Preparing to process 1/6 of my plush…
This week I learned my lesson about being greedy. Unfortunately it was a $100+ lesson.
My personality is one in which when I do something, I tend go all out. Sometimes this can work against me.
This past week I started actively searching for more valuable plush to sell. Normally I don’t spend more than 2 minutes in the plush section, but this time I actually began to really get dirty and dig through every rack of plush. I started from one end and worked my way to the other end and repeated until I searched every nook and cranny from top to bottom.
At the first store, my hard work resulted in approximately 25 plush/stuffed animals. These ranged from Ralph Lauren bears to larger than life Yo Gabba Gabba plush and even a Duffy bear.
Sounds awesome right?!? WRONG!
You see, once I hit one thrift store, over the next two days, I visited another two and racked up a $116.00 tab along the way. At each store I kept finding more valuable plush. I was on fire…until I got home and started to process my plush treasures.
Treasure into Trash…
Unfortunately, the bulk of my stuffed animals were purchased from Goodwill. Even more unfortunate is the fact that the “geniuses” over at Goodwill decided to use permanent marker to mark prices on 95% of the tush tags on my plush. If you didn’t know: permanent marker + delicate fabric = EPIC PERMANENT FAIL.
I had a great week in sales for Amazon FBA. I certainly enjoy thrifting for items to resell on Amazon and you certainly can’t beat the return on your investment. Here are a few of this week’s highlights:
1.) Uncle Skunkle Destruct 3 ~ I shared this particular sale over on the Thrifting for Profit Facebook group this week. I found this game brand new (still sealed) at a local thrift store for $3.98. After looking on Terapeak, I decided to purchase it and originally intended to sell it on eBay. Unfortunately, after being listed for several weeks, it just would not sell. I was hesistant to send it into Amazon FBA because there were no other sellers for it. However, after looking on Camel Camel Camel, I noticed that at one point it did sell (and very well), so I decided to send it in and price it high.
It sold within 48 hours after being checked into Amazon’s warehouse for $72. After Amazon fees and the initial cost of the item, I profited $58.43.
2.) Eating Disorders: Time For Change: Plans, Strategies, and Worksheets ~ This was a workbook that I picked up at the thrift store for $1.99. I must say, I really love workbooks, especially those with obscure subjects such as this one. There was no writing or missing pages in this workbook and it was in like new condition cosmetically. I listed it in “very good” condition for $38. Amazon is currently selling it for $45.
Last month I read a blog post by Kimberly Hutmacher over at Cray Cray for eBay where she mentioned having success with Weight Watchers items. I will be the first to admit that if I saw these items at a thrift store, I would just glance over them.
Not. Any. More!
A few weeks ago I was rummaging through the “BINS” at a local thrift store and stumbled upon an outdated Weight Watchers kit (new in an opened package). For $3.98 and some quick research on my Terapeak for Android app, I figured it was worth a try.
I originally set the price at $32.95 + free shipping (based on some of the past sales via Terapeak), but it sold for $29.65 because I put all of the fixed price items in my store on sale. It took about 3 days to sell and fit perfectly into a padded flat rate envelope.
…you can’t beat a profit of $16.45 for less than 10 minutes of rummaging through plastic bags filled with knickknacks.
Student loans: Probably the worst decision I ever made.
Reselling things for profit: Probably the best decision I ever made to pay off my loans faster.
Welcome to my blog! It has been in the works for quite a while, but I finally sat down to write my first post and join the blogosphere (again…fresh…anew). This blog encompasses a little bit of everything, but its main focus is to document my journey towards paying off my student loans — and hopefully before 2023.
How it All Began…
I won’t bore you with how I racked up student loan debt, but I will say that I had no intentions of ever taking out loans that amounted to this amount of money. In fact, I had a full-ride UC Regents academic grant to attend college. It covered all but $500 of my tuition. Being 18 without $500 to my name, I decided that I would take out a loan to cover that remaining balance.
..I thought that would be the end of my encounter with student loans.
Unfortunately, it wasn’t. Fast forward a year later, I left the UC system and started attending a CSU (California State University) college. Two years later and $12k poorer, I graduated.
I Hate Debt…With a Passion!
Fast forward to today. I’ve been out of college for over 6 years, but looking at the balance on my student loans, you would not know that. That balance will not budge! Although I made some poor financial decisions between 18-21 years of age, one of which required me to rehabilitate my student loans (successfully I might add), I feel as though I should have made a little progress, but instead it seems as though my balance is decreasing at a snails pace.