Hello guys
I'm just starting my journey as an entrepreneur now after 1.5 years on this forum. :smash:
My samples are coming in next week and I already have a ecommerce site in the works.
I also work as a inside sales person at a medium sized company and visited on of our suppliers.
I was really looking forward to this meeting because I knew he was an entrepreneur and already had 20 years of experience doing business.
We literally talked for 3 hours about business and maybe 30 minute about the actual work we had to do for the company.
I was telling him about my project I'm starting in the bicycle accessory niche and how I was going to import stuff and sell online.
He then told me about a project he and a friend started, bicycle and motorbike cleaning products that they are going to sell it to local bike stores (UK and western Europe)
He offered me the exclusive right to sell his stuff online.(Fixed prices)
I really like their line of products and the idea behind it.
Sounds like a dropship kind of agreement.
The positive is that I can only focus on marketing and don't have to worry about logistics, returns, import/export. (Good for a beginner?)
The downside is I lose a big part of my control over the business and the margins will be low(er).
What's your opinion on this?
Really don't know what to do here 😕
Thanks!
I'm just starting my journey as an entrepreneur now after 1.5 years on this forum. :smash:
My samples are coming in next week and I already have a ecommerce site in the works.
I also work as a inside sales person at a medium sized company and visited on of our suppliers.
I was really looking forward to this meeting because I knew he was an entrepreneur and already had 20 years of experience doing business.
We literally talked for 3 hours about business and maybe 30 minute about the actual work we had to do for the company.
I was telling him about my project I'm starting in the bicycle accessory niche and how I was going to import stuff and sell online.
He then told me about a project he and a friend started, bicycle and motorbike cleaning products that they are going to sell it to local bike stores (UK and western Europe)
He offered me the exclusive right to sell his stuff online.(Fixed prices)
I really like their line of products and the idea behind it.
Sounds like a dropship kind of agreement.
The positive is that I can only focus on marketing and don't have to worry about logistics, returns, import/export. (Good for a beginner?)
The downside is I lose a big part of my control over the business and the margins will be low(er).
What's your opinion on this?
Really don't know what to do here 😕
Thanks!
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