Posted on: 06th Sep, 2007 09:01 pm
In another thread, I asked if I could have permission to post a "few" details about my business in hopes of maybe securing an investor on here. Brian, has given me the go ahead so long as I don't post any website related to my business as that would go against forum regulations so here goes:
As some of you may know last year I made $19k on eBay and I'm looking to build from that. Now this venture is not strictly for just the internet. I also want to start selling locally as well. Of course this would be run out of my home for the time being. I'm located between 2 towns and we get medium traffic where I live. Its not going to stop with just selling computers either. I'm also looking to sell other electronics such as Playstation 2's or Nintendo Wii's and SNES, NES, and games. Some new and some used.
Selling computers, for example, used desktop computers that are no more than 4 months old can be upgraded with the latest hardware and can be sold for a fair price online and offline. Refurbished electronics are the best way to go in my opinion. I would also service computers for those who are having problems with their computers. All though there's one place in town that does that, according to my research, a "few" folks around here have been unhappy with their service and I'm the one that ends up cleaning the mess. So I've got some referrals but thought I might as well go and really get into this.
So yeah there's going to be alot of competition on eBay. Competing with other sellers on there but I've managed to make more on there than I did when I worked a 40 hr job. Don't get me wrong. I'm not doing this just because "hey, I can make millions on eBay." That isn't and will never be my mentality. My mentality is to make the customer happy and I have done so with the 100% positive feedback rating. Only one time I had an item show up to a customers doorstep damaged and that was when I let the shipping store package the item. I always do my own packing of the items.
I will also be competing locally against stores like Walmart and one other computer servicing place in town. Of course with Walmart they sell new stuff but there's always people here that are looking for bargains even though it is used.
For example:
(10) Dell Optiplex Pentium 4 computers - $3,089.95
Discription:
Pentium 4
2.8 GHz
40GB Hard Drive
1 GB of Ram
Keyboard and mouse
And this lot of 10 are refurbished computers.
So your saying "ok, 10 computers for $3,089.95 so there about $308 each. It doesn't come with a monitor or speakers. There's a rinky dink 40 gb hard drive and a CD rom drive oh whoop tee doo!." Ok so I'll upgrade it.
Upgrade expense list:
1. 160 gb hard drive - $59.99
2. DVD Burner - $34.99
3. Dell 15" flat screen LCD monitor - $89.00
4. Dell PC Speakers - $15.00
5. Graphics card - $55.00
Total: $253.98 for upgrade expenses
Now I said earlier that the Dell computers are $308 each so my final price for a refurbished Dell Optiplex Pentium 4 with the added accesssories and upgraded hardware would be $610.00 + tax. So if I sold all ten of these at that price that would amount to $6,100.00 if I were to sell off all 10 before the end of the month. And since I would be selling other products as described earlier that end of the month amount would be more. Now your saying "well gee thats kinda expensive for a refurbished computer." Uh yeah but thats because I've gone through and upgraded it with newer components. You get more bang for your buck. So I believe there's money to be made with this especially if I can buy, upgrade and sell 10 computers plus other electronics either over the internet or locally before the end of the month.
Startup Summary:
(10) Dell Optiplex Pentium 4 computers - $3,089.95
(10) hardware and accessories components for Dells - $2,539.80
(25) Playstation 2 game consoles - $1.250.00
(25) Playstation 2 Games - $368.00
(7) Compaq Presario SR1817CL Desktop computer - $2,667.00
(7) Hardware and accessories/components for Compaqs - $1,680.00
(5) Nintendo Wii game consoles with Wii sports games - $2,250.00
Packing materials/boxes/tape - $600.00
Vinyl lettering/signage on vehicle - $200.00
Flyers and advertisements - $100
Business cards - $10.00
Total Startup Expense: $14,754.75
So thats the startup expenses for this venture. This has potential to be a money maker. As stated earlier this isn't some get rich quick scheme but this venture will keep a constant cashflow. Plus Christmas is just around the corner so you can bet consumers are going to be looking to buy buy buy!
There's also another money making venture that I wanted to add to this plan. Its a part time videography and since school is now in session, that means high school sports is runnin amuck. There are some equipment that I'm going to need for that but have decided to focus primarily on the current plan of action. Which is why I did not add videogarphy to my business plan.
So thats pretty much what I'm trying to get and since my credit is sort a screwed up and I'm having issues with having 2 houses on 1 property, its been difficult to get any type of funding. Well lets put it this way, when my scores were good, it was still hard to get some type of startup loan or business loan.
