Well, the longer term goal is for this to turn into a business that me and my gf can run and that will porvide an income that can support a family while also enabling us to travel a fuckton on the back of it.
Originally Posted by Micro2Macro
In terms of a plan, I guess it's this:
1. Start selling from a market stall to see if there is as much interest in our products as we think (ie minimum outlay and just dipping out toe in the water). Whilst doing this we simultaneously have the website up and running (again the cheap toe in water thing) and do our best to create a brand that people recognise by having branded bags and hammering social media. We are fortunate in having good friends in the TV and music industry that will happily promote us a bit as well via things like facebook which will hopifullly help a bit.
2. If successful, expand our range as currently it's just things from Thailand. We're hoping for a Bali trip this year (similar type of stuff to Thailand) and also have friends who live in Brazil and we have a few ideas for things we can get over there. Will also go to India eventually as it's great value. Again, this highlights the imprtance of the travel, we love travelling, if that isn't part of the business model we'll bale on it. Long term we want 3 months minimum out the UK at least.
3. If still successful on the back of a range of products coming in from different counrties, open up our first shop, which will coincide with gettting a propper website created. This will probably be about 1 to 2 years into this venture.
4. If shop is successful, open up several branches around the UK, put a manager in each shop (will be family members at first who are already interested and we know we can trust), benefit from economies of scale, travel more, expand range.
5. Due to benefits of growth, start offering furniture range to larger businesses like department stores. This will be a purely business to business range that won't appear in our shops, higher quality modern furniture that will only be cheap and profiatble is bought/sold in bulk which a few shops in the UK wont be able to handle but a department store with a few stores around the UK could easliy do. For this, due to relationships with suppliers by this point, I won't have to buy upfront and then sell, but can order as required just having a few samples myslef.
6. I don't ahve a 6, this is as far as I've thought this through.