when we're able to do that. It's so much fun.
Melissa: I wanted to say too, so all of these items were over $1,000. Many of them over $2,000 and the only one that you couldn't pick up with, just a dolly would be the dishwasher.
Absolutely. Everything else was movable. Everything else was movable by yourself and a dolly. Yep. And did not require any extra equipment. Nope. Just the dishwasher was the only thing that was heavier, that was big.
Rob: Even that thing that I sold today for over $8,000 in profit, I do not need a forklift. I don't need anything crazy to move it around.
That's the cool thing about this business is if there's a will there's a way if you're willing to learn how to really Learn the skill set of finding these items flipping these items being able to ship these items You can really change the trajectory of your finances. You can totally start making some serious serious money I mean, we're showing you ten items for over $20,000 And you can do it too.
That's the cool part.
Melissa: And if you'd like to learn more about our business model, you can check out our free workshop in the link in the show notes. And we'll kind of dive into how we make this business work and how we've really honed in on just these higher profit items to make us. The larger profits each each sale.
So I wanted to also go through the total sales and the total. So our total sales for 10 items our top 10 items of last year was $26,100. So and total this is the coolest thing is total cost of goods was thirteen hundred fifteen dollars.
Rob: So we only had to go out of pocket go
Melissa: out of pocket thirteen hundred to make twenty six thousand dollars in sales. But sales is not the important part.
So sales, of course, it's important, but I cannot see them when I just see sales, like it drives me insane. So, so many people do it in the digital marketing, like, oh, I made a million dollars, but what was your expenses? You sold, you, your expenses were $995,000. So it's like, no, you didn't make a million dollars.
But so total profit from that $26,000 was $21,087. So, I mean, that is huge profit margins. And that is what really that really drives your business. So
Rob: those are the two numbers that matter thirteen hundred dollars spent to make over $20,000 in profit on these ten items, which is insane! It's so cool that we're able to do this.
Melissa: Yeah, so that is our top 10 items of last year. It took us a little while to get this stuff out. We are getting into the groove. We are excited about this year. We're just about in the second quarter. I think we are in the second quarter. It's coming up soon. So yeah, so we're, we're excited.
Rob: You guys are awesome.
Have an amazing day and we'll see you on the next episode!