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eBay taking high percentage of sales?

Discussion in 'Making Money' started by Menhem, Jan 15, 2017.

  1. Menhem

    Menhem Newbie

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    Hello,

    So as many other people in here, I have also been trying different methods in regards to making a little bit of extra money online.

    Yesterday I started selling some stuff on eBay that I found for a cheaper price another place on the internet.

    Basically, I bought the stuff for like $42 and sold them on eBay for $48 - thus making a profit of $6 for every sale - or at least I thought so.

    This was the first time I ever tried this and within a couple of hours I had already made 3 sales and it looked like more was coming, so I decided to list more different stuff and make more sales.

    However, when I logged in to my PayPal account I saw Paypal taking almost $2 in fees and when I logged into eBay, I saw that they were taking $6 for every sale which meant that for every sale I made, I lost about $2.

    That's a very bad salesman who does this, but I want to ask, if this is really what always happens? I know Paypal takes fees, but does eBay really also charge you that much for each sale?

    I know many people in here does this same method, so what are your strategies? Or do you buy your stuff way cheaper that your selling price and are there not as affected by the fees as I was in this case?

    Thanks in advance!
     
  2. HostStage

    HostStage Jr. VIP Jr. VIP

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    Isn't it about some settings you have selected to promote your products on ebay ?
    Each "features" is costing you money.
     
  3. Menhem

    Menhem Newbie

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    I do not recall choosing any special feature. I can see that the fees are called "Final Value fee".