This week I got a lot of questions about margins and the difference between gross profit and net profits.
With reselling, we have to take fees, shipping costs, and cost of goods into consideration when looking at net profit.
Some product sources have really high gross profit margins. For example, garage sale items typically resell for a 462% return.
Bigger wholesale lots might have a smaller percentage return, but the net dollar profit is typically much larger than smaller items at garage sales.
I wanted to do a quick video to show you the breakdown of my results for November. I also break down the numbers to show you the difference between eBay sales and wholesale orders.
Next week I’m hosting a Master Class where I’m going to show you exactly how I turned $200 into over $200,000 in my first 9 months of reselling full-time. Click here to RSVP for this Master Class.