04-22-2022 06:58 AM
I have a question, I’m starting to sell new case knives is making $10 to $11 on one knife about the norm on eBay or am I doing something wrong?
04-22-2022 07:05 AM
Don't know anything about knives or their prices, but I'm sure you know your pricing should reflect the fact that you will have a final value fee calculated on the item price, the shipping and the state sales tax, if applicable. And I believe there has been, of course, a fairly recent uptick in the USPS price schedule.
04-22-2022 07:24 AM
selling is one thing and making money is another
I used to buy my watches with big chunks of cash
if you go to a knife show and spend $5000 can you sell them for $8000 in one month?
its hard to know what to buy to sell
as far as new items go its cut throat on pricing
maybe you can find a cheaper source of knives like a widow or a senior who is fed up with life or knives and wants to cash in
good knives just like good watches find there way to people with money to spend
I guess it all comes down to the fast nickel or slow dime
I prefer to wholesale to dealers that know whats going on VS the general public who can be much more fussy
04-22-2022 08:53 AM - edited 04-22-2022 08:54 AM
< is making $10 to $11 on one [Case] knife about the norm >
I don't know about the norm. But I do know about myself, and I can say that I would gladly pay $10 more than list if I can just sit here on my, er, couch, and find what I want, instead of having to drive all over town.
04-22-2022 09:02 AM
The $10 to $11 is after all fees and costs.
04-22-2022 09:26 AM
For most of the Case knives you have listed a $10 net profit would be a tad low. Not that you are doing anything wrong but your gross profit margins are probably too low. Alas, cutlery was one of the first categories in my old brick and mortar stores that were eviscerated by internet sales well over a decade ago, margins are low.
04-22-2022 09:32 AM
Take the price you paid for the item and:
Add in the amount you want to make for your profit.
Add in 15% for fees, etc.
Add in your shipping supplies, ink, paper, tape, etc.
Add in any other overhead you may have.
Add in your time.
Total all of those numbers together.
That total number should be the selling price of your item.
If that price is too high to be competitive, you need to lower costs somewhere or lower your profit outlook.
04-22-2022 09:44 AM
Have you searched eBay for items like the ones your selling? You can search both active and sold listings. That will give you some idea of what sells and for about how much. Keep in mind prices in venues like this can vary as the crow flies.