selling your stuff on Amazon - part 8 - advice for newbies in the first 2 posts

soolin

mishka ignore the RRP. The way you showed your profit, ie sale price after fees less purchase price= gross profit is correct. However from the gross profit on all the books you sell you can deduct all postage fees, costs of jiffy bags, sticky labels, part of your ink cartridge costs for printing despatch notes, um..in fact everything that you need to sell your books.

Another way of doing is is to lump it all together . Every time you buy books put that down as a cost together with all the envelopes purchased , Amazon fees etc. Take that figure away from your gross profit and th rest is what you are taxed on. That system allows you to have stock in hand at any given time.

Soo

mishkanorman

Thanks that was a great explanation, why do some people make it sound so hard ??

mishka

bukup

regarding tax....if your total outlay for everything (books,postage,packaging,fees) are say £100.00
and your total sales are £99.00....then you are not in profit....
No profit ,no tax....but do not forget to pay your national insurance still !
There are so many factors to look at,if in doubt,do not avoid it..ask...it is far safer than hiding your head in the sand !

foxybabe

Right, after much deliberation on another thread, I have just started to list a book on amazon (I already have a buyers account, and they havent asked for any more info, is that right?) and the amazon price is £5 lower than the lowest marketplace price. Should I match the amazon price? Surely it will never sell at £5 above their price.

cheers everyone

boston_uk

Mishka

Also don't forget that a percentage of your internet costs can also be an expenditure too .... and cd's for back up purposes ... Not sure you could claim use of home unless you had a specified room used solely for that purpose though.

Trouble is once you start working it out - somehow it doesn't seem very profitable at all!!!!

soolin

Just listed some more, I'm 9 short of my 800 books listed target, so will be on the prowl at the weekend. Had one of my best days ever today, 5 books sold, I could scarcely believe it!

I've also got a couple of very odd books here, no isbn and I can't seem to turn up anything on them at all so may have to discard them tomorrow. They are some sort of strange educational reading experiment and are childrens easy readers but spelt phonetically, the series is called A chans tw reed and the author is Richard Lansdown. The book spells things as they sound, so gold is goeld, no is noe and asked is askt.

Very weird and I was sure they would be useful to someone but have turned up a complete blank.

Soo

apprentice_tycoon

I claim for use of home and when I needed more storage the shed was claimed for too plus lidded plastic storage boxes, camera when it was new, memory card for the camera (that's ebay though), repairs for the computer, a percentage of a new computer when the repairs didn't improve the computer.....

GoldenEye

Just sold my 25th item for the month. I'm beginning to think I should have signed up to Amazon Pro-Merchant considering the half-price offer. I expect to sell a lot more items but I'm totally gutless to take the plunge!

boston_uk

I've also got a couple of very odd books here, no isbn and I can't seem to turn up anything on them at all so may have to discard them tomorrow. They are some sort of strange educational reading experiment and are childrens easy readers but spelt phonetically, the series is called A chans tw reed and the author is Richard Lansdown. The book spells things as they sound, so gold is goeld, no is noe and asked is askt.

It was one of the Education Department's weird fads some years ago - don't chuck them yet!!! It didn't work of course ( the teachers all said it wouldn't but what do we know??) and the scheme was soon dropped - there are still a few poor souls who can't spell because of it!

Not sure where you'd sell them but there must be a market if only for how not to teach reading!

boston_uk

Further stuff on regularised inglish

http://recycledknowledge.blogspot.com/2005_07_01_archive.html - there's a blog entry on it there if you scroll down ...

Not sure how you'd trace the books you have though. The original book expounding the theory was written by a Swedish chappie.

Hope this gives you a few more lines of research!