Hi Guys,
Ive been an on/off member of this forum for several years. A bit of background about me:
- 27 year old Investment banker in London. Always wanted to do it if I didn't make it as a footballer (soccer player). Started working for a tier 1 investment bank straight out of uni....now earning very low 6-figures annually.
- After 1st year on the job, knew it wasn't for me...selling my soul 10/11 hours a day without fulfilment, office politics...not a good tradeoff for me.
- Read MJs book and was so fascinated I literally begun counting down to when I would leave the slowlane.
- I quit my job a year ago to find myself and try new things out but the firm hired me back straight away and gave me a 5-month paid sabbatical.
- Ive half-heartedly ventured into a few side projects, from talent management i.e being a sports agent and music manager to a bit of e-commerce which didn't work out due to covid incurred costs.
- Ive been focusing on crypto for over a year now and also learning a bit of web design; shout out Fox Web School!
Recently had a basic idea which would have legs if executed correctly, was hoping for some constructive criticism or guidance:
There is a product in a growing industry which is going for approx £400 a pop, it is in heavy demand and I have also purchased one. The big problem though is the delivery time - It takes around 6 months to arrive!!!!! Which is crazy.
I want to engage in a wholesale/distribution agreement with the company/manufacturer to sell their product locally.
1. Does anybody have any experience in such a venture?
2. Any ideas on best practice when reaching out to the company/how to reach out?
3. Anything I need to be wary of?
Totally understand Im diving in so you guys can be as brutally honest as possible but any help would be much appreciated!
Ive been an on/off member of this forum for several years. A bit of background about me:
- 27 year old Investment banker in London. Always wanted to do it if I didn't make it as a footballer (soccer player). Started working for a tier 1 investment bank straight out of uni....now earning very low 6-figures annually.
- After 1st year on the job, knew it wasn't for me...selling my soul 10/11 hours a day without fulfilment, office politics...not a good tradeoff for me.
- Read MJs book and was so fascinated I literally begun counting down to when I would leave the slowlane.
- I quit my job a year ago to find myself and try new things out but the firm hired me back straight away and gave me a 5-month paid sabbatical.
- Ive half-heartedly ventured into a few side projects, from talent management i.e being a sports agent and music manager to a bit of e-commerce which didn't work out due to covid incurred costs.
- Ive been focusing on crypto for over a year now and also learning a bit of web design; shout out Fox Web School!
Recently had a basic idea which would have legs if executed correctly, was hoping for some constructive criticism or guidance:
There is a product in a growing industry which is going for approx £400 a pop, it is in heavy demand and I have also purchased one. The big problem though is the delivery time - It takes around 6 months to arrive!!!!! Which is crazy.
I want to engage in a wholesale/distribution agreement with the company/manufacturer to sell their product locally.
- I have no wholesale/distribution experience besides my failed e-commerce venture
- I am still mapping out the structure of the company as to decide who I should reach out to.
- I am super positive the product will sell well locally and customers will benefit from the lower lead/delivery times
- I am quite confident I can shore up capital to get started (assuming its not too much more than £100k)
- The company isnt a small company, I would assume annual revenue around the 8/9 figure mark
1. Does anybody have any experience in such a venture?
2. Any ideas on best practice when reaching out to the company/how to reach out?
3. Anything I need to be wary of?
Totally understand Im diving in so you guys can be as brutally honest as possible but any help would be much appreciated!
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