- Joined
- May 7, 2015
- Messages
- 97
Rep Bank
$265
$265
User Power: 54%
Hi Guys,
I'm looking for a bit of advice I suppose. I've had what I think is a great idea for an ecommerce business. There is a product that does really well in the US. They seem to be a market leader and a really strong brand in the US but are only selling their product on Amazon in the UK (for what it's worth it is a best seller on Amazon in it's category).
Based on some preliminary research, I think I can build my own brand and undercut their pricing slightly and be more aggressive with my marketing (facebook, instagram etc.) as I get the impression that they do not actively market to the UK, only the US.
Has anyone ever had any experience starting their own brand based on a product that is popular in another country?
Also I'm wondering whether anyone has any decent resources to get started with? I've found this on the shopify blog which seems pretty cool, would be interested in finding out how to accurately estimate profit margins etc.: https://www.shopify.co.uk/blog/1445...ild-launch-and-grow-a-profitable-online-store. There are so many things I feel like I need to consider like branding, packaging etc. but I have no idea where to start!
I feel a little intimidated as the product that is selling in the US is so strongly and uniquely branded, but I suppose I can always just start with something simple instead of overcomplicating it and spending too much time in analysis paralysis...
I'm looking for a bit of advice I suppose. I've had what I think is a great idea for an ecommerce business. There is a product that does really well in the US. They seem to be a market leader and a really strong brand in the US but are only selling their product on Amazon in the UK (for what it's worth it is a best seller on Amazon in it's category).
Based on some preliminary research, I think I can build my own brand and undercut their pricing slightly and be more aggressive with my marketing (facebook, instagram etc.) as I get the impression that they do not actively market to the UK, only the US.
Has anyone ever had any experience starting their own brand based on a product that is popular in another country?
Also I'm wondering whether anyone has any decent resources to get started with? I've found this on the shopify blog which seems pretty cool, would be interested in finding out how to accurately estimate profit margins etc.: https://www.shopify.co.uk/blog/1445...ild-launch-and-grow-a-profitable-online-store. There are so many things I feel like I need to consider like branding, packaging etc. but I have no idea where to start!
I feel a little intimidated as the product that is selling in the US is so strongly and uniquely branded, but I suppose I can always just start with something simple instead of overcomplicating it and spending too much time in analysis paralysis...
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. :-)
Access Restricted: Unlock 1,000,000+ Posts
Stop Peeking Through the Keyhole.
Open the Door.
You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.
- Active Daily: Life-changing content posted dozens of times every day. No dead threads.
- MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
- Vetted Network: Connect with founders scaling to 7 and 8 figures.
- Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."— User Richard Peck
"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?
