New Post Advanced Search

Coronavirus: The latest from MSE


The MSE team is working extremely hard to keep the info we have about your travel rights, cancellation rights, sick pay (and more) up to date.
The official MSE guides: NEW MSE Coronavirus Guides

NEWSFLASH
FOREIGN OFFICE TRAVEL ADVICE * FURLOUGH UPDATE * MORTGAGE LENDING

Help on postage

3 replies 191 views
Hello 
Looking for some advice on postage , recently had a box of plasterboard fixing bolts I sold them in 5s and 10s for around £1.49 each 
However I'm paying 61p for second class is there a cheaper way of sending screws bolts etc they don't weigh much at all and are very small 

Thanks 

Replies

  • martindowmartindow Forumite
    8.5K posts
    Part of the Furniture 1,000 Posts
    ✭✭✭✭
    Jrose1927 said:
    Hello 
    Looking for some advice on postage , recently had a box of plasterboard fixing bolts I sold them in 5s and 10s for around £1.49 each 
    However I'm paying 61p for second class is there a cheaper way of sending screws bolts etc they don't weigh much at all and are very small 

    Thanks 
    I suspect these should be going as a large letter at 83p second class as 61p for a letter which needs to be under 5mm thick (LL is up to 25mm).  Both of these prices are up to 100g. 

    If you risk sending with the wrong postage there could be a surcharge and a very annoyed customer.  Maybe you need to do some weighing and measuring to see if you could offer the bolts in different quantities to send a larger quantity for the same postage.


  • soolinsoolin Forumite, Board Guide
    65K posts
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    ✭✭✭✭✭✭
    I agree with martindow , I am surprised that these meet the dimensions for a standard letter . For lightweight items though Royal Mail are the cheapest , couriers tend to only want parcel size items. 

    Depending on the volume of your business you might want to look at a Royal Mail business account as there are some savings on letters and large letters depending on which service you choose. 
    I'm the Board Guide for the Ebay Board , Charities Board , Dosh & Disability , Up Your Income and the Local MoneySaving-England board which means I volunteer to help get your forum questions answered and keep the forum running smoothly. However, do remember, board guides don't read every post. If you spot an illegal or inappropriate post then please report it to [email protected] (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com
    New to Forum? Guide
  • edited 18 February at 12:43PM
    kangoorakangoora Forumite
    956 posts
    Fifth Anniversary 500 Posts
    ✭✭✭
    edited 18 February at 12:43PM
    Seems like you have found a small niche but it hardly looks worthwhile. It's (should be) costing you :

    • 20p per Paypal transaction (5p if microtransactions enabled)
    • 15p for Ebay 10%,
    • 83p for postage you should be paying (no way will plasterboard bolts fit in regular letter which is 5mm max),
    • circa 10p on small padded envelope
    • 5p item costs to buy?
    • 5p on printing label/ink? save a few pence by handwriting addresses (but adds time)
    •  If you have to drive to the post office then add something for fuel etc (maybe parking?) - HMRC rate is 45p/mile.
    Costs of roughly £1.38 per £1.49 sale (£1.23 for micro transactions) excluding any vehicle costs .
    Actually, the mileage rate could work in your favour, if it's 2 miles roundtrip to your local PO you could claim 90p for the trip and show you are operating at a loss unless you are selling 100s/day and apportion the mileage rate at a few  pence per order, which takes your profit down to circa 8p (or 23p per item) :sunglasses:
    By skimping on postage against RM size limits (dodgy), using regular paper envelopes (insecure), using Paypal microtransactions, handwriting envelopes etc you can push up the per item profit to about 50p - 60p I'd guess?
    Great if this works for you, personally I'd be considering if it was worth the time and effort, I'd want to be selling 100's day (which comes with it's own problems of extra time and effort)...........


Sign In or Register to comment.

Quick links

Essential Money | Who & Where are you? | Work & Benefits | Household and travel | Shopping & Freebies | About MSE | The MoneySavers Arms | Covid-19 & Coronavirus Support