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HomeAircraftHelicopterMain Discussion › Dream of opening a Hobby Store
11-05-2004 02:44 AM  13 years agoPost 1
MD900 dream

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Los Angeles

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I would like to ask for some advise in opening a hobby store here in CA just to sell all RC helicopter parts.I am just one of those yuppies or maybe an intern in business.I do love to fabricate and build RC helicopter......

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11-05-2004 03:37 AM  13 years agoPost 2
greenboot

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Marblehead, OH

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Start with a whole lot of money, work your butt off, and there is a 3% chance you will still be in business after a couple years. Nothing is ever easy.

Tom

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11-05-2004 05:35 AM  13 years agoPost 3
scott s.

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Orange, Ca.

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Well let`s see.You`ve got Mta Hobbies,Zoom`s,Pegisus,Robins`,Helihobby,Only Raptor all in 50 mi. radius. Might as well just in .One more couldn`t hurt

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11-05-2004 06:51 AM  13 years agoPost 4
JCadwell

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Richland WA/ Morro Bay, CA

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You want to make a million with a hobby shop? Start with 2 million, and quit when you get to a million.

Cater to a specific market, or to a specific area. The RC car guys have it figured out. They have an indoor track, and charge 5$ to use it. If you break something, they have it in stock next door. You need tires? $30 right there. It is pretty easy to put a grand into a Mini-T, and all you have is a 6" car. Ouch.

Thanks, John Cadwell

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11-05-2004 07:08 AM  13 years agoPost 5
rroback

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Irvine (UCI), Ca

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You have to definetly offer the best customer service, as hire people who are good workers! the best idea would hire people interested in the products, such as other hobbyists. you also have to have good pricing, and make it a nice place to shop at. I've only been to a few good stores, but i've been to plenty of bad ones. If you have the money. good luck. I'll buy from you!

Rhett

Rhett..... I can't fly, but the Profi sure can.

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11-05-2004 10:32 AM  13 years agoPost 6
EChapkis

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Tampa, FL

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Live that dream!
I had the same dream and have been in business for 4 years now.

My approach was different. In 99% of the country, a retail hobby shop is dead.

I opened RC Accessorry as an accessory add on for rc aircraft. http://www.rcaccessory.com

Most of my items can be used on any rc model. I sell via my web site only, not a retail store. Dollars for high rent go to advertising. I have shipped products all over the world, every day.

I don't carry the brand names of Futaba or JR, OS or YS. Why? Easy, these items carry high inventory and very, very low profits.

What is the goal of your business? To make money. I will not carry items that do not meet my profit goals. This is a business, not a hobby.

Write a business plan and stick to it. Good luck.

Evan Chapkis Tampa, Florida

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11-05-2004 12:36 PM  13 years agoPost 7
Gyronut

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Martinsville In.

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Good way to go broke.

Rick

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11-05-2004 02:56 PM  13 years agoPost 8
hoverking

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Tennessee

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TURN AND RUN AS FAST AS YOU CAN AND DONT LOOK BACK!

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11-05-2004 03:02 PM  13 years agoPost 9
xagent

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Centreville, VA / MHA member

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Reports
Small Business Adminitration has on % of types of started business that fail. Hobby Shops were in the top 10 of failure rate.


ML

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11-05-2004 03:15 PM  13 years agoPost 10
Raffy

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Chicago, Illinois

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Perhaps you should go with a franchise......if there is such thing with this kind of business.

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11-05-2004 03:28 PM  13 years agoPost 11
hoverking

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Tennessee

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rudy hit the nail on the head

another thing once you start a shop give up your hobby you wont have the money or the time

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11-05-2004 03:44 PM  13 years agoPost 12
Raffy

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Chicago, Illinois

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You can fulfill your dream ......join ebay!

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11-05-2004 03:46 PM  13 years agoPost 13
dariof

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Henderson, NV / Laguna Niguel, CA

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MD900 dream

Most of your responses have been negative and trying to talk you out of it. Some sarcastically negative, some just negative. There is a negative dream killer on every corner. THis is why so many people get nowhere financially in life..because they listen to the dream killers. People are always so quick to tell you what you can't or shouldn't do. Amazing.

However, you must make sound decisions (gathered from credible info), and it will be a ton of work. Understand capitalization and carry costs for your endeavor and source of funds.. Under-capitalization is deadly. Understand Internet marketing, also a major key. That means advertising your site. Understand failure rate and WHY, and WHAT you would do differently and WHY this would work. Proper research from properly informed sources is an absolute must. Haste makes waste...There is a lot to learn.

But imagine if Heliproz listened to all these negative people a few years back when they started. They would still be at home dreaming.

When soliciting business advise, do so from those who have succeeded and really pick their brain. It's always nice to know what one has accomplished financially when soliciting their advise. (You are in this for the $$, are you not). So, of those who give you advise, understand their income bracket...are they really successful? This will tell you a level of motivation and risks they have taken. $0-50,000 / 50,000-100,000 / 100,000-200,000 / 200,000-500,000 / >$500,000.00 per year.

I know I will get flamed for this, but honestly couldn't care less. I know what it takes to be successful, and know it it impossible to succeed if you never start trying.

Go for it...but go for it smart.

Best Regards, Dario

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11-05-2004 04:26 PM  13 years agoPost 14
Dr.Tim

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Mojave Desert

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Well put Dario!!

From Simple minds come simple ideas! Approach Engineering

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11-05-2004 04:30 PM  13 years agoPost 15
vetrider

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Daleville, AL (Ft.Rucker)

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I concur with Dr Tim, Dario.

Well said.

Nolan

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11-05-2004 04:36 PM  13 years agoPost 16
greenboot

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Marblehead, OH

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I'm amazed that someone would decide to quit their job and invest their life savings based on some advice they got here on RunRyder. Maybe MD900 isn't ready to jump in that deep, but I hope he gives this some serious thought before pissing on the bosses desk!

Tom

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11-05-2004 04:43 PM  13 years agoPost 17
Davo

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London, UK

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The RC car guys have it figured out. They have an indoor track, and charge 5$ to use it. If you break something, they have it in stock next door. You need tires? $30 right there.
Interesting

Why not have an R/C heli store with a flying field out the back. Charge people a nominal fee for using it, and when they crash you have a pretty captive market assuming you have the parts in stock. Also people will want upgrades, and you could maybe offer a 'try before you buy' on bling.

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11-05-2004 04:43 PM  13 years agoPost 18
IYKIST

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London united kingdom

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Thats a very sound advice from Dariof all i heard before him was nothing but negetive vibes do your homework and it would work

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11-05-2004 04:52 PM  13 years agoPost 19
Aaron29

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USA

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..

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11-05-2004 05:53 PM  13 years agoPost 20
greenboot

rrVeteran

Marblehead, OH

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When someone asks on RunRyder where to buy a helicopter with camera to fly over the nude beach, we tell them it is not realistically feasible. If someone were to ask in a business class how to start a hobby shop cause they dig building helis; they would be told the probability of sucess is very slim.

Just telling him to "go for it" seems almost irresponsible. It's true that someone has to go first, but based on the brief description of this guys "dream", my opinion is he may not be the right one. And he DID ask for my advice.

Tom

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HomeAircraftHelicopterMain Discussion › Dream of opening a Hobby Store
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