Singapore Expats Forum

How to set up an online business

Discuss your views about Singapore business & economy, current policies & issues, starting a business in Singapore.
lctang
Newbie
Newbie
Posts: 5
Joined: Wed, 09 Jan 2008

How to set up an online business

Postby lctang » Wed, 09 Jan 2008 2:30 pm

Hi all, I am interested in setting up an online business but don't know to start it. I would like to sell original second hand games either PSP or Nintendo online.

Can someone tell me how to go about setting the online website and where to find the distributors for these games?

Thanks

User avatar
ukdesigner
Chatter
Chatter
Posts: 394
Joined: Sat, 10 Mar 2007
Location: Closer than you think

Postby ukdesigner » Wed, 09 Jan 2008 3:01 pm

without wishing to sound rude you want us to tell you how to set up your business.

What shares do we get? 50%!!

maybe the first thing to do is some research, search the net and find distributors, web designers etc etc.
Don't p*ss me off! I am running out of places to hide the bodies.

lctang
Newbie
Newbie
Posts: 5
Joined: Wed, 09 Jan 2008

Postby lctang » Wed, 09 Jan 2008 3:48 pm

If anyone has a similar business model I may consider joining in a 50 50 partnership. I don't mind to be rude either but if you do have such a business and wanted to join in or sell half of your business to me then you may get your 50% share.

I am just trying to get some good advice or guidance from some experience businessman/ woman out there.

Plavt
Moderator
Moderator
Posts: 4289
Joined: Wed, 18 May 2005
Location: United Kingdom

Postby Plavt » Wed, 09 Jan 2008 4:47 pm

Ictang,
All very well wanting to set up an online business but before you do that you need to become known and make it known what services, products etc you are offering.

Think about it, there are so many websites around that trying to start online without a good marketing strategy away from the web will likely fail.

User avatar
ksl
Governor
Governor
Posts: 6005
Joined: Mon, 19 Jul 2004
Location: Singapore
Contact:

Re: How to set up an online business

Postby ksl » Thu, 10 Jan 2008 2:07 am

lctang wrote:Hi all, I am interested in setting up an online business but don't know to start it. I would like to sell original second hand games either PSP or Nintendo online.

Can someone tell me how to go about setting the online website and where to find the distributors for these games?

Thanks


Ictang, you are looking to sell second hand games online, but you also want distributors? What benefits are you offering? You don't have to tell me the suppliers, but you know the price must be significantly better, than purchasing second hand offline?

I could guide you in the right direction, although you need to PM me with some idea of your price, for me to evaluate....if you are thinking of selling in Singapore online too, they will not pay by card. You will have to arrange them to collect.

Although global sales, you will have to work out the costs of paypal and the website setup, I would suggest setting up in an established online shopping mall...there are quite a few costs involved, like postage abroad, packaging ect.

It can be done if the price is right, specially in the game industry, but competition is hard going, although you could also place an advert in the paper too, to get your web noticed locally, building a loyal customer base is important and you can only do it, with excellent service and good price, you need maybe something to compliment the service, maybe online game competition too, or quiz, with a monthly prize, for members!

Actually I give free advice to start ups, and I am a qualified consultant, you can ask the wife :lol:

Your idea is okay, but you need quite a bit of work to do first, some desk research to see if the idea, is feasible, many game sellers, also do exchange or trade in too, its all down to planning, after you have concluded it will work.

If you are wanting just to earn money, how about a car salesman, I know an easy way to generate cash, with no cash layout, its very simple! Anyone else can pay for the idea :P

This also works in the UK too Plavt! You will always have money in your pocket, and never pay any out, although the passion to sell and work needs to be in the heart, my own school mate lived this way for many years...he's now a multi millionair, best in the trade, with his own garage and petrol station...knows nothing else and afraid to try...and you know what, he's been left 5 wills in the last couple of years, from some of his clients...That's what honest reliable trading does, for you, with good service....every time I go home, I see his clients popping in the garage, more for a chat and a brew in their old age. Talk about money growing on trees!

