- Trade Profit: £ 1.4
- Return: 11.7%
- Overall Profit: £ 16.93
With the bank over £15, internet shopping now became an option when looking for deals. As long as the item was relatively light the postage cost of receiving the item wouldn’t overly erode the margin.
I also mixed it up without shortlisting items, plumping straight for buying a Magic the Gathering Collector Booster Pack. This shows the risk of buying online, in that within a couple of clicks you can have locked in a purchase without the time for reflection that you have when looking at items in a physical store.
I don’t know anything about Magic the Gathering, but I was drawn in by what I saw as it popularity online. I was also drawn to the ‘collector’ part, which I figured with give it this long term value which may attract buyers.
It took a month to sell, and I did reduce the price a few times after initially getting limited interest. The postage at £1.40 was much cheaper than the past few trades, though the whole trade was a much smaller scale – which was reflected in the profit £1.40.
Whilst this is nowhere near the £8.94 I made on the previous trade, it is still my second biggest ever profit. I can’t expect to find the crazy deals every time, so this level of solid profit is really good. The first purchase online has gone well, so there are now multiple channels that I buy from when looking forward to the next trade.