Selling on ebay for the first time

nutsohazelnuts

Would it also be useful to look at what price point this item has been selling at as well as the price point other sellers have listed it at?

flyp

From working it out i set to make a profit of £190.60 this includes cost of packaging and stamps.

total fees (paypal+ebay): £ 67.00

So total profit of 190.60. But i think my posting is wrong because do i havt to go to the post office and send it off, how much would that cost?

cally6008

how much would it cost to post ?

we have no idea - we dont know the dimensions of parcel, weight of parcel or where you are posting it to

flyp

will have to go post office for that.

soolin

If you know the packed weight you can get details here:

http://www.royalmail.com/portal/rm/jump2?catId=400043&mediaId=26800663

However, having read and responded on both your threads I really urge you to take a step back and rethink this. You don't appear to have the basic understanding of a business plan and I am seriously worried that you are going to hit problems as soon as you start. You can't assume you buy say 100 items at £1 each and sell them all at £4 each and make x profit guaranteed, it doesn't work like that. You have to factor in a reduction in price when you enter the market and also the costs of unsold damaged or lost items.

Does any of this item ever go unsold, that is an added cost if it is the case as you still pay listing fees.

flyp

soolin wrote: »

If you know the packed weight you can get details here:

http://www.royalmail.com/portal/rm/jump2?catId=400043&mediaId=26800663

However, having read and responded on both your threads I really urge you to take a step back and rethink this. You don't appear to have the basic understanding of a business plan and I am seriously worried that you are going to hit problems as soon as you start. You can't assume you buy say 100 items at £1 each and sell them all at £4 each and make x profit guaranteed, it doesn't work like that. You have to factor in a reduction in price when you enter the market and also the costs of unsold damaged or lost items.

Does any of this item ever go unsold, that is an added cost if it is the case as you still pay listing fees.

Well this is my first time selling somthin thats why i am lacking knowledge. How much is the reduction? hm thats true, what would you suggest?

hstudent

A business selling on eBay can use business postage rates (less than what you pay at the post office) by getting a franking machine or agreeing to send a certain amount every day by courier. If your only sending out a small amount of parcels then it's more expensive post office rates so you'll struggle to undercut a business seller.

flyp

hstudent wrote: »

A business selling on eBay can use business postage rates (less than what you pay at the post office) by getting a franking machine or agreeing to send a certain amount every day by courier. If your only sending out a small amount of parcels then it's more expensive post office rates so you'll struggle to undercut a business seller.

But i am not a business on ebay, thats the thing. Dont really want to spend to much money just see how this goes and see. I plan to send 90 - 100 parcels. But i think being realistic 60 - 80.

The weight for the product is 2.5g

VanyaHargreeves

If you're buying to sell, you classify as a business and must register as one, and register to HM Revenue and Customs too.

soolin

flyp wrote: »

But i am not a business on ebay, thats the thing. Dont really want to spend to much money just see how this goes and see. I plan to send 90 - 100 parcels. But i think being realistic 60 - 80.

The weight for the product is 2.5g

As the item is under 100g it goes in the lowest weight band and as 2.5 g is actually less weight than a sheet of A4 sized paper there is every chance this can go as a standard letter which would be 39p 1st class assuming it will fit the required dimensions.

So selling at 2.29 would result in the following calculation assuming listing say 10 at a time as a BIN. 4p insertion (40 divided by 10) 23p FVFs 27p to paypal 39p postage and say 5p for an envelope. That totals 98p leaving £1.31 from which purchase cost cost per your OP is 93p leaving 38p on which you will pay tax.

Now if you have researched your market thoroughly and can guarantee sales of say 100 a month that would make you £38 before tax, from that you would have to hold some back against claims for non receipt or damaged items so say 10%.

That leaves you a profit before income tax of £34.20 on assumed sales of 100 per month.