Unit 8 Discussion Board
Describe the business and discuss the following:
I actually started my own small lash business called Kiss My
Lash by Chelle. I sold a lash strips.
What different types of costs would you have?
The different cost were for supplies, such as lashes,
lash curlers, eyeliner, glue, makeup bags, bags &
boxes to ship products to customers, packaging to
hold products, displays, cameras, backdrops for
What competition might you experience?
My competition came from other lash
and a few freelance makeup artist that sold lashes
on the side.
How would you determine the price at which you would
sell your product?
My price was determined by a formula I came up
with. Profit = selling price - cost of product - I always
tried to keep my prices in between everyone that I
was in competition with as well.
How much product would you produce? How did you
I buy them in bulk from my supplier and would make
sure I always had a minimum of 200 -250 on hand at
a time. When I first began I ran out quickly so I
started writing down the styles that would sell out
quickly and the styles that were in high demand. I
always tried to introduce at least 5 new pairs a