by truthbetold247 » Sun Jun 28, 2015 6:54 pm
I'm developing a consumer product for KS/IGG & I would like to get an approximate financial overview of the costs & the profit/loss I can expect on my 1st campaign.
Both platforms charge about 4-10% if the project is successfully funded, my tooling cost will be around $15,000 & I'm working with a part-time partner that will be receiving 20% of the net profits. Of course there are a ton of other costs such as fulfillment, shipping, labor, marketing, packaging etc.
I was planning on setting the fixed funding amount to $15-$20,000 to cover the mold costs & a few other costs, absorbing the rest. The product will cost about $3-4.00 each & sell for $15-20.00. Based on all these cost factors, what are your thoughts on the fixed funding amount & how many units needed to sell to be profitable?