Due to a minimum order quantity of 100 pieces for each color (see screenshot from suppliers pricing below), I had to make a decision which color I wanted to poland phone start with. I had no data to rely on, so I went with black. Screenshot showing prices for an item I assumed black would sell better, poland phone as black matches with every other color. Being at the beginning stages of my new ecommerce business, I poland phone had to do some math. THE MATH My whole approach on this new business is “keep it simple.” My calculations are no different. At first, I wanted to know how much money I would need to get started.

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The price of one backpack is $11.50. I poland phone asked for a discount and the supplier offered $11.30. Not that much, but as I wanted to order 100 backpacks, I’d save $20. Screenshot showing a conversation As you can see I said that I had to ask my boss about the price. I wanted them to poland phone feel like I’m just the guy who communicates, and not the one making the decisions in my company. Back poland phone to the calculation: $1,130.00 USD (100 backpacks) + $80.00 USD (100 rubber patches) + $970.00 USD (express air shipping to

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Germany) + $215.00 USD (approximate, poland phone customs) = $2,395.00 USD* *this sum doesn’t include taxes, as I will get them back with my tax return. Of course, there will be more costs later on. But for now, this $2,395.00 is my startup cost. Next up, I wanted to know how many poland phone backpacks I had to sell to break even. I put all the numbers into a Google spreadsheet and did two poland phone calculations. One for the case that a customer would order with a discount of 30% (column B pictured below). And another one without applying a discount (column D).

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