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I'm gunna be rich beyond my wildest dreams

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xyzedarteerf said:
Dude pls fix the website it covering the ordering tab.

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I conveniently chose to ignore people looking at the site using netbooks or CRT's that still use 800 x 600 res - I didn't think those antiques are still in use.
 

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I run a couple of websites also mainly just as a hobby, they are service not sales based so as long as they cover costs i dont really care. If any ASF members want to advertise or swap links feel free to get in touch
 
Last time I posted about this, I was just going to let the last of my order run it's course through my existing efforts.

Since then the inflatable novelty toy business has gone gang busters. To give you an example, I sold 15 toys today alone. I returned home with a big bundle of cash, which felt great.

I've ordered 2 more cartons since I last posted to meet the demand and the cartons just seem to empty within days of buying them.

The website that I built around a month ago is getting some good rankings on google, which is pretty much what I was hoping was going to happen. Along with word of mouth, the panic buying of Christmas this little experiment/hobby has done extremely well. Well beyond my expectations.

In terms of ROI it's the most successful project I've ever done.

There's also been some lessons learnt. I didn't like my experience selling on ebay and using paypal, while convenient for buyers its quite expensive. I will probably never use it again. I think it's far better to control the marketing/ordering process as much as you can yourself - rather than hand it over to another party to scrape profits on every sale for doing little and thwarting your efforts to make a buck.

On the upside, building the website and focusing on SEO and reading the wonderful statistics the free google analytics tools provide has been very rewarding.

I've got another two weeks to go and am confident I will sell all stock out in that period. It's certainly been a very nice background earner over the past month.
 

You have done really well, I saw them on the news in Perth, they said it was a big christmas hit. Funnily they put it on just after another shark sighting.
 
There was a Chinese guy selling these at my local mall yesterday for $15 bucks...does this mean the bottom has fallen out of the inflatable novelty toy retailing industry.?
 
So_Cynical said:
There was a Chinese guy selling these at my local mall yesterday for $15 bucks...does this mean the bottom has fallen out of the inflatable novelty toy retailing industry.?
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No, the Chinese guy is selling cheap copies.LOL LOl LOL
Gerry Harvey is complaining about these cheap imports all the time, if you buy off LifeChoices you are sure to get the real McCoy.
 
sptrawler said:
No, the Chinese guy is selling cheap copies.LOL LOl LOL
Gerry Harvey is complaining about these cheap imports all the time, if you buy off LifeChoices you are sure to get the real McCoy.
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That's sort of contradictory isn't it - a Chinese guy selling cheap copies of a Chinese toy? Chances are he probably bulk ordered 300-500 of them for a few bucks each.


I've been running my online store for a few year. I never do seasonal stuff. My products are the hardware sort - drawer runners, decking screws. The idea was to order products that don't go out of date - so I stay away from electronics or in-trend items.

When I first started out, I was getting MP3 players but they went out of date quickly so that's why I stuck to hardware.

My order and sales volume has been building up over the years. Started out as a past time/ hobby and now is my main source of income. My last order was $30,000 worth of stock. I still work part time, as i'll get bored if I just stayed at home, but I earn more then the boss at work


http://myworld.ebay.com.au/dowd_hardware


I'm happy to answer any question regarding an online business but reading through this thread, I've discovered a few things myself.....
 
To anyone who is importing, I work as an FX Broker for a large non-bank and can give you access to better exchange rates than what the banks offer. If you're buying more than $50k pa overseas then I can definitely help save you some $. Feel free to PM me with any questions.

I already have a couple clients here from ASF and they all seem happy with the rates and service
 
LC;

This may be a no brainer, and probably already in the works - but if you are worried about up and coming retail competition, then you should consider leveling up to a wholesaler/retailer.

The first things that came to mind when looking at this product as a target to wholesale were;

- Party shops
- Venues (clubs, childrens venues etc)

Personally I'd start by securing a decent price from the suppliers and making way to the city to meet with officials of large clubs. From there I would head to the RSL's and Pubs.

The only issue is the fact that stocking a customer is a one off. I think you know this already since your first few posts kind of suggested you are rushing in to cover the market before sales become stagnant due to competition etc.

Good luck dude. I do not see you getting stuck with stock at this time, so go hard and win.

BTW they are kinda fun. I'd spin out of I saw those on the club ceiling just hangin around
 
This toy sells at the local toys r us.

From 65 bucks to a "special" 48 bucks lol
 
Looks like it might be on the mainstream news tonight too. Channel 7 just did a quick story on it (early arvo news).
 
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