If someone asked me which impresses me more, your technical skills in making things or your business & marketing knowledge, I don't know how I'd choose. Thank you for sharing your knowledge and experience.
I look forward to this series. I've been "retired" since 2015 and have thought about "monetizing" the things I make. Every time I start into figuring out how to sell, I end up overwhelmed and confused. And worse yet, I am convinced the "business" will overtake my fun. I have watched you from your beginnings here. I am very impressed with the way you have grown in confidence and your ability to jump into all of the businesses and projects. Wow! Thanks for sharing all of it.
Same here. I call it "analysis paralysis". Write down your questions, hunt those answers down like you're starving to death and need meat! 🤣 Keep moving forward....you got this!!!
I was in the middle of typing a comment suggesting experiement-wise you're going to get a boost from having over a million people following you, no matter what. Glad you mentioned that at the end, and props to you for trying to take that into account!
I am glad that I saw your comment. I had the same thought. I have a small channel under 5000 but I do have a relatively successful Etsy store that helps to finance my shop and them some. It will be interesting to see how this series goes.
I make sheds and found that a good business model is renting them out as a portable storage option. It’s a more profitable business model compared to selling them. Not every product is suitable for this type of business model but just an option to consider.
I actually saw your 4 month follow up video first, then came here to watch this one and it answered a big question for me. How much of the success of your shop is due to the products as opposed to name recognition. I have been following your projects for years, and I know how important brand can be. I was so excited for you when I saw you on Tim's show. It's good to know that you remained neutral in your testing to avoid the inflated conversion rate due to knowing you are popular.
Retiring in a couple of years from the construction trades, I have been hobby woodworking for just about as long. I have collected a nice wood shop of tools and am seriously considering making and selling wood things at craft fairs and wondered about the digital marketplace. I am a troglodyte on computers so that is a bit scary. I look forward to watching you explore this avenue.
Many of us have watched webinars that pump $2000.00 dollar courses that promise amazing riches. Instead, you are willing to show us in real time your journey to figure it all out yourself in real-time. Looking forward to watching this unfold.
So well said at the end on protecting your passion. I’ve had several hobbies and interests wither because work just sucked the joy out of that type of project; the last thing I want to do after putting in 10 hours at work is to keep using a similar skill set and tools in my down time.
I agree with Dan Cardin - for this to be a true experiment, it needed to be launched from scratch with NO association to you, then the videos put out as a "Here's what I DID, and these are the results of my blind experiment without the benefit of my following" - that would yield a better grass roots business start-up result. But thank you for the great outline!
Remember margin is cost \ inverse of margin. So a cost of 10.00 with 30% margin is 10\.7 so the sale price is 14.28. I recommend a higher margin on smaller item if possible 40% is 10 \ .6 or 16.66. The extra 2.00 pay foe equipment, insurance, heat and lights.
@@AprilWilkerson Wow, I didn't actually expect you to respond! I see you on my TV, the Maker Channel, all the time, so a popular celebrity just responded to me, so cool! Thanks!
Excited to see how you use this thing. Got a gweike cloud on the floor in the garage for mass production of some smaller projects. Screaming at me to get set up soon.
This definitely will be interesting! The underlying key to any business success is understanding your breakeven point and how actual cash expenses vary monthly. Glad you are sharing this information as you go into this new endeavor. Thanks April!
April you have one of the best UA-cam channels, I love your content the way you explain your ideas it all works very well thank you. Best of luck on this new adventure!
Wow..but I should not be surprised seems like a sound & wonderful new adventure planned..a multiple pronged approach, while still experimental in it's infancy..I cannot wait for the next steps you take in order for it to be a successful exploration & experience shared information with all. This is another great opportunity that can not be missed & this is absolutely the best time to act. Another Sunday well spent with you April even though very brief every minute is filled with Value. Thank you, cannot wait for next video with early shared results. Have an Enjoiable, Blessed day & weeks April.
