OUT OF STOCK
This was a customer return item. The outer packaging had been opened but the product was in brand new condition and unused. These fence post repair stakes were previously offered for sale new with an RRP of £19.99.
Purchase Details:
Purchase Price = £1.71
VAT = £0.34
Apportionment of delivery charge = £0.75
Total Cost Of Purchase = £1.71 + £0.34 + £0.75 = £2.80
Sale Details:
Sold via EBAY for £12.00 on 7 day auction.
Final Value Fee = £1.68 (fee based on item cost + delivery cost)
Regulatory Operating Fee = £0.05
Final Value Fee Fixed Amount = £0.25
VAT on Fees = £0.40
Total Cost Of Ebay Fees = £2.38 – (fees as a % of item sale price = 20%)
Delivery Charged = £3.71
Delivery Cost = £3.71
Sale date = August 2024
Conclusion
Profit From Sale = £12.00 – £2.80 – £2.38 – £3.71 + £3.71 = £6.82
Profit percentage = 100 x (6.82/2.80) = 243%
A pretty decent profit made for a minimum outlay testing the water on whether this type of product will shift.
The buyer saved approximately £8 off of RRP so I’m pleased that they secured themselves a bargain as well.
As usual, I forgot to add on a delivery premium to cover the 10% Ebay fee element!
A further 2 sets have been sold for similar amounts. At the right time of year this is an item that could probably sell a reasonable number of if a bulk supply became available. We’ll keep our eyes peeled!
