View Full Version : Closed my business
After 3 years the www.ultimatebags.co.uk (http://www.ultimatebags.co.uk) site is closed.
I tried to make it a viable business but could not compete with the ridiculous price wars from the likes of Amazon and from other people who did not know how to calculate profit.
I do have a few things left if anyone is interested. Price varies but in general below £40 for bags that would cost above £100.
I will now take it easy, focus on doing only my dayjob and spend the rest of the time on more enjoyable things. I'm coming to terms in being "good enough" :)
maviczap
21-12-10, 10:17 AM
Its a shame, at least it was not your main job
jamesterror
21-12-10, 10:18 AM
Unfortunate to hear it, people at the minute tend to opt for price and with Amazon having the good service (imo) and good prices then it's obviously a lot harder for people like yourselves.
Were you getting a lot of traffic through your website?
I do have a few things left if anyone is interested. Price varies but in general below £40 for bags that would cost above £100.
I'm sure my Kerry will be interested in anything you have left.
Do you have contacts in general? Kerry is after the Mini Alexa and/or the Alexa in Tan from Mulberry.
http://www.mulberry.com/?gclid=ckyumrop_aucfygh3wod4t1hqa/#/storefront/c5614/5600/category/
http://www.mulberry.com/?gclid=ckyumrop_aucfygh3wod4t1hqa/#/storefront/c5614/4299/category/
The only brand I have left bags from are Jansport and some Hooch.
I was getting some traffic through the site but main income was selling through Amazon........while I could still sell at a profitable price.
It's a shame but it really affected my health and it's not worth it!
Dicky Ticker
21-12-10, 10:50 AM
Feel for you having put a lot of work into setting a business up to have to decide that it is not worth the aggro. I am only a figurehead,as in retaining the name and being prime investor but i know how difficult it is and had some hefty kicks in the nuts myself over the years.
NOW IS A DIFFICULT TIME TO BE IN BUSINESS
maviczap
21-12-10, 11:16 AM
Feel for you having put a lot of work into setting a business up to have to decide that it is not worth the aggro. I am only a figurehead,as in retaining the name and being Prime Minister but i know how difficult it is and had some hefty kicks in the nuts myself over the years.
NOW IS A DIFFICULT TIME TO BE IN BUSINESS
Corrected :D
Ah thats a shame mate, still, you gave it a good go , its tough times out there all right.
Sincere commiserations Moses. I hope that you have salvaged something positive, for example the technical knowhow and the market knowledge to be able to do it again when things improve.
After 3 years the www.ultimatebags.co.uk (http://www.ultimatebags.co.uk) site is closed.
I tried to make it a viable business but could not compete with the ridiculous price wars from the likes of Amazon and from other people who did not know how to calculate profit.
I do have a few things left if anyone is interested. Price varies but in general below £40 for bags that would cost above £100.
I will now take it easy, focus on doing only my dayjob and spend the rest of the time on more enjoyable things. I'm coming to terms in being "good enough" :)So have you given yourself the sack?
I have certainly gained a lot of knowledge if I was to go do an online business again! :)
Yes Viney - I've sacked myself :D
Sorry to hear this Moses, :0( but if it's affecting your health then best give it up and as you say move on.
JamesMio
21-12-10, 06:36 PM
I have certainly gained a lot of knowledge if I was to go do an online business again! :)
Yes Viney - I've sacked myself :D
Sounds like just the sort of man I need to buy a beer for a chat sometime!
Big shame, if I had known you had your own business (or anyone on here with a business) I'd have used you! I recently bought a new bag and would have rather given the money to yourself.
Perhaps there should be a section for this... Local business's?! I'd certainly check it regularly..
Sounds like just the sort of man I need to buy a beer for a chat sometime!
whenever you want :) I'm cheap as well as I don't drink
Big shame, if I had known you had your own business (or anyone on here with a business) I'd have used you! I recently bought a new bag and would have rather given the money to yourself.
Perhaps there should be a section for this... Local business's?! I'd certainly check it regularly..
has always been as my signature :) I guess I need to post more
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