In addition to tracking costs that go into the product, you should track how much time is required to develop and produce a product. If it takes 40 hours to create a single plaque, how much do you have to charge to justify that amount of time? If it takes 40 hours to set up to produce 100 plaques, and each individual plaque takes 10 minutes, how much do you need to charge? My sister ran a business back in the 90s. One of her mistakes was not tracking all of the labor hours (hers, her kids, our parents) that went into the product/service. Also consider travel time and distance to the hardware store or where ever you get supplies. The 2023 US IRS tax deductible rate for mileage is 65.5 cents a mile (which accounts for fuel, insurance, depreciation). Speaking of the IRS, keep and organize receipts and travel logs.
This is a GREAT IDEA. Many of us would love to experiment with a side hustle like this, but researching when you have a full time job is overwhelming. I can’t wait to see the rest of the series!
I think you got it, I can see the possibility is endless. With your talent, you will succeed, and provide some great services, best of luck and continue the journey ! 👍
Coincidently, we are in the midst of trying our hand at a physical product line, so this video series is very timely for us. You are one of the few people I find myself taking actual notes from. Thank you for putting in the time and effort, can't wait for the next video in this series!!
I think this a great idea for a series of videos. It’s worth mentioning that when people want to compete with lower priced digital product purveyors, price-matching is not the answer. Take the money you’re willing to cut from your profit and apply that towards advertising. Facebook is reasonable, but isn’t always successful if you go too broadly. If you work out your ideal customer, you can go in and select accordingly in Facebook. If people want to market to a specific demographic, they can choose those options that focus the advertising reach towards that specific audience. There’s lots of free information about this to be found.
Thank you April that was an "Amazing" discussion. One thing I appreciated was your end comments regarding passion and, well not being fun anymore. I started on Etsy June 2020 sellling High end dovetail keepsake boxes. I thought I'd sell one here and there. I had no idea I would sell 300 of them to date all over the world. Yes, I enjoy it but for one 74 year old it does turn into a part time job. I HIGHLY recommend Etsy for so many reasons. You are a tremendous inspiration April! Thank you.
Perfect timing for this series! I am getting a CNC in a couple of weeks. I am going to start with 3 niches. This will be a side hustle as I do enjoy my job. So I am interested in hearing your approaches to shops. Thank you
My passion is woodworking of all types, just bought a used cnc router for my tiny garage/shop to help boost production. My daily job is working as an Electrician, at 4-12 hr days. I do my woodworking on my 4 days off helps relieve the stress from my electrical work.
i think two huge challenges for new business owners are understanding how being an LLC can protect your personel property, and being afraid of asking for money from customers for the product and being firm about it. I did so much free programming for customers just to get the deal it makes me sick to think about it.
I think this series is one of your best ideas. I'm looking forward to watching it. It appears you have covered all the data collection such as costs, etc. But will you also keep track of your time? I ask because as a one-man shop, I am worried about all the hidden unknowns that could turn this into ongoing 16-hour days.
Side hustles will make money with the commitment of a part time or full time job. For people who don't want to commit to a side hustle, cutting expenses would be the better thing to do. However, I look forward to seeing your results.
Let's see it. I have been following for a long time watching since I have had all of these machines in my mind since I know all the software very well. I just don't see the return unless you can mass-produce or have multiple hands on deck. Good luck.
Wow! This is great. I have followed you on UA-cam and, of course, watched you on Tim Allen's latest show, but this is truly unique. I am a teacher and I teach entrepreneurship. This video series will help so many of my students who are considering starting their own businesses. I have one student for example who is a luthier and his passion is making string instruments. He has just started his own brink and motor location. I will recommend that he watch your video series. This is a brilliant idea. Take care, Gabe
Really looking forward to this series. I just picked up a laser and a Onefinity Foreman on order in hopes of taking my woodworking hobby in the side hustle direction. Thanks for putting the extra hours in to help the viewers.
Will you also be sharing the differences and cost of the various e-commerce sites and hidden fees, how long does it take to get your funds for the item produced and handling taxes when shipping too other states?
Very well done; good coverage, and actual helpful for when I stop playing college professor, and ramp up my tiny corner of the garage shop. I have already found it hard to protect my passion, so thanks for throwing that in
This really cool, and I look forward to the videos to come, showing your progress. One thing I would suggest with one of the products you already have, is to consider a variation of the "best round" sign, as a calendar. A golf-themed calendar could be almost identical to it, and could possibly be a good seller. Take care, and best of luck!
