What to do first

There are a few things your should consider before spending money on domains, webhotels, business cards etc.

Figure out what to sell and how you want to sell it before deciding on anything else!

Business name: The name of your business should relate to your products, make it as short and precise as you can and do it in either one or two syllables. Your domain name should be easy to remember and easily to type and it would be best if it gives an sense of what you are selling.

Domain name: The domain name should be the same as the name of your business!

 

Finding Suppliers

Comming soon!


List the suppliers into groups and subgroups

  1. Suppliers that dropship
    1. Suppliers who offers free shipping.
    2. Suppliers who takes a shipping fee.
  2. Suppliers that doesn’t dropship but sent items to your business address
    1. Suppliers who offers free shipping.
    2. Suppliers who takes a shipping fee.
    3. Suppliers who doesn’t ship the product – here you will have to contact some shipping company.

Check their ratings and reviews! Reviews and ratings of companies and websites can be found on sites such as: Trustpilot.com.

If you can’t find your suppliers on Trustpilot.com go to Google and search for the name of the supplier + review e.g. “Apple review”.

You could also try searching Google for other websites that provide reviews of companies.

Why are you selling it?

e.g.:

  • It is a part of a hobby of mine and that gives me the passion and drive to keep up the hard work no matter how tough or boring it might be.
  • I have worked in a company selling this product therefore I have a lot of knowledge about it
  • I have used this product at work therefore I have a lot of knowledge about it
  • I believe that I can sell it to a lot of people

 

Choosing a product

Are you going to put your focuss on:

  1. Having a whole lot of different products like a warehouse
  2. A single category of products e.g. Electronics or Home Decor
  3. A brand category e.g. Sony, Nike, Apple
  4. A single product type e.g. Smartphones or Lamps
  5. A brand product type e.g. Apple iPhones, Sony Playstation,
  6. The niches within a single product type e.g. Shoes: shoe soles, shoelaces, shoe polish

Figure out the type of product you want to sell

Think about things you know about that you like spending time on, it could be something related to a hobby like:

  • Gaming:
    • Computer, Screen, Monitors, Keybord, Mouse, Mouse Mat, Headphones, Earphones, Speakers, Cables, Games
  • Nitting:
    • Tools used for nitting
    • Yarn
  • Sports:
    • Balls, Shoes, Protection gear, Other Accessories
  • Music:
    • Listening to music:
      • Amps, Speakers, CD-Player, Soundsystem
    • Playing music:
      • Instruments, Speakers, Amps, Pedals, Screens, Monitors, Strings, Picks, Cables
  • Movies:
    • TV, Projector, Blueray/DVD-Player, Blueray/DVD-Player system, Surround sound, Surround-sound systems

You could also pick the Gaming category itself and change it into a niche: BE CREATIVE!   🙂

Figuring out what type of product to sell can be a tough decision, some say use Google Trends others say just find something you are passionate about.


Is there a demand for your product?

Check the market to get a feeling of how many there are already competing on the market.

If you find a huge amount of businesses offering the same products or services as you maybe you should find another product.