Today was another good day of sales. I sold a total of 12 items, taking out all fees my profit was $48.49 for the day and my ROI (Return On Investment) was 820%. For the year my ROI is 719%.
For the year my lowest profit item was a Diorama I purchased. Lesson learned from this item was, the audience that is interested in this item is so small I would have to warehouse it a long time to get the price I wanted for the item. My goal is to move the items at a good ROI. When I sold the item I under estimated the shipping. I charged $30 for shipping and it cost me $48.99, so instead of breaking even I lost $14.11 (-31% ROI). This is an example of a bad investment if you are wanting to move product, if you don’t mind warehousing I could have held on to it and made money. When I realized my mistake I wanted to just break even as space is a premium.
For the year my highest ROI item is a book. I had a profit of $33.97 and a ROI of 67940%! Amazing find.
I was not able to list any items today due to my regular job. But I was able to have some of my employee’s help me going through my Library books making notes of any issues with the books. This will help in the listing process as this step will already be done. Many Ebay Sellers are able to list 100 items in a day. I still have not been able to do this. I will keep trying.