Since we’re off to the races in 2015, it’s a good time to reflect on a mistake from 2014. Scrutinizing every dollar that I misspent will help me reach the lofty goal of $10,000 profits that I’m targeting this year.
Trimming the weight for the new year
I turned a profit on this cuckoo clock weight, but the return on investment was low. I’ll walk you through my thought process, and feel free to smack me upside the head for each mistake along the way. The goal here is for you to not make the same mistake that I did (and for me to not make these mistakes again)!
I’d love to think that I should have known better, but my 20-20 hindsight is clouding my vision. It’s a lot harder in the moment. Sometimes re-sellers get the equivalent of “beer goggles” when you’re out shopping.
I’d like to coin the term “thrifter’s goggles.”
“beer goggles”“thrifter’s goggles” are considered to have distorted the “wearer’s” vision, making unattractive peopleitems with low return on investment appear to be worth a lot of money, or at least passably attractivere-sellable.
Onto the actual cuckoo weight and why I bought it.
I love to grab items when they catch my eye, but I guess this does not always pan out. I put the weight in the cart without researching it, and I didn’t even know it was a weight for a cuckoo clock!
I was at one of my local Goodwill stores where you can only get cell phone reception at the FRONT of the store. This weight was with other knickknacks in the back of the store – a literal cell phone dead zone. If I’m unsure about an item, I have to haul it to the front of the store before being able to look up more information about it.
This thing is HEAVY. You can see on the side that it says 1500 BU. I’m not sure what “BU” means, but the 1500 is grams. This is equal to 3 lb 5 oz. If you have a cuckoo clock, you’ll want to make sure all of the weights that are being used weigh the same. I’d like to think that someone bought a cuckoo clock at a garage sale that was missing a weight, and bought mine to get the clock working correctly.
The nice thing about the weight was that it was very durable. I ended up wrapping it in a bunch of bubble wrap and fitting it into a padded flat rate mailer.
Here’s the details from the actual eBay sale:
- Purchase price – $5
- End Selling Price – $19.99
- Fees and Shipping/Handling – $8.23
Total Profit: $6.76
Mistakes will make you cuckoo
The reason I started off with this post for 2015 is because these are the type of items I DO NOT WANT to sell anymore.
- The weight wasn’t cheap.
- It weighs a lot.
- I had to research it a good deal before listing it.
- It doesn’t sell for a lot.
As I said in my 2015 goal post and have updated in my new eBay seller FAQ, I am trying to increase my average sale price. I can only control this while listing new items. In the mean time, I’m going to have sales like this where I listed the item months ago, and it may not be up to snuff. This is part of the game though, and at least I know that I’m not spending my current energy on listing low profit items.
In the end, I still turned a profit on this mistake. As someone who ended up re-donating clothes that I bought from thrift stores because of small holes or stains that I missed because of I was wearing my thrifter’s goggles, this sale feels better!
Image Credit: PartyNet.co.za