I have been browsing this reddit and one advice which I get from the people is doing existing businesses better. Buying low and selling high of consumer goods is one thing that a lot of people do. Do you think this has the potential to grow?
I have been browsing this reddit and one advice which I get from the people is doing existing businesses better. Buying low and selling high of consumer goods is one thing that a lot of people do. Do you think this has the potential to grow?
Stores do well because large companies and suppliers give brick and mortar better options.
I’ve been trying to sell electronics and if I had a brick and mortar store I wouldn’t have to sink tens of thousands into inventory in advance, provide website data and analysis. If you want to sell a variety of name brand electronics youre pretty much forced into following the rules of the suppliers. In most cases, the companies that sell the big brands will stipulate that drop shippers are excluded from membership considerations. Drone companies want stats OR pics of your store. See the difference?
I could sell lenovo or dell if I spent about 30k in inventory in advance, OR I register my location as a warranty service/reseller depot or join lenovos “reseller program”
Totally different rules.
When I tried to open a toy store. 9 out of ten suppliers would not even sell you anything unless you had both retail and web.
I couldn’t sell toys. Not cheaply derrived from the original source. But through selling groups and warehouse pallets with crappy name brands.
Still working on it though. That’s just my .02 cents.