i want my own record shop

Teddy

Teddy

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thoughts?
criticism?
suggestions?

i know its prob not gonna do very well and its not prob the best business venture avaliable but hey .... i wanna live my dream and i dont wanna regret not trying while i had the chance.

anything i should know? where to start gathering info?

cheers
 
TeddyBizzle said:
thoughts?
criticism?
suggestions?

i know its prob not gonna do very well and its not prob the best business venture avaliable but hey .... i wanna live my dream and i dont wanna regret not trying while i had the chance.

anything i should know? where to start gathering info?

cheers
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fairplay to you.

google whatever you think you need to know, trade record sales.. get some prices from nu urban. most people wont give you a massive amount of info unless you have a decent business plan ready to present to them.

good luck with it tho.
 
Speak to $marty off here mate, he is your best bet for all information record shop related! I do believe he used to run one himself.
 
Yup Matty is correct. All three of Dexcell actually met whilst working in our local record shop :) Some of the best years of my life in that place, I can tell you!
Right Ted, first off, well done for considering getting into the record shop business. Shops are a dying breed and we need more of them!! Where abouts were you thinking of setting up? feel free to drop me a pm if you got any questions matey!
 
nice one smarty, not sure on the loaction as yet! thinking of packing up and moving from my current hood so anywhere i feel that has a suitable market for a shop (im open to suggestions!) from what ive heard it may be quite a task for me to get a premesis without any real retial experience, i may have to put most of my money into that side of it.
found someone thats willing to design a website for me so i can do internet sales, thats gonna be quite costly aswell but hopefully worth it in the long run me thinks
 
One bit of advice i'd give is that you really wana keep you shop as small as possible because inevitably the majority of sales will be on the net, plus less overheads and staffing etc.

With regards to location, well, that's the biggest thing you're going to have to investigate!! Do a shit load of research, get on the streets with questionaires, go to bare amount of clubs and talk to promoters and people in the area, ask on forums, vinyl distributers in the area and so on. If there is no market gap in the chosen area then it'll be a garentterd flop, not like you don't this already I'm just reinforcing the matter :)

Good luck tho man, hate to say it but you might need it in this climate!
 
Cool. Well you wanna start talking to distributors at some point aswell really. Places like SRD, Nu Urban, LOAD & ST Holdings. Speak to those guys once you have got the ball rolling with a location. They can then sort you out contracts and open up accounts with them, so you can place stock orders etc. Also, you might wanna look into stocking CD packs. Slammin Vinyl are good to get in touch with for this. They supply Slammin (obv.) One Nation, Hardcore Nation and a few other popular CD packs. Basically they are big with the customers. Also if you are going to have an actual shop location, Slammin can provide you with Event Tickets to sell in your outlet. They would also put your shop name and number on the back of their flyers, saying that you stock their event tickets (nice bit of advertising there) and you as a shop will make money on the ticket booking fee(usually 10% of the ticket price). You can make a lot of money on booking fees, if there is a major event.
 
cheers for the advise and words of encouragement guys. its just ideas at the mo, but im deadly serious about looking into it. sadly my nan passed away a few weeks back and it looks like i'll be getting some inheritance, i was gonna invest it in property but thats boring and the safe option, plus thats not gonna get me out of my 9-5 and i really wanna do something i actually care about. im sure my nan would rather i used it to follow my dreams even if it doesn't turn out as planned. u gotta put urself out there if u wanna achieve anything right!
 
As people have said you will have to be careful about location. All the record shops local to me have closed down over the years. With more people going digital and lots of people who do buy vinyl buying online, it only leave a small portion of people who actually go to record shops.

I used to work in a local record shop to me, as Smarty said it's a brilliant experence. I worked in there 7 days a week some weeks. You pretty much get to spend the day mixing and socialising with local DJ's / ditributers etc. I met some pretty big names while working there.

Good luck mate, keep us posted.
 
cheers james! yeah location is a big worry to me. if i opened it up in my local town it will def fail, i think im the only dnb fan there. need to find somewhere where there is some demand but no record shops. london is pretty catered for already so there is too much competition. its definatley something that needs a lot of thought and planning and id rather have somewhere people can pop into rather than just an online shop. i have no real commitments to where im living at the mo so it might be time to move on.
 
TeddyBizzle said:
nice one smarty, not sure on the loaction as yet! thinking of packing up and moving from my current hood so anywhere i feel that has a suitable market for a shop (im open to suggestions!) from what ive heard it may be quite a task for me to get a premesis without any real retial experience, i may have to put most of my money into that side of it.
found someone thats willing to design a website for me so i can do internet sales, thats gonna be quite costly aswell but hopefully worth it in the long run me thinks
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Wandsworth/Battersea south London
 
not a bad idea man! my mate used to live in wandsworth and i failed to see any dnb specialsts there!
 
Banquet Records in Kingston is a very good record store tbh with top blokes working in there, do you live close to it flicky?
 
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