Aaand action!

I have successfully bought some stock to sell. How successful I am selling it remains to be seen.

The model I am following suggests a min. £4/unit profit with some items going for considerably more. At least 50-75% will sell. Allegedly.

So lets play with some numbers. I need £20/day. At £4/unit in theory I just need to sell 5. Hmmm.

The models worst case scenario suggests half will sell, majority still at £4 and the remaining large minority with higher figures still. All well and good, but thats not my worst case.

For my one, to build in a bit of insurance, I will assume only 1 in 3 sell. At minimum price. None higher, no resells and bulk selling. This means if I am to get 5 x £4, then I need to triple the amount on sale. This now means I will be listing a minimum of 15. To cover listing costs etc on the ones that fail to sell, I work out if I add another 5 cards (based one 1 in 3 selling) then I should clear £20 or at worst break even. Summary - I need to list 20 units a day.

As a compartive novice and the the fact I am buying almost "blind" regarding the exact type I want, I have tried to offset the risk by spreading my purchases among likely sellers and building an "insurance" selling model. Hopefuly I'll settle on a couple of companies which should make life a little simpler.

Everythings ordered now. Just a case of twiddling my thumbs until they arrive. Oh, and signing up to more directories. Yawn...