I am friends/customer of a local shop, that does great service work, they mainly focus on service and not so much on the parts side of the business. It is run by a man and his wife. They have a small showroom and stock some items in house but they have connections and accounts with all the key industry suppliers (most of these connections you would need lots of capital 1mil+ and a brick and mortar just get in with today) This shop has been in business since 1978.
They have a very basic and outdated website and otherwise no online presence to speak of. Most of the other shops in this industry have much better websites and at least a small online store to buy parts from, but what the other shops don't have is the industry connections this gentleman has.
The owner is a great guy who really enjoys working in his business. He doesn't really have the knowledge or interest to dive into getting an online store going. At this time they don't even process credit cards.....Shall I say he's "old school"
My idea is to approach the owner with the plan of building his online presence and eCommerce store. My idea is to basically joint venture with him and his connections. I would build his web store, do all the online marketing, and take care of everything for the online part of it and let him continue to do his thing. I think this is a huge untapped market that can service tons more people than he can service now.
Tell me what you think
How would one structure such a deal?
They have a very basic and outdated website and otherwise no online presence to speak of. Most of the other shops in this industry have much better websites and at least a small online store to buy parts from, but what the other shops don't have is the industry connections this gentleman has.
The owner is a great guy who really enjoys working in his business. He doesn't really have the knowledge or interest to dive into getting an online store going. At this time they don't even process credit cards.....Shall I say he's "old school"
My idea is to approach the owner with the plan of building his online presence and eCommerce store. My idea is to basically joint venture with him and his connections. I would build his web store, do all the online marketing, and take care of everything for the online part of it and let him continue to do his thing. I think this is a huge untapped market that can service tons more people than he can service now.
Tell me what you think
How would one structure such a deal?
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today
enxovjtvaqof:
