Trying to start Business - Engraving Etc. Forum

From:	Cody (BOBTNAILER)	18 Mar 2007
To:	Mark (MAXMACHINE)	46 of 48

6340.46 In reply to 6340.45
quote: I could go on like this, but don't want to be a motormouth! Rev up your engine!! For those of us that have only been in business for a short time, it is WONDERFUL to find such nuggets of wisdom. To get them all in one place (like this) is a sweet bonus!!

From:	bosch	18 Mar 2007
To:	Cody (BOBTNAILER)	47 of 48

6340.47 In reply to 6340.46

Cody,

I could not say it any better than you just did.... I have received more information and knowledge from this post than I ever thought I would and even received some information about business opportunities that I had not even thought about.

I'm with you rev up your engines and keep the information coming.

Thanks to all for your information and sharing it. I have found it to be a great help.

From:	gt350ed	19 Mar 2007
To:	Doc (GREAT_ATLANTIC)	48 of 48

6340.48 In reply to 6340.27
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 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. Ed Holley Victor Valley Trophy & Awards Co. and Coffee Mugs Online www.coffeemugsonline.com