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Selling on Ebay Profit or Loss?

Ebay takes my profit. Australia Post takes my cost price. Centrelink takes 50%. The tax man wants his cut and the buyers want it all for free. Seriously?

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Selling on Ebay Profit or Loss?

hi

 

i only sell on here to fund my buying on here

 

lol

 

tara

Message 2 of 16
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Selling on Ebay Profit or Loss?

Who was it that said

 

Life Wasn't Meant To Be Easy.....?????   Malcolm Fraser

 

Thats Life......???? Darren Hinch

Message 3 of 16
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Selling on Ebay Profit or Loss?

Refer my answer on your other whinge thread.

 

Did you research your market before you started selling? Read the buying boards to gauge the level of distrust towards newbie sellers? Dip your toes in the water before opening a shop? No?

Message 4 of 16
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Selling on Ebay Profit or Loss?

It all depends on what your selling and how are you selling I know people that buy from op shops or markets just to try make a profit will make a loss

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Selling on Ebay Profit or Loss?

You might need to put your prices up. Buyers would like to get it as cheaply as possible, that is very true. We all love a bargain. But I will let you in to a secret. If we really want it, we will pay for it, even if it costs a little bit more than some other cheaper looking items.
Message 6 of 16
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Selling on Ebay Profit or Loss?

Numbers?

 

That's the sort of place I get my stock from. I don't make a lot of money, but I certainly don't sell at a loss.

 

It's amazing how many relatively rare books turn up in Lifeline or Op shops for less than market value.

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Selling on Ebay Profit or Loss?


@kerryvonhoffshaw wrote:

Ebay takes my profit. Australia Post takes my cost price. Centrelink takes 50%. The tax man wants his cut and the buyers want it all for free. Seriously?


As others have mentioned, there's actually quite a bit of time and work involved in creating / building a successful eBay store; it's rare (especially these days) for someone to be able to find long-term (or even short term) success straight away with a couple of niche items, particularly the kind where a lot of people probably have established retailers they already purchase from.

 

Selling a few items at a loss is quite a common technique, and you have to effectively view it as advertising (that is, offering the opportunity for an item below cost/market value vs paying money for an ad somewhere, to try and bring traffic to your store). I'm not saying everyone needs to have loss leaders, but that it can ultimately work in your favour if you try it. 

 

If the standard prices you are charging are not covering your costs (and IMHO it is better to look at profit/loss from an overall point of view rather than on a per item basis), then as others have suggested you may need to rethink your prices, or perhaps just some of them.

 

I also agree that utilising the 40 free while you establish yourself is probably a good idea - your gallery images look great, but I think your listings would also benefit from a little re-organising of the description. I personally prefer a 14 point font for descriptions, with the item being sold very clearly stated. While it's great to have the info you've included re: white sable brushes, there's three different brushes shown in the first listing I looked at, and some buyers may be unsure of whether they're getting one or three brushes, and/or in which size. Some may go ahead and assume the listing is for all three and be disppointed when they receive their item and find out they don't - it's always better to be safe than sorry. 

 

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Selling on Ebay Profit or Loss?

Anonymous
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I buy from markets and op shops etc and I can tell you that I don't make a loss - quite the opposite in fact.

 

I dont understand why you would tell Centrelink and the Tax man that you are selling on Ebay not unless you are making a fortune?

Message 9 of 16
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Selling on Ebay Profit or Loss?

It might have something to do with the fact that Centrelink AND the ATO require people to declare every cent they earn. The penalties are, I believe, quite hefty, so only a mug would think that selling online, in full view of the world, would not attract attention from the relevant authorities.

 

However, unless times have changed, most Centrelink payments have a threshold, after which it is a 40c in the dollar reduction of benefits and the tax free threshold is about $18k a year, which also allows a significant margin over any benefits. Especially disability pensions. They have around $70 per week before benifits are reduced, on the above lines, and are exempt from income tax as far as the threshold is concerned.

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