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i have a money making idea - help me develop it

Discussion in 'Making Money' started by moose88, May 13, 2012.

  1. moose88

    moose88 Newbie

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    my idea is not revolutionary

    Its a straight foreword idea which i personally believe could help a lot of people here make a couple hundred/ thousands on autopilot every month

    basically recently ive been reading about a lot of start ups, and the ones that interest me the most are monthly fee/ membership businesses, which run on auto pilot

    because after the initial effort of getting the sales, you can just upscale until you reach the desired income , then sit back & relax

    so anyways, the reason why im giving this idea away is because i believe you can do this from any where, as it is location specific, and nobody here would be effecting another persons business

    Also, I was hoping by being generous enough to share my idea, some of you guys might be able to advice me on some of the points im not too sure about...

    so anyways here goes...

    its the basic idea of supplying daily contact lenses!! ta da!!

    think about it, most people buy daily contact lenses from their opticians at rip off prices, not many normal people order lenses off the web, as its not a well known method of saving lots of money

    before i looked online i was paying £30 a month for monthly lenses

    now i pay £12.50 a month, and these are dailies (which retail at a higher price then monthlies, as dailies are more comfortable and also you dont have to buy any contact lense solution to keep the lenses fresh, as you can throw them away at the end of the day)

    so anyways, since ive been using this site, I have literally converted all of my friends into using it..

    but i was thinking today,

    if you could import daily lenses from china(seen a few adds on alibaba), or find a person who dropships

    then you could do a crap load of offline marketing + regional online marketing (national online marketing in this market is dominated by the big boys, who like i mentioned sell at rip off prices), to get orders for these lenses...

    each customer will order every month, and potentially you could make a killing

    i was looking on alibaba, and they were retailing at $3 per box of 30, so that would be $6 for a month supply(60 lenses). (ive never used ali baba so i dont know what additional costs they expect you to pay, I imagine importing fee's and taxes etc)

    but anyways, i really think this would work, as you could make around $5-$10 profit per customer per month (after the first sale, that customer will probably try your lenses, and automatically re-order for many years to come, as your prices are like 1 third of retail prices)

    if you market this regionally, to people in your area (maybe leaflets, flyers at shops, door to door? or you could visit offices/call centres, and ask to put a poster up in the break room(this would get a killer response, TRUST ME)

    so anyways, i imagine it would be easy to get around 50 customers a month, if you make this a full time thing....

    so imagine that, 50 X $5 profit= 250

    it doesnt sound like allot

    but it would go like this

    first month =250 profit this month
    second month = 500 profit this month
    third month = 750 profit this month
    fourth month = 1000 profit this month
    fifth month = 1250 profit this month
    sixth month = 1500 profit this month
    seventh month = 1750 profit this month
    eighth month = 2000 profit this month
    ninth month = 2250 profit this month
    tenth month = 2500 profit this month
    eleventh month = 2750 profit this month
    twelfth month = 3000 profit this month

    (first year profit of $19500) (my maths could be wrong)

    if you quit here, then you got $3000 on autopilot every month, or you can continue for another 12 months, and getting around 50 customer a month and be banking $6000 a month, by the end of 24 months...

    anyways thats assuming you retain 100% customers.

    so why have i posted this idea?

    simple, i have never done anything like this before, and i was wondering if any of you guys had any experience with importing from alibaba

    also, i just wanted to put this out there, and get your guys feedback on this, sometimes i think of ideas that are overly optimistic, but right now im so desperate to leave the corporate world, that im dying to start a business. and this is the first thing i could think of, nice and simple.

    if you like my idea, and would like to help me with some input or some guidance, please respond to this thread, or PM me. please any guidance would be helpful..

    also If I proceed with this idea, I will blog it in this thread, so I can teach others if it succeeds.
     
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  2. jrimshot

    jrimshot Newbie

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    I suspect there may be a flaw in your plan, but I don't know what it is. One of my first thoughts was to use Amazon; not as an affiliate, but as a reseller. There was a recent launch for a ridiculous (for me) price surrounding being a reseller on Amazon. You can have product shipped from your source to amazon and they will stock it for you and do all of the order fulfillment.

