I Got $50k Cash

Emotap

Thank you for all your info and advice. My target of opening up my own shop is in between march - june next year. So now i'm gathering much information as i can to help me in achieving my target. i really appreciate it.

Yes your absolutely right but I've already living in a stress for almost 25yrs. No work mean no stress. So i still got to work no matter what. I really want this to work any advice on how to start or maybe some books for me to read?

noeclue

It was back in 2007-2008. Nowadays, you can negotiate for low MOQ.

timtam

Retail is never easy in SG. Just try to find out how much you need to pay for rental..your 50k can be gone in the blink of an eye....

If this 50k is excess cash....i.e. you have some savings stashed up...then ok ..maybe you can dream a little...else it may just be easier to work for people...
if you think working for others is stressful, wait till you have to worry about paying your staff and paying rent....

it is never easy to sell goods...you must be able to convert your goods to cash...what happens if your goods are stuck?

shoes...there are designs, then there are sizes and colours.....how much of each are you going to have..if you don't have enough designs, you can never compete with the big boys...if you have many many designs, you will be limited by the number of sizes/colours you can have....given you have limited start-up capital....

you will need to have a strategy if you really wanna go into biz....if you r targeting the mass market...you can never do it with just your 50k......what will be your unique selling point? why would people pay for your goods/services and not others? just something for you to ponder....

masia311

straight to the point, I like your comment

masia311

straight to the point, I like your comment

andtrading

Hi,

Got a lot of contacts in the Philippines, wholesalers.

For me, you go for business that you yourself is really pond of.

Like me, I'm reselling ladies clothes and accessories, started on line and now joining bazaars and flea markets, looking to have my own shop in the future.

Quite difficult but I find it very fullfilling not only because you earn but also you meet a lot of people and in the end make friends. But of course earnings is still priority.

You may check Adam khoo website and I think it will help how to start up.

Janesim

Hi,

Just follow your heart. As long as you have the passion and faith, you will do it. Though we may make some mistakes along the way, its okay. Take its as lesson and you make it through. Cheers!

ideaqueen

Hi Emotap,

$50K? Personally i think you should focus yr interest.
I use to hve garments business.
I sell all type stuffs.
But my main customer is man.
I think alot of people target on women but i think man spend much more nowadays then women.
Selling shoes is a good idea.
I use to sell man shoes & i got my stock from thailand & china.
Maybe you can consider operating a sport spa centre for all mens & gay out there.
I might can help you with some ideas.

Good day!!

tycoon

Hi, juz my newbie 2 cts worth... have you decided the location for you retail shop? It's no secret that location is vital to a retail biz and the type of customers that you are targetting. Bear in mind that if your location is good, the rental will be high.

ultimateworker

small retailers are suffering the real brunt of the crisis...
those with really deep pockets can only survive...
to get the real picture, visit strata shopping malls in singapore...
eg. far east plaza, queensway, katong etc.