Thank you April for your informative video. As a small wood shop operator, I have learned that you have to narrow your product lines. I was trying to make to many different products and became to scattered thus eating into production time. I have pulled back to four favorite items and putting the "fun" back into it all. Best of luck to you in your new endeavor. You have come far "Grasshopper" Wood Wizard Studios Langlois, OR
If you plan on wholesaling to a retailer you'll want to double your margins. +30% margin from manufacturing to wholesale... then another +30% margin from whole to retail. That will allow you to make money wholesaling as well as leave meat in the MSRP for the retailer to make money as well. Also, don't short sell yourself. It's not uncommon for bespoke limited run products to have higher margins. I am setting my new product line up with 50% margin to wholesale and 50% margin to retail which gives me an overall 75% margin. Leave lots of room for sales, bulk discounts, group buys, etc.
I love all your videos and I actually made the folding work bench this morning. Your business with the golf products will go easier for you than the average person mainly because you have an audience like you said. But I am very much looking forward to getting any tips to start something on. Keep up the good
I'm fully retired and have no interest in monetizing anything I create, but it's great that you are taking the time to go through the process of setting up a business venture and sharing your findings to those that don't have your experience or expertise.
This couldn't have come at a better time! I'm currently getting my shop set up for more metal fabrication and have plenty of ideas I'd like to explore but have always wondered if it could be monetized. Thanks for putting this together for us and looking forward to the next video!
This should be a very interesting series. A useful resource for anyone starting or wanting to increase online sales from their workshop. Great advice at the end too. I’m so glad you have not loss your Passion for Making April! 😃👏
Very cool! I sold a race car recently, and had a little extra cash and thought long and hard about buying a Wazer waterjet. My S/O does stained class as her hobby, and it would be useful for that, and obviously cutting just about anything. The $10k seemed a bit too steep and settled on a Qidi CarbonFiber 3d printer. Yet to finish a marketable product, but have made a number of things for myself. Still have to get better at Fusion360, though. I'll be following this closely. I sell a digital product on Etsy already.
Hello April, congratulations on expanding your offerings. People often avoid new endeavors because they are apprehensive and think they will fail. You should try using QBO with projects to keep track of your expenses and see how much money you make from each project.
ill be watching this I have made several items to sell but haven't made sales yet. I am curious what places are out there besides etsy. etsy is so crowded now and pricing has gotten out of hand. would be nice to see whats out there.
Weird! I started playing golf some weeks ago and I always wanted to buy a laser cutter and try to make some money out of it. Really looking forward on this!
Such a great series to start April! Thank you for putting this together. I must say, that tip about social media is golden. I work with so many small businesses in my day job as a web developer who get so overwhelmed by social media. Simply filling up your main instagram feed page with just those photos is great. It really does give a user the breadth of what you do as a business. I am going to "steal" that tip :-)
If someone asked me which impresses me more, your technical skills in making things or your business & marketing knowledge, I don't know how I'd choose. Thank you for sharing your knowledge and experience.
Aw thanks! I like to think I'm putting my Business Degree to good use. :) Thanks for watching.
I look forward to this series. I've been "retired" since 2015 and have thought about "monetizing" the things I make. Every time I start into figuring out how to sell, I end up overwhelmed and confused. And worse yet, I am convinced the "business" will overtake my fun. I have watched you from your beginnings here. I am very impressed with the way you have grown in confidence and your ability to jump into all of the businesses and projects. Wow! Thanks for sharing all of it.
Same here. I call it "analysis paralysis". Write down your questions, hunt those answers down like you're starving to death and need meat! 🤣
Keep moving forward....you got this!!!
Wishing you all the best!
Same here! I retired in 2017
Good luck with the product launch. You are looking radiant.
Thank you so much!
I was in the middle of typing a comment suggesting experiement-wise you're going to get a boost from having over a million people following you, no matter what. Glad you mentioned that at the end, and props to you for trying to take that into account!
I am glad that I saw your comment. I had the same thought. I have a small channel under 5000 but I do have a relatively successful Etsy store that helps to finance my shop and them some. It will be interesting to see how this series goes.
