I have yet to reach or come even close to surpassing my 4,000% profit margin with a FAKE diamond wedding ring set I got for $1 and sold for $40. But, this weekends 1,600% profit margin on a beautiful white Hutch wasn’t too shabby.
You might remember this hutch. I got it about six weeks ago for $25 and had it posted on craigslist for $225. After storing it mom and dad’s house for a few weeks, I finally moved it home and stored it in my kitchen. It just so happened that I really liked the extra usable space of the hutch and thought that it looked great in the kitchen. So, I opted to keep it…well, that is, raise the price…a lot…so that it wouldn’t sell. That night, I re-posted it for $425.
This week, though I received a call from an interested buyer and after four days of negotiating the price, I agreed to deliver the hutch to her in Granada Hills for $400. The only reason I was willing to deliver (in the pouring rain, by the way) was because it was on the way to my already scheduled weekend destination of Thousand Oaks.
Sold for $400
Sold for $40
Not just handed down once, but handed down twice! Both pairs of these girls shoes sold for $4.99 with the added cost of shipping at $4.25. Had I not sold them on ebay, they would have been tossed out.
Paid $1 at a garage sale and bought six of them. I’ve sold three of them on ebay for anywhere between $5.00 and $7.50. Not a ton of money, but my $5 ebay profits are adding up to between $50 and $75 per week!