Wednesday, March 29, 2006
Whose making the money Ebay or You ?
Welcome to my Ebay Blog.
A friend was telling recently how his son started selling a company's items on Ebay.
He was soon selling very successfully, to the point where his turnover reached £1500 over two weeks.
At this point my friend decided that he needed to make sure his son was doing some simple account keeping for auditing and Inland Revenue.
Once they added up the listing fees, Final value fees, Paypal Fees, and his son's fees of £25 a week, he worked out that the company his son was selling for had made a grand total profit of £1.04 ! for a turnover of £1500, everyone was making money except the company whose product was being sold.
If you haven't already, then I suggest you make sure that you are making more money than Ebay by keeping simple accounts.
For personal Ebay Tuition, see my website here.
A friend was telling recently how his son started selling a company's items on Ebay.
He was soon selling very successfully, to the point where his turnover reached £1500 over two weeks.
At this point my friend decided that he needed to make sure his son was doing some simple account keeping for auditing and Inland Revenue.
Once they added up the listing fees, Final value fees, Paypal Fees, and his son's fees of £25 a week, he worked out that the company his son was selling for had made a grand total profit of £1.04 ! for a turnover of £1500, everyone was making money except the company whose product was being sold.
If you haven't already, then I suggest you make sure that you are making more money than Ebay by keeping simple accounts.
For personal Ebay Tuition, see my website here.
