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edzwoo   United States. Apr 11 2011 10:44. Posts 5911 | | |
Hey guys,
I haven't had time for poker since I've been a bit too busy as well losing a bit of desire to play (since I kinda got my fix from earlier).
On another note, here's a nice little milestone on the business. Sorry, it only goes 3 months back so I don't have January, but you can do the math.
Feb: 2634 pieces sold, $26,019.67 sales
March: 3722 pieces sold, $43,004.07 sales
April so far: 1472 pieces sold, $19,332.48 sales
Total for the year: 9555 pieces sold, $106,062.68 sales (yay 6 figure milestone)
Our margins are very good . Holidays included, hopefully we can hit a million this year. We hit a little rough patch the first few months because of constant shortage in stock and getting design done. You can see there's a big increase in sales month to month, and that's because we were selling a small portion of our inventory until recently (needed to wait for a design + takes a lot of work to put up the way we do it). There's also the issue of operating out of our tiny 3 bedroom apartment.
Sorry for not having blogged or posted about poker in a while, but I've been really busy and I might also be visiting Korea this month. I was thinking about just splurging on playing some heads up since Teng's already up like $1600 and I'm totally going to lose the bet (I haven't played so I'm actually still DOWN lol).
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| Last edit: 11/04/2011 10:47 |
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whamm!   Albania. Apr 11 2011 10:48. Posts 11625 | | |
damn this is all online sales? sick. im having a hard time getting people to sign up let alone buy stuff ROFL
how do i promote this when all ive got going for me is that i sell really low prices? like if they sell say 60usd i can sell for 40usd and still have decent margins. all this online poker staying at home zero social life is not helping lol |
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| Last edit: 11/04/2011 10:56 |
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P1mpdaddy   Austria. Apr 11 2011 11:03. Posts 1370 | | |
maybe i am blind...what kind of business do you run? can't find any entry. |
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SpasticInk   Sweden. Apr 11 2011 11:04. Posts 6298 | | |
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whamm!   Albania. Apr 11 2011 11:04. Posts 11625 | | |
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SpasticInk   Sweden. Apr 11 2011 11:04. Posts 6298 | | |
is your apartment your storage room and do you guys ship everything manually by yourself? |
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GoTuNk   Chile. Apr 11 2011 11:13. Posts 2860 | | |
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joLin   United States. Apr 11 2011 11:21. Posts 3818 | | |
| On April 11 2011 10:13 GoTuNk wrote:
what do u sell wtf? |
drugs imo |
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SpasticInk   Sweden. Apr 11 2011 11:25. Posts 6298 | | |
| On April 11 2011 10:13 GoTuNk wrote:
what do u sell wtf? |
guns, whats so hard to believe! |
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LsDDeaD   Bulgaria. Apr 11 2011 11:33. Posts 165 | | |
| On April 11 2011 10:21 joLin wrote:
drugs imo
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+1 |
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YoMeR   United States. Apr 11 2011 12:09. Posts 12438 | | |
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rockman255   Canada. Apr 11 2011 12:34. Posts 4471 | | |
| rockman255: edzwoo the genius |
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rockman255: its not easy being superman U N0 MySteeZ: mega man. rockman255: same thing U N0 MySteeZ: no | |
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FullBRing   Philippines. Apr 11 2011 12:35. Posts 581 | | |
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Jhyun88   United States. Apr 11 2011 13:13. Posts 1383 | | |
Hire me as your Korean slave! |
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K40Cheddar   United States. Apr 11 2011 13:45. Posts 2202 | | |
how much money do you have in actual profits? |
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Jas0n   United States. Apr 11 2011 13:51. Posts 1866 | | |
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TheHuHu3   United States. Apr 11 2011 14:07. Posts 5544 | | |
But how much did you lose? |
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LemOn[5thF]   Czech Republic. Apr 11 2011 14:13. Posts 15163 | | |
| On April 11 2011 10:04 SpasticInk wrote:
he is selling guns |
He is, right? Or was it someone else here? |
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drone666   Brasil. Apr 11 2011 14:50. Posts 1826 | | |
yes, guns for 10$
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Dont listen to anything I say | |
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CirCa   Canada. Apr 11 2011 14:51. Posts 1249 | | |
| On April 11 2011 13:07 TheHuHu3 wrote:
But how much did you lose? |
lol this!
as a business man you know that posting revenue doesn't mean much to us at all... so not sure why you are showing this to us because only you know how much you are making
also it would appear your business is growing but how much of that is cyclic? i'm sure the fact it's spring and summer is approaching is helping sales
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| Last edit: 11/04/2011 14:58 |
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CirCa   Canada. Apr 11 2011 14:51. Posts 1249 | | |
| On April 11 2011 13:13 LemOn[5thF] wrote:
He is, right? Or was it someone else here?
