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Owned by Shelia

Aspiring Youth Entrepreneurs Ages 8-18

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4 contributions to businessXP
What It Really Cost Me to Invent a $30 Toy
A few years ago I invented a plastic toy that makes building Hot Wheels tracks more fun. Occasionally, I get feedback that my TrackJack is too expensive. In fact, the first ever Amazon review I got said it was a clever, useful, and well-made product ... but too expensive — so they gave it 2 stars. The price was $24.99 (currently it's $29.99 and 4.4 ⭐s) Now, you may know that there's not a lot of room between $0 and $25 ... because ... math 😊 Of course I realize that most people are not aware of the costs of bringing a product to market. Some think the inventor pockets the entire selling price. The reality is that we might profit a few dollars per sale if everything goes perfectly well. Here's a list of all the costs to bring my TrackJack from idea to customer. 🟢 PREPARING INVENTORY - Manufacturing (sample, make, assemble) - Packaging (make, ship, assemble) - Barcode Fees - Shipping to Warehouse in USA - Shipping to Warehouse in Canada - Customs Brokerage Fees and Tariffs - Inventory Receiving Fee - Storage Fees (recurring) 🟢 SELLING - Reseller Listing Fee (Amazon, Walmart, Etsy) - Reseller Sales Fee (per order) - Shipping Materials - Order Fulfillment Fee - Shipping to Customer 🟢 BUSINESS OPERATIONS - Refund Risk and Costs - Marketing Costs and Risk - Business Operation Costs - Foreign Exchange Fees - Insurance Costs - Accounting Costs 🟢 INVENTING - Idea & Market Research - 3D Modeling - Prototyping - Testing - Find Manufacturer - Manufacturing Mold (limited lifespan) - Safety Testing - Product Naming - Product Photography - Brand Design (fonts, logos, messaging) - Legal & Trademark - Patent Application - Packaging Sourcing - Packaging Design - Packaging Die 🟢 FOUNDER / INVENTOR - Personal time to manage all of the above - High probability of failure 🟢 PROFIT - If everything goes perfectly well with a product that sells for less than $30, you might make a few dollars per sale. - Then you lose some of that to income taxes.
What It Really Cost Me to Invent a $30 Toy
2 likes • 7d
This was very interesting. Are you also going to breakdown board games & simulations?
Help Me Design a Board Game — Part 11
Part 11 of designing a new board game with live feedback from you — where you can influence the design. An educational board game for learning and teaching personal finance. The first design drafts are in! https://books.playgoventure.com/3/newsletter/274/help-me-design-a-board-game-part-11
Help Me Design a Board Game — Part 11
3 likes • Sep 21
It looks great to me!
Free Book of 78 Print & Play Games
Designed by members of The Game Crafter’s vibrant community. WithĀ 78 gamesĀ from Abducted to Zombomination, there’s something for everyone. Just turn the page to fight zombies, clean up the beach, battle aliens, run your own pizza place, become the most popular kid in school, play some beach vollyball, and so much more. Each game takes up only two pages, which lay flat for easy play. Attached is the free PDF. The printed book can be purchased at The Game Crafter: https://www.thegamecrafter.com/games/tgc-community-anthology PS: I frequently use The Game Crafter to manufacture prototypes of my board games and card games. I can order 1 or 2 games and all related parts to test out.
Free Book of 78 Print & Play Games
1 like • Aug 25
This is great, thank you!
Daily Word Game | Word6
WORD6 is like Wordle but different! You have 6 tries to guess the word (or words) based on the theme of the game. The game resets every day at midnight with a new word. Two games are available. Play Entrepreneur Play Digital Marketing
Daily Word Game | Word6
1 like • Jul 19
Sounds interesting, I will try it out.
1-4 of 4
Shelia Clark
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13points to level up
@shelia-clark-8201
My name is Shelia Clark. I live in Southwest Virginia. I hold a Bachelor's Degree in Political Science & a Master's in Public Administration.

Active 1d ago
Joined Jul 31, 2024
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