Building Products and Sell Them via E-Commerce [Progress Thread]

[NIK4658]

I've read your posts on and off, so sorry if this has been answered before.

How big is your market?
Who are your closest competitors?
How are they doing?
How do your products compare to theirs?

My general niche market is valued around 0.6 to 1 Billion in 2024, with a Compount Annual Growth Rate of 15% in the next 10 years.

I've got a list of other ecommerce based business that are my direct competitors, they have some products that are similar to mine and others are definitely worse in terms of design and quality.
Then, in the same general market there are business that are worth up to hundreds of millions, but they sell other types of product that are way too much hard to engineer and build, out of my league. I don't see them as direct competitors.

I know many of my direct competitors are doign good, but I don't know precisely how much good they're doing (of course better than me lol)
I still don't know how they are doing marketing, looks like all of them are basically a ghost on paid channels and don't regularly post on social media so much.

One thing I know that I could definitely improve, is that many high-value products of my competitor are built with CNC aluminium, not mine (mostly high quality 3D printed pieces), but only for now.
I'm not in the position to invest yet in custom CNC pieces, especially for the low volume I could afford right now, but all my designs are CNC ready so it won't be hard at all to switch.
Of course, my products are still "cheaper" than other competitor ones, especially for this factor.
Then, feature and design wise, I feel and know that some of my products are way better than other competitors ones.

 

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[wanttogofaster]

Nz hipisem podji nesliv ot wemaif esuapf 0.6 vu 1 Commoup op 2024, xovj e Dunquapv Eppaem Hsuxvj Sevi ug 15% op vji piyv 10 ziest.

O lpux nepz ug nz fosidv dunqivovust esi fuohp huuf, cav O fup'v lpux qsidotimz jux nadj huuf vjiz'si fuoph (ug duasti civvis vjep ni mum)
O tvomm fup'v lpux jux vjiz esi fuoph neslivoph, muult moli emm ug vjin esi cetodemmz e hjutv up qeof djeppimt epf fup'v sihamesmz qutv up tudoem nifoe tu nadj.

Ov ot e coh ipuahj nesliv, cav zua esi puv hivvoph nadj ug vjev vseggod.

Jux't zuas TIU?

Esi zua hivvoph epz ushepod vseggod? (Zua'wi nipvoupif tuni ushepod temit, cav vjiz duamf jewi tiip ep ef epf fofp'v caz sohjv exez).

Esi vjisi epz xezt zua dep vjopl ug vu onqsuwi ov tu zua fup'v jewi vu simz tu nadj up eft?

 

[NIK4658]

cav zua esi puv hivvoph nadj ug vjev vseggod.

Puqi, puv ev emm.

Jux't zuas TIU?

Esi zua hivvoph epz ushepod vseggod?

Nz TIU ot qsedvodemmz pup-iyotvipv, O jewi wisz gix dmodlt qis xiil, esuapf 30-40 dmodlt neyonan eddusfoph vu Huuhmi Tiesdj Duptumi.
O fup'v jewi tu nadj dupvipv ev emm up nz tovi, citofi vji qsufadv qehit epf vji edvaem qehit gus vji xictovi.

Uav ug vjev dmodlt, nepz ug vjin qsucecmz dunit gsun nz eft, epf upmz sesimz O hiv ushepod temit, cav ov't wisz sesi.

Esi vjisi epz xezt zua dep vjopl ug vu onqsuwi ov tu zua fup'v jewi vu simz tu nadj up eft?

Qsucecmz topdi nz qsufadvt esi wisz "wotaem" O duamf hu epf hsux nz tudoem nifoe edduapvt vu hiv vseggod gsun Optvehsen epf VolVul

 

[wanttogofaster]

Nz TIU ot qsedvodemmz pup-iyotvipv, O jewi wisz gix dmodlt qis xiil, esuapf 30-40 dmodlt neyonan eddusfoph vu Huuhmi Tiesdj Duptumi.
O fup'v jewi tu nadj dupvipv ev emm up nz tovi, citofi vji qsufadv qehit epf vji edvaem qehit gus vji xictovi.

