How much have you made from eBay?

compbren

Been doing it on and off for the last year or so, only selling little bits and bobs but have made around £200 in the last year, could've made more had I put more effort in and have still lots to sell.

How much have you guys made?

Autumn86

compbren wrote: »

Been doing it on and off for the last year or so, only selling little bits and bobs but have made around £200 in the last year, could've made more had I put more effort in and have still lots to sell.

How much have you guys made?

Wow you seriously need to re-evaluate your business setup mate.. :eek:


I buy a few extremely popular clothing items direct from the Chinese manufacturing factories (buy it as wholesale of 15-20 items per order).

The total cost per item (including shipping from China to UK) is £10,
which when then sold on ebay sells for £36 - £50.


Takes approx 16 - 24days to sell all 20 items on ebay,
but its approx £30 net profit x 20 items = £600 net profit every 3-4weeks. :cool:



I source all my Chinese wholesale sellers through Tradekey.com
The site is a giant directory where you can search for international (mainly Chinese) wholesalers who sell the product you want to buy-to-sell yourself.

soolin

Autumn86 wrote: »

Wow you seriously need to re-evaluate your business setup mate.. :eek:


I buy a few extremely popular clothing items direct from the Chinese manufacturing factories (buy it as wholesale of 15-20 items per order).

The total cost per item (including shipping from China to UK) is £10,
which when then sold on ebay sells for £36 - £50.


Takes approx 16 - 24days to sell all 20 items on ebay,
but its approx £30 net profit x 20 items = £600 net profit every 3-4weeks. :cool:



I source all my Chinese wholesale sellers through Tradekey.com
The site is a giant directory where you can search for international (mainly Chinese) wholesalers who sell the product you want to buy-to-sell yourself.

Firstly I assumed OP is not a business seller as he mentions selling bits and bobs. If OP is a business then I agree a bit of expansion is needed, if only to make doing tax returns more worthwhile, I'd hate the hassle of reporting to HMRC for £200.

Secondly your figures do not include your tax and NI nor any import and duty charges.

I make money as a business on ebay and do very well, but with my private items through my private account I am just pleased to make a bit extra for stuff that I would otherwise have charity shopped or given away.

**Juice**

I've been selling on Ebay for about 8-9 years, just bits and pieces (mainly clothes, shoes etc) and I probably make about £200-300 every time I list stuff which is only about 4 times a year now as I don't buy as much stuff as I used to. I'm pretty strict about getting rid of stuff.

Autumn86

soolin wrote: »

Firstly I assumed OP is not a business seller as he mentions selling bits and bobs. If OP is a business then I agree a bit of expansion is needed, if only to make doing tax returns more worthwhile, I'd hate the hassle of reporting to HMRC for £200.

Secondly your figures do not include your tax and NI nor any import and duty charges.

I make money as a business on ebay and do very well, but with my private items through my private account I am just pleased to make a bit extra for stuff that I would otherwise have charity shopped or given away.

I keep all my income from ebay as personal private income.

soolin

Autumn86 wrote: »

I keep all my income from ebay as personal private income.

So you commit fraud against HMRC, have you seen the sticky thread on the eBay board from HMRC?

There is a also a warning on eBay itself about HMRC investigating sellers starting this month.

Autumn86

soolin wrote: »

So you commit fraud against HMRC, have you seen the sticky thread on the eBay board from HMRC?

There is a also a warning on eBay itself about HMRC investigating sellers starting this month.

No i never said that i ''commit fraud'', nor did i encourage anyone else to do that.


I merely said that i keep my ebay income private.

My ebay account isn't registered or connected to my current home address,
my surname on there is not my current surname.

All money i earn from there goes into a paypal account which also is not registered to my current name or current address.

And all money withdrawn from that paypal account goes into a bank account which is not registered to my current name or address.

sparklysaver

Hmmmm

'I never said that I "commit fraud"'

*gives complex explanation of how to commit fraud*

Cunning.

Autumn86

sparklysaver wrote: »

Hmmmm

'I never said that I "commit fraud"'

*gives complex explanation of how to commit fraud*

Cunning.

None of those actions were comitted fraudulently actually..

As i didn't create false imaginary names or addresses for the sole purpose of evading hmrc/the benefits department being aware of the existence of various accounts.


I used to live at a certain address many many years ago,
and at that time i opened an ebay account, paypal account, and bank account for that address.

I also had a certain surname back then, and so i used that name when registering all those accounts.

(All fully legal actions)


I then moved to live at a different address,
and also decided to change my surname through deedpoll.

(Both fully legal actions again)


I now have merely declined from updating my name or address for various online retail service accounts, as i have no legal obligation to do so. :beer:

olivetti

What is tax fraud?
Tax fraud is when someone pays too little tax or wrongly claims a tax repayment by acting dishonestly. Tax fraud is not about negligence; it must be a deliberate act. It includes:

individuals not telling HM Revenue & Customs (HMRC) about their income;

employers paying their staff without operating a PAYE (Pay As You Earn) system;

businesses not declaring some or all of their profits;

businesses not registering for VAT when they should;

businesses charging their customers VAT illegitimately;

traders creating large unpaid VAT liabilities and making fraudulent VAT repayment claims - Missing Trader Intra-Community VAT fraud;

retailers importing goods such as alcohol and tobacco without paying any Excise Duty;

individuals smuggling goods such as alcohol and tobacco into the UK.

The government can prosecute people who commit tax fraud, as well as anyone who helps them to commit the fraud.

From:
http://www.direct.gov.uk/en/MoneyTaxAndBenefits/Taxes/ContactOrDealWithHMRC/DG_10010579

http://www.hmrc.gov.uk/campaigns/emarket.htm

Pay up. You are not cheating HMRC, you are cheating every single resident of the UK.

HMRC have access to much more information than you are aware of, it is only a matter of time and the more you post about it the quicker it will happen.

soolin

'i'm not committing fraud' then goes on to explain how to commit fraud, hmmm

Seriously folks, don't try this at home. You might not get caught this year, or even next, but you will get caught and you'll end up paying a great deal more than you would have done by registering properly in the first place.