Colonelboom
Vendor
- Joined
- Mar 16, 2013
- Messages
- 3,609
Fleabag, if you think that the wholesale price you might see on certain sites is what the 'in country' price equates too you will be some way off the mark i'm afraid. Add to that the prospect that at any market there is probably already a fixed e-cig stand and perhaps even a casual one doing things at shoestring prices and it is a lot more competitive that you might think too. That gap in the market is probably already being filled by someone local to you (we have three shops here in the small area of Sheffield that I am from, all popped up relatively quickly, all really close to each other and all selling similar goods). I was looking at a unit relatively locally but have had to expand my search a bit further out as it has become oversaturated here in just 2 months.
Here in Sheffield there are people selling eGo kits for a tenner with a juice and from what has been reported to me will sell to pretty much anyone of any age (unscrupulous) and I cannot see how, if the quality is any good, how they can possibly be doing that AND paying their official dues. Remember that the import costs add a quarter again, your PAYE and your wages needs to be covered if you expect to make anything from it.
If you get into mail order, most of the time you have to subsidise postage costs a little in a sale also as otherwise your fees are too expensive for people to buy from you. The wholesale price you see is nowhere near the black and white sum you think it is.
I used to deal in motorcycle leathers so was a bit more knowledgable about these things before I setup PlumeBlu, the same situation happens in that business too - the more you buy the cheaper it becomes and wholesale prices are usually listed at the cheapest price - will you be able to buy 5000+ of each single item to get it at that price? If not you would need to look at your startup budget, add the costs in for all the above official extras (dont forget your shipping - add 10% for that to be on the safe side) and then see how many of an item you COULD afford to buy wholesale, then recheck the price per item and re-do the maths - you may get a shock.
Here in Sheffield there are people selling eGo kits for a tenner with a juice and from what has been reported to me will sell to pretty much anyone of any age (unscrupulous) and I cannot see how, if the quality is any good, how they can possibly be doing that AND paying their official dues. Remember that the import costs add a quarter again, your PAYE and your wages needs to be covered if you expect to make anything from it.
If you get into mail order, most of the time you have to subsidise postage costs a little in a sale also as otherwise your fees are too expensive for people to buy from you. The wholesale price you see is nowhere near the black and white sum you think it is.
I used to deal in motorcycle leathers so was a bit more knowledgable about these things before I setup PlumeBlu, the same situation happens in that business too - the more you buy the cheaper it becomes and wholesale prices are usually listed at the cheapest price - will you be able to buy 5000+ of each single item to get it at that price? If not you would need to look at your startup budget, add the costs in for all the above official extras (dont forget your shipping - add 10% for that to be on the safe side) and then see how many of an item you COULD afford to buy wholesale, then recheck the price per item and re-do the maths - you may get a shock.
I stopped supporting IE ages ago, every now and again I'll chuck in a few IE handlers, with most of the time a message appearing recommending Chrome/Firefox/Opera instead of IE lol