Beautiful video! Have a great Sunday!!👍 🙏 😘
Love the last part, keeping your passion. Going to be interesting to follow, thank you April!
Thanks so much!
I make sheds and found that a good business model is renting them out as a portable storage option. It’s a more profitable business model compared to selling them. Not every product is suitable for this type of business model but just an option to consider.
April you are a machine. I've been watching you from the beginning and I admire your energy and creativity. You certainly deserve all of your success.
Thanks so much! I appreciate your kind words.
You are the queen of wood an tools ! Gotta love a texas gal !!
I actually saw your 4 month follow up video first, then came here to watch this one and it answered a big question for me. How much of the success of your shop is due to the products as opposed to name recognition. I have been following your projects for years, and I know how important brand can be. I was so excited for you when I saw you on Tim's show. It's good to know that you remained neutral in your testing to avoid the inflated conversion rate due to knowing you are popular.
Retiring in a couple of years from the construction trades, I have been hobby woodworking for just about as long. I have collected a nice wood shop of tools and am seriously considering making and selling wood things at craft fairs and wondered about the digital marketplace. I am a troglodyte on computers so that is a bit scary. I look forward to watching you explore this avenue.
Many of us have watched webinars that pump $2000.00 dollar courses that promise amazing riches. Instead, you are willing to show us in real time your journey to figure it all out yourself in real-time. Looking forward to watching this unfold.
Awesome! I'm excited to share my results. Thanks for watching.
Your willingness to share your knowledge as you venture through this process is very generous and helpful. Thank you. Looking forward to the journey.
Thank you! Yes, I'm anxious to see how this goes. Thanks for watching.
So well said at the end on protecting your passion. I’ve had several hobbies and interests wither because work just sucked the joy out of that type of project; the last thing I want to do after putting in 10 hours at work is to keep using a similar skill set and tools in my down time.
Excellent video April, and yes, when the passion is gone there may be little left. Keep smiling.
I agree with Dan Cardin - for this to be a true experiment, it needed to be launched from scratch with NO association to you, then the videos put out as a "Here's what I DID, and these are the results of my blind experiment without the benefit of my following" - that would yield a better grass roots business start-up result. But thank you for the great outline!
Cannot wait for this series, thank you.
Yes, stay tuned! I can't wait either. I will tell what I learned good or bad. Thanks for watching.
This sounds very intriguing. Can’t wait for more of this series
Great! Stay tuned for the updates. Thanks for watching.
Remember margin is cost \ inverse of margin. So a cost of 10.00 with 30% margin is 10\.7 so the sale price is 14.28. I recommend a higher margin on smaller item if possible 40% is 10 \ .6 or 16.66. The extra 2.00 pay foe equipment, insurance, heat and lights.
Thanks for this. I've been doing it wrong.
This is a great idea, looking forward to following this, thanks!
Awesome, thank you!
@@AprilWilkerson Wow, I didn't actually expect you to respond! I see you on my TV, the Maker Channel, all the time, so a popular celebrity just responded to me, so cool! Thanks!
Definitely looking forward to these results 👍👍👊👊
What a fantastic business mind!!!!!! There is no doubt why she is so successful.
Thanks! I'm putting my Business Degree to good use. :)
Excited to see how you use this thing.
Got a gweike cloud on the floor in the garage for mass production of some smaller projects. Screaming at me to get set up soon.
your organization skills always amaze me
Thank you so much!
Brilliant idea for a series of videos. This will be beneficially to so many people.
I hope so. I want to help shorten the learning curve for people so am anxious to see what happens. Thanks for watching.
This definitely will be interesting! The underlying key to any business success is understanding your breakeven point and how actual cash expenses vary monthly. Glad you are sharing this information as you go into this new endeavor. Thanks April!
Thank you! I hope many will find this Series useful. Thanks for watching.
@April Wilkerson All this info will be very useful to me!
I look forward to what you find out!
Thanks for Sharing 👍
April you have one of the best UA-cam channels, I love your content the way you explain your ideas it all works very well thank you. Best of luck on this new adventure!
Thanks so much! I'm glad you're enjoying my channel. Thanks for watching.
