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Business idea for a Website - Help and advice! :)

princesspeanut Avatar
5y, 10m agoPosted 5 years, 10 months ago
Hi Guys and Gals,

Hubby and I have come up with an idea for an online business that would have a similar set up to Play.com Play Trade part of their business, where users register and sell there unwanted products. Does anyone know how much a website like this would cost to set up? Hubby has a basic understanding of FrontPage; however he says this would be over his head!

Ideally users would register sell their items and the money is held and paid via BACS or cheques sent etc.

Any help and advice would be greatly appreciated.

Sara x
princesspeanut Avatar
5y, 10m agoPosted 5 years, 10 months ago
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[mod]#1
Don't want to sound negative but their are literally tons of websites like this and eBay is the juggernaut that stops them all being a success. There is no money to be made in it as if you charge they'll go elsewhere with a bigger audience.
#2
Syzable
Don't want to sound negative


Reported for sounding negative.
#3
Syzable
Don't want to sound negative but their are literally tons of websites like this and eBay is the juggernaut that stops them all being a success. There is no money to be made in it as if you charge they'll go elsewhere with a bigger audience.

totally agree,unfortunately op,you may as well just forget it now,before you spend time and money on it-many have tried,many have failed-its not an original idea and people will stick with the established sites-if you seriously think you can take on ebay/play/amazon then my friendly advice to you is to stop now before this drags you down. You might as well burn your money than set up a website,pay server costs etc.
#4
Awww guys, The set up would be similar to Play Trade but it would by a niche market! we have looked into it and nobody is doing it, Any idea on the costs of setting up such a website? ballpark figures are fine! lol
[mod]#5
princesspeanut
Awww guys, The set up would be similar to Play Trade but it would by a niche market! we have looked into it and nobody is doing it, Any idea on the costs of setting up such a website? ballpark figures are fine! lol


I really don't know........but i'd say the legal side will cost a fortune to ensure that you are not liable for scammers etc.

Web hosting and things can be dirt cheap but getting a professional to design the website would i imagine be thousands if you want a really professional job.
banned 1 Like #6
whatsThePoint
princesspeanut
Awww guys, The set up would be similar to Play Trade but it would by a niche market! we have looked into it and nobody is doing it, Any idea on the costs of setting up such a website? ballpark figures are fine! lol


If no one is doing it, as soon as someone from a bigger company see's you doing it as a success they will do it bigger and better


no point anyone ever starting a business then? Who did facebook bigger and better?
#7
Thank you colinsunderland!

If its going to cost lots and lots and lots of money we will just have to think of a different way of approaching things. I just need a rough idea of costs
#8
whatsThePoint
princesspeanut
Awww guys, The set up would be similar to Play Trade but it would by a niche market! we have looked into it and nobody is doing it, Any idea on the costs of setting up such a website? ballpark figures are fine! lol


If no one is doing it, as soon as someone from a bigger company see's you doing it as a success they will do it bigger and better


Exactly, if there's money to be made on it then ebay will add it as a category and you'll just make a loss. Everyone looks on ebay for stuff so everyone sells their stuff on ebay, ain't never gonna change!

I'd hazard a guess that the thing you're thinking about ain't meant to be sold. Not vouchers or something you can't post is it?
#9
Benjimoron
whatsThePoint
princesspeanut
Awww guys, The set up would be similar to Play Trade but it would by a niche market! we have looked into it and nobody is doing it, Any idea on the costs of setting up such a website? ballpark figures are fine! lol
If no one is doing it, as soon as someone from a bigger company see's you doing it as a success they will do it bigger and better
Exactly, if there's money to be made on it then ebay will add it as a category and you'll just make a loss. Everyone looks on ebay for stuff so everyone sells their stuff on ebay, ain't never gonna change!I'd hazard a guess that the thing you're thinking about ain't meant to be sold. Not vouchers or something you can't post is it?

It can deffo be sold, not illegal, not vouchers, just a niche market x
#10
Give the OP a break will ya, you have no idea what they are trying to do they just want some advice on how to set it up. if it fails that is their lookout. Just because no one else does it doesn't mean it will not be successful.

Can see why people are siitting on misc all day with drive like that.

OP next time you have a question don't give any details as the members on here are only too willing to rip it to shreds.
1 Like #11
Custom websites are not cheap, for example an Estate Agent's website is between £2000 - £6000, which is kinda similar to a PlayTrade layout with search function etc, then you need hosting, some kind of payment method (Maybe just use Paypal?), and then for traffic you could approach newspapers, magazines, your local leaflet (if you have one) etc, and of course name is important.

