How to avoid listings costing you rather than profiting

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This guide is really for SMALL VOLUME sellers who sell a few TEXTILE based items a week i.e. tops and jeans. They are basically old things they no longer need or have space for. I've bought stuff from ebay and worked out that it actually cost the seller money to get rid of it. However, the info can be applied to any seller wanting their items to end up profiting, even if it is a tiny amount.

This guide is basically aimed to help you choose what to sell, how much to sell it for, and whether there is any point and if you should just take it down the charity shop.

FOR A SUMMARY, PLEASE SKIP TO THE END

1. When putting a listing on ebay, search completed to see realistically how much you will sell your item for. Contrary to popular belief, clothing items rarely sell very well, and a lot from topshop and big brands end up selling for less than £3 including postage. You need to put your starting price HIGHER than the amount it will cost you to send the item and recieve the money for it, which we will cover in the next part. NEVER list items for a starting price of 1p. I wouldnt suggest you start it below 99p EVER. This is because lets face it... people on ebay are cheap and want a bargain. Either that or they are looking for a rare, expensive item. What happens a lot of the time is that bids are made in the last 5 minutes of small amounts, and you will end up getting £1.04 for an item which will cost you more or almost as much to post.

Once you have searched completed listings, you should know how much your item is likely to sell for, so try to start it close to that amount. That way you wont get bargain hunters trying to snap up a cheapo item at the last minute.

2. Once you have worked out how much you are likely to get for the item, it is time to work out how much it will cost you to sell the item, so you can list it properly. Lots of people start selling prices low to get attention but this backfires almost all of the time with used textile items as there are few bidders to raise the price to a reasonable level. My advice is to start the price at an amount that will give you at least £1 profit. This part will just tell you how much it will cost to list. You have to take into account paypal, ebay and your P&P fees.

EBAY LISTING FEES, FINAL VALUE FEES AND PAYPAL FEES

Use the link provided to calculate how much it will cost you to sell your item

http://www.ebaycalculator.co.uk/

This is one of the easiest tools to use. Once you have used this, you can see how much you are likely to get for an item, and whether the costs are likely to make it worth it. If you are unlikely to make at least a £1-2 profit on an item, it'd rarely worth it as it will take you over an hour to list, pack, and take down the post office. So... £1-2 for an hours work... you decide if it's worth the hassle.

SUMMARY

-Use completed lsitings to work out how much you will get for an item
-Use the fees calculator to work out how much it will cost you to list the item
-See the difference in amounts, and work out if it's worth an hour of your time to photograph, list, pack, and post the item, or whether you should add it to the pile of stuff going to the charity shop.
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