selling online questions

GERMAN ROCKS

hi last week i was looking for a certain item that was dear everywhere in ireland. on the internet i sourced it over in england at round half the price. delivery was dear as it was only one item but it was still cheaper than here. it was the best make of these type items which are also sold in crap makes. siad item in ireland costs €50 and i could get it for€30 basically im just wondering if i sold it for €40 what would i have to do next. could i make a small business out of it. i would be selling it through donedeal and ebay for irish customers. i am in college at the moment so it would only be a bit of pocket money. im just wondering would i have to own up on any profit made even though i would be getting it all back as i dont earn anywhere near the €10000 mark a year. I would be making €10 profit on each item sold now and i was thinking i would be making more if i ordered a big quantity and might get a discount of the firm in england and the delivery wouldnt rise anything between buying 6 and buying 60. the item which i dont want to mention is newly out and i know the target market and know that they will become more popular and there is a market for them.

ko4jm6y9iwv2lc

You would have to consider eBay and Paypal fees first off, they would eat up most you profit straight off.

GERMAN ROCKS

Tatum Crashing Cog wrote: »

You would have to consider eBay and Paypal fees first off, they would eat up most you profit straight off.

i have never actually sold anything through ebay before. only through donedeal.ie
donedeal would be the main seller and the section this product would be in would have a lot of traffic. so if i was able to sell min 5 items with one add that leaves €47 profit (add costs €3)

mathepac

I got bored trying to read through all of the unformatted chunk of text you posted, but I think I got the gist of some of it.

Legally, all income must be declared for taxation purposes, that's income not what you might regard as profit at this stage because certain levies and other payments are charged against income and not just against profit.

If your turnover exceeds certain thresholds you must register for VAT and / or for self-assessment taxation.

jamiecoins

ebay fees and paypal have fleeced me lol why not post on adverts.ie its free

PCPhoto

you could in theory purchase stuff from England (if you are VAT registered - you can get the VAT knocked off)

then sell it here (if you succeed in making a profit on each sale it must be declared to revenue - failure to declare is a serious issue with them and could result in you going to court)

At the moment Revenue are scraping the barrell - searching for everyone who they can get money from...so if they catch you then you could get a hefty fine (which would wipe all profits)

if you can bulk buy and get the item cheaper - is there definately a market for the item here ? why not contact a distributor in England and buy a big supply - then you will maximise your profit.

(if you can get 1000 or 10,000 units from a distributor at a price of €20per unit - and you sell for €40 - you still make a profit and your customer saves.)

Wats_in_a_name

Are you looking just at donedeal/ebay/adverts route or are you considering setting up your own website?

jor el

Sorry to burst your bubble here, but if you can buy it on eBay for €30, then I can do the same, so why would I pay you €40 for it? Anyone that buys online will most likely search around for it, and just buy it from the cheapest source.

If you're assuming that people will rather pay you €40 through Donedeal for something they can get on eBay for €30, just because you're selling from Ireland, then I think you're wrong.

If you want to compete, then you're going to have to sell it at the same price that it can be bought for on eBay, not a higher price.

onedmc

I see this all the time especially with niche products that are often half price in the uk. Lately I was looking for a role of wallpaper €35 in Ireland, £15 + £12.50 postage in from the uk. Not really worth it as the postage is a pain.

I wonder is there a business opportunity in a logistics business/return service that piggybacks on An Post. Sign up the uk companies they bulk send, u pop them in the post and also do the opposite with returns. There must be plenty of medium sized catalogue companies in the uk that would have sufficient sales (50+ ?) to Ireland in a week. It just too much hard work for the big logistics companies to be bothered with but might suit a 1-2 man show.

Just an idea

John368

I agree with the last two posters. People will just go to ebay and buy it there at the price you are buying it in at. Also the postage is the key.

You could try hiring a van and travelling to the UK and buying in bulk and then selling in Ireland through post. Then you will have an advantage over the UK ebayers who sell to Ireland.