IT Equipment/Electronics Retail Query - UK Business Forums

Have you worked in IT before? My advice is to try and get work experience (paid or unpaid) in a similar environment. Learn about the costs and other aspects on the job before you start up.

On the whole, consumer IT hardware is tough to make money on as customers can easily find it online.

If a business customer came to you and wanted a server, ten computers and monitors with Office 2010 and a printer, where are you going to find ?6900 plus VAT to buy that kit? If they lease it over three years then you are not going to get your money back for a long time. A lot of IT firms have cashflow problems because their customers take just 30 days to pay up!

Read up on the Sales of Goods act that will apply to you as a business.

Also, if you are selling kit then you will likely need to provide services because you will have some customers who need it set up for them, data transfer from old kit etc. etc. Work out how you will handle that. If you do site visits then who will run the retail shop?

I would look at finance companies and work with them to resell their finance. Lots of car garages do this. You get the money up front for your product and you get commission from the finance company - double bubble. And I don't think you need a consumer credit licence if you use their services (you would probably use their website to process applications and they would do the necessary checks).

There is more money in IT services (selling your time). If you have the skills, I would advise you to get a brochure type website and sell IT services and support (home visits, remote control via the Internet)

Source: http://www.ukbusinessforums.co.uk/forums/showthread.php?t=280184

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