/diy/ - Do It Yourself

>>1534312
>You may as well start injection moulding the parts at this point
I don't have tens of thousands of open orders. Nor do I have a small business loan that would be able to pay for $40k in mold machining.

And say I did. Now I need a warehouse to store all the part shipments and a ton of employees I also don't have money for. Financial risk is a staircase that you walk up slowly and carefully. I'm not even really interested in growing my business any faster than I already have.

Even the large company that I licensed the design to is going to be producing them via printing. Because they don't want to take such a huge financial risk on a market segment they don't know the long-term demand of. My sales volume has been quadruple what I anticipated when I made the first dozen or so. But even then it's not like I'm swimming in a vault full of cash yet.

>>1527238
>>What do you make?
Nerfs
>>What sells the best?
Nerf accessories
>>Where do you sell?
Etsy
>>Do you make a living or just supplement income?
I didn't anticipate it going so well. It's now over 50% of my personal yearly income. I look forward to be raped by state taxes soon.
>>Tips for newfags?
Keep all your expenses on a single credit card or account to make Schedule-C reporting easier, and hiring an accountant is more than worth the time savings.

And it takes spending money to make money. You will find yourself weighing the cost of any investment against the potential return on same based on what you can estimate or discern is the potential demand for it. And that's where the capacity to spend money is vital.

You also invariably will get fucked over many times by various suppliers. So always whenever possible have alternatives or backups available for those situations.

There are no easy dollars. You will always have to work and will always have to be willing to put in the time and energy required to sustain your business.

And the customer is always opinionated (and fickle).