Selling Soap - How Much I Really Make (Wholesale, Farmer's Markets, Shopify, Etsy)

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Күн бұрын

Selling Soap - How Much I Really Make (Wholesale, Farmer's Markets, Shopify, Etsy)
Hello Friends! Today I share with you how much money I make as a full-time soap maker. I hope you find this video helpful!
Thank you for all your support! If you're new to the channel, please like the video, subscribe, and turn on the notification bell for new videos about my small business!
👍🏼 Subscribe to my channel - tinylink.net/dVzhE
📲 Follow me on Instagram - / quenchsoap
💌 Email Inquiries - jerika.zimmerman@gmail.com
💙 Shop Quench's beautiful hemp bath and body products here 💙
website - www.quenchsoap.com
etsy - www.etsy.com/ca/shop/QuenchSoap
buy my bath bomb in a set! - quenchsoap.com/collections/ba...
💙 Equipment I use 💙
Packaging 👉🏼
📍National Shrinkwrap System - www.nationalshrinkwrap.com/sh...
Soap and Bath Bomb Making👉🏼
📍Bath Bomb and Soap Making Supplies (colorants, glitters, fragrance oils) - Fizz Fairy - Use the code JERIKA15 at checkout for 15% off your purchase: tinyurl.com/yc7k3jsw
📍Bath Bomb Press - www.bathbombpress.com
📍Scale - amzn.to/31X4A8S
📍Stick Blender - amzn.to/3mzdPUM
📍Glass Measuring Cups - amzn.to/31URZDa
📍Plastic Measuring Cups -amzn.to/2HS49WF
Spatulas: amzn.to/3oJL2P9
📍Measuring Spoons - amzn.to/3jIam4v
📍Mixer: amzn.to/34Yxt6U
📍Temp Gun: amzn.to/2I929JI
📍Latex Powder-Free Gloves: amzn.to/3mTtrCN
Photography and Filming👉🏼
📍What I use for product photos -amzn.to/2JdoNAS
📍The lens on my camera - amzn.to/31Ybafp
📍What I use to film my videos -amzn.to/2THvOfa
M U S I C -- I -- U S E -- I N -- M Y -- V I D E O S -- (FREE TRIAL) - share.epidemicsound.com/3qnmgf
💙Suppliers Mentioned💙
📍soap supplies: www.newdirectionsaromatics.ca
📍hemp seed oil: www.hempola.com
📍bath bomb dye: www.fizzfairy.ca
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DISCLAIMER: This video and description contains affiliate links, which means that if you click on one of the product links, I’ll receive a small commission. There is no additional cost to you. This helps support the channel and allows me to continue to make more amazing videos!
THANK YOU FOR ALL THE SUPPORT!

Пікірлер: 519

@arixzsf905 3 жыл бұрын

Im almost 12 years old and i want to make my own business. I want to make soap and bath bombs. You are my inspiration!! Thank you so much. I would be happy if someone have advices for my business. Even if im 12 i saw people make their dreams to be true!! And i want to make mine real. I would like if someone have apps where i can put the money from my business. And i wish good luck to everyone that starts a business as a teenager. 😁🤗🙂

@lucyclay2724 3 жыл бұрын

You will probably need a PayPal all the money will go straight into your bank account make sure to tell your legal guardian (mum,dad etc)so they can help out with setting everything up also make sure your research alot on what your doing before starting it up!!make sure to plan plan plan!! Goodluck :)

@brittanybrandywine6629 Жыл бұрын

With making bath bombs and soaps that is something you can totally start even at 12! You can really take time experimenting with recipes, logos, color schemes, etc so that way when you are ready to fully launch you will have perfected your craft

@munecalinda28 Жыл бұрын

You can Do anything you set your mind to and you are young which is even better. When you are little older you will have all you want and everything you worked hard for, keep striving the sky's the limit. Proud of you.

