I'm a little frustrated sitting behind the keyboard here because I want to express something that may or may not come across as me being a super dick but I don't mean to be mean.
So bear with me for a second:
At the beginning of all of our entrepreneurial dreams we think "man if I could only make 1,000 extra... 2,000 extra... 10,000 extra... per month..."
Those numbers are so small it's NOT what you think it is.
Let's say you start an e-Commerce business that's earning $2,000 per month.
Multiply that by 12 months... that's $24,000 per year.
(as a side note... if you were working 40 hours per week for 50 weeks out of the year, $24k = $12/hr)
But it's not 24,000 profit. Let's call the average profit margin for beginning e-Commerce stores is 25% (probably reasonable considering small order sizes, distribution channels, etc.)
That means you're netting $6,000 per year.
But $2k per month is not just reasonable... you could trip and fall into it and do that.
Think about it: $2,000 per month is only 100 widgets @ $20 each.
Or 20 gizmos at $100... or 10 gizmos at $100 and 50 widgets @ $20...
You could literally find anything that costs $100... throw it up on amazon with some decent keyword research (and some real effort) and walk away with your $6k per year.
My guess is that's not your goal
The people on this forum who have massively successful e-commerce businesses are shooting for well over $1 million per year in sales. And if that profit margin holds up -- they are taking home $250k in profit.
And even that is extremely reasonable.
So here's my message: stop thinking so small. Go in and do the math. Figure out what you really want and reverse engineer.
The mentality of "2k or 3k per month" is never going to get you 2k or 3k per month... does that make any sense??
So bear with me for a second:
At the beginning of all of our entrepreneurial dreams we think "man if I could only make 1,000 extra... 2,000 extra... 10,000 extra... per month..."
Those numbers are so small it's NOT what you think it is.
Let's say you start an e-Commerce business that's earning $2,000 per month.
Multiply that by 12 months... that's $24,000 per year.
(as a side note... if you were working 40 hours per week for 50 weeks out of the year, $24k = $12/hr)
But it's not 24,000 profit. Let's call the average profit margin for beginning e-Commerce stores is 25% (probably reasonable considering small order sizes, distribution channels, etc.)
That means you're netting $6,000 per year.
But $2k per month is not just reasonable... you could trip and fall into it and do that.
Think about it: $2,000 per month is only 100 widgets @ $20 each.
Or 20 gizmos at $100... or 10 gizmos at $100 and 50 widgets @ $20...
You could literally find anything that costs $100... throw it up on amazon with some decent keyword research (and some real effort) and walk away with your $6k per year.
My guess is that's not your goal
The people on this forum who have massively successful e-commerce businesses are shooting for well over $1 million per year in sales. And if that profit margin holds up -- they are taking home $250k in profit.
And even that is extremely reasonable.
So here's my message: stop thinking so small. Go in and do the math. Figure out what you really want and reverse engineer.
The mentality of "2k or 3k per month" is never going to get you 2k or 3k per month... does that make any sense??