That's all I know on this subject, but hope it helps. :)

Edited By: Wotwot123 on Jan 11, 2011 12:28
#12
as above, you would be looking at a hefty set up cost.
#13
princesspeanut
Benjimoron
whatsThePoint
princesspeanut
Awww guys, The set up would be similar to Play Trade but it would by a niche market! we have looked into it and nobody is doing it, Any idea on the costs of setting up such a website? ballpark figures are fine! lol
If no one is doing it, as soon as someone from a bigger company see's you doing it as a success they will do it bigger and better
Exactly, if there's money to be made on it then ebay will add it as a category and you'll just make a loss. Everyone looks on ebay for stuff so everyone sells their stuff on ebay, ain't never gonna change!I'd hazard a guess that the thing you're thinking about ain't meant to be sold. Not vouchers or something you can't post is it?


It can deffo be sold, not illegal, not vouchers, just a niche market x


So why won't ebay add it the day after you launch and take 100% of the market share?? They've got the infrastructure already, will cost them pennies to add it. Not trying to be negative, but if there ain't a good reason why ebay won't copy it then it ain't gonna work. Sorry.

Edited By: Benjimoron on Jan 11, 2011 12:34
#14
some fair points and some not so. I dont know how much the web development will be but good luck
banned 1 Like #15
Set up cost are the least of your worries...the marketing cost will be the real financial burden.
#16
slamdunkin
Set up cost are the least of your worries...the marketing cost will be the real financial burden.


Yep, you'll need to advertise to millions in order to find the people into this niche thing.
2 Likes #17
colinsunderland
no point anyone ever starting a business then? Who did facebook bigger and better?


Dating sites? ;)


On the subject of selling niches, have you investigated/surveyed a cross-section of the population to see what kind of take-up you would attract in a specialised marketplace, princesspeanut?

Why not start relatively small & look for some form of web site hosting organisation that offers a pre-built solution, or the option to install a customisable forum (arguably like, or not like, the one we are currently using) & establish a name for yourselves in the market before somebody else does.

You can then work on a presence more suitable to your needs, or that will be formed from what you learn initially, as interest is gained. However, it is important to not start without any idea of what you need to achieve, what your future site may look like, &/or without any plans that cannot be implemented in the immediate to short term as you will lose your audience as soon as you have gained it & by their word-of-mouth it may mean you never re-gain that ground.

(Surveying a potential audience, though, may pre-empt competition for other parties, so you will have devote some of your time & certainly some of your money to the project in advance so that you are in a better placed position to proceed quickly if you do establish the venture is worth pursuing. However, if you determine that the initial numbers of those interested in such a service would not make it worth your while, you either need to change/wider the audience to see if the first test subjects are skewing the results, or be prepared to park the idea for the time being or, unfortunately, for good).

Also, finding the "right" name & protecting this is, nowadays, just as important as recognising there is a need for the service you are providing. If your rights to the name/idea are not protected, then you may find an established organisation create a similar marketplace & simply add their own name. Instantly the idea you cultivated is recognisable & associated with the 'household name' & the more fickle customers move their allegiance to a brand or name that they associate with or value due to previous transactions/experience. Depending on what you are offfering to the general public you will certainly need the use of a solicitor to protect your interests & to ensure nobody else can copy it wholesale for their own purposes.

I know you mentioned nobody else is offering such a service at present, but is there any other similar services that you can share the resources of (whether this be web site presence, payment arrangements, running costs, or even customer base)?

Perhaps you can approach some similar ventures & have informal discussions to see what costs could be shared & what you may need to fund yourselves.

You will then be better placed to understand if you can afford to proceed at this time, or whether you may need the backing of family, friends, or outside investors.

BFN,

fp.
#18
Thanks for all your advice so far guys. Everyone seems to be looking at it on a huge scale, Im just looking at something similar for a niche market, not something to rival either play, amazon or ebay. Just wanted to know how much it would be for a similar set up on a much, much, much smaller scale :)
banned#19
Start writing a business plan and your local business link can offer some good advice and put you in touch with some other start ups that maybe useful to you.

You can also visit the UK business forum for advice regarding ecommerce....much more appropriate than a shopping forum.
#20
princesspeanut
Thanks for all your advice so far guys. Everyone seems to be looking at it on a huge scale, Im just looking at something similar for a niche market, not something to rival either play, amazon or ebay. Just wanted to know how much it would be for a similar set up on a much, much, much smaller scale :)


Some costs may be the same. Some costs would be less. Some may be more (because you cannot negotiate savings due to bulk transactions).

