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Recent content by Birdie

  1. Birdie

    Making $5K a month by August 2015

    EXECUTION 
    Update: We just got an office! We're both so excited to finally have a space to work:hurray: We analyzed the expense, which is not over 8-10% of our profit and/or revenue margin. It has 250 sq ft and two desks. We are happy because it provides space for us to work on shipments, packages...
  2. Birdie

    Making $5K a month by August 2015

    EXECUTION 
    Hi xhcsurge, It's been a while since we last updated (almost a month!). We've both been working 13 hours days or longer on the business. First, let me back up to March: it was hell. We barely made any sales and mounting debt. It landed Dinho in the ER. The major pressure to make a living with...
  3. Birdie

    Making $5K a month by August 2015

    EXECUTION 
    Thank you for clarifying that for me, theag. I did mean profit margin, with the processing fees, shipping and supplies and cogs. I am glad to hear that we are at an acceptable profit margin:) I can foresee in the future looking for products that have a similar or better profit margin as we get...
  4. Birdie

    Making $5K a month by August 2015

    EXECUTION 
    I actually have a question... Is 32% a good profit margin on each item? I am curious what a good profit margin is since I have read of many fastlaners having a 100 to 300% profit margin on their products.
  5. Birdie

    Making $5K a month by August 2015

    EXECUTION 
    Hi mike_d, In regards to eBay, I found that used items in auctions or at 50% of the price sell out well. However, when are listing new items, eBay customers are not used to paying the premium that Amazon customers do. On eBay, we have a 90 day return policy plus free shipping plus ok...
  6. Birdie

    Making $5K a month by August 2015

    EXECUTION 
    Sales to date: $2k Profit: $515 We have launched the second website, which is a service related to our store. Several customers have asked for quotes and we are getting sales from the second website as well. Some thoughts: eBay is ok for used products, but people there want a bargain. Our...
  7. Birdie

    Do you run your own Facebook Fan pages? You need this tool!

    MARKETPLACE 
    Will give it a try:)
  8. Birdie

    Diary of my online retail journey

    EXECUTION 
    Hi ajaydarez, Is this product completely new and unlisted anywhere? If so, you will need to take pictures of the product. Either have someone do it for you, or take the pictures yourself. There are tons of YouTube videos explaining how to do great product photography. Remember that it might...
  9. Birdie

    Extended return period (60 or 90 days)

    PEOPLE 
    That is a great guarantee, Theag. A great example of this kind of guarantee is Keurig. They offer a lifetime guarantee and even send you a replacement if it ever malfunctions. They are priced higher than most coffee machines yet they keep selling like hot bread because of their ease of use...
  10. Birdie

    Extended return period (60 or 90 days)

    PEOPLE 
    Thank you so much for that wealth of information, Raoul Duke! It has definitely sprung me to brainstorm ideas of specific ways to offer specific definitions of risk reversal within my service-product hybrid offering. We've made a video presentation with VoiceOver (fivver has been awesome for...
  11. Birdie

    Hello, Fastlaners!

    INTRO 
    It seems like you think school is boring, which it totally is. It's a waste of time to get a degree or take general classes. However, why don't you take classes for game development? Take the classes that will give you real skills and not just useless theory. Look up the most economic schools...
  12. Birdie

    Your take on launching 2 businesses with a friend?

    HOT! 
    What does he really bring to the table? Has he ever made a sale? Does he know about marketing, setting up a website, doing accounting? What are his SKILLS? Would he be willing to put capital into the business? What percent of your profits will you share? What will happen if he gets tired of the...
  13. Birdie

    Extended return period (60 or 90 days)

    PEOPLE 
    Thank you for all your answers. This helps a lot making our decision.
  14. Birdie

    Extended return period (60 or 90 days)

    PEOPLE 
    Dear fastlaners, My partner and I seem to have a disagreement on our return policy. I have suggested a return period of 90 days, which will give us an edge over our competition. My partner insists that 60 days is better because of the liability. He says we can get stuck with expensive...
  15. Birdie

    Starting projects but never finishing them...

    If you are having trouble getting something done, try changing your environment. If you are at home, it's very easy to get distracted by your Facebook feed, your other projects, tv.... However, if you go to the library or a place without distractions or interruptions for some hours, and just...
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