/biz/ - Business & Finance

[Anonymous No.823824]

So /biz/. 19 year old here. Entrepreneur wannabe. I think I have an idea on how to make some serious money and become a part of something that could turn big.

Went to high school with some good friends, one was even a best friend. Drifted a bit but still kept positive relationships with these individuals. These same people, about the same age as me are trying to start up their own clothing line. They have a very nice classy sounding name that ranks up their with Volcom, Vans, DC, Obey etc, and have sold out the majority of their clothing products. The clothes is the type that gets sold at PacSun, Zumies, Buckle, etc. They already have a website as well that looks very professional. They currently are promoting the brand at three separate universities, very big ones all in Texas. I also am attending university with 15,000 students (private) and could help promote it there.

I think what they lack are funds however since they only have one product for sale. I currently work and run a laptop selling business out of home. With these two sources of income, I'm making about $1,800 to $2,200 a month. I want to invest in these guys and help them produce more clothes and products. Is this a good idea or just terrible? I know its very vague but I didn't want to explain everything in the first post.

[Anonymous No.823829]

The venture will probably fail and you'll lose all your money.

I think you should go for it.

[Anonymous No.823830]

>>823829
>What is business without financial risk?

[Anonymous No.823833]

>>823824

Hit the right demographics and you will do very well. Personally I think that the market for that demographic is pretty crowded but with the right product placement it can be a huge success.

[Anonymous No.823836]

>>823824
>classy sounding name
>Volcom, Vans, DC, Obey

[Anonymous No.823839]

>>823829

this

always good to learn

[Anonymous No.823843]

>>823833
>>823833
That is the part that worries me, the market of these demographics. I do feel some of these brands are getting worn out though and that could open up some space for the acceptance of some new brands. I was hoping that with enough financial backing, they could expand into jeans, shorts, and even watches.

Thanks for the reply.

[Anonymous No.823846]

>>823836
Perhaps not classy... I didn't know how to word it exactly. But I mean simple names that instantly resonate and evoke a sort of image associated with youth and quality.

[Anonymous No.823855]

>>823824
>trading in clothes

wow, what a fantastic new idea! I'm lovin' it, annon - just be yourself!!!

[Anonymous No.823858]

>>823855

>>just be yourself!!!
this is /biz/ to make money; we don't care how we do, we just want to.


The clothes is not the point; it's whether an investment into the brand would yield success and positive results. That is my ultimate concern.

[Anonymous No.823861]

>>823824

1) Your horrible grammar shows me that you're not very intelligent

2) You are at the poverty line yourself. You cannot afford to invest in them

3) Investing in a friend's business is a text book example of stupid shit you never do.

4) Everything you've said so far points to the business failing and you losing money.

[Anonymous No.823871]

>>823861
>concerned with perfect grammar on an anonymous board.
Kill yourself.

>What is living off the bare necessities and using the rest to invest?
>No longer friends; simply acquaintances.

[Anonymous No.823877]

>>823871

>Can't even communicate properly and wants to market a product to ~15k people
>Can't even support himself and wants to invest in a dime a dozen business with people he barely knows

On second thought OP, just ignore all my advice and just do it. Take out a big ass loan if needed

[Anonymous No.823912]

>>823877
Lol, there is already a base of about 100,000 to sell to and promote to with just the three schools these guys are currently promoting to.

[Anonymous No.823915]

>>823912

Why are you on a Cambodian Carpet Weaving Hentai Trading Card Forum then

Go take out a payday loan and go all in with them.

[Anonymous No.823916]

>>823915
Don't joke about that. It'll be a thread in a couple days.

[Anonymous No.823949]

>>823824
you should try meth

[Anonymous No.823954]

How many shirts have they sold?

How much does each shirt cost, and what do they sell for?

How many can they sell in a week, a month, a year?

Have their numbers been consistently increasing?

Where did they get their money to originally start?

How much have they invested out of their own money into the venture?

How much per month out of your $1800 - $2200 do you plan on investing? Do you have any large piggy bank right now?

These are all questions you need to answer to us before we can actually help you out in a meaningful way.

The thing you're posing to us now is if we should give you the thumbs up to invest in a business we know nothing about and that you won't tell us about.

You're on 4chan, you have access to hundreds of thousands of readers and you choose to keep the business name private? Why not actually share it with us?

[Anonymous No.824309]

>>823824
market's already saturated
there are no new trends to pull either that are on the visible horizon

tldr its a meme startup fantasy

[Anonymous No.824310]

>>823824
>$2000
>laptop selling business
ayy

[Anonymous No.824316]

>>823954
This, please answer OP, I'm curious as well.

If you get a general idea about their finances, that'd be good in helping you decide whether it's good to invest in them or not.

[Anonymous No.824525]

>>823912

There is already a base of about 200 million people in USA

Its basicly a buffet of customers desiring your very product, just out of the sheer volume of their people.
Disregard all logic, and the fact that being 19, makes everything look like a sure thing, and do it.

Invest all money in your pals, even help them set up bitcoin investments.

[Anonymous No.824545]

If they're just selling shirts right now and doing well, then getting into "jeans, shorts, or even watches" is a very different business.

Unlike the negative nancies on this board, I think if you do this right, you could succeed. But the first and more important thing is that you don't need to massively expand your product base. You need to be focused and direct. There's a food truck craze right now, right? Restaurants making money are focused on smaller menus that do fewer things exceptionally well. Quality, uniqueness, etc. are all important. otherwise you'll get lost in the shuffle. You know what's offputting? Walking into a restaurant that has everything and the kitchen sink that's offered, you get overwhelmed, and people aren't going to spend all day looking for something, and then they will normally order the same three things anyways.

So expand, invest in expansion, but keep it niche, specific, and what you're interested in. Watches? FUCK no. Luxury item and the only ones who wear 'em anymore aren't going to want a shit ass indie watch unless that's your main focus and it's super badass. Jeans? NO. Jeans are a staple, can be found anywhere, and when people get loyal to a brand that's fashionable, they stay loyal. Shorts? Maybe. Depends on the fabric and if it ties in with the shirts. Shirts? I'm assuming this is what they are doing. Stick with that. Expand wisely. Keep in the same vein and put out powerful and popular decisions and you will continue to go places.

[Anonymous No.825169]

>>823954
>>824316
>>824545
Each shirt sells from $15.00 to $25.00. There are currently about 4 designs (All shirts are currently sold out on their site) with a beanie hat. Within 3 days, they sold 80 shirts which was 1 of two shipments.
As far as total sales so far, I am unsure. I have no way to retrieve this data until I get into contact with them which shouldn't be a problem. Each shirts cost, I am unsure. As far as their money to start this, I imagine their parents/their own work.
On a monthly, I'd be willing to invest $1,200 at the minimum if this is worth it and live off a minimum of $600.

>>824545
Thanks man; I think that's really good advice. Are hats and T's okay or is that a no go? Should only be shirts?

>>824310
I make about $800 profit at minimum a month and most of it goes into purchasing more laptops/parts. I think for a 19 year old currently on Summer break from Uni, $2000 ain't too bad. Idk, obviously everyone here has all the life experience needed.

[Abdullah No.825316]

If you need a graphic designer hit me up l

[Anonymous No.825324]

>>823824

Everybody and their fucking mother has ideas for clothing lines. I can't tell you how many different individuals I've spoken with who all want to enter the clothing industry.

It is and especially common idea for kids around your age.

Take these pieces of information and ask yourself, "do i really want to invest in the same fucking concept that millions before me and millions after me will attempt?"

No. Its a bad idea. Nobody at your university will want to try out your clothing line because they will undoubtedly be busy trying to promote their own. It's an unoriginal, played-out idea with massive amounts of competition. You will probably have better luck investing in a new dish soap startup. At least that's an idea not everyone around the age of 18-25 is trying to pursue.

[Anonymous No.825405]

>>823824
Tell me how you "sell business from home".

[Anonymous No.825418]

>>825405
Craigslist, Ebay, on average, I'll invest a total of $40 on a laptop. Most of the time, people need cash very fast or lose a charger etc. Just tell them bullshit, get it very cheap, resell high.

i.e. the other day I bought a Toshiba without a charger or battery for $20, The parts cost me $20 in total (for the new battery and charger): sold it for cash at $180.

>>825324
Will take that into consideration, thank you.

>>825316
>Abdullah
You my roommate?

[Anonymous No.825423]

>>825418
edit: The investments range but the point is, I'm making $100 at the minimum profit per $20 - $100 investments.