The little corner of knowledge

Profit calculator  Sometimes we sell items and only find out when we send it; that we are actually making a loss or breaking even when our goal is to make a profit! I started a spreadsheet to help me in pricing my items.  I especially used it when working out if I should buy new stock; by putting in the price per unit and researching how much it could potentially sell for.  I also used it when marking down prices of items that wouldn't sell.  It helped me work out the lowest price I could sell an item at in order to break even.  Just taking a stab in the dark with pricing is not something I like to do. It is nothing fancy; it is just a simple, easy to understand calculator for those who rarely use spreadsheets and prefer things kept simple. Link to my ebay profit calculator The percentages I have put in the spreadsheet are taken from the ebay and paypal websites on 28/02/2020. Fees can change yearly so always make sure you a...

So you have thought about selling online but want to do some research before taking the plunge? I used to sell online from the age of 19. It started off as my personal belongings and then took off into a business for a few years. It started slowly but in the end after five years I generated over £25,000 in sales which is not bad since throughout that time I had limited resources, finance; was working full time for some of the period; and was learning to do everything by myself; there was no help out there without paying for advice. I am going to write a few articles based on selling online in which I feel could be helpful for those who are not sure on whether to take the plunge or not. First of all; there are a bunch of things you should consider before making the commitment. How much money do I have to start up? Are you using savings or are you budgeting what your monthly income and expenditure is; and setting perhaps £100 a month aside to invest into stock? ...