Ive started a small business selling tshirts. Tshirts based on hashtags. Just started not long ago. Moving on a slow pace as I do not have much capital. But I believe that if we really want to chase our dreams, we will find ways no matter what.

How does resellers negotiates deals with retailers selling shelf type products like in pharmacy , mph book stores even hardware like ace hardwares . I got a new product for sleep comfort which i wish to market to some shops. Usually, do we provide the stocks for them and collect payment based on product sales or credit term payments for reputable stores? How does the system works for consumers items ?

tgk kau niaga apa. yang aku confirm kalau ko pertanian. constructionn based on project RM 100k . kalau ko bukak kedai makan mmg senang ada agensi boleh tolong.

tapi kalau ko bussines kedai jahit kedai handphone kedai bengkel kereta kedai komputer i tell u need PREPARE u account properly.

ada ledger in ada bank statement. SSM dah 2-3 tahun. baru ada orang nak tolong.

Oooo. Ok. Thank you boss

biasanya diorang akan ambil banyak dan mereka akan mintak "hutang". atau terms. terms tu pulak bukan sebulan 2 bulan boleh jadik 3 bulan. pastu kalau produk ko tu produk baru atau nama cam pelik pelik sikit dia akan letak ko punya produk tu bahagian belakang hujung sekali. yang depan depan semua jenis top top sold out cepat.

kalau terms tu dah habis barang tu x boleh jual diorang akan cuba utk pulangkan balik (x nak bayar satu sen pun).diorang akan bayar ikut jumlah barang dan kuantiti barang yang dijual.

walaupun ko bagi barang terms 3 bulan ko nak tunggu payment dari kompeni besar ni ko punya naik turun naik turun tu lebih 5 kali. bagi macam macam alasan. bos keluar la. cheq dah siap tapi belum sign la.

part yang paling menyakitkan hati dan jantung serta merosakkan buah pinggang ko time bila cheq tu dah siap cth 4 hb / 1 / 2014 diaorang akan call ko pada 29/1/2014 . kalau katalah ko ada supply barang A pada bulan lepas dan bulan ni ko supply barang B tiba tiba lah barang A ko tu ada warranty atau complain ...

payment barang B ko diorang akan "tahan" payment ko utk berapa minggu dulu until kes ko setle. diorang puas hati problem settle diorang release payment.

ni biasanya berlaku kalau company ko "enterprise" "solepriopator" ko nak deal dengan Sdn Bhd atau Listed company. kalau ko punya company sama "besar" dengan company yang ko nak deal tu mereka macam respect ko sikit. (macam bagi muka sikit)

syed al bukhari pernah berkata "kejayaan seseorang itu TIDAK TERLETAK PADA BANGSA DAN WARNA KULIT" yang menentukan kejayaannya ialah "minda" nya atau dalam bahasa senang.

cara kita berfikir.

thanks bro for writting out so detail. I don't think i wanna deal with big firms yet until i get the distributor rights in future. i will just concentrate in lelong.com and mudah.com first. facebook seem difficult because search engine not so fine unless i put up advertisement .

What u wanna sell in supermarket?
If purely accessories i also thinking not worth to do in supermarket ( my brain la )

I also planning to do @Amcop Mall weekend Flea market , Rasta TTDI other place i dont know yet mang

IF want kira

Rental
Gaji worker
Internet

Also spare for ( if Selling gadjets )

-Warranty claim
-Prepare to repair in case careless while checking phone with customer
-Any human error while handling stuff

The question is how ppl know ur product is ori or fake?

Even the cert can b fake too

normally when u sewa mahal u pekerja gaji mesti murah gila. but if u sewa murah atau rendah u gaji mesti kaw kaw gaji. but u as bos please and please take attention what u workers doing. dont act like 100% bos. because IF u customer NOTIFIED this problem they will "Support" u workers not u bussiness or company.

if one day u workers nak berhenti kerja u cstomer will find him not u. why find him ? he just STAFF ONLY. because U ALWAYS NOT IN SHOP! people not recognize u. people dont know what the hell are u. people always seen u STAFF 12 hours at shop.

most sadness part is...u STAFF more "firendly" than u bos.

u know belakang pasar borong selayang? got Napel and Myanmmar open shop right? at 1st place they KULI only. but after 2 years or more and get customer and supplier know him terus bukak sndiri......u CAN SEE PROPERY SIGN BOARD WRITE DOWN IN NEPAL / myanmmar Languange.

thats why got word such as "compatible" "Grade A++ Quality" atau "OEM" mana ada orang jual barang mengaku barang dia "FAKE"

if u jual barang fake and u can jual with no pronlem AT ALL.... "someone" will be "buthurt" with u bussiness. and this "someone" will report authority about u activity and once u kena rush by KPDN (kementerian Pengguna dlam negeri) habis la biz.

my advice is once u get profit in this bussiness please "invest" this kind of profit money to another bussiness. at least kalau kantoi kena serbu by KPDN and kena denda RM 500k kerana menjual barang TIRUAN. u can PAY

For a small enterprise , Home business. How to keep track of customer sales record and Stocks Inventory ?

let say i want to have my stocks and accounting combine together . So that i know the profits and stocks availability. Should i get Excel templates or invest in software?

Assuming Sales is 1-2 customers per day and not much of computing at the moment . No need invoice as items will be sold in Cash or bank in.

I don't think i want to invest in expensive software yet. any cheaper solution beside using manual work like Excel. tq

Invest in software for the long-term

But of course i'd recommend that... apart from software, then its Excel, keep all your bills and receipts, then at end of year pay someone to do the accounting for you. Either way there's always costs involved.

Hey this is a really great thread! Good to know that there are successful investors/businessman willing to share.

With the ever hiking cost of living and stagnant salary, what kind of business do yous think a wage earner can start?

Say an average wage earner like me would have savings of about 50-100k. Me and a few other friends sat down and talked about starting together. It turns out that we have the money but no time and a clue on where to spend it on.

I'm like hey I have several friends like this who all has money but no time. And most of them has their own job/business to look after but wont mind to have a second/third income generating business, and over here at LYN has bright successful enterprenuers, mind to share your thoughts and ideas? We can maybe work something out together

Any good software to recommend? Will look into it later

Please ignore.

This post has been edited by Applehead: Feb 19 2014, 04:32 AM

I open resit since early this year

All my sales i recorded on excel file .
Year end i print out and put in into folder.

UBS & MYOB is the way to go

i deal in SQL Financial systems so of course i'd recommend that. when you are ready maybe we can meet and chat about your requirements.