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What % are you happy with?

Discussion in 'Wholesale and Trade' started by T D Sales, Feb 15, 2013.

  1. Ives

    Ives

    Joined:
    Feb 19, 2013
    Messages:
    143
    I think ROI is what I've been working out when I'm try and find things to sell. Am I looking at the wrong thing? I'm looking at the cost to buy, the price I can sell it for, subtracting fees, and what I'm left with is what I get to keep! The things I'm looking at all leave me with £1 after everything is taken out. I think I'm looking at the wrong things. But I wonder if, when starting out, it's better to just go for it and get £1 per sale, while I look for other things with better profit (is that even the right word?? I'm all confused now!)
  2. T D Sales

    T D Sales Banned Member

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    1,032
    Ives £1 profit is fine IF you have a lot of £1 profit items or are selling 50-100 per day or if its a part time job, If you are full time doing this, then id research new products with better profit potential and don't just rely on ebay, there are dozens of ways to sell, utilize them all.
  3. Ives

    Ives

    Joined:
    Feb 19, 2013
    Messages:
    143
    What are these dozens of ways to sell? I can only think of Ebay, Etsy and having my own website. Or I guess, a B&M shop.
  4. T D Sales

    T D Sales Banned Member

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    Really, what about Freeads, Facebook, Amazon, Gumtree, SS, Market, Car Boot just to name a few.
  5. Pete

    Pete

    Joined:
    May 30, 2005
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    14,067
    Generally, ROI is not a measure of singular sales. It is significant when dealing with inventory on the shelves, the shelves themselves, even the tape and tape gun if you bought them, the physical assets of your business. How much do you have invested totally in the business and what are you getting in return? Could you do better in stocks, the bank, gold, etc.

    Forget the joys of trading, numerous as they are, given 1k, 10k, 100k, are you going to earn a high profit (return) one this business than some other investment. It's a long term, annual overview, not a transaction by transaction measurement.

    Generally, looking at gross and net profits is done monthly and quarterly. ROI is usually given a serious look at the tend of the accounting year / tax time when the "official" annual cutoff has been done.
  6. Pete

    Pete

    Joined:
    May 30, 2005
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    14,067
    Oh, where to begin?

    You can hit the car boot / market stall circuit.

    You can enlist others to sell for you on commission at home parties or their places of work.

    You can become a source of goods for churches, schools, clubs that sell goods to support their programs.

    You can wholesale, or even consign, goods to local merchants, pubs, bowling alleys, beauticians, etc.

    The stork does not supply the pound shops and such. They buy somewhere and you may have something they can sell.
  7. Ives

    Ives

    Joined:
    Feb 19, 2013
    Messages:
    143
    Oh yeah, I never think of Amazon! I could do that one. And Facebook I use in my other business, will check the others too, thanks!
  8. T D Sales

    T D Sales Banned Member

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    I think a lot of people get the impression that they can just sit on the PC for 10 hours a day, tap away and earn £100 or whatever,and no doubt some can, good luck on you if you can do that, but sometimes actual steps have to be taken, like getting dressed, getting off the PC and out and about selling, so that said......................Wheres my trousers ;)
  9. Ives

    Ives

    Joined:
    Feb 19, 2013
    Messages:
    143
    I don't know if was maybe unclear, I didn't mean where can I sell things in general, I'm already selling my handmade goods on Etsy and Facebook, I meant where can I sell products I'd buy wholesale, from China, etc. Probably a lot of things you'd sell on Ebay, you could also sell on Amazon? Where can I find out their fees, etc?
  10. T D Sales

    T D Sales Banned Member

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    Yeah but you can sell anything almost anywhere, it does not matter if its handmade or from china or from costco, you can sell where you like. Just saying ebay is not the only option
  11. eAuction

    eAuction

    Joined:
    May 27, 2007
    Messages:
    2,865
    Mine is a bit different because I sell services rather than products. I try to work to £50 an hour.
  12. Dirk Struan

    Dirk Struan

    Joined:
    Feb 13, 2013
    Messages:
    112
    I have been using ROI after shrinkage to select which lines to keep running.

    On this measure I have been making 30-100%.
  13. kyle6uk

    kyle6uk

    Joined:
    Oct 13, 2010
    Messages:
    236
    100%-400% for my main products. Don't hate :p
    Ems chocs likes this.
  14. Pete

    Pete

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    May 30, 2005
    Messages:
    14,067
    You can't make over 100% gross profit and that would be by picking up stones, sand or wood for free and selling it. If you have any cost at all for the goods, you cannot make 100% profit. The only way you might make more than 100% is if someone pays you to haul it off and you sell it.
  15. DarrenSpeed

    DarrenSpeed

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    I think they are on about ROI, not gross profit
    kyle6uk likes this.
  16. Gary

    Gary

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    16,364
    Although the thread originated about profit, but yes, I would safely assume that many are referring to ROI
  17. andrew page

    andrew page

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    Jul 23, 2012
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    644
    yup if im not tripling my investment im pretty much not interested
  18. kyle6uk

    kyle6uk

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    Oct 13, 2010
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    It's funny you should say that, I sell beautiful stones decorated with sand presented in a wooden box ;)

    But yeah I meant ROI.
  19. T D Sales

    T D Sales Banned Member

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    Thanks for the tip, you now have competition haha ;)
    kyle6uk likes this.
  20. T D Sales

    T D Sales Banned Member

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    Which must mean you deal in low-mid value items as buying for £1 and selling for £3-£4 is achievable as is buying for £10 and selling for £30-£40 but i cant see you buying many £50-£10 items and tripling on them.
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