The Life Starter
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Course Library · Lesson 1 of 6
Money · Guided lesson

Screen an item before pricing it

About 30 minutes · 8 reading + 22 practice and checks
Time includes reading, practice, and questions. Extra videos or further study are optional.
See this course’s project requirements

A fictional resale feasibility file with an item screen, cost model, comparable sales, listing brief, return scenario and go-or-no-go decision.

Keep your working files in your own notebook or software. Save a private description, checklist, and work link in My Proof.

What to include

  • A resale-item screen with exclusions and verification needs.
  • An item cost sheet including fees, shipping and time. A comparable-sale note with a justified test price.
  • An unpublished condition listing and package-measurement brief.
  • A return scenario showing contribution, loss and cash tied up.
  • A resale feasibility decision supported by the full cost and return model.

Review and revise

Use these criteria to check your work and choose what to improve.

  • Calculations reconcile to the supplied records, with units and dates labeled.
  • Assumptions and missing information are visible, including the changed scenario.
  • The recommendation follows the evidence and explains an important limitation.
  • The six lesson outputs form a usable handoff that another learner can check.
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Before you begin

The idea in everyday life

Fictional candidates: T1 adult canvas tote, readable brand label, no known defect; T2 infant chair missing a restraint; T3 electronic charger with unreadable model and frayed cable. No actual inventory or purchase is required. “No known defect” is not certification of safety.

The idea

A possible margin does not make an item suitable to sell. Start with identification, condition and product restrictions.

Follow along

Screen an item before pricing it — worked practice

A possible margin does not make an item suitable to sell. Start with identification, condition and product restrictions.

Fictional candidates: T1 adult canvas tote, readable brand label, no known defect; T2 infant chair missing a restraint; T3 electronic charger with unreadable model and frayed cable. No actual inventory or purchase is required. “No known defect” is not certification of safety.

  1. 1. Identify candidates

    Record product, intended user and visible issue.

    You should see: T1 identified; T2 missing a safety part; T3 damaged and unidentifiable.

    Specific records support a screening decision.

  2. 2. Reject obvious risks

    Mark T2 and T3 EXCLUDE.

    You should see: Two candidates leave the practice shortlist.

    Do not turn unsafe products into margin exercises.

  3. 3. Set verification

    T1 still needs recall, platform restriction and condition checks before any real listing.

    You should see: T1 is REVIEW, not certified safe.

    An absence of known defects is not an approval.

  4. 4. Choose practice case

    Use only the fictional T1 tote for all later calculations.

    You should see: One clearly bounded item case.

    A simulation can proceed without a real sale.

Now change one thing

Three candidates include two damaged electrical products and one intact adult cloth tote. Under the exercise rule excluding damaged electrical goods, enter candidates left for further review.

Your work

What to finish

A resale-item screen with exclusions and verification needs.

Common mistake

Watch for this

Treating missing safety parts as a discount opportunity.

How can I tell I understand it?

Explain your calculation or classification and reproduce the changed case without copying the worked result.

Try 3 questions

Quick knowledge check

Answer all 3 questions. Get at least 2 right and the lesson completes automatically.

Not yet passed

You’ll get an explanation for each answer. Signed in? Your results save to your account.

1A recalled product appears profitable to resell. What is the correct screen?
2An electrical item has a frayed cable and unreadable model. Which decision is supported?
3An intact tote has no visible defect. What remains necessary before real sale?
0 of 3 answeredApply the lesson to a short question, then review the explanation.
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Finish this lesson

Pass the check. We’ll save the progress.

Answer all 3 questions above and get at least 2 right. You can review the explanations and try again.

Go to the knowledge check
Optional course overview video
EdspiraHow to calculate Gross Profit (aka Gross Margin)YouTube
Optional course overview

How to calculate Gross Profit (aka Gross Margin)

From Edspira. Watch here or open it on YouTube .

Optional course overview. Follow the written steps below at your own pace.
Tools, templates, and lesson sources

Tools and templates

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Sources and further reading

Explore the references behind this lesson.

CPSC Resale/Thrift Stores Information Center
Source & access notes · checked 2026-09-12

Inspected reseller screening guidance and scope, including recalled or unsafe products.

Access: Public page inspected without a sign-in; linked services may have separate requirements.

Reuse: Link to the original. Free reading does not imply permission to reproduce the page; lessons and fixtures here are original.

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