well i need help so i thought id post this i think its an intresting topic maybe a millionaire is on this site looking at my thread right now
and i dont know how to work out the % but its a £20 porfit atleast :D
Well it is pretty important. There are zillions of products you can make a £20 profit on if you are prepared to pay £160+ per item for it in the first place.
I would much rather sell 4 items at £10 each with 100% mark up rather than an item for £180 with a 12% mark up.
Last edited by realdeals; 02-15-2016 at 09:54 AM.
Reason: clarify post
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OK let me try and give you another example of why the profit margins are important.
Sadly there are a load of scammers on ebay. As an example lets say you have been scammed out of an item. If you have an item with a low profit margin, then you are going to have to literally do maybe 8 or 10+ sales just to cover the cost of the item you lost. If you have a high profit margin you may only need one sale, or even be able to still make a profit on your next sale after the stock value comes out.
there aren't many products you can buy that sell fast at £50 with £20 profit after fees. Even most fa kes don't have that, I don't even have any myself and I'm getting filthy rich lol, you need to lower your standards
Talking of Charity.... probably one of the easiest ways to make more than your £20 profit per item if you open your eyes.
Buying brand new clothes, never worn, brand names for £3-4 and reselling for £50... that will cover Haidukken's £20 fee for information and you'll still have £20 profit yourself