11d • General discussion
Why Starting a B&B Business is a Great Idea!
When you start a new home business, Do you know if you want to be a manufacturer, a wholesaler or a retailer? Who makes the most profit after all expenses? Here’s what experience has taught us!
Most people start home businesses the hardest way possible — and that’s why they fail.
I’m Tim, and with my wife, Anita, we’ve built and maintained businesses for over a combined 50 years, and now as we retire, we’re going to give you our knowledge and experience so you can start your own profitable business. The ONLY think we ask of you is to join in on our discussions so everyone will benefit from everyone’s knowledge and you can be on your way to making a great home business like we had, sometimes making over $30K dollars a month!
Now Let’s compare profit margins:
Manufacturers: They typically have moderate net profit margins (5-20%). High initial investment in equipment and R&D can limit net profits. They produce goods, incurring costs for raw materials, labor, equipment, and facilities. They sell to wholesalers or retailers at a markup. Profit margins vary widely by industry (e.g., 5-20%).
Wholesalers: They typically often have the lowest net margins (2-10%) since they compete on price and rely on high sales volume. They buy goods in bulk from manufacturers and sell them to retailers or other businesses, often at lower margins (2-10%) due to high volume and lower per-unit overhead.
Retailers: They Sell directly to consumers, often at the highest markup per unit. They can achieve high gross margins (20-50%), however, net margins are often lower (3-10%) due to high overhead costs like storefronts, personnel costs and advertising.
Who Makes the Most Money?
In General...Retailers often have the highest *per-unit profit margins* due to direct consumer sales, but manufacturers tend to generate the highest net total profits in industries where they control branding, innovation, or scale. Wholesalers typically earn the least.
So...What business makes the most money? My Answer?… The person that does all three! They manufacture their products, they wholesale to stores and they also retail their products online and at craft fairs, etc. That’s where you can make overall profits from 50-80% on your products!
Starting a bath & body business at home is a great way to start a business, slowly expand and enjoy profits right away! No overhead, no traveling to work, no utility bills, no employee expenses, no rent to pay, etc.
Want a great example? Lets look at a product we are all familiar with: My Pillow: at its peak, they made $280M a year by manufacturing pillows, wholesaling to stores, and selling directly online and expanding their products.
- This is one example how you can become known also. By taking a regular household product, like a lotion, and making it BETTER or DIFFERENT, you also can create a nitch that can take off on its own.
Your probably not going to make millions of dollars on your own like this (but it’s entirely possible), but it can give you lots of extra income, even thousands a month! You can do the same by copying what we did with Home and Body items like bath bombs, lotions, coffees, teas, specialty sugars & salts, candles, lip balms and many other products you can either make or package at home, earning 50-80% profits! We made thousands monthly this way, manufacturing and packaging our own products, wholesaling to stores and selling retail online.
As we are retired now, and are winding down our business, we started Main Street Digital Academy to share our knowledge and teach you how to start a great business at home. We are starting this channel to help you start your own business, guide you in how to do it, give you the pitfalls and the highlights, give you the know-how for many different products to make and sell with substantial profits. There are so many possibilities, you really can’t go wrong!
But you may ask, “How do I do this?” That’s what we are going to show you and what we have done for many years making thousands of dollars a month, mostly part-time! You are going to invest in yourself, with your time, by learning! We are going to teach you everything you need to start a great home business!
We are going to be making many, many videos for different products, how to start up your business, ways to sell, how to guide your business, what you need for your business and what to do next. Hope you join us and become a successful business like we did!
Bye for now and have a great day!
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Why Starting a B&B Business is a Great Idea!
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