I have a product that I am currently designing, and I'm stuck when it comes to a long term business strategy. I'm sorry I can't publish what the exact idea is here, because frankly, it has a low barrier to entry.
Nevertheless, I think it's worthwhile and I'm very close to actually moving forward with this, intentionally avoiding selling it during this holiday season so that I have time to stock up for next year.
I was just wondering, if anyone else has ever faced a problem where they need to assemble an item themselves, and then were able to move past that stage? I can only work so fast by myself, maybe make $100-$200 in profit per hour max if I purchase enough equipment. I figure within a year or two there will be a lot of imitations out there, so I have to get in and out fast.
This post makes it obvious that I'm pretty confused, and it's harder because I can't say exactly what I'm doing. The product might sell for about $40 with $20 profit and I can make maybe 5-10 per hour. But I don't feel like it's a perpetual business as it will be very easy to copy. Has anyone else conquered this sort of dilemma?
Nevertheless, I think it's worthwhile and I'm very close to actually moving forward with this, intentionally avoiding selling it during this holiday season so that I have time to stock up for next year.
I was just wondering, if anyone else has ever faced a problem where they need to assemble an item themselves, and then were able to move past that stage? I can only work so fast by myself, maybe make $100-$200 in profit per hour max if I purchase enough equipment. I figure within a year or two there will be a lot of imitations out there, so I have to get in and out fast.
This post makes it obvious that I'm pretty confused, and it's harder because I can't say exactly what I'm doing. The product might sell for about $40 with $20 profit and I can make maybe 5-10 per hour. But I don't feel like it's a perpetual business as it will be very easy to copy. Has anyone else conquered this sort of dilemma?
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