Posts Tagged ‘tara gentile’

the art of making money beautifully

February 14, 2012

i purchased tara gentile’s the art of earning e-book today.  since i’ve become homeless by choice, with my entire life packed into my car, traveling from one place to another a-calling on friends, i’ve started to do some hard thinking about how much simplicity should be mandatory in a person’s life for them to be able to own their own small business.  how much i need to pare down to be able to work doing what i love.  i have had an etsy shop since 2007, selling on average 1.5 items per month, which isn’t bad for someone just dabbling.  i’ve always thought of money as tara quotes kelly diels:

I’m not terribly motivated by money. Shiny things, yes. Money, no. When I have enough, when the survival mark is made, I lose interest in making any more.

but i’ve repeatedly considered what it would take to be able to support myself.  the numbers are staggering when considered.  for me to pay my 2 bills, allow myself 1 tank of gas per week, $50 per week for food and incidentals, $30/month for dog food- in other words, the bare minimum- i would need $500.  i can’t be homeless forever, so add onto that the exceptional price of $300/month for a magical all utilities paid apartment, and you have a bare minimum needed of $800/month.  with an average of thirty days per month, i would need to make $26.70/day.  if i could sell one hat per day at that price plus shipping, it could work out- provided i could make it to the post office with the gas on my allowance.  but that’s just the bare minimum.  what if i got sick and needed to go to the doctor, or my tire blew on my car?  i would have no buffer.  so if i added $200 in savings to that a month, that would make it $1000/month for all of my expenses.  that brings the total up to $33.30/day.  i can knit one hat a day if i spend four or five solid hours knitting.  but would i be able to physically knit every day for five hours?  what if no one bought hats in a month?  what if five hours wasn’t enough to make a hat that i could sell for $33.30 plus shipping?

this is just to point out that my current hat-selling business is going to have to change, i’m afraid.  haberdashery just ain’t what it used to be.  i’m an obsessive knitter, though, so rest assured there will still be a few tams available for sale at all times.

this is why i turned to tara, and i am hoping that her e-book helps me formulate an idea for a profitable business.  i have a few ideas and i’m looking forward to exploring them.  and i’m looking forward to getting settled somewhere again where i can set my plans into motion.  i’ll let you know how it goes.

Advertisements