Quote:
Originally Posted by Aquarian Sports Cards
There's a reason they "used to" a
How much did their custom platform and website cost? Shipping costs besides labor? How much does their real-estate cost them, office, warehouse etc...
How many salaries have to be paid out of that. Graphic designers? Shippers? Customer Service? How about the owner?
How many auctions do they run each year four? That's a GROSS profit of $65,000 That's not a business, that's a hobby. Out of that comes ALL the aforementioned expenses before any profit is made.
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Don't forget, after the expenses are deducted from the $65K, you will need to pay both the employers and the employees share of Social Security and Medicare, which is around 15%, plus 15% or more in Federal taxes, plus, some state taxes, which in Wisconsin, could be around 5%.