Check out our FREE Workshop: https://courses.fleamarketflipper.com/flipper-university-workshop-webinar
You can find us at: https://fleamarketflipper.com/
Reseller Hangout Podcast - Rob & Melissa on January’s Sales
Rob: What's up, guys? Today, we're talking about what we sold last month to make $2,433 in sales.
Melissa: And just three items.
Rob: That's right.
Rob: All right, guys. So three items were sold in January. That is what got us to $2,433 in sales. So do you guys want to know what they were and a little bit more about them?
Let's do it.
Melissa: We'll dive into those in just a minute. But I wanted to talk a little bit about income reports.
So we started doing income reports on our blog in 2015. Cause we would watch some other bloggers do them, like for when they're blogging and what they like, where their different money was coming from. And it was inspiring. And so we started doing them and showing what we were flipping, like what items we're selling and whatnot.
So we started doing them and then we stopped for a while and then people were asking us again to do them. So we started them back up. And we don't want to just give you the big months. So January was not a huge month for us, but we need to give you the small months too.
Rob: That's right. And it's more of when we would see other people do it, it's not, we're not coming from a point of bragging. You can see three items. I mean, it's decent three items' sales and low hours into it. But at the same point, it gives people hope of the potential. So maybe you're flipping right now and you're only making, you know, $200 a month maybe you're making $500 a month. We want to show you guys of what the potential is for flipping, for this flipping game when you really hone in on your skills and get good at what you're doing.
Melissa: Don't compare yourself to others, especially if you're just starting. Don't compare your journey, like compare yourself to yourself. Like if you can be better than last week, better than yesterday, like that's where you want to keep growing.
Rob: Absolutely.
Melissa: So let's dive in.
Rob: We've got three items in the mix of last month. Two of them went FedEx, FedEx UPS, so medium, medium to small sized boxes and then one actually went freight.
Melissa: All right. So the first one that we sold was our biggest sale. It was the knee rehab thing.
Rob: The first sale of the year was the knee rehab.
So this was a rehab unit that you actually laid on the ground, put your knee into it. And it actually, it had motion on your knee and would move it up and down and stuff like that. So, picked this up from the flea market a couple of weeks prior, paid, this is actually kind of cool, a cool story, but we paid $60 for it.
And then after that, we got it listed. And I looked at the comps before I bought it and saw that the comps were around $700, anywhere from $400 to $700. Once I got home, I realized that those comps were a little bit low and I decided that I would ask more than that for it. So we actually asked, I think I listed it on there for $1,800 or $1,900 because the retail on this was closer to $3,000. So we try to get down and I knew somebody who would offer me less money for it. And that's what we did. We took an offer on this, or I shot an offer out when somebody was watching it for $1,600 including shipping and that was our first sale of the year.
Melissa: So it's a good one. And it went FedEx, it didn't have to go freight.
Rob: Exactly. We did the video on that. I mean, the boxing on that, and it did go into, I would call it a medium sized box, but still, yeah. We had to pay a little bit extra on this. The gentleman told me before he actually accepted the offer that he needed it in four days. He was starting a rehab or something like that and asked if I could do that if he purchased it that very minute.
And I wrote back and said, absolutely, I can do a two-day shipping on it. Not knowing how much it was going to be, but no matter what, I mean, if I hadn't done the two day shipping, I probably could have saved $50 or $60.
But when you got that much money in profit, I don't mind doing stuff like that for the buyers when they really do need it fast. So we paid $91 in shipping. And that also included, I think that was a $20 fee for insurance, which if you guys are not buying insurance, when you're shipping stuff, absolutely do it.
If something happens to the item, you want it to be covered and you don't want.
Melissa: It's only a couple dollars for.
Rob: Well, this was an inexpensive one. So we paid an extra $20 for shipping. So that's one of those things you definitely want to be doing. So all said and done. Did you total these up?
Melissa: We had $204 in eBay fees. So $91 in shipping. Total profit was $1,245.
Rob: So $1,245, which is awesome for a $60 sale.
Melissa: You got it from the flea market right?
Rob: We did. That's why we like to focus on those higher profit items. And this one didn't even go freight. So it wasn't really that bad.
Melissa: And it sold fairly quickly too. That was a couple of weeks. So some of those bigger ones don't always sell that quick.
Rob: Nope. It sold pretty quick because it was a hot item.
