20M Freelancer Considering My First Real Business Investment — Would You Risk Your Savings?
Hi everyone,
I’m 20M from Pakistan and I’ve been freelancing for around 4 years. I’m currently earning a pretty good amount through freelancing and have managed to build some savings.
Recently, I got an opportunity to start my own e-commerce business with someone I know. He’s also Pakistani but lives in the UK. He’s willing to invest around £3,000 and is asking me to invest some of my money as well. The plan is to start a printed T-shirt business targeting the UK market.
I already have experience in this field because I’ve been doing almost the same type of business for my clients in the German market, and from what I’ve seen, it can be quite profitable if done properly.
I actually met this person through Fiverr. Initially, I hired him to build an automation bot for one of my clients for an e-commerce-related project. He did a good job, and since he also had e-commerce experience, we stayed in contact.
We previously tried a few dropshipping ideas together, but they didn’t really work out. Despite that, I trust him and he seems like a genuine and responsible person. However, this time I would be putting part of my actual savings into the business, so I’m thinking much more carefully about it.
My main question is: Would you invest your savings into an opportunity like this, or would you continue freelancing, save your money and wait for a better opportunity?
I understand that every business involves risk, and I’m not expecting guaranteed returns. I’m mainly trying to figure out whether the risk/reward makes sense considering my age, current income and experience.
Also, if anyone here has experience selling clothing or printed T-shirts in the UK market, I’d really appreciate your advice. How is the market currently? Is it still profitable for smaller sellers?
Apart from Amazon, eBay and Etsy, which UK marketplaces or platforms would you recommend for selling printed T-shirts?
I’m also looking for reliable UK-based T-shirt suppliers, wholesalers and printing companies. If anyone has worked with a good supplier and is comfortable sharing their name/contact details or website, I’d really appreciate the recommendation. Ideally, I’m looking for good-quality blank T-shirts at competitive wholesale prices and suppliers that can handle reasonable quantities for a new business.
Would really appreciate advice from people who have actually run e-commerce or clothing businesses in the UK.