Full Version: Trying to start Business
From: gt350ed [#48]
19 Mar 2007
To: Doc (GREAT_ATLANTIC) [#27] 19 Mar 2007
quote:
With all due respect, rather poor advice without any knowledge of this newcomer's market, or frankly the most recent trends in the overall trophy market. While column-on-base remains a staple, the selection of alternative trophies that are neither labor-intensive nor lacking in significant margin is extraordinary. And these now outsell our traditional column trophies 3 to 1.
I've never quite understood dissuading anyone from grabbing a piece of such a powerful market.
I've never quite understood dissuading anyone from grabbing a piece of such a powerful market.
I could not agree with you more!! Trophies represents about 35% of our revenue. We sell at between 3 and 4 times our cost. We do a fair amount of trophy business. Actually, when it comes to youth sports, we do very few "column" trophies. There are SO many alternatives these days. And when we DO the larger column or multi-column trophies, we get our price. We have multi-column trophies that approach $100 per; sometimes more.
On the otherhand, as I've mentioned here numerous times, a laser is a money machine. No question about it. We have two. But I would not finance a purchase without a business plan. There's nothing worse than having an unused new laser sitting in the corner next to a $500 monthly payment coupon.
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