@abrahambuell3229 Жыл бұрын

Keep in mind, that if digital payment and transportation is an obstacle at your age, you could always go door to door. I’m starting out without a car in a small town and so door to door sales is what I have to work with. Theres no shame. As a matter of fact, there’s a major benefit to doing this method as a small business starting out, because the consumer gets a more interpersonal experience from a local like you in their community, providing for the community. Be resourceful. Price match your ingredients/tools(Amazon delivers so no need to drive out for supplies) And remember, you’re 12! That’s your leverage over every corporation’s sales pitch. How could anyone resist to at least try your soap and bath bombs! You’re probably the more intellectually invested amongst your peers, being an aspiring entrepreneur at such a young age.👌 Bravo for that, bud! Ask questions, and you’ll find out better ways to make your money work for you. As a Navy vet, I’ll put it in military form for you. Every dollar you have in your pockets should should be seen as a crew mate on your ship. If you have to beg a sailor to do their part all the time, your ship could slow down and be stuck at sea, BUT if you can get the crew to do their equal part, you’ll be known as “Captain Arixzsf, the VICTOR!” 🛳️🇺🇸

@abrahambuell3229 Жыл бұрын

Oh and another thing. Kids at your age can be ruthless on social media, but just know that if your classmates are making fun of you for it, don be discouraged. Be clever and allow them to talk. They don’t realize that they’re working for you, when your business is being tossed around in gossip. That’s publicity, and you are now the big buzz in town! That’ll spark curiosity, which will make people try your product to see what it’s all about. When they find out how awesome your bath bombs and soaps are, that reputation will change for the best. Your haters are now YOUR foot soldiers for FREE haha. You’re gonna do great. I hope this boosts your confidence and drive to run a successful business. Be safe and God Bless you all! 🩸✝️❤️

@youngseoncouch9420 3 жыл бұрын

Thank you so much for being so transparent about finances. It is really helpful for people like me who want to start small business!

@kimberleesteele6652 2 жыл бұрын

Loved your video it helps a lot. My biggest challenge is how do you keep records of all your expenses & profits & supplies? Trying to find an easy way to keep records of all these things? Do you have a video that can help with what program you use? Or what organization skills you can share about this topic. Thank you

@opalandcharlie Жыл бұрын

Thanks so much for sharing, I loved this video. But id love you to include your other business runnings costs. Your phone, electricity, insurance, accounting program, internet, car (travel to farmers markets) can you include these in order to show a fare profit margin. And annul costs as well. Thanks!

@lindatoppins1056 3 жыл бұрын

You're a smart little lady and you have gained a lot of business sense that you have been willing and upfront to share. Good for you and thank you! I too am a small business owner since 2010, running a home decor and gift shop as well as my husband running a small medical equipment business since 2003. Many times folks forget about all the expenses that go along with running a small business and far too many never put their taxes back and that can be a true shocker come tax time. Can't stress that enough. Best to you and your husband and all small business owners and as we all try to maneuver around such strange and interesting days! Blessings!

@nateinthewoods8643 2 жыл бұрын

Its amazing to see transparency within the small business community. Extremely well done!

@ripvanwinkle7044 3 жыл бұрын

Awe.... thank you so much for sharing your personal information about your business. You really put it into perspective for my daughter’s. They want to start a soap making business but didn’t know how to explain to them all the work that goes into a business. As teenagers they already have so much on their plate and are gearing up for college. You are so sweet and we love your channel. 💜💜💜💜

@rkstr8829 3 жыл бұрын

A little over 60k a year ... that’s great money

@TheBilly 3 жыл бұрын

"great"? In north America? It's median. Maybe a little better than the US since she's Canadian and they have universal healthcare and such. In the US it wouldn't be very good because 1099 self-employed people need to take out even more than 25-30% to pay their own healthcare, retirement account, etc. A US 1099 worker should be setting aside over 40% so it would be like 36K take home for two people. You'll survive but you won't live the high life.

@rkstr8829 3 жыл бұрын

@@TheBilly you don’t have to take out that much lol but anyways most of that she’s clearly accounted for so like I said.... for a small soap business 60k a year AFTER expenses and taxes is great

@SerendipitousProducts 3 жыл бұрын

1099 in the US sucks you have to make more then 100k to take home anything worth while. I ran a business for many years, I hated paying quarterly taxes. You have pay your own unemployment taxes. My good friend said you should always set aside 104% of the previous year just to reach what you owe. For the entire 15 years I paid quarterly 2,500 and at the end of the year when I field I still ended up paying like 8 to 10k in takes. Luckily my state doesn’t have state taxes and my wife has health insurance is her company.

