Overthinker
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- Joined
- Jan 12, 2022
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Hello guys, I cut this short
Hopefully will get someone who is doing better than me to reply and give their honest opinion on what should I do
Currently 26 years old, have over 50k+ in liquid cash from different online businesses/side hustles/freelancing
I started a women's hair care brand 3 months ago in my own country
Only marketing on TikTok via organic posting I managed to hit over $20k+ in total sales and got a good amount of customers
The product is excellent since it has a repeat customer purchase rate of well over 30% and it is a consumable product
At the same time, I started getting offers from other businesses to do their TikTok marketing for their brands
Got 2 clients who pay me $1,000+ per month every month
On the side also started a youtube channel teaching e-commerce / TikTok marketing and the channel started generating some AdSense income and affiliate marketing income
The thing is now, should I heavily focus on one thing out of these or should I view all of these things as one thing and do it all together
Obviously, they have their own pros and cons, I am in the phase where cashflow and generating liquid net worth is the most important thing for me
So growing an e-commerce brand would not bring me a lot of cashflow upfront, because organic TikTok is fading out and I am forced to start running paid ads and developing new products to keep this thing growing
On the other hand, just focusing on services and offering them at scale to ecom brands, would bring me a lot more cash flow and I won't need to sell to thousands of customers to make 5+ figures per month. (All I will need from this point is to get another 5-8 clients)
Youtube is also highly scalable since it is media and there is no customer fulfillment side of things
Honestly, I am just overwhelmed and I can't think clearly, hopefully, someone more experienced can help me out with this, maybe a person who was in my shoes before.
Also been in this forum for good amount of time now, and this is my first post
Hopefully will get someone who is doing better than me to reply and give their honest opinion on what should I do
Currently 26 years old, have over 50k+ in liquid cash from different online businesses/side hustles/freelancing
I started a women's hair care brand 3 months ago in my own country
Only marketing on TikTok via organic posting I managed to hit over $20k+ in total sales and got a good amount of customers
The product is excellent since it has a repeat customer purchase rate of well over 30% and it is a consumable product
At the same time, I started getting offers from other businesses to do their TikTok marketing for their brands
Got 2 clients who pay me $1,000+ per month every month
On the side also started a youtube channel teaching e-commerce / TikTok marketing and the channel started generating some AdSense income and affiliate marketing income
The thing is now, should I heavily focus on one thing out of these or should I view all of these things as one thing and do it all together
Obviously, they have their own pros and cons, I am in the phase where cashflow and generating liquid net worth is the most important thing for me
So growing an e-commerce brand would not bring me a lot of cashflow upfront, because organic TikTok is fading out and I am forced to start running paid ads and developing new products to keep this thing growing
On the other hand, just focusing on services and offering them at scale to ecom brands, would bring me a lot more cash flow and I won't need to sell to thousands of customers to make 5+ figures per month. (All I will need from this point is to get another 5-8 clients)
Youtube is also highly scalable since it is media and there is no customer fulfillment side of things
Honestly, I am just overwhelmed and I can't think clearly, hopefully, someone more experienced can help me out with this, maybe a person who was in my shoes before.
Also been in this forum for good amount of time now, and this is my first post
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