So this weekend? I bought a printer. A color laser printer. The whole weekend has been sort of overshadowed by it. This probably shows my tendancy to place greater importance on little things, but this printer signifies to me the venture into printing paper patterns. This is scary for one major reason. Money. It means investment in something that I’m not sure will be successful. And it’s not that I don’t think yarn stores will want my patterns, it’s that I think that I may not be able to keep up with this stuff while keeping my sanity…. but I’ve got some strategies and hopefully it won’t be too bad. Here’s a bit of a warning though…. I haven’t quite figured out the pricing stucture yet. I need to figure in all my costs, so I may have to raise the prices in my online store (at least on the shawls) so I don’t outsell the yarn stores.
It goes something like this:
Cost of paper + cost of new cartridges per page + cost of printer ammortized over first 320 copies = cost of goods sold (COGS)
COGS + Profit = Wholesale Price
Where Wholesale Price x 2 (retail stores generally mark up patterns 100% from their cost)< or = $7.00.
I know that not many knitters would be willing to pay more than $7 for a pattern, so I’m trying to keep everything under that mark. And the sock patterns (seeing as they are smaller and don’t require as much paper) will be less, probably $6. Granted, once the printer is paid off, my profit will go up by about $1 per pattern, but frankly, I am not getting rich with this venture, but it does give more exposure and the chance to sell MORE patterns even though I make less profit.
So here’s where I need your help…. do any of you smart people know of a spreadsheet template or something of the sort that I can use for invoicing. I will be selling with net 30 terms to yarn stores, so they will need invoices so they can pay me. Now to set up all the other stuff… gotta get my business license from the city (I’m already registered) and I open a business checking account, and switch paypal over to that account…. oh lord… is that water getting a little high to anyone else? Should I be building an ark?
M
Hannah finished her Adamas shawl! Go look at her pictures taken in the Arizona desert! I LOVE the West!
Adrienne finished a beautiful Icarus shawl in white! It looks fabulous!