The Good
- A like minded friend and myself have combined resources to start flipping products on Ebay with a starter store.
- While we have been visiting thrift stores and clearance sections, our goal is to buy pallets of liquidated assets and sell the items individually.
- We have a pretty distinct advantage out the gate: my friends neighbor owns some land with a completely unused stable and garage. And he's given us the go ahead to use it as we see fit. Eat your heart out Jeff Bezos!
- The both of us are pretty skilled at repairing electronics, and we're currently looking into refurbishing products too.
The Bad
- Our current method to finding what sells is just buying whatever anyone thinks will sell. And waiting. (We really just started about a month and a half ago, no real traction to sales.)
- I personally would have preferred to sell from our own website. But it seemed much more practical to go with a big platform like Ebay or Amazon. My friend mentioned interest in an FBA. Though I haven't had much experience with selling on Amazon myself.
- I'm kinda wearing a lot of hats. Handling the accounting, shipping, marketing etc. It's a bit overwhelming but it thankfully hasn't gotten to a point that I can't handle.
The Ugly
- I lost my job in September. And I was looking to make a change into a new career. In Web Dev or IT most likely (the goal was to get certifications and projects under my belt to showcase my skills). I have money saved for expenses and other assets I'm holding onto in the meantime.
- My friend has an fuel inefficient junker for a car, and an off kilter work schedule.
What would you do to find trends in the market now? Would you buy in bulk or dropship? Ebay or self-hosted website?
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Access Restricted: Unlock 1,000,000+ Posts
Stop Peeking Through the Keyhole.
Open the Door.
You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.
- Active Daily: Life-changing content posted dozens of times every day. No dead threads.
- MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
- Vetted Network: Connect with founders scaling to 7 and 8 figures.
- Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."— User Richard Peck
"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?
