Step 14 complete - Right up to date in 2012

A bit of an update.
I have not made an update in a few years, as I haven't done much doubling wise, but I would like to get back into this now, so here is what I have done since the last update:

Bought intelligent remote control for £25, sold for £50 Profit £25
Sold all USB link cables with less profit than my first sales, but still made £35 in total. Profit £35
Bought 2 Paul McKenna audio CD sets for 4.99 each and sold for £20 Profit £30.04

By selling on forums, I've found that I can get a better deal, with no fees.
All of this takes me up to step 15, with £116.87

Total = 26.83+25+35+30.04= £116.87
Total Assets - 0
In Step 15 - £80 - 160

Step 14 - Progress

I'm at Step 14. As there are only 28 steps, that means that I'm half way there !
Well, not quite half way to a million, as I'm only on £40-£80 at the moment.

But I do think that I've done well. I started this challenge on Nov 4th 2008. So I've only been doing it for 2 weeks. So within 2 weeks, I have gone from 0p to £40.

I know that £40 isnt much money, but considering that I earned that from nothing, I think its good.

My plan for stage 14 is to just sell my current stock.
That should take me to over £90 in total, so I could lower my prices to get possibly quicker sales if I want to get to the next step faster.

Total Cash - 26.83
Total Assets - 14.95
Overall Total = £41.78
In Step 14 - £40 - £80

Step 13 - Complete

Things aren't going too bad on the Ebay front.
In the last week I've sold another 2 LapLink cables
Cable 1 = 13.99 sale price - 1.38 ebay costs = 12.61

Cable 2 = 14.49 sale price - 1.48 ebay costs = 13.01

Thats a profit of about £10 each considering the buying cost of 2.99.
I still have 5 left so that will be another £50 profit when sold.

Total Cash - 1.21 + 12.61 +13.01 = 26.83
Total Assets - 20.93 - 2.99 -2.99 = 14.95
Overall Total = £41.78
In Step 14 - £40 - £80

Book recomendation - Share Trading

I've been recommended the following book to learn about Shares trading.

The Naked Trader: How Anyone Can Make Money Trading Shares

You never know when I will have enough doubling money to start trading!
So I have ordered it, and will let you know what I think.

Step 13 - Progress

The last sale went so well, that I've bought 6 more cables to sell - Cost = 17.94

The actual profit for my last sale was:
12.99 (sale price) - 1.33 (listing fee) - 2.99 (cost) = 8.67

I still have 1 cable, so if I can sell all 7 with the same profit, that gives a profit of 60.69.
Thats quite a bit more than doubling, but I'm not complaining! It would theoretically take the total to 82.83

Total Cash - £19.15 - 17.94 = 1.21
Total Assets - £2.99 + 17.94 = 20.93
Overall Total = 22.14
In Step 13 - £20 - £40

Step 12 - Complete

I changed the ebay listing to BuyItNow for 12.99, and it went in a few hours - that was quick!
Adding buyitnow costs 20p extra, but its definitely worth it to get a quicker sale.
I may have to buy a few more of these.

Sold the 2nd LapLink cable for £12.99.
So profit = 12.99 - 1.33 (listing fee) = 11.66

Total Cash - £7.49 + 11.66 = £19.15
Total Assets - £4.98 - 2.99 (cost) = £2.99
Total = 22.14
In Step 13 - £20 - £40

Step 12 - Progress

After the succesfull sale of the PC LapLink cable, I thought I would buy another 2 of them.
If I can make £5 on each sale then I would complete Step 12.

So I paid the same £2.99 each for them.
One is on ebay now, and I was going to put the other one on after it had sold, but I'm thinking of putting them on as buy it now, as I dont think I can wait 7 days for them to complete.

I know I should be concentrating on the step in hand, but I'm trying to think ahead to future steps. I think its easy to make £5 on a sale, but it will be a lot harder going from £80 - £160. I think I will have to change my plan once Im at that step.

Total Cash - 12.47 - 4.98 = £7.49
Total Assets - £4.98
In Step 12 - £10 - £20