Last week we managed to complete Step 1 of our challenge!
We had spent our original $7 on five items of children's clothes and planned to sell them at the baby and kids secondhand market that is held every few months in our town. Jo had already booked a stall to sell off a lot of the clothing and toys that her kids had grown out of so it wasn't too much effort to add a few extra items.
The goal was to double our money. Because Jen had done such a great job finding bargains, Jo decided to price most of the items a little higher than double. And it's a good thing she did - one of the items didn't sell but the others made up the shortfall and we managed to make our goal of $15! (if you are thinking, hang on a minute, double $7 is $14, not $15! then take a look at our plan).
So here’s what we sold:
- a toddler size red hand-knitted cardigan – bought for $1, sold for $3
- a pair of baby jeans – bought for $1 but didn’t sell
- a pair of size 2 jeans – bought for $2, sold for $4
- a pair of size 4 jeans – bought for $2, sold for $5
- a Pumpkin Patch pale yellow knitted cardigan – bought for $1, sold for $3
Actually, the last item on that list – the yellow knitted cardigan – was not actually sold. Jo swapped it with the stall holder next door for a cute sleeveless jacket that was just the right size for her youngest son. Both items were priced at $3 so we think we can count this towards our goal.
As for the baby sized jeans – Jo will be listing these along with some other baby clothes on various internet selling sites so there is a chance that they will sell yet. And if they do then we will count the money towards our next step.
The market was an interesting experience. Overall Jo made over $100 profit from the day and learned many useful tips that she will share in a future post.
So – on to Step 2! We are currently planning how to turn our $15 into $30.
