Hey you ada haters out there!

[grogan]

Check out my pallet of ADA. It took me 2 months to get this thing up to Alaska. My main job is driving trucks for a company called Airland Transport. I used my companies connections to pick up the pallet from Texas and ship it to our dock. Guess who gets to deliver this pallet of gold to the shop tomorrow? Yeah this guy!

A few bags of substrate and a 60p are going home with me too....

[funlad3]

Is that a tank on the pallet? Ooh!

[grogan]

tanks,substrate,and promotional material. GOLD

[Cory1990]

So who's to say one bounced off the pallet and ends up at my door step for the cost of shipping??!? Lol just kidding, it's not that we hate it it's that it's spendy.

[emc7]

I second that. They are beautiful, no doubt. But I won't buy one unless I win the lottery.

[grogan]

Well it takes a special kind of person to dump this kind of money into a single aquarium. I for one have a 56 gallon tank that has well over $3000 into it. If that seems like alot...talk to a reefer. I bet Funlad can relate.

[funlad3]

Yeah. Right now, I owe my parents almost $600. Do I regret any of that for a second? No way! All the same Grogan, for $3000, you could have an insane reef! Speaking of which, I'm going to throw up a video update here in a few minutes.

[grogan]

Update:
I deliverd the pallet, cut it opened and stocked the shelves. They sent me the all new Aqua Sky LED light as a gift. I didnt really know what to do with it so I put it on the Dovii tank. Looks cool

[grogan]

And to think BV77 has not even been in the shop yet...and he lives 30 miles away! fail bro

[lohachata]

hmmmmm...for $3000 i could finally get in most of the specialty fry foods that i need for my customers...

[BV77]

I've been in there. You weren't there, I left my number they should have given it to you.

[Cory1990]

John, you should open up your own small fish store! You have the right stuff and breed your own so it would be like 80% profit. I was looking into opening a primitive craft shop with the stuff that I build and the stuff my mom makes. We were pretty close to doing it but backed out. The place we were going to rent was on the main road of a small town and was only 500 a month. If you can cover the rent/elec the rest is pure profit.

[emc7]

Rent, tanks, stands, filters, utilities (heat, cool, electricity, water), labor, fees (licenses, taxes, permits), whatever is left if profit. I don't want to imagine what a store full of ADA tanks would cost.

The economics of FW can't be that good, or 90% of the independent FW stores around here wouldn't have closed. The cost of keeping a place open until people find you and start buying seems to be too high. We've had 4 stores (3 new, 1 moved) close within months of opening.

For the crafts, around here we have "antique malls" and similar places aimed at artisans or crafts. People rent a small section of a huge indoor space and you don't even have to be there to sell stuff, just price it and the landlord takes a cut. But he pays the utilities. The other thing they do here is rent a booth at a festival. Most towns have one or two a year, always on a weekend. Vendors come in, pay a fixed rate, and keep what they make. Some people do a few local shows a years, others are going somewhere every weekend.

500 a month is a huge commitment. Might work if you were allowed to live there. Ever since they changed the tax law and business losses are not deductible against regular income, a hobby business is a lot harder to afford.

You should do an online shop. Then at least you can deduct your computer and maybe part of your garage and electricity. All the little quilt shops in the tourist towns have gone online only. The tourist trap stores sell ice cream and stuff they buy online.

[TheOldSalt]

WHAT?? No more deduction for business losses??? How can that be?

[emc7]

You can now deduct business losses against that business' income only. Not another business, not your day job's salary. So if you earn 10k and spent 20k you pay 0 tax on it, but you are out 10k. In the old days, you could lose 10k on fish and take that off the 30k you brought home from another job and pay taxes on 20k instead of 30. No more income averaging either, so even if you lose money for 10 years, the first year you make money you pay full tax and maybe even the AMT (alternative minimum tax) where you lose your deductions if you do too well.