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yes i believe he said him and his partner sell airsoft guns |
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lostaccount   Canada. Apr 11 2011 15:11. Posts 6438 | | |
grats ed yea he sells airsoft guns |
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he said their margins are very good, so I'm sure they feel like they are making enough and aren't selling $25k in merch and making $1k profit lol
yeah pretty ownage. well done |
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CirCa   Canada. Apr 11 2011 15:54. Posts 1249 | | |
| On April 11 2011 14:38 Night2o1 wrote:
he said their margins are very good, so I'm sure they feel like they are making enough and aren't selling $25k in merch and making $1k profit lol
yeah pretty ownage. well done |
i'm just wondering how good the margins can really be as it seems their market should be leaning towards perfect competition?
anyways if it really is that profitable more sellers will naturally enter and prices will drop... such is economics
good for them though that they seem to be in it at a good time (if the margins are really that good) and are putting in the work
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| Last edit: 11/04/2011 15:57 |
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Jas0n   United States. Apr 11 2011 17:27. Posts 1866 | | |
lol, the market is nowhere near perfect competition |
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edzwoo   United States. Apr 11 2011 17:28. Posts 5911 | | |
| On April 11 2011 14:54 CirCa wrote:
Show nested quote +
On April 11 2011 14:38 Night2o1 wrote:
he said their margins are very good, so I'm sure they feel like they are making enough and aren't selling $25k in merch and making $1k profit lol
yeah pretty ownage. well done |
i'm just wondering how good the margins can really be as it seems their market should be leaning towards perfect competition?
anyways if it really is that profitable more sellers will naturally enter and prices will drop... such is economics
good for them though that they seem to be in it at a good time (if the margins are really that good) and are putting in the work
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The way we do business is different than most. Some of our products have profit margins are 20%, and some are over 100%. I would give you some hard numbers if I could, but all I can do is estimate the average since we're piggybacking all the work between the two of us and only just started speaking to an accountant . |
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NewbSaibot   United States. Apr 11 2011 17:32. Posts 4947 | | |
I'm gonna have to go with guns. |
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whamm!   Albania. Apr 11 2011 18:10. Posts 11625 | | |
| On April 11 2011 16:32 NewbSaibot wrote:
I'm gonna have to go with meth rocks. |
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bane   United States. Apr 11 2011 18:50. Posts 2379 | | |
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CirCa   Canada. Apr 11 2011 19:02. Posts 1249 | | |
| On April 11 2011 16:27 Jas0n wrote:
lol, the market is nowhere near perfect competition |
i never said it was... i just figured it was similar in some ways
-many firms selling similar products that are fairly replaceable with each other
-no real barriers to entry i would assume
-sellers and buyers probably have a good idea of prices... market really dictates the price
-established business doesn't have huge advantage over newer ones
that's great you are doing well just hearing the margins were high surprised me but i wasn't thinking about more specialized items though and all different sorts of accessories
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| Last edit: 11/04/2011 19:07 |
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CirCa   Canada. Apr 11 2011 19:06. Posts 1249 | | |
| On April 11 2011 16:28 edzwoo wrote:
Show nested quote +
On April 11 2011 14:54 CirCa wrote:
| On April 11 2011 14:38 Night2o1 wrote:
he said their margins are very good, so I'm sure they feel like they are making enough and aren't selling $25k in merch and making $1k profit lol
yeah pretty ownage. well done |
i'm just wondering how good the margins can really be as it seems their market should be leaning towards perfect competition?
anyways if it really is that profitable more sellers will naturally enter and prices will drop... such is economics
good for them though that they seem to be in it at a good time (if the margins are really that good) and are putting in the work
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The way we do business is different than most. Some of our products have profit margins are 20%, and some are over 100%. I would give you some hard numbers if I could, but all I can do is estimate the average since we're piggybacking all the work between the two of us and only just started speaking to an accountant . |
that's awesome man... i'm definitely surprised by that as i figured prices would be really competitive selling online
keep putting in work while the market is so good! |
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Stroggoz   New Zealand. Apr 11 2011 19:16. Posts 5365 | | |
but how much did you lose |
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One of 3 non decent human beings on a site of 5 people with between 2-3 decent human beings | |
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Exhilarate   United States. Apr 12 2011 01:32. Posts 5453 | | |
lol bunch of trolling haters here, grats dude |
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Currency   New Zealand. Apr 12 2011 05:07. Posts 618 | | |
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the cleaner   Germany. Apr 12 2011 11:34. Posts 3014 | | |
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there are no facts only interpretations | |
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k4ir0s   Canada. Apr 12 2011 22:35. Posts 3480 | | |
wow! nice to see your doing so well :O im jealous |
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I dont know what a dt drop is. Is it a wrestling move? -Oly | |
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inde   Germany. Apr 23 2011 09:15. Posts 1298 | | |
congratulations  |
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