This is my first time posting in this forum I discovered @MJ DeMarco a month or so ago and began reading Fastlane millionaire and I've been on my pursuit of living life on my own terms since then.
A little about me :
I'm 21 years old and from the Uk and have already started 2 businesses (both failed). At 17 I started a clothing brand which failed due to my poor business model, (I held no stock) I was ordering the items from my manufacturer (in China) once the customers ordered from the site and then packaging and shipping the items to the customer . Then covid hit and I could no longer sell clothing in this way due to HIGH shipping fees. The 2nd business was a clothing business (yet again) it was meant to be a store where people could shop from faith-based brands but this also failed as even though I did conduct surveys to see if there was a market once I set everything up, I got no sells and barely any visits to the store - so I gave that up.
Now I've come up with a new idea a subscription-based herbal tea brand that combats common menstrual issues: e.g. headaches, fatigue, cramps, nausea etc . ( I would like to get into the retailers and not only be e-commerce )
I have already done the grademybuisnessidea test I got a score of: 84.9 ( you can check my results out)
www.grademybusinessidea.com
Some things I already know are: ( I know this from hanging in women's forums )
- many women drink tea, daily for stress relief and as a healthier alternative to juice
- many women suffer from particular issues during their cycle
- many women dislike having to take over counter-pain relief for their cramps/headaches
My presumptions are :
- I will be able to find/ curate herbal tea combinations to help with said issues
- I will be able to find an organic herbs manufacturer to help with creating the teas
- women would be open to paying for teas on a subscription-based model
- I can make my tea brand different enough to stand out in an incredibly crowded market without having to sacrifice my profit margins.
I'm not quite sure what my next steps should be and would really like a gentle nudge in the right direction.
I am just considering ordering some herbs and creating herbal tea mixes and giving them out to women around me to see what they think in terms of taste and how it makes them feel and then going off from there depending on their feedback to begin setting up, branding, name, packaging etc.
But I'm really not sure.
Any input would be extremely valuable , thanks in advance.
Sarah
A little about me :
I'm 21 years old and from the Uk and have already started 2 businesses (both failed). At 17 I started a clothing brand which failed due to my poor business model, (I held no stock) I was ordering the items from my manufacturer (in China) once the customers ordered from the site and then packaging and shipping the items to the customer . Then covid hit and I could no longer sell clothing in this way due to HIGH shipping fees. The 2nd business was a clothing business (yet again) it was meant to be a store where people could shop from faith-based brands but this also failed as even though I did conduct surveys to see if there was a market once I set everything up, I got no sells and barely any visits to the store - so I gave that up.
Now I've come up with a new idea a subscription-based herbal tea brand that combats common menstrual issues: e.g. headaches, fatigue, cramps, nausea etc . ( I would like to get into the retailers and not only be e-commerce )
I have already done the grademybuisnessidea test I got a score of: 84.9 ( you can check my results out)
GradeMyBusinessIdea.com: eccomerce herbal tea brand (Results)
Grade My Business Idea: Rate your business idea and discover its potential for massive marketplace success. Is your business idea worth pursuing? Or should it be forgotten? Based on the CENTS Framework authored by entrepreneur and best selling author, MJ DeMarco.
Some things I already know are: ( I know this from hanging in women's forums )
- many women drink tea, daily for stress relief and as a healthier alternative to juice
- many women suffer from particular issues during their cycle
- many women dislike having to take over counter-pain relief for their cramps/headaches
My presumptions are :
- I will be able to find/ curate herbal tea combinations to help with said issues
- I will be able to find an organic herbs manufacturer to help with creating the teas
- women would be open to paying for teas on a subscription-based model
- I can make my tea brand different enough to stand out in an incredibly crowded market without having to sacrifice my profit margins.
I'm not quite sure what my next steps should be and would really like a gentle nudge in the right direction.
I am just considering ordering some herbs and creating herbal tea mixes and giving them out to women around me to see what they think in terms of taste and how it makes them feel and then going off from there depending on their feedback to begin setting up, branding, name, packaging etc.
But I'm really not sure.
Any input would be extremely valuable , thanks in advance.
Sarah
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