LumberJocks

Reply by MadMark

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Posted on Please Advise I'm new to woodworking

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MadMark

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.

M

-- Madmark - [email protected] Wiretreefarm.com


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