Friday, January 16, 2009
Kylie Richards BPW
Hello! I am a jewelry designer. I work from 9 a.m - 4 p.m but I do not work on Sundays and I only work the first Saturday of the month. I just opened so I don't have as many consumers as I would eventually like to have. If you want to purchase something and you give me the criteria that you want then I'll see if I have what you want. I am sorry if I don't have your first choice so you mite want to come in with an opportunity cost. My store has goods in it. I do not have a scarce right now I have a surplus. I should have most of what your wants are in the store but if I don't I will order them and get them in and take off some of the price. My demand is kind of low but I have only had some customers. They all needed the items by the end of the week and the trade-off was that I'd mail the jewelery to the customer but they had to pay shipping and handling. Just like any business I try to make a profit. When I first started out I had a budget of about roughly $1,000 and spent almost all of it trying to get my business up and running. I'm interdependent because it's just me. I would like any person who likes jewelery to be able to come and at least look in my store. I don't really have competition because I thought about where I wouldn't have much so that I would have more consumers. I think people would need my product because if they go to some special event with family members. I am going to make a profit by by selling the product and the cos will be a little more then what it had cost to produce it. I have a monopoly business because I'm the only jewelery seller in the town. My incentives are that if you buy any items all together over $200 than i will give an item of your choice. That was my business plan!
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