Centrist, progressive, radical optimist. Geophysicist, R&D, Planetary Scientist and general nerd in Winnipeg, Canada.

troyunrau.ca (personal)

lithogen.ca (business)

  • 7 Posts
  • 229 Comments
Joined 2 years ago
cake
Cake day: June 12th, 2023

help-circle

  • There are a lot of people who are bad at business.

    A $40 paper flower, and a $2000/mo lease. Assuming you are sole proprietor and have zero employees, and need an additional $2000/mo to live a meagre existence (food, apartment, etc.) and it takes you 15 minutes to fold each flower.

    Minimum revenue to stay afloat, 800 flowers per month. You’d need to fold for 200 hours, or approximately a 40 hour week of folding. That leaves zero time to do any marketing. So you’re relying entirely on foot traffic, or you’re marketing as overtime.

    To reach 800 sales per month with something so trivial, you’d property require a reach of at least 20,000 customer touch points per month, each who has the time to chat about paper flowers, because your conversion rate is going to be shit. If it’s passive reach, you might need to get an ad in front of half a million per month. You’d need to be a tiktok celeb or something to get this reach without adding expensive ads. And that’s a fucking gamble and a half.

    There’s no way this model works. And the fact that someone tried it isn’t something to celebrate. They possibly poured their life savings into the drain, went bankrupt, and hopefully concluded they were bad at business.

    If you want to sell paper flowers, do it as a side gig from you home. Or make them so luxurious that you can sell them at $1000 each, and rich people buy them as wedding presents – then you only need to sell four per month and can spend the rest of the time marketing.



















  • It’s funny. I have a Proxxon manual mini metal lathe and mill combo which I bought new. And it’s absolutely fantastic (for its price). Proxxon occupies this weird niche in the market where they try to make a suite of entry level tools that professionals would use, but they’re still hobby grade in many ways. Good tools to learn about tools.

    Perhaps it is price though. I paid almost $3k for my lathe/mill combo from them, fully kitted out. The DS230 is like $300 when new, which is damned cheap for something not made in China. Could be that you got what you paid for :/