RESELLING MADE SIMPLE

Profit Explained Like You Are New to Reselling

Profit is the money left after the costs of making the sale. Sale price is not the same thing as profit.

In simple terms

Profit is the money left after the costs of making the sale. Sale price is not the same thing as profit.

What to do

Example: You sell an item for £30. It cost £8, postage cost £3 and fees were £2. Your profit is £17.

Remember

Always track the costs as well as the money coming in.