[amayausers.com] Re: Amaya XT Machine
- From: "Kathy" <misox@xxxxxxxxxxxxxxxxxxxxxx>
- To: <amayausers@xxxxxxxxxxxxx>
- Date: Tue, 4 Dec 2007 09:50:16 -0500
Ron:
Thanks for the information, I thought it would be better to get the machine
this month, but I wasn't sure.
Kathy
----- Original Message -----
From: Roland R. Irish III
To: amayausers@xxxxxxxxxxxxx
Sent: Tuesday, December 04, 2007 8:22 AM
Subject: [amayausers.com] Re: Amaya XT Machine
Good morning Kathy...
from the 'business' side of things, get the machine before the end of '07-
so that you can use whatever deductions possible to offset the severance
package which raises your income level.
A 'lease' program is 100% deductible, buying it outright is not-you have
to amortize it over many years and you can't write it 'all' off.
As for the lease-get it with the $1 buyout option-do NOT go for 10% or
anything
else for 'final payment' because that is 10% of your ORIGINAL FULL PRICE and
when it comes due-your machine is pretty much written off and worthless-but
you
still could be making a final payment of $1500 or more.
Training-get it, and USE IT immediately. You CAN have the cost of going to
training,
airfare, hotel, etc. added onto your lease. I've done it several times.
Negotiate a real good deal for discounts, etc.-then add BACK into the package
the
costs to go to training-startup supplies, extra hoops, speedframe, etc. until
you
are back up to the 'full' price of the machine. Lease company will STILL give
you a lease
for the full amount but you now have covered several thousand dollars of
upfront expenses.
I did it with the digital printer/cutter we bought-negotiated $4,000 off the
price but then had
the dealer put back in enough supplies, artwork disks, etc. to bring it back
up and we didn't
have to spend any more money for almost 6 months.
Ed...you recommend the peggy stitch eraser...in my opinion-the most useless,
worthless,
over priced beard shaver on the market! We have not once ever gotten ours to
do even a
simple job-and shortly after we got it-found the exact same thing-yes, a
beard shaver, at
Big Lots for $9.95....
anyone want ours? I'm serious-it is such a useless thing that if you pay
postage I will GIVE
you ours. It's been sitting in the drawer for 2 years now collecting dust.
Trying to use it ruined
more garments faster than cutting stitches by hand ever did.
Only thing it did come in handy for was mowing down the fake fur for
christmas hats and
stockings until I decided using solvy was faster...
Roland
On Dec 4, 2007, at 8:01 AM, Kathy wrote:
Ed:
Thanks for the information, there are definately items on that list that I
didn't consider. I have been embroidering for a few years on a smaller
machine, and I'm in a position that would be the best time for me to move up -
I was laid off and have several months severance. I have some supplies right
now, and some of the other items covered. I do need to speak with an
accountant to see when would be the best time to purchase the machine, since
it's the end of the year.
The deal that Melco is offering is 0% for 60 months with 15 or 20% down.
The payment would be less than I was spending in gas to get to work. This
comes with the digitizing software, 5000 stock designs, and 4 days training.
I saw the machine yesterday in a store environment, and was impressed. I
already have several jobs waiting if I decide to do this. I think the first
year would be the hardest, since I don't know much about the business side of
things.
Thanks again for your advice. I will keep it in mind when I make my final
decision.
Kathy
----- Original Message -----
From: e3m@xxxxxxx
To: amayausers@xxxxxxxxxxxxx
Sent: Monday, December 03, 2007 12:52 AM
Subject: [amayausers.com] Re: Amaya XT Machine
Kathy,
One item to consider before jumping in with both feet.
If you can buy the machine and software with your own money, this would
be best as you won't have a monthly payment hanging over your head every month
as you get started.
However, for most of us, if you must finance, simple interest loan is
usually preferred.
Remember that the final agreed upon price for your equipment from Melco
will not be all that you'll need to spend. Consider having additional monies
for items such as:
- supplies ( thread, backing, etc....)
- additional hoops ( specialty hoops or otherwise )
- training ( travel to training site, hotel, rental car, etc...)
- hooping assistants ( if you choose )
- peggy stitch eraser
- stock designs
- premium fonts
- dedicated PC and accessories ( printer, scanner, fax, etc...)
- organizational racks or shelves, tables, display racks, etc...
- marketing expenses (business cards, advertisements, phone listings,
etc...)
- inventory ( samples, demos, etc...)
- after 90 days, travel expense if a technician is required ( most
service calls happen within your first year )
- insurance to cover new expensive equipment
- money for all those items you will have to replace since you
accidentally messed them up
- business license
- merchant services so that you can accept credit cards
- business checks
- donations or gimmee's ( also a part of marketing expenses )
- accountants fees for city and state taxes and / or payroll
- more training
These are only a few that come to mind on a late Sunday night.
I agree with Bob, "eyes wide open" theory.
Who is your local tech? Have you met this person yet?
Best of luck to you,
Ed Orantes
504-258-6260
-------------- Original message from "Kathy"
<misox@xxxxxxxxxxxxxxxxxxxxxx>: --------------
> I am new to the list. I am looking at the Amaya XT on Monday, and
would
> like any informaction from people that have that machine.
>
> My plan is to get one machine to start and work out of my home. I
have an
> Bernina with an embroidery unit that I've been doing some side work
with for
> the last few years. I keep turning down work because my machine can
not do
> caps, jacket backs or larger items. Is it possible to get enough work
> without a store front to make a decent living? I know that I will
have to
> go out and find customers, I have a lot of connections with small
business
> owners and plan to work that market. I also have connections with
horse and
> dog clubs as well as local barns.
>
> Thanks in advance.
> Kathy
>
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