Quote:
Originally Posted by Bowman1951
What does Amazon charge for fees? Not including ANY of his expenses, he only had to sell 72 of them at a $35 markup for the $2500 figure he is getting to. If 30 of them ate up his fees and he sold 100 or so....it makes sense.
|
I don’t remember and would have to watch the video again, but all of his accounting was incorrect
I was using eBay/PayPal fee structure when I originally sent the store list to my brother and was expecting he would clear 12.47 per game on eBay if he wanted to run around buying the games
Guy said he sold 171
$2,132.37 if he did everything right and fees are same on eBay/Amazon/PayPal
He messed up buying his own boxes 171x1.30 or so with tax 222.30
He estimated shipping at 8.00 per, he was paying 8.95 minimum and up to 14.85 if he shipped to NY/PA/LA... so add another 2.00 to his estimate 2x171= 342
564.30 minimum in unnecessary expenses
75.00 gas, he traveled like 16hrs or something he said it took him 2 meals, lets say 10.70 to make it even 650.00
2132.37-650= 1482.37 true profit is believable, depending on his tax bracket he likely cleared 800-1100