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We are all thinking about money
The current Covid-19 crisis has impacted our customers greatly, limiting their ability to socialize with others. On the bright side, a lot more quilting and longarming is getting done. Unfortunately the economy is also hitting our savings and our income. MK Quilts has been blessed to have so many people join our MK Quilts University community.
As part of our small business content, we are having webinars and are sharing our experiences with the community. The Financing webinar being presented tomorrow is open to everyone. The recording will be posted. Come and ask questions live. It is not only for those thinking about buying a new machine, but also those wanting to learn more about tax implications. If you take any money for doing longarming, you are a small business. Are you taking advantage of the tax benefits?
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Carrie Radloff has worked with Red Thread Financial Group for many years and has helped MK Quilts finance some of the earlier longarms. "There is no such thing as free money." - has been how MK Quilts likes to discuss financing. The 0% interest deals incur a risk of a very high interest rate if you miss a payment, and in many cases require the retailer to inflate the price to cover the 12%+ fee they may have to pay.
Red Thread Financial Group does not play these games. They do not have one option, they have many options for financing so that you can get the best rate. Of course MK Quilts would love to sell you your next machine. Used machine sales have increased due to new people wanting to learn longarming while they have to stay home. The new machine prices have dropped.
There will not be any hard sales on this webinar. We will talk about the real cost of buying a longarm and the tax benefits of longarming for others. Your passion for quilting can make you money instead of costing you money. Please join us for the webinar.
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