Depending on the product I will try to source it locally for sure. But from what I have seen on Amazon a lot of people will go for the cheap stuff. So this would be a big gamble in my opinion as I would again have to ask for a higher price. But it really depends on the product.
The main criteria is as follows:
1. I have to be able to add real value (Not just list the same product in a different color)
2. The profit has to be 10€ / sale (This leaves more room for PPC)
3. The niche cannot be too crowded.
Point No. 1 is the most important and I will spend as much...
Your question is not stupid at all!
If I am not able to find a product which fullfills the criteria I will not do it.
If I can't add any value offering the product I won't source it.
I think it would be stupid not to put what I learned into action. If I fail again I will move on.
I thought exactly the same thing when first challenges came up. The big problem is that it is not only not profitable, but I am operating at a loss. So i have no money to reinvest which makes it impossible to grow the business. I've been selling this product for half a year now and the market is...
I think it's time to update this thread as I haven't posted in a while.
To get right to it: My product failed!
I wasn't able to make it profitable.
These are the main mistakes I made:
Didn't spend enough time looking for suppliers and sourced the product too expensive
I thought this...
I think you should make the caloric deficit your number one priority. Because this is what actually makes you loose weight. The other things just help create that caloric deficit. They are tools in the toolkit. Tracking calories weighing your food might be a pain in the a$$ at the beginning. But...