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Oh money, where art thou?

 
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RSchlieper

posts: 323

Jul 26, 2006 3:04 PM ET    Quote  Report Abuse
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Good for you,

    At your age and having your own business.  I hope it all works out for you. 

    As to "where`s the money" question?  Perhaps I can help! (see link in signature).  This will help you get your business off the ground GUARANTEED!

    Good luck



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Ben101

posts: 11

Jul 26, 2006 6:42 PM ET    Quote  Report Abuse
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Thanks so much for the kind words and help guys;

I realize that over the past few weeks that I, along with about thousands of others, all try to sell a relatively similar product to an average customer. I have seen T-shirt websites rise and fall in the brief time that I am in the silk screening industry. It taught me an important lesson. Unless you can be different in marketing and promotion, you can not survive. A t-shirt is a t-shirt; there is really no discernible quality difference between one company and another, at least not to an average customer.

 

I have seen t-shirt websites that last for barely a month before it has to close down and the owners has to reconsider their future. I feel like the t-shirt website that are opening up today all uses the same formula; start with 5-15 designs, stock the items, and pray it will work. The truth is that is no longer viable. Websites like Threadless.com and Customink.com relies on innovative business concepts to build customer. They are the pioneers of this industry and others website like Tshirthell.com relies on brilliant marketing and a strong community based customer who eventually grow a sort of attachment towards the website.

 

I do not want to start an average website. I know in my heart that it will die eventually. No matter how good of a design I print, if no one sees it or knows about it, I simply can not sell it. So I though about everything there is and the process is simple, I am just selling a t-shirt to someone who wants to buy it. But I want to make the process unique and like no others and I think I can.

 

So my goal is that if I do have a website, I want it to survive and be successful. A website is powerful marketing magnet itself and it can attract a new customer base and empower the business.

 

Another key in this is having the store. One of the more personal reasons for me having a store is that I am simply running out of room to work in my house. The size of my house is relatively small and most of our rooms are occupied. My parents have been kind enough to empty out our office room and let me work in there. But with the size of the machine, it getting to be a huge hassle since the machine doesn’t fit very well in the room. And I can never sort of use it to its full “potential” to due the size limit. Also the t-shirts supplies that I order are all crammed up in a corner in the living room and my parents get slightly annoyed whenever someone comes over and they have deal with columns of boxes. I tried to rent a storage room to keep all the supplies in but the nearest one is such a long drive that it is not worth the gas money.

 

I know a few silk screeners who live in North Carolina and they have been great technical help ever since I started it. One of the keys they stress is having a store front. A store might be much more expensive than a website will ever be, but it carries another intangible value in marketing and reputation. I tried to sell my products just to friends and such by showing them the designs but it is not working very well. I live in Chapel Hill, heart of North Carolina, one of the great towns with a huge college population. There are 2 other silk screeners that I know of in this town. And the biggest one by far is business with a very small store front but they generate a huge amount of capital from the lack of competition. There are no other reputable silk screeners within 50 miles. My other competitor works out of a warehouse type of building off a backstreet in a rural community just outside of the city limits. The last I checked, he isn’t doing very well for obvious reasons. The store that I have in mind will combine high quality and volume silk screening with retail of clothing products. I think most silk screen stores are too one sided; they primarily focusing on using the storefront as a workspace only and not unitize that space for retail. I might be wrong since I only have limited contact with stores solely in my area. I also found a niche of the market that has been continuously ignored and I think I can make most of that. I also thought about staffing and it shouldn’t be very hard since I live in a college town and the students are pretty desperate for jobs as they are not a lot available. I already tried once to sell the shirts on the street, I almost got arrested. We have a pretty strict city ordinance about selling stuff on the side of the street. J

 

But in the end that is what I have been thinking and I think $25,000 is in the range of what I am envisioning right now. How to get that amount is a completely different matter.  I made an inventory of all the materials I need to have a website and a store and its cost of rent and etc and that is amount I came up with. Of course, the more the better, but I only have about 1/10 in my pocket. The investor I been talking to made a verbal commitment although i have yet to receive anything yet. I guess I will just keep finding more investors in the near future and present them with this plan but in more detail. My family is not rich at all, we are just an average family with nothing special and I know for a fact that there are no ways to get $25,000 out of my parents. I checked with some of my friends already and they are not rich enough to contribute much and the amount they did give has been really great if them. I just need a way to find more local investors and I am having a really hard time doing that. And I read 10 step plan cover to cover and it is really great and I am still exploring all the great features of this site.

 

So thanks for all the encouragements and I will keep trying. I don’t give up very often and I don’t plan to now.

entreprenerd

posts: 1187

Jul 26, 2006 6:57 PM ET    Quote  Report Abuse
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You have a great attitude! I`m sure something will work out. Just work hard and you`ll do just fine. :)

BTW - my neighbors have a silk screening business out of their basement and do a really well!

MiteyMite

posts: 489

Jul 26, 2006 6:58 PM ET    Quote  Report Abuse
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Travel your path knowing you`re on the right one.  I`m sure many here know what it takes to succeed and recognize from your posts, you have it.  I`m glad you`re not going to give up at the tender age of 16.  You`ve got a non-linear idea forming and those ideas are hard to find models for.  Just keep going, you`ll get there!  And, stick with SUN- they`ll sure help make things easier along the way.
Aug 02, 2006 4:55 PM ET    Quote  Report Abuse
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It`s great that you have so much ambition at a young age.  The good thing about starting young is that you will still be young when you succeed.  My hats off to you!

One way of financing is to find someone to sign a lease for the equipment that you are trying to purchase.  Maybe your parents or other relative.  It will not require them to give you money just sign the paperwork.  It`s a lot to ask for but someone maybe willing.  The other thing would be to bring on a partner who is over 18 and may have money to invest or a source to get it from.  This may be advantageous when needing to sign contracts.  You could even apply for a credit card that would give you the financing you would need.

Good luck!  



-------------------------

Hugo Arloro
Managing Partner
Fintera Capital Corp. & HouseFunding
No Excuses...Just Results!

Locations in Florida & Massachusetts
girlwiredin

posts: 59

Aug 25, 2006 12:33 AM ET    Quote  Report Abuse
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Hi Ben,

Congratulations on your business startup! Just stick with it you will make it.  You are on the right track, but I`ll give you a little hint...If you can`t find the money initially, you may want to think a little differently, look for a company who can build your ecommerce site for less expensive to start with.  I know, I know what you are thinking. I was in the same situation as you 14 months ago.  I learned that outsourcing is a good way to get started when you don`t have a lot of capital. You may be surprised at what kind of ecommerce site you can do for $2500.  For starters try www.guru.com and search website designers.

If you need more detailed info, please email me offline and I can send you some referrals of companies that do excellent work for `aggressive pricing`. Also I can send you website links of some of the concepts I am currently working on, they are not live and are temporary links, hence why I do not wish to post them. (I don`t design the sites just come up with the branding and marketing ideas).  I think they are a little `creative` but I`ll let you be the judge. Also what is quite interesting about my corporate site that is currently being designed is the company that designed the graphics on my website is owned by a girl who just turned 17 in July. She also did the design work.  Oh the irony huh?

Be in touch.

Best,

Shonika

sproctor@groupinteractive.net

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