Gardening, Photography & Home-Cooking are just a few of what I love doing!

Gardening, Photography & Home-Cooking are just a few of what I love doing!

Friday, June 17, 2011

Bad business planning!

I have been selling used items on E-bay for about a year now. It's not a full time job, this is only one of my sidelines to have an extra income coming while staying at home. It also helps to get rid off some unused items that we don't use anymore in this household. 

Anyway, like I said I've been selling for about a year now but I still don't have any good strategy as to how to get more money out of it. I keep losing money on the shipping! Just like this week, I sold a slow cooker, the buyer is from Alaska, it would cost $25+ to ship the dang thing and I only charged $15.00 for the shipping, that means I'm gonna have to cover $10+ out of my own pocket and because of that I'm not making any profits, instead, I'm losing money! This is definitely not a good business planning. I need to start weighing the items that I'm selling like my husband suggested long time ago, instead of just guessing it! 

Well, this really thought me a very valuable lesson! I contacted the buyer, told him about the dilemma, I explained why I made the mistake and I'm trying to give him an option as to how to proceed, but he hasn't replied to my email. If he won't reply at all by Monday, there will be nothing I can do about it but to just let it go, lose money and do my best not to make the same mistake again!

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