eBay Profit Management aka Accounting?
I am an eBay seller who sells a large variety (about 100) unique magic tricks. my main concern is about managing my profit to the penny. At this point, I feel confused and I feel like my "business" is managing me instead of vice versa. Basically, I don't even know how much profit I am even getting. I made a list of my Expense Variables for reference. I appreciate any help provided!
ebay store charge: $15.99/month
eBay store listing charges:
eBay auction listing charges:
PayPal fees:
cost of goods from wholesale company:
Cost to ship goods from wholesale company:
cost to ship goods to customer:
Thank you so much,
Andrew Sklyar
Revenue (Gross sales) less expenses is net income. Keep your expenses high and you have less tax to pay on profit.
Are you using a software package or spreadsheet to manage all this.? You seem very aware of what your costs are, are you happy with the money in your bank account? Can you charge more and still sell? Do what you do best (sell) and rest will come.
Cartoon Deck of Cards Close Up Magic Trick my Demo for eBay Auction | Card Toon | Cardtoon