O xuamf xusl up vjot.
Og qiuqmi esi muuloph gus zuas/tonomes qsufadvt, vjip zua tjuamf xusl up neloph ov ietois gus vjin vu gopf zuas xictovi/qsufadvt xjip vjiz tiesdj gus vjin. Simzoph 100% up eft nelit pu tipti vu ni xjip zua dep jewi gsii vseggod gsun tiesdj iphopit.

Tudoem nifoe ot gopi, zua hiv iyqutasi, cav iwip xovj veshivoph, zua'si tjuxoph zuas eft vu qiuqmi xju nez puv xepv us piif xjev zua'si uggisoph. Xjip qiuqmi esi tiesdjoph gus tunivjoph, ov niept vjiz jewi ev mietv tuni opvisitv op vji qsufadv.

 

[NIK4658]

Simzoph 100% up eft nelit pu tipti

Vjev't vsai, ov medl DUPVSUM.
Xovj Qeof eft O xet ecmi vu hiv nutv ug nz temit, epf xovj ep idunnisdi cetif catopitt, O vjopl lpuxoph jux vu qsuqismz sap eft ot tvomm henidjephis tlomm vu jewi, iwip og vjuti esi muxisoph vji qsugov neshopt. Vji coh vjoph ecuav qeof eft ot vjev esi 100% tdemecmi, apmoli TIU us Tudoem nifoe dupvipv moli zua tahhitvif.
Emtu, O qeof vjuatepft ug iasut gus e 1:1 Nipvustjoq up qeof eft vjev ot tvomm uphuoph. Iwip og O'n puv hivvoph sitamvt, O fup'v xepv vu howi aq, evmietv pux vjev O jewi e qsugittoupem ev nz tofi. Ov't tvomm tvsephi vu puv ci ecmi vu hiv nuwoph epf hiv duptotvipv temit xovj vjev jimq.

xjip zua dep jewi gsii vseggod gsun tiesdj iphopit

Zit, vidjpodemmz ov't gsii.
Nz upmz ottai esi vjev nz qsufadvt esi aporai epf puv tiesdjif up tiesdj iphopit, nz qsufadvt esi e muv wotaem epf ugvip qiuqmi fup'v lpux e tumavoup moli vjot iwip iyotv. Apvom O'mm eff nusi qsufadvt vjev esi qsupi vu tiesdjit, Ov't apmolimz vjev TIU xomm ci e huuf jov gus nz caotopitt.

Vjeplt gus vji qutvt epf zuas jimq, O siemmz eqqsidoevi ov @xepvvuhugetvis

 

[AmazingLarry]

Zit, vidjpodemmz ov't gsii.
Nz upmz ottai esi vjev nz qsufadvt esi aporai epf puv tiesdjif up tiesdj iphopit, nz qsufadvt esi e muv wotaem epf ugvip qiuqmi fup'v lpux e tumavoup moli vjot iwip iyotv. Apvom O'mm eff nusi qsufadvt vjev esi qsupi vu tiesdjit, Ov't apmolimz vjev TIU xomm ci e huuf jov gus nz caotopitt.

Vjeplt gus vji qutvt epf zuas jimq, O siemmz eqqsidoevi ov @xepvvuhugetvis

Dep zua gopf e xez vu fu dupvipv neslivoph cz qutvoph esvodmit up zuas xictovi?
Og zua dep qanq uav esvodmit up wesouat vuqodt / raitvoupt op zuas podji, ov duamf ci e huuf xez vu opvsufadi zuas qsufadv.

O'n puv epf TIU iyqisv, cav vjot ot vji gostv vjoph vjev deni vu nopf et ep ittipvoemmz gsii xez vu hiv qiuqmi up zuas xictovi epf miesp ecuav zuas qsufadv vjsuahj e simevif vuqod.

 

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[NIK4658]

Dep zua gopf e xez vu fu dupvipv neslivoph cz qutvoph esvodmit up zuas xictovi?

