I decided to make this eCommerce/importing progress thread after a spur of the moment decision. My goal for this thread is to not only be able to look back and see the progress I have made, but to absorb the advice that others have been so gracious to bestow upon me.
I would first like to take a second to thank @Ecom man and @Walter Hay. I know i'm not the first to say this, and definitely wont be the last, but you both really helped me to get motivated and learn a lot before jumping into the world of eCommerce.
Starting an eCommerce business is less about the money for me as it is about the learning and experience. Don't get me wrong, I like making money. But I really want to learn as many skills as I can now to set myself up for the future.
Now for the progress (as of 3/26/16)...
I started with this whole eCommerce thing in late January. After about a month of searching for a product to sell, I finally found my niche. I decided to sell on eBay because I didn't want to make a rookie mistake on Amazon and forever be banned.
The overall consumer perception of eBay, that is that it is a cheap place for deals, really hurts my company sales. My products require a sense of quality which is not achieved on ebay. As a result I need to move to my own website and build a brand through there.
If you've made it through my rambling so far, thank you. I understand that I have a lot to learn and am open to any advice that you can provide me with. I look forward to reading your responses.
I would first like to take a second to thank @Ecom man and @Walter Hay. I know i'm not the first to say this, and definitely wont be the last, but you both really helped me to get motivated and learn a lot before jumping into the world of eCommerce.
Starting an eCommerce business is less about the money for me as it is about the learning and experience. Don't get me wrong, I like making money. But I really want to learn as many skills as I can now to set myself up for the future.
Now for the progress (as of 3/26/16)...
I started with this whole eCommerce thing in late January. After about a month of searching for a product to sell, I finally found my niche. I decided to sell on eBay because I didn't want to make a rookie mistake on Amazon and forever be banned.
- I created a brand name and logo.
- With my first product I am about to order my first shipment of 100 units. I have progressed from order sizes of 15 to 30 to 60. They are selling well. On average I sell 4.5 a day at $16-$19 profit per unit.
- My second product is a little more expensive and sells about one a day. I have ordered a second order of 25 units more of this item. My profit margin is again $16-$19 depending on where it is shipping to.
- I have 4 other products all in the same niche that i'm going to sell once I have the money to do so.
- I created a killer template for my listings. I found an amazing picture to aid my company image and tracked down the photographer. He was a super nice guy and allowed licensing rights at a price that I saw fit to pay him.
- Started the process of getting a domain name. The one that I want is owned by someone who is holding it to sell. I should have control of it soon enough.
- So far I have over $3000 in sales. I could have sold more but there has been a few week layover between each new shipment.
The overall consumer perception of eBay, that is that it is a cheap place for deals, really hurts my company sales. My products require a sense of quality which is not achieved on ebay. As a result I need to move to my own website and build a brand through there.
- While my niche is not illegal, It is definitely frowned upon by eBay and Amazon alike. As a result I know my days on eBay are limited and that I need to make my own website.
- I need to improve my ability to write copy.
- This summer im thinking of, in addition to my eCommerce business, working in the sales department of a company. I would like to overcome my fear of putting myself out there and learn the art of selling.
- Also ive heard a lot of good things about toastmaster. Can anyone support this? Id like to learn how to talk in public.
If you've made it through my rambling so far, thank you. I understand that I have a lot to learn and am open to any advice that you can provide me with. I look forward to reading your responses.
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
![IMG_1782[1].webp](https://www.thefastlaneforum.com/community/data/attachments/8/8583-ec10309915c6c55b3a50d7b4450ef360.jpg?hash=TLGLArnNyB "IMG_1782[1].webp")
)
eomcovoph:
