Reply by MadMark

  • Advertise with us

Posted on Please Advise I'm new to woodworking

View MadMark's profile


979 posts in 1935 days

#1 posted 08-13-2016 05:04 PM

We ALL are looking for that magical product, cheap & easy to make, high margin, wildly popular.

Start making things and find out where your talent lies. Practice until you are perfect & fast.

Tip: most product COGS drops by 1/2 every time product volume goes up 10x. COGS doubles at each stage of distribution. Say your COGS is $10. You have to get $20 to make a profit. The wholesalers sell @ $40 and retail is therefore $80.


-- Madmark - [email protected]

DISCLAIMER: Any posts on LJ are posted by individuals acting in their own right and do not necessarily reflect the views of LJ. LJ will not be held liable for the actions of any user.

Latest Projects | Latest Blog Entries | Latest Forum Topics