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Not Every Inventory Investment Pays Off

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As a seller, one of the things I love more than anything is making a nice profit on my items.

That’s the name of the game. Buy low, sell high.  Right?  Of course, the faster, the better!

While my goal is to make a living and to make the highest amount of profit I can off of each item I sell, sometimes I fall short of the goal. I would say that I am able to make a high profit most of the time but high profit margins aren’t always the case.

There are times that I make a bad investment, and it comes back to haunt me.

An item that I’m SURE will be a good seller ends up sitting on my shelf for months on end.  There’s even the really bad investment where not only does an item sit around too long, but I end up either breaking even or worse.

Yes, I admit that there are times that I lose money on an investment.  I try not to make a habit of it, but I’ll be honest.  It has happened to me a few times.

Here are some things that weren’t a good investment for me:

*DVD’s from the Dollar Tree. Even though I thought they were good movies, they sat there and I could hardly give them away.

* American Girl slippers for girls.  I thought these were super cute, but it took me three years to get rid of them and I ended up losing money on them.

* Sports stadium banks from Avon.  I purchased several of these at a great price on clearance from AVON, but they sat in my store a long time plus I didn’t make very much profit off of them.

* Antiques.  I started off on eBay listing antiques and while antiques are a good niche for some people, apparently they aren’t for me.

I’m sure there were others in the past 7+ years.  Sometimes a bad investment can be a good thing as a seller.  No one wants to lose money on an investment, but bad investments help us learn what our buyers want and don’t want.  Bad investments help us think twice before spending money on anything and everything.

Don’t be upset with yourself if you’ve made a bad investment recently or in the past. Analyze it and use it as a learning tool to improve what you invest in in the future.

Rachel

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