Request for Question Clarification by
alienintelligence-ga
on
08 Apr 2005 18:01 PDT
Hi mikedynamite,
Working backwards on your questions,
3) It's not a bad idea... but, are your
funds going to have to cover inventory AND
rent (as well as incidentals)?
2) I am sure you already know the answer to
this one. Risks, you lose everything invested.
Rewards, you make a profit. Oversimplified
but accurate.
1) That is a tough question. What 'type' of
items are you looking to sell? You will have
to nail that one down to a narrow range or
scope of items. Next, I am sure all of us
would like to predict the next Tickle me
Elmo, but it is not that easy. The markets
are fickle and while you might have the
next Razor scooter, you could easily be
overshadowed at the last moment by an item
that is "more interesting". What is worse,
you could jump on the bandwagon early and
end up with a product that is fundamentally
flawed or have unknown issues that ends up
in litigation.
Something you might consider in the meantime,
and it requires very little startup costs...
Try ebaying. Or selling on Craigslist. It
would be a great way to see what sells to
a large customer base. You can also see if
you are up to selling piece goods.
let us know,
-AI