do you use ppc through bing?
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1) Would you recommend using Magento for a 1 man shop? Magento was a giant pain when we rolled it out, across a team. Now that I am on my own, starting stores, I am wondering if its too much for a small operation like mine. I would initially build the store and back end, with occasional help. Most good Magento guys I know charge $90/hr, not cheap. From my experience Magento is a giant undertaking, not sure if its good for small operations.
2) Whats your POV on Wordpress ecommerce stores? Worth it? Again, I am a small operation, building a lot on my own.
3) At what point in an ecommerce company lifecycle do you introduce marketing(SEM, FB ads, Display ads, etc)? From my experience we were live and grew quickly for two years before we spent any money on marketing. We were in a high growth niche with lots of exposure from sponsorships and events. Now its our largest expense.
4) What do you do to identify new trends in retail? Example, in the next few years, wireless electrical charging is going to be huge. It will be in the iphone, and I imagine a cottage retail industry to be created. Do you have any voodoo to spot these quiet potential retail opportunities?
1) Would you recommend using Magento for a 1 man shop? Magento was a giant pain when we rolled it out, across a team. Now that I am on my own, starting stores, I am wondering if its too much for a small operation like mine. I would initially build the store and back end, with occasional help. Most good Magento guys I know charge $90/hr, not cheap. From my experience Magento is a giant undertaking, not sure if its good for small operations.
Bio,
Have you ever had success in convinving a manufacturer to dropship for you when they normally wouldn't? If a manufacturer didn't dropship or wasn't familiar with the model, how would you go about asking them/explaining to them how to accomodate you?
Cory
Isnt that essentially Affiliate Marketing?
do you use ppc through bing?
How important is specialization?
For example from what I can see, the thing you do is.. if your market are tennis players, you would open up a store for rackets, a store for shoes, a store for the tennis balls, etc.
What is the benefit of doing this vs having a one-stop-shop for all things related tennis?
Second question I have for you is.. A lot of people see you as a great role-model, but how do you feel about your success rate so far. Do you feel that you are successful or are you still hungry for more.
You wrote on your blog that you sometimes lack motivation. Do you still enjoy it?
What would you consider to be the pro´s and con´s of your current business and life-style.
No, it is not his Porsche. It is his car thoughis that your porsche?
Biophase, do you consider to sell your business one day and get more time to enjoy or this is not an option yet?
To tell you the truth, this is exactly what I thought when I read about them. In fact, I am sure you could make them suffer a little if you decided to go into the same niches they are working on.I could have been the next Wayfair.
\\Hi Bio,
Thank you so much for offering to do this. I have been a big fan of yours not only here but also of your blog.
Knowing what you know now, how would you start off if you were just starting out today if someone wants to be where you are at in 2-5 years from now?
What do YOU see as the basic steps to starting a successful ecommerce store?
I am looking for the fundamental steps from your perspective so I can do more learning/research about the process.
Any recommendation on books, courses to get started to learn the basics? There is just too much stuff out there that you don’t know where to even start.
Did you ever publish that ebook on Ecommerce you were writing? Any chance I can pay you for a copy?
A million thanks in advance.
Knowing what you know now, how would you start off if you were just starting out today if someone wants to be where you are at in 2-5 years from now?
What do YOU see as the basic steps to starting a successful ecommerce store?
I am looking for the fundamental steps from your perspective so I can do more learning/research about the process.
Any recommendation on books, courses to get started to learn the basics? There is just too much stuff out there that you don’t know where to even start.
Did you ever publish that ebook on Ecommerce you were writing? Any chance I can pay you for a copy?
A million thanks in advance.
need no details, just general info. can you talk about the size of your business, revenue, employees, growth?
Also, can you talk about your margins, and how they change as you go from dropshipping to warehousing to manufacturer? My knowledge is that manufacturing and warehousing will leave you with the best margins and highest risk, while on the other end of the spectrum, dropshipping provides the worst margins and least risk.
To tell you the truth, this is exactly what I thought when I read about them. In fact, I am sure you could make them suffer a little if you decided to go into the same niches they are working on.
And thanks for this thread. Legendary.
Great thread!
Have you considered opening brick & mortar store locations? Why did you decide against it?
If/when you decide to sell, how would you go about finding a buyer? Pay a firm to list it for you?
Do you typically do standard 50% margins, or do you price under established retail?
Do you offer free shipping?
And finally, how long do you think it would take a newbie in a good niche to get up to $100k/yr in revenue?
No, it is not his Porsche. It is his car though
If you don't mind me asking, how much under MSRP do you typically sell at?You don't get 50% margins online. You are competing with other stores that if you price MSRP you will be way too high to compete.
This is about what I figured. Thanks!I think that if you work hard, you can be at $100k within a year with the bulk of your income coming in November and December.
Funny thing is the part I actually enjoy in this business is putting the product in the box, taping it up and slapping the Fedex label on it. I still go in on Sunday nights and pack boxes if I get bored. I like the aspect of concluding an order, serving the customer and making the money on each particular sale.
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