Ebay Strategy #1 Know How Much Your Auctions Are Really Making
There are many sellers who are working full time at selling on eBay. In fact, it is their primary source of income and yet they have no idea how much they are making, I mean really clearing from the whole endeavor.
It’s easy to get carried away when you first start listing on eBay by the sheer volume of work. I remember working well past midnight running on pure adrenalin and excited by the fact that there was money coming into my Paypal account daily from the items I was selling.
But like the great basketball coach John Wooden says, “Never confuse activity with actual achievement”. Just because you are moving like a whirling dervish doesn’t mean that you are necessarily meeting your financial objectives.
So how do you know how much you are really making on eBay? It is possible to figure it out but you have to start with real numbers. The traditional profit calculation:
Revenue – Expenses = Profit
can be somewhat helpful but only if you plug in the accurate numbers. The guy who bought something for $1.00 sold it on eBay for $5.00 and thinks he...
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