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Anybody in retail?

Discussion in 'BlackHat Lounge' started by christianbed, Jul 16, 2013.

  1. christianbed

    christianbed Jr. VIP Jr. VIP Premium Member

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    I've been doing pretty well in IM, mostly with SEO and ORM stuff, but I'm amazed by how time consuming it is at times. I'm not giving up the ship by any means, but I'm thinking that it might be worth funneling that $ into a physical retail store (I am fortunate to live in the Beverly Hills of New England, so plenty of $ floating around).

    What I've found with SEO/ORM is that it is much easier to go for big contracts than to manage a bunch of $400-500/mo sites. I'd like to think the same applies to retail.

    I'm trying to think of something with high margins (obviously!) and a low return rate. There are supercar dealerships, some art galleries and a few boutique furniture stores here that fit that bill, but those niches are way above my budget. I thought of getting into consumer electronics, but again, inventory costs are high. Jewelry is probably good, but this is multi-millionaire land, (think hedge fund central), and I cannot afford the kind of inventory they would want.

    I'm thinking oriental rugs atm, because you don't have to worry about stuff going out of style...of course, genuine rugs are hugely expensive and have to be pedigreed (no AliBaba suppliers would qualify, I'm afraid).

    Anyway, this is a bit of a ramble, but I'm just wondering what others might think about the move toward retail. (Yeah, I know, open an online store and use seo skills to rank it...the problem with that is (a) Too susceptible to algorithm changes (b) Wealthy people don't buy luxury goods online--they want to look, feel, and ask about it. One-to-one service is everything.
     
  2. chriswick

    chriswick Registered Member

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    My friend who's 24 is in retail, right now he runs a card and party shop here in the UK. Not sure what the margins are but they must be very high, we're talking like £2.50 for a piece of card that couldn't have cost more than £0.30 (if that) to produce. I think cards are a good business. Lots of birthdays, Christmas etc and there's a lot of social pressure to send them. Lots of repeat business etc. But of course it's very volume driven, however once you get people through the door you can up-sell them with expensive gifts etc, maybe cut a deal with a florists on an affiliate basis (so you're not carrying risk) and stock flowers.

    Maybe have a think about it.
     
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