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I have been thinking about it since my last post and I can probably keep tabs on the amount that goes into my bank account from both sources, and on the amount I spend on postage - would this be enough to give me a better idea of profits? the amount I spend on brown paper is minimal and used...
I was just quoting another member with the figure of £6.60. As I sell on both Amazon and ebay, and those organisations approach shipping costs differently, it would probably take me an hour or two to figure out the "real profit". Buying packaging materials in larger quantities results in lower...
I tend to only have one or two copies of each book, so leaving them in local businesses would not really work as far as I can see. my most popular books can get hundreds of people looking at them on the internet, many more than would see them in a local business.
a five times increase is perfectly possible. My storage costs won't grow as I already have a large area. it will obviously take up more of my time and other costs such as packaging materials would increase. And having brought up 3 children on an income of about £25,000, now that the last one is...
The local council do have a couple of empty industrial units - does anyone think asking it's worth asking them for six months rent-free on the basis that I am starting a small local business?
Hi Jon
You are absolutely right. When I first started I had no knowledge at all of what would sell. In the last 2 years I have learned a great deal. So, I am a lot more selective now about the stock I buy. I am pricing the books to compete with other Amazon sellers. I'm not able to pay less for...
Thanks Darren for your reply.
First, if I had a loan of £5000, I could increase my stock by 10-15 thousand books, not 5000. Therefore my stock would be about 20,000 and my income would be about £20,000. Also, the storage space I have now would be large enough to hold the extra books. Not sure...