{"id":1757,"date":"2016-07-20T07:55:04","date_gmt":"2016-07-20T14:55:04","guid":{"rendered":"http:\/\/first2board.com\/milespointsreselling\/?p=1757"},"modified":"2016-08-07T08:39:51","modified_gmt":"2016-08-07T15:39:51","slug":"1600-profit-in-12-months-and-why-i-am-excited","status":"publish","type":"post","link":"http:\/\/first2board.com\/milespointsreselling\/2016\/07\/20\/1600-profit-in-12-months-and-why-i-am-excited\/","title":{"rendered":"$1,600 Profit in 12 months and Why I am Excited"},"content":{"rendered":"

For any professional\/full time reseller out there $1,600 is a drop in the bucket. \u00a0But I am not that.\u00a0 I got into reselling a year ago for two reasons. \u00a0First, was to find a new avenue for MS. \u00a0Second, I wanted to earn a profit to offset my other MS costs and to build up a travel slush fund for when I take the family on trips. \u00a0Basically, I wanted the travel budget to be self sufficient. \u00a0$1,600 is a positive step towards that goal.<\/p>\n

The reason why I am so excited about $1,600 profit is that I put up so little of my own money to earn it. \u00a0When I started\u00a0I had no idea what I was doing. \u00a0 Now I have a slight idea of what I am doing. \u00a0I didn’t (and still don’t) want to risk much money if it all blew up in my face. \u00a0So I staked myself $2,000. \u00a0I would buy $1,000-$2,000 of product at a time, wait for the items to sell, then rinse and repeat. \u00a0At the beginning things went real well. \u00a0My bread and butter were iPads and the reselling gig worked great until that avenue dried up. \u00a0Now things have slowed down as I look for other inventory.<\/p>\n

Here are my stats from the last year.<\/p>\n\n\n\n\n\n\n\n\n
Inventory<\/td>\nAverage Profit<\/td>\nAverage ROI<\/td>\n<\/tr>\n
iPad<\/td>\n$65<\/td>\n13.72%<\/td>\n<\/tr>\n
PS4<\/td>\n$53.20<\/td>\n12.55%<\/td>\n<\/tr>\n
Apple Watch<\/td>\n$18.50<\/td>\n5.52%<\/td>\n<\/tr>\n
HP All in One<\/td>\n$1.72<\/td>\n.27%<\/td>\n<\/tr>\n
HydroFlask Growler<\/td>\n$13.83<\/td>\n23.81%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Total Spent = $15,314<\/p>\n

Profit = $1,610<\/p>\n

A couple of thoughts jump out at me. \u00a0First, I need to diversify. \u00a0Almost all of my profit was from the iPads. \u00a0Everything else was me looking for alternatives after I was banned from Staples. \u00a0Second, \u00a0I am rethinking my approach. \u00a0Early on, I was putting most of my eggs in one basket. I would buy 2 or 3 iPads, wait for them to sell, and then start over. \u00a0In hindsight I do not think that is a smart approach. \u00a0For one it exposes a good chunk of my own money if something goes wrong, such as a return.<\/p>\n

Moving forward I am looking to diversify my inventory and look at smaller ticket items spread across multiple categories. \u00a0My highest average ROI was not the iPads, it was on a $40 growler which sold just as fast as the iPads.<\/p>\n

In the next 12 months I hope to earn at least as much profit. \u00a0I probably won’t stake myself anymore money because I am focused on some other things in addition to the reselling. \u00a0 I hope\u00a0my new strategy of smaller ticket items with higher ROI will increase my profits. \u00a0Currently,\u00a0I am about to send Amazon multiple items which\u00a0are spread across different Amazon categories. \u00a0I’m excited to see how it works out.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

