# Young Entrepreneurs of YoyoExpert!
**URL:** https://forums.yoyoexpert.com/t/young-entrepreneurs-of-yoyoexpert/56657
**Category:** Unrelated Discussion
**Created:** [July 18, 2013, 10:25am UTC](https://forums.yoyoexpert.com/t/young-entrepreneurs-of-yoyoexpert/56657 "2013-07-18T10:25:15Z")
**Posts on this page:** 20
**Page:** 39
### Author:  [@Snafu](https://forums.yoyoexpert.com/u/Snafu)
#### Post date: [September 20, 2013, 9:33pm UTC](https://forums.yoyoexpert.com/t/young-entrepreneurs-of-yoyoexpert/56657/761 "2013-09-20T21:33:00Z")
> [@TotalArtist](#):
>
> I have the stuff for BC, the paracord and buckles. I’ll snap a photo in a bit and post for you. It will be a cell phone pic. I’ll get the stuff in the mail to him tomorrow.
>
> I figure, if anyone is at a contest wearing the YYE themed bracelet, everyone will know they are a forum member. Then, they can just say, “what’s your name on the forum?” It will be a cool way to identify forum people at contests and stuff. That might be a great marketing angle for him to use. What do you guys think a good price would be for them?
>
> Stay tuned…
Actually that’s an impressive idea also a good way to know when your run into a member on the street, if you are interested in getting them laser engraved I can PM the info ( BC I mean unless you need an laser engraver for your holsters Also TA? )
---
### Author:  [@Bcmaddog](https://forums.yoyoexpert.com/u/Bcmaddog)
#### Post date: [September 20, 2013, 9:36pm UTC](https://forums.yoyoexpert.com/t/young-entrepreneurs-of-yoyoexpert/56657/762 "2013-09-20T21:36:39Z")
> [@TotalArtist](#):
>
> Hmmm…the mad kitty appeared once before, I recall. So tell us, what brings the cat out BC?
It was April fools joke by Jrod. Then, you see… We were playing with legs name.
Leg in a bowl of rice
Leg yoyofactory
Leg in a yoyo
Etc.
And I said, I’m magic, I’ll change my name to Bcmadkitty.
Should I bring out the Lion Penguin or Panda xD
Also, I see what you mean with the braclet thing. Maybe before a contest YYE could sell a few for people going or something.
It needs to be promoted, and also I think André would love one to go with his shirt.
So, a price. It depends. How many feet a braclet, the how much a foot.
Maybe 5 bucks?
I’ll do some research…
---
### Author:  [@Snafu](https://forums.yoyoexpert.com/u/Snafu)
#### Post date: [September 20, 2013, 9:44pm UTC](https://forums.yoyoexpert.com/t/young-entrepreneurs-of-yoyoexpert/56657/763 "2013-09-20T21:44:19Z")
> [@Bcmadkitty](#):
>
> It was April fools joke by Jrod. Then, you see… We were playing with legs name.
>
> Leg in a bowl of rice
> Leg yoyofactory
> Leg in a yoyo
> Etc.
>
> And I said, I’m magic, I’ll change my name to Bcmadkitty.
>
> Should I bring out the Lion Penguin or Panda xD
>
> Also, I see what you mean with the braclet thing. Maybe before a contest YYE could sell a few for people going or something.
>
> It needs to be promoted, and also I think André would love one to go with his shirt.
>
> So, a price. It depends. How many feet a braclet, the how much a foot.
>
> Maybe 5 bucks?
>
> I’ll do some research…
At $5 your profit margin is super slim and generally not enough to share much with yoyoe for their time and trouble.
At $10 there is a little more to go around and might be enough to give yoyoe their cut and replenish materials but not much extra
$12-$15 seems like a low end and high end of the profit (above the. Let to replenish materials and give yoyoe a fair cut) scale but still making money. (That’s based on $2.50-$3 material and (time to make the item) investment cost per bracelet.).
Remember your time isn’t free.
---
### Author:  [@Bcmaddog](https://forums.yoyoexpert.com/u/Bcmaddog)
#### Post date: [September 20, 2013, 9:48pm UTC](https://forums.yoyoexpert.com/t/young-entrepreneurs-of-yoyoexpert/56657/764 "2013-09-20T21:48:49Z")
> [@Snafu](#):
>
> At $5 your profit margin is super slim and generally not enough to share much with yoyoe for their time and trouble.
