Hmm.. there's no easy way to say this but.. I've been planning to open an online store for quite some time but I have few doubt in mind, though.. So, my plan right now is to minimize the cost as well as the risks. I have done my research on marketing online product but honestly, I'm not sure whether it will succeed or not. FYI, i've done a few online marketing for the past year and the results was so~so. This is due to lack of funds.
First of all, what I need most is 1 or 2 partners, who is able to contribute some initials. Of course I'll be contributing the same amount. This way, the cost will be less and the risk will be divided fairly among each member. This partner will have to work hand in hand with me and should be able to contribute ideas to ensure that this e-business is a success.
Secondly, I need a good product in which i can easily obtain throughout the year. I do have a few products (electornics, clothes) on my mind which I certainly knows where and how to get it with a cheaper price compare to the market price, but for now, i'll keep my options open. So if you have any idea, do tell me so..
These is my expected start-up cost.
Domain : +-RM50
Hosting : +-RM100 (will increase if the business success)
Membership for 1 reliable supplier : +-RM50 ( optional)
Merchant fee : +-RM500 (one time fee)
Marketing: +- RM1000 ( flunctuate acording to marketing type)
Others (spare) : RM500
TOTAL : RM2200 (Not that much, huh)
Of course, these are not fixed. It depends on the products and the marketing side, but to be on the safe side, let assume that the amount shown is the minimum amount.
If I don't get any partner, the business will still go on but on a slow pace. Bare in mind that by becoming a partner in this business, does not guarantee you any profits. We have to earn the profits.. I'll get into details with anybody who is interested in this. So anybody?
