Why is TOM NAIVE right now?
Tom forgot that he has to pay ebay $120.00 plus end of auction fees at the
end of the month!
Now Tom needs to take let's say $130.00 - $200.00 from his profits. Tom
pockets $70.00.
Not bad but look at all the trouble Tom had to go through for $70.00 so what
Tom decides to do is put more auctions up to make more money.
Tom puts 5 more auctions up and he features them all.
The first auction Tom sells 22
The 2nd auction Tom sells 20
The 3rd auction Tom sells 10
The 4th auction Tom sells 4
The 5th auction Tom sells 6
Tom's screwed isn't he?
Let's see:
Tom sold a total of 62 items x $16.00 to purchase from his wholesaler=
$992.00
Tom Receives 62 x $24.00 from his bidders= $1,488.00
$1,488.00 - $992.00 = Tom's Profit $496.00
Tom NOW owes ebay for Featured Fees, Featured Plus Fees and end of auction
costs:
Tom's Profit $496.00 - Ebay's Fees= $650.00= Tom's New Profit $154.00
Was it worth it?
We are just so very against Featuring your auctions on ebay for $99.99 Tom
could have easily saved himself $525.00 and pocketed this.
What he did wrong was feature the same item too many times.
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Sunday, 14 December 2008
Why is TOM NAIVE right now?
Posted by Admin at 01:48
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