Hello everyone,
I have known that I want to become an entrepreneur since my high school. Because of knowing that education which is provided by schooling system isn’t enough, I have been reading a lot of books and obtaining experiences in my early attempts with business.
Today I am a student of 4th year on university and I had been pursuing few businesses. All failed in the end. Despite of the fact that we made some money, nothing of our projects was sustainable and scalable so we ended all of them.
My last project I have been working working on is scalable and in my opinion also sustainable. Finally damn opportunity to escape 9-5. But we are in trouble now, because our business seems to not function. We have sold no products. So here I am to discuss it with you guys – more experienced entrepreneurs whose are pursuing the same dream as me.
I would like to ask you for your help in deciding wheter to continue in pursuing my current business or to start looking for another opportunity.
To introduce my project - we are trying to start up our own branded-dropshipping brand in the beauty niche. We founded our brand „Smooth It Up“, built up our Instagram and website and even our affiliate program for influencers and also to convert our clients into affiliates. I know that our business wasn’t based on demand – we wanted to create it via facebook marketing and its the reason that we teamed up with another friend of mine who is experienced in marketing. We created advertising video and launched facebook marketing campaing. I know that we spent few money (about USD 150) and generated some traffic to our website (in sum about 400 sessions with average 86% bounce rate) and we have not sold anything.
We are trying to figure out what is the problem in our situations and wheter we should try to fix it. Here is my list of possible issues:
Now we are going to have a meeting to discuss what we are supposed to do next. I strongly think that our marketing dude will want to leave our business if we decide to continue and pursue it further.
What do you think about this situation and this business, please? I will be grateful for any recommendations. Looking forward to your replies. Thank you!
I have known that I want to become an entrepreneur since my high school. Because of knowing that education which is provided by schooling system isn’t enough, I have been reading a lot of books and obtaining experiences in my early attempts with business.
Today I am a student of 4th year on university and I had been pursuing few businesses. All failed in the end. Despite of the fact that we made some money, nothing of our projects was sustainable and scalable so we ended all of them.
My last project I have been working working on is scalable and in my opinion also sustainable. Finally damn opportunity to escape 9-5. But we are in trouble now, because our business seems to not function. We have sold no products. So here I am to discuss it with you guys – more experienced entrepreneurs whose are pursuing the same dream as me.
I would like to ask you for your help in deciding wheter to continue in pursuing my current business or to start looking for another opportunity.
To introduce my project - we are trying to start up our own branded-dropshipping brand in the beauty niche. We founded our brand „Smooth It Up“, built up our Instagram and website and even our affiliate program for influencers and also to convert our clients into affiliates. I know that our business wasn’t based on demand – we wanted to create it via facebook marketing and its the reason that we teamed up with another friend of mine who is experienced in marketing. We created advertising video and launched facebook marketing campaing. I know that we spent few money (about USD 150) and generated some traffic to our website (in sum about 400 sessions with average 86% bounce rate) and we have not sold anything.
We are trying to figure out what is the problem in our situations and wheter we should try to fix it. Here is my list of possible issues:
- Completely wrong niche
- Wrong product
- Not good web presentation, language mistakes (I’m not native speaker as u can see and our target market is US)
- Price issues (either high or low price)
- Marketing issues (maybe my mate who is doing marketing is not skilled enough)
- ....
Now we are going to have a meeting to discuss what we are supposed to do next. I strongly think that our marketing dude will want to leave our business if we decide to continue and pursue it further.
What do you think about this situation and this business, please? I will be grateful for any recommendations. Looking forward to your replies. Thank you!
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