So I finally decided that I’m going to open a small online store selling things that would be useful in the dorm rooms. I’m working on a list of items right now, and now I need to find vendors. This will not be fun, but it’s necessary. I figure the people I’m targeting with this blog would be likely to buy some of these things, and since I’ll be going for low margin high turnover (VERY risky for a small business) I’ll need to get word out. However, with low overhead, I won’t be out too fast if it fails, since I’m not paying any sort of monthly fee. My goal is to make $5 in the first month, $20 in the second month, and $60 in the third. I think this is all plausible, and that’s profit numbers.
Any tips? Anyone out there know a good way to find vendors. I know Neville from his financial blog has houseofrave.com and he doesn’t even keep most of that stuff in stock, just handles the orders. Maybe I’ll try to ask him how he got his vendors in line. Ha, he runs one of the most popular financial blogs out there, and I want him to answer my question…think he’ll respond.
Well that’s all for now, just wanted to let everyone know what I’m up to. Short one. Hopefully next time I post I’ll have some sort of store going.