If you want a better understanding of the costs involved, we're probably going to need more information about what you want to do (not just "niche market" references), but I appreciate this will harm your business if you divulge that information.

slamdunkin's suggestion seems the most appropriate.

BFN,

fp.
#21
fanpages
princesspeanut
Thanks for all your advice so far guys. Everyone seems to be looking at it on a huge scale, Im just looking at something similar for a niche market, not something to rival either play, amazon or ebay. Just wanted to know how much it would be for a similar set up on a much, much, much smaller scale :)
Some costs may be the same. Some costs would be less. Some may be more (because you cannot negotiate savings due to bulk transactions).If you want a better understanding of the costs involved, we're probably going to need more information about what you want to do (not just "niche market" references), but I appreciate this will harm your business if you divulge that information.slamdunkin's suggestion seems the most appropriate.BFN,fp.


Hi fanpages, The premice of the website is for users to sell there items, these items will be displayed similar to playtrade with the lowest price at the top, with a description of the condition etc. If the buyer then buys the product I/we would send an email to the seller and release the funds either via paypal, cheque etc minus a small percentage for hosting the item/finders fee. This is why I keep referingto playtrade as an example, the idea is identical just selling this nihce products.
#22
princesspeanut
Hi fanpages, The premice of the website is for users to sell there items, these items will be displayed similar to playtrade with the lowest price at the top, with a description of the condition etc. If the buyer then buys the product I/we would send an email to the seller and release the funds either via paypal, cheque etc minus a small percentage for hosting the item/finders fee. This is why I keep referingto playtrade as an example, the idea is identical just selling this nihce products.


So you mean an Escrow service (like eBay used to suggest using) coupled with a classifieds listings site that the customers pay a fee to place advertisement.

Again, sorry to sound negative, but I am not seeing a unique feature here to justify the fact that nobody else is operating a similar service.

Am I missing something obvious? Are the classified advertisements tailored towards a specific market sector?

BFN,

fp.
banned#23
You don't really have much to loose telling us what the niche is....you'll need to tell loads of people in order to get this off the ground.
#24
Am I missing something obvious? Are the classified advertisements tailored towards a specific market sector?

Yes specfic, Ebay does sel the items but their lost in the mass of adverts the idea is to build a website dedicated to the specific audience
banned#25
yeah we get that....but what is your USP and why would sellers and buyers want to use you when they already have existing sites to do so....unless you already have a marketing structure that you can do cross promotion with.....how are you going to let this niche know you exist with a low start up budget.



Edited By: slamdunkin on Jan 11, 2011 14:00
#26
princesspeanut
Am I missing something obvious? Are the classified advertisements tailored towards a specific market sector?

Yes specfic, Ebay does sel the items but their lost in the mass of adverts the idea is to build a website dedicated to the specific audience


Ebay has categories and a search function you know. Everything would be lost within all the other items if there wasn't.

Tell us the idea, as others have said, you'll need to tell millions to get it going anywayz.
#27
Try yell.com for bespoke web designers. I would imagine around the £1000+ mark depending on what precisely needs setting up.
banned#28
This sort of site will need constantly updating and routine maintenance and full time SEO....£1000 want even touch it.
#29
I'm out !!!
#30
princesspeanut
Am I missing something obvious? Are the classified advertisements tailored towards a specific market sector?

Yes specfic, Ebay does sel the items but their lost in the mass of adverts the idea is to build a website dedicated to the specific audience


I just read that again, it's already on ebay??? Best of luck then!

If it is, I'm joining Bannatyne above!

Edited By: Benjimoron on Jan 11, 2011 15:25: a
banned#31
whatsThePoint
colinsunderland
whatsThePoint
princesspeanut
Awww guys, The set up would be similar to Play Trade but it would by a niche market! we have looked into it and nobody is doing it, Any idea on the costs of setting up such a website? ballpark figures are fine! lol
If no one is doing it, as soon as someone from a bigger company see's you doing it as a success they will do it bigger and better
no point anyone ever starting a business then? Who did facebook bigger and better?


I was just quoting what they always say on dragons den, mind you compared to you its not as if they know anything about business ;)


I wouldn't know, I don't watch it, and I have a successful business thank you, selling stuff that is available all over the place. Funny how Boots haven't shut me down yet (even though they sell the same products).
#32
Go on dragons den

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