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Some will tell you that knowing your buy cost is not important at all. I personally beg to differ. Knowing how much an item costs is essential to how I run my business from how I discount my item to knowing if I will ever buy that item again. When you buy items in large quantities, you can sometimes lose track of your individual buy cost on an item. This video gives you a general idea of how I decipher an individual item's cost when I buy in bulk and it shows you how I do it.
How you decide to figure out your item's buy cost is certainly up to you however I encourage you to know this information whether or not you choose to include the buy cost of an item in your listings.
Check out the video and let me know down below what you think of my process... It is not for everyone, but how I choose to do it.
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