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Ecommerce | Shopify/Amazon etc.

Discussion in 'Ideas, Needs, Concept Feedback' started by Wiezel, Feb 13, 2019 at 10:16 AM.

  1. Wiezel
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    Wiezel You'll die some day, make the best of it! FASTLANE INSIDER

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    Got the feeling people are choosing this because it's 'fast' money.

    - Is it fast money?
    - Is it following the CENTS methods? I'm not sure about that.
    - Is there a future in it? Or is it making a quick buck and then leaving it?

    I've got no experience in business or what so ever but since I'm a computer nerd and kinda techy and want to give Ecommerce a shot.

    - Using big websites is that a benefit?
    - Or is it better to create your own website from scratch and sell there?
    - Do you do branding or just selling stuff?

    I want to buy an Udemy Shopify course to see how it works but want to know this first.
    Is it worth it in the end?
     
    Last edited: Feb 13, 2019 at 10:52 AM
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  2. JasonR
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    JasonR Maverick Read Millionaire Fastlane FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR Summit Attendee

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    Shopify is just an e-commerce platform - its a tool, nothing more.

    Amazon is a sales channel.

    Amazon has made many people very rich. Amazon is one of the most valuable companies on the planet. It's not going away any time soon. Food for thought.
     
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  3. Jello
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    Jello Bronze Contributor Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER

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    Selling trough Amazon or shopify certainly violates CENTS especially;

    C. Command, since your not in control . I know several sellers who had their accounts closed while making money.
    Ebay closed my account suddenly without any explanation. Luckily I wasn't depending on selling through Ebay anymore at that time.

    E.Entry, the entry is so easy anyone is doing it. Not saying anyone is successful at it.

    However to make some money which you can invest in your fastlane business, Ecommerce on those platforms can help you in the right direction.
     
  4. rwhyan
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    rwhyan Contributor Read Millionaire Fastlane I've Read UNSCRIPTED

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    It doesn't necessarily violate CENTS.

    For Commandment of Control, diversify your channels. Violating Control would be if you sold only on Amazon or only through Shopify. If you have multiple distribution channels then it is not a violation of Control, as MJ mentions in UNSCRIPTED on pg. 242: "Diversification from influence is also a tenet of the Control Commandment."

    It would absolutely violate the Commandment of Entry if you are doing something like buying off Alibaba and reselling, because there is practically no barrier of entry. But if you're manufacturing your own product, that is a high barrier of entry.

    @Wiezel, don't look for money. Provide value. Solve a problem. Ecommerce is just a means of getting that value out to other people. It is a platform. There will always be a future in selling goods online, but that isn't reason enough to get started in ecommerce. What value would you be providing?
     
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  5. Wiezel
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    Wiezel You'll die some day, make the best of it! FASTLANE INSIDER

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    No clue what my value will be.
    Therefore I was wondering what is logical to do, reading this I do not prefer Shopify nor Amazon since your control is not 100%. What about creating your own selling website (via Wordpress) and sell your stuff on there?

    How do I figure out what people need so I can sell that? I would love to have my own online business because I really want to add value, deliver good products and be customer friendly.
     
  6. rwhyan
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    rwhyan Contributor Read Millionaire Fastlane I've Read UNSCRIPTED

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    Don't necessarily discount Amazon and Shopify. The benefit of Amazon is that people on Amazon have strong buying intent and you can expose your product to a massive amount of people. A Shopify site automatically provides the tech/tools to sell on your site, which would be more difficult to do on your own on Wordpress. I'm not going to tell you which channels you should utilize, but consider the benefits/drawbacks of them all and keep in mind that you can diversify your channels (you don't have to choose one platform to sell on).

    But regardless, this shouldn't be your focus.

    There is plenty of material on this forum on how to provide value. Here are a few helpful threads to help you get started:

    Help one person at a time

    https://www.thefastlaneforum.com/community/threads/who-have-you-helped.84241/

    https://www.thefastlaneforum.com/community/threads/the-astonishing-secrets-thread.50097/

    Ideas are everywhere. Notice problems in your life.

    One of my favorite Paul Graham quotes is: "Live in the future. Build what is missing."

    But you don't even need to do that. Who in your life can you help right now? What domain experience do you have? Any problems you can identify there?

    Who can you provide value to today? Start small. Utilize your skills you already have. If you genuinely desire to help others, you'll be more receptive to their problems.
     
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