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Originally Posted by Margarita888  Well, I have an online business & a 'real world' business. We contract out a factory to manufacture the products that we sell online. When I was still in the pre-launch phase over 5 yrs ago, I thought if I could sell a couple hundred per month of the products we made, then I can justify staying home to raise my baby. The first month I launched the site, I sold over 2,000 pcs. There's no way I could've done that offline.
There's so much clutter out there about making money online. Is it easy? Is it hard? Is it a scam? Which adwords do I use? Should I blog? How much can I make? What kind of business should I get into? etc..etc.... To me, those are really the wrong questions to ask. Jasper asked a very good question. What is the value you are delivering? 2nd question you need to answer is: How are you marketing that value to your target audience? Essentially, you really have to have a good product, and good marketing. You can't just have one or the other. It's really that simple. But it's not always easy. |
The things you didn't describe is the things that people have the hardest time with.
What is your product, why would people buy from you when they can get a brand they trust at a low low price form a store like walmart?
How did u advertise your product so that you had 2,000 sales in the first month. With 2,000 sales you must of had like more than 250,000 site impressions... What was your investment or methodology on achieving that much traffic within your first month? How much did you invest to get that 250,000 site impressions?
At the current rates advertising your product online alone takes about 50% of your profit away, then you add in licensing, fabrication, and logistics cost and another 30% of your profit is gone.