Quoted from winteriscoming:I also haven't done much play-testing.
Send me one and I will test it for ya. That way you don't have to install yours in the game
Quoted from winteriscoming:I also haven't done much play-testing.
Send me one and I will test it for ya. That way you don't have to install yours in the game
Jim sign me up for an unpainted one. Save you some grey matter.
I'll send you money now so you can buy some ventilation devices. Stat.
I would like one I don't care about the eyes or the color it is. It so much better than the stock one.
Quoted from Pinballocks:Jim sign me up for an unpainted one. Save you some grey matter.
I'll send you money now so you can buy some ventilation devices. Stat.
I already cast all the resin I had, and will likely paint up and sell all the current t-rexes I have, but I'm definitely going to get a better setup with proper ventilation in place before I do another run. I will sell unpainted ones eventually.
Quoted from winteriscoming:I already cast all the resin I had, and will likely paint up and sell all the current t-rexes I have, but I'm definitely going to get a better setup with proper ventilation in place before I do another run. I will sell unpainted ones eventually.
I have some concerns that are giving me some anxiety with this project so thought I'd throw them out there:
1. Wanting to keep things on the up-and-up, I'll need to pay taxes on the income I make from selling these. Might need to pay sales tax, too, at least for anyone purchasing in Indiana... Oh what fun that's going to be to figure out... Paying taxes, as I should, means less money recouped for my efforts and therefore I might need to charge more than I would have liked.
2. If I take PayPal payments (the easiest way to collect payments), I have no real protection from getting screwed over by an unscrupulous buyer. Other forms of payment are going to be a hassle for me and the buyer.
3. What if Universal (or Data East via Stern?) wants to shut me down? Am I replicating something that requires a license? As far as I can tell, the Papo dinosaur toy line is based off of JP dinos, but aren't licensed and they're making more money than I'd ever hope to make on this project. I guess that would be the precedent for me not being as concerned about this issue.
The business side of this is going to be what makes me not enjoy this project...
Quoted from winteriscoming:3. What if Universal (or Data East via Stern?) wants to shut me down? Am I replicating something that requires a license? As far as I can tell, the Papo dinosaur toy line is based off of JP dinos, but aren't licensed and they're making more money than I'd ever hope to make on this project. I guess that would be the precedent for me not being as concerned about this issue.
I think you are clear here. You are making a dinosaur head. No one has the copyright on a generic dinosaur. It's not like you are making Dino The Dinosaur from the Flintstones.
Quoted from winteriscoming:I have some concerns that are giving me some anxiety with this project so thought I'd throw them out there:
1. Wanting to keep things on the up-and-up, I'll need to pay taxes on the income I make from selling these. Might need to pay sales tax, too, at least for anyone purchasing in Indiana... Oh what fun that's going to be to figure out... Paying taxes, as I should, means less money recouped for my efforts and therefore I might need to charge more than I would have liked.
2. If I take PayPal payments (the easiest way to collect payments), I have no real protection from getting screwed over by an unscrupulous buyer. Other forms of payment are going to be a hassle for me and the buyer.
3. What if Universal (or Data East via Stern?) wants to shut me down? Am I replicating something that requires a license? As far as I can tell, the Papo dinosaur toy line is based off of JP dinos, but aren't licensed and they're making more money than I'd ever hope to make on this project. I guess that would be the precedent for me not being as concerned about this issue.
The business side of this is going to be what makes me not enjoy this project...
Anyone buying from you that lives in Indiana has to pay you sales tax, which you turn over to the state. Outside of that, it's up to the buyer's local laws and their own sense of duty to pay their state or not.
Quoted from winteriscoming:1. Wanting to keep things on the up-and-up, I'll need to pay taxes on the income I make from selling these. Might need to pay sales tax, too, at least for anyone purchasing in Indiana... Oh what fun that's going to be to figure out... Paying taxes, as I should, means less money recouped for my efforts and therefore I might need to charge more than I would have liked.
2. If I take PayPal payments (the easiest way to collect payments), I have no real protection from getting screwed over by an unscrupulous buyer. Other forms of payment are going to be a hassle for me and the buyer.