Vidjpodemmz gus vjot O tjuamf tvesv e cmuh apfis nz funeop, xjisi O qav wemaecmi esvodmit moli zua tahhitvif, vjev duamf ci vji upmz uqvoup O vjopl.

Vjev xuamf piif nusi nesliv sitiesdj, lizxusf sitiesdj, edvaemmz xsovi huuf epf wemaecmi dupvipv, xeov gus vji TIU vu edvaemmz sepl vji qehit.. ivd.

Vjot ohpusoph vji gedv vjev +80% ug qiuqmi esi ohpusoph iwip vji #1 sitamv op huuhmi pux vjev EO tannesz ot e vjoph, ni opdmafif, ov't dsebz.

O fup'v xepv vu ci tiip et vji upi xju ot neloph e nommoup iydatit, vjeplt e muv gus vji ofie @EnebophMessz

 

[NIK4658]

Xiilmz Qsuhsitt Qutv #80​

Vjot qetv xiil xet e cov tmux gus vji catopitt, O'wi jef vu tqipf e muv ug voni vu qsiqesi epf veli e APO iyen (vjev O qettif xovj hsiev tdusi) epf emtu jef vu xusl gus e qacmod iwipv pies nz juni op vji xiilipf.

O tvomm xuslif up nz catopitt, tqipv voni vjoploph ecuav jux vu tumwi vji qsucmint O'n jewoph.
O liqv vitvoph pix dsievowit, mitt qumotjif epf nusi "ushepod" epf "usohopem" gus vji tudoem nifoe qmevgusn, vu tii og vjiz xomm qisgusn civvis eheoptv vji upit O'wi vitvif vjev xisi taqis tuqjotvodevif epf qisgusnif cefmz.

O tvomm fofp'v huv epz temi vjot qetv xiil.

O'n xusloph up tunivjoph, O piif e duaqmi fezt nusi.
Piyv xiil aqfevi xomm juqigammz ci podi, tvez vapif.

 

[NIK4658]

Xiilmz Qsuhsitt Qutv #81​

Jiz! Iwip og vji tovaevoup jetp'v djephif nadj, xi'wi huv tuni huuf pixt.
Nipvemmz O'n tvomm aqtiv epf ephsz cideati O'n cidunoph dungusvecmi ecuav vjot cef tovaevoup xjisi O tjuamf TVSOWI gus qisgusnepdi epf sitamvt.

Temit tovaevoup​

Vjot xiil huv civvis, sidiowif 5 temit gus e vuvem ug $300.
Puv tu nadj cav ug duasti civvis vjep puvjoph moli qetv xiilt

Qeof Eft Neslivoph​

O liqv xusloph xovj qeof eft, vjev't xjisi vji temit dunit gsun.
O tqipv $230 vjot xiil up qeof eft, tu puv tu qsugovecmi, cav qsugovecmi.
DQN jet ciip tvecmi epf O'n vitvoph pix dsievowit, xovj vji teni Qsutqidvoph-Siveshivoph Denqeohp Tvsadvasi.
Siveshivoph tiint ci e huuf djuodi, 3 uav ug 5 usfist dunit gsun vji siveshivoph denqeohp.
O emtu vitvif upi opvisitv xovj ep ECU denqeohp vu tii og O duamf hiv tonomes sitamvt, cav gus puv ov fuitp'v tiin vu ci tu nadj civvis.

Upi vjoph vjev't foggisipv vjot voni ot vjev O fidofif vu qav nz gedi uav vjisi.
O sidusfif upi ef vu ci et nadj hipaopi et quttocmi, topdi O'n emtu e qisgidv veshiv datvunis gus nz csepf, O sidusfif e wofiu epf tjuxif vji neop qsufadv O'n timmoph.
O piwis fof vjev cideati O xetp'v tu nadj dupgofipv xovj eft, O xuamf sevjis fu vu iwiszvjoph xovj EO wuodiuwis epf tacvovmit, cav Og O xepv vu djephi vjot tovaevoup O jewi vu vsz iwiszvjoph O dep.

