if your price is lower than our competitors and service is good...sure will have customers

plastic kit or weed??

I also interested.

I think it will be high costing but very little profit margins  because many competition of prices.

If u okay with 5-10% profit..then just do it n gud luck

*Gunpla*
1. You are targeting a niche in an already niche plastic models market.
2. Only 1 official distributor in Malaysia: Litt Tak
3. Consider diversifying into other toys and hobbies merchandise as well.
4. Be part of the community like how some shops became a hub for plamo lovers to gather and build their Gunpla.
5. Look into Price, Service and Social Engagement.
6. Profit margin is low. Engaging in a price war hurts both you and your competitors.

Also to add:
1) Hobby shops are already a small niche market. If you solely focus on Gunpla, you will be stuck with a very very small client base.
2) Initial investment is not cheap, builders will always go for RG and MG products.
3) Your competitors have P-Bandai offerings, how are you going to obtain and sell Premium Bandai kits that are Japan exclusive?
4) Not only you need to stock up on Gunpla, you also need to stock up on paints, airbrushes, glues, props.
5) In the event of sole distributor, most likely they will impose a price floor to prevent a price war. So at most you can only rely on service and other aspects.
6) You need to manage your logistics and inventory level.
7) There are other suppliers, but most likely are grey imports.
8) Yes, Gunplas are expensive because shipping, distribution, warehousing, retail rental, salaries and import duty etc. You cannot just look at the difference between Malaysia and Japan price. Bringing the item from Japan to our shops will incur costs and these costs are not cheap to begin with.

so is gundam lah.
bang tauhu ka anda Daban Gundam satu biji berapo ka??
Mg rezel type C baru rm below 100 saja yo.
mana ada untung ponya.

base on experience, not recommended unless u have huge pool of friends who would support u

else for new customer, why would they choose u instead of current ones?

i got 2 friends who open shop sell collectibles/figurines..both also kolos...

market too niche..and competitors alot...and now with cheap shipping from taopao even worst

Yesterday I just sent something to a newly open shop at Summit. They sell Gunpla & other collectible like Lego, etc.
According to the partner, the start up cost for his shop is about RM 240k, RM 60k for renovation & a part part of it for inventory.

At the mean time, my cousin dump her ex many years ago because he can't make a real living by just selling gunpla online. Reality is cruel.

1. P-Bandai is short for Premium Bandai. Japan exclusive limited edition models. You need to have connections from the Japan side to get the items here.
2. If your supplier is the official distributor and you do not follow their floor price, they have the right to NOT supply to you anymore. Price floor is there to prevent price wars. If all retailers can suka suka lower their price and cut their profits, it would make the business prospect more unattractive. Who wants to be in a business where they cannot earn money? It would hurt the entire market in the process. Retailers die = distributor die = market die.

if u read what the others posted here, basically u need to do a few things before u even start a shop

1) create your niche in the market. what makes you stand out over others? what will make fans drive a long distance just to go to your shop and not the ones nearby their house.
2) once u have created a niche, you need to make a name for yourself. where else to do this? youtube/facebook/etc basically show to the world why u r different. it is free also.
3) when you have enough followers/support or make yourself know enough, then you can think about a business. when you are famous, ppl will come.

If u below market price 30% I buy gandum from u con9lan7firm ond

u need to aware about gundam china copy as well. with rising on currency more people opt for cheaper products.

got custom contact? if not forget it

Best way is to do it online first.
If you do open one, I'll support you.

No...I bought most of my stuff from HLJ..they always offer good and discounted prices. Use to buy from XL Shop but found out that buying from HLJ, Hobbysearch and Robot Kingdom is way more cheaper..if you opt the normal shipping.

Start something new like some 3rd party companies are doing for Transformers...like upgrade parts, dioramas etc. There's a huge market in the US for action figures some even being crowdfunded...and not many companies are doing does sort of stuff.

One question which could EASILY be a deal breaker: Are you are gunpla builder or do you have any prior experience in toy collection / plastic models?

btw, y dnt u make ultraman business?
conlan7firm can earn higher.

even times square price is very competitive

if you get alot cheaper price and service is good i think no problem one

plus giving freebies also can attract customer

TS when open shop let me know , i can see see

Nope.. Just because it's your hobby and interest doesn't mean it can sell well here.. Alternatively, most of my friends bought directly from Taobao; cheaper and looks even more badass than the original series.. The quality given is onpar..