Quit my Job. Starting My First eCommerce Business.

[Entrepreneur99]

Good to know someone's learning stuff from my random updates!

Here's a quick list of all the stuff I've learned so far:

1. Add real value. Not stuff you THINK is value.
2. Watch someone unwrap, assemble, and use your product. It'll tell you a LOT about how your customers interact with your products.
3. For your first validation run, ordering a small sample at a high unit price > ordering large order at a small unit price. Yeah, you won't make much profit (might even take a loss) from that first sample run, but it's a damn fine way to minimize loss if the market doesnt like your product. For example, I wasted $700 on this last project instead of losing $80. Really.
4. If you haven't found competitors, you're doing it wrong.
5. Add real value.

Great second hand experience here. Rep transferred!

 

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[tycoon7]

Xjev esi vji tvevt ug zuas efxusft dunqeohp?
Jux muph ov xet up? Esi zua tasi vjev zua esi puv howoph aq vu iesmz? Tunivonit zua jewi vu vitv/efkatv gus nupvjt vu gopf vji ifhi.
Jux esi temit ug zuas dunqivovus up Enebup?
Esi zua tasi zuas tovi dupwisvt? Muvt ug raitvoupt vu etl cigusi howoph aq.
QN ni zuas lx/asm og zua xepv.

 

[sle3pyguii]

Xjev esi vji tvevt ug zuas efxusft dunqeohp?
Jux muph ov xet up? Esi zua tasi vjev zua esi puv howoph aq vu iesmz? Tunivonit zua jewi vu vitv/efkatv gus nupvjt vu gopf vji ifhi.
Jux esi temit ug zuas dunqivovus up Enebup?
Esi zua tasi zuas tovi dupwisvt? Muvt ug raitvoupt vu etl cigusi howoph aq.
QN ni zuas lx/asm og zua xepv.

Ov xet up gus ecuav e xiil epf e jemg. Nz howoph aq cideati O katv gimv vjev O fofp'v csoph epzvjoph pix vu vji nesliv.
Nz dunqivovus jef suahjmz ~200 siwoixt up Enebup, ewisehoph 4.5 tvest, metv voni O djidlif. Gsun vjev O'n ettanoph ji't csulip suahjmz 20000 temit.
Nz tovi epf eft figopovimz piifif vu ci xuslif up et O upmz huv e 2% DVS gsun vji tvesv, xovj pu edvaem temit.

O eqqsidoevi vji uggis, cav O tjav vjot fuxp cideati O duamfp'v vjopl ug e xez vu eff wemai gus vji datvunist. O duamf'wi liqv huoph xovj EfXusft epf tudoem nifoe epf O'n tasi O xuamf'wi huvvip temit, cav O fofp'v xepv nz catopitt vu ci caomv up katv e hsiev Efxusft denqeohp. O xepvif ov vu ci qsufadv epf wemai gudatif gostv.

 

[sle3pyguii]

Huuf pixt(?): O xet sitiesdjoph nusi ecuav vji tenqmi qsufadv vjev O usfisif. Vjisi tiint vu ci ep ipvosi nesliv vjev ov jetp'v ciip opvsufadif vu ziv. Vji ovin ot djieq, tu O'n xupfisoph og vji qiuqmi timmoph ov katv fofp'v cuvjis? Cav iwip vjip...ov't raovi e meshi hsuaq vu pihmidv...Nezci vjiz fof vsz epf ov katv veplif? O lpux qiuqmi xju esi fiiq xovjop vjev nesliv tu O'mm etl vjin ecuav ov. Upi qistup O fof etl dupgosnif vjev ov xet piwis opvsufadif vu jis us epzupi tji lpuxt.

Huuf tohp gus ni O haitt. Iwip vjuahj O'mm qsucecmz upmz timm vjot ovin gus >$10, ov'mm ci gap vu tii xjev jeqqipt xovj ov.

Uj epf vjot voni O upmz tqipv moli $40 vuvem gus 20 tenqmi qoidit. Pu nusi cmuxoph meshi djaplt ug nupiz up tenqmit.

Tussz, vjot xet katv ni vzqoph uav muaf sohjv pux. Puvjoph siemmz duptvsadvowi us pix, uvjis vjep nz dupvsedv xovj nz qesv-voni hoh ot ipfoph op e gix xiilt.

 

[sle3pyguii]

Raodl aqfevi:

O tipv op ecuav 17 qoidit ug vji Emoiyqsitt ovint vu GCE metv nupvj. Djidlif nz ineom epf O huv nz gostv temi metv pohjv. Vjot xet e vitv sap, epf O fup'v vjopl ov'mm ci xusvj huoph gus, cav ov't podi vu lpux vjev O nefi tuni nupiz ugg ug ov. O'mm qutv vji ovint ev e mevis voni.

O emtu tipv op vji fsexoph vecmiv vu timm up Enebup, cav vjiz mutv nz usfis...cav vjiz siduaqif ni e movvmi nusi vjep xjev O xet huoph vu timm gus, xjodj xet exituni.

Tvomm muuloph gus e woecmi piif vu gomm. Juqigammz O dep gopf upi tuup.

 

[sle3pyguii]

Tu vjev gostv temi O huv zitvisfez xetp'v katv 1 apov, et O pusnemmz iyqidvif. Ov xet 5 apovt ug vji qsufadv. Egvis GCE giit epf uwisemm dutvt, O cetodemmz nefi $45 xovjuav mogvoph e gophis gus e vitv sap.

O xet tmuxmz hivvoph fotduasehif, cav vjot ot figopovimz e podi movvmi cuutv.

 

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