Week 13 of the money mental earnings challenge – have I hit my target?

Week 13 of the money mental earnings challenge – have I hit my target?

Spread the love

Hello readers! And welcome to week 13 of the money mental earnings challenge! This week sees a return to form on the sales front. But after a poor month for sales have I hit my target? Read on to find out.

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.

eBay:

Revell 1:72 Avro Lancaster Model Aircraft – Cost £3.50 from a charity shop, sold for £24 including shipping. Total profit after fees £9.50 (this was my first ever international sale so the cost of shipping was higher than normal).

Reign of Fire ex-rental video – cost £0.05 as part of a bundle of videos I picked up from another reseller (which I’m well into profit on), sold for £10.49 including shipping. Total profit after fees £3

George A Romeos Trilogy of the dead DVD collection – Cost £0.50 from a charity shop, sold for £7.50 including shipping. Total profit after fees £2.50

Metal Gear Solid 2 sons of liberty – cost £0.10 from a house clearance shop (they sell 50 games for £5), sold for £8.09 including shipping. Total profit after fees £3. (Another international sale).

Hello Kitty Battery operated train set – cost £1 from a charity shop, sold for £11.99 including shipping. Total profit after fees £6.

Disney the 7 dwarfs mug set – cost £3 from Primark, sold for £12.99 including shipping. Total profit after fees £5.

Harry Potter and the deathly hallows sealed bluray – came free from freegle, sold for £5 including shipping. Total profit after fees £3.

Shaun the sheep plush – cost £0.50 from a car boot sale, sold for £15.99 including shipping. Total profit after fees £10.

Go for broke board game – cost £0.99 from a charity shop, sold for £14.99 including shipping. Total profit after fees £9.

Die Hard Trilogy – came as part of a bundle from a car boot so cost approx £0.25, sold for £1.50 including shipping. Total profit after fees £1.50.

Operation Flashpoint game of the year edition – cost £0.10 from a house clearance shop, sold for £9.79 including shipping. Total profit after fees £5.

1980s Trivial Pursuit RPM card set – cost £1.60 from a charity shop, sold for 11.99 including shipping. Total profit after fees £5.50.

XLS medical supplies weight loss sachets – cost £2.99 from Home Bargains, sold for £10.99 including shipping. Total profit after fees £3.50

Boxed Xbox 360 kinnect sensor – cost £5 from a car boot sale, sold for £15 including shipping. Total profit after fees £5

Spy Kids Video – £0.05 as part of a bundle of videos I picked up from another reseller (which I’m well into profit on), sold for £8.49 including shipping. Total profit after fees £4

Jigsaw World Map new and sealed – cost £1 from a charity shop,  sold for £11 including shipping. Total profit after fees £5.50

Splinter Cell Double Agent – cost £0.10 from a house clearance shop, sold for £4.99 including shipping. Total profit after fees £2.50.

Liam Gallagher Pretty Green Polo – cost £1 from a charity shop,  sold for £10 including shipping. Total profit after fees £4.50 (had this for months so accepted a low offer on it).

Primark Disney Dumbo Mug – cost £3 from Primark, sold for £12.99 including shipping. Total profit after fees £5.

Clickbait game new and sealed – cost £6 from Debenhams, sold for £15 including shipping. Total profit after fees £4.

Superdry glasses case – cost £0.50 from a car boot sale, sold for £5.99 including shipping. Total profit after fees £3.50

Venom Mug new and boxed – cost £4 from a charity shop, sold for £10.99 including shipping. Total profit after fees £2.50. (Paid too much for this. Had it listed for months so I’m glad to finally see the back of it and get some profit!).

Harry Potter and the Goblet of Fire xbox game – cost £0.10 from a house clearance shop, sold for £4.99 including shipping. Total profit after fees £6.

Playskool Heroes Hulk and Thor figures – cost £4.50 from Debenhams, sold for £14 including shipping. Total profit after fees £4.50.

One Direction Louis Tomlinson figure, brand new and boxed – cost £1 from a charity shop, sold for £14.99 including shipping. Total profit after fees £9. This featured in one of my first ever pick up videos (which you can find here) and I’d had it for months so I was delighted to see it go.

Yokebee Chocolate and Natural honey x 3 of each – these cost £0.99 each from home bargains and I sold 6 to the same buyer so they cost £5.94, sold for £32.97. Total profit after fees £20 (my best ever profit from a piece of retail arbitrage).

Yokebee Chocolate and Natural honey – cost £0.99 each from home bargains so £1.98 in all and sold for £10.99 including shipping. Total profit after fees £4.50.

Shinsuke WWE Zombie – cost £4.99 from Home Bargains, sold for £14.99 including shipping. Total profit after fees £5.

Settlers VI DVD game – cost £0.10 from a house clearance shop, sold for £4.99 including shipping. Total profit after fees £2.50.

My Little Pony Return of Tambelon VHS – cost £0.05 as part of a bundle of videos I picked up from another reseller (which I’m well into profit on), sold for £11.49 including shipping. Total profit after fees £6.50

Total eBay income £161. Not a bad week although I’ve still not hit my dream profit of £200 in a week yet!

Facebook income:

None.

Other income:

Qmee £0.27

Total other income £0.27

Week 13 Total Income: £161.27

I’m happy with that income. It looks like sales are returning to normal. Next week will probably see a bit of a dip as I’m away from home for a couple of days so won’t be listing.

Adding this week’s figures to last week’s running total of £358.55 gives me a total income for the month of £519.82 so I’m well in excess of the monthly target of £430. I’m really pleased with this monthly figure given the massive dip in sales I saw earlier in the month and the returns I had. So I’m going to end this months challenge on that figure. Next week will see the start of a new month and I’m hoping I can start hitting my dream target of £200 a month in February as well. Keep reading to find out how I get on!

Thanks for reading.

Andrew

 

Money Mental - Blog Directory OnToplist.com
%d bloggers like this: