OUR FINANCES

We are very serious about what we do, and how we do it.

That is why it is important for us to be transparent about where the money goes.
Below, you’ll find the business plan of the first campaign we’ve put into motion to raise 4,500€ for BarcelonActua. 

We are very serious about what we do, and how we do it.

That is why it is important for us to be transparent about where the money goes.
Below, you’ll find the business plan of the first campaign we’ve put into motion to raise
4,500€ for BarcelonActua. 

COST

CONCEPTEXPLANATIONAMOUNT
SocksOur first batch: 1,200 pairs of small Palau Socks and 1,200 pairs of large ones€7.056,00
Samples from factoriesWe ordered samples to make sure our product meets all expectations €971,87
Packaging: bagsYour socks come in a beautiful raw cotton bag you can use for anything you want€835,80
Packaging: cardsYour socks come with a card explaining our mission and helping to spread the love€159,72
PhotographerTo take pictures of our cool socks and help spread the word about them€302,50
Legal & accountantA company that set us up as a legal identity and manages all our tax forms€140,76
TaxThe initial tax we had to pay to create the company (an association)€60,10
Electronic card machineTo be able to take payment of sales that are made in person€80,00
Commission on salesThis is a 2% commission we pay to Shopify for each sale we make on our website (the total amount is if we sell all the socks we have)€304,00
Google SuiteThis tool allows us to produce the socks and communicate with you as effectively as possible (12 months subscription)€179,52
ShopifyThe platform that allows you to get your Palau Socks with one simple click€71,00
GoDaddy DomainWe have our website domain registered with GoDaddy €47,68
Marketing costsTo help us spread the love and achieve our donation goal€500,00
TOTAL€10.708,95

INCOME

CONCEPTEXPLANATIONAMOUNT
Ankle socks400 packs of 3 @ 16€/pack€6.400,00
Long socks400 packs of 3 @ 22€/pack€8.800,00
TOTAL€15.200,00

TOTALS

CONCEPTAMOUNT
Income€15.200,00
Cost€10.708,95
TOTAL TO DONATE€4.491,05

Disclaimer: These numbers are initial estimates as some of our costs will take place post launch, such as our Marketing costs. We also have the cost of shipping that is not included above.