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

communick@indiehackers.space

Would this store work? (alien.top)

submitted 11 months ago by Diamond_Girl_516@alien.top to c/entrepreneur@indiehackers.space

14 comments fedilink hide all child comments

This year I got diagnosed with fibromyalgia after dealing with this pain and disease for 12 years. I've been suffering hard with depression and anxiety for the past 3 years and I find it debilitating enough to keep me from a job and haven't had luck getting remote work. However, my husband and I are not doing well financially and I'd like to help. So, I am considering opening an online shop with things to help with pain.

The shop would be an arsenal of things I've learned to use to help fibromyalgia pain like epsom salts for baths, heating pads, Turmeric supplements, specialty teas (like for painful periods) and a flagship product of an herbal lotion that helps provide immediate relief to painful mucles. (Plus more products- this is just for example.)

I'm wondering if I put the effort into the shop, would a store like this work? I know most stuff is just bought off of Amazon, so I don't want to open a shop and get left in the dust. I've had businesses fail already and am ready to succeed. Thanks for your help.

you are viewing a single comment's thread
view the rest of the comments

[–] d_sakamoto@alien.top 1 points 11 months ago (1 children)

Well the nice thing it’s up to the OP to decide what to do with our advice: take your advice and do nothing, which may be more valuable than trying again, but it’s definitely $0. However, there are lots of people making millions on Shopify because they have a captive audience that relates to the founder’s story. If you know 1,000 similar patients to you, you can make a living.

[–] travelguy23@alien.top 1 points 11 months ago (1 children)

The OP won't make millions from this. That is very clear. The average person can not earn that much from products like this. You're deluded. Yes, some make millions but 99% fail.

[–] d_sakamoto@alien.top 1 points 11 months ago (1 children)

Now you’re just making up statistics or providing statistics from your deal flow. Shopify survivorship is 51.6% at 5 years (published by Shopify). BLS average survivorship at 5 years is 65%. Maybe your experience is 99% fail, which would mean you would have done/seen 100 deals (unlikely), or you just want to be right and beat down on people on the internet.

[–] travelguy23@alien.top 1 points 11 months ago

That data is BS. What does survivorship mean in this context. Making $5 a month in sales?