It is practically impossible to make money on $2.oo sales. I would advise you to find a product with a higher value. Or make a "lot " with several of your $2 items and sell that at a higher price.
In my opinion, the lowest price for any item sold on eBay should be $10. And even that allows for a procurement cost of less than $1.oo.
What kind of shipping are you using? In most cases, especially for low value items, there is no need for expensive tracked services. Nor is insurance necessary. The postal system worldwide is very efficient about getting shipments to the recipient quickly and securely.
But you do have to choose the service wisely.
Letter rates cover more than letters. The service is more than just for paper. It is usually Air Mail, especially for overseas, and is quite cheap. Rates run from 63 cents (domestic under 30 grams) to $15.70 (international 200-500 grams). The restrictions are on dimensions, but if your product is under 2cm thick, this is the service to use.
If you are in a category where there is a lot of fraud and testosterone, like sportscards, you might want to use either a third party insurer like shipinsurance or self-insure by adding a few pennies to every shipping and handling charge (or to the asking price) as a premium against possible claims.
If your items are low value, but bulky, it is very likely that they are not suitable for mail order.
Don't ,at this point in your eBay career , ship overseas. Learn how to handle North American customers first.
Also you can reduce the cost of shipping by using Paypal labels (5-15% discounts from PO counter prices) or buying discount mint postage (10-20% discounts from face value) here on eBay. Since you don't need Delivery Confirmation or insurance on your low cost items, both methods will reduce your shipping costs.