And when I did the research on it, I knew that too, there's only one other one listed in there. All the ones that were listed were, had been sold. So, killer deal for that. Awesome.
Melissa: All right. The next one is the glass cup.
Rob: Two. The glass cup.
Melissa: I thought you like sold a glassware, a glass, coffee cup, or drinking cup.
Rob: A glass cup, this is actually for people who were in the glass business, installing glass storefront, stuff like that, windows. It is actually they call it a cup that goes onto the window. You pump it up, to get suction on that. And then you can get leverage for picking it up. I think they pick up like 500, 700 pounds. I don't know exactly, but they're made to pick up heavy, heavy pieces of glass. Bought that from the flea market as well paid I think I paid $10 for that.
Melissa: Yes.
Rob: $10 for that had that one for awhile listed it. It was like brand spanking new, but I had it for awhile listed it. And then we sold it for $85 bucks. That one cost me a little bit to ship. It was a larger thing.
Melissa: $25 to ship.
Rob: So a little bit higher than I had expected, but it also went all the way across the country.
So sometimes that happens. Total profits on that one weren't spectacular.
Melissa: Your fees were $10. Your total profit was $40.
Rob: $40, not spectacular, but it moved. It moved the needle. So no, no really big profit on that, but that's okay. And then number three for sales.
Melissa: Was the metal box.
Rob: The metal breaker, this was a type of meter or breaker box, purchased about 40 of these a while back.
Had them listed. Retail on these were like $1,500 to $2,000, sold this one for, was it $700?
Melissa: $748.
Rob: $748 including shipping, or did I charge extra for shipping?
Melissa: No, including shipping.
Rob: So including shipping on that. So $750 roughly. And we had to pay, this one actually went on a pallet.
Melissa: We only had $10 invested into it.
Rob: Because I bought so many of them.
I got them super, super cheap. So $10 invested sold for $750. $750 is what we sold it for, including shipping. So, and then I had to pay a little bit more on shipping on this because, our freight company right now that we typically deal with is going through some COVID issues so I had to pay more for this, cost me $247.
Yeah, $247 for shipping on that. So total profits on the metal box?
Melissa: $405.
Rob: Still for a $10 investment, to be able to make $405 killer, killer deal. None of these were crazy, crazy hours invested into it. Fairly, fairly quick to do all of these. I would be surprised if we had over 10 hours invested in all three of these, and still to make that kind of money for January, that's awesome.
That was definitely a good month. It's not one of our, you know, record breaking, shattering months anything like that, but still for the amount of time we had invested in it, we still made a little bit of money out of it. So it was pretty cool.
Melissa: So total sales were $2,433. Cost of goods sold was $80. Fees were $307. Shipping, $356. And total profit was $1,690.
So one thing that is cool about that, like, so we put $80 in to make that, so your fees and your shipping come out after, so you've already made the money.
You don't have to pay them up front. So our only upfront fee was $80, which is pretty cool.
Rob: A lot of people get hung up on our fees.
How much did we pay eBay out of that?
Melissa: $307.
Rob: So we paid $307 for these items, which was more than our cost of the items themselves. But you got to look at these items. You cannot sell a lot of these items in your local market. You can, but you're not gonna be able to get the prices that you want for them.
That is why we do sell on eBay because we can reach or reach a bigger audience, to be able to offer these items that are going to be much more desirable and that people will pay more of what they're worth on a bigger audience. So, that $300 in fees is not the most fun fees to pay for, but at the same time, when you can reach that amount of people that eBay allows you to, sometimes you just have to suck it up. Suck it up, buttercup and sell it.
That's the biggest thing. So that's why we use eBay.
Melissa: So I did want to also say, so this is the first month of the year. So we've got a little ways to go to hit my goal of a hundred thousand. I know it's my goal. I really want us to hit it. Last year, we kept tally of everything that we did. We kinda gave updates as we went.
My goal was a hundred thousand. We came shy with $90,000, but we got to hit it this year. So we gotta, we gotta do it. We broke down that whole thing of last year on episode 24. So if you guys want to check that out, we break down all of our sales, cost of goods fees, and profits. Everybody wants to know the profits.
So yeah, so that's episode 24.
Rob: Awesome. Go check it out if you have not heard it yet. And then we will see you guys.
Melissa: Have a good one!
Rob: Later!