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What is the best way to determine profit margin on used items?
If I buy used merchandise in bulk or sell my old stuff, how do I determine profit margin in relation to shipping costs and sales fees?
3 comments
kh-jean
·2 years agoHi everyone,
Due to the age of this thread, it has been closed to further replies. Please feel free to start a new thread HERE if you wish to continue to discuss this topic.
Thank you for understanding.
coolections
·4 years agoYou add the shipping cost and the fees, approx. 15%, add that to your asking price. Take the amount of the asking price - the shipping and 15% of the total and subtract that from what it cost you for the item at time of purchase.
Example: Bought widget for $10
Add $8.00 (shipping) + $2.70 (fees) = $10.70
Listed widget for $30.00 (already added shipping and fees).
$30.00-$10.00-$8.00-$2.70 = $9.30 profit
gl1020
·2 years agoDon't forget to add sales tax, and in California I don't pay sales tax on shipping unless it is combined with handling, or offered Free, then I would have to pay tax on shipping. And that is why I stopped offering free shipping. I'm saving money on tax as well as eBay fees as you know they charge you or I should say me 13.25% on sales tax as well as shipping fees.when i sell a $100 item w$25 shipping cost -V- $125 free shipping
I save $2.06 every time!!; check it out 😊