I found these new Nike golf shorts for $13.77 including tax in the clearance section at Ross, an off priced retailer. I just sold a pre-owned pair of Nike golf shorts so I figured a new pair would be a good choice. I decided to offer these shorts at a buy it now price of $26.99 plus $4.99 shipping for 30 days. They had 15 views and sold in 5 days for the buy it now price.
TIP: What is better an auction style listing or buy it now listing? I choose to auction an item when I have very little money in it, I am not sure what the value is, and/or I want the item to sell in 7-10 days. I offer an item at a buy it now price when I have a new item that has a small range in the sale price. If you have a new item and there is a large range in the sale price, then it is up to you. Great example, these shorts are selling anywhere from $30-$50 on ebay. I chose a very competitive buy it now price so they would sell quickly. My other choice would have been to offer my item as an auction, start the price at $19.99 and see if people would bid them up. Typically my new items are buy it now and I will auction my pre-owned items that I know are popular and will get a lot of traffic. These shorts could have been an exception. They are very popular and there is a huge price range that they sell for. In the future I would definitely try to offer a pair like these as an auction just to see what they sell for. Regardless they sold for a good price in a quick amount of time and that is the goal.
$13.77 item cost including tax
$3.45 USPS First Class shipping
$3.20 ebay fee (10% of the total sale)
$.96 paypal fee (3% of the total sale)
$.08 poly mailer
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The total cost of my item including all fees was $21.46, my item sold for $31.98 so I made $10.52. My profit from this item paid for my Birchbox subscription that month. If you do not get Birchbox yet you have to try it. It is so much fun, I have been married for over 10 years and there are not a whole lot of surprises in my life, so to receive a box each month that has 5 surprise samples chosen just for me is so exciting. Plus you get to take a little time for yourself here and there trying out your new products each month. It is the best $10 you will ever spend on yourself.