Wow..but I should not be surprised seems like a sound & wonderful new adventure planned..a multiple pronged approach, while still experimental in it's infancy..I cannot wait for the next steps you take in order for it to be a successful exploration & experience shared information with all. This is another great opportunity that can not be missed & this is absolutely the best time to act. Another Sunday well spent with you April even though very brief every minute is filled with Value. Thank you, cannot wait for next video with early shared results. Have an Enjoiable, Blessed day & weeks April.
Thank you for your kind words. And thanks for watching.
In addition to tracking costs that go into the product, you should track how much time is required to develop and produce a product. If it takes 40 hours to create a single plaque, how much do you have to charge to justify that amount of time? If it takes 40 hours to set up to produce 100 plaques, and each individual plaque takes 10 minutes, how much do you need to charge?
My sister ran a business back in the 90s. One of her mistakes was not tracking all of the labor hours (hers, her kids, our parents) that went into the product/service. Also consider travel time and distance to the hardware store or where ever you get supplies. The 2023 US IRS tax deductible rate for mileage is 65.5 cents a mile (which accounts for fuel, insurance, depreciation).
Speaking of the IRS, keep and organize receipts and travel logs.
Yes! Very much looking forward to this series!
Thanks!
I cannot thank you enough for doing this April!
Awesome! I'm glad you found it useful. Thanks for watching.
This is a GREAT IDEA. Many of us would love to experiment with a side hustle like this, but researching when you have a full time job is overwhelming. I can’t wait to see the rest of the series!
Thanks! It'll be interesting to see what happens. Thanks for watching.
I think you got it, I can see the possibility is endless. With your talent, you will succeed, and provide some great services, best of luck and continue the journey ! 👍
Omg, April! Thank u for your hard work, and it is so wonderful that you are sharing this with everyone!💗
Thank you so much! I'm glad you enjoyed the video. Stay tuned for updates. :)
Coincidently, we are in the midst of trying our hand at a physical product line, so this video series is very timely for us. You are one of the few people I find myself taking actual notes from. Thank you for putting in the time and effort, can't wait for the next video in this series!!
Glad it was helpful! Thanks for watching.
Let’s Do It !!!
You totally read mind on this! Can't wait to see your results!!
Thank you! I'm excited to see what happens. Thanks for watching.
An excellent, and informative video! I look forward to your next report.
Well done, April!
Glad you enjoyed it! Thanks for watching.
April, I've been following you for 2-3 years and have always enjoyed your videos. This series really has my attention. Thanks!
Awesome! Thank you!
I have faith that whatever you do will be a success!! God bless you!!
Thank you for your confidence and support.
Very cool idea, April!!!!! ❤❤❤
This is awesome!!! My wife have been thinking about this for a while and this hopefully will give us an educated stating point. Thank you April!!!!
Glad it was helpful!
Very helpful video. I'm looking forward to the next one. Thank you
Awesome! Glad it was helpful! Thanks for watching.
I think this a great idea for a series of videos. It’s worth mentioning that when people want to compete with lower priced digital product purveyors, price-matching is not the answer. Take the money you’re willing to cut from your profit and apply that towards advertising. Facebook is reasonable, but isn’t always successful if you go too broadly. If you work out your ideal customer, you can go in and select accordingly in Facebook. If people want to market to a specific demographic, they can choose those options that focus the advertising reach towards that specific audience. There’s lots of free information about this to be found.
Thank you April that was an "Amazing" discussion. One thing I appreciated was your end comments regarding passion and, well not being fun anymore. I started on Etsy June 2020 sellling High end dovetail keepsake boxes. I thought I'd sell one here and there. I had no idea I would sell 300 of them to date all over the world. Yes, I enjoy it but for one 74 year old it does turn into a part time job. I HIGHLY recommend Etsy for so many reasons. You are a tremendous inspiration April! Thank you.
Where can I find your shop on Etsy. I’d love to see your box options.
Thank you - this will be a great series.
Thanks! Hope you enjoy it!
Will be an awesome experiment! Can't wait.
Perfect timing for this series! I am getting a CNC in a couple of weeks. I am going to start with 3 niches. This will be a side hustle as I do enjoy my job. So I am interested in hearing your approaches to shops. Thank you
Glad it was helpful! And best of luck with your side hustles, thanks for watching.
