I'm curious what the average Daily Sell-Through rate is across the board.
Obviously, the sell through rate is heavily reliant on a ton of different factors.
I'm just curious if there is a super broad number I can use as a base to be able to crunch some numbers and set goals for myself. If I can figure out an average sell-through rate with a goal of x profit per month, I'll have an idea on how many listings I need to have active to meet that goal.
Example;
If I had a goal of $10,000 per month with an average profit of $18 per item, I'll need to sell 556 units a month. Using a 15% monthly sell-through rate, I'lI know I need to have around 3,700 items active at all times, which should result in around 18-19 sales per day on average. (0.5% (0.005) Daily Sell-through rate)
- 3,700 items active
- 556 Items Sold within 30 day period
- 15% Monthly Sell-through rate
- 18-19 Items Sold Daily
- .5% (0.005) Daily Sell-Through rate
*This also tells me it takes around 6.7 months to clear out inventory*
Should I use 0.5% , 1% , 5%? Anything in between?