@SerendipitousProducts 3 жыл бұрын

@@TheBilly isn’t Canada still North America? The US is definitely different then Canada.

@danielmenjivar793 3 жыл бұрын

@@TheBilly damn.

@melaniebrown6610 3 жыл бұрын

I love your transparency. Thank you for what you do for this community

@hey6961 2 жыл бұрын

I love your energy. I just started making candles and soaps and I’ve been binge watching your videos and others. Thank you for being so raw and real. Xo

@loricolwell1470 3 жыл бұрын

Thank you for being so honest and transparent. Love you guys!! Thank you for sharing

@lisabobersky9266 2 жыл бұрын

Thank you for your information!! It is nice to see someone “Keeping it real” and letting us know more personal in’s & out’s of small soap businesses! Appreciate it.

@adedoyinadetunji3492 3 жыл бұрын

Wow @Jerika, thanks for you honesty and transparency. A lot of people don't like to disclose their earnings. You have such a pure and kind heart. At least this will help people decide if it pays to leave their current salary and start up a new business 💚. Thanks again. You are such a great help.

@christinicolet2476 3 жыл бұрын

Fantastic information, I look forward to watching you grow and learn right along with you!

@dianawilliams4773 3 жыл бұрын

You're the real MVP for sharing all these info! Thank you

@robinwilliams2716 2 жыл бұрын

Your transparency and straight forward honest information is very much appreciated not only by me but I'm sure by many others looking to either start a business from home, supplement their income or just considering their options. Thank you so much.

@deannajohnson3933 2 жыл бұрын

This was a very helpful video. I love all of the numbers you showed and how realistic it is. I also appreciated you taking out the takes and explaining why. This was a very clear video that helped me understand how much you can make with a soapmaking business. Thanks.

@stacyfloyd2189 3 жыл бұрын

I just came across this today and have been thinking of starting a small business due to loosing my job last spring as I have profound hearing. Thank you for your honesty and amount of running a small business. This gives me hope and be able to do something for myself and my family 😊

@Kynazamara 3 жыл бұрын

This was good information, Im trying to start my soap business and needed more information thank you!!!

@KarenHRiceScott 3 жыл бұрын

I appreciate your transparency on your journey. I have a very young handmade bath/shower products business and this video was extremely helpful; I agree with the social media numbers "game" that the best way to grow organically is consistent, valuable content.

@alb91878 Жыл бұрын

Thank you so much for this video! It was so helpful! I really love how transparent and honest that you were and how inciteful and informative you were!

@lorischager4029 3 жыл бұрын

Thank you for this interesting information regarding running a small business. I have a small ETSY shop which i consider a hobby but the income is nice too especially around the holidays! Love your products!

@NesseyRocks 3 жыл бұрын

Super motivating seeing how much you’ve made!!!

@soapsoilandsunshine3241 2 жыл бұрын

Thanks so much for the insight Jerika. So glad you shared your financial information with us all. It truly helps put my expectations into perspective and also the need to keep good records. Have a great day. Ann

@visamedic 3 жыл бұрын

That was an excellent breakdown. Having owned a business, the 25-30% range is very accurate for your withholding.

@user-bh6uk8kh9d 3 жыл бұрын

It's such a great video for newbies. I had no idea what to expect and this is such great info. Thank you so much for your honest videos!!!

@LohLeana 2 жыл бұрын

This was so helpful. Thank you for your transparency. I'm starting from square one and really feel blessed to have found your page.

@csall1599 3 жыл бұрын

Thank you so much for sharing. Sometimes I feel that we're not getting anywhere, especially through this pandemic. Made me think a lot about what I need to be doing differently. Keep them coming and best of luck in your business. You're obviously doing something right.

@JerikaZimmerman 3 жыл бұрын

You are so welcome!

@egodawa59 3 жыл бұрын

New here. love the way you break things down. Hoping to start my own soap and candle business soon. following

@carolpeters7155 2 жыл бұрын

I thank you for sharing your business practices. It’s easy to find beautiful soap techniques but your the ones that show/teach me how to start a small business.

