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Forum
-> Household Management
-> Finances
amother
OP
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Sat, Nov 23 2019, 8:59 pm
I have an item that I’m interested in selling on amazon.
It costs me $10
I’m curious about how much I would have to sell it for to make money on it.
(As in how much markup makes sense)
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singleagain
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Sat, Nov 23 2019, 9:01 pm
Depends on what it is. And how new it is
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small bean
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Sat, Nov 23 2019, 9:02 pm
How much does it weigh? Will it be fba? What category as the fees vary?
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honeymoon
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Sat, Nov 23 2019, 9:06 pm
you can figure out your total costs and profit on the Amazon fba fees calculator.
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amother
OP
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Sat, Nov 23 2019, 9:38 pm
Thank you
Not sure exact weight but it’s in the blanket /clothing category
Thanks for the fab calculator idea!
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amother
Gold
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Sat, Nov 23 2019, 9:50 pm
I do bookkeeping for a company that sells on amazon, mostly fba, and overall, I see Amazon total expenses are about 35-38% of sales.
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amother
OP
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Sat, Nov 23 2019, 9:54 pm
So that would bring the cost to 13.50 about.
Then how much markup would I need to make it worth it? I see similar items being sold for 15-25 on amazon, can I be in that range?
I really appreciate your responses
Trying to see if it makes sense, really want to help our family income
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amother
Maroon
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Sat, Nov 23 2019, 9:59 pm
There's two parts to Amazons fees. There's the percentage Amazon takes which is usually 15-20% of sale price. Then there's the shipping fees. If you're having Amazon ship the items, you also need to pay to ship the item to Amazon warehouse first...
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amother
Maroon
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Sat, Nov 23 2019, 10:00 pm
There's also advertising costs to get your product seen...
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AhuvasIma
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Sat, Nov 23 2019, 10:01 pm
And you need to factor in returns. You lose the shipping when there's a return...
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tilot37354
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Sat, Nov 23 2019, 10:30 pm
You should sell it for as much as you can. Check what the competition is selling it for.
Is there a reason why you're confident that people will buy your item instead of the existing established listings for similar items? If you're not sure how much to sell it for, there's likely a lot more research necessary to ensure it's a viable business idea before purchasing it and going to market.
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amother
Ivory
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Sat, Nov 23 2019, 10:42 pm
I heard that one of the popular carriage buntings selling for $150-180 in local stores, is mfg in China & imported by heimishe people & cost $20 to make there.
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small bean
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Sat, Nov 23 2019, 11:40 pm
amother [ Gold ] wrote: | I do bookkeeping for a company that sells on amazon, mostly fba, and overall, I see Amazon total expenses are about 35-38% of sales. |
This varies by products. I oversee about 65k different items and some products have higher, some have lower.
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small bean
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Sat, Nov 23 2019, 11:44 pm
Are you going to do fba? Clothing/blankets should be about 15% referral fee, factor in shipping.
As this is your own product, you will need to advertise or it won't get sales, you need to factor in a fee for that. You would have to see going rates, but I imagine at least 3%
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amother
Sapphire
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Sun, Nov 24 2019, 1:19 am
Keep in mind that clothing could be a restricted category. You might want to put it under baby or home....
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amother
Seafoam
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Sun, Nov 24 2019, 10:12 am
amother [ Sapphire ] wrote: | Keep in mind that clothing could be a restricted category. You might want to put it under baby or home.... |
Not OP, but curious - what does restricted category mean?
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amother
OP
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Sun, Nov 24 2019, 10:30 am
Really thank you, I’m totally in the beginning stages of research, nowhere near purchasing yet but this helps me decide if I should even put my effort into researching
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amother
Coral
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Sun, Nov 24 2019, 11:43 am
amother [ Seafoam ] wrote: | Not OP, but curious - what does restricted category mean? |
You have to get permission from Amazon to sell items in those categories.
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