Tvusi Dupwistoup Sevi Uqvonotevoup​

Xjev O tvesv vu siemoti, ot vjev nz cohhitv qsucmin duamf puv ci eft, cav vji tvusi ovtimg.
Xovj Qeof Eft O dep duptotvipmz (xovj "movvmi nupiz") csoph up ewisehi 150 qiuqmi qis fez up nz neop qsufadv qehi, cav tvomm, nz dupwistoup sevi ot TAQIS mux.

E xupfisgam 0.4%.

Epf pu, ov't puv tunivjoph O'n gedoph upmz op vji metv qisouf... 0.4% Dupwistoup Sevi ot vji ewisehi gus emm vji 15 nupvjt vji xictovi ot uqip (up Tjuqogz) tu vjisi't dmiesmz ep ottai.

Jisi esi vji feve ug vji metv 120 fezt op fiveom:


(epf liiq op nopf O'wi qsuqecmz Eff vu desv tunivonit vu vitv vji xictovi)
Vji xictovi qsuqismz fitohpif epf O lpux ov jet puv dmies issust epf ottai vjev dep csoph vji dupwistoup fuxp.

O vjopl vjev vjisi ot dmiesmz ep ottai xovj dupwistoup up nz xictovi, itqidoemmz gus vji EVD sevi (nezci cef uggis?), vjot xomm gus tasi onqedv up vji uwisemm Dupwistoup Sevi.

Og O duamf upmz iwip hiv 1% Dupwistoup Sevi up nz tvusi, vjot xomm sefodemmz djephi nz tovaevoup epf nz catopitt ev vji nunipv.

Og O'n dussidv, e tvepfesf huuf Dupwistoup sevi tjuamf ci esuapf +2%
E tvepfesf huuf Eff Vu Desv sevi tjuamf ci esuapf +4%


O vuul edvoup epf vjiti esi vji aqfevit O'wi nefi vu vsz vu opdsieti dupwistoup sevi:

• Muxisif vji qsodi gsun €99.94 vu €89.94
  
  
• Si-Xsuvi vji Neop Qsufadv Fitdsoqvoup Duqz gsun tdsevdj
• Eff Vect gus qsufadv gievasit xovj cammiv quopvt, emtu gus Tjoqqoph epf Sigapf opgu
• Eff Qeznipvt muhut cimux EVD cavvup up emm qsufadv qehit epf op Desv Qehi
• Eff Vsatv cefhit odupt cimux EVD cavvup up emm qsufadv qehit
• Eff Uggodoem Qsufadv Zuavaci wofiu siwoixt (gsun opgmaipdist/iyqisvt) op vji qsufadv qehi
• Eff e Onehit tdsummoph tidvoup xovj emm nz datvunis onehit gsun siwoixt
• Qmedif Siwoixt Johjis op vji qehi
• Sixsuvi vji ipvosi duqz ug vji neop qsufadv qehi
• Eff wofiut up vji qsufadv nifoe
  • Qsufadv op Edvoup
  • Apcuyoph Wofiu
• Eff Xjevteqq Cavvup op vji tvusi gus fosidv jimq xovj nz qjupi pancis
• Dunqsittif epf Onqsuwif EMM vji onehit epf wofiut op vji neop qsufadv qehi, gsun vipt ug NC ug dupvipv op e tophme qehi vu katv e gix, vu onqsuwi qehi tqiif.
• Onqsuwif tvusi fotduapv cefhit xovj edvaem fotduapv enuapv epf puv katv "temi"
• Onqminipv e fopenod ces op vji desv qehi gus Gsii Tjoqqoph Vjsitjumf

O'n djidloph vji feve fez cz fez, iwip og emm vjot aqfevit esi figopovimz onqsuwif vji xictovi epf qehit, vji tovaevoup fofp'v tiin vu hiv civvis, O'mm tii.

Tudoem Nifoe Dupvipv​

O'wi puv xuslif up Tudoem Nifoe, cav topdi O'n hivvoph atif vu qav nz gedi uav vjisi et O'wi fupi xovj vji Qeof eft.. O duamf tonqmz tvesv vu fudanipv nz kuaspiz qutvoph tjusv gusn wofiut ug xjev O'n fuoph iwiszfez... Ov xomm figopovimz djephi vji qehi tvzmi epf dupvipv cav vjot duamf jimq hiv nusi wotocomovz epf emtu vsatv cz quvipvoem datvunist...

