If you have an interest in technology then launching your own technology company may just be the ideal job for you. This way you can stop reading about the future in magazines like Wired and instead start forging it through your own innovation and investment. It’s an incredibly exciting time to be in the technology industry and the web makes it easier than ever before to get a project up and running.
Of course many of us would like to be the next Steve Jobs, but there is a reason that most of us don’t go for it. Not only is it rather intimidating to strike out on your own, but it also requires a good knowledge of the technology industry and a large range of skills that you may or may not possess. Then there’s the small matter of funding…
Actually though, getting into the technology industry and selling hardware may be much easier than you may think. Here we will look at some of the easy and simple business models that anyone can use to break into the industry with minimum risk and no need for funding or genius-level engineering skills…
Becoming a Reseller
Becoming a reseller of technology is a fantastic way to enter the technology market and put yourself in a strong position to expand subsequently. Amazon of course began life as a reseller (initially of books – not even tech!) but today they are at the forefront of the hardware game with their Kindle and Kindle Fire.
Getting started in this business is surprisingly simple and not as difficult as you might have thought. To become a reseller, all you need is to make a small initial investment and to build yourself a website. Find a wholesaler of phones, tablets or other communication technology that you can afford to bulk order, create an online store and then just start selling them. You won’t need to invest much in marketing or order fulfilment at this point – you can even sell them over eBay to begin with and package them as you would if you were selling your old phone.
Of course if you can find a good route to market, research the demand thoroughly and bundle the items in such a way as to add value, then you can easily earn a large amount of profit on your initial items and then reinvest that profit to order more stock. Each time you sell off your items you can buy more and increase your profit margins until you get to the point where you can give up the day job. Simple!
If you want to get straight into selling your own hardware though, then you are going to need some funding. The only thing you need to do on your own though is to come up with a good idea that you know you can sell and to build a prototype. From there you can then set up a Kickstarter page which will enable you to get backing for your project if people think it is a good idea. This way you can test the market and get all the money you need to launch your dream project with no risk you whatsoever.
Today’s guest post is authored by Todd Nash. A tech enthusiast, he likes to keep track of the latest in technological developments and some day plans to open his own firm. He has keen interest in hardware and has stated few tips on starting a hardware company devoid of risks and funding.
Photo Credit: image source
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