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Thinking about starting a new service

Joined
Sep 14, 2018
Messages
270
Location
My Desk
WCA
2018BRUM01
Doesn't that already exist?
It probably does somewhere, but I don't know of anywhere that does it except like the cubicle and speedcubeshop, but you can't send in cubes that you already have there as far as I know. They also charge a ton. I would probably only charge like $5 for magnetization and set up, and I would have a big variety of magnets you could choose from to magnetize your cube, and I have all of the SCS and cubicle lubes. IDK if I will do anything for sure, just curious if anybody would actually want that before I go out and buy a ton of magnets or anything.
 
Joined
Sep 14, 2018
Messages
270
Location
My Desk
WCA
2018BRUM01
Assuming the customer pays for shipping, do you think $5 will cover the cost of magnets, glue, lube and time spent working?

There may also be an issue with you being paid to work with hazardous materials (cyanoacrylate) while being a minor. You'd need to research the specific laws for that though, as well as whether you would be able to operate a business from your home and what taxes you would pay on your earnings.
IDK about the laws, but I am positive that $5 will make me at least a few dollars profit for each cube. Magnets are only like 50 cents for 48 off them, and glue is super cheap. I have a ton of lube that I can use as well so I am not that worried about any of that. I would have the customer pay shipping though. If I do it as a small scale business in my room I don't think I will have to pay taxes on it. This is all just theoretical right now though.
 
Joined
Feb 23, 2019
Messages
598
Location
The FitnessGram Pacer Test is a multi stage...
Assuming the customer pays for shipping, do you think $5 will cover the cost of magnets, glue, lube and time spent working?

There may also be an issue with you being paid to work with hazardous materials (cyanoacrylate) while being a minor. You'd need to research the specific laws for that though, as well as whether you would be able to operate a business from your home and what taxes you would pay on your earnings.
IDK about the laws, but I am positive that $5 will make me at least a few dollars profit for each cube. Magnets are only like 50 cents for 48 off them, and glue is super cheap. I have a ton of lube that I can use as well so I am not that worried about any of that. I would have the customer pay shipping though. If I do it as a small scale business in my room I don't think I will have to pay taxes on it. This is all just theoretical right now though.
 
Joined
Sep 14, 2018
Messages
270
Location
My Desk
WCA
2018BRUM01
I probably would not make that much. I would mostly do it for fun because I really like to set up cubes and magnetize cubes while watching netflix or doing other stuff that does not require that much of my attention.
 

ProStar

Member
Joined
Oct 27, 2019
Messages
730
Location
Right here
I probably would not make that much. I would mostly do it for fun because I really like to set up cubes and magnetize cubes while watching netflix or doing other stuff that does not require that much of my attention.
Makes since to me. You like doing it, you pass the time, and you get some money. I say go for it!
 

RyanP12

Member
Joined
Jul 12, 2019
Messages
38
Location
Bay Area
WCA
2019PUSH02
You need to differentiate. Start looking into boron treatment and polymer coating. If you become financially stable, start an LLC. Depending on age, it’s looks pretty good in college applications, “started a legal corporate entity”.
 
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