My buddy and I came up with a great idea to make some extra cash and work with some great things that we love. But Im not entirely sure how to start... what do I need, its selling things so where do i look to get them from the suppliers.... im not sure realy where to start if anyone can help me with any tips on this, that would be amazing... thank you
2006-09-08 00:54:57 · 3 answers · asked by cflames_fan 2 in Business & Finance ➔ Small Business
Do a search for the product you want to sell, but realize you are getting into a very competitive area and could lose a LOT of money with hard goods.
You might consider selling Digital Information instead and the risk is no longer there. Just write up a pdf report or eBook on your idea and sell it on Ebay.
2006-09-08 01:04:39 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The best routes to take are to research the process of starting a business as well as the industry you're interested in.
I recommend checking out the SBA, Entrepreneur, The Start Up Journal & Nolo. All 4 are great informational resources for the new/small business owner. I posted links for you in the source box.
Research, research, research – this cannot be stressed enough. Read as much as you can. Here are some book titles that are relevant:
* How to Really Start Your Own Business, Fourth Edition by David E. Gumpert
* How to Really Create a Successful Business Plan: Step-by-Step Guide by David E. Gumpert
* What No One Ever Tells You about Starting Your Own Business: Real-Life Start-Up Advice from 101 Successful Entrepreneurs (What No One Ever Tells You About Starting Your Own Business) by Jan Norman
* Business Start-Up Kit by Steven D. Strauss
* Start Your Own Business (Entrepreneur Magazine's Start Up) by Rieva Lesonsky
There are plenty of free informational resources out there. Check the source box for links to articles.
Hope that helps! I wish you much success & happiness in all your ventures!
2006-09-08 10:07:25 · answer #2 · answered by TM Express™ 7 · 0⤊ 0⤋
What Product do you want to sell? It competes with other products? Which one? Any competitive advantage?
What is the price?
What market? baby-boomers, kids, adults
Are you planning to use channels? how?
What media you are going to use to promote the products? Cost?
What region?
Do you have businesss plan? How much you have to sell to get the money that you want, month by month?
What will be your expenses? How much you have to invest?
Do you prepare a marketing plan?
I will start:
1. choosing the product (and all about that!)
2. competitors
3. price
5. invest
4. busines plan
5. marketing plan
2006-09-08 08:40:41 · answer #3 · answered by ab-pty 2 · 0⤊ 0⤋