starting your ow tack shop...

ldlp111

Well-Known Member
Joined
6 March 2009
Messages
6,899
Visit site
just out of interesthow much do you think this would cost for stock? and where do you buy it from at wholesale prices? from the manufacturers themselves??:confused:

thanks:)
 
just out of interesthow much do you think this would cost for stock? and where do you buy it from at wholesale prices? from the manufacturers themselves??:confused:

thanks:)

A lot! I know someone who was planning to do it but discovered that BASIC stock would start at £100,000+ The big manufacturers normally won't deal with the small shops - they have minimum order values often well in excess of £5,000! So you have to buy from a wholesaler - who has to add HIS margin onto the manufacturer's cost. And you face enormous competition from the Online shops and E-bayers.
 
Don't do it - I set my own up in 2003 - I put in over £100k of stuff, I had a large sucessful shop - until I got divorced. but then I needed more money to take it online, but the margins were low and I found I was basically providing a shop window for the ebay retailers, who pay no rates, no insurance etc. so I decided it was far more financially sensible to close shop, and clear all my stock on ebay. and it worked. I would not bother again, retailing is a mugs game when people come in check out the stock, find out prices then buy online cheaper and the shops cannot compete.
 
Top