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How to scale my business and finally profit
HOT!We have experimented with small price increases yes, it's just so hard to track and determine if we're losing customers, gaining profits etc. We also always keep an eye on competitors to see what they sell for. We try to stay at or just under competitor pricing.- Tyler11
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How to scale my business and finally profit
HOT!Accurate inventory turnover is something we need to track. Is there any proven trackable methods we can implement? Yes we order from our suppliers for a certain price point, receive and sell. Dropshipping was with a company that specializes only in that area. We have exact numbers from our...- Tyler11
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How to scale my business and finally profit
HOT!not sure what you mean here? Great idea. We will implement this. We have an extensive email subscription list we can start utilizing in this regard.- Tyler11
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How to scale my business and finally profit
HOT!Maybe I'm not sure what he was asking then. Yes...our customers are extremely critical in wanting products made in the USA and a lot will not buy or will make a big fuss if it isn't. We've tried drop shipping and print on demand. In our experience, we lost A TON of quality and value with this...- Tyler11
- Post #34
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How to scale my business and finally profit
HOT!We have. It's so hard to determine if that price increase slows down sales or hinders them in any way. Do you have any insight how we could potentially track that or find the correct price?- Tyler11
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How to scale my business and finally profit
HOT!We have a line of credit open to pay for re-orders. What is everyone's advice on loc's? Should we continue to keep that open and use or should we want to try to pay that off and use only cash? Seems growth would be much easier leveraging with an loc as opposed to relying only on cash- Tyler11
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How to scale my business and finally profit
HOT!We are constantly researching new manufacturers, making new relationships etc to find the combination of best price and best product. It's definitely an on going process. Everything we print is in the USA. The $10 per shirt was just a very generic example, not exact. That's our cost from the...- Tyler11
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How to scale my business and finally profit
HOT!1) how do you recommended adding value? I personally think our product has a ton of value. All custom made, in the USA, details galore, ver high quality materials 2) We can definitely do this. Keep in mind the machines to print shirts/hats etc are not cheap. We're talking $100k+ machines. Also...- Tyler11
- Post #28
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How to scale my business and finally profit
HOT!Yes we are working with an accounting firm. We are definitely having a cash flow problem. We have a line of credit opened and use for re-orders- Tyler11
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How to scale my business and finally profit
HOT!Texas- Tyler11
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How to scale my business and finally profit
HOT!Thank you! We sell online. We use different manufacturers for different products. Each seems to have their niche they're good at. Most all made here in the USA.- Tyler11
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How to scale my business and finally profit
HOT!We use a program called Shipstation- Tyler11
- Post #24
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How to scale my business and finally profit
HOT!This sounds exactly like what I'm looking for. I will dig in, research and see if we can start implementing some of these strategies. Thank you!- Tyler11
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How to scale my business and finally profit
HOT!Hey guys! I run a successful clothing line. We are projected to hit our 2019 goal of $2.2M in revenue by end of year. Growth is double from 2018. I have 2 questions. #1 How do we increase profits? When we hit $2.2M our expenses will be right up there close to that $2.2M. How do we further...- Tyler11
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- Forum: Ideas, Concept Feedback
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