I'd love to hear some advice about whether I should just find another niche (and how to think about a niche better), or if I should continue in this niche.
I've started an ecommerce (my first experience with this) store selling toys to help kids learn math. I thought this would be a good niche that addresses a pain point for a lot of people - learning math, or parents helping their kids learn math.
I'm starting to think that my niche has turned out to not really be a niche. It seems like I've just picked a section in Toys R Us (all the math toys and games) and tried to market it. I've found 2 products that are not really found in other toy stores that have normal retail margins and small order requirements, but retail price is less than $30 so I'm starting to wonder if doing the work to get traffic will be worth it. I'd love to hear some advice about whether I should just find another niche, or if I should continue with these math toys.
Besides the 2 unique products, I've negotiated a drop shipping arrangement with another ecommerce store, but my discount is quite a bit less than 20% so my average expected profit is like $3 per item :sigh:. Would the site even be worth selling at some point?
pm me for the url. should this thread be moved to failures/lessons learned?
P.S. I have read and keep re-reading Biophase's threads.
I've started an ecommerce (my first experience with this) store selling toys to help kids learn math. I thought this would be a good niche that addresses a pain point for a lot of people - learning math, or parents helping their kids learn math.
I'm starting to think that my niche has turned out to not really be a niche. It seems like I've just picked a section in Toys R Us (all the math toys and games) and tried to market it. I've found 2 products that are not really found in other toy stores that have normal retail margins and small order requirements, but retail price is less than $30 so I'm starting to wonder if doing the work to get traffic will be worth it. I'd love to hear some advice about whether I should just find another niche, or if I should continue with these math toys.
Besides the 2 unique products, I've negotiated a drop shipping arrangement with another ecommerce store, but my discount is quite a bit less than 20% so my average expected profit is like $3 per item :sigh:. Would the site even be worth selling at some point?
pm me for the url. should this thread be moved to failures/lessons learned?
P.S. I have read and keep re-reading Biophase's threads.
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