Re: Turning $20 Into $5000 - Jeffreys Challenge
<b>Previous Total</b>: $17.55
<b>Current Total</b>: $18.93
Things have certainlt started out slow - I need to come up with some more ideas soon if I'm going to make it to the goal. Onlt one of the two auctions sold at the reduced prices I listed - the card set for $5.95 + $3.00 shipping. The final value fee was $0.26 and the paypal fee was $0.56. As mentioned before, the cost of the set to me was $2.50. Shipping came to $2.00 - I had placed an extra $1.00 onto shipping to help lessen the impact of the listing, final and paypal fees. That means the profit was $3.63 - not a lot, but since I can do this again and again, not much more work for me to list the auction. So, I placed <A HREF="http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=6194875838">another auction for the set up on ebay</A> which cost another $0.70.
Even thought he coca cola set didn't sell, I <A HREF="http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=7170740872">placed it up again</A> (another $1.55 listing fee) because there were 7 people that had put it on their watch list. I'm not sure why it didn't sell. If it doesn't sell this week at $39.95, I will give up on that.
So after totalling up my small gain and the expenses of listing again, overall I'm still under $20.
The good news is I received about 15 items from a friend that wants me to list them for him - since he'll be paying all the expenses for listing and final value, I don't have to worry about that. I will get 25% of the final price.
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