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 For Small and Medium Business Owners, Come In and Share Your Biz.

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NightHeart
post Apr 5 2011, 11:56 PM

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QUOTE(Ken.B @ Apr 5 2011, 11:14 PM)
The first option: I work for my own.
2nd option: I work for others (X pet shop).

However, if i go for the first option, I'll be getting my supplies from X pet shop. There won't be any difference right?
*
The 2nd option sounds like you're gonna be an employee in someone's pet store. I still don't really get your 1st option, it's kinda vague to me.

Are you planning to open your own store? If you do, what kinda pet store? There are several types;

1) Pet services - grooming, boarding, training
2) Retailing - sale of cage, foods, supplies, clothes, toys etc
3) Live stocks – sale of the pets themselves

Also, since you're a student, have you ever consider the amount of capital needed to start-up & where to source for capital for whatever you plan to do?

QUOTE(Ken.B @ Apr 5 2011, 11:14 PM)
Based on your experiance, will the owner sell me the pet supplies if they know that I'm trying to do my own business?
*
Based on my knowledge, it's better to get your supplies from a distributor instead of another pet store. Profit margins, are you planning to jeopardize yours? I doubt any pet store will be reluctant to sell their products to you at their usual price, especially when you're gonna sell them at a higher price in your own store. This is because you already lost the price competition.
Ken.B
post Apr 6 2011, 02:11 AM

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QUOTE(NightHeart @ Apr 5 2011, 11:56 PM)
The 2nd option sounds like you're gonna be an employee in someone's pet store. I still don't really get your 1st option, it's kinda vague to me.

Are you planning to open your own store? If you do, what kinda pet store? There are several types;

1) Pet services - grooming, boarding, training
2) Retailing - sale of cage, foods, supplies, clothes, toys etc
3) Live stocks – sale of the pets themselves

Also, since you're a student, have you ever consider the amount of capital needed to start-up & where to source for capital for whatever you plan to do?


Yes, I want to start my own pet store. I'll draft out my business plan after my finals. smile.gif

QUOTE
Based on my knowledge, it's better to get your supplies from a distributor instead of another pet store. Profit margins, are you planning to jeopardize yours? I doubt any pet store will be reluctant to sell their products to you at their usual price, especially when you're gonna sell them at a higher price in your own store. This is because you already lost the price competition.
*
Well, I've contacted the manufacturer and they directed me to this pet store. I think that they might be the sole pet store that have this brand cause most pet store in KL does not have. Therefore, the target market between me and his will be different. I'll be selling online and to other pet store by hiring an agent.
Patrick Star
post Apr 6 2011, 09:16 AM

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Hi all,

I already asked few logistics company what is the cost to ship items from China to Malaysia.

The shipping cost is very expensive even though ship thru sea.
When calculate including all the cost, selling the item here will be costly and didn't get any profit.

Is there any alternatives?

Anyone here provide cheap shiping service?

Please advice.
ah_suknat
post Apr 6 2011, 09:56 AM

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QUOTE(Patrick Star @ Apr 6 2011, 01:16 AM)
Hi all,

I already asked few logistics company what is the cost to ship items from China to Malaysia.

The shipping cost is very expensive even though ship thru sea.
When calculate including all the cost, selling the item here will be costly and didn't get any profit.

Is there any alternatives?

Anyone here provide cheap shiping service?

Please advice.
*
the reason its expensive is you ask local logistic company...if you want to get stuff from china you should ask logistic company FROM China to get the stuff ship to here...alternative is to ask your suppliers from China to get logistic to send their stuff to here, they usually do that.
Patrick Star
post Apr 6 2011, 10:00 AM

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QUOTE(ah_suknat @ Apr 6 2011, 09:56 AM)
the reason its expensive is you ask local logistic company...if you want to get stuff from china you should ask logistic company FROM China to get the stuff ship to here...alternative is to ask your suppliers from China to get logistic to send their stuff to here, they usually do that.
*
my supplier also got ask..the price even higher than the price i get from here
ah_suknat
post Apr 6 2011, 10:36 AM

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QUOTE(Patrick Star @ Apr 6 2011, 02:00 AM)
my supplier also got ask..the price even higher than the price i get from here
*
China is like that one...first quote sure chop you kow kow...nego with them
etigge
post Apr 6 2011, 12:52 PM

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QUOTE(ah_suknat @ Apr 6 2011, 10:36 AM)
China is like that one...first quote sure chop you kow kow...nego with them
*
tongue.gif I have a friend who has relatives in China. The Chinese came visiting and he became the guide and he went to China one day he was amazed by the prices there, He was in IT line (more like computer retailing). He then ask a friend of a relative to bring him around and ordered a container ( a half sized 20 feet container) of the accessories. After paying for them, he asked his relative to cheack on the goods when they are loading. He checked and almost half of them are replaced by other useless stuffs. He argued and corrected the stock. What happens if you don't have a guy you can trust shocking.gif especially on the first consignment.

