I became friends with this lady who owns a push-cart at Cathey because I have been buying earrings from her :P
She told me that the rent for her push cart is $2000 per month; meaning, she is already making a lose of $70 in terms of rent when she starts business each day. However, she said that she is still able to make profits because her cost price is quite low.
I made a rough calculation. She has to make a profit of $70 per day just to cover her rent. Add in additional costs like labour hours, opportunity cost, etc, maybe she must earn a profit of $200 per day. From the stuff she is selling, that averages to about 10 pairs of earrings or 8 to 10 bracelets or 15 to 20 bags....
She gets her stuff - raw materials for the earrings, bracelets etc and bags mainly from Bangkok, some from Shenzhen and Guangzhou. She flies to Bangkok bi-monthly to stock up and she only incur cost for air ticket because she has relative in Bangkok and hence can save cost for accomodation.
Maybe if I really do quit, this is a good venture?? Haha....it's not a crime to dream right? :D
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