- Joined
- Aug 18, 2019
- Messages
- 11
Rep Bank
$235
$235
User Power: 155%
Hi all,
Like the title suggest, this is what I will be doing exactly. I will be updating my progress on a weekly basis as a way to keep me on track as well.
There are 2 e-commerce venture that I will pursue.
1 - A site that sources boutique designer products all over the world in a particular niche to mainly sell in the local market. I will be talking to designers, crafters in the niche to purchase at a wholesales price of between 30% - 50% off. The idea is to market it vigorously via FB and Instagram to create the traffic to the website.
I am doing this first as my current amount of capital is limited and the sources I am getting already have decent sales and reviews in their native countries. Simple buy low sell high strategy.
2 - Once I have generated enough profit to act as a capital, I will move on to product manufacturing in the simplest sense. Take what is already available in my niche and make improvements to it and brand it under my own personal brand. This will be sold on an e-commerce website and also on amazon and equivalent in my local country.
There are already 6 products that I have identified that improvements can made to make the product better, only short of looking for suppliers to talk about the cost of the improvement.
This is actually the main business that I want to be in as I believe there are so much improvements that can be made in this niche and I am personally using a lot of the products and I already have plans for the next 5 years.
3 - On the side to hustle for income to cover the monthly expenses, I will be doing food delivery and cargo delivery with my car, looking to cover $1500 per month to break even the expense.
Current Progress
Business 1
6 products sourced and samples ordered. First batch of order will arrive early to mid September.
Immediate 3 Task to do and complete for the week.
1 - Logo Creation
2 - Complete the website using Shopify
3 - Source and procure packaging
Side Hustle
1- Started food delivery with my humble bicycle, Nett $32 today with 3 hours on the road. a$$ hurts.
2 - Applied for Cargo delivery, attending training session on Thursday. Pending confirmation from 2nd company.
Anyone at all, feel free to comment, question and provide your valuable feedback if you have time to read this. I really appreciate your time spent for me. Thank you.
Like the title suggest, this is what I will be doing exactly. I will be updating my progress on a weekly basis as a way to keep me on track as well.
There are 2 e-commerce venture that I will pursue.
1 - A site that sources boutique designer products all over the world in a particular niche to mainly sell in the local market. I will be talking to designers, crafters in the niche to purchase at a wholesales price of between 30% - 50% off. The idea is to market it vigorously via FB and Instagram to create the traffic to the website.
I am doing this first as my current amount of capital is limited and the sources I am getting already have decent sales and reviews in their native countries. Simple buy low sell high strategy.
2 - Once I have generated enough profit to act as a capital, I will move on to product manufacturing in the simplest sense. Take what is already available in my niche and make improvements to it and brand it under my own personal brand. This will be sold on an e-commerce website and also on amazon and equivalent in my local country.
There are already 6 products that I have identified that improvements can made to make the product better, only short of looking for suppliers to talk about the cost of the improvement.
This is actually the main business that I want to be in as I believe there are so much improvements that can be made in this niche and I am personally using a lot of the products and I already have plans for the next 5 years.
3 - On the side to hustle for income to cover the monthly expenses, I will be doing food delivery and cargo delivery with my car, looking to cover $1500 per month to break even the expense.
Current Progress
Business 1
6 products sourced and samples ordered. First batch of order will arrive early to mid September.
Immediate 3 Task to do and complete for the week.
1 - Logo Creation
2 - Complete the website using Shopify
3 - Source and procure packaging
Side Hustle
1- Started food delivery with my humble bicycle, Nett $32 today with 3 hours on the road. a$$ hurts.
2 - Applied for Cargo delivery, attending training session on Thursday. Pending confirmation from 2nd company.
Anyone at all, feel free to comment, question and provide your valuable feedback if you have time to read this. I really appreciate your time spent for me. Thank you.
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today