New Challenge - Double Your Money!

fairyclicks

katrss7 wrote: »

I'd love to join you. In April I'm giving up work to start "the good life" and could do with a practise in March. I'm just going to start with £5 and see where I get in the month.

Great stuff Welcome to the thread and wow good luck with the giving up work thing :eek: but

I will add you to the first post too


Oh and quick update on my personal challenge - been out sniffing about for some bargains and spent my £5 in various charity shops.

£2 for 8 books and £3 for some clothes off the £1 rail. Got myself a lovely pair of trousers and jacket too but thats not for the challenge, just couldn't resist lol!

So ebay here i come i guess fingers crossed for profits!!!

katrss7

I'm really slow starting this challenge and have only listed five items on eBay (so far have spent 50p on listings of the original £5). Have requested items from Freecycle but haven't been lucky so far. How's everyone else doing?

fairyclicks

katrss7 wrote: »

I'm really slow starting this challenge and have only listed five items on eBay (so far have spent 50p on listings of the original £5). Have requested items from Freecycle but haven't been lucky so far. How's everyone else doing?

I was quick to buy some things but not got them on ebay yet lol - think thats a job for today

Most challenges are slow to start off with i think, takes time to get into the way of them - thats my excuse anyway :rotfl:

You know its free listing today on ebay?

katrss7

Yes, I realise when I put them on but didn't know before. The costs were for Buy it Now options I think. Now you've reminded me I'll go and find some more to put on - perhaps without buy it now to save extra money?

fairyclicks

katrss7 wrote: »

Yes, I realise when I put them on but didn't know before. The costs were for Buy it Now options I think. Now you've reminded me I'll go and find some more to put on - perhaps without buy it now to save extra money?

Yeah thats my plan too good luck xx

misskwa

Hi Fairy.
I would like to join you It's such a good idea! I am already on maternity leave and from March my home budget will drop down 4 times I 'll be on lovely £127 a week, because my company paid me already my 9 weeks full wages.
I am starting with £50. I bought some clothes on Gumtree today. I spent all money for more than 100 pieces . I will put them on ebay and hope to double it very soon. I must be quick because my baby due is on 11th of March

fairyclicks

misskwa wrote: »

Hi Fairy.
I would like to join you It's such a good idea! I am already on maternity leave and from March my home budget will drop down 4 times I 'll be on lovely £127 a week, because my company paid me already my 9 weeks full wages.
I am starting with £50. I bought some clothes on Gumtree today. I spent all money for more than 100 pieces . I will put them on ebay and hope to double it very soon. I must be quick because my baby due is on 11th of March

Aw welcome misskwa - good luck with your ebaying - hope everything sells well for you! Congratulations on the baba too will be here very soon!!

xxx

katrss7

Yahoo £8.50 sale from eBay - I'm off the starting post. Hope everyone else is doing well.

Natterjack88

I really do need to register with the tax man- its one of those things I have been putting off because I know I have 3 months to do it! Only thing is I don't how to declare for my tax credits as one month I could make £1000 and the next £50 so its confusing me a bit!

Id like to get in with the buying things in charity shops gumtree etc to sell on for profit but I have so much other treasure to get rid of I can't start cluttering up the house with someone elses! Would be nice to mooch around boot sales but I am back off maternity leave and work on Sundays so this will have to be during next batch of maternity leave (;)).

Trying to work out how Id do my calculations for this too. Think I'll work out how much £££ I have in stock already, how much I spend during the month on stock and then how much profit I've made. Thing is I don't sell the items for double their cost (due to competition on the bay)- And so this wouldn't show me 'doubling my money'. So I would have to 'reinvest' profits which makes the calculations more complication. For example one of my bestsellers I buy I make 90p profit per one sold but the cost me £4 to sell.

Natterjack88

Sorry to double post but just went off to look for double your money ideas and went to a site I use sometimes that may be of use to some people- you may have heard of it but thought Id share anyway. Its called baycrazy.com. It is an affilliate type site of eBay. You can type in your postcode and it will show you all items ending soon in your area, you can also refine by category, I look for items that are pick up only close to me that I can make profit on by posting it. The site can also show all items ending on ebay now, items with silly end times (so not many bidders and potential low final prices), also misspelled titles. Hope that helps someone