Posted 2 Apr 11 12:48 am.
After months of preparation I finally started making sales both online and offline. I was so excited when I made my first sale on ebay then more of them continued to pour in. Then I noticed by the time the money made it to my paypal account it wasn't much more than what I paid for it at wholesale price. For example. I bought a pair of jeans at wholesale price of $19.00 regular $50.00. I chose to sell them on ebay for $33.00 with $7.00 shipping. ($40.00)
Ok, here's the break down which I'm sure you already know how this works:-)
Insertion Fee $0.50
Final Value Fee $3.96
Paypal Fee $1.26
Grand total of $12.72
Total Net Profit $20.28 Which I brought at wholesale for $19.00
That's along way from the initial $40.00. If you try and increase your prices, ebay increase there prices. Which brings me to the question, how are people make money on ebay? It seems more of a ripoff and not worth the time and effort. Please tell me I am wrong about all this?