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We hold a 'Wargaming' evening on Thursdays which runs from 6:30 until midnight ( yes honestly) and have a core of about 10 people coming to that, that is probably our best sales day most weeks.
Ah sorry misunderstood what you meant, we get all that in from a small company called Block signalling.
As for the website, we have had some malicious attacks where the whole database has been deleted, so we have decided to go for a commercial solution with EKMS, which is needed especially with...
We already sell a lot of digital equipment mainly from DCC Concepts, they are not the fastest selling lines, a lot of our clientele are in the over 70 bracket and DCC is seen by a lot of them as witchcraft ;)
This is exactly what I thought, and thanks for confirming it, we are looking at 'Magic the gathering' along with more in that genre of games, so hopefully we will survive into our third year.
We knew it was a competitive market from the off, what we didn't realise is that Railway Modellers EXPECT a discount, because of the box shifters, we do sell high end products, (loco's etc), but what we concentrate more on is the accessory side, scenery and adhesives that the modeller wants now...
To sell online would mean cutting margins even more, as low as 13%.
Hornby and Bachmann give you a 28% margin if you pay your invoices within 7 days, if not it drops to 26%, very rarely can we pay in 7 days.
50% margins are a thing of the past, our top selling lines ( games workshop...
It's a model (hobby) shop, we sell at RRP, any more and the business would die, simply because it is a very competitive market, especially with the internet, we tend to stock what the modeller wants now, and hope they also buy the more expensive items as a result, we are the only shop for about...
My business has now been running around two years.
I invested heavily into it myself as I was made unfit for work by Royal Mail, I had a pay off, cashed in a pension and sold my car to raise around £60k, I also took on a colleague who invested about £1k in write off asssets, and about £2k in...
Does it work ?
I recently paid £400 for two months andvertising in two magazines dedicated to my business niche.
In the following weeks, I failed to notice a distinctive spike in visits to my online shop testvalleymodels.com
Investigations revealed that one of the magazines in question only...