Online electronic components shop

Hobbyists, makers, students, hobby robotics clubs, repairers and small product developers who want parts quickly from a local seller.

Margin on each part sold, plus sales of kits and assorted packs. Postage is charged to the customer or built into the price.

• Knowing common electronic parts and their specs
• Stock tracking and organising
• Basic website and product listing skills
• Customer service

• Check whether you need an ABN and when GST registration applies to your turnover
• Check Australian electrical safety and compliance rules for anything sold as a finished electrical product, such as mains power supplies and chargers
• Counterfeit or poor-quality parts from some suppliers, buy from reputable sources and test samples
• Australian Consumer Law covers refunds and faulty goods, check your obligations
• Check whether home-based business needs council approval where you store stock

Startup costs are typically around $2,000 to $10,000 as an estimate, depending on how wide a range you stock, your initial bulk purchases and your website setup. Starting with a tight range helps keep cash from being tied up.

Monthly revenue is typically around $500 to $5,000 as an estimate, depending on your product range, pricing, marketing and how many repeat customers you build. These figures are a guide only, not a promise.

Check whether you need an ABN and when GST registration applies. Also check Australian electrical safety and compliance rules for finished electrical products such as mains power supplies and chargers, your Australian Consumer Law obligations, and council rules for storing stock at home.