As a Jestfew seller, it is important to understand how to calculate your margin to ensure you are making a profit. Jestfew understands you as a seller and provides comprehensive information about the various fee types that apply to each of your sales.
Follow the steps below to calculate your margin for each of your sales:
Below is an example for you to understand:
You are selling shoes on the Jestfew platform. You are selling a pair of sandals for 500 on Jestfew.
Apply a commission on the product. The commission is 10% as it is a footwear category.
10% x 500 = 50
If the cost of the item is 500 and the collection fee is 2%, the total collection fee will be:
2% x 500 = 10
To be fully aware of shipping fees, you must create your Jestfew account as a seller. For example, suppose the shipping fee for your product is 30 rupees (given for example only). If you want to know complete information about shipping, you need to register an account as a seller on the Jestfew platform.
50 + 10 + 30 = 90
Selling price = 500
Jestfew fee = 90
Margin = 500 – 90 = 410