Is it worth it to open an online store where you can buy for example Japanese imported Whiskey. I'm located in Germany and there is already one but I wonder in general if that is a good idea. Would this be a full-time job or can it be done while I'm studying?
>>1293985
Is it hard to get Japanese whisky in Germany? Its not too hard to find here in the US.
Getting off the ground would be a full-time gig. Then it depends how much you automate the process.
My rule-of-thumb these days is "never invest in anything food or beverage related". The only time I've ever been burned is with businesses like these. Even what looks like a slam-dunk has gone bad.
>>1294523
How so?
>>1294540
It went wrong in various ways, but the examples won't relate to this specific idea. But, after trying a few things, I just don't do food or beverage anymore.
A friend of mine even lost several hundred thousand dollars in a couple of bad restaurant investments.
One thing I'd say specifically: do extensive research on how spirits can (and can't) be shipped legally.
>>1294540
Not him but I also veered away from food/beverage even though I was very, very interested in the subject. I made some pretty decent connects (nothing world class but top dogs in my mid-tier city) and learned the wisdom from them as well.
They were encouraging, but other industries seem better for me. Food/beverage, at least in Canada and I assume in other developed countries, is just covered in bureaucratic approval processes and liabilities. Alcohol is even moreso and it's taxed like fuck.
>>1294554
Isn't investing in a restaurant one of those do's and don't of business? Like buying a boat is a don't, investing in a restaurant is a don't, etc.
>>1293985
not sure how it is in germany, but here in the states you'd never want to do something like this since you'd need a fucking team of lawyers to figure out the intricacies of all of the liquor laws
>>1294715
That's my whole point, food and beverages is a 'don't'. And really, it doesn't matter why, the stats bear this out.
>>1293985
Dude, forget it.
I'm from Germany too and I aready see one major factor why you'll have a really hard time to make money.
www.whisky.com
They are located in Germany and there is probably no better domain.
>>1295048
it's very specific. superior marketing can always annihilate nichemarkets. law is a major problem. starting imvestment should be huge to have. chance and still high risk.
>>1295233
Really good whisky is sold out fast, especially Hibiki, one of the best in the world.
No network, no good whisky.
