New Trader Seeking Advice and Tips on My ebay Business Start Up
Hello everyone, my 1st post...
I've been working as a labourer on building sites for about 4 years, before that i had been workin on production lines etc and i'm dying to start something that will allow me to work for myself, all i want is around £200 a week to support myself, i've been braking my back on building sites for minimum wage up to now and i hate waking up aching in pain, i dont want to feel it each time i bend down to get the milk out of the fridge.
I've been reading posts on this site for a while now to learn a few things and
I have decided to start selling designer sunglasses (authentic) on ebay, I have found a supplier, I would be paying around £45 (including delivery) for a pair of sunglasses and selling for about £59.
Does anyone know (roughly) how much of the £59 i would be paying ebay and pay pal?
I estimate postage costs at around £5 and ebay+paypal fees at £3
so i think i would be making around £6 net profit on each unit sold, which means i need to sell 6 units a day to make £36 a day (net profit).
I would love your expert advice, Is this a realistic goal? what mistakes have i made in my calculations? have I missed something?
and also
am i better off listing as Buy It Now or as a Auction?
Thanks