We have been selling the Tron Arcade mod version 2.1 and 3.1 for a while now. The pinball community is just great to deal with. We take PayPal and never had an issue with anyone. We have found that the Golden rule applies very well here. So I would not worry about that one.
PayPal reports everything to the IRS so yes we pay taxes on the money just like all the rest of the money we make. You do need to keep track of your expenses for your taxes.
I hope that helps some.
Quoted from winteriscoming:I have some concerns that are giving me some anxiety with this project so thought I'd throw them out there:
1. Wanting to keep things on the up-and-up, I'll need to pay taxes on the income I make from selling these. Might need to pay sales tax, too, at least for anyone purchasing in Indiana... Oh what fun that's going to be to figure out... Paying taxes, as I should, means less money recouped for my efforts and therefore I might need to charge more than I would have liked.
2. If I take PayPal payments (the easiest way to collect payments), I have no real protection from getting screwed over by an unscrupulous buyer. Other forms of payment are going to be a hassle for me and the buyer.
3. What if Universal (or Data East via Stern?) wants to shut me down? Am I replicating something that requires a license? As far as I can tell, the Papo dinosaur toy line is based off of JP dinos, but aren't licensed and they're making more money than I'd ever hope to make on this project. I guess that would be the precedent for me not being as concerned about this issue.
The business side of this is going to be what makes me not enjoy this project...
Not sure Aurich wants to be giving legal/tax advice, but he's posted in a few threads about how he handled scaling up his translite operation, so it might be worth shooting him a PM to see if he has any pointers on tracking orders and payments, taxes, etc.
Paypal would probably be the easiest for buyers (and likely for you too) but I'm sure anyone following this thread would work with you if you wanted payment by money order (or even cash). People want this mod!
And I'm not an IP lawyer but I'd be extremely surprised if anyone tried to argue you owed a licensing fee for making a generic dinosaur sculpture.
Quoted from fosaisu:Not sure Aurich wants to be giving legal/tax advice, but he's posted in a few threads about how he handled scaling up his translite operation, so it might be worth shooting him a PM to see if he has any pointers on tracking orders and payments, taxes, etc.
I'm not a lawyer or an accountant, this isn't legal advice, blah blah. But I can tell you what I do.
I take money via Paypal, haven't had a single person try and screw me or anything. I've refunded a couple payments for various reasons (some were my fault) and that's painless. I've heard the nightmare stories, but my experience is the pinball collector community is full of solid people, haven't run into a bad egg yet.
I will say though that Paypal can be tricky, if they notice a sudden spike of money coming into your account they can lock it down, demand to know what you're selling, who your supplier is, proof that you're shipping it, etc. I had to deal with that. First person I talked to wasn't helpful, second one when I explained it was just hobby stuff on a forum totally got it and bypassed the BS, just asked for shipping numbers so they could see I was actually sending people what they paid for. Once I provided that my account was unlocked, no problems since. Something to keep in mind.
I report all my earnings to the IRS and pay taxes on them. I deduct all my expenses from that, the cost of printing, shipping, buying boxes and labels, supplies for prototyping etc.
Technically Paypal won't report anything to the IRS as long as you bring in under $20,000 a year, but I believe in keeping everything above board and legit. My books aren't necessarily organized, but I really do pay all my taxes, and I'd survive an audit (I hope I never have to test that!)
I'm already incorporated, so I just report the earnings as part of my corporate profit, my CPA handles all that. I don't know what your situation is, if you're filing under self employed income there's some crap you have to deal with, but it's not that hard, I did that for years before I got serious enough to incorporate. Not for pinball mods, my design company, just to be clear.
My real advice though? Charge as much as you need to. Don't worry about the price. If it's too much money for some people they can not buy it. I definitely don't look to gouge anyone on my projects, I feel like they're priced fairly for the market, but I factor everything into my price. Not just the cost of materials, and shipping, but all the time I have to spend managing orders, printing labels, folding boxes etc. It can seriously be a full time thing some days. And that's not factoring in the #1 cost: the time to develop things. I spend hours and hours getting the art right so I'm happy with it. And I know you feel me on that one! That time is precious, it's what makes the mod count.
