Starting on online supplement 'store'

~~2Ripped4U~~ · 04-15-2006, 03:04 AM

Advice?

~~2Ripped4U~~ · 04-15-2006, 04:10 AM

**EME** · 04-15-2006, 05:15 AM

In most cases, you need have enough investment capital at first to be able to buy in large enough quantities to buy directly from the distributors or manufacturers at the low prices they offer their big accounts.

You can't make any money unless you can get the product for significantly less than you are selling it for. To compete with the other online stores, you better be able to get the good pricing because the competition is steep. There are a lot of discount supplement stores online now.

Even with an online store you're going to have overhead; Packing and shipping materials, advertising, web site design and upkeep.

You'll also need to make sure you have time available to pack and ship your orders in a timely fashion. If you don't get your merchandise out quickly to your customers, they won't buy from you again.

It's a tough business, because there are many discount online stores.

Bottom line, you better get your inventory for a really good price, because if you don't, you won't make money reselling.

- EME

CDB · 04-15-2006, 01:03 PM

Quote:

Originally Posted by EME

In most cases, you need have enough inventment capital at first to be able to buy in large enough quantities to buy directly from the distributors or manufacturers at the low prices they offer their big accounts.

You can't make any money unless you can get the product for significantly less than you are selling it for. To compete with the other online stores, you better be able to get the good pricing because the competition is steep. There are a lot of discount supplement stores online now.

Even with an online store you're going to have overhead; Packing and shipping materials, advertising, web site design and upkeep.

You'll also need to make sure you have time available to pack and ship your orders in a timely fashion. If you don't get your merchandise out quickly to your customers, they won't buy from you again.

It's a tough business, because there are many discount online stores.

Bottom line, you better get your inventory for a really good price, because if you don't, you won't make money reselling.

- EME

To add to that, a hook always helps. Products other people don't have, niche or proprietery products, etc.

ZackMurphy · 04-15-2006, 03:52 PM

Quote:

Originally Posted by 2Ripped4U

Advice?

Do you have any experience with things like this?

**Viperspit** · 04-15-2006, 03:54 PM

Agreed. This probably covers 90% of this type of businees case. You are purely just a "Re-Seller". There are hundereds on-line which have also hurt the brick & mortar type businesses. People want stuff cheap and fast. very simple.

Quote:

Originally Posted by EME

Bottom line, you better get your inventory for a really good price, because if you don't, you won't make money reselling.

- EME

Crobar · 04-15-2006, 04:06 PM

Quote:

Originally Posted by Viperspit

Agreed. This probably covers 90% of this type of businees case. You are purely just a "Re-Seller". There are hundereds on-line which have also hurt the brick & mortar type businesses. People want stuff cheap and fast. very simple.

and reliable.

~~2Ripped4U~~ · 04-15-2006, 08:09 PM

Quote:

Originally Posted by ZackMurphy

Do you have any experience with things like this?

Not really, no.

stonecoldtruth · 04-15-2006, 08:24 PM

Quote:

Originally Posted by 2Ripped4U

Advice?

Don't do it, right now the market is just too saturated. It is nearly impossible to be competitive, you'll end up doing this all day .. :boink:

Right now I think the market, depending on your area, is prime for more personal trainers that are NOT affiliated with gyms.

CROWLER · 04-15-2006, 08:26 PM

Quote:

Originally Posted by EME

In most cases, you need have enough investment capital at first to be able to buy in large enough quantities to buy directly from the distributors or manufacturers at the low prices they offer their big accounts.

You can't make any money unless you can get the product for significantly less than you are selling it for. To compete with the other online stores, you better be able to get the good pricing because the competition is steep. There are a lot of discount supplement stores online now.

Even with an online store you're going to have overhead; Packing and shipping materials, advertising, web site design and upkeep.

You'll also need to make sure you have time available to pack and ship your orders in a timely fashion. If you don't get your merchandise out quickly to your customers, they won't buy from you again.

It's a tough business, because there are many discount online stores.

Bottom line, you better get your inventory for a really good price, because if you don't, you won't make money reselling.

- EME

Pretty much covers it all.

CROWLER

04-15-2006, 03:04 AM	#1
~~2Ripped4U~~ Banned Join Date: Jun 2005 Location: NY Posts: 1,463 Recipes: 0 Rep Power: 0	Starting on online supplement 'store' Advice?

04-15-2006, 04:10 AM	#2
~~2Ripped4U~~ Banned Join Date: Jun 2005 Location: NY Posts: 1,463 Recipes: 0 Rep Power: 0	No?

04-15-2006, 05:15 AM	#3
EME Super Moderator Join Date: Mar 2005 Posts: 3,265 Recipes: 0 Rep Power: 51	In most cases, you need have enough investment capital at first to be able to buy in large enough quantities to buy directly from the distributors or manufacturers at the low prices they offer their big accounts. You can't make any money unless you can get the product for significantly less than you are selling it for. To compete with the other online stores, you better be able to get the good pricing because the competition is steep. There are a lot of discount supplement stores online now. Even with an online store you're going to have overhead; Packing and shipping materials, advertising, web site design and upkeep. You'll also need to make sure you have time available to pack and ship your orders in a timely fashion. If you don't get your merchandise out quickly to your customers, they won't buy from you again. It's a tough business, because there are many discount online stores. Bottom line, you better get your inventory for a really good price, because if you don't, you won't make money reselling. - EME __________________ PhysiqueFXonline - Online Nutrition and Training with Michael and Kendra Elias: www.MichaelandKendra.com Team Molecular Nutrition Creative Director FAME Media Group / World Natural Sports Organization Editor-In-Chief FAME Magazine www.FAMEWorldTour.com Last edited by EME : 04-15-2006 at 04:31 PM.

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