Friday, October 28, 2011

Multi-item - Multi-money!

If you've read my earlier posts, you would know that buying multi-items is the way to go.  Not only do you save yourself time and gas to pickup from one location, you can make a killer deal on the purchase.  You can also make your own multi-item out of a single sale.

Case in point, I bought this - thinking I was getting a table and chair set.

but I when they got home, I saw this: (one of these things just doesn't belong here...)

I decided to just try and get rid of the chairs on their own, that same afternoon..  I listed them for $15 a piece or all for $50 and sold in one afternoon.  A neat $30 profit off the top.  This covered almost my entire cost of the table and chairs (purchased for $60 total)  Note - putting a "per item" cost as your ad cost is a GREAT way to get views/interest.. Seeing a picture of four chairs with a cost of $15 will draw people in like Boxing Day - then you hit them with the fine print.. $15 each.. but by then, they are probably have the adrenaline pumping and are hooked.
Unfortunately for me, the table was kind of in poor condition.. in retrospect, I should have not touched it and re-sold it for $50 or something but no.. I decided to refinish the top completely...

Here are some gratuitous pictures taken by my father in law of me refinishing the table.. stripped it, sanded it and stained it.. this is just mainly proof that

a) I exist

b) I do this stuff myself

Final product was a really nice dining table - pretty flawless top.  The lady who bought it seemed really happy... unfortunately I forgot to put a second coat of touch up paint on the bottom with the right sheen of paint (sorry lady wherever you are!)


Summary


Purchased: $60
Modifications: $3 (stripper) 
Sold: $190 ($50 for chairs and $140 for table)
Profit: $130



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