Hoho nice topic and thanks for sharing!

i'm currently final year student taking civil engineering.

I started my business in this forum. I decide to do online business rather than playing game. to be honest doing online business just like played games.

At first I start by selling second hand stuff in this forum.
then i apply to be distributor for computer and laptop. Selling laptop and computer in online and to juniors at my university. (i'm so proud of my self manage to convince supplier to allowed me to be their distributor - same supplier for lowyat plaza shoppers) - manage to do it by email and 1 phone call

like most people said, computer business is very low profit margin. petrol,time and problem not worth for me to go on. so i stop selling IT product.

then I dont have anything else to do and get bored. so I get item from other websites and sell it here. manage to get decent profit. one of the thing i sold are boxing bag .

Now i'm trying to import few goods from US and sell it back here. owh.. I also invest in rubber state in thailand. invest rm1k and get rm2k in just 10months.(i have friends over there). land owner need money and agree to give the rubber state to us for 10months .

Now i'm helping my mom to monitor/repair and collect money from her rental house.

she also have 4 acre empty agriculture land. basically she "give" me this land and ask me to do something with it. this land strictly for agriculture only.still doing my research what the best agriculture to do rite now. i have very limited capital(she will give me).

I have 2 ridiculous idea. 1 to produce civet coffee and another 1 is to make malaysia 1st venom/snake farm. I dont think it possible to do this. but i like this idea especially venom farm. as we know venom are highly valuable in biomedical industries. I wish i have expertise in handling snake


sorry for my bad bad english. i'm not good in language dawg . hope this will give motivation to student or youth who want to start business. honestly i said there is plenty2 of business opputunity out there. everyone will have the chance to do it. to be successful u have to have guts and the most important thing is to be hardworking!

This post has been edited by mousepad87: Jan 2 2010, 11:30 AM

thanks for suggesting me to convert the land from agriculture to commercial land. honestly the land is in the middle of on going agriculture land but at the same time few km from small/medium town in Selangor. I wonder if it will valuable enough or able to attract buyer to buy property there, science they have to travel between fish and chicken farm .

anyway i will try ask L&S Department, so i can have my future planing. maybe I can develop this land when i'm already be a contractor, let say in next 10 years?

If i rent the land to farmers, would they asking for long term contract. surely they tried to minimize the cost of mobilization. if they asking for 20years rent contract ..then i dont have my chance to do my own farming there. unless i rent half of the land .

one other option is to find partners instead of partners maybe I should go to ministry of agriculture and see what they can help.

I should have enough knowledge before i making my final decision. I will let u guys know what my final decision. if u guys have any recommendation, i'm well appreciate

may i add up few more point. dont flame me if i'm wrong.

from my experience few thing u have to consider other than cash flow.

U have to know who ur client(how many of them/what their buying power) and who ur competitors are. without knowing them is like hoping a fruit to fall down from a tree to ur mouth.

cash flow is very important also. u have to studied if u have enough liquidity especially when u involve credit term business.

one thing i think most people overlook is financial cost. cost when their borrow money from bank. interest rate and so on. one thing for sure dont buy ur stock using credit card and loan shark money

i'm still a student correct me if i'm wrong

ya ya especially during semster break when student going back to hometown. (so u running cost of this month must be dived for other month..so u have money to pay rental- this is important so u dont use ur personal money.

Tror
looking on ur estimate ruining cost monthly... i think u should find shop lot rental which is much cheaper. rm1k+ for selling waffle only maybe to expensive(try to rent potion of the shop maybe?). nontheles this biz have good potential especially when u give more choice and variety(tassstyyyy sandwic maybe ?)

just my non pro advice. good luck tror.

This post has been edited by mousepad87: Sep 1 2010, 10:19 PM

how young man like u able to buy silver/gold in big quantity to get supplier price. Can share how u establish your financial ?

rm300 + allowances + food la.... if pay rm300 bangla also dont want work leh...

im doing business since im in university... back then i manage to convince supplier to do business with me althought im new.

basically the supplier need us. so just approach them if u like their product.

up till now i have sell IT,sport, gold and toy product.

im consider my self as amateur. so before i buy stock from supplier... i tried to do dummy advertisement. to know the market and to get feed back. if i get positive feed back then i start to take stock.

then i put my self a goal. for example i need to get profit rm200 or 500 per week. so if by mid week im not yet get half from my target... then i will boost my marketing...

tips: get to know the market first before u take stock from supplier & get some knowledge

good luck to us

This post has been edited by mousepad87: Feb 18 2014, 08:33 AM

computer = google internet then find supplier company name then i make the contact

others = mudah lelong lowyat... then resell at lowyat and mudah back


why hassle to import from overseas? the most important thing how many u can sell and how much % profit u can make...