    The problem I see is that No One is selling Daily wear contacts on Amazon... You can buy nearly anything on Amazon. Why not daily wear contacts? Are they prescription only? Not sure, maybe you know. What site are you buying them from? I'm in the US, so maybe that makes a difference. I checked out lens.com and they only seem to require your prescription information-- the measurements on your eyes -- not an actual optometrist prescription. So, I'm not sure why they aren't being sold on Amazon, but I'm pretty sure there must be a reason, or someone would be capitalizing on this.
     
  3. paymymortgage4me

    paymymortgage4me Junior Member

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    When you order from any reputable contact lens site, like lens . com or 1800contacts . com, they verify your prescription with your eye dr before they fulfill your order. I've ordered from both of them in the past. In the USA you need a prescription, I'm not sure how it is in other parts of the world.

    This could possibly be a great idea, but it sounds like it's a little more in depth than ordering from Alibaba and then just shipping them out. You'd be opening yourself up to a lot of problems if something happened to someone because you were selling them cheap imitation contact lenses.
     
  4. Halilovic-Squad

    Halilovic-Squad Regular Member

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    this really sounds like a good niche...
    ...but i guess paymortgage4me is right. there must be somekind of hook there. maybe it is just a niche which isn`t promoted properly or not saturated by now. but i guess you can really run into trouble in some countries if somethings going wrong for the user.
    ...worth reading into the (potential) trouble-side of it. thanks for the share though!
     
  5. bouquet

    bouquet Regular Member

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    apart from there are plenty of sites offering this service, you would also need to ensure you have checked the customers prescription or you could end up in some bother!
     
  6. lancis

    lancis Elite Member

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    I believe the first problem you'll be facing is market education.

    According to Google, "daily/monthly contact lenses" receives about 1% of searches in the more general "contact lenses" niche, which by itself isn't too big - so %1 is not alot.

    Educating market is always a problem, experience shows that only big brands can do that successfully. Take me as an example, I don't wear lenses. However, i know many people who do. No one of them ever mentioned "daily contact lenses" so that niche was a complete surprise to me (i'm sure it will be surprise for them as well). Now, when I think of it, it makes sense. But I would never come to the idea that lenses can be 'daily' without your post.

    The second problem you'll be facing is trust.

    I wouldn't trust Chinese products when it comes to my eyes, neither will others. You'll need a brand behind these lenses.
     
  7. Toocoo82

    Toocoo82 Regular Member

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    I have no problem jv'ing with you or advertising the business, but the 2 things like mentioned above was the "prescription" issue, and having enough of funds in store just incase a order gets messed up from China. If you still want to go with it, and have a solution for these issues, send me a PM.
     
  8. Nitros

    Nitros Power Member

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    Here is a good example of your idea ;)
     
  9. swaggerboy

    swaggerboy Registered Member

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    Nice idea!

    Only downside to this is that it isnt auto-pilot. A membershipsite is auto-pilot but you're talking about starting of a webshop with contact lenses. It can be
    very time consuming as a webshop is but I would say give it a go! Further you also ofcourse gotta have some quality in order to make a good name
     
  10. swaggerboy

    swaggerboy Registered Member

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    I dont know under what rock you're living but for me its known that there are daily lenses and lenses on a longer period. And no, I dont have glasses and neither do I wear lenses. Second of all the people who do got glasses or lenses are also the ones who are in need of those and they're known with the term daily lenses. You might wanna think about something before you're gonna bash his idea.

    Third of all you dont need a brand to get thrust. In general yes, a brand gives thrust but if this lad builds up his membership proper enough he can create thrust as many sites do. And if he provides quality people will keep the membership.
     
  11. Halilovic-Squad

    Halilovic-Squad Regular Member

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    exactly...
    ...show me one company that started up and already had trust. it`s a thing you build - so no problem on that side. otherwise all companys and marketing would be pointless and not being started.
    ...not to forget mouth-to-mouth-prop which has huge power.
     
  12. Halilovic-Squad

    Halilovic-Squad Regular Member

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    and besides that...guess how many products you trust that were china-made...
    ...just because they put a label from your trusted home-based-company on it. because you can get em chep from the production-facility doesn`t make em bad.
    ...and how many quality products do sell their stuff for cheap under a different name to gain more profits. but same quality.