You need to look at what your flower whop is and where you want it to be.. if you send few or no wire orders than belonging to a wire service is a very expensive option
If you send lots of wire orders than going "wire service free" is a very expensive option ( way to time consuming to do it any other way, what with finding a florist and then reconciling the payments etc)
If you are getting 100 incoming orders a month then you need to think, very carefully, about what the loss of $4,000 (thats $48,000 a year)worth of sales will do to your cash flow..sure many expenses go away also..but make sure you re-scale your payroll, perhaps your overhead.. and understand that it could take 2 years to re-position yourself here if you have been receiving this volumn of orders for awhile..
It sounds so simple,, but not if you can not resolve the loss of up front cash flow...
I know..i dropped Tel & bloomlink and stopped accepting .com orders 2 years ago... it is not a pretty picture on your profit & loss sheet while you reposition yourself..
In retrospect I would have spent more time re-aligning my expenses before taking this step, perhaps put it off 6 months while I did my bookwork..
and don't think those refused orders went away.. we have 2 new florists in town who are feeding on them (and an older one).. sure they have the same problems with bottom line on all these discounted orders but until they burn thru their initial stash of start up money they happily fill these orders & compete against me for my local customers.
and when they have had enough they will probably drop by the wayside,, but then some other neebie will pop up with new start-up money to take these orders and go for a few years..
so.... don't think this process of going wire-service free is a slam dunk..it ain't
Would I do it again,, yeah.. but please think about it alot.. lots of people say it is easy.. and they are wrong,, if you are any kind of a medium size real brick & mortar shop it isn't easy
..I fail to believe there are many, if any, shops in the $250,000 range & up that are wire service free..
some of my biggest mistakes are listening to people who seem to know what's what and finding out later that they were not who they said they were or did the business they said they did.
Just my take on this issue from my experience
Carol
If you send lots of wire orders than going "wire service free" is a very expensive option ( way to time consuming to do it any other way, what with finding a florist and then reconciling the payments etc)
If you are getting 100 incoming orders a month then you need to think, very carefully, about what the loss of $4,000 (thats $48,000 a year)worth of sales will do to your cash flow..sure many expenses go away also..but make sure you re-scale your payroll, perhaps your overhead.. and understand that it could take 2 years to re-position yourself here if you have been receiving this volumn of orders for awhile..
It sounds so simple,, but not if you can not resolve the loss of up front cash flow...
I know..i dropped Tel & bloomlink and stopped accepting .com orders 2 years ago... it is not a pretty picture on your profit & loss sheet while you reposition yourself..
In retrospect I would have spent more time re-aligning my expenses before taking this step, perhaps put it off 6 months while I did my bookwork..
and don't think those refused orders went away.. we have 2 new florists in town who are feeding on them (and an older one).. sure they have the same problems with bottom line on all these discounted orders but until they burn thru their initial stash of start up money they happily fill these orders & compete against me for my local customers.
and when they have had enough they will probably drop by the wayside,, but then some other neebie will pop up with new start-up money to take these orders and go for a few years..
so.... don't think this process of going wire-service free is a slam dunk..it ain't
Would I do it again,, yeah.. but please think about it alot.. lots of people say it is easy.. and they are wrong,, if you are any kind of a medium size real brick & mortar shop it isn't easy
..I fail to believe there are many, if any, shops in the $250,000 range & up that are wire service free..
some of my biggest mistakes are listening to people who seem to know what's what and finding out later that they were not who they said they were or did the business they said they did.
Just my take on this issue from my experience
Carol