@teresalgeorge 2 жыл бұрын

Probably the best video i have never seen that literally spells out everything! THANK YOU!

@michellecasherr2953 2 жыл бұрын

Hi Jerika and Kale, thanks for sharing your experience. This is so interested on how you run your business. I am loving your channel. 🙂

@strwbbymlk 2 жыл бұрын

I am not trying to start a soap business (YET!) I am in the process of starting a different business, BUT the breakdown of finances on this video was SUPER HELPFUL! Thank you so much for your transparency!!!

@thebakerthebathbombmaker1732 2 жыл бұрын

This is priceless information for someone like me who is just starting and knows not a whole lot... Thank you so much for the wisdom!

@Puglifemama101 2 жыл бұрын

This was very helpful. You are so detailed and explain things so well leaving nothing out . I appreciate that.

@timeturnertaylor619 3 жыл бұрын

Great information! Thank you for sharing! I’m just starting to make bath bombs so this is great to know.

@allhailthecringequeen 3 жыл бұрын

Thank you so much for posting this! I noticed you included new supplies that were purchased that month, but the products you sold in October also came with a COGs in the creation of those products which should also be deducted from the final sales profit to get an accurate number for your viewers

@JerikaZimmerman 3 жыл бұрын

Thanks so much for your comment, I think all business owners need to learn this aspect and I'm just scratching the surface on this as my business grows. I'll definitely check out Profit First: it's on my to-read list!!!

@suerwonderedh5022 2 жыл бұрын

Thanks for sharing this video, it's very informative! But from an accounting/business pov, you should also include the labor cost of making soaps, time cost of spending at the farmers market, events etc... These are legitimate income that can be deducted against your revenue to reduce tax. Also, as a side hustle, most people would also be interested in how many hours you devote into the business. (This could also be a topic for future video??)

@Weelsa 2 жыл бұрын

You have definitely opened my eyes to a new income. I really think this is one of my calling. Blessings to your business💕

@andreapauline789 3 жыл бұрын

Thank you!!! I love your transparency! Very inspiring! ❤️

@JerikaZimmerman 3 жыл бұрын

Thank you so much!

@shelleyhardage4483 3 жыл бұрын

Thank you for keeping it real! I've been thinking of making my own soap due to skin allergies & sensitivities and people have said they would buy from me if I started making it (i have friends with the same issues). I'm just not sure how to make that work 🤔 so I've been doing research!

@brittanygardner1461 3 жыл бұрын

I love how informative your videos are! Thank you so much for doing these videos!

@JerikaZimmerman 3 жыл бұрын

Thanks for watching!

@exquisitcocoa 3 жыл бұрын

I would love to have a friend like you by my side to inspire each other, it would be great !! Also thank you for your help to all of us on the other side of the screen, your transparency, kindness and simplicity are really to be admired. you deserve more of the success that you are living right now, God bless you enormously!

@JerikaZimmerman 3 жыл бұрын

Any time! Thanks so much for watching!

@melissamurphy5130 2 жыл бұрын

Thank you so much. Watching your videos are really helping me as I prepare to start my own small business!

@jenifermiller6944 Жыл бұрын

What an amazing video - I have been making and selling jewelry for almost three years and branching out to candles and soaps - I am on my last bar of gifted Beekman soap and want to make my own rather than buying it. This is the second Jerika video I have watched and will spend some time watching her others ❤

@kalebharvey5028 2 жыл бұрын

First thing's first, I have to say YOU ROCK so hard! First video I've ever seen where someone (you) put EVERYTHING on the table for us, (the viewer). Absolutely amazing and helpful! Is it okay for me to say,______________ I love you? To much?......... Don't care, I flipping LOVE YOU for making this video!

@melmorfitt971 3 жыл бұрын

OMG you are a wealth of incredible information! Just started following you for about a week and have learned sooo much. Just starting a mother daughter bathbomb business as side income. Would love to comment on all your awesome videos but i mostly watch from Roku stick on tv and cant comment. Love all that you do. Much much thanks and appreciation. (From Winnipeg)

@JerikaZimmerman 3 жыл бұрын

Hi Mel! Thanks for watching! Glad to get a comment when you can ❤️.

