
Here are our stats and a couple of "guru tips" after 19 years in eCommerce
Over the course of the last 15 years (first 4 of my eCommerce career weren't much) me and my partner sold more than $100M of products. And yes, we made it by dropshipping. We are not filthy rich since we operated on pretty thin margins, but I do consider this a somewhat achievement. Right now we are building a new platform to create and manage eCommerce stores, so operating is not our main business anymore. Thats said, we do believe that you always need to operate at least one shop to be in the know if you are doing anything even remotely connected to eCommerce. On the screenshot is the last year of operations of our store. It is nothing special. Margins are way better that we used to in the past, and here are some advice that I can share with you:
- Don't ever listen to "guru" advices. I have 0 incentive in sharing with people our niche, products, or tools we use to operate etc. Even not all of my friends know what we are doing.
- With that said, here is something I can share: focus on premium. This is the last thing that is out there, that can build you a brand over time and still exists today. And I am not talking about "make your amazon brand", where you buy cheap stuff, making a logo with gemini and calling it your brand. I am talking about going at something truly unique with a unique approach to a very specific niche.
- Use marketplaces to validate your idea. You have something that you think is worth going on? Before you pour money on zuckerberg ads, post your product to facebook marketplace, ebay, etsy or one of the more niche marketplaces. There are about 30 of these. If you see that you can get traction there - expand. If not, iterate fast. It is way cheaper as opposed to open your own websites.
- Service beats everything. You can make tons of money by simply responding quickly to incoming requests.
I think that's it. Ask questions if you have