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Thread: Are there any vets or people in the vet indusrty here?

  1. #21

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    ‘Kingly Pet’ – I am really pleased that 'Hyacinth' did a "Phew - this thread worked out for the best...'

    Just some more information for you !

    I am really pleased that you know all of your fixed and variable costs intimately – don’t forget one of your most important so-called costs is also your Net Profit.

    As I said before – knowing your costs is the only way for you to be able to work out a proper/appropriate selling price – either RRP and/or Wholesale. Also, it is important for you to know these costs in order to have control over your business and be proactive and not reactive in the business world.

    A lot of small businesses go bust within 12 months and then a lot more go by the 5 year mark – because of the most common problems - they do not plan at all for the future or know that much about their own business (costs).

    You made a comment – ‘Ummm, it just makes it easier to do costing etc‘ – Please do not mix up the terms that you use. Costing is totally to do with your own unique business.

    When calculating your COGS – don’t forget to bring in transport, packaging and your own time to get the product into a saleable condition.

    Now - Selling price can be looked at what the market will tolerate – with a proviso that you are covering all of your business costs – and that includes your profit margin (Net Profit). Wholesale price must be looked at in the same way.

    Next - Break-Even Analysis - is an excellent management tool and should be used by all small businesses. It is really easy to set up on an Excel Spreadsheet. The beauty of this little calculation is – that you can play around with heaps of different figures and clearly see the different results – even if you have more than one product to sell.

    Now - the new product –Is this new product in any way a competitor to the product that you are selling presently ? If it is/will be then you need to be really careful/brutal/conservative with your figures that you use for the calculations on the following links.

    So some links for you:

    Calculating your break-even point | Queensland Government

    How to Do Breakeven Analysis

    ANZ Small Business - Breakeven Analyser

    Sales Mix Break-even Point Calculation | Formulas | Example

    Just a ‘Mr Google’ search on the difference between RRP and Wholesale Price:

    https://www.google.com.au/search?q=d...w=1280&bih=909

    Good Luck !
    Last edited by RileyJ; 07-03-2013 at 06:48 PM.

  2. #22

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    Quote Originally Posted by Hyacinth View Post
    Phew - this thread worked out for the best...

    not really a vet question at all.

    So anyone can google Kingly Pet and find the product. And KP can update their sig if they want to - via their profile setting.

    Note - I have zero idea if it works or not. But it is somewhat more tangible than those flea repellent? metal disks.
    We ended up having a vet contact us outside the forum and we are discussing a few things with regards to the vet market - including expected margins.

    Thanks for the "Google Kingly Pet" plug!

    We have a 100% money back guarantee on our product, so it is a risk free purchase..........

    Thanks H for all your help! If I can return the favour, please let me know.

    Best,
    KP.
    Feel free to have a look at our canine health supplement site - kingly-pet.com

  3. #23

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    Thanks Riley, this is absolute gold!

    I have saved all the links into a separate tab on my laptop and will take a few hours tomorrow to look through them.

    Again thanks, we really appreciate the time you have taken.

    Best,
    KP
    Feel free to have a look at our canine health supplement site - kingly-pet.com

  4. #24
    Join Date
    Feb 2009
    Location
    Redland Bay, Queensland
    Posts
    1,781

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    I've looked at the product, and it sounds interesting, but what I don't understand is the measurement of the dog weights are in pounds, but the ingredients are listed by milligram weights. As we all live in OZ, wouldn't you list dog weights in Kilograms. I have no idea how many pounds my dogs weigh and I couldn't be fussed trying to find out. As a consumer, I would just look for a product using Kilograms as measurement..

    * just friendly criticism *
    http://www.dogforum.com.au/image.php?type=sigpic&userid=577&dateline=12727082  14

  5. #25

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    Hey Mitte,

    Thanks for the great feedback! These are the type of comments that only help us get better and offer a better service.
    I have changed the weights to include KG.

    Yeah the product is very interesting indeed!

    Again, thanks for the feedback!

    Best,
    KP
    Feel free to have a look at our canine health supplement site - kingly-pet.com

  6. #26

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    'Kingly Pet' - how is it all going ? Still doing all your 'homework' ?

  7. #27

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    Hey Riley,

    Good thanks!
    I have looked over the links you sent and have added them to my list of to-dos. I have some other 'homework' that I need to finish before starting this lot.

    Thanks again for the info though, it looks great!

    KP.
    Feel free to have a look at our canine health supplement site - kingly-pet.com

  8. #28
    Join Date
    Oct 2009
    Location
    Rural NSW
    Posts
    5,967

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    Hi. Had a look. The only thing I can comment on..with all the cons out there in the cancer alternatives and quack treatments out there world , is the statement "Kingly Velvet is our cure all product for humans." is a total red flag for snake oil sellers. A reword may be in order as my reaction would be to run away fast.

    Any posts made under the name of Di_dee1 one can be used by anyone as I do not give a rats.

  9. #29
    Join Date
    Oct 2009
    Location
    Rural NSW
    Posts
    5,967

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    Sashas blend has information re tests done on it re effectiveness.


    I don't see any scientific back up cited for your product on the site?
    I would love to find something that works well for both my dog and myself however anecdotal "evidence/testimonials" just don't do it for me.
    Last edited by Di_dee1; 07-06-2013 at 03:39 PM.

    Any posts made under the name of Di_dee1 one can be used by anyone as I do not give a rats.

  10. #30

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    Quote Originally Posted by Di_dee1 View Post
    Hi. Had a look. The only thing I can comment on..with all the cons out there in the cancer alternatives and quack treatments out there world , is the statement "Kingly Velvet is our cure all product for humans." is a total red flag for snake oil sellers. A reword may be in order as my reaction would be to run away fast.
    Hey Di,

    Thanks for the reply!
    Funny you say this, as I never really wanted to add this statement. I have other parties that play a part in things too.

    I can now remove it with no argument......lol

    Thanks for the feedback, much appreciated!

    KP.
    Feel free to have a look at our canine health supplement site - kingly-pet.com

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