D
Deleted42084
Guest
Hello Fastlane members,
In the past, I have met many men and women, who were highly successful in creating their own wealth. In all encounters, both the men and women lived lavished lifestyles supported by, what I would now consider, a ‘fastlane’ business. But in each encounter, not once did I ask, “how did you make your money” or “how did you start your business”. Doing this would have played a significant role in understanding the path to success. A few weeks ago, I received entrepreneurial advice on the benefit of starting my own business, which sparked me to research everything about ‘business and success’. I came across The Millionaire Fastlane in my local bookstore, and after a few pages in, I was hooked. MJ is a genius and an absolute saint for sharing this information.
I am currently in the idea stage of my fastlane business, so I wanted to get some perspective on building an ecommerce/social commerce website. There have been questions that I’ve answered through a lot of research, but it sometimes leads to more questions that haven’t been answered.
So, here are my questions to you members!
What is the best option for possibly selling a wide variety of products/brands online? (think cosmetic industry). Is it, finding a distributer that carries a wide range of product and purchasing stock, or affiliate marketing?
One of my first and obvious issues is not being an established retailer (yet). To my knowledge, large distributers may be reluctant to sell to an unknown source, especially if there is not a high volume of orders.
Affiliate marketing all products/brands may be the best way to “carry” everything on the site. However, my biggest issue with this is not allowing users to buy the products off of ONE site, which I wanted to use as my selling feature.
I have also heard of “drop shipping” where a manufacturer or wholesaler does the delivering process of products on behalf of your website. This seems very convenient and less complex. However, I’m not sure if there will be manufacturers or wholesalers that carry a wide range of cosmetic brands, and use this option.
Lastly, a point that needs to be considered for 3 all options is region. I live in Canada, therefore may limit cosmetic brands available in Canada (if working with a Canadian distributer). Or should I launch from the US?
Please let me know your thoughts, I’d appreciate as much feedback as possible.
In the past, I have met many men and women, who were highly successful in creating their own wealth. In all encounters, both the men and women lived lavished lifestyles supported by, what I would now consider, a ‘fastlane’ business. But in each encounter, not once did I ask, “how did you make your money” or “how did you start your business”. Doing this would have played a significant role in understanding the path to success. A few weeks ago, I received entrepreneurial advice on the benefit of starting my own business, which sparked me to research everything about ‘business and success’. I came across The Millionaire Fastlane in my local bookstore, and after a few pages in, I was hooked. MJ is a genius and an absolute saint for sharing this information.
I am currently in the idea stage of my fastlane business, so I wanted to get some perspective on building an ecommerce/social commerce website. There have been questions that I’ve answered through a lot of research, but it sometimes leads to more questions that haven’t been answered.
So, here are my questions to you members!
What is the best option for possibly selling a wide variety of products/brands online? (think cosmetic industry). Is it, finding a distributer that carries a wide range of product and purchasing stock, or affiliate marketing?
One of my first and obvious issues is not being an established retailer (yet). To my knowledge, large distributers may be reluctant to sell to an unknown source, especially if there is not a high volume of orders.
Affiliate marketing all products/brands may be the best way to “carry” everything on the site. However, my biggest issue with this is not allowing users to buy the products off of ONE site, which I wanted to use as my selling feature.
I have also heard of “drop shipping” where a manufacturer or wholesaler does the delivering process of products on behalf of your website. This seems very convenient and less complex. However, I’m not sure if there will be manufacturers or wholesalers that carry a wide range of cosmetic brands, and use this option.
Lastly, a point that needs to be considered for 3 all options is region. I live in Canada, therefore may limit cosmetic brands available in Canada (if working with a Canadian distributer). Or should I launch from the US?
Please let me know your thoughts, I’d appreciate as much feedback as possible.
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