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2nd April 09, 02:35 PM
#11
What about the following ones you missed:
1. Customs Duties (if you're a US or Canadian maker who orders material from the UK) which generally don't get charged to the customer
2. SHIPPING charges on the material (if you're a US or Canadian maker who orders material from the UK)
3. Electric, phones, international phone bills, internet
4. Insurance - health insurance, business insurance
5. Advertising - print, online ads, business cards, local ads, yellow pages
6. Accountant (for those of us who are accounting retarded or hate doing taxes)
7. Taxes (federal, state and local)
8. Cost of creating a website - paying a programmer and buying a shopping cart program
9. HOSTING for the website, security certificate, etc
10. 'Gateway' fees and other online credit card accepting fees for taking cards through your website.
11. Exchange rate (when it's bad, do the companies raise their prices or just suck up the lower marjins)
12. Risk of getting fraudulent orders (when you ship out an order to a fraudulent addres and the cardholder challenges it, the business loses the merchandise and can not collect it). We just got hit with a $420 chargeback from a fraudulent order that went to Russia (cardholder was in Japan). That money is all lost with no hope of retreival.
13. Bounced checks
14. buying store fixtures (you have to have some way to display your goods)
15. Free shipping - does your kiltmaker offer free shipping? We offer it for orders over $200
16. Miscilaneous: Printer Ink, Computer, Printer, paper, packaging labels (stickers), boxes (free for Priority mail customers ), postage scale, sticky notes, pens, paper clips, staplers, and various office supplies
17. Coffee... Steve and I may spend more on Coffee than chain smokers do supporting their habbit. But it helps us get our kilts done quicker!
and so on... these are the fun parts of owning your own business!
Last edited by RockyR; 2nd April 09 at 02:51 PM.
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