@donnalleeprior7242 3 жыл бұрын

THANK YOU SO MUCH. WHAT A WONDERFUL VIDEO. YOU DID A GREAT JOB OF PRESENTING. I LOOK FORWARD TO WATCHING AND LEARNING MORE FROM YOU. I AM 68 AND JUST MADE MY FIRST BATCH OF SOAP.

@purplebutterfly4078 2 жыл бұрын

wow....thank you for the encouragement...I am 36 and not brave enough to actually try it out...

@Psychopacolypse Жыл бұрын

So glad that I've found you. I'm just starting out. Doing Melt and Pour at the moment with a Cold Press soap kit on the way to get comfortable with that. I really appreciate all the information you're giving along with the honesty of the business.

@tangiejones55 3 жыл бұрын

Thanks for sharing and being so transparent. This is very helpful!

@JerikaZimmerman 3 жыл бұрын

You're so welcome!

@victorvillevixen 2 жыл бұрын

Thank you for making this business realistic. Many people don't realize the expenses that lie in the background. I didn't see where you mentioned 'insurance', so I can only speculate that you don't have it. Regardless, making money requires spending money, and it's good to see someone approach it in a realistic manner.

@simplesarahgirl9691 2 жыл бұрын

yes, when people see what I make and they think it's such a great deal and how lucky I am, it's not luck. I busted my butt off and put in many hours, sweat, admin time, research, mistakes/fails, accomplishments, building relationships.... you deserve every penny you make. you worked for it.

@LOR3LYA 3 жыл бұрын

I was worried that if I started a soap business it would never make enough. But this has given me hope. You make more than I make working a desk job for the government. I'm feeling more encouraged to try now.

@purplebutterfly4078 2 жыл бұрын

this is exacty what I was thinking,as well...like literally....and actually doing something you like can be also much better for your mental health in the long run than working in a job you hate and where you are basically living just for the weekends and the holidays....

@brentp1630 Жыл бұрын

Great stuff! Thank you so much for sharing and putting this together and being so transparent. I imagine your KZfaq videos have a big impact on the monthly income as well. Keep up the great work!

@mojabe2133 2 жыл бұрын

This is so helpful and informative!!! Thank you so much for the wonderful insight! Continued blessings on your journey!

@christinelangley2855 3 жыл бұрын

I love that you did this!! I also love that you inspire us to grow with you. I just started selling this summer and it is very interesting to hear you discuss platforms. Ty so much!!

@JerikaZimmerman 3 жыл бұрын

Thanks so much! And no problem, I wish I had someone like this when I first started so I’m glad to share and help!

@christinelangley2855 3 жыл бұрын

@@JerikaZimmerman So helpful

@biblestudieswithdomlaf3310 3 жыл бұрын

Omg, you’re a Godsend! Love u 😘

@chrismartatos7349 4 ай бұрын

Your transparency is amazing. Incredibly helpful for people like myself thinking about starting up a small business. You’re incredible.

@deanawilliams8782 3 жыл бұрын

Really appreciate the transparency! Thank you so much for your videos!

@JerikaZimmerman 3 жыл бұрын

Glad you like them!

@brookzucha3993 3 жыл бұрын

First video that has explained the business so well! Thank you 🙂

@JerikaZimmerman 3 жыл бұрын

So glad!

@thedivinepiscespriestessii 2 жыл бұрын

I just adore you and appreciate all your insight as I am opening my own business this year. Wish me luck

@madalinaflo 3 жыл бұрын

You are so cute!!! I’m so glad I found you! I love all your information, thank you for taking the time to make these videos!! I want to start a jewelry business and you have such wonderful info! Wishing you so much success

@Blah650yy 3 жыл бұрын

Thank you hun!! For being so informative. This is great news for me. I’m glad I found you. I am a premed student and knowing what works and what could potentially be a waist of time helps me in the long run. I have yet not started my soap online business currently working on all my product. I have been researching like crazy. ESPECIALLY Researching for best priced wholesale ingredients.. best for the buck in bulks. Xoxoxo

@JerikaZimmerman 3 жыл бұрын

Starting with a low cost of goods is awesome! And getting your products to be amazing is also good! You’re off to a good start!

