Monday, October 11, 2010

My First Business Transaction

I have been planning and making strategies for past two weeks and I did my first business transaction just now. Yeah!!

My hubby is doing plantation business for cut foliage for export purpose and I always see them scrapping foliage that is not up to their 'export quality' standard but is still considerably good.

Two weeks ago, I came out with an idea to sell their cut foliage to florists around my housing area. My hubby was not interested at all and thought the volume that they would order would be very small but I managed to persuade him to bring me some samples to show to the florists. The first time I went with the 'export quality' foliage and I could feel that they immediately shut me off when they told me directly that they were not able to afford this quality at higher price and they were always using 'rejected' foliage.

I went home and revised my strategy. I asked hubby to bring me 'Grade B' quality samples and went to distribute to them again. They were more friendly to me the second time I went as I told them I understood their need and I thought I could supply them foliage at the quality and price that was agreeable to them.

Last weekend, I received my first order from one of the florists. I was happy although the amount is very meagre. At least I knew that my strategy worked. Hubby laughed at me but still brought the quantity that I wanted to deliver to the florist. I told hubby I would do this business professionally with him. I would pay him the cost that they normally sell to their customer and I would only earn the margin that I had marked up.

My first batch of cut foliage sold to florist
I do not know if there will be more orders from the florists but I am keeping my fingers crossed. My hubby thinks that I am playing 'masak-masak' but I have more purpose in life when I plan, make strategy and think how to proceed with this business.

No comments: