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Reseller Lessons Of Week
Never Limit Yourself To One Account Or Outlet We had three pairs of shoes that got tons of looks on eBay but no one ever pulled the trigger.
Finally posted on Mercari and sold within 3 hours.
You’ve Got OPTIONS
When Listing Always Make Sure Your Account Shipping Preferences Are Visible On Every ItemWe posted a new item before bed which sold in less than an hour. This wasn’t surprising as it’s
right now. But buyer was in HI & shouldn’t have been able to purchase. Refund issued.
Always Factor In Potential Taxes & Shipping In Your PricingWhen testing some new items we rushed and forgot to factor in cost of shipping, sales tax and eBay fees.
Always use the eBay calculator tool to get your best estimate
https://finalfeecalc.com
Think Longterm About Income Taxes If you begin to truly gain traction and reach $20k in sales you will need to think seriously about keeping pristine records.
You should do this regardless really
However, $20k was the 1099k minimum for eBay to report to IRS in 2019
Be Patient & Pace YourselfIt can be easy to get anxious about wanting to make sales but understand that all platforms have an algorithm.
Pace yourself, price competitively and make minor tweaks on account daily to stay active in the eyes of the algorithm wizardry.
