This week the $100 challenge is doing great. I’ve struggled
to manage enough time to work on the project with my assignments. As I write
this at 6:41PM on a Sunday Night I have struggled to complete my assignments on
time. Working to 11PM every night isn’t good enough. I’ll need to somehow work
more hours to get all my work done, I’m planning for 16 hour days during the
week and I’ll have to extend that to the weekend. That would put me at 8 hours
at work and 8 hours after work for school. Coupled with more time I’ll need to
manage my time better. I’ll need to get right into the business of my
assignments and not waste time. Another big problems is paying attention to
deadlines. For the second time in this class I missed a discussion post that
was incorrectly marked as due on the following Monday but should have been
completed on this weeks Tuesday, and then allow for three days of follow up
posts. I had to give up time on Saturday, time I had set aside to work on my
business to complete a trivial assignment that should have been completed on
Tuesday. On Saturday I was still able to list a few more bowls on the site and
do a little a little sharing on facebook.
Tim’s
Wood Bowls now has six bowls listed, it wasn’t the 10 bowls I had hoped,
but I’ve set aside a few bowls for a few interested customers. If these sales
go through I could likely generate a hundred dollars in profit this week, but
it remains to be seen. I’m slightly discouraged about the etsy site, because of
all the fees involved for listing and selling. Also shipping has been a pain.
After taking a look at shipping, it seems that their shipping rates are aren’t
working correct. Most of the shipping prices are overpriced, and even with the
overcharging, the shipping prices were still inaccurate. For example the first
bowl charged $5.54 on etsy but the actual cost was $6.80. I could add more to
shipping but that would just lead to overpriced shipping problem. My brother
who lives in Arizona came to visit over the weekend pointed out that it would
cost over $15 to ship a $15 bowl to his address. This would end up discouraging
customers to buy our bowls, when they were expecting to pay around $15 for a
bowl but were charged twice that. We came to the conclusion that the prices
were over the top for shipping, so we decided to change our strategy. Instead
of charging for the bowl and shipping we would offer free shipping, allowing
for the price displayed on the first page of the site to be the final price.
This works out for us because we have a large supply of wood for the bowls so
really the only expense is the shipping and whatever fees are charged by Etsy
for listing and selling the bowl. In the end this should work out fine if we
can keep the shipping price down and it will help give the customer an honest,
square price.
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