Full timers, need some input please on numbers.

cntryislandboy · 2015-04-27T20:09:44.000Z

I would very much like to do this full time. I've been doing some here and there, and just ready to be my own boss. I'm no stranger to long days and hard work, I'm just tired of making someone else money so I ran some quick numbers which I listed below. I also have knowledge and currently posses several comics, die cast, figures, and several thousand sports cards that would be in addition to Lego. Income Goal$60,00020% for taxes$12,000Need before fees$72,000 Bricklink sales$38,500Bricklink fees @6%$2,310Bricklink Profit$36,190 eBay sales$20,750ebay fees$2,697eBay profit$18,052 Amazon sales$20,750Amazon fees$2,697Amazon profit$18,052 Total profit$72,294Sales needed$80,000 So if my calculations are in the ballpark I'd need to clear about $80k in sales to bring home $60k by the time you add in taxes and selling fees. Then comes inventory, shipping supplies, and office supplies, I'm thinking I need to purchase at a base rate of 2x part out, would be in the neighborhood of $50-55 a year to allow for replenishment and growth. In turn this would bring my required estimated sales of about $130,000 a year to clear and bring home $60k a year. Do these numbers sound about right? Also those that have gone full time, do you strictly stick to bricklink, ebay and amazon? Or have you ventured off to build your own website in hopes of saving some of the high fees, but then comes the website fees, and the task of bringing traffic to your site and gaining customers.