I've listed the books on eBay that I bought today from the charity shops.
Check them out: Dragonlance Atlas, Signed Lone Wolf Book, Casket of Souls.
Hopefully they'll do well.
The Knightmare board game might be more difficult to flip for a profit. I don't want to spend a lot of time listing and packaging it if it's only going to sell for two or three pounds. I'm going to give it some thought.
And I've still got £1.18 left...
Thursday, July 31, 2008
Step 2: Purchases Made
I went off to town with my £7.93 from Step 1...
...and returned with some cool books to sell on eBay. I bought:
The Dragonlance Atlas for £1.75.
Casket of Souls for £1.50.
Lone Wolf Adventures (Books 1 & 2) for £1.50.
The Lone Wolf book is also signed by Joe Dever and Gary Chalk (the illustrator). I've sold a signed copy of one of these before - it didn't fetch as much as I thought it would, but I think I'll double my £1.50.
I also got a Knightmare board game for £2.00.
All in all, I spent £6.75. I've got £1.18 left. I think I've done quite well, but the real test will be when the items are auctioned on eBay.
...and returned with some cool books to sell on eBay. I bought:
The Dragonlance Atlas for £1.75.
Casket of Souls for £1.50.
Lone Wolf Adventures (Books 1 & 2) for £1.50.
The Lone Wolf book is also signed by Joe Dever and Gary Chalk (the illustrator). I've sold a signed copy of one of these before - it didn't fetch as much as I thought it would, but I think I'll double my £1.50.
I also got a Knightmare board game for £2.00.
All in all, I spent £6.75. I've got £1.18 left. I think I've done quite well, but the real test will be when the items are auctioned on eBay.
Step 2: The Way Ahead
I've decided that I'm going to follow the third option outlined in my previous post.
From this point on the Make a Million Project will work like this. Whatever money is made in one step must be doubled in the next step. It's going to be that simple.
In Step 1 I went from £1 to £7.93. Therefore, in Step 2, I must double (or better) the money I made in Step 1, going from £7.93 to £15.86.
Now I'm off to the local charity shops. I'm going to try and spend my £7.93 on items that I can sell on eBay for a quick profit. I'll probably end up buying some books as I've been selling them online for some time and know a bit about them, but I'm going to be considering anything that looks interesting.
From this point on the Make a Million Project will work like this. Whatever money is made in one step must be doubled in the next step. It's going to be that simple.
In Step 1 I went from £1 to £7.93. Therefore, in Step 2, I must double (or better) the money I made in Step 1, going from £7.93 to £15.86.
Now I'm off to the local charity shops. I'm going to try and spend my £7.93 on items that I can sell on eBay for a quick profit. I'll probably end up buying some books as I've been selling them online for some time and know a bit about them, but I'm going to be considering anything that looks interesting.
Step 1: Complete!
First of all, sorry for not updating this site for so long. I am aiming to add posts more frequently from now on.
The Ladybird books auctioned on eBay sold for £8.50 (plus £2.75 postage). In total I received £11.25. Having deducted eBay listing fees (£0.05), eBay final value fees (£0.76) and the actual cost of postage (£2.51), I am left with £7.93. Not a bad return!
As I have more than doubled my original £1 stake, I am uncertain how I'm going to progress. Should I move to Step 2 on my original list (£2 to £4) and spend the extra £5.93 I made in the previous step, or should I move straight to Step 3, and try to make the 7p needed to move to Step 4?
I suppose a third option would be to simply try to double the amount made in the previous step. In my case, my next challenge would be to go from £7.93 to £15.86.
Not sure which route I'm going to go for yet. Will let you know when I've decided.
The Ladybird books auctioned on eBay sold for £8.50 (plus £2.75 postage). In total I received £11.25. Having deducted eBay listing fees (£0.05), eBay final value fees (£0.76) and the actual cost of postage (£2.51), I am left with £7.93. Not a bad return!
As I have more than doubled my original £1 stake, I am uncertain how I'm going to progress. Should I move to Step 2 on my original list (£2 to £4) and spend the extra £5.93 I made in the previous step, or should I move straight to Step 3, and try to make the 7p needed to move to Step 4?
I suppose a third option would be to simply try to double the amount made in the previous step. In my case, my next challenge would be to go from £7.93 to £15.86.
Not sure which route I'm going to go for yet. Will let you know when I've decided.
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