Is it worth of starting an electronic gadgets shop online for europe and america?

Discussion in 'General Business' started by salsan, Mar 10, 2010.

  1. #1
    Is it worth of starting an electronic gadgets shop online for europe and america?
    I am thinking of starting one and also want to know its marketing possibilities.

    Please advice me.
     
    salsan, Mar 10, 2010 IP
  2. manofwar

    manofwar Active Member

    Messages:
    1,058
    Likes Received:
    19
    Best Answers:
    0
    Trophy Points:
    95
    #2
    Electronics are such a saturated industry with a very low margin that I don't see the benefit mate. Some of these big electronic stores are clocking about 3% margin, which is a joke for online business - considering the vast amount of inventory investment.
     
    manofwar, Mar 10, 2010 IP
  3. mt33

    mt33 Well-Known Member

    Messages:
    1,085
    Likes Received:
    2
    Best Answers:
    0
    Trophy Points:
    123
    #3
    electronic gadgets are saturated , they aren't profitable at the moment , my idea health products are bestseller in marketing online

    good luck
     
    mt33, Mar 10, 2010 IP
  4. anantgupta

    anantgupta Active Member

    Messages:
    212
    Likes Received:
    1
    Best Answers:
    0
    Trophy Points:
    68
    #4
    yeah mt33 is right better to open health related product site or something else
     
    anantgupta, Mar 10, 2010 IP
  5. manofwar

    manofwar Active Member

    Messages:
    1,058
    Likes Received:
    19
    Best Answers:
    0
    Trophy Points:
    95
    #5
    Health is just about as saturated as electronics, don't hold your breath mate.
     
    manofwar, Mar 10, 2010 IP
  6. powerlifer

    powerlifer Active Member

    Messages:
    2,002
    Likes Received:
    14
    Best Answers:
    0
    Trophy Points:
    78
    #6
    unless its niche for either then most likely not saturated and unless you have major buying power you wont compete.
     
    powerlifer, Mar 10, 2010 IP
  7. rhoniedotcom

    rhoniedotcom Well-Known Member

    Messages:
    259
    Likes Received:
    0
    Best Answers:
    0
    Trophy Points:
    101
    #7
    Sex Toys have the best chance on line.
     
    rhoniedotcom, Mar 12, 2010 IP
  8. TextGalore

    TextGalore Peon

    Messages:
    33
    Likes Received:
    0
    Best Answers:
    0
    Trophy Points:
    0
    #8
    If you can make your business unique from the others, then you have a good chance. You must have a unique concept that will convince people to buy from you instead of just going to the local store or a larger e-commerce site. Here is a tip when it comes to finding a product: Products that are consumed (not just food but things you use and then need to replace) will bring repeat customers; repeat customers are guaranteed sales. ;)
     
    TextGalore, Mar 12, 2010 IP
  9. mori

    mori Peon

    Messages:
    400
    Likes Received:
    4
    Best Answers:
    0
    Trophy Points:
    0
    #9
    Its not easy when you have sites like dealperfect.com
     
    mori, Mar 12, 2010 IP
  10. mentos

    mentos Prominent Member

    Messages:
    15,280
    Likes Received:
    473
    Best Answers:
    0
    Trophy Points:
    330
    #10
    Yes it still worth it if you can find a cheaper supplier for your product.

    Try to sell something that very hard to get at your country.
     
    mentos, Mar 12, 2010 IP