@mehchocolate1257 2 жыл бұрын

@@JerikaZimmerman do you get your soap making supplies from Amazon

@roxannferguson3068 Жыл бұрын

Thank you! I have been meaning to do this for 4 years and I am just gathering supplies and getting started reading etc.

@ArcticBanshee 2 жыл бұрын

Thank you for the great info in this video. One thing I have going against me is time. It takes time to answer questions, plan events, inventory management, production, delivery... I work full time and I’m order to be able to do this as a side business I would have to take all that in consideration.

@charlotterodriguez6460 2 жыл бұрын

You are really good at be upfront and I like many appreciate it ! Thank you so much ! Makes me want to suppprt your business anyway I can ! ❤️

@ednarn 3 жыл бұрын

Thank you much , what a great info and realistic too as what u mentioned , your so real , 😍😍👌🏻and inspiring , I just came across your video while browsing a lot of info about soap making and hopefully business someday , I just started making soap for my friends and co worker this holiday actually,, so hopefully it will grow ,, into business too ,, thanks you for sharing ,, more power and stay safe ,,😊

@kreyes1101 3 жыл бұрын

Thank you so much for all this information!! .You truly are an inspiration. ☺️

@DWOOP 3 жыл бұрын

Thank you for sharing, this is a great video lesson of learning how to run your business of soap making . I am beginning stages of cold process soap and making body butters. I was suggested to sell on Etsy. There are a lot of soap makers on KZfaq with their ways how they sell and make soap. I like your channel!

@JerikaZimmerman 3 жыл бұрын

Glad it was helpful!

@KellyGuidance 2 жыл бұрын

I loved this video and your channel! Recently discovered you and I’m loving all your tips and tricks ❤️ you absolutely are inspiring me. Thank you!!

@megankite5571 3 жыл бұрын

I’m just getting started so this is so helpful!!! Thank youuu!!

@somjaijang7743 3 жыл бұрын

I just happened to see your video today by accident. It made me watch a few more and love love your video. Thank you so so much for your sincere showing how your soap business process is. I just subscribed your channel ❤

@patriciahenry7735 Жыл бұрын

Hi I really loves your video it gives a realistic view of the business I’m just starting and doing research. Keep up the good work

@cinesoapery6386 2 жыл бұрын

Thanks for being so transparent!

@michelleadair3755 Жыл бұрын

So inspiring! Thank toucans wishing you a prosperous and happy new year❤

@quadaskinllc5727 2 жыл бұрын

Thank you I love your content it's so helpful for me since I'm doing all this on my own

@michaelho9523 3 жыл бұрын

Sweet and so kind of your sharing so much in your marketing and profit you make so clear.

@magu9841 10 ай бұрын

Hello, I’m a new subscriber and I’m glad I found you. Thank you for sharing your knowledge of a small business!💝

@WARISCOMIN2023 3 жыл бұрын

That is not bad. You do what you have to and it's an investment into your business. Definitely a yes on the reader. Plus you have 2 which you both can work together or separate.You will grow. It's something.

@feralfreebirds 2 жыл бұрын

loving this, jus checking out your videos....so helpful me before i start ! x

@danielmenzo5994 2 жыл бұрын

Thank you, this is super helpful! I’m curious about a few things (will look below to see if already answered): how many “hours”/week or month would you say you both put toward this? I like to base things off how it compares to a US 40hr work week. Also, would you say this is roughly your standard kind of month? Higher? Lower? Also curious if you have a separate business insurance (but now realizing in Canada it might be different). Thanks in advance, really inspiring! Oh, and how long have you been in business? Thanks!

@LizbethMendoza-uy1vb Жыл бұрын

Wow! thank you for these marvelous tips 💜its very informative and very helpful💜💜💜

@williesheiaj7508 Жыл бұрын

This was very helpful as I am very interested in this. Thank you for your transparency.

