here are many sellers who possible to figure it out but you
are working full time at have to start with real numbers.
selling on eBay. In fact, The traditional profit
it is their primary source of calculation:
income and yet they have no idea
how much they are making, I mean Revenue - Expenses = Profit
really clearing from the whole
endeavor. can be somewhat helpful but only
if you plug in the accurate
It's easy to get carried away numbers. The guy who bought
when you first start listing on something for $1.00 sold it on
eBay by the sheer volume of work. eBay for $5.00 and thinks he make
I remember working well past a $4.00 profit is way wrong. He
midnight running on pure has actually lost money on the
adrenalin and excited by the fact sale.
that there was money coming into
my Paypal account daily from the But to understand how he lost
items I was selling. money we need to look at the
right way to calculate your eBay
But like the great basketball earnings. If you have set $30,000
coach John Wooden says, "Never a year as your financial
confuse activity with actual objective then you need to
achievement". Just because you actually clear about $82 per day
are moving like a whirling on eBay.
dervish doesn't mean that you are
necessarily meeting your If you are looking to sell an
financial objectives. item that costs you $10.00 and
generally closes at auction for
So how do you know how much you about $20.00 with a 70%
are really making on eBay? It is sell-through rate, then you need
to list 12 of these actions a to list them. All auctions are
day, everyday, in order to clear not created equally. Some items
your $82.00 per day. are decidedly more difficult
and/or labor intensive to list
This translates to 70 auctions a than others; with clothing being
week for your item and it better one of the most time-consuming.
continue to produce for you. If
your weekly auctions go much over Photographing your items for
this 70 auctions per week you auction is one of the most
will surely have to hire help labor-intensive tasks you will
thereby adding to your expenses have to do for your auction. So
and wreaking havoc on your having an item that you can just
financials as outlined above. sell over and over again makes
the process of listing and
This scenario is not meant to relisting a lot easier. If you
scare you but to make you aware are selling unique, one of a kind
of the real dollars and cents of items then it becomes important
selling on eBay. So what is the to factor in additional time for
solution to this? To find and photographing items, in your
sell item that you can sell over calculations of the hourly rate
and over again, thereby reducing you pay yourself.
the amount of labor involved and
being sure that you buy low and Just like in any business,
sell high. keeping track of the numbers will
let you know if you are on the
You have to continually evaluate right financial track with your
what your time is worth and eBay business.
factor that into the items you
sell and the time that it takes
About the Author:
Stephanie McIntyre became a Platinum eBay Powerseller (making $10,000 a month or more) after er first 6 months. She now works with business owners offering training in eBay As An added Revenue Stream, and Advanced eBay Strategies.
Read more articles by:
Stephanie McIntyre
Article Source: www.iSnare.com
