Things have been busyish since my last post. Just getting some last minutes stuff sorted for the wedding which is this Sat. Mostly trying to figure out what to do about the few days that I'm not at work shipping. Luckily my sort-of partner is going to be able to do it. Going to Las Vegas for the first time, this should be interesting...
Still confuzzled what her role is now. Need to sit down and talk to her. She was on the way out, ow she doesn't want to pull her cash out, so I'm ot sure if she wants to stay in or what. Gah!
Have new business idea. Selling products again, but this time, looks like minimum mark-up is 100% at least, easily 200% if I manage to get the volumes to go direct. So a lot more space to go with the business, and with fewer SKUs, initial investment in stock will be much more limited. Thank God.
There's even a local (as in Vancouver) distributor, so I should really get around to contacting them. But worst case scenario, already found a US distributor that does it pretty cheap.
Only thing is, I'm wondering if I'm splitting my time / resources up too much. Set-up cost is going to be a minimum of $1500. Not including design time, etc. And then I'll have to market it, which could be at least another 1-2k. Of course, I could set it up to slow-growth via SEO practices (probably the best idea) which means my monthly cost would be low - like $20-30 only. That would however mean that I'd get little from it for at least 6 months, but long-term wise, it'd be relatively cheap. And since Starlit is doing well enough to suubsidise this, it'd be a good secondary revenue stream.
On the other hand, if I toss all my time into Starlit, would I be able to get the same level of revenue (if not profit)? Maybe - but the problem is that getting the initial growth is always easy, the next step is the tough bit. Which is where I'm at. And while I'll still be devoting a large chunk of my time to Starlit, it might be worthwhile already launching the higher margin one to get the 'incremental sales' and profits. After all, much of my 'fixed' costs are paid for already. And the higher margin meas dollar for dollar, I need to generate much less sales. Something to consider, but I'm leaning towards doing it. *sighs* Owww.... my savings are going to be REALLY hard hit if I do it though. As in, no holidays for me for a LONG while.
Also, decided that
PDB Sales is going to be shifted from a marketing company to an e-commerce consultancy. It's what I do after all, and it makes more sense anyway since I'd rather not consult if it's not in that realm.