TooShort4
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Joined on: May 10, 2007 7:13:57 GMT -5
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Post by TooShort4 on Mar 2, 2008 13:21:07 GMT -5
Hi, me and my 3 friends are looking to start a retail Monster Energy Beverage store for over the summer. We already buy it wholesale for ourselves but we want to start to sell it [legally]. Can anyone tell us how to get started into selling it legally in my town? There is 3 of us, ages 16-16 and 18, so our friend whos 18 is gonna handle the legal stuff and such. We already have a building for it too. We are going to sell merch [shirts, hats, stickers] and the actual drinks. Thanks.
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Post by hammerzeit on Mar 2, 2008 13:45:21 GMT -5
Good luck losing buckets of money
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Deleted
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Post by Deleted on Mar 2, 2008 13:53:21 GMT -5
Good luck losing buckets of money Lols. No need to be a prick. Sorry I don't know any of the procedures, but good luck.
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TooShort4
Main Eventer
Joined on: May 10, 2007 7:13:57 GMT -5
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Post by TooShort4 on Mar 2, 2008 13:54:31 GMT -5
Good luck losing buckets of money We get our cans for $1.30 each, and since there is a low supply in our town, people will pay $2-$2.25 or so per can, which gives us a bit of profit, and we don't lose money.
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Post by Mark on Mar 2, 2008 14:06:38 GMT -5
I never understood why kids needed to drink Monster Energy drinks.
What are yall doing that you have to drink a Monster Energy drink almost everyday
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Post by Rant Casey on Mar 2, 2008 14:19:56 GMT -5
I never understood why kids needed to drink Monster Energy drinks. What are yall doing that you have to drink a Monster Energy drink almost everyday Working and not getting enough sleep. Thats why I drink Monster everyday. Well, Java Monster that is.
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Post by kanekilledvince on Mar 2, 2008 14:20:51 GMT -5
The merchandise of a drink is gonna cost you. Not the drink itself. No one wears drink merchandise unless they absolutely love the drink, or get it for free.
I'd look into selling other things before i look into opening a retail store.
First thing you need to do is have the three of you get together and work on a business plan.
I got some decent plans off google searches. I pretty much copied a random layout and i was left with a great looking, very informative business plan.
I suggest that be your first step.
But selling merchandise for a drink? Not gonna make money. Sell other things.
globalsources.com have a load of random and popular stuff that you can buy wholesale from them.
Honestly... so far, your idea for a retail store sucks. Not being a prick. Just telling you straight out.
Pick something more popular, and incorporate your drinks into that.
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Post by Mole on Mar 2, 2008 14:23:21 GMT -5
I never understood why kids needed to drink Monster Energy drinks. What are yall doing that you have to drink a Monster Energy drink almost everyday Working and not getting enough sleep. Thats why I drink Monster everyday. Well, Java Monster that is. I ing love the Monster coffee. Mean bean, mmm.....
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Post by Mark on Mar 2, 2008 14:26:50 GMT -5
I never understood why kids needed to drink Monster Energy drinks. What are yall doing that you have to drink a Monster Energy drink almost everyday Working and not getting enough sleep. Thats why I drink Monster everyday. Well, Java Monster that is. well something has to give no doesnt it
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TooShort4
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Joined on: May 10, 2007 7:13:57 GMT -5
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Post by TooShort4 on Mar 2, 2008 14:31:19 GMT -5
The merchandise of a drink is gonna cost you. Not the drink itself. No one wears drink merchandise unless they absolutely love the drink, or get it for free. I'd look into selling other things before i look into opening a retail store. First thing you need to do is have the three of you get together and work on a business plan. I got some decent plans off google searches. I pretty much copied a random layout and i was left with a great looking, very informative business plan. I suggest that be your first step. But selling merchandise for a drink? Not gonna make money. Sell other things. globalsources.com have a load of random and popular stuff that you can buy wholesale from them. Honestly... so far, your idea for a retail store sucks. Not being a prick. Just telling you straight out. Pick something more popular, and incorporate your drinks into that. its not like were trying to make a lot of money or anything, and not many places sell monster in town. It will do business, I can pretty much guarantee. We are going to sell the cases, BFCs, singles, coffee, shirts/hats, stickers, etc.
