4 ms·
They've sold 1022 items at about 100GBP a pop over the last two years. That's less than $80k USD per year. I'm not sure how much of a factory you can afford wit
by itsybitsycoder 13y ago
They've sold 1022 items at about 100GBP a pop over the last two years. That's less than $80k USD per year. I'm not sure how much of a factory you can afford with that in Bali, or how much profit would be left over. (They claim to be 3 people, so before any overhead, that's less than $26k per person per year.)
I would suggest they are resellers but the amount of customization makes that seem very unlikely.
- acchow 13y ago> That's less than $80k USD per year. I'm not sure how much of a factory you can afford with that in Bali You could also sell through multiple channels (Alibaba, Amazon, eBay, Etsy, etc.) concurrently. Etsy would make up a small fraction compared to, for example, Alibaba.
- itsybitsycoder 13y agoThe majority of Etsy sellers I see sell primarily through Etsy; those who sell elsewhere generally only do so through their own personal sites. Etsy (or at least the mainstream corners of it) is much more "boutique" than Alibaba et al, and sellers can demand much higher prices for the same goods. That's one reason there's such a big problem with resellers: people can simply buy things off Alibaba/Amazon/eBay at regular prices, pretend they are handmade, and sell them on Etsy at a much higher markup. So that's possible, but it doesn't really jibe with my experience as an Etsy user.
- duaneb 13y agoThe majority of etsy sellers couldn't produce the volume to justify expanding, I think.
- acchow 13y agoSee wahsd's reply just next to your's :)
- itsybitsycoder 13y agoLooks like they sell through Etsy, their own site, and a third boutique site that only carries their product. None of the other mass marketplaces.
- wahsd 13y agoI'll just leave this here. Google Search by Image of the shoes. https://www.google.com/search?tbs=sbi:AMhZZitXdXLKEghtM4FeDbB0PnYyVqJnefmNRp04fgAvjcB6ehnC588kYkksShV8OfDqx2yyAxqGo9AKqVmk5NdWgmPKr1rlzm2tko7Pqbz1Ix4nxcWEwEcQhA1P8iXnyHcqvcHyHJTQkDwrtEw2ThpHNgKr8SeCTZQ2fSMDDuozrjb_1R_1CFdmm05Nqkv5PtW2OYr3jUEOinlv2tgnNXVCrrgm-gO89BVDbAh28tYSk8Zkzs-4fGMgpXeOSv7da87aQWB9-J2CsRXvV1f0uHH8UhpzGTiBBGY06sypv98CybsoAeA768_1Ti1DIyEmCAV7CsOURKP8XVOzVGY_1Ef2d4NyUpcTstUGEk53AV7WMKRn6q16sdFe_1HKHREQJs3npBy1YXTXw2qI6e1iOLbBiBrJgK1gHK9aM848PF8Rv3DBiDCMHMdQjtydXVB_1vftxaNiUHn4e5nNw-NSbMrHYOXNUhMm_1RDBaMRm_1znmn1GQCKs6uZKooO3G2iA3P2hDEgMeXUrjv3pgDx3yUT_1cEXZclbJOp8gjV25YxkmC052WeyTU-J76jMjo5kfYiXexE7sVBwXBp5JgnGmWcmYZXRkM3kOyV76HYU8lWkwF5mk5B73Hau6aJnpAYuOnFc42CtNiq2MvI7FKtJrC4N2gk3WEzjops3JqKjSgE_19_1SCl18hXeUZqR9lfhYpUeRXmoX3NZeo4nrX5audtN7o-HV_1aIdCV46mY2BTlRu1lp7tL_1VgUQPW_1HCb94UftP-RKshzUQgaTB00M0MwgchOvReQQoicL1yrFlbyf5fm4HdaG_1WDSITu1XwM-twaBn9Tmcqy12YlUShdKEjZoQyceazYe0ESH5MUo6ukqBFzRH-eW8bTeqCZls1wtyDzZ2CamRSq-vMN1NHBz8br&hl=en&bih=689&biw=1304 https://www.google.com/search?tbs=sbi:AMhZZitXdXLKEghtM4FeDb...
- auctiontheory 13y agoPer capita income in Bali is under $7700, so $26k/person/year is not too shabby. (COGS on shoes are low - the major costs in most apparel retail are marketing and distribution.) And of course, they can spread their already low fixed cost over multiple distribution channels. Source: http://en.wikipedia.org/wiki/List_of_Indonesian_provinces_by_GRP_per_capita http://en.wikipedia.org/wiki/List_of_Indonesian_provinces_by...