Originally posted 2nd May 2007
Well I didn’t just make the 10p I needed to make it to the next stage, I actually ended up £ 1.30 in profit. I’m being disciplined though. Yes I could include £ 1.20 as part of the next stage thus giving me £ 5.20… yet this is not how the Stuart Goldsmith report says you should deal with any excess. He explicitly states that such monies be treated as separate and spent on yourself. I suppose the logic is so that when you start making the serious money, the excess tides you over whilst you are focusing on the core efforts.Anyway, how did I do this? Well, I sold all four of the books I placed on Ebay. It’s just taken me a little while to get the monies through, things sent and so on, thus the 10 days delay since the last post.Lessons learnt: be far more prudent in postage costing and allow for not just Ebay fees but also Paypal fees. If it hadn’t been for these issues I would have made over £ 4.00 in profit. I was too keen at the outset to make my sales more attractive at the expense of what I could have realistically got anyway. So, now I need to decide how to attempt to get to £ 8.00. I have a number of ideas which I explain in a later post.
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