Then again, after the first container our friend turned his business from owing suppliers to suppliers owing him money. That's motivation enough for him. nod.gif
Ken.B
post Apr 7 2011, 01:54 AM

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QUOTE(Ken.B @ Apr 6 2011, 02:11 AM)
Yes, I want to start my own pet store. I'll draft out my business plan after my finals. smile.gif

Well, I've contacted the manufacturer and they directed me to this pet store. I think that they might be the sole pet store that have this brand cause most pet store in KL does not have. Therefore, the target market between me and his will be different. I'll be selling online and to other pet store by hiring an agent.
*
Uhm, can anyone give your viewpoint on this matter?? I'm a here to learn so forgive me if I did say something stupid. smile.gif icon_question.gif
NightHeart
post Apr 7 2011, 08:00 AM

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QUOTE(Ken.B @ Apr 7 2011, 01:54 AM)
Uhm, can anyone give your viewpoint on this matter?? I'm a here to learn so forgive me if I did say something stupid. smile.gif  icon_question.gif
*
If you've decided to do an online shop instead, you can check with some forumers here. I'm sure you've noticed that the number of online pet stores have increased. Some of them are well established already e.g. Chubbypetsgarden, Petshack, Petsmore etc. Some don't even have a shop name or website, just a thread that they update every now & then. Take note that by going purely online, you'll lose the target market for those would still prefer traditional brick & mortar shops.

It'll be good to specialize in something rather than be a jack of all trade seller. At least you got customers coming to you because you're good in something. For your case, maybe you could specialize in hedggie or gliders.

Actually it's a little difficult to give opinions if you didn't give specific details on your plans. How do you plan to execute your online store plan? Will you have your own site? Or you're gonna ride on blogspot, facebook etc? What do you have with you already so far & what are you getting?
Streetrat
post Apr 7 2011, 11:31 AM

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QUOTE
Hi guys, im new in this tread. Nice to meet u.

I was thinking lately that i wanna be a master distributer for some products from oversea. Means im the sole distributor of the product, and distribute to either other distributor or retail in whole malaysia. Is this a good business to start with as a first business?Can anyone teach me where to start off as a basic?

Forgot to say that, i wont be starting straight as a sole distributer, for now i wanna open an enterprise company, and start out small by distributing 1 product that come from other sole distributer, where should i start from?




Can anyone give some opinion on my topic please?Thanks

This post has been edited by Streetrat: Apr 7 2011, 11:33 AM
georgelimsk
post Apr 7 2011, 01:38 PM

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what u wanna sell? imported chicken?
Bonescythe
post Apr 7 2011, 01:55 PM

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QUOTE(georgelimsk @ Apr 7 2011, 01:38 PM)
what u wanna sell? imported chicken?
*
Hahaha... Mind you, these are good business with great profit margins
ahmadtarmizi88
post Apr 7 2011, 08:25 PM

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oh, i must read from beginning, then give my business proposal
Awakened_Angel
post Apr 10 2011, 01:55 PM

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hi edyek,

I know you are expert in property. Just want to see what`s your opinion on my circumstances here. just purchase a 2acre land for stock and bird house. Well, 2acre land is not big and not small. Wondering what`s your thought on increase revenue from this land besides stock and BH? its secluded between rubber and scrubs bush... about 2mins drive from main road.... hmm.gif

cheers
kakaakajes
post Apr 13 2011, 03:28 AM

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is it right to say that pasar malams are also a fantastic market.compared to online selling, pasar malams reach a larger market (being portable and all). not to mention they are probably cheaper (less rent, but maybe more petrol?) to maintain.

of course, it depends on what you sell.
i saw this uncle with a super 'vintage' (read OLD) motorbike who sells just 3 kind of tong sui at pasar malam. queue is not very long, but got constant customers. i estimate he can sell about 600 bowls/packs of tongsui, each about rm3. so if profit is rm1 per b/p, thats rm600 a day, rm3600 a week, rm15k per month. EVEN if i overestimated, rm15k divide by 2 = rm7k is still pretty impressive for just selling 3 tongsui!!

