this post was submitted on 26 Nov 2023
1 points (100.0% liked)
Entrepreneur
0 readers
1 users here now
Rules
- No Personal Attacks - criticism of ideas is allowed, attacking people is not.
- Self Posts Only - links can only provide supplementary material. Your post must contain enough content to have a discussion.
- No “How To Get Rich Quick” posts - This community is not about making a quick buck. Posts asking the community how to make $X, without making specific reference to a reasonable idea, are not tolerated.
- Avoid unprofessional communication - Please treat fellow entrepreneurs like respected coworkers, label conversations if NSFW and avoid deliberate provocations.
Please feel free to provide evidence-based best practices, share a micro-victory, discuss strategy and concepts with a frame work, ask for feedback, and create professional conversation. Treat every post as if you're at work and representing the best version of yourself.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
The main thing you need to do is make sure you sell products that there is a market for and that have enough profit margin to be able to pay for ads and make a decent profit.
Stay away from low price products. Profits will be too low.
If you want to make $5,000 a month, it's easier selling 100 products that have $50 profit than it is selling 1,000 products that have $5 profit. In the latter case, you'll have 10 times more customer support, packing, shipping, etc.
Product selection is the most difficult. I would suggest finding suppliers in a smaller niche where there's less competition.
Sell products that people are searching for on Google. It will then be easy to run Google ads and get sales.
Make sure your website looks professional and include a phone number that customers can call you on.