Such an ambitious title for an ambitious blog post. The idea has been going around my mind for quite some time now, My dad has been telling me to start a small business of my own for me to gather experience on dealing stuff as well as getting extra $$$ for that dream car I wanted :). I wanted to start a retail business, particularly in the reselling division. Now what do i sell?
A few ideas came up; sell some vespa accessories, but that Idea became frail when I dont have any contacts to ship them stuff from overseas into Indonesia for cheaps. I then search for alternatives, I've always had an eye for good stuff like shoes or clothes. But I have to sell stuff that I like so I know what other people look for in those items. I tried to flip some sneakers back in my highschool days but I only managed to flip 1 pair out of the 3 I had bought and that was the most crappy one. I dont know what that kid was looking for when he bought my orange broken in nike dunk with a yellowed sole, I just dont get the complex minds of sneakerheads.
Recently I developed a fondness towards wakai, a japan based shoe brand which makes "slipper"-like shoes. There was a boom in the market for toms in Jakarta, but they were too expensive and some people (including me) had problems buying a shoe with a pig skin lining due to religious reasons and allergies. Wakai came out with shoes that are just as stylish and they are even better because they are a helluvalot cheaper than toms, retailing for about Rp 360.000 or about 36 bucks for a pair which is pretty cheap for a cool pair of shoe. I really like them because they are light and have funky design and patterns on them. I like them soo much that I have acquired 3 pairs of them. I could start a reselling business selling wakais by following the technique some guy in chinatown used to flip supreme merchandise , guy makes 7 digits income a year just by flipping hats, shoes, and apparel to kids in new york.
Now I could just go and start small by buying small runs of wakais from the wakai stores but there are a couple of reasons stopping me to do that. Firstly I'm still hesitant on executing my master get rich problem. Second, I cant take the risk of spending money on them and wait while the season change and start selling off season collection and hope that the market will grow a liking to it. But all success businessman in the world start small and take risks, I'll have to put some thought on this before I go mad at the wakai stores...