Not bad at first: around ₱600 in materials, around ₱1,000 in sales. But that’s only ~₱400 gross profit before counting my time. Each bouquet takes too long to make, so the return isn’t worth the hours.
Nice product. Not a business I want to keep doing.
Update on the fuzzy wire flowers:
I don’t think this is a good business for me.
It takes too long to make each order, and the profit is too small compared to the time I spend making them.
I’d rather use that time on something with better margin and faster turnover.
@thsottiaux Building a thesis-level AI system that identifies medicinal plants, maps their compounds to diseases, and finds drug-discovery gaps pharma might care about.
Bought 240 pcs of Downy for ₱1,415.
₱8 each, or ₱87 per dozen. Selling one by one gives me more margin. Selling by dozen gives the customer a ₱9 discount and gets my cash back faster.
That’s the part I’m testing now: how much margin should I give up to move inventory faster?
Start with the mindset that you will fail. Then there’s no risk. Nothing to be nervous about. Just focus on learning, and be lethal at that. -D.
https://t.co/DLg3QBrv9p
@Unilever, @Nestle, @ProcterGamble, GrowSari.
Why do we need to travel 10-20km and stop at 3-4 stores just to restock?
NO DISTRIBUTOR REGULARLY COMES TO MY TOWN!!
Where the hell is the distribution?
If last mile is the problem, I'm here!😬
it’s been SIX MONTHS since i met someone who introduced me to AI, cybersecurity, values, etc. call me ignorant🤣 but he never got tired of teaching me even when i’m slow. “slow is smooth, smooth is fast”
anyways, i didn’t notice how fast it passed. lucky me. au revoir!˘ ³˘
Running a small convenience store means writing inventory by hand, counting what’s left, checking sales and utang (credit), then doing the math just to know if I actually made money.
Every. Single. Time.😬