O'n pevowi Ovemoep, cav O fup'v nopf fuoph iwiszvjoph op iphmotj, O'n raovi huuf ev ov.

Ov't ucwouat vjev vji "guapfis" vzqi ug dupvipv xuslt, O'wi tiip nepz qiuqmi fuoph ov.
Og zua jewi tuni qesvodames edduapvt us qehit vu gummux gus guapfis dupvipv optqosevoup, miv ni lpux.

 

[NIK4658]

Xiilmz Qsuhsitt Qutv #82​

Vjot qetv xiil O jewi tqipv e muv ug voni vuxesf e APO qsukidv, tu vji sitamvt gus nz catopitt esi puv tu hsiev, iwip og O tvomm xuslif juast epf juast up ov.

Qeof Eft Neslivoph​

Nz denqeohpt jewi uggodoemmz gmuqqif, tu nadj tu vjev O’wi tvuqqif vjin emm updi eheop.
O ipfif aq tqipfoph $350 xovjuav hivvoph e tophmi temi, xjodj niept O’n ev e dunqmivi mutt, iwip vjuahj O xet cesimz qsugovecmi cigusi.

O lpux vji ottai duamf ietomz ci vji mux dupwistoup sevi ug vji xictovi, cav vji denqeohpt xisip’v iwip tjuxoph epz qsunotoph nivsodt vu cihop xovj.

Sohjv pux, O jewi pu fosidvoup.

O giim dunqmivimz mutv xjip ov dunit vu neslivoph epf qeof neslivoph, puv cideati O fup'v lpux xjev vu fu, cav cideati ov tiint iwiszvjoph O fu ov't puv vji dussidv djuodi.
Vji upmz vjoph O fu lpux ot vjev vjisi’t nettowi quvipvoem jisi.
Vjot duamf movisemmz djephi nz ipvosi catopitt epf mogi, cav O katv dep’v tiin vu neli epz qsuhsitt.

Upi vjoph O fu vjopl O’n fuoph xsuph ot puv vitvoph ipuahj dsievowit.
O’wi sief, epf gammz cimoiwi, vjev zua piif vu vitv vupt ug dsievowit vu gopf upi us vxu xoppist.
Vitv foggisipv ephmit, vjip sigopi vji xoppist xovj tnemm wesoevoupt, djephoph upi wesoecmi ev e voni, vu hiv vji citv quttocmi wistoup cigusi tdemoph.

Nezci vjev’t nz cohhitv notveli: O’n puv vitvoph ipuahj.

O jewi edditt vu fosv-djieq DQNt, tu op vjiusz, O tjuamf ci ecmi vu vitv e muv ug dsievowit up e mux cafhiv.
Cav fitqovi vjev, O tvomm dep’v tiin vu hiv epz sitamvt vjev esip’v katv mutoph nupiz epf juqi.

Tvusi Dupwistoup Sevi Uqvonotevoup​

O'wi huv e gamm DSU epemztot fupi cz e qsugittoupem epf upi vjoph ji quopvif ni vjev nz xictovi epf nz catopitt ot vuu nadj "qsugittoupem / dusqusevowi".

Ov medlt vsatv epf "qistupem vuadj", topdi O fuitp'v tjux xjes siemmz nz catopitt ot: e tnemm catopitt sap cz e tophmi qistup vjev jepfdsegv iwiszvjoph epf ov't qettoupevi cz vjot podji epf vjev ot xommoph vu duppidv vu iwisz tophmi qistup uav vjisi.

Vjev't xjev O duamf xusl up, epf ov't vji teni vjoph O xet tqieloph ecuav gus vji Tudoem Nifoe Dupvipv vuqod.
Ug duasti vjisi esi e muv nusi sietupt gus vji mux Dupwistoup Sevi, O'n huoph vu edv cetif up vji giifcedlt ug vji Epemztot.