>
> At $10 there is a little more to go around and might be enough to give yoyoe their cut and replenish materials but not much extra
>
> $12-$15 seems like a low end and high end of the profit (above the. Let to replenish materials and give yoyoe a fair cut) scale but still making money. (That’s based on $2.50-$3 material and (time to make the item) investment cost per bracelet.).
>
> Remember your time isn’t free.
The $5 was just a guess. After I posted (and PMed TA) I kinda rethought it.
Around $10 ish. Maybe higher maybe lower.
We will see.
If it takes me a hour to make each one prices might go up. If I can get each one done in 10 mins prices might go down.
Also if sales are high prices go down.
---
### Author:  [@Snafu](https://forums.yoyoexpert.com/u/Snafu)
#### Post date: [September 20, 2013, 9:52pm UTC](https://forums.yoyoexpert.com/t/young-entrepreneurs-of-yoyoexpert/56657/765 "2013-09-20T21:52:44Z")
Before you adjust pricing make sure you’re able to lock ing material costs and find ways to increase your productivity (jig or enlist others, but if you choose the later make sure you know they can do what you need so there are no quality control issues!).
---
### Author:  [@Totalartist](https://forums.yoyoexpert.com/u/Totalartist)
#### Post date: [September 20, 2013, 9:53pm UTC](https://forums.yoyoexpert.com/t/young-entrepreneurs-of-yoyoexpert/56657/766 "2013-09-20T21:53:50Z")
> [@Legyoyo](#):
>
> I think you should have the YYE bracelets with the forum named engraved on a piece of metal! Then you wouldn’t have to ask! But that’d have to be done over YYE, not sold at the contest. As for the bracelets price, in the ballpark of $15 is what I’d suggest. But whatever you’d like, that’s just my idea 🙂
Hmmm, that would be an interesting idea Legyoyo. I like your price of $15. But, so that BC floods the market with these 😃 perhaps he should drop it down to $12 shipped. If he can take this $25 I spent, and make 20 bracelets, selling at $12 shipped, he will rake in $240. If he spends $2.50 to ship each bracelet, that is about $50 total shipping cost. Then, he may be dealing with Paypal fees of about 3.5%. So fees is about $8.40. So if we take the $240, subtract his $50 shipping costs, and fees (a total of $58.40). So that leaves him about $181.60. If I was his mom, I’d take $10 for gas to get to the post office. 😃 Seriously, I would. 😛 But, I think he’s off the hook on that expense. One bracelet is for T.A. for free, so minus $12 again for that cost. $181.60 minus $12 gives me $169.60. So, BC stands to make about that much. He should subtract $30 to reinvest in his business by buying more paracord and buckles. That leaves him $139.60 for his efforts.
BC is the boss on the pricing, but I think $12 shipped is a great price point. He’s just starting out, so he has to make the price right, but also cover his expenses, and make it worth his while. He wants a lot of people wearing these bracelets at contests.
Now, in real life, BC would have invested that initial $25 and he would have to also deduct that as a cost, and he would only profit $139.60 minus $25…profit of $114.60. BC will never profit this much again. But, this gives him a push start haha.
