Re: Business plan advice
Posted: 05 Jan 2015, 17:17
Hi guys, Im really hoping to get some insight for my business plan. Im asking here because I know you might not want to post such information on a public forum.
I plan on selling Via E-Commerce and my customers would be users of the products (not B2B), I have selected a few products to begin with so im not holding alot of stock and that I have an idea how to market, these include; Mugs!, photo slates, glass cutting boards and phone cases.
I have a website that Im slowly working on (low traffic) and I hope to use Etsy and Ebay as platforms to sell from.
My aim is to generate £1,000 in profit each month.
I have worked out my profit margins for the items based on ebay and etsy (sold items) and im looking at Ebay: between 10 - 30% and etsy 33- 62% (free postage)
So based on average profits from ebay and etsy I would need to shift around 200-540 Items a month!
If I worked 6 days per week that is 24 working days, so that is (rounding up) 9- 23 Items per day!
Now fine people of DSF is this realistic ?
and do you have any advise for a newb
thanks for reading, happy new year!
I plan on selling Via E-Commerce and my customers would be users of the products (not B2B), I have selected a few products to begin with so im not holding alot of stock and that I have an idea how to market, these include; Mugs!, photo slates, glass cutting boards and phone cases.
I have a website that Im slowly working on (low traffic) and I hope to use Etsy and Ebay as platforms to sell from.
My aim is to generate £1,000 in profit each month.
I have worked out my profit margins for the items based on ebay and etsy (sold items) and im looking at Ebay: between 10 - 30% and etsy 33- 62% (free postage)
So based on average profits from ebay and etsy I would need to shift around 200-540 Items a month!
If I worked 6 days per week that is 24 working days, so that is (rounding up) 9- 23 Items per day!
Now fine people of DSF is this realistic ?
and do you have any advise for a newb
thanks for reading, happy new year!