Long time member but recently NC. Just fancied a change.
In a nutshell: I have a business idea and I've looked and looked but there's currently no website dedicated to selling this particular item. (This could be good, this could also be very bad!)
I have a personal love for 'xxxx', and I ran out the other day. I thought to myself, "I know! I'll buy some of those big wholesale packs then that way I'll not run out for ages".
Then I was musing that if I bought that much in, it'd be entirely possible for me to sell some. So I looked online and, whilst there are plenty of websites that sell these things, there is no actual singular website as of yet dedicated to "all things xxxxx" housed and sold in one convenient estore. (Think along the lines of all things handkerchiefs, or all the different types of Christmas candycanes from around the world, or all different types of pretzels, or different types of enamel badges from around the world - this type of theme)
It's definitely something that many, many people use every day or nearly every day, its a very popular type of item.
I'm waffling, sorry.
So my idea is to have a website/e-shop. My items aren't bulky, so all orders will conveniently fit through the letterbox. I'd need a logo, website and packaging label designed for me. I don't need to 'make' anything, or craft anything etc, I'm looking at it simplisticly, ie fulfilling orders by taking from the wholesale pack and putting inside an envelope box and sending off. (I know I know! Don't flame me, it's way more than this!)
I've no business experience or entrepreneurial skills, so I need all the help I can get. Where can I access support? I'm approaching this as realistically as possible - I know it'll not make money for a long while and I will start small and humble.
I want to do this because I want to try my hand at something that is new territory. I want to try this because it feels exciting to. I want to try this because I want to work from home but I know my physical and mental limitations.
As of yet the only thing I've done so far is register the web domain and I've drawn up an extremely crude business plan.
I'll be financing this myself...actually, the items aren't 'that' expensive to buy wholesale (not expensive to buy and not that much to sell RRP, either). The main costs I assume are paying for the designs of the estore and logo, the cost of packaging materials, the cost of customised labels and....? What have I not considered?
I have storage space in the garage which is dark and cool and clean.
My real worry is when to register for VAT and how it'll effect my benefits once I do so. I don't know how to work acounts and I don't know how to work taxes. So this is exactly what I mean by "I need support!"
I'm almost physically housebound and I have little social media presence (Ooof I sound like a lost cause!) How do I go about market research? Or do you think it's not absolutely necessary?
The main expense will be paying for a logo and website. When should I consider looking for someone to do this?
As I've mentioned, I've a rough and crude business plan - which is really just my musings and intentions and who to target to - and no business skills. I've paid for a web domain and I have an intended name for my website once I get round to commissioning someone to design it for me. What is realistically the next step?
I have two pre school DC but I will fit as much as possible around them.
So sorry to waffle on again but I wanted to put as much relevant information as possible in my OP. Just for convenience, really.
Thanks all.
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Starting a little something with zero business experience.
45 replies
ASlabOfBattenburg · 06/02/2020 18:49
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