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<p>[QUOTE="Garlicus, post: 2415452, member: 73190"]Almost doesn't seem worth it, especially if you have payment processing fees on top of everything else, unless you are selling higher priced items.</p><p><br /></p><p>Does Amazon cover the shipping costs for Prime members, who get free shipping, I believe? (don't know, don't use Amazon)</p><p>Don't forget, the government wants "their share" of the profits, as well.</p><p><br /></p><p>+ sell for $150</p><p>- your cost $100</p><p>- Amazon's cut $7.50 + $1.00 = $8.50</p><p><u>- govt's cut $12.45</u> (assuming 30% combined federal and state income tax)</p><p>net profit = $29.05</p><p>profit margin = 19.36%</p><p><br /></p><p>This does not include your labor cost (time & effort) and other expenses, such as use and depreciation of your vehicle, if applicable.</p><p><br /></p><p>That being said, if this is something that you are passionate about, and the numbers work for you, I wish you the best of luck. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="Garlicus, post: 2415452, member: 73190"]Almost doesn't seem worth it, especially if you have payment processing fees on top of everything else, unless you are selling higher priced items. Does Amazon cover the shipping costs for Prime members, who get free shipping, I believe? (don't know, don't use Amazon) Don't forget, the government wants "their share" of the profits, as well. + sell for $150 - your cost $100 - Amazon's cut $7.50 + $1.00 = $8.50 [U]- govt's cut $12.45[/U] (assuming 30% combined federal and state income tax) net profit = $29.05 profit margin = 19.36% This does not include your labor cost (time & effort) and other expenses, such as use and depreciation of your vehicle, if applicable. That being said, if this is something that you are passionate about, and the numbers work for you, I wish you the best of luck. :)[/QUOTE]
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