Hypothetical #7
Here’s a math problem for someone to figure out. If BC makes 20 bracelets, and it takes him 20 minutes to make each bracelet, how long does it take BC to get all the bracelets done? After you figure that out, if BC profits $169.60, how much per hour does he make for crafting bracelets? We don’t know how long it will take BC to do one yet, but there’s another hypothetical for you. Also…do me a favor and check my math above. 😃 Yeah right huh… 😛
---
### Author:  [@Bcmaddog](https://forums.yoyoexpert.com/u/Bcmaddog)
#### Post date: [September 20, 2013, 9:56pm UTC](https://forums.yoyoexpert.com/t/young-entrepreneurs-of-yoyoexpert/56657/767 "2013-09-20T21:56:44Z")
> [@TotalArtist](#):
>
> Hmmm, that would be an interesting idea Legyoyo. I like your price of $15. But, so that BC floods the market with these 😃 perhaps he should drop it down to $12 shipped. If he can take this $25 I spent, and make 20 bracelets, selling at $12 shipped, he will rake in $240. If he spends $2.50 to ship each bracelet, that is about $50 total shipping cost. Then, he may be dealing with Paypal fees of about 3.5%. So fees is about $8.40. So if we take the $240, subtract his $50 shipping costs, and fees (a total of $58.40). So that leaves him about $181.60. If I was his mom, I’d take $10 for gas to get to the post office. 😃 Seriously, I would. 😛 But, I think he’s off the hook on that expense. One bracelet is for T.A. for free, so minus $12 again for that cost. $181.60 minus $12 gives me $169.60. So, BC stands to make about that much. He should subtract $30 to reinvest in his business by buying more paracord and buckles. That leaves him $139.60 for his efforts.
>
> BC is the boss on the pricing, but I think $12 shipped is a great price point. He’s just starting out, so he has to make the price right, but also cover his expenses, and make it worth his while. He wants a lot of people wearing these bracelets at contests.
>
> Now, in real life, BC would have invested that initial $25 and he would have to also deduct that as a cost, and he would only profit $139.60 minus $25…profit of $114.60. BC will never profit this much again. But, this gives him a push start haha.
>
> Hypothetical #7
>
> Here’s a math problem for someone to figure out. If BC makes 20 bracelets, and it takes him 20 minutes to make each bracelet, how long does it take BC to get all the bracelets done? After you figure that out, if BC profits $169.60, how much per hour does he make for crafting bracelets? We don’t know how long it will take BC to do one yet, but there’s another hypothetical for you. Also…do me a favor and check my math above. 😃 Yeah right huh… 😛
Im not answering 😛
But yesh, $12 for a start is fine. Plus, I need a shipping fee. Usually no more than 3.00 plus tracking…
---
### Author:  [@Totalartist](https://forums.yoyoexpert.com/u/Totalartist)
#### Post date: [September 20, 2013, 9:57pm UTC](https://forums.yoyoexpert.com/t/young-entrepreneurs-of-yoyoexpert/56657/768 "2013-09-20T21:57:26Z")
I took a legit photo. It fits in a small priority size box (that’s what it came in), so it’s not a lot of stuff. BC make sure your parents know what you’re up to crafting bracelets, and that they approve. I can get the stuff in the mail tomorrow. I know Legyoyo told his folks about his holster business and the projects he is working on (the contest and so on).
---
### Author:  [@Totalartist](https://forums.yoyoexpert.com/u/Totalartist)
#### Post date: [September 20, 2013, 9:58pm UTC](https://forums.yoyoexpert.com/t/young-entrepreneurs-of-yoyoexpert/56657/769 "2013-09-20T21:58:49Z")
> [@Bcmadkitty](#):
>
> Im not answering 😛
>
> But yesh, $12 for a start is fine. Plus, I need a shipping fee. Usually no more than 3.00 plus tracking…
$12 includes shipping. Read that top part of that long post, because it has some business numbers outlined for you to review. Give them some thought, but the final decision is yours.
---
### Author:  [@Bcmaddog](https://forums.yoyoexpert.com/u/Bcmaddog)
#### Post date: [September 20, 2013, 10:00pm UTC](https://forums.yoyoexpert.com/t/young-entrepreneurs-of-yoyoexpert/56657/770 "2013-09-20T22:00:29Z")
> [@TotalArtist](#):
>
> I took a legit photo. It fits in a small priority size box (that’s what it came in), so it’s not a lot of stuff. BC make sure your parents know what you’re up to crafting bracelets, and that they approve. I can get the stuff in the mail tomorrow. I know Legyoyo told his folks about his holster business and the projects he is working on (the contest and so on).
>
> [http://i1149.photobucket.com/albums/o592/totalartist/IMG\_6470\_zpsdcab2436.jpg](http://i1149.photobucket.com/albums/o592/totalartist/IMG_6470_zpsdcab2436.jpg)
My partners approve of any entrepreneurship. Especially my dad. He is big into it. He has invested in some old String business…
But I’ll mention it to them. They always say who is TA? I say, the person who ran the contest, and they are Okay :).