For any professional\/full time reseller out there $1,600 is a drop in the bucket. \u00a0But I am not that.\u00a0 I got into reselling a year…<\/p>\n","protected":false},"author":95,"featured_media":1763,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_newsletter_tier_id":0,"jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[3],"tags":[],"jetpack_publicize_connections":[],"yoast_head":"\n$1,600 Profit in 12 months and Why I am Excited - Miles Points Reselling<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/first2board.com\/milespointsreselling\/2016\/07\/20\/1600-profit-in-12-months-and-why-i-am-excited\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"$1,600 Profit in 12 months and Why I am Excited - Miles Points Reselling\" \/>\n<meta property=\"og:description\" content=\"For any professional\/full time reseller out there $1,600 is a drop in the bucket. \u00a0But I am not that.\u00a0 I got into reselling a year...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/first2board.com\/milespointsreselling\/2016\/07\/20\/1600-profit-in-12-months-and-why-i-am-excited\/\" \/>\n<meta property=\"og:site_name\" content=\"Miles Points Reselling\" \/>\n<meta property=\"article:published_time\" content=\"2016-07-20T14:55:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2016-08-07T15:39:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/first2board.com\/milespointsreselling\/wp-content\/uploads\/sites\/75\/\/sites\/75\/2016\/07\/imgbanner.png\" \/>\n\t<meta property=\"og:image:width\" content=\"542\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Scott\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Scott\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/first2board.com\/milespointsreselling\/2016\/07\/20\/1600-profit-in-12-months-and-why-i-am-excited\/\",\"url\":\"https:\/\/first2board.com\/milespointsreselling\/2016\/07\/20\/1600-profit-in-12-months-and-why-i-am-excited\/\",\"name\":\"$1,600 Profit in 12 months and Why I am Excited - Miles Points Reselling\",\"isPartOf\":{\"@id\":\"https:\/\/first2board.com\/milespointsreselling\/#website\"},\"datePublished\":\"2016-07-20T14:55:04+00:00\",\"dateModified\":\"2016-08-07T15:39:51+00:00\",\"author\":{\"@id\":\"https:\/\/first2board.com\/milespointsreselling\/#\/schema\/person\/d646123deac1da5c99fdb5b715f23bbb\"},\"breadcrumb\":{\"@id\":\"https:\/\/first2board.com\/milespointsreselling\/2016\/07\/20\/1600-profit-in-12-months-and-why-i-am-excited\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/first2board.com\/milespointsreselling\/2016\/07\/20\/1600-profit-in-12-months-and-why-i-am-excited\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/first2board.com\/milespointsreselling\/2016\/07\/20\/1600-profit-in-12-months-and-why-i-am-excited\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/first2board.com\/milespointsreselling\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"$1,600 Profit in 12 months and Why I am Excited\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/first2board.com\/milespointsreselling\/#website\",\"url\":\"https:\/\/first2board.com\/milespointsreselling\/\",\"name\":\"Miles Points Reselling\",\"description\":\"Reselling My Way to Free Travel\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/first2board.com\/milespointsreselling\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/first2board.com\/milespointsreselling\/#\/schema\/person\/d646123deac1da5c99fdb5b715f23bbb\",\"name\":\"Scott\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/first2board.com\/milespointsreselling\/#\/schema\/person\/image\/\",\"url\":\"http:\/\/1.gravatar.com\/avatar\/4f7af208b9218ab26a4d3cce7a95e961?s=96&d=mm&r=g\",\"contentUrl\":\"http:\/\/1.gravatar.com\/avatar\/4f7af208b9218ab26a4d3cce7a95e961?s=96&d=mm&r=g\",\"caption\":\"Scott\"},\"url\":\"http:\/\/first2board.com\/milespointsreselling\/author\/milespointsreselling\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"$1,600 Profit in 12 months and Why I am Excited - Miles Points Reselling","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/first2board.com\/milespointsreselling\/2016\/07\/20\/1600-profit-in-12-months-and-why-i-am-excited\/","og_locale":"en_US","og_type":"article","og_title":"$1,600 Profit in 12 months and Why I am Excited - Miles Points Reselling","og_description":"For any professional\/full time reseller out there $1,600 is a drop in the bucket. \u00a0But I am not that.