so does anyone know how to start a pasar malam stall? like, how much is rent and who do we go to???
Awakened_Angel
post Apr 13 2011, 09:14 AM

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QUOTE(kakaakajes @ Apr 13 2011, 04:28 AM)
like, how much is rent and who do we go to???
*
do you think many people pay the rents in pasar malam?
katopunk
post Apr 13 2011, 09:25 AM

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QUOTE(kakaakajes @ Apr 13 2011, 03:28 AM)
is it right to say that pasar malams are also a fantastic market.compared to online selling, pasar malams reach a larger market (being portable and all). not to mention they are probably cheaper (less rent, but maybe more petrol?) to maintain.

of course, it depends on what you sell.
i saw this uncle with a super 'vintage' (read OLD) motorbike who sells just 3 kind of tong sui at pasar malam. queue is not very long, but got constant customers. i estimate he can sell about 600 bowls/packs of tongsui, each about rm3. so if profit is rm1 per b/p, thats rm600 a day, rm3600 a week, rm15k per month. EVEN if i overestimated, rm15k divide by 2 = rm7k is still pretty impressive for just selling 3 tongsui!!

so does anyone know how to start a pasar malam stall? like, how much is rent and who do we go to???
*
You don't want to estimate. I suggest you go sit down few nights observing his business. How many cover did he made? I think this is more accurate.

I was told that there are a group of people controlling the pasar malam. Most likely the local gangster. But not all pasar malam's like that. Just ask around and see.

This post has been edited by katopunk: Apr 13 2011, 09:25 AM
etigge
post Apr 13 2011, 10:33 AM

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QUOTE(katopunk @ Apr 13 2011, 09:25 AM)
You don't want to estimate. I suggest you go sit down few nights observing his business. How many cover did he made? I think this is more accurate.

I was told that there are a group of people controlling the pasar malam. Most likely the local gangster. But not all pasar malam's like that. Just ask around and see.
*
'Pasar malams' seems like ideal, doesn't it. Every business comes with it's sets of problems. 'Pasar malams' are not permanent, they are fluid. The street can be taken over overnight and rights denied if there is a need by the local council. The local gangster as mentioned are called " commitees" nowadays and most of the times they are the 'RELAs' there too. There are responsible for collection of money (under or ontop of the table) for rubbish collection and cleaning of the street after the session. Fights used to happen when another fresh trader moves in.

Usually I notice that if a trader wants to start, he will place a table at the far end of the 'pasar malam' and then see what happens. Then maybe the commitees will approach you or the local enforcement will approach you. If you go apply, they (local municipality) will tell you the quota is full for this or that 'pasar malam'. Some have friends selling in a particular spot and they multiply their table space and types of goods at the same spot. Some take over from existing traders.

'Pasar malam' worst nightmare is rain. Worst still when it rains after the stall has been set up. Just guessing how much a 'tong sui' seller makes is in the end a guess. He might be just selling only at 2 or 3 spots a week. Those that they allow him to sell. If he is selling well, then his must be good and that entails long ardous task of preparing unlike nowadays where a lot that uses powdered form of 'tongsui'. What difficulties he 's going through (I am sure he has problems) operatiing that stall is unknown to us. A motorbike carrying 600 bowls of tongsui doesn't really compute in my mind. That's a lot of tongsui actually. You can actually gauge the amount he is carrying to sell. 3 types means 3 pots. A bowl is 300ml. 200 bowls is 60 litres. Multiply by another 3 means he is carrying 180 litres of tongsui on an old motorbike. That's almost 3 full tanks of petrol in a normal car. My guess is he probably selling half of what's mentioned.

Bear this in mind, " Ho Tai Em Ho Sek". laugh.gif
ah_suknat
post Apr 13 2011, 12:05 PM

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QUOTE(Awakened_Angel @ Apr 10 2011, 05:55 AM)
hi edyek,

I know you are expert in property. Just want to see what`s your opinion on my circumstances here. just purchase a 2acre land for stock and bird house. Well, 2acre land is not big and not small. Wondering what`s your thought on increase revenue from this land besides stock and BH? its secluded between rubber and scrubs bush... about 2mins drive from main road....  hmm.gif

cheers
*
whats your initial plan prior buying this land? whats your purpose?
Awakened_Angel
post Apr 13 2011, 03:35 PM

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QUOTE(ah_suknat @ Apr 13 2011, 01:05 PM)
whats your initial plan prior buying this land? whats your purpose?
*
houing stocks... due to its bird hosue strategic location, i`d build a BH there as well. but even with BH & stock, some space are left empty...

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