Thanks for sharing that, Good luck!
Thank you so much!
I look forward to seeing more of this series.
Awesome! Stay tuned! Thanks for watching.
Great idea for a series, can’t wait to see them.
Great! Yes, it will be interesting to see what happens. Thanks for watching.
Awesome this should be interesting. Your approach and tracking is spot on.
Thanks! It'll be interesting to see what happens. Thanks for watching.
VERY COOL IDEA 💡 APRIL…WE ARE WATCHING 👀 and waiting to see what happens 🤔💚💚💚
My passion is woodworking of all types, just bought a used cnc router for my tiny garage/shop to help boost production. My daily job is working as an Electrician, at 4-12 hr days. I do my woodworking on my 4 days off helps relieve the stress from my electrical work.
That is awesome! Thanks for sharing and for watching.
Curious when the next video will come out in this series.
I love this idea and I'm really looking forward to this series!
Thanks! I'm anxious to see what turns out also. Thanks for watching.
Good luck, looking forward to your future videos
Thank you so much!
i think two huge challenges for new business owners are understanding how being an LLC can protect your personel property, and being afraid of asking for money from customers for the product and being firm about it. I did so much free programming for customers just to get the deal it makes me sick to think about it.
I think this series is one of your best ideas. I'm looking forward to watching it. It appears you have covered all the data collection such as costs, etc. But will you also keep track of your time? I ask because as a one-man shop, I am worried about all the hidden unknowns that could turn this into ongoing 16-hour days.
Best of LUCK to you and your new vision April. You will make it work so stay safe and have fun. Fred.
Thanks Fred!
Really appreciate your content!
Thanks! Glad you enjoy it.
Side hustles will make money with the commitment of a part time or full time job. For people who don't want to commit to a side hustle, cutting expenses would be the better thing to do. However, I look forward to seeing your results.
Niche is PRONOUNCED NEESH. Great video, thanks.
UK = Neesh. US = Nitch.
Good video. I’m doing one similar!
Let's see it. I have been following for a long time watching since I have had all of these machines in my mind since I know all the software very well. I just don't see the return unless you can mass-produce or have multiple hands on deck. Good luck.
Wow! This is great. I have followed you on UA-cam and, of course, watched you on Tim Allen's latest show, but this is truly unique. I am a teacher and I teach entrepreneurship. This video series will help so many of my students who are considering starting their own businesses. I have one student for example who is a luthier and his passion is making string instruments. He has just started his own brink and motor location. I will recommend that he watch your video series. This is a brilliant idea. Take care, Gabe
Thank you! That is wonderful about your Student. I made an electric guitar a few years ago. Have him check out that video series. Thanks for watching.
Really looking forward to this series. I just picked up a laser and a Onefinity Foreman on order in hopes of taking my woodworking hobby in the side hustle direction. Thanks for putting the extra hours in to help the viewers.
Yes, I'm anxious to see what the results will be. Glad you found it useful. Thanks for watching.
Will you also be sharing the differences and cost of the various e-commerce sites and hidden fees, how long does it take to get your funds for the item produced and handling taxes when shipping too other states?
Good luck April
Very well done; good coverage, and actual helpful for when I stop playing college professor, and ramp up my tiny corner of the garage shop. I have already found it hard to protect my passion, so thanks for throwing that in
Great! Glad you found it useful. Thanks for watching.
This really cool, and I look forward to the videos to come, showing your progress. One thing I would suggest with one of the products you already have, is to consider a variation of the "best round" sign, as a calendar. A golf-themed calendar could be almost identical to it, and could possibly be a good seller. Take care, and best of luck!
Great information! Thank you!!
Glad it was helpful!
Cool! I’m looking forward to seeing how this can work. Thanks!
Yes! Stay tuned and thanks for watching.
Thank you April for your informative video. As a small wood shop operator, I have learned that you have to narrow your product lines. I was trying to make to many different products and became to scattered thus eating into production time. I have pulled back to four favorite items and putting the "fun" back into it all. Best of luck to you in your new endeavor. You have come far "Grasshopper"
Wood Wizard Studios
Langlois, OR
Thanks! I'm glad you enjoyed the video.
