Store profits

Guest · Post by **Guest** » 09.10.2009, 10:22

Could any jewelery sellers tell me what they think is a reasonable profit per m2 per day ?

Guest · Post by **Guest** » 09.10.2009, 10:30

Realm 1.

50 to 90c per m2 per day is normal for me. If it drops bellow that it can really hurt. (I pay my Diamond Ring suppliers well as Jewelry is a side business for me. That may play into my calculations a bit, just to let you know.)

Guest · Post by **Guest** » 09.10.2009, 10:57

Cheers for that Azer.

Now, it's easy to work out store profit when you buy in the finished article to sell in your store, but how would you calculate store profit when you buy in the raw materials and produce the finished article yourself ? as the profit now has to be divided between store and production.

Guest · Post by **Guest** » 09.10.2009, 11:01

I would keep both production and retail values seperate. (Production value = Market value; Retail value = Retail price - Market value) That way if you want to move away from production or retail down the road you know your profits.

Guest · Post by **Guest** » 09.10.2009, 11:11

Thanks.
Thats just the answer I was looking for.

Guest · Post by **Guest** » 09.10.2009, 11:23

podge wrote:Could any jewelery sellers tell me what they think is a reasonable profit per m2 per day ?

Approximate daily profit per 1000m of shop in Realm 2 Germany:

gas -------------- 900k
wardrobes ------ 970k
jewelry --------- 500k to 2M depending on NPC demand

Jewelry profit has been cut by about 35% with the increase in the cost of power from 0.10 to 0.15. If power goes higher, jewelry will be further marginalized. Don't specialize in jewelry!

Guest · Post by **Guest** » 09.10.2009, 11:32

Thanks for the input Straw man.

I stopped producing gold last week because of the high price of power. However I have gold supliers who keep my necklace production going. How long it will last though I don't know.

Guest · Post by **Guest** » 11.10.2009, 03:14

Yer, having a large proportion in jewerly can hurt, its costing me 10m every day for each cent above 0.1! Its why im in 2 industires at once, keeps things even.
Thankfully I still have reserves to last another week so fingers crosed it settles by that time or im in for a rather large dip in profits

At least the avg prices are creeping up to 12k again.
H

Guest · Post by **Guest** » 23.10.2009, 06:57

Hijacking thread.

Is it possible to greatly affect the average price of products sold in shops? I just found out my spreadsheet was incorrect and I have been selling a product for 2/3s of the production cost for a whole week (and they still complain it's too expensive)! Other sales covered the loss so I didn't notice.

Guest · Post by **Guest** » 23.10.2009, 08:41

Andro wrote:Hijacking thread.

Is it possible to greatly affect the average price of products sold in shops? I just found out my spreadsheet was incorrect and I have been selling a product for 2/3s of the production cost for a whole week (and they still complain it's too expensive)! Other sales covered the loss so I didn't notice.

Yes.

Guest · Post by **Guest** » 23.10.2009, 09:31

Hi again

In short, yes

Long version: You can do it but you have to be in the right industry (wardrobes/gas forget it untill you have couple hundred k of sales space) and have to capable of waiting on your stores without their profits for a week or so before visting. If you dont check your stores the server ignores their sales so you have no impact but once you check them the full amount they sold will push prices around. I do it quite regualy with watches and TVs after a week or so I can push prices up a 1k or more on watches.

If you need a spreadsheet I can supply, I just finnished up my conclusive Golden Watches spread sheet. It will figgure out profits, turnover, gold requirements, excess watch values and the best store prices for your items, It will also project sales times at different price fairly well

H

Guest · Post by **Guest** » 23.10.2009, 15:15

Thanks for the info. I am unable to wait that long for my cash as I have a very young business. But it's nice to know I can acctually do something about it.

Guest · Post by **Guest** » 23.10.2009, 15:35

Horizon wrote
"If you need a spreadsheet I can supply, I just finnished up my conclusive Golden Watches spread sheet. It will figgure out profits, turnover, gold requirements, excess watch values and the best store prices for your items, It will also project sales times at different price fairly well "

I for one would love to see that spreadsheet

pk

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