Hey everyone, today I will be looking to sell my business model. Unfortunately it isn't protected so I wont be able to give all the upfront specific details. However I will try my best to convey the idea as best that I can without shooting myself in the foot.
Proving to myself the business is worth doing
Keep in mind that the figures towards the top of this message are extremely conservative meaning these numbers are the minimum that the business idea would pull in within one year if it all went the worst way possible.
Customers: 550
Value per customer: £27
Total Sales: £14,834
Total Expenses: £9,803.18
Profits: £3,168
Profits as a percentage: 21.36%
These figures don't make the business look worth the time however I have been extremely conservative meaning that these are the results if the business did the worst it possibly could which makes the £3,168 profit now look good.
If I look at my competitor I can see they had 89 orders on one day which isn't unusual for them. The first 10 orders came to £1,304.19 in sales and £278.57 profit.
If I now use the first 10 orders as a base example for the other 79 orders in that day their estimated total sales comes to £103,031 sales and £22,007 profits.
These numbers are very high and could be exaggerated and I don't want to accidentally feed myself a lie, although these numbers are more than possible.
I know that 89 customers a day isn't unusual so if I calculate the lowest amount that I can get per customer that would be £27*89= £2403
I then have a profit margin of 21.36% which gives me £513 profit for one day. These results project the absolute minimum I could get per customer and still give great results, within one day, which shows this business is solid and worth while.
What does the business do?
Essentially the business model revolves around selling customized artwork to your clients. The price of the artwork ranges from $5-$10 (this is your cost to the artist) the minimum a client can pay for their art is £27. I have found that customers tend to spend minimum $100 and have no problem spending $300+ based off of the competitor. You then email the client the finished art and take home the profits. Do not think of "art" as the Mona Lisa kind of art but rather creative and fun art. There's a reason people pay a lot of money for their customized artwork and that's because the it is sentimental to them.
If you have any questions please let me know below or on discord. I don't currently have a BIN price. If a reasonable offer comes through as a BIN I will take it, in the mean time feel free to bid below!
I understand that anyone could produce these numbers without any backing, hopefully in the time you have read this post you can gage that I am a business savvy individual with a keen eye for success. Therefore please can all the haters reframe from posting hateful comments/trashing this thread, thankyou.
Discord: SafeStream#2954
Proving to myself the business is worth doing
Keep in mind that the figures towards the top of this message are extremely conservative meaning these numbers are the minimum that the business idea would pull in within one year if it all went the worst way possible.
Customers: 550
Value per customer: £27
Total Sales: £14,834
Total Expenses: £9,803.18
Profits: £3,168
Profits as a percentage: 21.36%
These figures don't make the business look worth the time however I have been extremely conservative meaning that these are the results if the business did the worst it possibly could which makes the £3,168 profit now look good.
If I look at my competitor I can see they had 89 orders on one day which isn't unusual for them. The first 10 orders came to £1,304.19 in sales and £278.57 profit.
If I now use the first 10 orders as a base example for the other 79 orders in that day their estimated total sales comes to £103,031 sales and £22,007 profits.
These numbers are very high and could be exaggerated and I don't want to accidentally feed myself a lie, although these numbers are more than possible.
I know that 89 customers a day isn't unusual so if I calculate the lowest amount that I can get per customer that would be £27*89= £2403
I then have a profit margin of 21.36% which gives me £513 profit for one day. These results project the absolute minimum I could get per customer and still give great results, within one day, which shows this business is solid and worth while.
What does the business do?
Essentially the business model revolves around selling customized artwork to your clients. The price of the artwork ranges from $5-$10 (this is your cost to the artist) the minimum a client can pay for their art is £27. I have found that customers tend to spend minimum $100 and have no problem spending $300+ based off of the competitor. You then email the client the finished art and take home the profits. Do not think of "art" as the Mona Lisa kind of art but rather creative and fun art. There's a reason people pay a lot of money for their customized artwork and that's because the it is sentimental to them.
If you have any questions please let me know below or on discord. I don't currently have a BIN price. If a reasonable offer comes through as a BIN I will take it, in the mean time feel free to bid below!
I understand that anyone could produce these numbers without any backing, hopefully in the time you have read this post you can gage that I am a business savvy individual with a keen eye for success. Therefore please can all the haters reframe from posting hateful comments/trashing this thread, thankyou.
Discord: SafeStream#2954
Banned forever. Reason: Ban Evading (TheBeastyPenguin, https://builtbybit.com/members/thebeastypenguin.23659/)