What a fantastiic idea for a video series! Thanks so much to share this journey with us, highly valuable!
Glad you enjoyed it! Yes, I hope it's helpful to people. Thanks for watching.
Vaaler GC-just down the road!
Love the video, can you link to the golf products you displayed in your video?
Sure! The site is teeboxshop.co Thanks for watching.
Thank you for doing this! Looking forward to seeing the final results.
Very cool can’t wait to see the next video thanks for sharing
Thanks for watching!
If you plan on wholesaling to a retailer you'll want to double your margins. +30% margin from manufacturing to wholesale... then another +30% margin from whole to retail. That will allow you to make money wholesaling as well as leave meat in the MSRP for the retailer to make money as well. Also, don't short sell yourself. It's not uncommon for bespoke limited run products to have higher margins. I am setting my new product line up with 50% margin to wholesale and 50% margin to retail which gives me an overall 75% margin. Leave lots of room for sales, bulk discounts, group buys, etc.
I love all your videos and I actually made the folding work bench this morning. Your business with the golf products will go easier for you than the average person mainly because you have an audience like you said. But I am very much looking forward to getting any tips to start something on. Keep up the good
Hi April. How can I see the ledger?
I'm fully retired and have no interest in monetizing anything I create, but it's great that you are taking the time to go through the process of setting up a business venture and sharing your findings to those that don't have your experience or expertise.
This is going to be very interesting.
This couldn't have come at a better time! I'm currently getting my shop set up for more metal fabrication and have plenty of ideas I'd like to explore but have always wondered if it could be monetized. Thanks for putting this together for us and looking forward to the next video!
Glad I could help!
Can't wait for the next episode, I've been checking back daily ow that we're a month in....ya hooked me
A video will be coming soon. Still gathering data. Thanks for staying along for the ride.
This should be a very interesting series. A useful resource for anyone starting or wanting to increase online sales from their workshop. Great advice at the end too. I’m so glad you have not loss your Passion for Making April! 😃👏
Thank you!
Well done ✅👍
IMHO, the very last thing you said in this video is the most important thing you said. No soap-box, just great advice.
Very cool! I sold a race car recently, and had a little extra cash and thought long and hard about buying a Wazer waterjet. My S/O does stained class as her hobby, and it would be useful for that, and obviously cutting just about anything. The $10k seemed a bit too steep and settled on a Qidi CarbonFiber 3d printer. Yet to finish a marketable product, but have made a number of things for myself. Still have to get better at Fusion360, though. I'll be following this closely. I sell a digital product on Etsy already.
Thank you April, I wish you success! God bless! 😊👍👍❤️❤️🙏🙏
Thank you so much!
Hello April, congratulations on expanding your offerings. People often avoid new endeavors because they are apprehensive and think they will fail. You should try using QBO with projects to keep track of your expenses and see how much money you make from each project.
Fantastic points, research and overview. Like th advice ab out protecting the passion of an effort. Thanks for sharing.
Good luck in your new venture I love your golfing start hoping someone from The villages area in Florida catches on to this
Thanks!
ill be watching this I have made several items to sell but haven't made sales yet. I am curious what places are out there besides etsy. etsy is so crowded now and pricing has gotten out of hand. would be nice to see whats out there.
Yes, so be sure to stay tuned for future updates. Thanks for watching.
Great project, thanks for this.
Glad you like it!
Good luck!
Weird! I started playing golf some weeks ago and I always wanted to buy a laser cutter and try to make some money out of it. Really looking forward on this!
Awesome! Glad you found it useful. Thanks for watching.
April, this is awesome!! I've been so interested in this for my own things - really looking forward to your results :) Super helpful!
Thanks! We'll see how this goes. :) Thanks for watching.
Such a great series to start April! Thank you for putting this together. I must say, that tip about social media is golden. I work with so many small businesses in my day job as a web developer who get so overwhelmed by social media. Simply filling up your main instagram feed page with just those photos is great. It really does give a user the breadth of what you do as a business. I am going to "steal" that tip :-)
Great! Thanks for watching.
G'day April Thanks for your video's. most interesting
Glad you like them! Thanks for watching.