Hello, recently I have been looking to start an online skate shop and was wondering if anyone on here has done/doing something similar? In my research so far I’ve been looking at website design and maintenance from paid to virtually free do it yourself websites.
As I would be working out of my garage I’ve looked into business rates, local council information, insurance and possible issues from my mortgage company.
I have also been looking at packaging and bespoke boxes for boards.
I recently spoke to a few distributors to ask advice and find out what they require from their customers and how I can become a Business to business buyer. But the one thing I can’t find out is the price of stock. Trying to form a business plan is difficult when you dont have vital information about budgets and profits and projected sales.
I spoke to a reliable person who told me I would need 10k just to get started. But still didn’t get any concrete answers on the price of stock.
My expectations are £10-£20 for boards, £7-£10 for wheels, £5-£15 for trucks plus £10-£20 for shoes/clothes. I’m not sure if these prices are realistic or not and as a new company to the market would I really need 10k of stock?
So if anyone has experience with this kind of thing I would really like to hear about it. Sorry for the small essay but I’m still forming ideas as I go.