I’ve officially been reselling products for 1 full month!
Right at the end of December, I signed up to Products for Profit (PFP) an online and retail arbitrage group, reselling in-demand products through Ebay, Amazon and Facebook Marketplace.
In this post I want to give you a summary of my numbers so far.
And what a month it has been!
Safe to say, I fully underestimated the potential of the Product for Profit group. When my wife and I joined up to the group we agreed that we’d be happy to break even for a couple of months whilst we got to grips with the group, the different selling platforms and what products to buy and which ones to avoid.
Never did I expect to make more than 10 TIMES our monthly membership fee in pure profits in our first month. And that’s after all fee’s AND expenses (packaging, memberships, postage, paypal and amazon fee’s, etc… even petrol is factored into that! There’s a breakdown below).
So, let’s show you what you came here to see.
Here’s a breakdown of the stats from the different sales platforms I’ve been using since I started:
Here’s my running total since I sold our first item on Ebay on 3rd of Jan (ignore the ’90-day total’ bit as we only started in the 1st of January 2021).
That’s £2,191 in Ebay sales in 31 days.
The Amazon sales are HUGE, especially when you consider the fact that we didn’t actually start selling on Amazon until two thirds of the way through the month!
Our first sale was actually a high-ticket item we bought for £1,400 and sold for £2,000! Which is great! But makes the other days look very lower than they are 😂
So, that’s over £5K in sales on two platforms.
We also sold a bunch of stuff on Facebook Marketplace, including an Xbox and a LOT of home decor stuff.
Those are my favourite kind of flips as I often don’t even leave the house to make money. I place an online order, list the item on Facebook, get an offer and wait for the buyer to collect once the item is delivered.
So, let’s take a look at what my inventory tracker looks like at the moment. By the way, if you do join PFP, there’s a guy in the group who can send you a copy of the same tracker spreadsheet you’re about to see.
It’s pretty epic.
I went all in.
That is all the inventory I currently have or have sold.
- Green = Sold
- White = Listed (either on Ebay, Amazon or Facebook)
- Red = Not yet listed (Only got these yesterday)
- Orange = Inbound to Amazon for FBA (fulfilment by Amazon)
Here’s a slightly simplified view of the stock we have which has not sold yet:
Obviously, I cannot share the details of all the items as these are shared within the PFP group only.
This is the sum of Net profit, after item level fee’s (shipping, paypal fee’s, Ebay fee’s etc)
Not bad for something I do at the weekends (and a little in the week when something needs prepping for shipping)!
But let’s be completely transparent here and show you profits after ALL fee’s and costs.
Including everything, from petrol, packaging costs, PFP membership.
Taking off all the costs associated with buying, listing, selling and shipping our products this month, our total profit comes in at:
That’s 10 times what we’re paying for our membership.
I’m a stock market investor. So I can tell you for a fact, there are not many investments in the last decade that could have earned you a 10 X on your money 🤯
In fact, it was even higher than this, but I spent about £80 on a bunch of packaging (bubble wrap, boxes, a tape gun, labels, a printer, ink, void fill, etc) that should last us for a couple of months.
The minus number in December is beacuse that’s when we paid our PFP membership fee, and signed up to Amazon (£30) and hadn’t started selling yet.
So, that’s my first month of retail arbitrage via the PFP group in numbers.
I will aim to write a monthly update on our flipping adventures to help inspire others to take their earning potential into their own hands and build something greater for themselves.
So, make sure you subscribe below to get notified when these updates go live!
If you’d like to try out PFP, click the image below and sign up.
It’s a monthly subscription and you can cancel anytime if it doesn’t work out for you.
My advice – If you do what the moderators of the group tell you to do, you will make money.
If you’re unsure, reach out to me on twitter and I’ll be happy to answer any questions about the group. Use the social links at the top of this page to get in touch, or post a comment below.
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