I thought it was an old age, health care meeting I was falling into :roll:

luxiana
Regular
Regular
Posts: 137
Joined: Mon, 02 Jul 2007
Contact:

Postby luxiana » Fri, 11 Jan 2008 3:31 pm

website:

try cre loaded.
buy a template from "template monster.com" if you want/can

it's the fastest way of getting an online shop...

good luck! :)
my website: free online game

lctang
Newbie
Newbie
Posts: 5
Joined: Wed, 09 Jan 2008

Postby lctang » Fri, 11 Jan 2008 6:42 pm

Hi there

Thanks everyone for your comments. Luxiana, just wanted to check whether its there any such website or IT company located in Singapore?

Thanks again.

lctang
Newbie
Newbie
Posts: 5
Joined: Wed, 09 Jan 2008

Postby lctang » Fri, 11 Jan 2008 6:44 pm

Sorry, I meant the template monster website.

luxiana
Regular
Regular
Posts: 137
Joined: Mon, 02 Jul 2007
Contact:

Postby luxiana » Fri, 11 Jan 2008 8:03 pm

there are plenty of companies in singapore able to work on this kind of project but I must say that I ended up doing my website myself because it's pretty expensive to outsource such things. I jsut outsourced the logo as I don't know how to use Illustrator and I don't draw...

just google and you'll find them very easily.
my website: free online game

in8mom
Regular
Regular
Posts: 66
Joined: Sun, 13 Jan 2008

Postby in8mom » Sun, 13 Jan 2008 2:39 am

Does one need to procure a business license of some sort to own an online business in Singapore?

User avatar
sundaymorningstaple
Moderator
Moderator
Posts: 34261
Joined: Thu, 11 Nov 2004
Location: Still Fishing!
Contact:

Postby sundaymorningstaple » Sun, 13 Jan 2008 1:39 pm

in8mom wrote:Does one need to procure a business license of some sort to own an online business in Singapore?


Yes you have to register a company or a business with ACRA.

MikeDirnt
Regular
Regular
Posts: 122
Joined: Sun, 27 Jan 2008

Re: How to set up an online business

Postby MikeDirnt » Mon, 28 Jan 2008 7:42 am

lctang wrote:Hi all, I am interested in setting up an online business but don't know to start it. I would like to sell original second hand games either PSP or Nintendo online.

Can someone tell me how to go about setting the online website and where to find the distributors for these games?

Thanks

1) i dont think you need to setup an online busines on that. just go to classifieds section of any forum then advertise will do

2) if you still want to setup, create your own blog. it is free and market your blog. for a start, dont even need to buy a domain name so at least you keep your cost low

hope that helps
Guides and information -> Singapore Stocks

MikeDirnt
Regular
Regular
Posts: 122
Joined: Sun, 27 Jan 2008

Postby MikeDirnt » Mon, 28 Jan 2008 7:49 am

If you are wanting just to earn money, how about a car salesman, I know an easy way to generate cash, with no cash layout, its very simple! Anyone else can pay for the idea

the problem is how many car saleman we have in SG. competition is going to be very tight for a small market
Guides and information -> Singapore Stocks

User avatar
ksl
Governor
Governor
Posts: 6005
Joined: Mon, 19 Jul 2004
Location: Singapore
Contact:

Postby ksl » Mon, 28 Jan 2008 1:22 pm

MikeDirnt wrote:
If you are wanting just to earn money, how about a car salesman, I know an easy way to generate cash, with no cash layout, its very simple! Anyone else can pay for the idea



the problem is how many car saleman we have in SG. competition is going to be very tight for a small market
Like I said, competition is a very healthy creative way of life...it doesn't matter at all, how many car salesmen, their are, in fact the more, there are, the more money I can make? Becuase what it's about, is being creative and better, than the rest, to turn over sales! and I have just the formula, although ones reputation, needs to be branded. Which takes 98% of the car salesmen out of the equation!

FastCashh
Regular
Regular
Posts: 50
Joined: Tue, 06 Mar 2007

online

Postby FastCashh » Mon, 04 Feb 2008 3:03 pm

if u are thinking of globally , shipping cost is high, unless u got a trust worthy distributer based somewhere else. again SEO requires a lot of time and effort to learn. i suggest u try out ebay. If u like to operate locally try yahoo auctions or mocca is offering free advertisements.

instead of selling think about sevice side like tutors,cleaning etc


  • Similar Topics
    Replies
    Views
    Last post

Return to “Business in Singapore”

Who is online

Users browsing this forum: No registered users and 0 guests