I am thinking on a twist of the group buying concept however I do not really know about the prices I could get in the tech world for popular products such as smartphones, tablets, TV etc... compared to retail price? And would there be any minimum price requirements on my ends? Also are there any other requirements or can simply anyone contact the manufacturer n get a quote? Thanks a lot.

My best guess is that you'd get it close to wholesale price, which is anywhere between 30% and 50% off retail price in the electronics industry.

You'll need a sales tax license number to prove you're a business rather than an individual.

Pricing requirements will depend on the manufacturer. Some will have a "MAP Policy", which stands for Minimum Advertised Price, that dictates the price you advertise on your website. Note that "advertise" and "sell for" are not the same thing - that's why you see some sites that say "add to cart to see the price" - they're circumventing a MAP policy. Unless they make you sign a MAP Policy though, you should be free to advertise and sell at whatever price you want.

Answered 7 years ago

Unlock Startups Unlimited

Access 20,000+ Startup Experts, 650+ masterclass videos, 1,000+ in-depth guides, and all the software tools you need to launch and grow quickly.

Already a member? Sign in

Copyright © 2022 LLC. All rights reserved.