\u00a0 I got into reselling a year...","og_url":"https:\/\/first2board.com\/milespointsreselling\/2016\/07\/20\/1600-profit-in-12-months-and-why-i-am-excited\/","og_site_name":"Miles Points Reselling","article_published_time":"2016-07-20T14:55:04+00:00","article_modified_time":"2016-08-07T15:39:51+00:00","og_image":[{"width":542,"height":400,"url":"https:\/\/first2board.com\/milespointsreselling\/wp-content\/uploads\/sites\/75\/\/sites\/75\/2016\/07\/imgbanner.png","type":"image\/png"}],"author":"Scott","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Scott","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/first2board.com\/milespointsreselling\/2016\/07\/20\/1600-profit-in-12-months-and-why-i-am-excited\/","url":"https:\/\/first2board.com\/milespointsreselling\/2016\/07\/20\/1600-profit-in-12-months-and-why-i-am-excited\/","name":"$1,600 Profit in 12 months and Why I am Excited - Miles Points Reselling","isPartOf":{"@id":"https:\/\/first2board.com\/milespointsreselling\/#website"},"datePublished":"2016-07-20T14:55:04+00:00","dateModified":"2016-08-07T15:39:51+00:00","author":{"@id":"https:\/\/first2board.com\/milespointsreselling\/#\/schema\/person\/d646123deac1da5c99fdb5b715f23bbb"},"breadcrumb":{"@id":"https:\/\/first2board.com\/milespointsreselling\/2016\/07\/20\/1600-profit-in-12-months-and-why-i-am-excited\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/first2board.com\/milespointsreselling\/2016\/07\/20\/1600-profit-in-12-months-and-why-i-am-excited\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/first2board.com\/milespointsreselling\/2016\/07\/20\/1600-profit-in-12-months-and-why-i-am-excited\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/first2board.com\/milespointsreselling\/"},{"@type":"ListItem","position":2,"name":"$1,600 Profit in 12 months and Why I am Excited"}]},{"@type":"WebSite","@id":"https:\/\/first2board.com\/milespointsreselling\/#website","url":"https:\/\/first2board.com\/milespointsreselling\/","name":"Miles Points Reselling","description":"Reselling My Way to Free Travel","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/first2board.com\/milespointsreselling\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/first2board.com\/milespointsreselling\/#\/schema\/person\/d646123deac1da5c99fdb5b715f23bbb","name":"Scott","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/first2board.com\/milespointsreselling\/#\/schema\/person\/image\/","url":"http:\/\/1.gravatar.com\/avatar\/4f7af208b9218ab26a4d3cce7a95e961?s=96&d=mm&r=g","contentUrl":"http:\/\/1.gravatar.com\/avatar\/4f7af208b9218ab26a4d3cce7a95e961?s=96&d=mm&r=g","caption":"Scott"},"url":"http:\/\/first2board.com\/milespointsreselling\/author\/milespointsreselling\/"}]}},"jetpack_featured_media_url":"http:\/\/first2board.com\/milespointsreselling\/wp-content\/uploads\/sites\/75\/\/sites\/75\/2016\/07\/imgbanner.png","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p7buy1-sl","amp_enabled":true,"_links":{"self":[{"href":"http:\/\/first2board.com\/milespointsreselling\/wp-json\/wp\/v2\/posts\/1757"}],"collection":[{"href":"http:\/\/first2board.com\/milespointsreselling\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/first2board.com\/milespointsreselling\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/first2board.com\/milespointsreselling\/wp-json\/wp\/v2\/users\/95"}],"replies":[{"embeddable":true,"href":"http:\/\/first2board.com\/milespointsreselling\/wp-json\/wp\/v2\/comments?post=1757"}],"version-history":[{"count":6,"href":"http:\/\/first2board.com\/milespointsreselling\/wp-json\/wp\/v2\/posts\/1757\/revisions"}],"predecessor-version":[{"id":1770,"href":"http:\/\/first2board.com\/milespointsreselling\/wp-json\/wp\/v2\/posts\/1757\/revisions\/1770"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/first2board.com\/milespointsreselling\/wp-json\/wp\/v2\/media\/1763"}],"wp:attachment":[{"href":"http:\/\/first2board.com\/milespointsreselling\/wp-json\/wp\/v2\/media?parent=1757"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/first2board.com\/milespointsreselling\/wp-json\/wp\/v2\/categories?post=1757"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/first2board.com\/milespointsreselling\/wp-json\/wp\/v2\/tags?post=1757"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}