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  1. Z

    Step 1: Open a shop. Step 2: Start selling. Where's the catch?

    EXECUTION 
    In EU. I source already existing brand products (though not very well known brands) and re-sell them on Amazon. It is sometimes referred to as the "wholesale business model on Amazon". That is a relatively easy way to start compared to sourcing from China or other far-away countries. Sourcing...
  2. Z

    Step 1: Open a shop. Step 2: Start selling. Where's the catch?

    EXECUTION 
    Hey all, just a brief update, since I am pretty busy: I finally found a manufacturer whose products I can source directly from them and many of them I can sell profitably on Amazon. I just hit EUR 5,000 in sales over the last 30 days. Profit margins are rather small though (about 10%), so my...
  3. Z

    Step 1: Open a shop. Step 2: Start selling. Where's the catch?

    EXECUTION 
    Hi everyone, I have the first few products on Amazon, but they don't sell or not for a worthwhile profit. So currently I am quite a few steps away from making a profit. I spent quite some time learning during summer and was not very active in actually building the business. My current main...
  4. Z

    Step 1: Open a shop. Step 2: Start selling. Where's the catch?

    EXECUTION 
    Hi Walter, thank you for your supporting words! I am totally motivated... just ordered the first products to experiment with. Will keep you posted! Cheers
  5. Z

    Step 1: Open a shop. Step 2: Start selling. Where's the catch?

    EXECUTION 
    Wow, already a whole month passed since I opened this execution thread. Time is running so fast when you hustle every day. Once my business has been formally incorporated, I opened accounts with a few wholesalers and realised that the products I was interested in are very competitive. I could...
  6. Z

    I started my own business!

    EXECUTION 
    Hi Walter, could you send the link to me as well? Thank you! @Walter Hay
  7. Z

    I've Read The Millionaire Fastlane!

    GOLD! HOT! 
    I've read the book two years ago while on vacation. I was running another project without success until recently - now experimenting with an online shop...
  8. Z

    Step 1: Open a shop. Step 2: Start selling. Where's the catch?

    EXECUTION 
    Hi fellow entrepreneurs! As announced in my intro thread I am starting my Progress/Execution thread about my e-commerce business. Took me almost a month and you'll soon know why... This is my very first entrepreneurial endeavour. Since I am still working on my day job, I wanted to try out...
  9. Z

    Does the company name matter?

    Hi all, recently I started to seriously work on launching an ecommerce business and also just started to actively participate in The Fastlane Forum (see my intro). The last few days I am stuck with lots of formalities to register the business. Currently, I am on the outlook for a nice company...
  10. Z

    Finally...

    INTRO 
    Professionally about 2 years now. It was a private interest a couple of years before that... I really like the data driven approach to ecommerce shown in some of the famous posts here on the forum. That aligns well with some of my strengths :-)
  11. Z

    Finally...

    INTRO 
    Hey entrepreneurs! Finally I decided to introduce myself and plan to participate actively in this forum. I read "The Millionaire Fastlane" in October 2017 and joined the forum soon thereafter. Since I had other priorities back than I never started to participate actively and after having read...

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