week 10 of the money mental earnings challenge – the start of month three

week 10 of the money mental earnings challenge – the start of month three

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Hello all! And a happy New Year to you!. So another week has passed and we’re now into the start of new month in the earning challenge! For those of you are unfamiliar with the challenge and what I’m trying to achieve you may want to start off by reading this post here.

The target is to make £430 a month to cover the costs of my car loan, car insurance, and road tax. Each week I will be reporting on my progress towards this monthly challenge. I’ll be using a variety of different sources to earn money details of which I’ve written about in this post here.

If you want to see how I did in the last week of the challenge you can find out by clicking here

Each week I’ll give a breakdown of what I’ve earned and how I’ve earned it before. As previously mentioned my main source of income to support the challenge will be buying and selling goods on eBay so for reporting purposes I will include details of what items I sold on eBay, how much it cost me, how much I sold it for and how much profit I made after fees. The last figure will be rounded down to the nearest 50p for ease.

So without further ado here’s week 10!

eBay:

Chilled Ibiza CD – Cost £0.33 from a charity shop, sold for £4.69 including shipping. Total profit after fees: £2

Yorkshire Tea hand painted teddies – Cost £2 from a car boot sale, sold for £15 including shipping. Total profit after fees: £8

Amerzone big box PC Game – Cost £1 as part of a bundle on eBay, sold for £10 including shipping. Total profit after fees: £4.50 (this one went off to the games developers at Ubisoft!)

Revell Messerschmitt Bubble Car model – Cost £5 from eBay, sold for £27.49 including shipping. Total profit after fees: £16

Marvel Fantastic Four The Thing figure – Cost £0.25 as part of a bundle of figures, sold for £16.50 including shipping. Total profit after fees: £11 (the first figure I’ve listed from this bundle and I’m in profit on the total cost of the bundle already!)

Grand Theft Auto III PC Game – Cost £0.10 from a house clearance shop, sold for £6.49 including shipping. Total profit after fees: £3.50 (This was up on a 10% off sale as I’ve been experimenting with running sales).

Men’s blue Superdry T-shirt Size Small – Cost £2 from a charity shop, sold for £11.50 including shipping. Total profit after fees: £5

Hostile Waters PC Game – Cost £0.10 from a house clearance shop, sold for £4including shipping. Total profit after fees: £1.50

The Wombles VHS picked up as part of a bundle from another reseller, cost £0.05, sold for £11.49 including shipping. Total profit after fees £6.50

WWE Jeff Hardy Zombie figure – cost £4.99 from Home Bargains, sold for £19.49 including shipping. Total profit after fees £9

Charlie and the Chocolate Factory board game – Cost £1.49 from a charity shop, sold for £9 including shipping. Total profit after fees: £3

Really Nasty Horse Racing Game – Cost £2.49 from a charity shop, sold for £18.99 including shipping. Total profit after fees: £11

Pokemon Sleeping Cyndaquil plush – cost £5.99 from Home Bargains, sold for £19.49 including shipping. Total profit after fees £8.50

Waddingtons Cluedo Game – Cost £1.99 from a charity shop, sold for £16.49 including shipping. Total profit after fees: £9

Xbox Scene It game and buzzers brand new in box – Cost £5 from a charity shop, sold for £18.50 including shipping. Total profit after fees: £8 (had this one for ages and had turned down an offer of £10 before Christmas so I was glad to see it go for a reasonable profit).

Therapy board game – Cost £1.99 from a charity shop, sold for £18.99 including shipping. Total profit after fees: £11.50

Combat flight simulator 3 PC game – Cost £0.10 from a house clearance shop, sold for £5.99 including shipping. Total profit after fees £3.50  (weighed under 100 grams so shipped it cheap).

Assasins Creed Desert Oath book – Cost £0.33 from a charity shop, sold for £4.75 including shipping. Total profit after fees: £1 (I think I’ll stay away from books in the future as there’s not much profit in them).

Bop it XT – Cost £1.49 from a charity shop, sold for £16.49 including shipping. Total profit after fees: £9.50 (this one went abroad via eBay’s Global Shipping Programme so there’s clearly an overseas market for these!)

Omrom M3 Comfort blood pressure monitor – bought from a car boot sale for £10, sold for £24 including shipping. Total profit after fees: £8 (bought this in the morning, listed it in the afternoon and it had sold within two hours so very happy with this!).

Total eBay income: £140 – a good start to the month. I think January will be tough on eBay so I’m happy to have earned this. I had to work hard for it though as I’m now at the highest number of items listed I’ve ever had!

Facebook:

Lord of the rings board game and Hobbit board game – paid £5.98 for the two, sold for £23 with the buyer collecting. Total profit after fees £17.02. (I had my wallet stolen on New Year’s Eve so had to raise funds to replace my losses, therefore sold these via Facebook rather than eBay and actually made a bigger profit as a result!).

Total Facebook income £23

Other income: 

No income received from other sources this week.

Week 10 total income: £163

Not a bad start to the month and one that’s surprised me as January has felt particularly slow so far on eBay. I’ve been lucky with some of the retail arbitrage I’ve done this month so far and board games have been doing well for me so perhaps January isn’t going to be as bad as I feared!

If you’ve enjoyed reading this post why not take a look at the Geordie Grandma’s blog? She posts regular updates on her eBay sales including one that you can find by clicking here.

Thanks for reading.

Andrew

 

 

 

 

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