How to Keep Track of Your Cost of Goods Sold (COGs) on eBay and Amazon

How to Keep Track of Your Cost of Goods Sold (COGs) on eBay and Amazon

What is COGs? Cost of Goods Sold is exactly what it sounds like. It’s the cost of your inventory that has sold.  You need to know this so you can figure out your net profit, and for tax reasons. When I first started reselling I would manually keep track of what I bought each item … Continue reading “How to Keep Track of Your Cost of Goods Sold (COGs) on eBay and Amazon”

How to Make $6 in 5 minutes

How to Make $6 in 5 minutes

Royalties Ongoing payments from your work, also known as royalties, used to be reserved for the rich and famous- movie stars, popular authors, high level investors, and patent holders come to mind. But, with the rise of the internet and digital technology, royalties are now available to anyone with a computer. I love selling clothing on eBay … Continue reading “How to Make $6 in 5 minutes”

How to Find Clothing at Goodwills and Thrift Stores to Sell on eBay

How to Find Clothing at Goodwills and Thrift Stores to Sell on eBay

Reselling is an Art I wouldn’t recommend selling on eBay full-time. For the last 18 months, my peace of mind has been dependent on my sales. Recently my sales have been really slow. My gross profit for the past month dipped below $1,000 yesterday. But, just now I checked my account and I saw I … Continue reading “How to Find Clothing at Goodwills and Thrift Stores to Sell on eBay”