Just a quick post to let you know that I've moved to Step 3 on my way to making one million pounds. After eBay and PayPal fees I was left with £38.06 from the sale of the three books I purchased at the start of Step 2. A really great result - better than I had hoped for.
Now I've got to think about turning £38.06 into £76.12!
Wednesday, August 13, 2008
Thursday, August 7, 2008
Step 2: Future Steps to Make a Million
The items I've listed on eBay are doing really well. So far I've doubled my money, but I'm hoping to do a bit better than this. I'd like to start Step 3 with £30.
I've been thinking about future steps again. Lots of other doublers seem to be attempting to use their doubling blogs as a way of generating income. This would seem like a sensible move, and one that I'm going to look into in more detail later. In addition, I'm also going to look into the possibility of setting up some blogs on other topics in order to generate some extra income.
Looking forward to starting Step 3 of the Make a Million Project. Let's hope my eBay buyers pay promptly!
I've been thinking about future steps again. Lots of other doublers seem to be attempting to use their doubling blogs as a way of generating income. This would seem like a sensible move, and one that I'm going to look into in more detail later. In addition, I'm also going to look into the possibility of setting up some blogs on other topics in order to generate some extra income.
Looking forward to starting Step 3 of the Make a Million Project. Let's hope my eBay buyers pay promptly!
Friday, August 1, 2008
Step 2: Another £1.08 spent.
Just a quick update. With my remaining £1.18 from Step 1 of the Make a Million Project, I decided to buy 4 2nd class stamps (leaving change of 10p). I think I've come up with a way of making a profit from my Knightmare boardgame. The stamps will be required. I'll post about this again later, but it might take a while to get things moving.
I've also been thinking about future steps. I think I can probably continue selling items on eBay up until the steps reach £200 or £300, but after that, I'm going to struggle if I just stick to the same method. At the moment, I'm in my comfort zone. I'm going to have to step out of it if I want to really progress with this challenge.
I've also been thinking about future steps. I think I can probably continue selling items on eBay up until the steps reach £200 or £300, but after that, I'm going to struggle if I just stick to the same method. At the moment, I'm in my comfort zone. I'm going to have to step out of it if I want to really progress with this challenge.
Thursday, July 31, 2008
Step 2: Items on eBay
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...
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...
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.
Subscribe to:
Posts (Atom)