:D
As some of you may know last year I made $19k on eBay and I'm looking to build from that. Now this venture is not strictly for just the internet. I also want to start selling locally as well. Of course this would be run out of my home for the time being. I'm located between 2 towns and we get medium traffic where I live. Its not going to stop with just selling computers either. I'm also looking to sell other electronics such as Playstation 2's or Nintendo Wii's and SNES, NES, and games. Some new and some used.
Selling computers, for example, used desktop computers that are no more than 4 months old can be upgraded with the latest hardware and can be sold for a fair price online and offline. Refurbished electronics are the best way to go in my opinion. I would also service computers for those who are having problems with their computers. All though there's one place in town that does that, according to my research, a "few" folks around here have been unhappy with their service and I'm the one that ends up cleaning the mess. So I've got some referrals but thought I might as well go and really get into this.
So yeah there's going to be alot of competition on eBay. Competing with other sellers on there but I've managed to make more on there than I did when I worked a 40 hr job. Don't get me wrong. I'm not doing this just because "hey, I can make millions on eBay." That isn't and will never be my mentality. My mentality is to make the customer happy and I have done so with the 100% positive feedback rating. Only one time I had an item show up to a customers doorstep damaged and that was when I let the shipping store package the item. I always do my own packing of the items.
I will also be competing locally against stores like Walmart and one other computer servicing place in town. Of course with Walmart they sell new stuff but there's always people here that are looking for bargains even though it is used.
For example:
(10) Dell Optiplex Pentium 4 computers - $3,089.95
Discription:
Pentium 4
2.8 GHz
40GB Hard Drive
1 GB of Ram
Keyboard and mouse
And this lot of 10 are refurbished computers.
So your saying "ok, 10 computers for $3,089.95 so there about $308 each. It doesn't come with a monitor or speakers. There's a rinky dink 40 gb hard drive and a CD rom drive oh whoop tee doo!." Ok so I'll upgrade it.
Upgrade expense list:
1. 160 gb hard drive - $59.99
2. DVD Burner - $34.99
3. Dell 15" flat screen LCD monitor - $89.00
4. Dell PC Speakers - $15.00
5. Graphics card - $55.00
Total: $253.98 for upgrade expenses
Now I said earlier that the Dell computers are $308 each so my final price for a refurbished Dell Optiplex Pentium 4 with the added accesssories and upgraded hardware would be $610.00 + tax. So if I sold all ten of these at that price that would amount to $6,100.00 if I were to sell off all 10 before the end of the month. And since I would be selling other products as described earlier that end of the month amount would be more. Now your saying "well gee thats kinda expensive for a refurbished computer." Uh yeah but thats because I've gone through and upgraded it with newer components. You get more bang for your buck. So I believe there's money to be made with this especially if I can buy, upgrade and sell 10 computers plus other electronics either over the internet or locally before the end of the month.
Startup Summary:
(10) Dell Optiplex Pentium 4 computers - $3,089.95
(10) hardware and accessories components for Dells - $2,539.80
(25) Playstation 2 game consoles - $1.250.00
(25) Playstation 2 Games - $368.00
(7) Compaq Presario SR1817CL Desktop computer - $2,667.00
(7) Hardware and accessories/components for Compaqs - $1,680.00
(5) Nintendo Wii game consoles with Wii sports games - $2,250.00
Packing materials/boxes/tape - $600.00
Vinyl lettering/signage on vehicle - $200.00
Flyers and advertisements - $100
Business cards - $10.00
Total Startup Expense: $14,754.75
So thats the startup expenses for this venture. This has potential to be a money maker. As stated earlier this isn't some get rich quick scheme but this venture will keep a constant cashflow. Plus Christmas is just around the corner so you can bet consumers are going to be looking to buy buy buy!
There's also another money making venture that I wanted to add to this plan. Its a part time videography and since school is now in session, that means high school sports is runnin amuck. There are some equipment that I'm going to need for that but have decided to focus primarily on the current plan of action. Which is why I did not add videogarphy to my business plan.
So thats pretty much what I'm trying to get and since my credit is sort a screwed up and I'm having issues with having 2 houses on 1 property, its been difficult to get any type of funding. Well lets put it this way, when my scores were good, it was still hard to get some type of startup loan or business loan.
:D
Pretty good plan Wildstorm. I hope it turns out to be an effective one. :)
hey man your plan is really cool but is very long .i read it completely and i must say u hve used good concept .
keep thinking in same way.
keep thinking in same way.
Yeah its a good concept. All I need is to make it into reality. Thanks for the comments guys.:D
