Sounds like you have an opportunity to make some money. But remember; you will need insurance, a license to sell, a shop to work in, an accountant, permits, inspections, a business plan/model, advertising, your time, and risk everything to make your venture work.
Do you still think you can sell them for $20 and warranty them? Remember; you might be selling 100 a week or more. Figure working 16-18 hours a day and probably weekends. Almost for sure; Saturday.
Just one question Sir. Have you ever had your own successful business?
I had full response typed and my computer shut down so I lost the entire message.
The kit above can be sourced for less then 20 bucks.
the compressor is found on ebay
http://cgi.ebay.com/NEW-AIR-COMPRESSOR-MINI-250-PSI-12-VOLT-NEW-AUTO-PUMP-/140491788194?pt=LH_DefaultDomain_0&hash=item20b5f68fa2
if one spends sometime you can source the manufacturer in hong kong and buy direct for even a greater savings.
the house line,ferrules and t fitting can be found for about 2 -3bucks...a quick google search yields thousands of sellers
how much is a fuse and holder?? maybe a buck if that?? how about a few feet of copper wire?? you have that in a junk box in the basement right now if you look.
the cost to build this kit is well under 20 bucks
as for a warranty, said company offers none..for that matter they use a yahoo email address for contact
most small businesses are not registered with the secretary of state, dont have a license, dont use a tin
but say you wanted to be "legal"
incorporate- done online for 99 bucks
register to get a tin- free, five minutes through the irs
file with your home state- corporations division make certain the name is not being used otherwise you need a dba, pay their fee - cost varies my home state was 150.00
the down side to doing all this is now "legally" your required to file quarterly estimates...99% of home based llc, corporations dont do this..for that matter 99% of small businesses you see driving up and down the street dont do this either...
you dont need insurance for this type of product being sold (e&o? liablility??)since you dont have employees, who is someone going to sue??? your company for what?? the pump failed after 2-3 years??? all this crap from hong kong is designed to fail after X amount of cycles...its a fact of life....
as for did I have a small business before???
It started in May of 02 with one person me...it grew to 300 employees (full/part time) and had peak revenues of 12 million and a net of 3 million. when the banking/lending/real estate sh1t hit the fan..with in 3 months back in 08 everything came apart...I closed the company down May 17, 08 and have been looking for another idea (this isnt it, I just wanted to show how you can make the same part for a fraction of the price)
so let me toss this out...anyone have an idea for a product/service/idea and interested in seeing if it is viable to go to the next level?? shoot me a pm
I have money to bankroll and experience....