As Christians our politics don’t always line up with party lines. How do we have conversations with people from different political views and still remain Christ-like? Continue reading “A Different Politic – 10 the Podcast”
In this podcast I share and excerpt from the book Unoffendable: How Just One Change Can Make All of Life Better by Brant Hansen. It captures how I feel Christians should be responding to the refugee crisis. Continue reading “WWJD for Refugees – 10 the Podcast”
Despite the political climate in our country and the world, Christians must remember that our mission hasn’t changed.
Whether our government or the populace shares our convictions we must continue to stay on course by sharing the Gospel through feeding and clothing the poor, widows, and orphans. Continue reading “The Mission Hasn’t Changed – 10 the Podcast”
You’ve found products you want to flip but how much will you have to #hustle to profit (not earn) $20,170?
We’ll keep the math simple. First, let’s round down to $20K. Now, let’s assume you sell each item for $10, that’s 2000 items you need to sell just to get $20K in sales. You need to sell (not list) about 168 items a month at $10 each just to get to $20,170 in sales.
PayPal is going to take 3% of your sales and eBay is going to take 8%-11% in fees. These are conservative estimates. Let’s take the lower eBay estimate and say a total of 11% in sales goes to fees. So, if we factor in the fees, you need to get $22,663 is sales now.
— John Wilkerson 🎙 (@jwilkers) January 12, 2017
If you have buyers pay for shipping on all items, that’s pretty much it (there’s cost of shipping supplies but that can be easily mitigated—more in a later post). But, if you want offer free shipping (on small items under 6 oz. you should) you need to calculate the cost of shipping into your sales. Assuming $3.50 an item for shipping and packaging you need an extra $7000 bringing your total to $29,663 dollars. Let’s call it $30K.
So, if you want to profit, not just earn $20,170 this year, you need to sell $30K on eBay. At $10 an item that’s 3000 items in a year or 250 items for $2500 a month. Assume that 1/3 of your sales will go to fees and shipping.
I know there are a lot of assumptions here. You could sell some big-ticket items and there are ways save on shipping but I’m willing to bet that on average, if you want to profit $20K this year you’ll need to #hustle more than you think.
Here’s something else to consider: if you only earn $20,170 from flipping products you’ll keep about $15K after you’ve paid fees and shipping. It’s still not a bad little bit of pocket money.
Looking for an easy way to ship items? Try ShipStation today.
This year I’m challenging myself to earn more money online. I’ve been earning money online for years but lately I’ve been coasting. As a result, my extra earnings have dropped. So, to get myself in gear I’ve decided to participate in the #2017FlipChallenge. If you haven’t heard about the #2017FlipChallenge yet, check out this video (Warning: language):
Honestly, I find it hard to believe I can earn an extra $20K this year. It would require a lot of time away from my current obligations but if things go well, I could get at least half that much.
I’ve decided to set some personal goals for the challenge:
- $2,017 worth of sales in one month. Garage sale season comes late around here but I think if I hustle enough, I can sell that much in a month. That’s a summer-time goal.
- Double my affiliate sales. I have affiliate agreements with a few companies and I’d like to double those numbers this year.
- Earnings equal to 10% of my current salary. I’m not going to reveal that number but a 10% bump in my earnings would go a long way.
- A stretch-goal of earning 20.17% extra of my current salary. That’s going to be real hard.
OK, some definitions:
A sale is the final value of an item or service sold. Earnings is the amount of money earned from affiliates and items and services sold (after cost of items sold, fees, etc.).
How about you? Do you have any plans to earn more money online this year? Share them in the comments below!
What do you think? Share your thoughts with me on Twitter using the hashtag #10podcast.
Help spread the word about the podcast. Take a minute or two and rate and review the podcast in iTunes.