Reselling items has been a great way to make money over the years..
We did a challenge to make $20,000 buying stuff to resell. In the first month, we made $2,710.
In the second month, we were in another city and had health issues so didn’t do anything.
In the third month we made almost $9,000 and now this month, we made over $10,000.
This is something we have done for years and this was not our first $10,000 month.
We find it is such an easy way to make extra money.
We spend only a few hours a month on it, it is a side gig not a full-time gig, yet if you wanted, you could easily make it your full-time income.
How We Made Money This Month
We sold a mixture of things for ourselves and others.
Our preference is Facebook Marketplace and Gumtree, as they are both free.
1. Photography Gear for a Friend – $5,500
We listed all his gear, organised pick up or postage and took a commission for each sale.
He photographed it all, wrote the description, so it was mostly fairly quick and simple.
It was slightly harder because we didn’t know a lot about it.
We made more on almost every single item than he had listed as his sale price (some items were a few hundred more), so he was happy.
We have around $6,000 worth of items left still listed, with another $1,500 to go.
2. Clothing – $557
We regularly sell clothing, this month we scaled back a little and only sold a few items.
3. Books – $1,216
We sold some books this month and restocked them at the local op shop this week.
Books are something we have bought and resold often since 2010 so we know which ones sell well.
In our experience, non-fiction does way better than fiction.
4. Old Articles – $2,800
We had a few blogs we merged together over time, articles no longer relevant to the site etc.
We managed to sell some of these.
These were sold in a bulk pack to a company for them to use over the coming year.
Our freelance writing rates are much higher and these articles are not ones we loved, nor did they take long to write.
They were from about 5 years ago. Since selling websites is one of the things we do, we feel this fits.
5. Miscellaneous Items – $34
Old Tupperware, beauty items, home decor and other bits and pieces we have picked up that we think would sell fall into this category.
We usually stick to specific niches instead of selling miscellaneous items but these we knew would sell so we did it.
Total: $10,416
Issues this month
Never before have we experienced so many people not turning up, turning up late or asking a million and one questions.
Usually, sales are quick and easy for us.
This month, we spent more time on selling the friend’s gear than we spent selling anything else.
So many people did not read the descriptions and asked questions already in there.
It hasn’t put us off being a reseller but did make us rethink the decision to allow pick up items.
Plans For Next Month
Our favourite thing to resell has been websites. Next month we plan on buying a few, then holding them for a couple of months as we make some changes, get them making more money then resell them.
This will be our ‘reselling’ project for the next few months.
Also hoping to finish the sales of the photography gear we have listed plus sell the rest of the rockabilly items we have listed.
For more ways to make and save money follow us on social media:
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