Question: I am looking to start an Electronics Business in United States, I am more looking to start consumer electronics and cell phone business, I have experice of selling online on eBay, but now I want to set up a store. Can you give me some ideas and possibly plan to start an electronic business?
Ideas and Plan to Start an Electronic Business
- Current market for the retailing electronic equipment is showing very good opportunities.
- If you want to start with brand name with improved goodwill, I would like to suggest you should go for Franchise. So many companies are offering franchise to allow you to start with his Company name. Fixed amount you will have to bare to obtain such franchise. It would cost you according to the type and size of business you want to start with.
- With in capital available with you, it would be impossible to purchase your own shop and start it.
- The location always matters in this kind of business. Because the people who used to purchase electronic equipments used to visit malls and supermalls rather than street shop. So if possible try to start your business at such type of location where your can assure your self that customer will visit your shop. Once your shop comes to notice of customer, they will come again and bring others also. That is why it is necessary to select crowded locality or malls and supermalls.
- So far as money is concerned you have sufficient amount to do the business. You can increase your capacity by taking loan or over draft, now days these facilities are available in all the banks. You can call the bank ask for this kind of services and its cost. The more variety of products you will deal, more and more customers will visit and prefer you in market.
- If you have any questions, you can ask the questions here.