Hot answers tagged retail
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It's a bold idea. In the UK, a related story is playing out.
The UK is pretty developed for online grocery ordering. The major supermarket chains (such as Tesco) have online ordering, and most will allow you to order food and other items for delivery or for collection at the store. They also operate many formats under related brands, from large out-of-town ...
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AFAIK Apple don't allow you to have "In App" purchases without using their system and giving them their cut. Doing so is a ToS violation and could get your app pulled.
As far as I can work out you can do a simple link to a web page from your app.
Even Amazon had to comply
...
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Apple in-app purchase is only for (and required for) non-tangible goods. For that, they get 30%.
IF you are selling tangible goods (shirts, etc) use other services like braintreepayments or zooz
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Amended answer
Fraud is a huge risk with any international clients. Many sellers simply limit the list of countries, to which they ship, for their own safety. You can always refuse orders to customers in the ex-USSR, which is actually 15 different countries and 3 of them are now in the EU.
In the last couple of years, several businesses were created to ...
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You didn't mention what state you formed your LLC in. When there isn't an operating agreement, your state's LLC act will put in a bunch of default provisions, including rules on dissolution and withdrawal. That's the first place to look since it tells you what's going to happen if you and he don't agree on what to do.
If his estimate of the value of the ...
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Yeah, drop shipping is definitely the answer.
You will have to establish relationships with manufacturers to access their drop ship catalogs.
If you have or can get connections directly with manufacturers, that is going to be your best bet. There are a bunch of "We help you easily get started in drop shipping" companies that rip people off. It might take ...
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To get your own bar code with your own company identifier you need to become a member here http://www.gs1us.org/ I think it costs about $750 US. They'll give you an identification code that you can use to generate your own bar codes.
If you just need a single bar code and you want it cheaply then you go some place like this: http://www.buyabarcode.com/ ...
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Profit is the margin that is left after costs. Costs include replacing the stock. If stock costs $5 and you sell it for $6 you should have $1 of profits. If the cost of selling that is an additional $1 then you have no profit.
Maybe what you are doing is buying more stock than before which is investing but otherwise it sounds to me like you need to lower ...
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Firstly, I'm not a lawyer, nor am I an accountant so you will have to work on the detail with them.
You have a few issues but it can be resolved.
Valuing a business. The $100K isn't totally unreasonable, possibly on the high side but you can take it to an independent valuer to get a real number. Rule of thumb is 2 years gross revenue + stock. You would ...
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Well - If he thinks that the business is worth 100K then call his bluff - have him buy your 1/2 of the share @ 50K. When he balks, then ask what he thinks is reasonable. When he answers with a reasonable amount, then say - okay, I'll be happy to buy you out at that price as well.
Migrate the discussion into that the business will not survive the way it ...
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What you're looking for are "Fulfilment Services".
Typically
You (or your suppliers) send products to their warehouse
They store them
When customer places an order you send info to them
They pick,pack and deliver
Amazon do this - but there are lots of other suppliers, some targeting niches like small players, fresh produce etc and many that won't ...
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There are complex models to calculate business value but hard to apply to small cases. For small business, the simple method is to multiply years to annual profit.
Company value = Years X Annual profit
For annual profit, it should be your annual net profit minus the market value of you two's salary, because you and the partner don't get salary from the ...
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I'm assuming you're talking about the US. You cannot pay the tax for them, they pay for themselves. If they refuse to provide the tax id, you must withhold per the IRS rules (30% IIRC) and they would then go and claim refunds on their own.
I'm not sure why they would need EIN, but they would definitely need a tax ID (which could be SSN as well) for tax ...
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Wow. I really like this product. Now to the important stuff:
First, I want to explain the dynamics of businesses like yours, because that will show you why investors and stores are unimportant.
You have a great idea, but presumably no patent. That's not a bad thing, because patents are by many people's estimations, mine included, ineffective. But because ...
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Have you looked at Bluehost.com link? It's incredibly cheap ($3.95/month) and we've had good success with it running several blogs, and WP based sites on it. I'm pretty sure they support Magento. Depending on your longterm goals, it may just be an option, but it's one worth checking out.
If you do go down that path: ...
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Sorry, I do not have any angels in mind, but a piece of advice before pitching this to investors..
Don't base the business's success on the premise of, "if 1 in every 1,000 golfers buys a product it will generate x amount of revenue."
If that were the case, building a successful company would be the easiest thing on the planet, all we'd have to do is get ...
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The TOS for apple is clear that IAP must be used when selling virtual goods, and cannot be used for selling tangible goods.
eBay will sell about $5B of merchandise this year via their app, without giving apple a cut from the sales.
While apple can always change the rules, under the current ones, you have nothing to worry about.
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I can't give you a 100% answer from experience, but Amazon has an app for the iPad, and there is no way Amazon is giving apple 30% or anything really. They don't have such big profit margins and would use a web app instead if they were giving up a percentage of sales.
I know recently (a few months now) Apple changed their terms, and this is no doubt why ...
1
As elssar points out, you're not competing with Amazon.
Keep in mind that Amazon chose books initially because they had reasonably high margins and had a known quality.
As a consumer I may buy branded packaged goods sight unseen - but I am reluctant to buy anything online where the quality (or fitness for purpose) is uncertain. If I can inspect the items ...
1
I guess you all would love to hear this awesome Audio,
Revealing Design Treasures from The Amazon by Jared Spool:-
http://chi.conversationsnetwork.org/shows/detail4681.html
http://chi.conversationsnetwork.org/audio/download/chi.baychi-JaredSpool-2010.09.14.mp3
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First of all, this wouldn't be competing with Amazon, it would be getting into a niche that Amazon doesn't currently service.
Now, last year two of my friends had a very similar idea & I'll tell you what I told them - I don't think it will work.
I'm coming from an Indian perspective, but I think it would largely apply to other places too.
In most, ...
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There are really good reasons that the affiliate networks for accessing retails can company steep commission levels. There are also really good reasons that hiring a experience sales person in this market space is going to be a significant monthly expense.
Retail Expensive to Penetrate
Retail is a crowded market with a significant number of vendors ...
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Penetrating the SMB merchant market is extremely difficult, and I would recommend against the standard SEO/SEM type solutions because it's unlikely that these merchants are actively looking for a solution - they are mostly running their business, and when they have a few minutes late at night they might do some searching.
So, rather than try to "generate ...
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