Luxoria - 11:54 pm on Nov 11, 2010 (gmt 0)
Thanks for the all the good posts. Well, I am very excited to launch my store and it looks like I am only a few months away.
My store's product I manufacture myself and there is nothing like it on the market so currently I have no direct competition however there is unlimited indirect competition.
I invested $14,700 into R&D and shop equipment for my product line. I will need another $12,000 for initial clerical supplies, inventory, and shipping supplies. (rent/utilities not included or needed) With that I am set up for 500 sellable units and I will need to sell 425 units to break even. If I sell eight units a week it will take one year to break even thus recouping my R&D, equipment, and initial inventory. However, a considerable percentage of income generated will be reinvested into inventory so breaking even is a bit further than a year away, perhaps two years.
I hope my numbers don't bore you all, I always enjoyed reading other peoples' numbers.