They think your contest was amazing and were proud of me winning…’
I hope they turn out nice :).
Also, did you get the buckles separately? Or from the same website or whatever?
---
### Author:  [@Bcmaddog](https://forums.yoyoexpert.com/u/Bcmaddog)
#### Post date: [September 20, 2013, 10:02pm UTC](https://forums.yoyoexpert.com/t/young-entrepreneurs-of-yoyoexpert/56657/771 "2013-09-20T22:02:43Z")
She doesn’t like to give out her Paypal, so I send a message to the buyer asking for theirs so I can send a bill of the $$
---
### Author:  [@abby1371](https://forums.yoyoexpert.com/u/abby1371)
#### Post date: [September 20, 2013, 10:03pm UTC](https://forums.yoyoexpert.com/t/young-entrepreneurs-of-yoyoexpert/56657/772 "2013-09-20T22:03:13Z")
> [@TotalArtist](#):
>
> Hmmm, that would be an interesting idea Legyoyo. I like your price of $15. But, so that BC floods the market with these 😃 perhaps he should drop it down to $12 shipped. If he can take this $25 I spent, and make 20 bracelets, selling at $12 shipped, he will rake in $240. If he spends $2.50 to ship each bracelet, that is about $50 total shipping cost. Then, he may be dealing with Paypal fees of about 3.5%. So fees is about $8.40. So if we take the $240, subtract his $50 shipping costs, and fees (a total of $58.40). So that leaves him about $181.60. If I was his mom, I’d take $10 for gas to get to the post office. 😃 Seriously, I would. 😛 But, I think he’s off the hook on that expense. One bracelet is for T.A. for free, so minus $12 again for that cost. $181.60 minus $12 gives me $169.60. So, BC stands to make about that much. He should subtract $30 to reinvest in his business by buying more paracord and buckles. That leaves him $139.60 for his efforts.
>
> BC is the boss on the pricing, but I think $12 shipped is a great price point. He’s just starting out, so he has to make the price right, but also cover his expenses, and make it worth his while. He wants a lot of people wearing these bracelets at contests.
>
> Now, in real life, BC would have invested that initial $25 and he would have to also deduct that as a cost, and he would only profit $139.60 minus $25…profit of $114.60. BC will never profit this much again. But, this gives him a push start haha.
>
> Hypothetical #7
>
> Here’s a math problem for someone to figure out. If BC makes 20 bracelets, and it takes him 20 minutes to make each bracelet, how long does it take BC to get all the bracelets done? After you figure that out, if BC profits $169.60, how much per hour does he make for crafting bracelets? We don’t know how long it will take BC to do one yet, but there’s another hypothetical for you. Also…do me a favor and check my math above. 😃 Yeah right huh… 😛
great math… im never good at this especially algebra oh well it was good while it lasted. oh and TA i can make metal strips with imprints on them like metal from soda cans with pressed on if you need help with metal working. i also make awesome wire people that yoyoers can tell each others by from size or colors.
---
### Author:  [@Bcmaddog](https://forums.yoyoexpert.com/u/Bcmaddog)
#### Post date: [September 20, 2013, 10:05pm UTC](https://forums.yoyoexpert.com/t/young-entrepreneurs-of-yoyoexpert/56657/773 "2013-09-20T22:05:24Z")
TA check your PM’s. And don’t tell…
---
### Author:  [@Totalartist](https://forums.yoyoexpert.com/u/Totalartist)
#### Post date: [September 20, 2013, 10:08pm UTC](https://forums.yoyoexpert.com/t/young-entrepreneurs-of-yoyoexpert/56657/774 "2013-09-20T22:08:50Z")
> [@Bcmadkitty](#):
>
> TA check your PM’s. And don’t tell…
I see, you have this all worked out. A true businessman. Great work BC.
---
### Author:  [@Bcmaddog](https://forums.yoyoexpert.com/u/Bcmaddog)
#### Post date: [September 20, 2013, 10:09pm UTC](https://forums.yoyoexpert.com/t/young-entrepreneurs-of-yoyoexpert/56657/775 "2013-09-20T22:09:57Z")
> [@TotalArtist](#):
>
> I see, you have this all worked out. A true businessman. Great work BC.
