letthemsurf
New Contributor
- Joined
- May 14, 2021
- Messages
- 2
Rep Bank
$50
$50
User Power: 50%
Hi everyone
I know this is a how long is a piece of a string type question but bear with me.
I predict I'll make close to nothing in year 1 of running my store. I need some income in that first year and do quite while doing as a growth marketing consultant. Can I get by on spending 20 hours per week on the store?
The store:
Does this seem feasible?
I know this is a how long is a piece of a string type question but bear with me.
I predict I'll make close to nothing in year 1 of running my store. I need some income in that first year and do quite while doing as a growth marketing consultant. Can I get by on spending 20 hours per week on the store?
The store:
- 1 product that's sold on subscription. A couple of different packaging/quantity SKUs but essentially 1 product.
- It has a shelf life and the MOQ is reasonably high so I can't just chill out and take the sales as they come. I'm also using a 3rd party logistics company so incur costs for having product in storage (although these are not substantial).
- 2 suppliers. One for the product itself and one for the packaging. Product supplier sends it to packaging supplier. Packaging supplier sends it to 3rd party logistics company who pick, pack, and ship it.
- Goal is to do $60k gross in year 1
- I'll spend $1k - $1.5k p/month on a part-time person to manage support, returns etc. Estimate these will be lower than avg due to the fact it's a subscription product so as time goes on a growing % of sales are made by existing customers.
- I have a lot of experience in online marketing, websites etc. (although limited in ecomm). I'll hire a freelancer to make any major updates to the site but will do smaller ones myself. I'll do all of the digital marketing.
- So I would have 20 hours weekly to handle marketing and logistics.
Does this seem feasible?
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
