Nayan Naik
Contributor
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- Mar 10, 2016
- 31
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Hello Everyone ,
I will be documenting my ecommerce startup will be sharing my daily updates here . Quich background on myself , I have been working in the corporate industry for around 5 years , and have always wanted to start something of my own. I have had many of my personel projects ranging from a creating a programming platform for developers to blogging about hair fashion , but they did not do well .
MJ's book provided me the much needed insight to adjust my mindset and get my act together. I have started my eCommerce business and have created this thread so I can document my journey , Share progress,share process and learn new things .
My eCommerce is in the competitive electronic space . There are serious big players in the niche and our plan is to capture as much market share as we possibly can. my GF works along with me
partime as well , she is a partner in the business . I feel my products will add value to the current market and I am hoping the market feels the same ...
My progress so far:
-Currently sell on Shopclues (a marketplace similar to amazon in India)
-Private labelled 1 product
-This products ranks no1 on shopclues for its sub category (have been assigned a best seller batch)
-Been in business for 2 monthsa
-Current Revenue : Rs 10,000 per month ( ~140$ )
-Have a rough version of the website ready , not completely functional
-Have setup a automateted marketing campaign backend process ready for the website .
-Registration not complete for amazon india , as they require documentation
-Have registered my company .
-Have shortlisted supplier
Goals Tracking :
Plans Ahead for 2016Q3:
-Plan to add two more products (30% complete)
-Get registered on amazon and 3 other popular marketplaces (0%)
-Focus on amazon and try to to break through the top3 pages for all my products (0%)
-Complete the website and complete the marketing automation process (60%)
- get to atleast Rs 100,000 per month revenue (~ $1,500) - (10%)
- get financial freedom for my GF from her slowlane job ,so she can give her full attention to the business (0%)
-get a dropshipper to epxand my product line without too much costs (0%)
-Get a brand setup (10%)
Long Term Plan
-Be the best charging brand in india, which people love
-Become the top sellers on amazon for our product categories
-Achieve true financial freedom and use time to do things that really matter.
-marry my GF and travel the world with my family
I will be documenting my ecommerce startup will be sharing my daily updates here . Quich background on myself , I have been working in the corporate industry for around 5 years , and have always wanted to start something of my own. I have had many of my personel projects ranging from a creating a programming platform for developers to blogging about hair fashion , but they did not do well .
MJ's book provided me the much needed insight to adjust my mindset and get my act together. I have started my eCommerce business and have created this thread so I can document my journey , Share progress,share process and learn new things .
My eCommerce is in the competitive electronic space . There are serious big players in the niche and our plan is to capture as much market share as we possibly can. my GF works along with me
partime as well , she is a partner in the business . I feel my products will add value to the current market and I am hoping the market feels the same ...
My progress so far:
-Currently sell on Shopclues (a marketplace similar to amazon in India)
-Private labelled 1 product
-This products ranks no1 on shopclues for its sub category (have been assigned a best seller batch)
-Been in business for 2 monthsa
-Current Revenue : Rs 10,000 per month ( ~140$ )
-Have a rough version of the website ready , not completely functional
-Have setup a automateted marketing campaign backend process ready for the website .
-Registration not complete for amazon india , as they require documentation
-Have registered my company .
-Have shortlisted supplier
Goals Tracking :
Plans Ahead for 2016Q3:
-Plan to add two more products (30% complete)
-Get registered on amazon and 3 other popular marketplaces (0%)
-Focus on amazon and try to to break through the top3 pages for all my products (0%)
-Complete the website and complete the marketing automation process (60%)
- get to atleast Rs 100,000 per month revenue (~ $1,500) - (10%)
- get financial freedom for my GF from her slowlane job ,so she can give her full attention to the business (0%)
-get a dropshipper to epxand my product line without too much costs (0%)
-Get a brand setup (10%)
Long Term Plan
-Be the best charging brand in india, which people love
-Become the top sellers on amazon for our product categories
-Achieve true financial freedom and use time to do things that really matter.
-marry my GF and travel the world with my family
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Last edited: