Quote:
Originally Posted by redE93cab
The main thing you need to do is work out the daily running costs of the shop.
Then work out the profit per item and see how many items per day you need to sell just to break even.
Then double that amount so you have some profit and working capital and to pay for things like web site costs.
Might be worth trying to establish a similar business working from home first and attending craft fayres etc before taking the plunge and opening a shop. I think you will be horrified how much you need to make (clear profit, not turnover) per day just to survive.
You also say you want to be found high on Google. Have you any idea how many thousands a MONTH firms pay to be number one on Google! Not a cheap thing to achieve! Then add on your on going web site costs. If you want to take credit cards you will have merchant costs involved also.
It is a tough world out there!
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Thanks
It's not really craft fair sort of stuff I do well not for round here anyway! Internet could certainly work but as you say it does cost a lot of money to be number 1 on google. From what I can see, more investigating does NEED to be done though from what I can see, a shop with a supplementary website shop would just about fit the bill, again I've made this post to investigate potential costs associated.
Income will be supplemented by usual Porscha car buying and selling, normally about 2 per month and I usually make about £250-500 on each car. Eventually this is what I want to do, always have done, specialising in Sports and Classics.
More or less worked out profit per item but need to work out overheads, again hence this post!