II started selling tennis rackets in my country. As I saw that very few stores supply tennis equipment to us.
Does it make CENTS?
C - I buy rackets from famous brands (that is supposedly a resale, bought cheaper, sold more expensive) net profit from one racket is 50$, I depend on the manufacturers of these rackets? On their pricing perhaps? But I can't even imagine that they will stop supplying rackets.... drop your thoughts below about this...
E - low barrier I think, anyone can buy cheaper version, I have several competitors and so we have a price range of $220-$250 per racquet. (You can't go any higher, because people will buy the same racket cheaper from a competitor).
N - huge need, lots of people ask me about racquets and are willing to buy + I have the lowest price on the market right now ( +1 value skew????). I know mj was talking about markets where the barrier to entry is low, you can compete on price and that's it.
T - human resources + local stores around the country
S - I can scale around my country.
I know it's better to do a business that doesn't meet all the CENTS at once, but then how do you then further make it meet the cents in theory? What confuses me the most here is that I depend on brands and supplies and also a low threshold of entry.
Feel free to drop your opinion below... Thanks
Does it make CENTS?
C - I buy rackets from famous brands (that is supposedly a resale, bought cheaper, sold more expensive) net profit from one racket is 50$, I depend on the manufacturers of these rackets? On their pricing perhaps? But I can't even imagine that they will stop supplying rackets.... drop your thoughts below about this...
E - low barrier I think, anyone can buy cheaper version, I have several competitors and so we have a price range of $220-$250 per racquet. (You can't go any higher, because people will buy the same racket cheaper from a competitor).
N - huge need, lots of people ask me about racquets and are willing to buy + I have the lowest price on the market right now ( +1 value skew????). I know mj was talking about markets where the barrier to entry is low, you can compete on price and that's it.
T - human resources + local stores around the country
S - I can scale around my country.
I know it's better to do a business that doesn't meet all the CENTS at once, but then how do you then further make it meet the cents in theory? What confuses me the most here is that I depend on brands and supplies and also a low threshold of entry.
Feel free to drop your opinion below... Thanks
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