MitchC
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1. Unless you drop ship it takes a lot of cash. It’s a treadmill where you are constantly looking for new customers, new ads, new products. You’ll run out of stock a lot when starting. You can also F*ck up and get stuck with a heap of stock. Some people are better at it than others but it’s more art than science, no company is getting their stock amounts perfect.
2. It’s fairly passive but as above is also a treadmill. Ads die, especially at scale.
3. Depends how much work you want to do and what employees and systems you have. If you outsource fulfilment the only thing you really need is ads. To scale ad accounts you need new creative. If you have the stream of creative running then the scale is fairly unlimited. You’ll likely run out of cash to scale rather than need to hire someone to scale.
4. Don’t quit your job, takes money and time, everything is slow when you are doing physical products. Try to pick something people will reorder so you aren’t constantly looking for new customers like I am. I wish I went higher ticket too.
2. It’s fairly passive but as above is also a treadmill. Ads die, especially at scale.
3. Depends how much work you want to do and what employees and systems you have. If you outsource fulfilment the only thing you really need is ads. To scale ad accounts you need new creative. If you have the stream of creative running then the scale is fairly unlimited. You’ll likely run out of cash to scale rather than need to hire someone to scale.
4. Don’t quit your job, takes money and time, everything is slow when you are doing physical products. Try to pick something people will reorder so you aren’t constantly looking for new customers like I am. I wish I went higher ticket too.