How I Started Response Commodities

I was asked on my Ask.fm account to make a short blog post about how I started Response Commodities so I decided to follow through and make a post about it. Pardon my rambling here, I just whipped this up quick and didn’t go through the editing process much.

Response CommoditiesI’m not going to go into too much detail because a lot of it is trade secret, but I’ll go through the common sense stuff. I was interested in trade for a long time before starting the business and I first began networking with other people in the industry. I did research and first thing I found where niches that had high profit margins and new trendy items. I picked tobacco products, electronics, and clothing – all high profit niches.

The next thing I did was look on Alibaba for people selling products in those niches. I found sellers, contacted every single one, then negotiated test buys. Most people selling things, I’ve found, are scammers. I negotiated smaller buys upfront, purchased from multiple people, got their skype screen names, and waited for the orders to come in. Some purchases came in, some didn’t – I had to cut my losses.

When the small ones came in I tested selling retail to gauge interest. I also looked at the quality of items I was buying to see if it would be suitable to sell without having to deal with complaints. After selling the items retail and building relationships with the merchants that delivered high quality product fast, I slowly increased my order size until I reached a point where I was ordering in bulk.

Obviously, the larger the order the lower the price per unit. To experiment, I opened up an operation that cold called businesses in my related niches to open up a line of communication where I could begin negotiating rates for bulk orders. In many cases, I ended up being able to drastically undercut their prices off the bat. To propel sales, I fronted inventory to retail operations so they could sell and pay once items where sold.
I slowly began getting into bigger ticket items like electronics, which ended up being bigger margins for me. The biggest challenge with the business now is ordering the correct amount of product, keeping up with the latest technology, and maintaining cashflow while I front product to retail outlets.

Now, I’m still at the very early stages of the business and other things have caught my interest more – but the company has potential and is earning money. Obviously I’m not in Wal-Mart or anything like that yet – but if I put my full focus on it I could grow is dramatically. The biggest challenges I’ve faced with the business is the cashflow required to scale it, and the risk I take when I over order product inventory and it doesn’t sell. For example, I didn’t predict trends correctly in my electronics division and over ordered hundreds of a certain product, only to have the next version released. Now, I’m sitting on inventory of a product that it far more difficult to sell because it’s old technology and I’m going to have to take a loss selling it – plus it’s very difficult to find someone to buy it.

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Ramblings…. My Digital Journal

tl;drPublicly talking about my struggles, goals and businesses has always been a major personal motivator in keeping me accountable to both myself and the public. Since launching this blog I’ve had so many ideas for topics that I would like to discuss ranging from posts about hobbies, to advice on managing development tasks, to short product reviews, to personal posts about my inner struggles and challenges. Lately, I’ve been dealing with some extremely challenging and important changes in my life that deserve a mention but I can’t get the motivation to start the post. I’m hitting a roadblock every time I want to write…

The Perfectionist inside me…
perfectionsimBecause of my self-moderation, review, obsession with formatting and endless revising it’s nearly impossible to get any ideas out. I overthink every written word that leaves my mouth from my seemingly meaningless Twitter posts to the articles that end up on here. I even created a short posts category and the most simple posts probably end up with 30+ revisions! Besides making things take far longer than they should, the honesty behind the message gets lost through editing alone.

This blog is my personal space, it’s not my business profile or resume. It’s something I want to be able to look back on and reflect. If I’m unable to get my ideas out whatever they may be, it’s limiting my growth as an individual. If I can’t post, I can’t look back to see the mind-state I was in. Looking at my past is one of the most vital tools I use for self-improvement both as a person and as a businessman.

I’ve come up with a solution…
tumblrI’ve decided to use my Ryan Eagle Tumblr and challenge myself to post whatever is on my mind, when it’s on my mind, completely unedited and honest. I want the truth even if makes no sense or is embarrassing – not carefully constructed sentences. I don’t want drafts, edits or revisions. I want to see what really goes on in my head. I started making my first rambling posts a couple days ago.

The goal is to be able to review what I’ve written, edit it, and compose structurally organized blog posts. It’s my goal to review a dozen rambles that I barely understand and try to produce one meaningful post I can publish and reflect on later. The goal is to jot down anything on my mind, get it out, and laugh about how stupid it was or how much I was over-analyzing myself. I understand how a lot of people work but there is one person that baffles me still : myself. I feel sorry for the haters that try to interpret my actions because they’re going to end up more confused than me. Continue reading

We Are Keeping It

I woke up and my entire life changed.
Literally days after making a tumblr post about my future I wake up to news that I would have never expected. I’m still in shock it happened in the first place (I’m not that reckless) considering the protective measures we took. I had no clue that sje would ever even consider keeping a baby considering the circumstances, but life takes you directions you had no clue you were going to go. All I knew is that I had to man up and support whatever decision she made.

For me, the decision was pretty clear cut and logical. But for my girlfriend, the decision wasn’t as easy as even she expected. When you’re detached from situations like this it’s very easy to say what you’d do, but when real life hits it was a lot more challenging for her. She didn’t know what to do and I had to support her the best I could, sharing my opinion but not pushing it. The back and forth struggle she went through killed me more than anything, I didn’t know what to expect. To be honest, I’m just glad we have a final decision. I couldn’t see her like that anymore and I couldn’t survive another week with the pressure. I’m scared to death for a dozen reasons and happy for a dozen more, but I’ll reserve that for a blog post down the line.