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Post by vpw2 on Mar 2, 2008 14:32:54 GMT -5
Dude, how many people in your town do you think are going to buy ing monster hats? Monster shirts? You think they're gonna be the next big thing at your local high school or something? No one wears beverage t shirts.You're setting yourself up for a big fall.
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TooShort4
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Joined on: May 10, 2007 7:13:57 GMT -5
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Post by TooShort4 on Mar 2, 2008 14:35:11 GMT -5
Dude, how many people in your town do you think are going to buy ing monster hats? Monster shirts? You think they're gonna be the next big thing at your local high school or something? No one wears beverage t shirts.You're setting yourself up for a big fall. I know tons of people who do. Were not looking to start a huge business, we just want to open up a little store. It already is a big thing at school.
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Post by Mark on Mar 2, 2008 15:02:31 GMT -5
what I'd like to know is where are you getting this money from for the store the drinks and all that if you're only 16? you work at a law firm or something
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Post by Deleted on Mar 2, 2008 15:04:30 GMT -5
if you get this working ill actually stop by
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Post by Deleted on Mar 2, 2008 15:05:08 GMT -5
Also idea man. Ive always wanted to own my own store but im too young. Good luck!
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Post by Bubba Ray DJ on Mar 2, 2008 15:05:41 GMT -5
I hope you are planning on selling in an extremely large market.
Otherwise good luck selling Monster crapin Po-Dunk, Iowa.
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TooShort4
Main Eventer
Joined on: May 10, 2007 7:13:57 GMT -5
Posts: 1,385
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Post by TooShort4 on Mar 2, 2008 15:06:57 GMT -5
what I'd like to know is where are you getting this money from for the store the drinks and all that if you're only 16? you work at a law firm or something The other guy who is also starting it is 18. He is going to handle all the legal, business stuff.
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Post by King Bálor (CM)™ on Mar 2, 2008 15:18:50 GMT -5
Good luck losing buckets of money We get our cans for $1.30 each, and since there is a low supply in our town, people will pay $2-$2.25 or so per can, which gives us a bit of profit, and we don't lose money. Do yourself a favor and can it? If you are buying at 1.30 a can and you can sell at even $2.30 a can, you are making a dollar profit. Lets say you sell 1000 cans a month. Thats a $1000 in profit. Dont forget you have to pay rent on the building, advertising, electric, etc. You will most certainly be taking a loss. And even if you said you could sell 1000 cans without advertising and you had zero over head. You would make squat between the 3 of you. $300 and change is barely anything. Not to mention you will have startup costs with licensing in your state, federal taxes, K1s that will have to be issued, someone will be responsible for your accounting and if your state requires, you may have to have a W2 employee. Which means you will be responsible for 50% of payroll taxes and may also be required to pickup an workman's comp policy. The only way this could be remotely a good idea in this economical recession, is if you can tell me that you can sell 25,000 cans each month, no sweat. And I doubt very much a small town will be doing that.
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Post by kanekilledvince on Mar 2, 2008 15:30:22 GMT -5
We get our cans for $1.30 each, and since there is a low supply in our town, people will pay $2-$2.25 or so per can, which gives us a bit of profit, and we don't lose money. Do yourself a favor and can it? If you are buying at 1.30 a can and you can sell at even $2.30 a can, you are making a dollar profit. Lets say you sell 1000 cans a month. Thats a $1000 in profit. Dont forget you have to pay rent on the building, advertising, electric, etc. You will most certainly be taking a loss. And even if you said you could sell 1000 cans without advertising and you had zero over head. You would make squat between the 3 of you. $300 and change is barely anything. Not to mention you will have startup costs with licensing in your state, federal taxes, K1s that will have to be issued, someone will be responsible for your accounting and if your state requires, you may have to have a W2 employee. Which means you will be responsible for 50% of payroll taxes and may also be required to pickup an workman's comp policy. The only way this could be remotely a good idea in this economical recession, is if you can tell me that you can sell 25,000 cans each month, no sweat. And I doubt very much a small town will be doing that. Exactly what i was saying. If you really wana sell a drink, do something else and incorporate the drink into it. Drink merchandise is only good when its free. And i have to ask.. if your ultimate goal isn't to make a huge business.. whats the point? Gonna do it all just to pass some time?
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Post by [MJH] on Mar 2, 2008 15:37:16 GMT -5
as soon as I read you were going to sell beverages over the summer w/ your friend I thought of this:
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