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The 0.68 equals the ratio between ebay's selling prices and the stores selling price.
ebay price / store price = 0.68
The 0.85 is a simplified factor representing how much "value" you can get out of the pallets, factoring in a small percentage of broken items, or used items.
0.85 = 75% like new product + 25% used/damaged product
0.85 = 1 x 0.75 + 0.4 x 0.25; 1 = worth at like new 0.4 = worth being damaged/used
How to import from China correctly. This one is not easy and is only for those who have some real money or a big credit line. From my experience doing this, I only know of one good way to do it. That way happens to be corning a whole market on ebay and if you do it, you will be making some serious money and will have to hire several people to work for you.
But, since most no one fits that profile, I generally do not encourage this method.
Brad Lord <email@example.com> wrote:
Thanks Tony 2 questions, One can you explainj the #
below (i.e. what is the .68 and .85 represent, and I
am constantly getting email from ebay members that are
wholesalers in China, do you use any of these???
--- Anthony W. wrote:
> Yes, basically, I just figure out the ebay value
> for each item, add it up and then times it by about
> 0.85 and then divide that by 2 and that is my max
> OR, a far cruder way (say you don't have time to
> figure out all the ebay values):
> Wholesale Price x 0.68 x 0.85 / 2 = Max Bid
> Remember the wholesale price is the Cost column
> shown on the charts.. See example below..
> So, for this one below its simply:
> ( $1796.66 x 0.68 x 0.85 ) / 2 = $519.23.
> Generally, I will nudge it a hair above this
> value.. Maybe $551..
> Item ID Description Qty Cost
> 848521000 ROTISSRIE,BABY GEORGE FOR 1 48.3
> 925191000 DRILL DRIVER,14.4V HD XRP 1 197.8
> 925320000 DRILL DRIVER,18V HD XRP 1 266.31
> 925451000 HAMMER DRILL,18V HD XRP 1 278.52
> 925659000 DRILL,DC759LA 18VOLT COMP 1 195.5
> 926007000 COMBO KIT,18V 1 244.49 926482000
> RECIP SAW,10AMP 1 102.28 927142000
> DEWALT,CIRCULAR SAW 1 121.2 7194595000
> 4'AIRBLOWN,SNOWMAN 3 151.87 7194601000
> 8'AIRBLOWN,CAROUSEL 1 92.64 7194639000
> 38"BEAR,SKIING POLAR BEAR 2 97.75 Total 14
> Brad Lord wrote:
> Thanks Tony, what about bidding on the items, Do
> set a certain % that you will not bid higher???
> --- Anthony W. wrote:
> > Hi Brad,
> > I am guessing just copy and paste for text
> > format..
> > If you are copying from an HTML page, you just
> > right click and choose "View Source" to get the
> > original HTML..
> > From a PDF its just copy and paste also, but will
> > be text mainly when pasted..
> > GENCO SHIPPING:
> > Not sure what to say.. If you are a few hundred
> > miles away and you have 4 pallets, you are looking
> > at about $250 shipping charge..
> > So, its dependant on several factors.. You could
> > probably pay someone to go down for a little
> > cheaper.. Like someone with a big truck, if you
> > only have three pallets or something.. When I say
> > big truck, I mean big or someone with a trailor
> > storage..
> > Tony