Hello readers! And welcome to week 14 of the money mental earnings challenge! This week sees the start of a new month (although as it’s the 10th of February at the time of writing it feels a bit weird to be saying that). A new month means a refresh of the earnings target. Can I continue the success of previous months?
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 here’s week 14!
Primark 101 Dalmations photo frame – cost £1 from Primark, sold for £7 including shipping (went as large letter). Total profit after fees £3.50 (the retail arbitrage is still bringing in profit while I wait for car boot season to get properly underway).
Friends Central Perks mug – cost £2 from Primark, sold for £9.99 including shipping. Total profit after fees also £3.50
Marvel Erik Killmonger figure – cost £3.90 from Debenhams, sold for £19.99 including shipping. Total profit after fees £10.50 (killing the retail arbitrage!).
3 x Marvel Black Panther figures – cost £11.70 from Debenhams for all three, sold for £28.50 including shipping. Total profit after fees £10
Women’s Ultavite vitamins – cost £3.96 from Home Bargains, sold for £12.99 including fees. Total profit after fees £4.
Bust a move PS1 game disc only – cost £0.75 form a car boot sale as part of a bundle, sold for £3.99 including fees. Total profit after fees £1.50 (the buyer, unfortunately, says he can’t get it working but has left positive feedback and not sent it back so has perhaps now got it working).
Buckaroo game – cost £1 from a car boot sale, sold for £11.99 including shipping. Total profit after fees £6
Extreme Workshop CD – cost £0.25 from a charity shop, sold for £4.99 including shipping. Total profit after fees £3 (had this one for months so was amazed to see it sell to a media buying company).
Pokemon Sleeping Cyndaquil plush – cost £5.99 from Home Bargains, sold for £18.99 including shipping. Total profit after fees £7.50 (I’ve sold two of these in the last few weeks – wish I’d bought more!).
Spellforce Universe Game – cost £0.10 from a house clearance shop, sold for £7.99 including shipping. Total profit after fees £5
3 x yokebee natural honey – cost £2.97 from Home Bargains, sold for £18.99 including shipping. Total profit after fees £10.50 (I’m nearly out of Yakobee now which is a shame as it’s been a great earner for me).
Fx Schmid Mariner’s chest puzzle – cost £2.50 from Sainsburys, sold for £12.99 including shipping. Total profit after fees £5.50 (I wish I’d purchased more of these but I wasn’t sure how well jigsaw puzzles would sell at the time. Now I know for the future that they sell ok).
Gemoag magicube starter set – came free as part of my blogon goody bag, accepted an offer of £9.50 including shipping. Total profit after fees £5.
B-daman fireblast figure – cost £1.99 from Home Bargains, sold for £19.99 including shipping. Total profit after fees £12.50 (took a total punt on this as there were no others on sale in the UK at the time. Wish I’d bought more but happy with the profit!).
3 x Jurassic World Matchbox cars – cost £2.97 from Home Bargains, sold for £23.97 including shipping. Total profit after fees £11 (these went abroad so the shipping was more expensive than normal).
Oddworld Strangers Wrath Xbox game – came as part of a bundle of Xbox games from a car boot sale, accepted an offer of £10.50 including shipping. Total profit after fees £4.50 (sold abroad so had to pay more for shipping).
Sistema klip it mug – cost £2 from Tesco, sold for £10.99 including shipping. Total profit after fees £4.50
Manna Renegade drink insulator – cost £1.99 from Home Bargains, accepted an offer of £10. Total profit after fees £3.50
3 x yokebee natural honey – cost £2.97 from Home Bargains, sold for £18.99 including shipping. Total profit after fees £10.50
Disney Mulan VHS 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 £6.49 including shipping. Total profit after fees £2.50 (I have a regular customer for my videos so thank you for your purchases!)
Obama Llama 2 game – cost £3.75 from Boots, accepted an offer of £10 on this as I had a few listed and wanted to boost the listing. Total profit after fees £2
Total eBay income £126.50
No facebook sales this week so total facebook income = £0.00
£10 from the money shed monthly earnings challenge (for those of you unfamiliar with the money shed you can find it by clicking here – it’s run by a chap called Jon who is very helpful and friendly and has a great moderator called Andrew who may or may not be me!).
Total other income £13.69
Week 14 total income: £140.19
Not a bad start to the month. The retail arbitrage has really paid off for me this week thanks to some great pickups in the January sales. It’s definitely something I’ll do a lot more of next January when I’ve got a (hopefully) bigger budget. This January was more of an experiment for me with retail arbitrage to see if I could make it work and it looks I have done so!
Next week I expect there to be slower sales as I’ll be away for most of the week so will have to adjust my dispatch times accordingly. Hopefully, though I should still get at least halfway towards the monthly target for the challenge!
Thanks for reading.