September 22nd, 2013, 05:16 PM
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#1 (permalink)
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Junior Member
- Join Date:
- Sep 2013
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Forecasting Sales
Hello Everyone,
My wife and I are considering starting an embroidery business.
As part of determining whether or not the business is there to support the purchase of an embroidery machine and for our business plan, we have to forecast sales. We are not sure what to expect for sales for a new embroidery business in our area.
We live in what would be considered a rural area, but there are several communities within 35-40 miles of each other with a variety of businesses, organizations, schools, etc. that would buy embroidered items.
There are some established embroidery businesses, but a person I recently spoke with, who was selling primarily embroidered clothing in the area up until recently, thinks there is room for another embroidery business.
What has been your experience with number of items sold per week, per month, per year? I would be doing the sales, and while I do work another job, I would have afternoons, evenings, and weekends to knock on doors, make phone calls, send emails, etc.
Thanks!
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