Somewhat deviating from DIY, but
Does anyone know what companies like Mackie, Alto, EV etc etc look to profit from their manufacture?
Like a rough ball-park.
I’m guessing it’s less than mid/high end HiFi, but not sure. I hear HiFi is somewhere between 30-60% of manufacturing cost.
So about 20-40%, perhaps?
Thanks
Does anyone know what companies like Mackie, Alto, EV etc etc look to profit from their manufacture?
Like a rough ball-park.
I’m guessing it’s less than mid/high end HiFi, but not sure. I hear HiFi is somewhere between 30-60% of manufacturing cost.
So about 20-40%, perhaps?
Thanks
Hard to tell unless you are their accountant or work at their Bank.
Normally you aim high (say 30-60% as you guess) but that just projection, only after 1 year (minimum) you´ll know with some certainty.
Hopefully you make , say, 20%, real, after discounting taxes and correcting for inflation and that would be above average.
It being a cutthroat competition market, it´s not easy, that´s why so many Companies or Brands disappear even after making an initial splash.
Planning to get into the game?
Fine, but secure your investment/finance source first and have enough backup for up to a year without profit.
Cash-flow does NOT equal profit, by any means.
Normally you aim high (say 30-60% as you guess) but that just projection, only after 1 year (minimum) you´ll know with some certainty.
Hopefully you make , say, 20%, real, after discounting taxes and correcting for inflation and that would be above average.
It being a cutthroat competition market, it´s not easy, that´s why so many Companies or Brands disappear even after making an initial splash.
Planning to get into the game?
Fine, but secure your investment/finance source first and have enough backup for up to a year without profit.
Cash-flow does NOT equal profit, by any means.
Excellent, thanks.
Yes, I was meaning the raw difference between making the unit and retail price.
I would always lean toward building a customer base, rather than making too many compromises, particularly where the reliability of the product is concerned.
My flaw will likely be charging too little (retail price) and aiming at too cheap a market though, so I somehow have to limit that.
I don’t want to be too specific, but appreciate any input.