When selling an item on Ebay, can you mark up the price of an item that you bought, and then sell it?
I know for some items like clothing, shoes, and certain art pieces where the value doesnt decline so quickly, you can sell it at a higher price than what you bought it at. Can you buy an item off of Ebay, or anyplace for that matter, and then raise the price and sell it for more than what you paid for it?
That is the definition of retail sales. However, keep in mind that there is a cost of doing business, even on Ebay. So, be mindful of how much you spend on the front end.
Example- if you buy a used Armani T-shirt on ebay for $5.00 on ebay (which is a good price) and the seller charges you $10 shipping and handling…will you make any money if market value for a used Armani T-shirt is $20 when you have to pay a listing fee or some other kinda fee to sell the product?
Just something to think about.
Good luck!
Yes, of course it’s possible.
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That’s what about 50% of the people selling on Ebay do.
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yes you can
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Yes you can.. Its what every retailer does.
Depending on how much you make, you will have to report the income you make off of the transactions.
(What you sold item for) minus (what you paid for the item) equals your profit off the item.
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yes u can. thats business
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As long as people will buy it for more.
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That is the definition of retail sales. However, keep in mind that there is a cost of doing business, even on Ebay. So, be mindful of how much you spend on the front end.
Example- if you buy a used Armani T-shirt on ebay for $5.00 on ebay (which is a good price) and the seller charges you $10 shipping and handling…will you make any money if market value for a used Armani T-shirt is $20 when you have to pay a listing fee or some other kinda fee to sell the product?
Just something to think about.
Good luck!
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You can ask whatever you want for anything you sell on eBay. It’s just making it sell … if your price is resonable people will buy. If it’s too high people won’t buy. Some items are seasonal … sometimes it’s worth your while to sit on an item until it’s more desirable so you get more for it.
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