Not sure your figures are accurate.... Sale price = 1253 Costs: Fees - 143 (debatable, more like 150, more if promoted) Cost price - 218 Shipping?? No mention of that, but £3 (minimum) per item, plus packaging - 108 VAT (surely you are VAT registered with all that stock and sales) - 20% 250 or a different scheme (lets say 8%) 100 Profit after these is 684 so £58 per hour However.... You need to pack them and drop them off which will add time and costs. Also there are 3 of you, so divide it by 3 and it comes to less than £20 per hour per person. Strictly speaking you should also add in storage costs, insurance, and all the other costs to run your business. If you are going to do it, do it right!
Word of warning about getting a van - van insurance can be crazy expensive (and not cover as much as domestic car insurance, even when car noted as used for business) - unless you need a large scale transit size van, recommend getting a car with a van base, so can get domestic insurance - something like a Citroen Berlingo or their Peugeot equivalent
@@stretchoxford7835 agree with this, I have van insurance but because I use it for my work you need “hire & reward” insurance my car insurance was £250 Van insurance 2000 it’s a joke
I started buying of Vinted a while ago but now buying of whatnot so many too many bargains on whatnot which is a killer 😮bought so many trainers so cheap and new and used plus bought 4-5 vintage duvet covers today which go for £50-80
Love to see you doing well, you’re the first reseller I watched a few years back now and the reason I started doing it! Always pick up Clark’s and hotter because of you 😂! Congrats on the success and keep going 🙌🏽🔥
@@bezzle123 obviously, but I wouldn’t picked them / bought them if I wasn’t confident enough they’ll sell just literally telling how much I paid how much there selling on eBay :) Checking eBay solds is key in this game
Do you have your eBay account as a business or as a personal account please as I am new and just starting out thanks you for your help I am in the Lincolnshire area
Not sure your figures are accurate....
Sale price = 1253
Costs:
Fees - 143 (debatable, more like 150, more if promoted)
Cost price - 218
Shipping?? No mention of that, but £3 (minimum) per item, plus packaging - 108
VAT (surely you are VAT registered with all that stock and sales) - 20% 250 or a different scheme (lets say 8%) 100
Profit after these is 684 so £58 per hour
However....
You need to pack them and drop them off which will add time and costs.
Also there are 3 of you, so divide it by 3 and it comes to less than £20 per hour per person.
Strictly speaking you should also add in storage costs, insurance, and all the other costs to run your business.
If you are going to do it, do it right!
Word of warning about getting a van - van insurance can be crazy expensive (and not cover as much as domestic car insurance, even when car noted as used for business) - unless you need a large scale transit size van, recommend getting a car with a van base, so can get domestic insurance - something like a Citroen Berlingo or their Peugeot equivalent
Yet i got a seven seater instead
@@stretchoxford7835 much appreciated on the heads up mate :)
@@stretchoxford7835 agree with this, I have van insurance but because I use it for my work you need “hire & reward” insurance my car insurance was £250
Van insurance 2000 it’s a joke
legend mate, defo gunna sign up to the discord now that I'm doing the resell thing more and more, great video as always
Legend! Thank you so much for watching 👀
I started buying of Vinted a while ago but now buying of whatnot so many too many bargains on whatnot which is a killer 😮bought so many trainers so cheap and new and used plus bought 4-5 vintage duvet covers today which go for £50-80
@@oiiReAPeRz things we love to see mate :) how’s business?
Love to see you doing well, you’re the first reseller I watched a few years back now and the reason I started doing it! Always pick up Clark’s and hotter because of you 😂! Congrats on the success and keep going 🙌🏽🔥
Love that! Thank you so much for the support and the comment love it! Up the Clarks bread and 🧈
Hi do you have a daily listing target on eBay
Do you wash/iron clothing?
i think you need to employ someone!
You maybe right there haha
I clicked on the link to the discord & it took me to Launchpass. The first link on there doesn't appear to work.
Launchpass Is correct ❤
Thanks Kieron great content 🎉
@@Rjacko272 thank you so much ☺️
Surely not profit till they are sold tho
@@bezzle123 obviously, but I wouldn’t picked them / bought them if I wasn’t confident enough they’ll sell just literally telling how much I paid how much there selling on eBay :)
Checking eBay solds is key in this game
@@RummageAround I meant the hourly rate part plus you may sell for less with offers.
@@bezzle123that gives us a 10/12% hour Leway depends on offers we’ve already sold a tonne of it already ❤
You say 'we' a lot but is it just you doing everything or are there others who work with you in the background.
@@lindasheppard4752 yeah there’s now 2 of us, my partner and we have an employee
Where did you buy your footwear racking from please?
Amazon mate 5 tier footwear rack
@@RummageAround thank you
Do you have your eBay account as a business or as a personal account please as I am new and just starting out thanks you for your help I am in the Lincolnshire area
Business 100%
@@RummageAroundu didn't answer the other question