Goodwill Reselling Income
We recently finished an experiment in which we went to the local Goodwill Outlet for 30 days in a row. While there, we would search for profitable items to resell and earn a side-hustle income.
Well, just because we stopped going to the Goodwill doesn't mean that the sales have stopped. Indeed, 'residual' income continues to flow from the efforts expended during those 30 days.
It is not exactly passive as the sales still need to be packed and dropped off at the Post Office, but it is easy enough (and quick since my job is about 1/4 of a mile from the Post Office).
During the 30-day experiment we were able to make a profit, after fees and costs, of $1,300.78!
So how much do you think has sold in the 7 days since we stopped going to the Goodwill Outlet?
Let's find out!
Day 31
Total Sales Revenue = $118.95
Day 32
Total Sales Revenue = $118.29
Day 33
Total Sales Revenue = $120.45
Day 34
Total Sales Revenue = $87.47
Day 35 + 36 (Sunday, no shipping)
Total Sales Revenue = $51.42 + $69.92
Day 37
Total Sales Revenue = $18.98
Profit!
Of course, total sales revenue is not profit. I have to subtract costs such as what I paid for the item in the first place, fees charged by eBay and Paypal, and shipping. There are other costs too, but it becomes even more difficult to judge accurately.
"How much money worth of tape did I use on that box?"
Those costs are not included. But doesn't anyone have costs to work that they don't think about or include?
So I don't mess around using my precious time to add everything in. But I think we can agree I estimate everything close enough for what we are doing here.
Profit Day 31: $72.09
Profit Day 32: $84.76
Profit Day 33: $82.19
Profit Day 34: $63.22
Profit Day 35: $37.93
Profit Day 36: $47.18
Profit Day 37: $10.16
Total 'Residual' Profit After 1 Week: $397.53
Add that to the 30-day total and we have made a profit of:
$1,698.31
Hmm, kinda makes you want to hustle up some profit.
What do you guys think, is this hustle worth it? Would you do it? ARE you doing it?
Let me know in a comment below.