(9/12) One thing you might not know about products and product delivery - it takes a long time to develop a product and it takes an even longer time to have it created and it takes an even longer time to have it delivered from China. Once I got word from Jay that we were moving forward, I was fairly certain that the first part of this deal would translate to roughly $100k in profits, so I placed orders for 10,000 hangtags and 10,000 shoe trees and 10,000 bags. These were what the manufacturers called ‘MOQ’s or ‘Minimum Order Quantities’. And just like that, $20k of the forecasted $100k was gone.
Thursday October 03, 2019
Thursday October 03, 2019
Thursday October 03, 2019
(9/12) One thing you might not know about products and product delivery - it takes a long time to develop a product and it takes an even longer time to have it created and it takes an even longer time to have it delivered from China. Once I got word from Jay that we were moving forward, I was fairly certain that the first part of this deal would translate to roughly $100k in profits, so I placed orders for 10,000 hangtags and 10,000 shoe trees and 10,000 bags. These were what the manufacturers called ‘MOQ’s or ‘Minimum Order Quantities’. And just like that, $20k of the forecasted $100k was gone.