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I really hope you guys can help me with this. I'm so stuck in my current business that I really can't figure out what to do next. Actually, not being able to figure out the next steps burned me out back in April. I'm almost better now and I want to make a final decision on this business.
I'll give you some background first...Last year I started a supplement business. I got the idea because I'm suffering from an autoimmune disease so I try every natural supplement known to man kind. This is when I stumbled upon an idea.
So I started selling using Facebook Ads and gained traction. To date I have sold around €25.000 worth of product. In the beginning with the FB ads turned on I used to sell a lot. These days I'm selling around €150 a month. Note that this is just in The Netherlands. I tried selling abroad but that didn't work out for me.
With sales decreasing I thought I should add another product. Which I did. It was selling but sales were not even close to what I sold with the first product. I had no idea what to do next and started doing market research. And then some more and more until I got completely burned out.
A month ago I decided to pull the trigger and quit the business. I didn't purchase any new ingredients to create the blend. Now that I'm out of stock, I'm receiving emails from customers inquiring when we will be back in stock. When I ask how our product is helping them they mention they feel a lot better using my product. Which puts me right back in doubt mode.
I have no idea if want to continue pursuing this business. I don't know how to grow, what other products to add, what new angles to try and whether I have enough passion for the market. But I do like the fact that I'm helping people with their health issues. My market is usually an older generation, which is usually also more into popping pills.
Based on the above, do you think it's time to move on? What do you suggest? This is my 5th attempt at business so I'm not afraid to call it a failure.
I'll give you some background first...Last year I started a supplement business. I got the idea because I'm suffering from an autoimmune disease so I try every natural supplement known to man kind. This is when I stumbled upon an idea.
So I started selling using Facebook Ads and gained traction. To date I have sold around €25.000 worth of product. In the beginning with the FB ads turned on I used to sell a lot. These days I'm selling around €150 a month. Note that this is just in The Netherlands. I tried selling abroad but that didn't work out for me.
With sales decreasing I thought I should add another product. Which I did. It was selling but sales were not even close to what I sold with the first product. I had no idea what to do next and started doing market research. And then some more and more until I got completely burned out.
A month ago I decided to pull the trigger and quit the business. I didn't purchase any new ingredients to create the blend. Now that I'm out of stock, I'm receiving emails from customers inquiring when we will be back in stock. When I ask how our product is helping them they mention they feel a lot better using my product. Which puts me right back in doubt mode.
I have no idea if want to continue pursuing this business. I don't know how to grow, what other products to add, what new angles to try and whether I have enough passion for the market. But I do like the fact that I'm helping people with their health issues. My market is usually an older generation, which is usually also more into popping pills.
Based on the above, do you think it's time to move on? What do you suggest? This is my 5th attempt at business so I'm not afraid to call it a failure.
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