Hi all,
I am starting an online store @ quadscene.co.nz
I am not at all very familiar with running a business. But this is the perfect opportunity as there is no such store operating in my country.
Anyway, all is good I have my front end all up and running and am adding products on a daily basis. My questions are as follows.
1. I am unable to see how I can run at a profit, after import taxes, and the general taxes of running a business and then undercutting other companies or others from importing on their own, I cannot see how I can actually make money!
2. I have no real "money" to get things started which makes things way harder. I have very little to NO stock, what are my options in this situation, or is this just plain impossible.
The store is an online store which sells "quadcopters or multirotors" , which are basicly a helicopter with 4 propellers and I am targeting the commercial aerial photography industry. We will also supply to intermediate level hobbyists.
Since launching the site, (which some say should not have been done, due to lack of stock and incompleteness, I have had alot of interest and support from this who are very keen on the idea of such a store in my country!
Thanks for any advice!
I am starting an online store @ quadscene.co.nz
I am not at all very familiar with running a business. But this is the perfect opportunity as there is no such store operating in my country.
Anyway, all is good I have my front end all up and running and am adding products on a daily basis. My questions are as follows.
1. I am unable to see how I can run at a profit, after import taxes, and the general taxes of running a business and then undercutting other companies or others from importing on their own, I cannot see how I can actually make money!
2. I have no real "money" to get things started which makes things way harder. I have very little to NO stock, what are my options in this situation, or is this just plain impossible.
The store is an online store which sells "quadcopters or multirotors" , which are basicly a helicopter with 4 propellers and I am targeting the commercial aerial photography industry. We will also supply to intermediate level hobbyists.
Since launching the site, (which some say should not have been done, due to lack of stock and incompleteness, I have had alot of interest and support from this who are very keen on the idea of such a store in my country!
Thanks for any advice!
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