Helpful advice appreciated.... Rep for all good ideas posted! - HotUKDeals
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Helpful advice appreciated.... Rep for all good ideas posted!

TOO-TIGHT-TO-PAY Avatar
6y, 8m agoPosted 6 years, 8 months ago
I want to start my own business, and would appreciate (positive) comments on what might sell well and the best way to go about selling (retail unit/market stall/website etc)... does anyone have any good ideas???

I would particularly like to know where I can get stock from (preferably not dodgy non-uk wholesalers though!)... oh and I do not want to sell tat (returned/refurbished goods).

Please post helpful comments and I will give rep to everyone who posts a good idea!
Other Links From Good Ideas:
TOO-TIGHT-TO-PAY Avatar
6y, 8m agoPosted 6 years, 8 months ago
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#1
there is a mag called trader which lots of wholesalers have ads in might be worth a buy. Depends on what you wanna sell.
1 Like #2
I joined esources, found lots of great wholesalers on there. Have you had any thought on what you want to sell? As most things are covered these days, so guessing you will have to sell at competitive prices
1 Like #3
dont buy the trader its online here .... http://www.thetrader.co.uk/
#4
I dont mind what I sell (as long as its legal), but I would prefer to sell brand new stock and not returned goods. Ideally I would like to sell Video Games, but I have no idea where I can buy new stock from and whether I could buy at prices that would allow me to make a living..

Thanks so far, rep given to all... any more ideas???
banned 1 Like #5
Video games would be hard to make a living with due to big retailers offering huge discounts on new titles for quick turnover and games having a short shelf life
Have you any experience in retail?
1 Like #6
A few questions that might help us all to a solution.

What are your hobbies and interests?
What excites you?
What are you passionate about?

It's far easier to run a business related to something you know and enjoy rather than something you're learning about from scratch. Does it have to be a shop or stall. You might do better with an online businees (it's a lot easier than you'd think).

Let us know.
1 Like #7
http://www.thewholesaleforums.co.uk/

you will find alot of helpful advice here, plus they sell stuff in bulk there aswell to other traders.
#8
whatsThePoint
Video games would be hard to make a living with due to big retailers offering huge discounts on new titles for quick turnover and games having a short shelf life
Have you any experience in retail?


Thanks, I did suspect it would be hard to compete with bigger stores, but in my experience the likes of Game and Gamestation seem much dearer instore than online retailers are, so I had hoped I could maybe start a small shop and at least pricematch the bigger retailers... but I dont know where to get stock from or what sort of mark up there is on new titles.

As for retail experience, I have had supermarket management training and have been a manager at a supermarket, though obviously the store had their own buyers and received stock from their own distribution centres, so I have not formed any good contacts from this (other than reliable workers that may be willing to work for me).

Also, I have previously sold games on ebay quite profitably, but I have got my stock for this from online retailers sales, for example, I have bought PS3 titles for £13 each in a sale and sold them for around £22 each when their sale has ended... though it is difficult to do this now as the competition is immense.
1 Like #9
4leafed
A few questions that might help us all to a solution.

What are your hobbies and interests?
What excites you?
What are you passionate about?

It's far easier to run a business related to something you know and enjoy rather than something you're learning about from scratch. Does it have to be a shop or stall. You might do better with an online businees (it's a lot easier than you'd think).

Let us know.


^^^ This, I don't think you are going to compete with the supermarkets / high street stores. You would be better off with a niche market or items that are hard to get hold of in this country.
#10
4leafed
A few questions that might help us all to a solution.

What are your hobbies and interests?
What excites you?
What are you passionate about?

It's far easier to run a business related to something you know and enjoy rather than something you're learning about from scratch. Does it have to be a shop or stall. You might do better with an online businees (it's a lot easier than you'd think).

Let us know.


Hobbies... Football, Darts, Computers & Video Games would be the main ones

Excites.... Money (I know, its terrible... but I have to be honest!!)

Passionate about... Football, Video Games

I am not looking to get rich, just to make a living, as I just dont enjoy working for others anymore and I want to be my own boss.

I dont mind whether its a shop, stall or online, but online would be my preference as I could pick and choose my hours a bit more. Though I would imagine its difficult to build a reputation as an online retailer from scratch.
#11
khy86
http://www.thewholesaleforums.co.uk/

you will find alot of helpful advice here, plus they sell stuff in bulk there aswell to other traders.


Thanks, I will have a look
#12
I think you have just described most peoples dreams there, unfortunately I bet most ventures into this sort of future rarely leads to success.
#13
greg_68
You would be better off with a niche market or items that are hard to get hold of in this country.


Any specific suggestions?
#14
I'm not being funny but if anyone had the specific answer to your question about a successful business idea that works, makes money and you can make a living out of it then I assume they'd be doing it right now.

I think the fact that you are on here asking tells me you don't have much idea about what to do, how to do it, or where to do it. This tells me that this is just a dream that is highly unlikely to be successful.

You really need to have a passion and drive in a certain item.
banned#15
I used to buy stuff at real auctions and resell on ebay, making anything between £0(if nothing bought) and £3500 a week
#16
What kind of startup capital do you have?
1 Like #17
Generally the advice you will get is do something that you have knowledge of. Everyone thinks games, ipods, mobile phones etc but imho its a product for people with little imagination and because of that you will get tiny profit.

I am sure there is something you are interested in that you can specialise in, past limitations for businesses meant generally their niche was their local audience, now you have a worldwide audience and can concentrate on a small product range.
#18
Thank you to everyone who has posted, I appreciate all your comments.

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