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- Aug 18, 2019
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Hi all,
Like the title suggest, this is what I will be doing exactly. I will be updating my progress on a weekly basis as a way to keep me on track as well.
There are 2 e-commerce venture that I will pursue.
1 - A site that sources boutique designer products all over the world in a particular niche to mainly sell in the local market. I will be talking to designers, crafters in the niche to purchase at a wholesales price of between 30% - 50% off. The idea is to market it vigorously via FB and Instagram to create the traffic to the website.
I am doing this first as my current amount of capital is limited and the sources I am getting already have decent sales and reviews in their native countries. Simple buy low sell high strategy.
2 - Once I have generated enough profit to act as a capital, I will move on to product manufacturing in the simplest sense. Take what is already available in my niche and make improvements to it and brand it under my own personal brand. This will be sold on an e-commerce website and also on amazon and equivalent in my local country.
There are already 6 products that I have identified that improvements can made to make the product better, only short of looking for suppliers to talk about the cost of the improvement.
This is actually the main business that I want to be in as I believe there are so much improvements that can be made in this niche and I am personally using a lot of the products and I already have plans for the next 5 years.
3 - On the side to hustle for income to cover the monthly expenses, I will be doing food delivery and cargo delivery with my car, looking to cover $1500 per month to break even the expense.
Current Progress
Business 1
6 products sourced and samples ordered. First batch of order will arrive early to mid September.
Immediate 3 Task to do and complete for the week.
1 - Logo Creation
2 - Complete the website using Shopify
3 - Source and procure packaging
Side Hustle
1- Started food delivery with my humble bicycle, Nett $32 today with 3 hours on the road. a$$ hurts.
2 - Applied for Cargo delivery, attending training session on Thursday. Pending confirmation from 2nd company.
Anyone at all, feel free to comment, question and provide your valuable feedback if you have time to read this. I really appreciate your time spent for me. Thank you.
Like the title suggest, this is what I will be doing exactly. I will be updating my progress on a weekly basis as a way to keep me on track as well.
There are 2 e-commerce venture that I will pursue.
1 - A site that sources boutique designer products all over the world in a particular niche to mainly sell in the local market. I will be talking to designers, crafters in the niche to purchase at a wholesales price of between 30% - 50% off. The idea is to market it vigorously via FB and Instagram to create the traffic to the website.
I am doing this first as my current amount of capital is limited and the sources I am getting already have decent sales and reviews in their native countries. Simple buy low sell high strategy.
2 - Once I have generated enough profit to act as a capital, I will move on to product manufacturing in the simplest sense. Take what is already available in my niche and make improvements to it and brand it under my own personal brand. This will be sold on an e-commerce website and also on amazon and equivalent in my local country.
There are already 6 products that I have identified that improvements can made to make the product better, only short of looking for suppliers to talk about the cost of the improvement.
This is actually the main business that I want to be in as I believe there are so much improvements that can be made in this niche and I am personally using a lot of the products and I already have plans for the next 5 years.
3 - On the side to hustle for income to cover the monthly expenses, I will be doing food delivery and cargo delivery with my car, looking to cover $1500 per month to break even the expense.
Current Progress
Business 1
6 products sourced and samples ordered. First batch of order will arrive early to mid September.
Immediate 3 Task to do and complete for the week.
1 - Logo Creation
2 - Complete the website using Shopify
3 - Source and procure packaging
Side Hustle
1- Started food delivery with my humble bicycle, Nett $32 today with 3 hours on the road. a$$ hurts.
2 - Applied for Cargo delivery, attending training session on Thursday. Pending confirmation from 2nd company.
Anyone at all, feel free to comment, question and provide your valuable feedback if you have time to read this. I really appreciate your time spent for me. Thank you.
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