Selling 99 cent items

[violet510]

Is selling 99 cent items good or bad

[reallynicestamps]

There is a service charge of 35-40c on every sale.

And you are charged 13.6% on your customer's ENTIRE payment, including shipping and sales taxes.

Even if you get things free, you are probably losing money.

Even if you get things free, once you factor in your labour at the local minimum wage, you are definitely losing money.

[toysaver]

Even Dollar Tree decided it was a no go.  If they can't do it nobody can.  

[redmodelt]

.57 cent loss, you forgot the transaction fee. 

[tobaccocardyahoo]

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@violet510 wrote:

Is selling 99 cent items good or bad

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Only 5 of the 20 items you have sold in the past 90 days meet my criteria for selling for a price worth having a customer.

Each of us should have a minimum price to be worth the effort to list an item and fulfill an order, and the minimum profit we require.

IMO you are not making the minimum wage for 75% of the items you are selling.

[susanb1872]

@redmodelt  It was included. But I realized that the OP also sells jewelry which is a higher fee so my revised calculation is a fee of $1.25 on a 99 cent jewelry sale. Included is a per order fee of 30 cents on items under $10. However, if the OP uses the discounted postal rates, they might be able tp breakeven on the transaction but this ignores the original cost of the item and the labor involved.

[12345jamesstamps]

Selling items that one already has...that's the beginning of a profit.

Attracting potential buyers can happen with .99 cents items for sale.

If a buyer buys 20 items at 20 bucks that's 20 bucks.

 And if one sells .99 items one might get 'repeat buyers'...helps during slow periods in time.

If one can obtain the cheapest way to ship those items there is still a profit....discounted stamps, tape, envelopes...free boxes....no tracking.

So, as a seller selling .99 cent items with free shipping...there's is a profit...I got a 1099k this year...LOL

[onefootflipper]

The transaction costs eat up almost the entire 99 cents. It is impossible to ship these items fast enough to make a profit, and the margin is so low that a single refund can wipe out the "profit" from 50 sales, and that is if you get your products for free.

I have run numbers and timed procedures extensively and 2.99 plus shipping is the lowest price I will deal with now.