I honestly don't think I've had a single person complain to me about my prices. But if they did I'd basically shrug. I wouldn't be a dick or anything, but if it's not worth it to you then don't buy it, these are just for fun. I'm not selling water in the middle of a desert.
I'm working on something new right now that's more ambitious than my previous projects. It will require multiple vendors and assembly and more prototyping and research than usual; if I end up offering it to people it will probably not be cheap. If people think it's too expensive I simply won't make it, I'll enjoy it on my personal machine (only hint I'm dropping!) and life will go on.
So figure out what you think you should charge. And then add 25% to that because you're probably being too conservative.
Feel free to PM me if you have any questions.
Quoted from BowlingJim:I will send CASH. Problem solved
And when that cash is stolen in the mail, and not received by the seller what do you do? You are SOL in that scenario and it happens regularly. Risky sending cash in the mail.
Quoted from Aurich:I'm not a lawyer or an accountant, this isn't legal advice,
Sounds like a lawyer....
Quoted from DropTarget:Sounds like a lawyer....
Notice my use of the very technical "blah blah", that's the sure sign.
Quoted from Aurich:Notice my use of the very technical "blah blah
Isn't that legaleze?
Quoted from Aurich:I'm not a lawyer or an accountant, this isn't legal advice, blah blah. But I can tell you what I do.
I take money via Paypal, haven't had a single person try and screw me or anything. I've refunded a couple payments for various reasons (some were my fault) and that's painless. I've heard the nightmare stories, but my experience is the pinball collector community is full of solid people, haven't run into a bad egg yet.
I will say though that Paypal can be tricky, if they notice a sudden spike of money coming into your account they can lock it down, demand to know what you're selling, who your supplier is, proof that you're shipping it, etc. I had to deal with that. First person I talked to wasn't helpful, second one when I explained it was just hobby stuff on a forum totally got it and bypassed the BS, just asked for shipping numbers so they could see I was actually sending people what they paid for. Once I provided that my account was unlocked, no problems since. Something to keep in mind.
I report all my earnings to the IRS and pay taxes on them. I deduct all my expenses from that, the cost of printing, shipping, buying boxes and labels, supplies for prototyping etc.
Technically Paypal won't report anything to the IRS as long as you bring in under $20,000 a year, but I believe in keeping everything above board and legit. My books aren't necessarily organized, but I really do pay all my taxes, and I'd survive an audit (I hope I never have to test that!)
I'm already incorporated, so I just report the earnings as part of my corporate profit, my CPA handles all that. I don't know what your situation is, if you're filing under self employed income there's some crap you have to deal with, but it's not that hard, I did that for years before I got serious enough to incorporate. Not for pinball mods, my design company, just to be clear.
My real advice though? Charge as much as you need to. Don't worry about the price. If it's too much money for some people they can not buy it. I definitely don't look to gouge anyone on my projects, I feel like they're priced fairly for the market, but I factor everything into my price. Not just the cost of materials, and shipping, but all the time I have to spend managing orders, printing labels, folding boxes etc. It can seriously be a full time thing some days. And that's not factoring in the #1 cost: the time to develop things. I spend hours and hours getting the art right so I'm happy with it. And I know you feel me on that one! That time is precious, it's what makes the mod count.
I honestly don't think I've had a single person complain to me about my prices. But if they did I'd basically shrug. I wouldn't be a dick or anything, but if it's not worth it to you then don't buy it, these are just for fun. I'm not selling water in the middle of a desert.
I'm working on something new right now that's more ambitious than my previous projects. It will require multiple vendors and assembly and more prototyping and research than usual; if I end up offering it to people it will probably not be cheap. If people think it's too expensive I simply won't make it, I'll enjoy it on my personal machine (only hint I'm dropping!) and life will go on.
So figure out what you think you should charge. And then add 25% to that because you're probably being too conservative.
Feel free to PM me if you have any questions.
Do you collect CA sales tax for residents of the state that order your products?
Quoted from Captain_Kirk:Do you collect CA sales tax for residents of the state that order your products?
I don't, and I'm honestly ignorant of that whole side of things. I guess if you're set up right that you can get a resale license, and then not pay sales tax on the materials you need to buy to sell? I dunno.
