How to start up business

Flyonthewall

Percy1983 wrote: »

The question is why they don't want to collect to which I can think of 3 reasons.

1, As you say they don't want to visit somebodies house.

2, Its too far away.

3, There is others willing to post the same items.

Your shop idea only covers 1 of the 3.

1. Yes
2. Well, to some people obviously. To more local people, it's worth traveling a little further to a shop than a house for one item. More items to look at and other shops nearby (because if I get a shop at any point I will want it near other shops).
3. Yeah. Although some items are more likely to be bought when you can see the item and touch them (and before agreeing to buy like with a collection). And some people do just prefer shopping instore.

Flyonthewall

"IF it truly is a viable business - then rather than sitting on your hands and saying 'i cant' you need to get over some of those hurdles above OR go and get yourself a regular job."

"Yup, just do it."

I'm looking into everything and thinking about all the little details. It's called planning - what you've all been telling me to do! I'm not saying I can't, I'm saying it's not currently possible and I'm working on it.

If I could get a regular job I would. I'm trying! It's not that easy to get work and so creating a business is another option I'm looking into while job searching.

motorguy

Flyonthewall wrote: »

(a) I know. That's why I asked the question in hope of some grants out there
(b) I'm not going through that again. If they're big businesses, they sell in bulk, cheaper postage, works for them.
(c) I said I believe market stalls cost quite a bit, but it's worth considering
(d) I wouldn't have to store elsewhere with a shop which was my original hope
(e) Again, that's why I was hoping for grants
(f) No, they just have no money or have things they wish to save up for themselves
(g) No, it suggests they don't have money to spare either which they don't
(h) I can't get a bank loan because I have nothing to offer in terms of property. Banks like a guarantee such as a house.

I rest my case.

motorguy

Flyonthewall wrote: »

I'm looking into everything and thinking about all the little details. It's called planning

Planning implies you've got a viable business idea. IF, in todays bleak retail climate, your only *hope* is to open a retail unit as you cant afford the postage then you seriously havent got a viable business idea.

And whats with the 'oh i'm not telling anyone on here what my idea is'? Do you really think we're all going to jack in our jobs and move to your town just to open a retail unit ahead of you? Is your idea really THAT good?

Flyonthewall

motorguy wrote: »

Planning implies you've got a viable business idea. IF, in todays bleak retail climate, your only *hope* is to open a retail unit as you cant afford the postage then you seriously havent got a viable business idea.

And whats with the 'oh i'm not telling anyone on here what my idea is'? Do you really think we're all going to jack in our jobs and move to your town just to open a retail unit ahead of you? Is your idea really THAT good?

Planning implies that I have some ideas that I'm writing down in order to plan out what can and can't be done. Planning doesn't mean I have a full written out business plan for a viable business, it just means I'm trying to get my thoughts and research down. But if you want to see it like that then fine, I'm researching and have a load of research written out.

lol!!! No. I already told you it's nothing amazing. Am I not allowed to want to have a product I like and that I don't want to go yelling about on a forum? It's just something I'd like to sell, no one needs to know what it is and so there's no point in mentioning it.

You know what, I'm tempted to tell you it is really amazing. I'd actually rather like you to all pack in your jobs, come here and open up your own shops and market stalls with the items. More competition means you'll all be competing to get the lowest price.

Much as I would like to sell them myself, there's a number of items I'd want myself so with others selling them I could get all the ones I wanted cheaply. Plus if any of you needed to employ someone to help out I could do the job I want without the worry and effort of running a business.

fishybusiness

lol!!! No. I already told you it's nothing amazing. Am I not allowed to want to have a product I like and that I don't want to go yelling about on a forum? It's just something I'd like to sell, no one needs to know what it is and so there's no point in mentioning it

Fair enough.

Bottom line, how much can you buy it (them) for, what do you think you can sell for, and how many units do you think you can sell per week?

Work that out for a year.

Retail outlet costs, say £6k for a small rented outlet, £1k insurances, £1k bills, £ 1/2 k phone, £10k wages (perhaps not first year). Total ish £18k, less if you don't take a wage.

That's profit of about £900 a week, so sales at what, say £1.5 to £1.5k a week.

That's some going for a startup, and that is the reality of a retail unit - its all about the numbers and the margins, simples.

What do your figures look like?

Flyonthewall

fishybusiness wrote: »

Fair enough.

Bottom line, how much can you buy it (them) for, what do you think you can sell for, and how many units do you think you can sell per week?

Work that out for a year.

Retail outlet costs, say £6k for a small rented outlet, £1k insurances, £1k bills, £ 1/2 k phone, £10k wages (perhaps not first year). Total ish £18k, less if you don't take a wage.

That's profit of about £900 a week, so sales at what, say £1.5 to £1.5k a week.

That's some going for a startup, and that is the reality of a retail unit - its all about the numbers and the margins, simples.

What do your figures look like?

They look like invisible numbers with a £ infront.

I know the type of item I want to sell, I know the rough prices of some, but overall I don't know exactly which I'd buy, how many I'd buy, I've yet to find the best place to buy them and so don't know exact buying costs and, for a shop, how much I sell would depend partly on where it is located.

Thanks for the startup figures. However, I am still researching everything so I don't have exact figures or even rough figures.

kittiej

What about the 'pop up shop' concept if you are intent on selling from premises. I don't know too much about it but looking on the internet should throw some clues up.

Some businesses don't actually work as internet options only and it would be worth having a bricks and clicks approach so you would need to build your online customers through your pop up shop.

Face to face selling is the most successful way to sell and online sales have to factor in higher returns.

(People buy from people they like so great customer service is really important )

Flyonthewall

kittiej wrote: »

What about the 'pop up shop' concept if you are intent on selling from premises. I don't know too much about it but looking on the internet should throw some clues up.

Some businesses don't actually work as internet options only and it would be worth having a bricks and clicks approach so you would need to build your online customers through your pop up shop.

Face to face selling is the most successful way to sell and online sales have to factor in higher returns.

(People buy from people they like so great customer service is really important )

Thanks. I'm going to look into that option.

I agree

kittiej

Here's a link, quite interesting.

http://uk.search.yahoo.com/r/_ylt=A7x9QbwyVtlRVQkA62xLBQx.;_ylu=X3oDMTE1YjFydjh1BHNlYwNzcgRwb3MDNwRjb2xvA2lyZAR2dGlkA01TWVVLMDJfNzU-/SIG=13sb9q533/EXP=1373226674/**http%3a//www.telegraph.co.uk/finance/yourbusiness/9416505/Pop-up-shops-set-to-revitalise-high-streets.html