Good evening, Fast-Laners.
I am preparing to build up a company that imports and sells in US a certain natural food that serves as an excellent, nutritious treat for my target pet animal. I have come up with a plan to start the business, and I am currently going through the Desert of Desertion. I'd much appreciate any kind and solid feedback and encouragement.
1. Affirm there is a need. Check (I won't go through details but there is a need from my research and experience).
2. Study laws and regulations. Check (I even found a compliance company I can hire for free {and a foreign gov't will pay for 90% of their service! No joke}).
3. Find a manufacturer from overseas that will do private labeling for me. In progress (unfortunately I have to import it). I'm at this stage.
4. Order samples from them and make sure they are in compliance with laws and regulations. (I should spend less than $100 here)
5. Hire an experienced and highly rated free lancer(s) from Fiverr to make advertising materials, such as videos, for my product. (I may need to spend a few hundred bucks here).
6. Tap the market by crowdfunding on Kickstarter/Indiegogo. Never give up equity. (First study other successful crowdfunding projects on these websites).
7. Look for distributor companies that will carry my product, such as grocery stores, pet shops etc., bot online and offline.
8. If there is enough interest from the market, open an LLC, company's website, tax accounts, bank accounts, insurance etc.
9. Register products to the states.
10. Order from manufacturers. Start selling. Sell on Amazon also.
11. Look for more products I can sell. Continue to observe how the market responds and what it demands.
12. Evolve, grow, sell.
Thank you.
I am preparing to build up a company that imports and sells in US a certain natural food that serves as an excellent, nutritious treat for my target pet animal. I have come up with a plan to start the business, and I am currently going through the Desert of Desertion. I'd much appreciate any kind and solid feedback and encouragement.
1. Affirm there is a need. Check (I won't go through details but there is a need from my research and experience).
2. Study laws and regulations. Check (I even found a compliance company I can hire for free {and a foreign gov't will pay for 90% of their service! No joke}).
3. Find a manufacturer from overseas that will do private labeling for me. In progress (unfortunately I have to import it). I'm at this stage.
4. Order samples from them and make sure they are in compliance with laws and regulations. (I should spend less than $100 here)
5. Hire an experienced and highly rated free lancer(s) from Fiverr to make advertising materials, such as videos, for my product. (I may need to spend a few hundred bucks here).
6. Tap the market by crowdfunding on Kickstarter/Indiegogo. Never give up equity. (First study other successful crowdfunding projects on these websites).
7. Look for distributor companies that will carry my product, such as grocery stores, pet shops etc., bot online and offline.
8. If there is enough interest from the market, open an LLC, company's website, tax accounts, bank accounts, insurance etc.
9. Register products to the states.
10. Order from manufacturers. Start selling. Sell on Amazon also.
11. Look for more products I can sell. Continue to observe how the market responds and what it demands.
12. Evolve, grow, sell.
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
