Hey !
So, I was wandering online, searching for a business idea for weeks, when I found a cool ad this morning. Basically, it's some kind of POD (Print on Demand), with additional value.
The ad was in english, the website too, and in USD. Since I'm French, I quickly checked if there was any existing business like this one in France, and found none.
For obvious reason, I'm not disclosing anything about it yet, but once it will be implemented (if it works), I guess talking about it won't be a problem
I really flashed on this idea because:
1) It's working well in the US
2) It provides genuine value and exitement to peoples who receive it (either for them or as a gift)
3) It's for a group of passionated peoples who could potentially buy multiple time, meaning there is a potential for some customers retention
So, I decided to give a try.
I spent the afternoon calculating margins, and to be honest, there is nothing amazing here (3€ to 10€ of margin per product) , but hey, it's worth a try !
It doesn't fully respect the CENTS (My control is limited as I depend of an external supplier) but over time I guess it might improve, since I'll be able to negociate with other suppliers or whatever.
So, here is the things I need to do in the upcoming week:
- Find suppliers (mostly done)
- Calculate profits (mostly done, even tho they are pretty low)
- Find & contact designers (I'll check UpWork & Fiverr soon)
- Find a name & logo (Work in progress)
- Grab a domain name
- Create a store (should take me 4-5h to get it fully done)
- Start a marketing strategy, either organically or trough advertising. I'd prefer advertising, but my margin are pretty bad, and I don't wana burn everything
I have 2000€ available for this project.
I'll use this post as a "follow up" guide. I might post my "background" later, since I'm not starting ecommerce from scratch, I already have good knowledge and some "okay" experienc in the field.
Goal of the project: Create my 1st activity that is not a "Time --> Money" converter and not dropshipping. I'm freelance so I earn some cash, but it depends of the time I spend working.
So, I was wandering online, searching for a business idea for weeks, when I found a cool ad this morning. Basically, it's some kind of POD (Print on Demand), with additional value.
The ad was in english, the website too, and in USD. Since I'm French, I quickly checked if there was any existing business like this one in France, and found none.
For obvious reason, I'm not disclosing anything about it yet, but once it will be implemented (if it works), I guess talking about it won't be a problem
I really flashed on this idea because:
1) It's working well in the US
2) It provides genuine value and exitement to peoples who receive it (either for them or as a gift)
3) It's for a group of passionated peoples who could potentially buy multiple time, meaning there is a potential for some customers retention
So, I decided to give a try.
I spent the afternoon calculating margins, and to be honest, there is nothing amazing here (3€ to 10€ of margin per product) , but hey, it's worth a try !
It doesn't fully respect the CENTS (My control is limited as I depend of an external supplier) but over time I guess it might improve, since I'll be able to negociate with other suppliers or whatever.
So, here is the things I need to do in the upcoming week:
- Find suppliers (mostly done)
- Calculate profits (mostly done, even tho they are pretty low)
- Find & contact designers (I'll check UpWork & Fiverr soon)
- Find a name & logo (Work in progress)
- Grab a domain name
- Create a store (should take me 4-5h to get it fully done)
- Start a marketing strategy, either organically or trough advertising. I'd prefer advertising, but my margin are pretty bad, and I don't wana burn everything
I have 2000€ available for this project.
I'll use this post as a "follow up" guide. I might post my "background" later, since I'm not starting ecommerce from scratch, I already have good knowledge and some "okay" experienc in the field.
Goal of the project: Create my 1st activity that is not a "Time --> Money" converter and not dropshipping. I'm freelance so I earn some cash, but it depends of the time I spend working.
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