I want to know something about selling
Hello everyone,
As I continue to study sales and the advice I come across, there is one thing I have come to realize.
I want to know if we make a loss when we sell for the first time? Isn't it?
This question may be pointless. Because this is something that suddenly occurred to me.
My opinion is that when we sell, we have to suffer a small loss.
I would also like to ask you about this.
I am waiting for your best answer.
Thank you for spending your time on this.
14 comments
rschissler
·3 years agoStarting sellers should not be selling, if they can't make a profit. That being said, the only time a seller should think of taking a loss, is if they have a large inventory that doesn't sell. Selling that unselling product at a loss, can generate needed cash, to purchase a more profitable product.
dreamation_designs
OP3 years agoHello rschissler,
Thanks for the advice .I will do my best.
Have a wonderful day .
mam98031
·3 years agoWhen I started selling here I was selling stuff that I made. I invested a lot in special papers, dies, paper cutters, etc. Then I worked myself into the ground bein a mother of two small kids and trying to get this business off the ground. I was losing money for sure.
Then I had to rethink what I was doing as I quite working outside the home because I wanted to be the one raise my children full time. That is NOT a slight or insult to women that work outside the home and raise children too. They work hard at it to and I respect that. But for me I had an opportunity to stay home with my kids, but we couldn't totally do without an income from me.
So it became obvious that I couldn't continue selling what I was selling. Then I ran across an opportunity to buy some craft books by the case. It was a blind purchase but I took the chance. I sold off all the equipment I had purchased for my initial business and actually made some good money off them. And then I started selling craft books. I've been doing that along with some other stuff every since. I had found my rhythm and it was working for me.
dreamation_designs
OP3 years agoHello mam98031,
This story is very important to me. I appreciate it.
I wish you all the best.
Thank you for spending your time on this
Have a great day.
mam98031
·3 years agoYou are very welcome. I actually enjoy selling on Ebay a great deal. My kids are now young adults now and they are both fabulous in their own ways. It was time well spent being here whenever I was needed and selling on Ebay offers a very flexible schedule.
I wish you the very best. Just remember, sometimes it is trial and error. What you start selling may not be what you find is something you really enjoy selling. And it is very important to find what you ENJOY selling. It can sometimes take a few years to discover what is best for you. Just stick to it, you will find it and be much happier as well as more successful.
Good Luck!!!
simply-the-best-for-you
·3 years agoWhat @inhawaii said. You absolutely do NOT have to incur a loss when you sell. I've never once had a loss on any item I've sold & I've been selling since 97.
If I wasn't making a profit, I would choose not to sell or choose to sell something else.
inhawaii
·3 years agoNo. When you sell you don't have to suffer a small loss.
What you have to do is figure out ALL your costs/expenses.
The cost of the item.
The cost if shipping.
The cost if ebay fees.
ANY other costs like supplies, packing material, packing tape, etc.
After you figure out your total cost, then you can decide wha to price your item at and how much money you want to make.
dreamation_designs
OP3 years agoHello inhawaii,
Yes, I do, but doing so increases the cost of the product a lot. Then I realize that orders are not being received. The reason is that the cost of production is higher than the price of the product.
Selling is not easy. anyway ,
Thank you for spending your time on this.
Have a wonderful day.
krazzykats
·3 years agoYou also pay eBay to sell here which is deducted immediately upon the sale.
Selling fees | eBay
dreamation_designs
OP3 years agoHello again krazzykats,
Thanks for that. I appreciate it.
Have a wonderful day.
ckimodog
·3 years ago@dreamation_designs
Yes, in business sometimes you will take a loss. We all do. There are no guarantees, so you have to work hard to make sure you are selling what people want at a good price with fair, fast & safe shipping, especially because you are an international seller.
Have you considered possibly joining the Ebay Academy? Here you can learn to become a trusted and proper seller while learning to build a business platform that will benefit you.
https://academy.ebay.com/student/catalog
Think about enrolling, that way you can ask less questions here and get the knowledge you need about learning to sell.
Good luck should you choose to join up.
dreamation_designs
OP3 years agoHello ckimodog,
Understood.
Why not, I am already a member of eBay academy. I will do my best.
Thanks for the advice.
Have a wonderful day.
mtgraves7984
·3 years agoMany sellers come here and take a loss when selling the first time. Be proactive and don't be that seller. Good luck.
dreamation_designs
OP3 years agoHello mtgraves7984 ,
Thanks for the spending your time on this.
I thought so too. I will do my best no matter what
Thanks for the advice..