@jenscharbach3959 3 жыл бұрын

I appreciate you. Thanks for sharing so much to help others succeed

@popi60601 2 жыл бұрын

such a great, honest video - thank you so much!

@teresam.5821 3 жыл бұрын

Great info.! Thanks so much for sharing!

@aprilgolowic5663 2 жыл бұрын

Great video!❤ so helpful to small business owners!❤ thanks

@healing_krystal Жыл бұрын

So happy i found you today I've been watching so many videos, I'm so inspired!

@chicalertng 2 жыл бұрын

Thank you so much! This was really helpful! You are amazing!

@MeganMoves 3 жыл бұрын

thanks so much for sharing! trying to start a soap business now and your videos have been super helpful!

@JPGirl72 3 жыл бұрын

Thank you so much, you have made some great points, recommendations and helped to set some reasonable expectations for me moving forward. Do you find your monthly profit changes by extreme or by slightly from month to month?

@Imokanurnot 2 жыл бұрын

Amazing information, and your advice about setting aside the 25% for tax purposes is right on point, and let me preface this by saying that I don't know beans (although I would find it very interesting to learn about) the tax system(s) in Canada, it might be a good idea to not only set these funds aside but to just go ahead and send them in to the taxing agency(s) as what we here in the US call Estimated Tax Payments (provided the Canadian taxing authorities accept "ES Payments") Here, we not only have Federal - which consists of not only Income, but also Social Security Tax, but most (not all, however) states also have an Income Tax, and in some states, there are also "Locality" taxes as well. Given all of that, we all know that things come up, and it would be all too easy to reallocate funds. If those funds are not "on hand", reallocation and the possible shortfall in the amount paid in, as well as the danger of owing, or owing a less manageable amount is much easily avoidable. I don't mean to lecture, please don't take it as such, but I've seen time & time again where - especially small business owners have gotten into some pretty - almost insurmountable tax debt because of the huge temptation, especially during the leaner times, to reallocate funds in this manner, and many times the situation they've gotten themselves into has "snowballed" to a point where it had become (not only to them, but me as well) heartbreaking. Here under certain circumstances, making ES Payments is required, as a matter of fact. Again, this "book" is not meant as a lecture - you're a "smart cookie", and that's obvious, it's just a bit of (unsolicited, I know) but maybe helpful advice. Believe me when I tell you - I promise, it's coming from a good place. God bless both you and your business! 💗

@imGool 2 жыл бұрын

Hey, Jerika! This video does a great job of explaining some things you encounter with selling, such as making sure to have a square-reader and filing for taxes as a small business. Something I’m also curious about is how do you go about marketing your products and finding venues to sell your product?

@shannonrasheed7314 3 жыл бұрын

This was a great video. Thanks for all of the info.

@dbemja 3 жыл бұрын

2nd vid... happy I subbed... I am going live with my small business by next week.. it's in the food industry, but the principles in your videos are very helpful..

@JerikaZimmerman 3 жыл бұрын

Thanks for the sub!

@shalenef.5143 3 жыл бұрын

Thank you for sharing this information. I'm still in mental stage- but you are inspiring me.

@shunawestern9153 Жыл бұрын

I can't tell you how refreshing it is for someone to be, so open as you have been. I've often wondered how viable it would be, to run a small business from home. What I would really like to know, would be. How long did it take you, to get what you're earning now. Because when you first start, I would imagine your first year being quite slow, just feeling your feet with everything, so what I'm trying to say is, is it year two when your earnings go up or even takes to year three before you start earning like what you've described. Very good Vlog Jerika. 🥰🐾🇬🇧🌲⛄

@teamspencer9135 3 жыл бұрын

Just when I'm searching ideas about a small business..I just started my way and a little concern of those "what if's" ... Very informative video..

@user-ep4kc1nq6c 7 ай бұрын

Thank you for making this video!! You inspired me!!

@carleen3740 3 жыл бұрын

Thank you for your information. I am just starting and want a realistic expectation of my business.

@curtisjones9157 Жыл бұрын

Very helpful.. for any business even my current appliance repair. I want to quit fixing broke, junk and get into making things.. only problem is I get paid more for Time in one than other. Going to keep checking out your channel. Thanks again.