[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 74 KB, 501x502, 2d5du40.jpg [View same] [iqdb] [saucenao] [google]
1495213 No.1495213 [Reply] [Original]

Hey /biz/

I just placed my first large order from a wholesaler in china. I have a plan to open up an online store, as well as have personal sales locally. I know with the right effort I may be able to make the local sales be the bulk of my business at the start. Before the large order I placed a sample order and got 5 products which sold that week. I know its not a lot but considering my product costs 200-300$CAD it isnt bad.

>There is local competition but their prices are too high
>Their products are probably selling for 4 times what they got it for
>I can sell similar or the same products but sell them for a little less. Maybe making 3 times the profit per item.

Is this a good strategy? I plan on getting OEM stuff, a logo and start to build a brand for myself. Is fiverr a good resource for getting a logo and other services to help build my business?

I heard fiverr logo artists have been caught copying trademarked logos and slightly altering them, however I know what my logo is gonna look like so if I draw it out and just send it to some jew in Albania to convert it to a vector file I think it may be a good option.

Sorry for being vague but I am a faggot that thinks his idea is worth so much. Ive got a 5000$ loan and my overall goal is to be self employed.

Can anyone recommend me some resources on e-commerce or whatever other subject may be useful to me? Im 20 and Ive never really cared much about business until a couple months ago when I had the idea.

>> No.1495278

>>1495213
rip

>> No.1495368

Mate I have great hope and wish you the best for your business, you have a really great plan. Unfortunately there's not I can offer to help, but the only advice I can give is to not ask for advice on 4chan. If you want legit advice, ask Reddit, or join an entrepreneur forum. This whole website is an inside joke and full of idiots

>> No.1495381

>>1495213
>>1495213
what product are you selling with such a high profit?

>> No.1495477

>>1495381
taint aroma recyclers

>>1495368
Youre right, thanks

>> No.1495484

>>1495368
>legit advice, ask Reddit

I'm laughing like a hyena right now, top fucking kek. That was a good one

>> No.1495504

>>1495484
honestly reddit and 4chan are on the same level. Im just going to a forum or something.

>> No.1495866
File: 149 KB, 501x585, 1456249178535.jpg [View same] [iqdb] [saucenao] [google]
1495866

>>1495213
Tank you for purrchazing my product. You are so crevar.