Idea #2
There's no particular order to the way I'm numbering these new business ideas by the way. So number two is something that a colleague and I first discussed a couple months ago. WheelTechnology This one's not even an internet based concept. It all came about because my friend and colleague had an acquaintance who was importing chrome auto wheels from China to the United States. The things is that the acquaintance doesn't speak English, and he had some overstock inventory to sell off at some pretty good prices. What we're talking about here are the after-market wheels in the 20" and up sizes. We threw together a quick website and cold called and emailed a handful of possible medium sized, independent retail outlets. So far, no luck. But the opportunity spawned an idea. We've established a direct relationship with the manufacturer. Now we can go directly to the manufacturer and have custom designed wheel produced and shipped directly to potential clients here in the United States. Now the trick is finding someone who is interested in having their own wheel designs made into a product that they can sell. We can even assist in getting the designs fleshed out. The benefit of this concept is that it's harder for someone to copy this idea, as our prime strength is the relationship directly with the manufacturer. The downside is that we simply have no track record in the auto wheel industry. In addition, I have some concerns regarding liability if anything were to ever happen with one of the products that causes us to get sued. The manufacturer is quite reputable, and produces wheels for major brands in the States, but you never know. So like every idea, it's going to take some man-hours get this concept rolling to profitability, and some legal review.
- posted by Drew @ 11:07 AM