Library of ideas
Library of Ideas

crucible of experience
Crucible of Experience

stairway to a fortune
Stairway to a Fortune

Treasury of Tales
Treasury of Tales

Vault of Old Videos
Vault of Old Videos

Portfolio of Motivation
Portfolio of Motivation

Table of Negotiation
Table of Negotiation


Additional articles:

Get Rich After Retirement

Never Break the Copper Rule!

Barter Page

Step Twenty Seven to a Fortune:

photo of two Disney Christmas Carol Tapes

 

Experiment Title

Extracting More Gold from Tapes

Vision

We made a profit on the last tape we listed.  We have other tapes to make more money. 

If insanity is doing the same thing and expecting a different result, it stands to reason that the sane thing to do would be sell another tape.

 

Objective

Step 27 from the overview calls for an investment of up to $9.84 looking for $9.84 or more.  We probably can't get a sale for nearly ten dollars, but we might be able to make the 99 cents in profit. If I do two more tape auctions and combine them into a single step, I should get close enough to make another step.

From $203.03 in actual capital reserves , I will invest up to $9.84 expanding my investment to $10.83 or more.  I aim for a profit of $0.99 or more.  

 

 

Hypothesis

If I group two auctions into a single step, I can control the size of my investments and still advance my objectives

 

Procedure

 

I listed two more tapes on ebay as Disney Christmas Carol tapes 1 & 2. 

I sold one tape for $1.25 and another for $1.29 

Results 

When the smoke cleared, the fees were paid, and a little money was made on shipping and handling on two auctions, I was left with $3.53.

 

 

                Ending gross capital  (before deductions)            $206.56

 

Questions

Does lower shipping cost increase sale price?  The sale price did increase but not enough to make up the difference on the profit I made for the shipping on the previous step. 

What did I learn from this deal?  I learned that reducing shipping cost is beneficial, but a handling fee may increase my bottom line.

I also learned I can control larger investments by grouping smaller investments.  It's like a cookie shop selling a bag of cookies rather than one cookie at a time.

Conclusion or Final Result

 

I started with $203.03 in reserve funds.  The overview schedule called for a risk of as much as $9.84 chasing $10.83.   After the sale before tax and charitable deductions I had  $206.56

35% tax of $3.53 = $1.24 leaves $205.29

10% for contribution from $3.53  decreases sum by $.36 leaving $204.93 net

I now have working capital of $204.93. I also have the experience, confidence and expectation to handle many future deals at this and slightly increasing levels with full expectation of success!

Next Step 28