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That is why you don't put on an open forum what items you are selling. 16 sellers will drive the prices through the floor on an already cheap item.
OOOF! I highly suggest you delete your comment and ask again without saying you "don't feel like" searching for information that would be beneficial to you, before you end up drowning in chum filled water full of sharks who are going to rip you to pieces for being lazy.
He will not answer you with that type of attitude.
The purpose of your own website really comes down to control. You can't control if eBay or Amazon raise fees and squeeze your margins. You honestly can't control if eBay/ Amazon changes their rules for selling and kick all smaller sellers off! If you have your own website that you are getting your own sales through margins will be higher (no selling fees) and far more control of your destiny.
SO you d sell your own products on your website, as well as on Ebay/Amazon?
Correct, it is best not to have all your sales on just one channel. (eBay, Amazon, etc.)
It builds confidence. I have now sold about 110 of my product. I now feel like I can really sell anything. It's also nice to have capital from the business that now makes it risk free. I am the top seller for the product now, and after my next shipment I will be able to buy a larger order at a better price and reel in a few other sales that I feel I am losing out on.How does it feel now that you made some sales?
Well I ended the month of Dec with $90,000 in sales which is $10,000 short of what I was hoping. Considering last December I did 25k I guess 90k isn't too bad. Goal next December is 250k. We will see what happens.
Ecom man, question:
Figure those $8 our in your profit/costs.
I'm not Econ man but I thought that I could chip in. I think it all depends on your finances. If you are looking to make big money & don't see the benefit of selling items for $5-15 because of time then I think it is fine. For me personally my 2 main items profit me $5-$15 & a third that I picked up is around the same range. I don't mind the volume though because I can reach my modest goals of income with just commuting around a hour a day to packaging.
Yeah not bad at all I first started on November 7th. Yes Ebay but I do sell one of the products on Amazon. Sold about 20 on their in a month and a half. Don't have top rated seller status yet but from what I see and know I should get that by the 20th of the month after my next account evaluation.
Sorry about the delay in responding. I've been traveling with family and preparing for the new year.
I agree with what carburated said. Figure in the extra $8 when deciding whether to buy the item or not. Advertise the free shipping and include it as your cost of doing business. I always do free shipping and it costs me $5.35 or $10.65 for each item i ship. Include the shipping costs in as part of your sale price.
Sales do slow down in January. It is a part of retail. The reason why it is called Black Friday (day after Thanksgiving) is because that is when retailers start making money for the year. (Go into the black) As an online seller I make profit all year long but November and December are absolutely killer! Every product is different but sales do drop off in January compared to December in almost every category.
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