I'm used to running a business and paying taxes, but I'm not any kind of retail expert, my income is a service/consultant driven thing. This is just a hobby, it was never meant to be any kind of job or make serious money. I'm paying the IRS and that's about as far as my crazy advanced scheming goes.
Quoted from Jared:Until you sell about 300 of these I would not worry about it. Bigger fish to fry.
I'm definitely pressing on.
I would love to wake up Christmas morning installing this beautiful guy in my machine. Santa, are you listening? I have been very nice this year.
Since nobody else has said it, I'll go out on a limb and say this is possibly the best pinball mod that's been brought to the market. If pinball mods where art, this would be a masterpiece
I still get PMs about this. There's no waiting list, I'm not selling them, and I don't know the price... yet. Anyone have a suggestion on where to put this info? I'd put it in the first post if I thought people would read it!
I do appreciate the interest and enthusiasm, though.
I'm working on finishing up 3, as pictured, and will know, and announce, the price once I have them finished.
I'm likely to do a smaller initial pilot group, maybe only 3 or 4, gather feedback and address any issues that impact the design and then open it up a little more to about 10. I might be able to get the initial pilot group out the door this month, but probably not more than that.
I'm not taking names until I have a price. I've also got a few people in mind for the early pilot group, if they're interested, so consider it an invitation only affair. I'll announce when any are up for grabs during the pilot.
Thanks,
Jim
Quoted from Aurich:I don't, and I'm honestly ignorant of that whole side of things. I guess if you're set up right that you can get a resale license, and then not pay sales tax on the materials you need to buy to sell? I dunno.
I'm used to running a business and paying taxes, but I'm not any kind of retail expert, my income is a service/consultant driven thing. This is just a hobby, it was never meant to be any kind of job or make serious money. I'm paying the IRS and that's about as far as my crazy advanced scheming goes.
I guess I wouldn't sweat it too much. Now, if you collected the sales tax and didn't turn it over, then Governor Moonbeam might want to have a little chat with you!
Quoted from winteriscoming:I still get PMs about this. There's no waiting list, I'm not selling them, and I don't know the price... yet. Anyone have a suggestion on where to put this info? I'd put it in the first post if I thought people would read it!
I do appreciate the interest and enthusiasm, though.
I'm working on finishing up 3, as pictured, and will know, and announce, the price once I have them finished.
I'm likely to do a smaller initial pilot group, maybe only 3 or 4, gather feedback and address any issues that impact the design and then open it up a little more to about 10. I might be able to get the initial pilot group out the door this month, but probably not more than that.
I'm not taking names until I have a price. I've also got a few people in mind for the early pilot group, if they're interested, so consider it an invitation only affair. I'll announce when any are up for grabs during the pilot.
Thanks,
Jim
I got the 7mm lenses in today (pictured on the right). The first ones were 8mm glass ones and not as domed. The 7mm ones are acrylic and have a very nice domed curve to them, so I'm hoping they look just right in size and effect when installed.
I'll try to install and show an example as soon as possible.
Quoted from Edenecho:That T-rex looks intimidating
Quoted from pinballpete:Every update is better than the next! Great job!
Hold on, I haven't even changed anything yet! That's still the same brown t-rex with the 8mm eye displayed in other pics.
Quoted from winteriscoming:Hold on, I haven't even changed anything yet! That's still the same brown t-rex with the 8mm eye displayed in other pics.
Lies, that's obviously the new Crying T-Rex mod!
Quoted from winteriscoming:Hold on, I haven't even changed anything yet! That's still the same brown t-rex with the 8mm eye displayed in other pics.
And it is still as intimidating as it was yesterday
Indiana folks, like myself, can just pay cash.
Is there a line already ? And Jim, could you please put me on it ?
Please and thank you.
Quoted from winteriscoming:Hold on, I haven't even changed anything yet! That's still the same brown t-rex with the 8mm eye displayed in other pics.
I want to like the latest t-rex the best, problem is I can't see it. Does anybody see it? Here kitty, kitty, kitty.
Quoted from Gryszzz:Indiana folks, like myself, can just pay cash.
Is there a line already ? And Jeff, could you please put me on it ?
Please and thank you.
I would be willing to pay cash as well. Even pick up in person for grins.
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