the margins are not as good as other electronics, and dating not as good either. cashflow will suck the first two years, and the investment is incredible. one of my closest friends failed in his endeaver. a limited and fickled client base. the brands he had were blue chip.....cat, bat, naim, electrocomoaniet, audiolab,linn, revel, VS, hales, primaire, kimber, etc etc. invest in anything but a storefront. virtual stores can get by without inventory but they have their own problems......even hubs for high end such as mpls, seattle, new york city, etc are hurting.
Starting a high-end audio shop... Am I crazy?
In my mid 40's reaching that mid-life crisis, which is not a myth. Many of my friends are leaving good jobs to start all kinds of wacky businesses. I am actually thinking of giving up a $120,000 yr job and starting a high-end audio retail biz - both online and hopefully later on a brick & mortar store. Have 20 years experience in sales and marketing, and/or design of software, electronics, multimedia, video and financial products including a few years in music retail and production.
Who can share their experience, or advice? Is the markup, distribution, etc of high end electronics similar to that of regular electronics? Any sources of info or pointers, tips, horror stories etc are appreciated.
Who can share their experience, or advice? Is the markup, distribution, etc of high end electronics similar to that of regular electronics? Any sources of info or pointers, tips, horror stories etc are appreciated.