Printing Profits & Costs?

[edwardsmedia]

Hello!

I have taken so far around £278.00 on printing mugs/coasters ect sublimation wises.

£73.71 was stock... Including VAT, All my working out include VAT

And i have used half of the inks. I have left to date.

I have the Richo GX e3300N
60% Black
40% Cyan
40% Magenta
40% Yellow

So that is pretty much less than half.

So that has cost me £96 in ink (£192 for a full set including VAT from Xpes) These are the 30ml from Xpres.

Cost

£73 in stock
£96 in ink

Sales - £278.00

Cost - £73 + £96 = £169.00

Profit - £109.00

Now im not sure that is correct. for example

I normally sell my mugs for £6.00 each have stock them for about £4.50 each with small image to a charity who wanted a big ish order.

Mug cost - £1.26 including VAT (Xpres)
Normal Cost to print it a full color mug? about 1/3 of A4 paper... Any idea's Im told its about £0.20

Total Cost - £1.50
Profit - £4.50

Im abit confused. Im just wondering if anyone has different costs for inks?

[bms]

Ink cost varies widely depending on how much ink you put down on paper (e.g.colour density, amount of coverage, size for image), but whilst it may vary, it isn't a huge amount per mug.

Also, you probably haven't 'used' all that ink as a large amount gets sucked into the tubes when you first start up, so ink consumption will be much much less that your figures show.

[edwardsmedia]

So say, on an A4 piece of Paper i put 3 images for mugs. full color pretty much taking up the whole page... How much would you think that would cost? Any guess?

Yeah its a brand new printer. with new inks and im pretty new to it all. I haven't printed alot at all really...

[letsgo]

As Martin says cost of ink does vary so does the error factor but costs a low for ink.
Not sure if i have missed something here but you havent included electric or the carriage costs from xpres plus the other overheads when working out your profit so in real respect your profit is not £4.50.
Gary

[edwardsmedia]

no i haven't included electric here. I also have to pay for business bank account, website, ect. They haven't been taken out so yep its less.
As for carriage costs/post and packing from Xpes. i have always spent over £120 (Including VAT) so i have had free delivery. I do try and save that extra £8.50 haha!

[John G]

Do xpres not charge a set £4.00 per 36 mug box ? - even above £120.00

I over exaggerate on my inks, so:

Paper @ £0.10 min per A4 sheet (+ delivery/vat)
Ink @ £0.90 per full A4 sheet print.

You get a minimum of 3 mugs out of one A4 sheet, so I'd gestimate that each mug is going to cost you 33p to print. (based on full colour top to bottom full ink coverage - cheaper for less coverage)

You have to factor in your banking charges - paypal and ebay charges are a killer too!

[edwardsmedia]

Uhmm yep they do. I ordered some a few weeks ago. £4.00 for the first box, but i didn't pay another £4.00 for the other? maybe its just a one off £4.00 fee?

Prefect. Thats how i was hoping to price mine but i wasn't too sure...

Do you have a ricoh? GX3300N? they are £40.00 a carriage x 4 = £160.00 + VAT £32.00 + FREE Post&Packing (Example from Xpres)

If im honest i normally say to myself well keep in my head that a mug costs me £2.00 to print. Im not sure why but i just also go with that idea and leave myself £0.74 for ink lol

Yep, I pay about £20 a month for my bank account! got to sort that. I dont sell on ebay or use paypal very much. I do all my sales mainly thought Bank Transfer or maybe the odd Cash for now. then i guess you have to think of NI & Tax But if we added everything up we would be here all day haha!

ok so we are talking about £1.00 including VAT & paper for a full color A4 piece of paper. So... all my link must be stuck inside my printers tubs? If so im happy that i haven't used all the ink i thought i used haha!

[John G]

Mines a ricoh 5050n, very similar but larger carts.

My figures are gusestimates, but you seem to be working things out nicely. If your still on the first set of carts your second ones will last longer as there's ink already in the tubes.

[edwardsmedia]

Aw yes i know the one I think they told 60ml carts? and are abit cheaper?
Mine only hold... 29/30ml

Yep still on the first half way though them

So really its not just me doing weird and thinking i have used £96 worth of inks already! Just most of the ink is still in the machine, But in the tubes? haha
Good, That's made my day. thanks for that guys! and you John

Im going to cut some vinyl for 2 vans now! Speak laters

[John G]

Yeh, larger carts, but more expensive to buy @ £60.00 per cart.

Got a 2 vans booked in for next weekend, hope the weather's fine as I do all mine outside.