Existing Market: The first thing that I'll need to do to start this winter-wear rental business is to purchase winter-wear items. I should being able to find the right suppliers and finding the cheapest sources that I can buy in order to save costs. For example, If i want to buy Moncler, I'll probably have to buy those in Italy. If i want to buy fox fur west, I'll probably have to buy those in korea since they are much cheaper than in European countries and have good quality as well. The special contract with supplier is very important. I'll probably have to contact the brand directly and explain my business plan, and if fortunately, we could be partnership since those brands don't have a branch in
Thailand yet.
New Market: The rental business is a B2C and I don't think it could be changed to B2B. However, I think that, in the long run, if I gain some experience and knowledge, maybe one day I could produce my own winter-wear items so we can save costs from buying. However, customers might prefer to buy existing brands in the market. Thus, it could require a high initial investment to produce my own items. Therefore, I currently no planning for any new market for winter-wear rental business.
Hello Bay! I think you have a great existing market as lots of people would be interested in such a business. It is interesting to hear that you are going to have to pull materials from different parts of the world to accomplish what you are trying to do. Thinking outside the box on how to go B2B would open up a lot of doors for this concept as well. Great job!
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