Dan-o wrote in post #11938005
Vince, how many more sales do you think you will get to justify the cost of the printers and the employees you will need to run them?
I've got tournaments lined up that will have upwards of 800 kids. None of my tournaments have less than 500 as of now. So depending on the tournaments my individual tournament costs (photogs, techs, paper, ribbons etc.) could be covered anywhere from as low as $700 in sales. The bigger tournament the more the money obviously. The larger equipment will pay itself off in time, but that cost will initially be absorbed by my overall business.
On another note, I'm going to buy the printers anyways for portraits, T&Is, etc. Currently, I use Mpix Pro and they charge me 1.99 for an 8x10, $1.09 for 5x7s, and $.69 for 4x6s. Comparatively, cost per print with my own printers will be around .15 for 4x6s, .20 for 5x7s, and less than .50 for 8x10s. So if I keep my current pricing, I will already be making between .40 and $1.50 more per print. I probably won't even offer 4x6s, but that's not the point. Considering I print upwards of 200 prints a weekend during a tournament (according to my website), .40 is a signigicant amount of money.
Important note also, I am not spending a penny that I do not have. No debt. No credit. I am letting the business grow at its own rate by using cash.