Hello Everybody,
I was just curious as to find out what would be a reasonable amount of stock to have on hand before opening up shop. Namely shroomies.
Say a person wanted to open a shop but wanted to make sure they did not over or underproduce for demand? Assuming they have really good prices and free giveaways to spread the word.
Any ideas? Would be extremely helpful.
You have to know what kind of money you want to make. You need to look at your product and decide what your prices will be, you need to estimate how much money you will make from each sale (taking into account known losses and leaving some room for unknown losses). Then you need to estimate how much product you need to move in order to reach your goal of money earned, it'd probably be a good idea to have a little extra to cover for those unknown losses and anything else that might come up. Then you'll know how much product you should have available.
There are actually graphs and equations that answer this exact question, but I'm no economist and I assume you aren't either so they probably won't help too much.
Edit: Obviously any giveaways are going to be a monetary loss.