My $20 challenge - Page 2

cicy33 · #21 (**permalink**) 08-15-2005, 08:16 AM

Okay, pitcher did not sell. bummer. still have two more to go. hope they will go. I prefer to not list too many at one time so will wait until they are done before listing any more!

cicy33 · #22 (**permalink**) 08-16-2005, 06:53 AM

well, the decanter didn't go either, but it did have two watchers so I may relist it. I may have to figure out different ways to make this money grow.

cicy33 · #23 (**permalink**) 08-17-2005, 06:52 AM

Relisted the decanter last night. I am not having luck at all these days with Ebay.
Previous balance: 47.06
Cost to relist: .50
Current Balance 46.56

cicy33 · #24 (**permalink**) 08-18-2005, 08:46 AM

Okay, I am really having a bad Ebay week! the roses didn't go either. Maybe I need to consider another route. If anyone would like to go and view my auctions to determine if I need to do something to make them more appealing I am very open to suggestions. I already accept paypal, money orders , no checks though.

cicy33 · #25 (**permalink**) 08-18-2005, 02:40 PM

Okay, relisted the gold roses. Lowered the starting bid. 31 people looked at them! I am going to try to paste the auction urls here.

Previous Balance: 46.56
Cost to relist: .35
Current balance: 46.21

http://cgi.ebay.com/ws/eBayISAPI.dll...MESE%3AIT&rd=1

http://cgi.ebay.com/ws/eBayISAPI.dll...MESE%3AIT&rd=1

cicy33 · #26 (**permalink**) 08-24-2005, 12:52 PM

Finally! the decanter sold. For 9.99. not great but okay. I will be shipping tomorrow so will post the profit on it then. Was really hoping that it would go higher but oh well at least it went!

cicy33 · #27 (**permalink**) 08-26-2005, 08:10 AM

Okay, finally got the numbers on the decanter.
Total listing fees: 1.00
Paypal fees: .94
Refunded relist fee: - .35
Cost of product: 2.00
Final value fee .52
Shipping Charged 12.00 (included insurance)
Shipping Cost $10.00 (actual)
Product sold: 9.99
Actual Profit: 7.88

Previous balance $46.21
Profit plus add back in costs already deducted. 10.88 ($2 cost, $1 listing)
New balance: $57.09

cicy33 · #28 (**permalink**) 09-01-2005, 11:40 AM

Nothing to really report today just wanted to stay on top of it. I am planning on posting some this weekend on ebay, though not sure that is a good area these days. Perhaps some of my vhs tapes will go on half.com. we will see. I haven't been to an auction recently so have nothing new to list from that.

cicy33 · #29 (**permalink**) 09-01-2005, 06:59 PM

I have finally listed stuff on half.com. I do like the list and no fees until you sell!

cicy33 · #30 (**permalink**) 09-06-2005, 08:29 AM

I have purchase via Sharebuilder so we will see if it is any good. At least I should get my bonus, right?
Previous balance: $57.09
Sharebuilder: $10.00 ($6 purchase, $4 fee)
Current balance: $47.09

Nothing I have listed on Half.com has sold yet.

cicy33 · #31 (**permalink**) 09-11-2005, 06:35 PM

Current update: I have purchased and listed items on ebay. I will wait until the end of the auction to list the costs and profits, it was a little confusing for me last time. Nothing has sold on half.com either. I listed 2 pair Levi, 1 pair carhartt and some nintendo games. Hopefully these will all go. My jeans usually sell very well. I have been notified that Shareholder will be giving me my bonus so once I get that I will add it. I am assuming that I can withdraw the bonus?

cicy33 · #32 (**permalink**) 09-14-2005, 02:38 PM

I have a bid on the carhartt's already and two watchers on the levi's. Sure hope they go! I have not accomplished what all I wanted with this challenge but I have learned alot from this challenge. Basically it helps to be motivated.

cicy33 · #33 (**permalink**) 09-17-2005, 02:35 PM

I have sold two pair of the levi's. Both were bought with with the buy it now.
Previous balance; 47.09
Cost of Jeans: 2.00 for both
Listing cost: 1.17 for both from ebay
Cost to receive payment .73 (one payment was made)
actual shipping for jeans: 7.70
jeans sold for: 6.98
payment made to me; $14.98
Total profit $5.38

Current balance; $52.47

cicy33 · #34 (**permalink**) 09-22-2005, 01:20 PM

I have actually sold a pair of carhartt jeans but am waiting on payment, hope she pays!

cicy33 · #35 (**permalink**) 10-05-2005, 05:42 PM

Well, she didnt' pay. I have finally finished the process to get my final value fees back but I am still out the .35 to list them. bummer. First non paying bidder ever.
Previous Balance: 52.47
Fees .35
Current balance 52.12

cicy33 · #36 (**permalink**) 10-05-2005, 05:44 PM

HOWEVER, I did make a purchase to increase the money.
I purchased 30 play station games
Previous balance: 52.12
Cost of games plus shipping: 58.90
So I am at a negative -6.78

But I am really hopeful that I will be able to triple my money. I think I got a really good deal.

cicy33 · #37 (**permalink**) 10-06-2005, 09:09 AM

Okay today got notified that I got my promotion from sharebuilder. So now I am not negative anymore
Previous Balance: -6.78
Promotion 50.00
New balance: 43.22

Now, anybody got any good ideas how to spend it on new stocks???? I do believe that is the way I want to go.

cicy33 · #38 (**permalink**) 10-13-2005, 07:40 AM

nothing new to report, listed some of the games on dealofday and will hope to sell some soon, will probably list some on ebay this weekend. I did relist the carhartt pants and they already have a bid on them.

Gailete · #39 (**permalink**) 10-13-2005, 10:47 AM

Our local newspaper in its 'wisdom' stopped publishing the stock market pages except for sunday. They do publish a small section stocks of local interest on a daily basis (I know I could find stuff on line, but then I would get obsessive about checking it). So I picked a stock that I'm familiar with the company, it is listed daily in our paper, pays a dividend (so my shares will grow), and I've seen it talked about in Money magazine as a good stock. I want to work my way up to 10 shares of it, then go for 10 shares of the next one, etc. until I have about 7-8 stocks from different sectors. Totally unscientific, but I'm in this for the long haul and I look forward to watching them grow

or not

. Hopefully in 10-15 years I'll be able to say look what happens when you invest the 'free' money that comes your way.

By the way we do have other investments towards retirement. If I thought this was our total savings program, I would be a lot more careful and stressed about how I was investing this money.

Hope this gives you some ideas.

Gail

cicy33 · #40 (**permalink**) 10-24-2005, 02:09 PM

I have sold a couple of items will get around to posting them this week. However I believe what this experiment taught me was that no matter what earning money is time consuming and you are not going to do it over night (or in a few months time to the degree that we attempted) and that is based solely on the challenge of taking the $20 and making $5000 with that money. In my case I bought and resold. I did make some by doing the ing thing. but I have learned what I already knew, takes hard work.