Accounting Page

Expenses and Income for the $500 eBay Experiment

This is the official accounting page for the $500 eBay experiment! Here you will see all of my profits, expenses and loses for my eBay experiment.

Find out more about the $500 eBay Experiment Here

This experiment officially started on August 7, 2008, with $500 cash. The goal is to take that $500 cash and turn it into a regular monthly income of $1,000 per month within 90 days. So this experiment should generate $1,000 income (after expenses) per month beginning November 7, 2008.

August 7, 2008:

$500 cash beginning balance

August 12, 2008:

-$150 Homeschool books purchased through Craigslist.

Balance: $350

August 15

-$150 for 3-Box Mary Kay lot

Balance: $200

August 16

-$9 Garage Sale finds: fishing shirt and mosquito suit

Balance $191

August 20

-$5 for more Mary Kay items

Balance $186

eBay Sales thru August 21

Actual sales $58.93 (not calculated in total; for information only)

$77.13 Total recieved including shipping charges

-$4.34 Paypal fees

-$10.16 Shipping charges

Balance $248.63

August 22

-$14.54 eBay Mary Kay lot purchase

-$45.47 Shipping Labels

Balance $188.62

August 23

-52.00 Garage Sale Finds

Balance $136.62

August 25

-5.78 Business Cards

Balance $130.84

August 26

-40.00 Mary Kay Starter Kit

Balance $90.84

eBay Sales August 22-28, 2008

$197.81 Total, including shipping charges

-$9.34 Paypal fees

-$43.51 Shipping fees

-$22.19 eBay fees

-$9.57 dropshipped merchandise cost

Balance $204.04

August 30

-150.00 American Girl Doll Lot

Balance $54.04

September 1

-20.00 Bead Lot from Craigslist

Balance $34.04

7.47 Mary Kay lot refund

Balance $41.51

September 2

60.00 BJU Books sold on Craigslist

Balance $101.51

September 2

-75.00 Mary Kay Lot Craigslist

Balance $26.51

eBay Sales August 29-September 4, 2008

$458.15 Total, including shipping charges

-$20.60 Paypal fees

-$67.46 Shipping fees

-$84.90 eBay fees

Balance $311.70

September 3

-60.00 Lot of 159 Games and Returns, Yahoo Groups

Balance $251.70

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