I hate being the party pooper who douses everyone at the party with cold, icy water after they've had 5 glasses of tequila and 6 bottles of cheap beer, but the reality is the vast majority of people who are successful in eCommerce does at least one of the following:
1) Sells an exclusive product (in other words, acts like some kind of exclusive online distributorship/wholesaler for the manufacturer)
2) Sells a very expensive/niche B2B product that involves a lot of haggling, sales, phone calls, etc.
3) Latches onto a trend like 10 ton opposing magnets, thus earning 40% margins over a short period of time, before moving onto "the next big hottest thing"
Then there's a bonus/secret option:
4) Be Amazon and use analytics to steal the best profit margin products from your downstream sellers and label the product as your own brand (if you're posting on this forum, 99.999% this door will remain closed for you)
That is it. These are your options. The idea you are going to make $250K+ per year in cash flow with something resembling "passive" income (min. requirement for my standards to be considered a legitimate CENTS business) in eCommerce without applying one of the following is so ludicrous you'd more likely die from being crushed by a flying piano.
1) Sells an exclusive product (in other words, acts like some kind of exclusive online distributorship/wholesaler for the manufacturer)
2) Sells a very expensive/niche B2B product that involves a lot of haggling, sales, phone calls, etc.
3) Latches onto a trend like 10 ton opposing magnets, thus earning 40% margins over a short period of time, before moving onto "the next big hottest thing"
Then there's a bonus/secret option:
4) Be Amazon and use analytics to steal the best profit margin products from your downstream sellers and label the product as your own brand (if you're posting on this forum, 99.999% this door will remain closed for you)
That is it. These are your options. The idea you are going to make $250K+ per year in cash flow with something resembling "passive" income (min. requirement for my standards to be considered a legitimate CENTS business) in eCommerce without applying one of the following is so ludicrous you'd more likely die from being crushed by a flying piano.
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