The auctions for items purchased during the fourth week of the 2008 Garage Sale Challenged ended on Sunday evening.
Of the eighteen qualifying items listed last week, fourteen sold for a total of $348.10 with a sell-through rate of 78%. Included in the $348.10 of the duplicate of History Of Olga ND & Sacred Heart Church which was sold to the under bidder via a second chance offer. In addition, seven books sold on Amazon for a total of $174.30.
The highlight of this weeks sales was a Twin City typewriter ribbon tin that I paid $13.50 for at a small antique mall that sold for $331.62. While it doesn’t qualify for the Challenge because I’m only using items purchased at garage sales, thrift shops, and auctions, it does show there is still a market for hard to find tins in nice condition.
Here’s how things look after the fifth week of the Challenge:
| Ended | eBay Sold | Amazon Sold | Cost | List Fees | FV Fees | PayPal Fees | Incid. Fees | Miles | Net Profit | Total |
| 5/11 | $193.46 | $59.99 | $35.35 | $6.30 | $18.04 | $10.27 | $0.00 | $24.75 | $150.37 | $158.74 |
| 5/18 | $923.70 | $247.40 | $59.55 | $8.15 | $109.00 | $35.63 | $0.00 | $46.97 | $911.80 | $1070.54 |
| 5/26 | $589.03 | $298.12 | $65.50 | $10.40 | $92.46 | $15.59 | $0.00 | $59.09 | $644.11 | $1714.65 |
| 6/01 | $348.10 | $174.30 | $30.70 | $6.15 | $50.69 | $24.89 | $0.00 | $23.74 | $386.25 | $2100.88 |
| 6/08 | No auctions this week - Will be fishing in Canada | |||||||||
As the table shows, I don’t have any auctions running this week. I’m leaving on Saturday for a week of walleye fishing in Canada so won’t be home next weekend when they would normally end.
I did purchase several Challenge items last week. These items, along with anything I buy between now and Friday will be scheduled to launch on June 8 and end on June 15 after I get back from Canada.
Photograph by emdot.
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June 4th, 2008 at 10:04 am
Great Blog, I look forward to reading it! All I can say is **WOW** about the Twin City typewriter ribbon tin. I have an old tin, I need to find.
I can’t wait to see how the challenge ends. I’ve even started my own informal challenge.
Enjoy your fishing trip!
Jeantoo
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June 12th, 2008 at 12:22 pm
I just realized in order to make profit on ebay you need at least 20%, 8.75% for ebay, 7% for american express through paypal, and possibly government tax after words, in the end I can barely make any profit through the stuff I am selling…
June 14th, 2008 at 8:04 pm
Hi Bob,
Actually, you need to realistically expect a return of a lot more than 20% to realize any kind of profit. I recommend people not deal with anything they can’t reasonably expect to get a minimum 300% return on. Others will disagree, but if you are in this for the long-term, I believe 300% minimum is a valid number.
Gary H.