Micky
π€ SpeakerAppearances Over Time
Podcast Appearances
Go on, Ben.
I think Ricky was speculating... Go on.
Yeah, no, what I was going to say is, say, for instance, tomorrow morning, we decided that we wanted to do, you know, loads of merchandise and everything else.
We could either go out and spend tens of thousands of pounds on merchandise or material and everything else, or you can pretty much go down a pretty direct route, which is pretty much what Hummel was offering with their...
It wasn't Terrace, who was it?
I can't think of the name of the company, what they run as.
But basically what they do is they will then put a T-shirt on their website.
They carry no stock or bare minimum stock.
And then what happens is that you'll basically go, yep, we'll have that.
I'll have that design in that color, post it.
Someone will print that and then basically bung it in a bag and it's out the door.
And then what happens then is that you will get paid a fee
A smaller fee, but off that without actually holding any stock.
So you don't actually have any liability.
But I think that's exactly what's interesting.
I have to say, listen, if you've got a company that's basically sitting there saying to you, look, we'll give you X amount of money, like X hundreds of thousands of pounds, and we'll manage your shop so that, you know, we'll staff it, we'll basically look after it, we'll do all the key, you know, the e-commerce, we've got a website, everything else.
It's a no-brainer deal, especially with the way that the Millwall shop's been run.
over the years, over the past year.
So all of a sudden, in their eyes, and we get to the point where it all went wrong, but in their eyes, you've got a company that's basically established, proven, doing really well, got loads of contacts within fabric and merchandising areas.
You go, I said, I'll do it.