If you were thinking to startup a conventional way of retail business within a Shopping Center, shopping complex or shop houses, you may not be able to avoid the following business startup costs/capital:-
Rental
Rental Deposit
Renovation of Shop
Electricity
Staff Salary
& etc.
Why not begin a ‘Virtual’ shop as a start?
With the help of technologies nowadays, you are able to save a lot of cost (which I have mentioned previously). Basically with a ‘Virtual’ Shop, you do not need to pay rental, electricity bills, renovation bills, no shopkeeper required and so on.
What do I mean by ‘Virtual’ shop? OK, here is a shortcut of the answer “eBay.com”.
First of all, you need to think how would you want to participate in eBay.com as a seller. In other words, you need to structure you business operation within eBay.com.
Look at eBay.com as a shopping complex / shopping center, people from all around the world come to eBay.com to shop. You can find things named from A to Z, the key to success is your price to the buyers, this directly relates to your business costing, ie. Stock costing.
Further advice
2nd Hand Shop in eBay.com. Yes, in this way you are able to get slightly away with the suppliers’ ‘RRP’ (Recommended Retail Price) and lower your stock cost. Source your 2nd hand stock from your local area, get them from your local Garage Sales. And then, take some pictures of the stock and advertise in eBay.com & others.
Here you go with your business running, and all the best to you!
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