Adding It Up – April

It’s time for a monthly update of my Additional Income Challenge where I record any extra cash that crosses my path during the year.

The total for April was £32.01. This was almost 50% from Amazon Marketplace and 50% from eBay. The majority of the money is from the old video games I’ve been selling recently. I went to a car boot sale last Sunday and amongst all the household detritus  that you always see at these places were a stack of Sony PS3 games. I only had enough money to buy a couple, so I did a quick search on the eBay app on my iPhone and found out which titles had the best resale value, and bought two, negotiating a discount in the process. I listed one on eBay as a Buy It Now, and the other on Amazon Marketplace. They both sold for almost three times the price I paid for them within 24hrs of me listing them. Pretty good for an hour’s work on a Sunday morning.

The other eBay video game sales I made during April were both the results of some eBay arbitrage, or flipping. I bought a job lot of 13 Nintendo N64 games, and am now in the process of re-listing them for a profit. So far I’ve sold three games and after deductions I’ve made back almost half of the original cost of all the games. So far so good.

I’ve been spending my lunch hours scouring the charity shops for more bargains this month, and have come up with a few more items to list. I also persuaded my wife to go through the wardrobe and identify anything that could be sold, more in a bid to de-clutter than to raise funds. Now that I’ve got some stuff to sell, I just need to find the time to list it all. The other minor downside of my current efforts is that it’s providing an unneeded distraction from writing, which I really should get back to. Maybe I will after a quick peak on eBay…