3) You can join this case study/challenge any time after 15th of June (see pricing below). This will give you access to all my in-depth videos I personally record along the way. There is 1 hour of coaching included with me. But this will enable you just the same to build an eCommerce business by simply copying my process.
Plus you have access to all my other courses. And while I build this challenge you can get started learning my older (but still up to date) material.
I already have products in mind but other than that I will start from scratch like anyone else. I will purchase 3-4 products from China in the beginning, ship and sell via Amazon FBA. I will also set up an eCommerce store via Shopify that integrates with Amazon Multi Channel Fulfilment. I’ll build social media channels along the way, drive traffic to my listings via a separate website I build, build an email and customer list and eventually will also try to sell via other eCommerce channels such as Walmart. I will also approach retail and wholesale customers. So I am aim to build not just an eCommerce business but an actual brand that also sells to retail. On top of that I will use profits to both invest into new products as well as other financial instruments and make use of compound interest.
Yes of course. That is the whole point of this challenge/case study. You can follow along, copy my process and apply the process to your project. Of course you’ll have to find your own products 😉 And who knows, you might even beat me to the Million $ in turnover (or 12 months).
Good question. I recommend anyone wanting to start an eCommerce business to have at least 5000US$ in capital. And to be honest, the more the better. Why? Because to succeed in today’s market you need to differentiate yourself with your product and marketing. So you’ll want a somewhat unique product, your own branding, possibly modify existing products. And for that most suppliers will need a minimum order quantity (MOQ) of 1000 units. So if your product already costs 5$ all the capital is gone for the product costs. And you’ll still have inspection, photography, logistics, import taxes & duties as well as marketing to pay for. Other than that you’ll need approximately 10 hours per week, internet access and the motivation to succeed!
Yes of course you can. Just know that it will be more difficult to get started. You may need to purchase lower MOQ’s and have less capital for essential things like photography, inspection, marketing etc.
No problem, you can go at your own speed, watch my recordings and copy my process. This isn’t supposed to be a sprint. It is a marathon and you can go at your own pace.
You’ll get 1 hour coaching with me. We can discuss anything and everything in that call. However you’ll still be responsible for finding your own products. However I will give you directions and help as much as possible. Plus within the members area you will have additional videos on how I personally chose a product.
It might happen within 12 months or take 5 years. But I am committed to provide updates even after 12 months until 1 million $ in turnover is reached. I’ve built a million $ business before. It took me close to 3 years. But knowing what I know now I believe I can do it faster. And you can simply copy my process.
No, of course not. It is my personal goal for this challenge. But imagine if you do build a million $ business, wouldn’t that be great? 🙂 Even if you only reach a couple thousand $ in profit after 1 year you can proudly look back on what you’ve built so far. The sky is the limit.
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