Any of you guys have a successful e-commerce biz that generates decent cash flow?
I've tried a lot of things. Among them: Blogging, selling random shit on eBay, selling arbitrage items on Amazon (also did one private label product, but it's mostly a dud), affiliate marketing (clickbank and max bounty).
My Amazon stuff makes me $300 or $500 a month net if I'm lucky and that all goes into the hamster wheel of sourcing new goods anyways.
Just curious if any of you guys have had success with e-commerce and if so, doing what. I'm sick of wagecuckery and have been trying to escape for almost 4 years now.
Bump for interest. Does anyone have any resources/sites/blogs as well for more information on the topic?
Jose Morgan
Me on the bottom right
Ryder Jenkins
>My Amazon stuff makes me $300 or $500 a month
That's 10x the minimum wage in India, please tell me how to make it.
James Reed
No. The only thing I've had luck with is the fact that I'm anti social so I have to Christmas shop early (beginning of oct) and I can usually predict the big seller toys. I stock up on them while everyone else is looking for costumes and I sell them from mid November to December. I make thousands this way. Last Christmas I made about 5 grand off of hatchimals.
Ayden James
I don't really have any resources, but I've got a moderately successful online biz. Without revealing too much about myself, I pull a bit less than 5k a month, after taxes, from about 4 hours of work 5 days a week. I'm still fairly new to it, and I figure the next step is to either hire someone, or start working more if I want more money. It's almost all sales, and maybe like 0.5% services.
The trick for me was just finding a niche. I stumbled into mine completely accidentally when I was in college and running out of money, so I don't really have any tips in that regard, other than that it's a hell of a lot easier to get started with something you're already knowledgeable about.
Jayden Torres
That's from online arbitrage... find stuff on clearance, order it, sell it for 3x or better on Amazon to cover the fees. If you're in India though, I don't think that model would work very well for you unless you hire a prep center in the States. It's doable though, but just have to keep the margin impacts in mind.
Jaxon Phillips
Not a bad move. I just never really understood how to predict the big toys though. You use Amazon, eBay, or something else?
Alexander Turner
That's pretty awesome. Without giving away your niche can you give us more a clue of what type of model it is? (affiliate marketing, physical products, information products, etc.)
Lincoln Martin
I'm not really from India, I just don't want to break my anonymity, but I'm from another country poor as India, mininum wage is higher just than China.
>find stuff on clearance
I've no idea how to do it, and yeah, being non-algo cut a lot of opportunities for online work, discovered it on the harsh way, that sucks, I don't even need much money, fuck it.
Kevin Gutierrez
Im surprised shes just standing there and didnt smile or even look at him. What an uppity bitch
Logan Cox
You're failing forward my friend. What else have you learned throughout your journey so far?
Eli Fisher
...
Jackson Morris
Well seeing as the arbitrage piece for me seems to be a dog chasing it's tail, I wouldn't necessarily steer you that way. If you're interested in learning it though, a guy name Jordan Malik has a podcast and a lot of free resources on his site. There is a chick named Jessica Larrew (sp?) who made a ton doing it and now moved to selling products about it.
Me personally, I bought the Proven Amazon Course from Jim Cockrum and am going through his Proven Performance Inventory module. Long and short of that is you find/list products not already on Amazon, run ads to gather data on what people are really looking for, and then give the people what they want. There is also a lot of stuff about creative bundles where you take a name brand product and bundle it with something generic. Haven't actually fielded this yet... I'm actually working on watching the videos tonight.
My advice to you is that maybe you should look at what you could source in your country that isn't already on Amazon and see if you can get it to either the U.S. market or the newer emerging Amazon marketplace in the EU. Coolest story I heard Jim Cockrum talk about on his podcast was a Jamaican dude who started sourcing local coffee and turned it into a huge business where he partnered direct with the farm that was making it to deliver it to Amazon.
