Passive Earners

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Friday, May 16, 2008

Bitter Lessons in Selling and Real Profit

Passive Income

Or what I’ve Learned on eBay/Amazon this week. I managed to get hold of 10 Wii Fits at £70 each which I sold practically instantly on Amazon for about £115. Sounds good huh? Well it cost me about £15 each to post them, plus I had Amazon fees. My final profit was hardly worth it.  I have also started to import a DVD set for about £7 which I can easily sell for nearly £13; however same sad result when I add all my costs. I guess that’s business, just shows you how big your margins have to be.

I did however learn how to pack large objects. I ended up using those large black bin liner sacks to wrap the Wiis up in and then sealed them in with lots of brown tape.

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