I know there's a few ebay sellers on here, so sorry for the totally non JW themed post... but...
I am out of work at the moment and the job situation is quite bad here in the UK for IT workers so I decided to start selling small items on ebay. With UK amounts in pounds sterling, this is how selling a 99p item with 91p postage breaks down:
Ebay final value fee: 10p
Paypal fee: 26p
Polythene Bag (when bought x1000) 1.25p
Sticky labels: 1p
Jiffy Envelope (when bought x 1000) 3.9p
Ebay insertion fee (divided by 10) 4p
This does not include: petrol to post office, running printer inks, running office and PC. Minimum wage in the UK which is £5.80 \ hour.
What you are left with is 62.8p out of which has to come the above not included items (especially your wages) plus your cost of actually buying in the product \ materials to produce what you are selling.
Anyway, a guy contacted me the other day and said, you have a great selection of products, but I need more of each one but I'll only pay half the price and had the cheek to add, "there is still enough profit in it for you". Cheeky git.
So, the bottom line is, I've enjoyed doing this and I have a couple of hundred happy customers, but can I really afford to keep doing this?
As usual any random thoughts appreciated.