For fun, let's look at the net income from this venture.
The seller sold about 3,300 records. Let's say that he paid an average of $0.60 per records. That's a cost of goods sold of $1,980 and a gross margin of $8,120. The Facebook ad cost $150, which brings net income in at $7,970. Not bad, hey?
As per return on investment, let's toss in a measure of time. Let's say that, over the years, the seller spends an average of two minutes on each piece of vinyl he sell. That means that he spent 6,600 minutes (110 hours) on these 3,300 pieces of vinyl. Add in another 6 hours for the sale and the seller still made over $69/hour off of this venture.
This analysis ignores all the time it takes to become good enough to actually deal records.
The seller sold about 3,300 records. Let's say that he paid an average of $0.60 per records. That's a cost of goods sold of $1,980 and a gross margin of $8,120. The Facebook ad cost $150, which brings net income in at $7,970. Not bad, hey?
As per return on investment, let's toss in a measure of time. Let's say that, over the years, the seller spends an average of two minutes on each piece of vinyl he sell. That means that he spent 6,600 minutes (110 hours) on these 3,300 pieces of vinyl. Add in another 6 hours for the sale and the seller still made over $69/hour off of this venture.
This analysis ignores all the time it takes to become good enough to actually deal records.