How to Keep Current on Your eBay Profits - dummies

How to Keep Current on Your eBay Profits

By Marsha Collier

When you’ve finished all the legwork needed to make some money on eBay, do some brain work to keep track of your results. The best place to keep watch on your eBay sales is on your My eBay page, a great place to stay organized while you’re conducting all your eBay business.

When it comes to calculating your bottom line, it’s best to get used to using a program like QuickBooks.

Before you list, calculate your fees. eBay has a very basic fee calculator. If you’d rather be able to calculate every last penny (and discount), there are a couple super, free, more-detailed eBay calculators available.

Here’s a checklist of what to watch out for after the sale ends:

  • Keep an eye on how much you’re spending to place items up for sale on eBay. You don’t want any nasty surprises, and you don’t want to find out that you spent more money to set up your listing than you received selling your item.

  • If you decide to turn your eBay selling into a business, keep track of your expenses for your taxes.

  • Make sure that you get refunds and credits when they’re due.

  • Double-check your figures to make certain eBay hasn’t made mistakes. If you have any questions about the accounting, let eBay know.