Empower Your Sport Organisation with Personal Selling Online for Sport Organisations

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hey everyone welcome back to another episode of what's your game plan today I'm gearing up for a sports tastic Journey join me for a quick start guide on how to start a sports equipment store online if you're looking to make some money while catering to athletes and enthusiasts this episode is for [Music] you all right let's learn how to start a sports equipment Business Online step one is to get a business plan I want you to head over to fiverr.com and in the search bar type in business plan this is going to reveal hundreds of Freelancers who are going to help you identify your target audience and their preferences for sporting goods step two you're going to decide on your your sports equipment inventory remember not everybody has the same taste or even the same budget so offer a wide range of products that caters to everyone step three is one of the most important steps you're going to need to find Reliable suppliers and there's different methods to do this method one is to find a Drop Shipping supplier and that way you don't have to buy any inventory up front to do this head on over to Google and type in drop ship sports equipment and that's going to reveal hundreds of companies who actually drop ship Sporting Goods directly to your customer's door one of my favorite websites is called wholesale to be they have over a million drop ship products including sporting equipment and they're pretty well known across the internet they offer a wide variety of Drop Shipping plans for an affordable monthly price you can even browse their entire catalog for free before you sign up okay so the second method for finding a supplier is the self fulfillment method this means that you're going to buy all of the inventory by yourself you're going to Warehouse it and you're going to ship it out to your customers if you want to do this instead you need to go to Google and type in wholesale sporting equipment and that's going to reveal tons of different companies who will sell you Sporting Goods in bulk and then you're going to sort through all the different options and see what's the best fit for your store's inventory budget remember when you're buying wholesale you can actually buy all of these items taxfree but you're going to need to file some paperwork the paperwork that's required is called a retail merchant certificate or sometimes it's called a reseller permit and you can get this directly from your Secretary of State's office the application is usually on their website if not you can give them a call and it can range from free to $50 per year depending on your State's rules here's an example of what those certificates actually look like you'll give this to the wholeale supplier to set you up with a taxfree account the next step is to register your business and set up your business bank account so if you want to get your paperwork done really quickly you can just go to myc corp.com and file as a sole proprietor or an LLC they've been in business for over 20 years and their startup packages begin at only $99 so it gets you set up really really quick for business bank accounts I like to use Square they're really easy to work with and not only is the account free but Square integrates directly into your website so you can get paid out the same day and they offer credit lines based upon your sales revenue and it's called Square Capital the next step is to get your website created for your Sporting Goods store personally I like to use Blu host they've always been super super easy to set up and they give you a lot of extra freebies with their packages so you can easily find a domain name for your Sporting Goods website and then go buy a hosting package once you buy the hosting package with them just make sure that you say the login credentials and then you're going to want to head over to fiverr.com and then type in the search bar website design personally I like WordPress websites because they're really simple easy to set up and you can find someone to make you a website in under 3 days so the next step will be to create your Sporting Goods store logo and your branding I like to use 99 designs because they're the quickest most convenient and they do a really good job at developing strong brand identities which is needed when you're trying to Market a business online the next step is to go ahead and start your marketing this is a list of the target audiences that you're going to need to Market to and some of the strategies that you need to use in order to bring awareness and drive purchase consideration for your store congratulations you now own a sporting equipment shop so how much money can you actually earn well let's talk about it the average startup revenue for a sporting equipment store online is around 25,000 to 50,000 per year but if you're starting this as a Dropship store then the startup costs are really low usually somewhere around 500 to, ,000 to start but if you plan on buying your own inventory your own storing your own things in your own warehouse and shipping out to customers plan on spending $20,000 to $30,000 minimum in startup cost I'm giving away my new marketing strategy book series for free so if you want it just go to my website answer in your email address and I'll send it to you right away if you like this video or you know someone who needs to see it today tag your friends hit like and please give it a share and until next time guys take care