Thanks for the replies guys. And yeah, you all are probably right in that the market is probably saturated and kinda tough to break into. I have already had some success in the gambling affiliate market, which many would say is pretty saturated. Now this can off course be attributed to luck, which it probably is, but it's not impossible to make it happen I guess.
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Originally Posted by dc_publius
Sex toys don't cost $1,000/piece and require 1000 minimum quantity order. How much "capital" do you actually need from these 2 people? Because otherwise, it sounds like they are bringing almost nothing to the table.
Start your website and slowly scale up your inventory. If it's as easy to sell at high profit margins, you will scale up very fast.
Now that you say it, it seems very obvious :P This will all be done online, and I hold all the expertise there, they will simply bring the capital, which thinking about it isn't all that much. Now, if they are eager to learn the business and help out, that could be a possible scenario.
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Originally Posted by kurosh
Well, not necessarily, but there is still room for more than one online shop right? I understand what you mean in that the competition will be pretty tough in this market, so maybe I should focus on a set niche of items?
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Originally Posted by Larry Legend
Sounds like a classic dropship industry imo. You are going to be going after super slim margins against people spending 90% of their budget on marketing/ advertising and squeezing out any edge they can find.
Def research the industry well and see if you think you can realistically compete before wasting your time.
Maybe we could start out making the site an affiliate site for other stuff, just to check if we actually know what we are doing?
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Originally Posted by GoodEnuff
Seems like it would be a very saturated market no? Kinda missed the bus on that one I think, could be wrong though.
My belief as well, but I will have to see how set the other guys are.
We are meeting tomorrow, and I will try persuade them not to try to this, to see if they really have set their mind. Also, would love to talk to the guy who had this success to try to gain some insight as to why and how.