Make a copy to get your own copy). Please note: I’m running this business out of Germany and tax calculations may be different to your country. Update tax rates to match your country. If I sell my backpacks for $99.99 with a 30% 79 to break even (or 44 if selling without a discount). Not bad. I picked $99.99 for the retail price because I can. I’m the one who sets the price and I’d rather start with a slightly premium price. I could still lower the price later. As $99.99 didn’t sound too expensive
for a custom/hand painted backpack, I moved on. Even though I was confident those numbers could work, I was anxious that I’d burn more than $2,000. But I placed my order at Alibaba anyway. Screenshot showing orders for backpacks Telemarketing list To get away from those bad thoughts, I kept myself busy with setting a very concrete goal for my new business. SETTING A BUSINESS GOAL A few years ago, when I started my entrepreneurial journey, I jumped from one goal to another. I had 20-30 goals at once.
Unfortunately, I didn’t achieve any of them. Now, with some experience, it’s more obvious to me why I had no chance at all back then. I was too distracted and didn’t focus on anything. Maybe it’s just me, but I only achieve my goals if I set them very clearly. In the best case, one goal at a time. When Sumo doubled blog traffic from 100,000 to 200,000 website visitors in one month, they only had one goal - blog traffic. With that said, I needed a specific goal for my new business.