MrGr33n
Regular Member
- Oct 9, 2014
- 225
- 43
So found this method. Before I left for work today listed 2 items, one was 180 ish on amazon so I listed it for 10% more thinking that would be a good profit margin and I would be priced lower than others. Was really excited to find that someone had purchased it within two hours of listing! Just got home and first found that my paypal account needed confirmed and I won't be getting the money for about 3 weeks. Alright acceptable I guess. Also saw that 3% was coming out so essentially 6 bucks off of my portion. Then I go to place my order and tax gets put on... so I essentially just lost 2 bucks.
Lesson learned, be aware of tax and paypal fees.
At least I have the first one out of the way and should be able to get the money soon and have no problems after.
Any suggestions on pricing and what margin to shoot for. Or ways to avoid tax?
EDIT: Decided to just cancel the order from Amazon and refund the guy his money. Doesn't make sense to lose money and be out nearly 200 bucks for 3 weeks waiting on the funds to go through.
You need to be careful when manually entering prices and making sure that after fees you are profitable.
http://ecal.altervista.org/en/fee_calculator/
Use that next time to help