Hi guys
November has been awesome for me, I just passed the 4k revenue mark for this month and couldn't be happier. The number doesn't tell the whole story though. It feels like I'm still on very loose sand. This might be interesting for all the Ecommerce entrepreneurs here that still lack control in their businesses.
Couple of side notes:
- Product is seasonal(5-6 months) and this is the best month of the season, should start to drop off again.
- 90% of sales come from marketplace, 10% from personal Shopify store. (Lack of Control)
- Profit +- 30%
- All traffic comes from Facebook ads aimed at Belgium/Netherlands
- All products come from the same Manufacturer (Lack of control)
He wants to expand the business in my region and was asking questions about how I sell to this region and details about logistics etc.
This manufacturers sells directly on AMZ and Aliexpress under it's own brand but at about 1/3 the price I am currently charging.
Just recently this manufacturer contacted me to ask if I was interested in a different deal.
He wan't to sell under his brand and he wants me to develop this market and I get a certain commission on sales.
I'll just paste his proposition right here.
My plan as below:
1. All the goods and money by our side, you can get very high commission from net margin, regarding the commission rate, we can negotiate it after.
2. Using the brand "MANUFACTURER BRAND" we can sign a 1-2 year contract for protecting that you will be our sole partner in that market
3. We can offer more products not only WIDGET X
4. You main job: Provide Dutch customers service and parcel delivery, including communication with marketplace support team.
5. We can help you to improve e-commerce operation, including provide more attracting pictures and content of selling point, keywords launch strategy. By the way, I am in charge of Amazon operation.
6. Offline business development
Any question, please let us know, thanks.
This deal sounds like a lose situation for me and I know they will drop me if the see the opportunity. For the moment they still sell WIDGET X to me but there are new products coming and they only want to sell them under their own brand.
I feel like I have the following options:
1) Keep doing what I do right now and risk not getting the new products and eventually not getting any products any more.
2) Try and get a better deal where I sneak in my own brand or try and keep him dependent of me.
3) Do what he suggests and probably be out of business in 1-2 years but start something new on the side.
Anybody who had to deal with the same situation?
@Walter Hay , am I lost or is this situation salvageable?
November has been awesome for me, I just passed the 4k revenue mark for this month and couldn't be happier. The number doesn't tell the whole story though. It feels like I'm still on very loose sand. This might be interesting for all the Ecommerce entrepreneurs here that still lack control in their businesses.
Couple of side notes:
- Product is seasonal(5-6 months) and this is the best month of the season, should start to drop off again.
- 90% of sales come from marketplace, 10% from personal Shopify store. (Lack of Control)
- Profit +- 30%
- All traffic comes from Facebook ads aimed at Belgium/Netherlands
- All products come from the same Manufacturer (Lack of control)
He wants to expand the business in my region and was asking questions about how I sell to this region and details about logistics etc.
This manufacturers sells directly on AMZ and Aliexpress under it's own brand but at about 1/3 the price I am currently charging.
Just recently this manufacturer contacted me to ask if I was interested in a different deal.
He wan't to sell under his brand and he wants me to develop this market and I get a certain commission on sales.
I'll just paste his proposition right here.
My plan as below:
1. All the goods and money by our side, you can get very high commission from net margin, regarding the commission rate, we can negotiate it after.
2. Using the brand "MANUFACTURER BRAND" we can sign a 1-2 year contract for protecting that you will be our sole partner in that market
3. We can offer more products not only WIDGET X
4. You main job: Provide Dutch customers service and parcel delivery, including communication with marketplace support team.
5. We can help you to improve e-commerce operation, including provide more attracting pictures and content of selling point, keywords launch strategy. By the way, I am in charge of Amazon operation.
6. Offline business development
Any question, please let us know, thanks.
This deal sounds like a lose situation for me and I know they will drop me if the see the opportunity. For the moment they still sell WIDGET X to me but there are new products coming and they only want to sell them under their own brand.
I feel like I have the following options:
1) Keep doing what I do right now and risk not getting the new products and eventually not getting any products any more.
2) Try and get a better deal where I sneak in my own brand or try and keep him dependent of me.
3) Do what he suggests and probably be out of business in 1-2 years but start something new on the side.
Anybody who had to deal with the same situation?
@Walter Hay , am I lost or is this situation salvageable?
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