Getting Some Traction, Learning Some Patience

WEEK 2 SUMMARY:
​This past week was an interesting one. While my mind was going full speed on future possibilities and opportunities, my large (relative) investment from the auction last week wasn’t selling. The bike rack I thought was a hit was recently discontinued; so many stores were selling brand new ones on sale for $150 (meaning my used one wasn’t getting anywhere near the $100 I was originally asking). The old mechanical pencils were made in the millions, so while very old and an overall neat find, not very valuable. And the chairs that I thought would be a huge hit were just sitting in my dining room, waiting for someone to call.

Finally, Thursday I got a little momentum and sold the old wooden ladder (picked $1, sold $25). Then Friday, the pencils sold on ebay for $10 (paid under $1). I told my brother (an avid mountain biker) about the bike rack, he said he needed one and thought around $50 was fair. Typically I would just give it to him, but we wanted to keep the project going so I looked up the last one sold on ebay and it was $60, so I told him I’d split it at $30, great deal for both of us. Then finally, Saturday evening I set up a time/place to meet Sunday morning (before Father’s Day plans!) to sell the set of 4 chairs. Price was lower than I wanted (picked $45, sold $120), but I was able to move them in about a week, and more than doubled my money.

So all in all, it turned out pretty good. I finally got some nice traction and made well over $100! I just needed to be patient (and maybe a bit less ambitious on my prices if I want things to sell fast/easy). I wasn’t able to spend too much time auctioning this weekend, instead we spend our days at family cookout events and taking the boys swimming, which we all loved! I’ll be back at it again this week though, excited to re-invest the new dollars and keep the momentum going. As I’m exploring future opportunities, I’m finding new motivation to get this $250 turned into a bigger pile quickly so that I can try bigger and better things. I think it’s going to get really good sooner than I thought!

​Thanks for reading/stopping in, and stay tuned for more project progress as we go!