Thanks! Now I can take a break, wait, and yoyo…
---
### Author:  [@Totalartist](https://forums.yoyoexpert.com/u/Totalartist)
#### Post date: [September 20, 2013, 10:12pm UTC](https://forums.yoyoexpert.com/t/young-entrepreneurs-of-yoyoexpert/56657/776 "2013-09-20T22:12:52Z")
> [@Bcmadkitty](#):
>
> My partners approve of any entrepreneurship. Especially my dad. He is big into it. He has invested in some old String business…
>
> But I’ll mention it to them. They always say who is TA? I say, the person who ran the contest, and they are Okay :).
> They think your contest was amazing and were proud of me winning…’
>
> I hope they turn out nice :).
>
> Also, did you get the buckles separately? Or from the same website or whatever?
The buckles were separate. I tested one out, and they are rather sturdy too, so I’m happy with the stuff overall. I’ll have to get your opinion when you take a look. I never unraveled the paracord to measure it, but it’s supposed to be 50’ of white, 50’ of red, and 50’ of black…20’ of that camouflage stuff. :-\
---
### Author:  [@Totalartist](https://forums.yoyoexpert.com/u/Totalartist)
#### Post date: [September 20, 2013, 10:15pm UTC](https://forums.yoyoexpert.com/t/young-entrepreneurs-of-yoyoexpert/56657/777 "2013-09-20T22:15:02Z")
> [@abby1371](#):
>
> great math… im never good at this especially algebra oh well it was good while it lasted. oh and TA i can make metal strips with imprints on them like metal from soda cans with pressed on if you need help with metal working. i also make awesome wire people that yoyoers can tell each others by from size or colors.
Let’s see some of this metal work you speak of. 8) Also, in what way will yo-yoers use the wire people? Will they be made to clip onto things?
---
### Author:  [@Bcmaddog](https://forums.yoyoexpert.com/u/Bcmaddog)
#### Post date: [September 20, 2013, 10:29pm UTC](https://forums.yoyoexpert.com/t/young-entrepreneurs-of-yoyoexpert/56657/778 "2013-09-20T22:29:52Z")
> [@TotalArtist](#):
>
> The buckles were separate. I tested one out, and they are rather sturdy too, so I’m happy with the stuff overall. I’ll have to get your opinion when you take a look. I never unraveled the paracord to measure it, but it’s supposed to be 50’ of white, 50’ of red, and 50’ of black…20’ of that camouflage stuff. :-\
The only thing in worried about is a big wrist vs a small one.
It probably shouldn’t matter tho. I mean, I doubt your wrist is a TON bigger than mine.
A little bigger than my wrist to fit those with bigger wrists.
---
### Author:  [@abby1371](https://forums.yoyoexpert.com/u/abby1371)
#### Post date: [September 20, 2013, 10:35pm UTC](https://forums.yoyoexpert.com/t/young-entrepreneurs-of-yoyoexpert/56657/779 "2013-09-20T22:35:23Z")
> [@TotalArtist](#):
>
> Let’s see some of this metal work you speak of. 8) Also, in what way will yo-yoers use the wire people? Will they be made to clip onto things?
yeah the only real metal work i have done is mess around with soda cans and put patterns on them not a lot but i do know how to soder (thats used for electrical work like making a computer and its basically lead that you can heat up and draw on) I know how to soder from my dad he builds computers and stuff in is spare time. Oh and the wire people i make i can make in to clips, pins, keychains almost anything.
---
### Author:  [@Snafu](https://forums.yoyoexpert.com/u/Snafu)
#### Post date: [September 20, 2013, 10:37pm UTC](https://forums.yoyoexpert.com/t/young-entrepreneurs-of-yoyoexpert/56657/780 "2013-09-20T22:37:09Z")
> [@TotalArtist](#):
>
> Let’s see some of this metal work you speak of. 8) Also, in what way will yo-yoers use the wire people? Will they be made to clip onto things?
i can see the wire people being incorporated into leg’s holsters if my idea is working right 🙂 it would look super awesome and would be another collab that might work, granted i’ve just made this idea up as i’m posting this. lol so havent talked to either about this idea.
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