My Business Acumen

I am a good salesman, I work part-time in retail and can move product and my customers are satisfied with what I sell them. At the end of the day the register is sated and the business continues to operate.

I recently entered into the online e-commerce world of eBay.  This should be an easy way to make a little extra ( little being the keyword), or so I thought. I placed three items for sale and today sold my first item. It sold for the lowest bid, but at least it sold, it is a start.

The item that I sold, my daughter used once and did not like the feel. We paid $35 for that item new. I sold it for $9. Wait it gets better.... Shipping cost me $3.25 and the bag to mail it in cost me $4, wait we are not done, my daughter used up all the shipping tape for some craft project so I also had to purchase a roll of that at $1.50. That totals $8.75, with a net profit of 25 cents. I am well on my way to being a 1%er. (Please ignore the fact the original cost of the item was $35 and it was only used once.)

While some of this is exaggerated-I did receive shipping cost from the buyer and I did get 5 bags for that $4, and who knows how long that roll of tape will last (especially if I can hide it from the daughter's craft works). It sure feels like I only made 25 cents on the whole exchange. I still have two items currently for sale, so maybe a little larger profit margin on those items is coming.

I just need to up my game.