Hot Rod Forum : Hotrodders Bulletin Board - View Single Post - What would you pay for these shift knobs??
View Single Post
  #10 (permalink)  
Old 05-15-2013, 12:06 AM
Dave57210 Dave57210 is offline
Semper Gumby
Last photo:
Join Date: Feb 2007
Location: Vancouver, BC
Posts: 360
Wiki Edits: 2

Thanks: 447
Thanked 461 Times in 365 Posts
A glass BLOWER???

These are hollow?

How are you going to drill and insert and etc into a HOLLOW glass ball? Glass blowing is literally taking a ball of molten glass and BLOWING air in to make the rounded shape you want

Than - in terms of the business aspects.....

For a business model to succeed, you need to ensure that you are running a 40% minimum profit This does NOT mean that if you pay $100 for one, you sell it at $140.00. It means that - of every dollar income, 40% is profit AFTER ALL COSTS!

So, if you pay $100 each, and there are 15% e-bay fees, and the cost of shipping of the product to your door prior to sale, and then there is the cost of the boxes and wrapping for re-shipping, etc - so lets say you can sell at $200. That means that the total of all the above costs cannot be over $120.00. But at a $200 sale price, your flea-bay cost will be $30, so you are already at $130 BEFORE adding in the shipping to you, the boxing, etc. So this is now going to have to be selling at $250 each to make it work

What will be your costs per 100 units (how many will be broken in the drilling and insertion of threads phase?)

Assume that you will be competing against some overseas supplier who will be selling things that could be of equal quality (or maybe they are just junk) but they LOOK the same on the web, and are selling at $29.95.

Assume you can find a way to make it work

What are the tax implications?

Can you declare that 10% of your house is now "the business" and write off 10% of the total house expenses against the biz?

Will you be incorporated as an LLC (or better yet, an LLP) or will you carry PERSONAL liability should anything go wrong

A bit to chew on - from one who has been there, done that, got the t-shirt and it was 2 sizes too small!

Last edited by Dave57210; 05-15-2013 at 12:12 AM.
Reply With Quote