This one was met with mixed reception and pressure seemed on from the word go.
We struggled as a group coming up with ideas - I kept thinking of the feasibility/safety of some of the ideas given the timescale; other pressures and the projected outcome of PROFIT.
I thought eBay - where in the past I had had success selling items, we may do quite nicely in terms of our profit it we get bidders bidding at the auction.
Initially the idea was met with some disdain and other ideas sought as more interesting ... I'm glad we didn't go with the dry ice and Vodka shots! (After today's horrific tale)
I remember saying in my very first blog post there is no 'I' in team but there is a me. Oh the challenges of team work ...
Anyway cut a long story short we went with the eBay idea. We couldn't decide on a unanimous product so we all pitched in to sell, either a used item worth in the region of £10 or a new purchase for £10 approx. ( remembering to take off fees )
I suggested toys; phones; clothes and in the end I decided myself to go with toys:
I found this really interesting article about LEGO and how the brand has been revitalised again with the development and production of the new 'Friends Range'.
So I bought brand new lego, off Amazon for a reduced price.
I checked out eBay for evidence of this product selling and found the exact same product had sold for about £10.
Set the auction of on Thursday night and then watched as it took place over 3 days.
There were 11 watchers on and about 9 bids on the lego.
It sold on Sunday night for £10.50 with postage quoted at £3.45 (may be less to post)
I paid £7.45 for it originally - so I made a small profit of about £4 after fees were deducted, giving approximately 54% profit.
For my presentation slides I decided to do pros and cons of selling on eBay - so that's tomorrows presentation.
Thank You and good night! See you again soon ...
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