Is this idea ridiculous?

[estreya]

Hi, I am in need of some perspective here please.
Husband lost his job recently, I earn enough to cover the bills, food and basics . Husband not working has had a massive impact in our lifestyle but need to admit is great to have him home looking after the kids and the house. No more long shifts and weekends. Never seen him happier.
We have a very limited amount of savings and are considering if we could get a little extra income selling from home. We are thinking pet supplies. Aware of the massive competition, just wondering if would be possible to make 400-500 pounds per month doing this. Idea is to buy wholesale and resell? Is this ridiculous please? Thank you for reading

Write a proper business plan looking at the market, competitors, profit margins, logistics etc then decide if it’s viable.
I know 2 people who started similar businesses in the last 3 years, neither of them made any money and don’t do it anymore

Have you worked out costings? What percentage mark-up will you put on the goods you buy which will still be attractive to your purchasers? You would need to sell a lot of stuff to end up with that much clear profit.

Will you be delivering to local customers? What sort of storage space do you have, and will you be taking orders and then going to buy the goods, or buying the stuff first and then selling it? What about insurance? Are there any restrictions or covenants on your property that would prohibit running a business from home?

Thanks for a answering,really appreciate it. we are in the very early stages, looking at wholesale cost plus delivery, looking at similar articles selling in big selling places and trying to do the maths. Profit is low, you are very right here.
We are lucky enough to have storage but have also a mortgage so will need to check what kind of restrictions are in place.

It isn't so much to do with restrictions due to mortgage, there could be restrictive covenants on the property itself, or local bye-laws. You also need to think about the possibility that you may have to pay business rates, and have professional indemnity or public liability insurance.

What sort of customer will be your target market?