So last week I received samples of my product and they look great! I put a few samples up on Ebay to see what kind of sales I would get out of them yet none of them sold. Brad told me to list them at a higher price just to see if they would sell which is smart because if we had them at a lower price then we would never know how much we could really get for them.
Since none of them sold, the obvious thought is that we need to lower the price we are selling them at. Well, right now we are getting them at too high of a price to lower the price in which we are selling for. So, what I am doing now is I am starting to search non stop for more manufacturers trying to find the cheapest price we can get for this item.
Brad has been a tremendous help throughout all of this, I can't even start to explain what he has done. He is helping me pay for all of these samples, and since most manufacturers require a large order to get a low price per item, Brad had offered to pay since me and him both know we will be making money in the long run.
So as we stand now, I am talking with a few people in China discussing what we can work out as far as how many items I will have to order in order for them to work with us. I will keep you posted when anything happens!
- Mike
Tuesday, March 27, 2007
Tuesday, March 20, 2007
Still figuring everything out....
Hey everyone!
So my product comes tomorrow and I am really excited to see the quality of it. I am still searching other places to see if I can find lower prices as well because the shipping for my particular distributor is a bit expensive. I actually just sent him an email to see if there are other alternatives so I am awaiting his reply.
I also contacted a website designer to see how expensive it would be to build me a site and it was around $400...which i won't be able to afford until my business gets going. I did build a site last week but I am not too pleased with it and me and Brad still need to figure out how we are going to do the whole shopping cart thing...
Right now I get my product for $12.00 + shipping cost which with my sample order added almost $10 a piece...So I am trying to get a $5 profit total on each product I sell so we will have to work some things out.
I actually just received an email from another distributor saying his highest quality is only $7.50/piece so I will start talking to him more about his products! Well thats all the news I have for now. Talk soon.
- Mike
So my product comes tomorrow and I am really excited to see the quality of it. I am still searching other places to see if I can find lower prices as well because the shipping for my particular distributor is a bit expensive. I actually just sent him an email to see if there are other alternatives so I am awaiting his reply.
I also contacted a website designer to see how expensive it would be to build me a site and it was around $400...which i won't be able to afford until my business gets going. I did build a site last week but I am not too pleased with it and me and Brad still need to figure out how we are going to do the whole shopping cart thing...
Right now I get my product for $12.00 + shipping cost which with my sample order added almost $10 a piece...So I am trying to get a $5 profit total on each product I sell so we will have to work some things out.
I actually just received an email from another distributor saying his highest quality is only $7.50/piece so I will start talking to him more about his products! Well thats all the news I have for now. Talk soon.
- Mike
Friday, March 16, 2007
Just Created A Webpage!
Hi again.
So our next step is to build a web page which I know absolutely nothing about...I didn't even know where to go to find a host but I asked a friend for a reference and he recommended www.fortunecityhosting.com so I went there. I thought it was more expensive to have a webpage but it was only $4.99 a month which is not bad at all.
Now I am just waiting for the webpage to process to I can start building it but I got an email saying it will take 24-48 hours before that happens, and it may take longer since it is the weekend now. Oh well...guess I'll just be patient.
In the mean time I am still searching for other distributors to see if there are any cheaper prices even though the people we just bought from are very nice...cheaper prices are always ideal.
I will continue to fill everyone in!
- Mike
So our next step is to build a web page which I know absolutely nothing about...I didn't even know where to go to find a host but I asked a friend for a reference and he recommended www.fortunecityhosting.com so I went there. I thought it was more expensive to have a webpage but it was only $4.99 a month which is not bad at all.
Now I am just waiting for the webpage to process to I can start building it but I got an email saying it will take 24-48 hours before that happens, and it may take longer since it is the weekend now. Oh well...guess I'll just be patient.
In the mean time I am still searching for other distributors to see if there are any cheaper prices even though the people we just bought from are very nice...cheaper prices are always ideal.
I will continue to fill everyone in!
- Mike
Starting My Business
Hi everyone.
Alright I finally have my blog up and ready to go....
So I have been looking to start an online business for some time now but haven't really had the guidance to start it up. I searched and searched for products to sell and couldn't really think of what to sell for months...
I started joining business forums which actually became a great help, people on there have great ideas and are very educated in the business subject. I recommend everyone to join a forum before they try to start any type of venture.
So while I was on that forum I found Brad who seemed to be very informative to everyone's questions and that is why I messaged him asking for help with my new business... After many messages back and forth we both realized each others strengths and how we could help each other. We came up with a product (which is now on the way to my house which I am very excited about receiving), and now we must figure out all the little things such as the price, how we are going to market the product, where we are going to start selling first (maybe build a site, maybe sell on eBay), so we still have a lot of work to do...
I don't have a lot of time to write right now, but I will finish this post in a few hours. I will continue to update you on my business and how successful it is going to be as I am always optimistic! :)
- Mike
Alright I finally have my blog up and ready to go....
So I have been looking to start an online business for some time now but haven't really had the guidance to start it up. I searched and searched for products to sell and couldn't really think of what to sell for months...
I started joining business forums which actually became a great help, people on there have great ideas and are very educated in the business subject. I recommend everyone to join a forum before they try to start any type of venture.
So while I was on that forum I found Brad who seemed to be very informative to everyone's questions and that is why I messaged him asking for help with my new business... After many messages back and forth we both realized each others strengths and how we could help each other. We came up with a product (which is now on the way to my house which I am very excited about receiving), and now we must figure out all the little things such as the price, how we are going to market the product, where we are going to start selling first (maybe build a site, maybe sell on eBay), so we still have a lot of work to do...
I don't have a lot of time to write right now, but I will finish this post in a few hours. I will continue to update you on my business and how successful it is going to be as I am always optimistic! :)
- Mike
Subscribe to:
Posts (Atom)