Startting a New Business

[ronnie395]

Guys, what do you think if I am starting a new biz dealing in Adult Toys?

I have join venture with a factory that can manufactured, do you think doing Internet sales will be better for the toys?

Will consumer think its "NAUGHTY"?

[Ivanloh]

Can members get discount when you are really in the biz. :X

[triton]

prior to starting any business, you need to do homework.

since you are intending to do online sales for sex toys. i would suggest the following.

1. what is setup capital
2. are there many local sites set up for this type of business.
3. do you want to truly be online or both online and brick & motar shops
4. which group of potential clients are you targeting
5. how you intend to stay competitive
6. why should a potential customer purchase from your site rather than competitor.

above all, as i mentioned to others in any business intending to be in, you need to know

1. how deep is your pocket
2. how long can your business bleed

once you know the above 2 answers, you get your break even point.

remember all business ventures have risks. dont sink your lifelong savings in it. the amount to put in should be an amount that you can recoup in x working years before retirement age.

[seiko.citizen]

...I have join venture with a factory that can manufactured, do you think doing Internet sales will be better for the toys?

Will consumer think its "NAUGHTY"?

last i went to sg, i notice alot of adult shops already opened up. whilst im not familar with this line of business, one has to factor into consideration whether you can compete with a brick/mortar shop. i guess the main issue is advertising in online world. where are you going to advertise?

main advantage of online:
discreet, lower overheads (cost savings that can passed on!), customers can shop at their convenience.

main advantage of brick/mortar shop:
customers can view product in person, and compare. this allows for upselling
if location is right, there should be a decent amount of foot traffic thus generating more "interest"

[taxico]

Guys, what do you think if I am starting a new biz dealing in Adult Toys?

how high is the barrier of entry? how long before you see a return? good luck!

[ronnie395]

Special for all SROC Members.

Can members get discount when you are really in the biz. :X

[ronnie395]

Please close this thread. Thanks to SROC.