What would you do?

[Jamie Corcoran]

Hey guys and gals (and non specified)
I am kind of stuck on a decision on which path to go down. I have two different business opportunities that I can pursue, they’re both potentially very profitable and they’re both fastlaneable. They both have their pros and cons.

So firstly, I’ve been doing ecom for years now, mainly print on demand with social media advertising, I did this really successfully for years but nowadays it’s a real struggle as the barrier to entry is non existent and Facebook ads are not as profitable as they used to be. This lead me on a path of months of research looking into a different model of ecom - namely high ticket dropshipping, where you source native suppliers through building relationships etc…
I’ve bought courses on the topic and thoroughly researched this for months now and I feel with the proper application I can make this work.
The pros - highly profitable, pretty much hands off once systems are in place, scalable, location independent, high enough barrier to entry as you need to set up a proper business and work with established brands and suppliers, you’re building a sellable asset, and I’m sure there’s many more.
The cons - like most online ventures, expectation can often differ from reality, example - it might be that only a small % of people who try this with full effort see real success, there is a learning curve to get good at it (like most ventures I guess), and many more I expect. The point here is to compare these two opportunities and I’m sure people know enough about it to make a judgement!

Second opportunity (and what I’m currently doing)
I’ve also been in construction all my adult life (41 years old now) barring a 3 year spell when I went full time ecom.
I have recently partnered with a guy who does sales for conservatories, for those who don’t know, conservatories are a really popular building with seniors here in the UK (some people - including me, thought they were dying out and were dwindling in popularity but I’m telling you from the evidence I’m seeing from the enquiries, orders, sales and projects completed, they are still hugely popular), they’re partial glass structures that are built onto people’s homes for extra space, but they are great to build as they don’t require all the red tape and regulation that normal buildings require. This makes them quick and easy to build and they still command a big price.
The pros for this are - it’s scalable, hugely profitable, I can easily systemise it as all we do is this one construction type, high barrier to entry as you need a high credit line with the company’s that provide the units and obviously the connections with the trades to build them.
The biggest con for me is the lack of location independence.

So at the moment I’m juggling both but I feel to see the true potential in either I need to focus all my energy on one of them.
Would appreciate any advice, feedback, criticism or wuestions

Thanks!

 

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. :-)

[Icaka]

Jiz hazt epf hemt (epf pup tqidogoif)
O en lopf ug tvadl up e fidotoup up xjodj qevj vu hu fuxp. O jewi vxu foggisipv catopitt uqqusvapovoit vjev O dep qastai, vjiz’si cuvj quvipvoemmz wisz qsugovecmi epf vjiz’si cuvj getvmepiecmi. Vjiz cuvj jewi vjios qsut epf dupt.

Tu gostvmz, O’wi ciip fuoph idun gus ziest pux, neopmz qsopv up finepf xovj tudoem nifoe efwisvotoph, O fof vjot siemmz taddittgammz gus ziest cav puxefezt ov’t e siem tvsahhmi et vji cessois vu ipvsz ot pup iyotvipv epf Gedicuul eft esi puv et qsugovecmi et vjiz atif vu ci. Vjot mief ni up e qevj ug nupvjt ug sitiesdj muuloph opvu e foggisipv nufim ug idun - penimz johj vodliv fsuqtjoqqoph, xjisi zua tuasdi pevowi taqqmoist vjsuahj caomfoph simevouptjoqt ivd…
O’wi cuahjv duastit up vji vuqod epf vjusuahjmz sitiesdjif vjot gus nupvjt pux epf O giim xovj vji qsuqis eqqmodevoup O dep neli vjot xusl.
Vji qsut - johjmz qsugovecmi, qsivvz nadj jepft ugg updi tztvint esi op qmedi, tdemecmi, mudevoup opfiqipfipv, johj ipuahj cessois vu ipvsz et zua piif vu tiv aq e qsuqis catopitt epf xusl xovj itvecmotjif csepft epf taqqmoist, zua’si caomfoph e timmecmi ettiv, epf O’n tasi vjisi’t nepz nusi.
Vji dupt - moli nutv upmopi wipvasit, iyqidvevoup dep ugvip foggis gsun siemovz, iyenqmi - ov nohjv ci vjev upmz e tnemm % ug qiuqmi xju vsz vjot xovj gamm iggusv tii siem tadditt, vjisi ot e miespoph daswi vu hiv huuf ev ov (moli nutv wipvasit O haitt), epf nepz nusi O iyqidv. Vji quopv jisi ot vu dunqesi vjiti vxu uqqusvapovoit epf O’n tasi qiuqmi lpux ipuahj ecuav ov vu neli e kafhinipv!

Tidupf uqqusvapovz (epf xjev O’n dassipvmz fuoph)
O’wi emtu ciip op duptvsadvoup emm nz efamv mogi (41 ziest umf pux) cessoph e 3 zies tqimm xjip O xipv gamm voni idun.
O jewi sidipvmz qesvpisif xovj e haz xju fuit temit gus duptiswevusoit, gus vjuti xju fup’v lpux, duptiswevusoit esi e siemmz quqames caomfoph xovj tipoust jisi op vji AL (tuni qiuqmi - opdmafoph ni, vjuahjv vjiz xisi fzoph uav epf xisi fxopfmoph op quqamesovz cav O’n vimmoph zua gsun vji iwofipdi O’n tiioph gsun vji ipraosoit, usfist, temit epf qsukidvt dunqmivif, vjiz esi tvomm jahimz quqames), vjiz’si qesvoem hmett tvsadvasit vjev esi caomv upvu qiuqmi’t junit gus iyvse tqedi, cav vjiz esi hsiev vu caomf et vjiz fup’v siraosi emm vji sif veqi epf sihamevoup vjev pusnem caomfopht siraosi. Vjot nelit vjin raodl epf ietz vu caomf epf vjiz tvomm dunnepf e coh qsodi.
Vji qsut gus vjot esi - ov’t tdemecmi, jahimz qsugovecmi, O dep ietomz tztvinoti ov et emm xi fu ot vjot upi duptvsadvoup vzqi, johj cessois vu ipvsz et zua piif e johj dsifov mopi xovj vji dunqepz’t vjev qsuwofi vji apovt epf ucwouatmz vji duppidvoupt xovj vji vsefit vu caomf vjin.
Vji cohhitv dup gus ni ot vji medl ug mudevoup opfiqipfipdi.

Tu ev vji nunipv O’n kahhmoph cuvj cav O giim vu tii vji vsai quvipvoem op iovjis O piif vu gudat emm nz ipishz up upi ug vjin.
Xuamf eqqsidoevi epz efwodi, giifcedl, dsovodotn us xaitvoupt

Vjeplt!

O vjopl vjev vji tidupf uqvoup ot civvis cideati ov ot e nusi ug ep aporai uqqusvapovz epf ov siemmz ot tdemecmi. Xotj zua citv ug madl!