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Dropship JV partners needed

Discussion in 'Joint Ventures' started by bmac, Jun 5, 2010.

  1. bmac

    bmac BANNED BANNED Premium Member

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    I have a supplier that I have used for years that supplies me with Slot Machines that I import from Japan. We sell them on ebay and several other places and they have very good profit margins and sell great. The problem is I sold all my inventory and spent almost all my cash on a new house (to good of a deal to pass up).

    So now I dont have the cash I need to buy a new shipment which is either 180 units or 480 units depending on the size of the container. So I am looking for some partners that might want to go in and put up some cash with me to buy a new shipment. The units are about $75 each plus shipping which is several thousand dollars so on a small order it will cost around $15,000. I have $5k so if I can find two more partners that can put in $5k I could get a order on its way.

    I will take care are of the selling (we have a site and several sales channels already). All you do if put up the cash which is backed by inventory and you will make a good return. The machines sale for $199 up to $399. Most on ebay will bring around $200 per sale so you make at least a 100% return but usually about 130% return. It takes about 90 days to go through a small container. I have had days where I make $5k in one day selling them at some offline events.

    Anyone interested PM me and we can discuss more.
     
  2. CasinoJack

    CasinoJack BANNED BANNED

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    It amazes me how many people suck at business. Buy a house but now cannot make a living? Sure.
     
  3. bmac

    bmac BANNED BANNED Premium Member

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    I bought the house because I will make $80k off of it. It is not a house I am going to live in and I never said I cannot make a living. I said I dont have the cash until next month to get a new shipment.

    Do us all a favor and stay out of post if you have nothing constructive to say.
     
  4. CPAKing11

    CPAKing11 Jr. VIP Jr. VIP Premium Member

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    Whats the surety that you will pay us and on time? Like what if we help you in getting that shipment and then you suddenly vanishes away? Because we won't have anything in written and specially for overseas partners? And how soon you think we will be able to make that money back?
     
  5. bmac

    bmac BANNED BANNED Premium Member

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    Written contracts will be a must. We have been doing this for six years. I will entertain overseas investors but this is really ideal for someone from the US and I would be more than happy to meet the investors in person at our facilities.

    As far as return I would say around 90 days. It takes 30 days for the shipment to arrive and another 30 to 60 to sale all the machines. We will pay weekly returns based on the sales. The time it takes also depends on pricing. Our main competitor sale the machines for $399 each. At that price it will take longer to sale. We sale them for $199 to $249 each. It also depends on the time of year. At Christmas time we can sale 1k machines in a month if we have the inventory.
     
  6. BassTrackerBoats

    BassTrackerBoats Moderator Staff Member Moderator Jr. VIP

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    It's an Algo, of course it can be gamed.
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    I know the OP and he is a smart businessman and a stand up guy.

    Your comment is out of line.
     
  7. Twins2222

    Twins2222 Regular Member

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    how soon are you looking to make this purchase?
     
  8. bmac

    bmac BANNED BANNED Premium Member

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    Thanks basstracker...As soon as possible, I only have thirty one machines left in inventory so I need to get them soon or I will lose sales.
     
  9. tom14cat14

    tom14cat14 Junior Member

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    This is interesting but i dont have 10k sitting around