Retailers Forum Magazine AUG 2014 | Page 90

FORUM WORKSHOP Forum Workshop Hereʼs how to determine the numbers: 9 0 As I have said before, many people start busi• nesses based on their professional (or hobbyist) experience. This is the first place you need A to look for numbers. If you have worked as a U manager, you have certainly had access to figG Y U ures. You know what things cost. Write this information down. If you are a hobbyist, your S T numbers will be high because you have not 2 bought in quantity. Call the people you have 0 bought supplies from and ask what prices they 1 would charge for bulk purchases, say a hun4 dred or more. If you have no background in what you plan to sell, youʼll have to make a lot of telephone calls to potential suppliers. much capital you will need, assume youʼll pay cash on delivery. Itʼs best to calculate your money needs on a worst-case scenario – what if no one buys what you have to sell? What will it cost to open your doors for business? While youʼre asking about prices, also ask about terms. Will you have to pay cash or make payments over time? But to determine how continued.. Attn: tRADe SHow exHiBitoRS: Premiums & Giveaways for your Clients Pen/Highlighter Combos 77¢ F O R U M Made in USA 32oz. Sports Bottle 73¢ Pens 11¢ Dozens of Printed Bags 19¢ +up Large Variety of Rulers 11¢ +up Largest Selection at Lowest Prices • We Match or Beat any Competitor Fast Online Ordering • Cust Service: 1-877-368-5678 Shop by • Price • Event • Industry www.PromotionalRewards.com