When looking for new items to sell, What do you conisder a decent profit off each item? I know each item and pricing will be different. Lets say you pay $19.95 for an item and sell it for $25, is a $5 profit considered good?
Last edited by TGMT²; 12-05-2012 at 03:27 PM.
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I look for more than 25% on low to mid value items .
$5 profit less fees and the likes doesnt leave a lot unless your selling hundreds a day .
I generally aim for 100% markup this then leaves me something after being raped by EB and PP for there cut.
But if your going to shift volume at $5 a go may be worth a try but you dont want to be a busy fool ..
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Well Da!m, I need to put in some hours and find something better! lol I have a few items that I make about 3x what I pay for them, but something they cause me trouble...
You'd be making just over 20% on that. That is actually very good markup for a "legit" product. And if you are able to sell a lot of this item then you are doing great.
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volume vs profit.
always a sticky one .
all that matters is the gross amount deposited in your accounts every day and what you have to pay from this .
I personally prefer to sell less and get more but thats just me .
Ive done the 1000s of items a week to gain small margins and the only winner in my eyes was the couriers and EB PP
Sonow i mark up more so im the winner .
Yes i sell less but i make more .
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When looking for new items to sell, What do you conisder a decent profit off each item? I know each item and pricing will be different. Lets say you pay $19.95 for an item and sell it for $25, is a $5 profit considered good?
if you are selling 1 a day then no. if you are selling 20 a day now we are starting to talk. everything depends on volume. it is very hard to compare models to other companies, sometimes there are industry 'standards' but that is for bigger companies. if you are making good money each year that is all that matters
Well Da!m, I need to put in some hours and find something better! lol I have a few items that I make about 3x what I pay for them, but something they cause me trouble...
When looking for new items to sell, What do you conisder a decent profit off each item? I know each item and pricing will be different. Lets say you pay $19.95 for an item and sell it for $25, is a $5 profit considered good?
Is that $25' then eBay fees, then PayPal fees then shipping fees?
My best item I buy for $7.69 I list on eBay as an auction for 69.99. Some bid up to $100.
My limit is 10 and I did that item 10x for each of the last two months.
If my limit was higher I would lower the price but I can only sell 10 so Im trying to get the most. Also, eBay is full of the same item for $20-$30 so you don't always need to be the cheapest.
I can turn $500-$1000 into $20,000 easily over a few months. And when you do this with 200+ items....well you can do that math. So to answer your original question I do not think that is great profit but if you are doing it in volume than you will be rolling in money.
as others said im happy with any profit. I go for 10-20% for anything I sell. It adds up if you sell alot. Im shooting for 40k sold from dec1-mid jan. so for me, ima get paid
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What's more important is purchasing very cheap items that sell like hotcakes e.g. wholesale price $7.25, and reselling for $40-$60 each, selling around 10 per day, it adds up in the end to the point where if you're humble, and don't want to be greedy you can just sell for 1 week per month instead of EVERY SINGLE DAY BEING STRESSED OUT!!!
What do you consider a good profit>? 
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