2. misc-audio
  3. 1151275167

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.
gdoodle

Showing 1 response by theo

theo's avatar
theo
2,700 posts
 
A very good freind of mine in that is a dealer always says. "the way to make a million dollars in the audio business is to start out with 2 million". But he is still in it and doing well. One thing he recentley did is buy a new house and is running the business out of his home. It seems to work out great. When it is slow he is at home and can do yard work, house work, etc. Also the lower overhead and he never forgets to bring an item to work with him.
Let us know how you do. Good Luck!
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