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Edited by Sleepy:
5/26/2015 8:36:56 AM
7
Product: Herniated hippo
Type of product: Toy
What is it/what does it do: The Herniated hippo is a children's toy that is shaped like a hippo. It is somewhat of a stress ball for your child that is also safe to chew on if they're teething. It has been tested many times and is approved by the national children's toy safety corporation.
What is the target audience: Middle-class children from the age of 1-8.
[spoiler]Anyone want to invest?
(Doing a full sharktank thing here)[/spoiler]
English
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What are your sales to date? And what are your margins?
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It was selling at about 69 per week last month, now it's up to 100 a week so far this month. It costs from ¢50-$2 to make, depending on the size of the order, the more we order the less it costs per toy. Each toy is sold at $7.50, taking in to consideration how much the stored get per toy sold, I get 3 dollars from each toy.
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Hmmm. I'll make you an offer. 200,000K for 30% of the business, and I get a royalty of 25% off of each you sold for perpetuity.
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It seems i have not come entirely prepared... What is royalty in terms of products/companies?
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[spoiler]It basically means you give me 30% of the profit gained on each item (toy in this instance) [/spoiler]
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It's a deal! Thank you so much. I look forward to working with you in the future.
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Sweet! I mean–erm..yeah. Whatever I guess.
