Is £2.50 profit on ebay ok ? I have about 30 Sales aday?

Question

Is £2.50 profit on an item ok ? or should i be trying to get more ,

Iv been selling about 30 items aday so thats £75.00 profit aday.

Answer 1

If you work it out over a year, it comes to more than £27,000.... so it's not too bad.

Answer 2

the price you sell the item for should be as follows.

1/3 of the price will cover the cost, 1/3 of the price will cover the tax and 1/3 of the price will be profit. (the cost is what your purchased the item for).

so it depends on what you sell it for and if the tax is only 1/3 of the final price. If the tax you pay is MORE than 1/3 of the final price, then you are selling the items for too little.

Answer 3

Hi

rather than look at the actual figure you should be looking at % profit

I would expect a return of 13%-40% depending on the nature of the product type.  Some products command 100-200% profit - unfortunately you do not give any information of product type to be able to give specific information.

I hope you are registered for NI etc as HMRC and the tax offices across the EU place a careful watch on sales in the EU and you can be faced with a 6yr bill if you are not declaring everything.

seems like you are doing very well.. keep it up

Mike

htp://www.rapidbi.com

Answer 4

if it's good for you then it's good

Answer 5

We sell around 10 things on e-bay a week. For us it's a hobby. We work full time and the income we make supports the hobby - it's never going to support us.

If you're selling 30 things a day on e-bay then that's a business. You have 30 things to prepare, package, transport to the post office, get proof of posting for etc.

It does not leave much time for anything else so if you are happy selling your time for £75 per day that's a good deal. If your time is worth more then it's not

Answer 6

Im telling the tax man

Answer 7

£2.50 sounds fine too me for 30 sales! - but it does depend on the item if you aremaking £2.50 profit if its a small item then its fine but if its a car for example that would not be good!

But £75 profit a day for sitting at home is not bad and is more then I get paid a day!!:'(

Anyway - good luck with your eBay business!