Archives for posts with tag: handmade

I opened my Amazon Handmade store on May 12th!

Check out Exsect on Amazon Handmade

 

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In the leather industry, maintaining wholesale accounts with your suppliers is an absolute must. With just a little research, you can easily save 30-70% off of MSRP by simply submitting your business articles to your suppliers.

As all leather purchasers know, Tandy Leather publishes their retail prices and wholesale prices on their website. You do not need paid memberships to take advantage of the lowest offered prices. You simply need to set up an account with them. Be sure that this account is also tax exempt as the supplies you are purchasing are for resale.

Weaver Leather, Zack White Leather and Springfield Leather (just to name very few) all have wholesale sections on their websites. These sections are hidden from the public. Simply contact these suppliers to set up your account and get your mind blown with SAVING$!

All of these companies will require your tax IDs to set up your account.

While requirements vary from state to state, here is a list from wikiHow of things that may be necessary for you to have before beginning to buy and sell products:

• Local Business License: Typically, the city or county where you are operating your business will require that you have a local business license. Just call or visit your city hall to find out what the requirement is in your jurisdiction.
• Sales Tax License: If you live in a state that collects sales tax, you will most likely need this license. Having it will allow you to legally charge sales tax to customers purchasing your items. By calling your State Franchise Tax Board you can find out how to get this license.
• Federal License: This license really only applies to a very small portion of businesses that are selling products or services that are highly regulated by government agencies (i.e., if you are selling firearms or offering investment advice). If you think your business falls into that category, you can call your state government offices for more information. However, if your business is required to have this type of license, it may be best to hire an attorney to make sure you are complying with every law and have all the necessary licenses, permits and documentation.
• Seller’s Permit (also referred to as a reseller’s permit or sales tax permit): This permit is typically required for businesses that are purchasing wholesale products for resale. Usually your State Franchise Tax Board is the agency that grants this permit.

You can also set up payment terms and arrange credit with your suppliers, so make sure to ask them what kind of options they can offer you.

While most of my vendors do offer credit accounts, I NEVER suggest opening lines of credit for your business.

Running your small business entirely DEBT FREE is most beneficial.

 

Texas state leather wedding favors in antique brown sunburst leather finish by Exsect Inc.

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Exsect Inc. is a single maker operated leather company with over 4,300 sales on Etsy. Featuring specialty designs, exclusive leather finishes, reclaimed leather creations and industry standard deviations.

Exsect Inc. is not your grandfather’s hobby shop.

Etsy: http://exsect.etsy.com
Website: http://exsect.com
Instagram: @aminabaker.exsect
Twitter: @AminaMunster

©2016 Exsect Inc ©2016 Amina Baker ©Amina Munster

In April of 2014, I owned a considerable amount of Tandy Leather (TLF) shares at $9.63 a share. This holding had served me well since purchasing them in 2012 at a little over $5 a share.

However, something happened at Tandy Leather around April of 2014. I started noticing considerable price hikes on items that I had been purchasing for many years. After ruffling through receipts, it became clear that many items had gone up by as much as 50%.

Example: 2” Cowhide Strip x 72” – $20 (2006) – $21.99 (early 2014) to $31.99 each (4/23/16)

Gross.

That was it for me. Although the wonderful manager at Tandy let me haggle with him and we have kept the price low on many items I still use… I dumped my TLF stock and starting searching elsewhere for suppliers. Ive since found 4 other suppliers that blow Tandy Leather’s prices out of the water.

I would have never found these suppliers if it were not for the push by the Tandy Leather price hikes.

I keep a spreadsheet of all suppliers and who has the best price on each item (1/4 of it is below, TLF in column one).

In 2014, Tandy Leather went from being my #1 supplier each year and where I purchased 75% of my supplies to #4 in 2015. I now only purchase 20% of my supplies at Tandy Leather.

TLF shares now sit at $7.15.

Im happy to have gotten out when I did.

 

 

SuppliesBlog

Exsect Inc. is a single maker operated leather company with over 4,300 sales on Etsy. Featuring specialty designs, ex

clusive leather finishes, reclaimed leather creations and industry standard deviations.

Exsect Inc. is not your grandfather’s hobby shop.

Etsy: http://exsect.etsy.com
Website: http://exsect.com

Instagram: @aminabaker.exsect
Twitter: @AminaMunster

©2016 Exsect Inc ©2016 Amina Baker ©Amina Munster

 

On the Entreleadership Podcast, Seth Godin suggested to write a blog everyday. I agree. And go…

I’ve fallen in love with Fiebing’s BLACK Leather Balm with Atom Wax.

Tandy Leather does not carry it. I originally found it at Zack White Leather but they over charge like a mofo for shipping.

I ended up purchasing it from Springfield Leather in a 4oz size just to try it out. Springfield Leather offers free shipping on orders over $75. I threw it in with an order I was already placing.

The product is amazing. Unbelievable. Exactly what I was needing to finish vegetable tanned leather that has been hand dyed black (I prefer Fiebing’s Professional Black Dye).

Fiebing’s Black Leather Balm with Atom Wax gives my black items the perfect finish with a dreamy feel.

I am in love.

And as a side note: while doing my taxes I noticed that Springfield Leather had become my #2 supplier (from #4 in 2014). All thanks to their free shipping offer. Super smart move, Springfield Leather. Spot on.

 

 

Exsect Inc. is a single maker operated leather company with over 4,300 sales on Etsy. Featuring specialty designs, exclusive leather finishes, reclaimed leather creations and industry standard deviations.

Exsect Inc. is not your grandfather’s hobby shop.

Etsy: http://exsect.etsy.com
Website: http://exsect.com
Instagram: @aminabaker.exsect
Twitter: @AminaMunster

©2016 Exsect Inc ©2016 Amina Baker ©Amina Munster

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Exsect.com in Show Class Magazine!

A great little write up on Exsect.com was featured in the December 2012 Show Class Magazine. Love this magazine. Such an honor!

Bikinis!

Confederate Flag Bikini!

Bikinis!

Texas Flag Bikini