Amazon Reselling: Unveiling the Hidden Costs That Impact Your Profits

Reselling on Amazon: Understanding the True Profit Margin In the world of online reselling, accurate profit calculations are crucial. A recent video by ResellRepublic highlights a common pitfall: neglecting Amazon fees when determining profitability. ResellRepublic, a reseller based in the UK, used the BuyBotGo app to demonstrate the cost breakdown of a Pokémon figure. While the initial calculation suggested a £10 profit (buying for £3, selling for £13), he revealed that Amazon fees reduced the actual profit to £4.80. "A lot of people will look at this and say it's rubbish because Amazon is making more money than you," ResellRepublic stated in the video, emphasizing the need to account for all expenses. This underscores the importance of thorough cost analysis before entering the online reselling market. Ignoring fees can lead to inaccurate profit predictions and potentially unsuccessful ventures. The video serves as a valuable lesson for aspiring resellers, highlighting the need for realistic financial planning.