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  1. S

    Pulling the trigger on Amazon FBA

    HOT! 
    Thanks for all the insight, I guess it really depends on how you brand the product being sold on the various sales channels.
  2. S

    Pulling the trigger on Amazon FBA

    HOT! 
    I agree they are a great delivery vehicle of said product, but I don't think going straight to amazon without building the brand may be the best way to go. I truly believe it is very product dependent. If your product can sell without a "branding" amazon is great. If your product needs a...
  3. S

    Pulling the trigger on Amazon FBA

    HOT! 
    Firstly, I don't intend this to be an argument. Just a point I'm trying to raise :) Secondly, your example of Nike does not fit into a "start up" shoe company as my example. They have created their brand and everyone knows Nike. A start up company has no reputation and targeting Amazon/Ebay...
  4. S

    Pulling the trigger on Amazon FBA

    HOT! 
    Sorry I should have been more specific, branding in terms of website branding of your product. With Amazon, people will remember Amazon for XYZ product so buy it on Amazon. As a user of Amazon, I find this to be true because if someone asks me where I got the XYZ product, I would say Amazon...
  5. S

    Two Hong Kong Shows Worth Noting In April 2013

    HOT! 
    Hey guys, I've been thinking to go to the Trade Show as well. Question is, what is the difference between the Spring version and Fall Version of the Electronics Trade Show? I know Vig said the Fall is much bigger, why is that? What's the purpose of having 2 trade shows within 6 months of...
  6. S

    Pulling the trigger on Amazon FBA

    HOT! 
    Hey guys, Can you comment on the branding issue of selling on Amazon? When posting your items on Amazon (if it's branded), it takes away the brand image of the product you are selling. Everyone remembers that they bought the product on Amazon and not your website. Here's a great article on...
  7. S

    How to get my product in BestBuy, GameStop, RadioShack etc?

    EXECUTION 
    My question to this is, when pitching a product (let's say its not Walmart or a discount store) how do you ensure the idea isn't just copied and they make it in house? Let's say a high end luxury retail store like Harry Rosen for example, you have this killer design of a suit/blazer. It's all...
  8. S

    My Fastlane Journey & $100,000/Month Sales 4 Months After Start-Up

    NOTABLE! EXECUTION FTE 
    That's a REALLY good article, thanks for sharing. The points on there definitely make sense, such the fact that the consumer remembers solely buying your product on ebay/amazon, rather than your own site (which in the long term be bad for building a brand). However, Amazon/Ebay I think is...
  9. S

    My Fastlane Journey & $100,000/Month Sales 4 Months After Start-Up

    NOTABLE! EXECUTION FTE 
    Thanks for the awesome response! I have a few other questions that others might ask so here goes: 1) Did you create your own brand and re-package the product? Did you send your suppliers your own OEM packaing design or just re-selling them as how you get them from the factory? If you did...
  10. S

    My Fastlane Journey & $100,000/Month Sales 4 Months After Start-Up

    NOTABLE! EXECUTION FTE 
    great story and I loved how detailed you got. it shows the passion by reading each word and it felt like a great short novel. if I can ask, what are your margins like? Top range and bottom range (the lowest you would go?) In terms of finding your product, did you search to see the popularity...
  11. S

    My 1000th Post.. LOSE THE JOB, NOW!!!

    GOLD! MINDSET 
    Can you provide some insight on what the first business was? How long it took you to succeed from nothing. Maybe a little bit of coles notes on start to finish on that business? I was following the more recent one but seemed like that thread dried up and haven't seen any updates.
  12. S

    For those fastlaners.....how do you?

    EXECUTION 
    Thanks everyone. Doing more research and calling companies I've come closer to finding what I'm looking for. Sorry for the useless thread.
  13. S

    For those fastlaners.....how do you?

    EXECUTION 
    Find business partners that are crucial to the startup of your business? For example, I have a great idea but I need to find a company that can help create a household chemical product with certain properties that I need for this idea to work. Where do you find such information like this...
  14. S

    Ownership of Inventions Clause -Enforceable or Scare Tactic?

    Hey guys, just wanted to see if anyone has experience with an Ownership of Inventions and Works of Authorship clause. Is this type of clause enforceable? Or is it one of those clauses that are used mostly as a scare tactic.
  15. S

    I want to expand my current growing business! Partnership?

    Ok so there has been some development in regards to this but I have another small question. What is the revenue multiple for buying a small profitable business? Let's say no assets, Sales of $1MM, Net Profit $100k/yearly. Year-after-Year growth. 2011 Doing the business full time, 2012 doing...
  16. S

    I want to expand my current growing business! Partnership?

    I can't train employees when I don't know any of the technical skills in the back.
  17. S

    I want to expand my current growing business! Partnership?

    What do you guys think of the other approach, where I let him "own" the back. He gets the majority of revenue earned, he pays half rent, and buys all necessary equipment. I keep full ownership of company and am able to retain him. You have to know this as well, I don't plan on this shop...
  18. S

    I want to expand my current growing business! Partnership?

    Very good insight and point. I would say he is crucial to the first 5 years of business, but after that, his skills can be taught to someone else. My worry is if I hired him or someone else, and they called in sick or quit, my business would literally crumble if that happened in the first year...
  19. S

    I want to expand my current growing business! Partnership?

    #1- I want to open up a full retail shop because there are many challenges and opportunities to grow the business. I just do it online, so my market segment is very small compared to a full blown brick and motor store, that will see walk in clients etc. #2- Yes, I can easily hire a back...
  20. S

    I want to expand my current growing business! Partnership?

    Because I would solely rely on his business to be open to succeed in mine. I have yet to see a successful tire shop that sources out their installation elsewhere and not have it in house. If for some reason he closed down his business, mine would fall apart because it is completely dependent...
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