How can i sell my products(rimless eyeglass frames)?
Posted on December 26th, 2009 by admin
Hi, I have started importing rimless eyewear frames(brandless) from India and China. Now these are great quality and i am giving a one year warranty on these frames. I am ready to sell it in wholesale(min. 10 orders for $30/frame) and to individuals(i am mostly looking for wholesale) for $50. But my problem is that the local retailers who sell these frames(similar frames) for $220 are not ready to buy from me as they say that they want a company backing me up. How do i make a start? What should be my strategy? I truly beleive that the market for frames have a monopoly charging ridiculous prices for frames and the people deserve much better and cheaper prices and that is the reason i started importing it. Can anyone advice me what my strategy should be and why would the people be/not be interested in a product like this?
Couple of issues.
1. If you are aproaching these companies as an individual and they’re wanting a company to "back you up", I would strongly suggest you either set yourself up with a business lic. under a fictitious name. This can be done through your county. The other alternative would be to set up a corporation through your state or a different state, Nevada being a popular choice. The corporation would give you tax benefits and personal asset protection but is more complicated and costly.
2. Economies of scale. If you are importing 10 units per month the companies you aproach are importing 1000 units per month greatly lowering their cost.
Suggestions:
1. Try ebay you might be surprised at the results.
2. Attend trade shows specificly related to the product you are selling.
Hope this helps.
PS. ignore my spelling.
Rascal
December 27th, 2009 at 4:53 am
Have you tried ebay?
or a website?
Try http://www.ryze.com to set up an account and start networking with other business people who can either get you contacts or put you in business! Good luck!
References :
December 27th, 2009 at 5:15 am
Couple of issues.
1. If you are aproaching these companies as an individual and they’re wanting a company to "back you up", I would strongly suggest you either set yourself up with a business lic. under a fictitious name. This can be done through your county. The other alternative would be to set up a corporation through your state or a different state, Nevada being a popular choice. The corporation would give you tax benefits and personal asset protection but is more complicated and costly.
2. Economies of scale. If you are importing 10 units per month the companies you aproach are importing 1000 units per month greatly lowering their cost.
Suggestions:
1. Try ebay you might be surprised at the results.
2. Attend trade shows specificly related to the product you are selling.
Hope this helps.
PS. ignore my spelling.
Rascal
References :