hey everyone welcome back to another
episode of what's your game plan today
i'm going to give you a quick start
guide on how to start a pet supply
business online
over the last decade the pet industry
has experienced phenomenal growth and if
you're looking to make some money and
make a difference in a pet owner's life
you should consider starting a pet
supply business
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so let me break down the stats for you
70 of us households or about 90 million
families own a pet
globally the pet supply market is
expected to hit 25 billion dollars by
2025. did you know people are buying pet
collars and leashes for less than 50
cents and these things are selling for
five dollars or more so where's your
piece of the pie
so i actually own a pet his name is
archie and i love him so much i'm always
looking for reliable companies to buy
all of his favorite snacks and his toys
from and that's where you come in
so how do you get started let's jump
right in so there are two methods to
start this kind of business you can set
it up as a drop ship store where someone
else is responsible for shipping the
goods to the customer
or you can buy store and ship out your
own inventory once you choose a method
you can now proceed to step one
if you have no idea how a pet supply
store operates or maybe you are a
first-time online business owner i
recommend getting a business plan from
fiverr they'll actually create custom
business plans that outline exactly how
your business is supposed to work and
what you should expect
so whether you choose the drop ship
method or to buy your own inventory the
supplier research process is still
exactly the same
if you want to get started right away
and you don't have a lot of money to buy
inventory you'll want to head over to
google and type in these words
dropship pet supplies
or
pet supplies dropship program this will
give you access to thousands of products
to sell in your store right away without
actually needing to buy any of them
if you do have some money and you want
to manage your own inventory and keep
products in your own warehouse to ship
just google the words wholesale pet
supplies
and as you can see the listings will
actually change and from here you can
find a company to buy and bulk from
now when you've got all that sorted it's
time to officially register your
business you won't be able to buy
wholesale pet supplies or even work with
a dropship supplier until you complete
this step you're going to need to
register and apply for a federal ein
number and form an llc or corporation
and depending on what state you're in
you'll likely also need something called
a reseller or retail merchant
certificate as well
this allows you to buy products tax free
i recommend using my corporation as they
do have a wide variety of packages to
choose from but their most basic package
will actually get you started right away
now since you're going to be getting all
of this money you're going to need
somewhere to put it it's pretty easy to
open a business bank account but they
won't get you set up without having that
legal incorporation paperwork and the
ein number that i just spoke about so
you can work with your own bank that
you're already using or you can just
choose a new one
if you haven't heard of square they also
have a business banking department who
can get you set up right away with a
business checking account
online and the best part is free
so the next step is to buy web hosting
you can use any provider that you're
already familiar with but i always
recommend choosing bluehost because to
me they are the most reliable for
e-commerce stores you'll get a free
domain a free ssl certificate and access
to 24 7 tech support so you really can't
beat it so once you pay for the plan
with bluehost you'll get your login
credentials you want to save that
information and then deliver it to the
web designer in the next step
if you don't know about fiverr it's also
a company that sells affordable web
development and marketing services that
get done really really quick all you
need to do is just type in what you want
in the search bar and it will reveal
tons of people who are willing to help
you get a website set up in less than
three days
i would highly recommend you make a list
of pet supply businesses and pet supply
websites that you like and send those to
the designer to get a quote
once you choose the person that you want
to work with go ahead and give them the
bluehost details and communicate your
vision and your plans for the website
so while they're working on your new
website you'll need to activate a
merchant account and this is an account
that your customers are going to pay you
through so many businesses today use
paypal square or even stripe
again i personally like square they make
it super easy for me to accept payments
online via email my website or even over
the phone and the account with square is
absolutely free so once you sign up give
these details to the web designer to
complete the payment integration process
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so finally you'll need to start
spreading the word about your business a
good place to start is to get a logo
some business cards and online marketing
materials created
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so for this i've got three resources for
you you can choose what fits your budget
and what fits your timeline
for branding i recommend using 99designs
because their process is quick and
they'll actually give you exactly what
you want
there's a company called envato that has
tons of graphics and flyers for each and
every single kind of business on demand
and then there's canva pro which is a
graphic design tool for beginners which
comes with a ton of templates so you can
just create your own logos and your own
marketing materials on the go
okay so now that you're all set up how
will you actually make
money here's what you'll need to know in
order to take a check to the bank since
you now own a pet supply store you can
choose from a variety of items to sell
the most popular items are wet and dry
pet food
dental and ear care products treats beds
and crates
vitamins and supplements
obedience training tools and apparel and
to bring in some extra cash you want to
probably start selling some services
like a subscription box of treats custom
pet meal planning services or even set
up a pet owner's membership club
now i know what you're probably
wondering what's the price tag on this
baby
startup costs for this kind of business
using the dropship method are usually
anywhere from around 700 to 1500
on average but if you're planning to
fund your own inventory please be
prepared to drop the big bucks if you
like this business idea and you want to
know where to get all the products from
at the discounted price the link to the
vendor list is at the bottom of this
video
i'm also giving away my new marketing
strategy book series for free so if you
want it just go to my website enter in
your email address and i'll send it to
you right away
if you like this video or you know
someone who needs to see this today
tag your friends hit like and give it a
share and until next time guys take care