Aside from that route, there is the private label goods from China. I've done it once and it has been lackluster. I make a few bucks off of it, but the ROI was dismal relative to the time and money I put into it.
Nolan Johnson
Yeah, I guess failing forward is a good way to look at it. I'm just getting tired and discouraged after four years of working on this shit almost every night after my J-O-B.
What have I learned? First and foremost, it is possible to make money on the internet. First success was a Kindle e-Book... I still make probably $100 to $200 a year from the royalties on it. Not life changing, but it proved that you could literally make money out of nothing.
On blogging I learned that it's super saturated and unless you find a micro-niche that is not, then you're probably wasting your time trying to make money that way unless blogging is a passion for you.
Affiliate marketing is pretty saturated too. Took a couple Udemy courses, made a few shekels, but then realized I was barely covering the advertising costs. Free, non-ppc techniques didn't generate shit for me, but maybe it's because I never went "all-in" on it.
Physical products... I struggle with eBay because of trying to incorporate the shipping costs. Took a course that recommended making free shipping, but it really complicates your margins... at least for me. I need to figure out a better way of dealing with the shipping piece on that... even if it's just selling shit I don't need from around the house. Amazon on the other hand is pretty awesome with FBA. There is money to be made and I've done it. Best month ever was almost $2500 with a net of probably around $700ish. Biggest challenge there that I'm trying to figure out is sourcing goods (specifically product choice for something worthy of private label).
We're not meant to fucking work for someone else, pay bills, and wait for death. I'll keep chugging away at this shit. Obviously being here I'm involved in crypto too. I don't want a Lambo, I just want the freedom to sleep in till 9am, walk down the street, and leisurely get a cup of coffee every fucking day. I don't want a boss telling me when I can and can't take a vacation.
Connor Johnson
>courses >podcasts
The problem is, everything is focused on ANGLO, their tips and shits are almost useless for people of my cunt, who has almost unique laws, fees and shit.
And I'm flipping some shit on my cunt, but it's risky, there's a shit ton of laws that make it harder and almost ilegal being a pleb selling stuff.
That there's a shit ton of money online to be made, but my "third worlder" status still up and 90% is not for me.
Bentley Cooper
>And I'm flipping some shit on my cunt
Eli Nguyen
This is good bait
John Powell
Wtf niggas.
Jason Bailey
if you aren't flipping some shit on your cunt, why are you even on Veeky Forums ?
lol at summerfags not even flipping any shit on their cunt
Xavier Perry
I would say my current income is 60% crypto, 40% flipping some shit on my cunt. get gud
Dominic Lee
It can be done my user brother. I made good friends with a seller who is in Italy and she's crushing it. She sells her product in the U.S. via FBA and ships her stuff from China directly to Amazon warehouses in the U.S. Prior to that arrangement, she used a prep center in the U.S. that shipping to Amazon. If you're selling private label, it is possible to go direct from manufacturer to warehouse. If you want to try to arbitrage or do wholesale shit, you'll probably need to incorporate a prep center.
Jim Cockrum and Scott Voelker talk about this shit... both of them have many international dudes in their audience. Don't give up.
Luke Nelson
If you're really making income off of crypto, what's your deal with that? Day trading? I've been mostly buy and hodl. Finally got on Bittrex and have been looking at the charts with Coinigy, but not really sure I know what the fuck I'm doing to try to go Wolf of Wall Street on this shit. Will say, I'm pretty happy about the 2 BTC I bought at a average cost basis of $339. Holding that shit until it hits 6 figures (Praise Kek). Rest of the portfolio is meager helpings of ETH, LTC, BAT, BNT, SNT, 1ST, and XRP.
Juan Wilson
Oh... and FUN... glad those fucked tokens finally showed up
Doing Graphics Design makes me earn around 1300 USD per two weeks, sometimes 700 USD per a week. Currently working on a pornsite that already partnered up with Mindgeek which will become big. Was planning on developing a BTC news site but don't have the time.
