Running Your Business

What should I sell them for?

You will get a price list emailed to you, if you have just joined please check your spam if you cannot see it

What if a customer says its cheaper online?

It isn’t. Online they pay delivery with you they don’t. Plus you get free delivery over a £100 order.

Profit Margins

Each sale will give you a profit. To calculate exactly use the following formula (Selling Price – Purchase Price) or Markup as we call it.

Divided by Selling Price X 100.

So for a Tin,

Selling Price – Purchase price = Y.

Y Divided by Selling Price x 100 = Profit or as a percentage of your selling price.

Promotional Support

Its quite easy for us to produce business cards and supporting material this is charged at cost and comes from Vista Print. If you want images you are welcome to ‘rob’ them off our facebook page or website, we can also personalise them for you with your name and contact number if you wish.

Public Liability Insurance/ Stock Insurance

It is not conditional to becoming a reseller but we advise you to do so. It is your responsibility to be a responsible individual when dealing with the public. As such we have a tailored solution to those working from home. If you wish to get a quote ‘Liability First’ are aware of our company and can assist further, they can be contacted here

https://www.liability1st.co.uk/Quote.aspx

Disclaimer – Matty’s do not receive any commission from Liability First . Matty’s are not regulated by the Financial Conduct Authority. Matty’s do not recommend any particular Insurance Company.

Q: Why do I need public liability insurance?

A: Because accidents happen and it is very easy for a claimant to sue you. Moreover, as a self-employed person you could potentially lose everything (including your home) if you cause an accident such as a serious injury as a result of your negligence.

Q: Can you cover me in Republic of Ireland

A: NI only

Invoices

What is an invoice? This is a record of your purchase which is in an acceptable format for the tax man. It shows our address and yours and proves you have incurred a cost in making the purchase. These will be sent to you automatically when you place and then pay for your order with us. We suggest you buy a lever arch file, print these off and keep them in date order.

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