Is This E-commerce Business a Good Idea?

Is This E-commerce Business a Good Idea?

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[MrCoxmic]

Sounds like, "I have some essential oils that if you sell then you will make tons of money and change the lives of your friends and family."

[phantomfpss]

I totally get Ramsey's point, there are a lot Course Guru's scammers out there that they make you think they are expert on certain topic and how they got rich doing it, but in the end, is the Course Selling Business that got them the real money. Becareful, even if it's a $ 1K investment

[Aggielife]

If it’s too good to be true, it probably is! This will never get old!

[jordanhoman]

Dave's right... this really feels scammy, but it could be an honest software company.
Probably best to start out without the software if you can; Do what the software does yourself, then, when you know this job works, look to see if the software will increase your revenue more than the software costs.

[flyingpotato]

The best way to start on e-commerce or drop shipping is to start getting influence and being popular in social media, so this way you will have a way to promote the products and would find more buyers, but if you are not very popular in social media and don't found a good way to first promote and find your customers your e-commerce or shopify and others online businesses will never work if you don't promote them first which is kind of hard to do

[clkou]

Here's the crux of the problem: people who have legitimate ways to make money easily don't typically share those ideas even for money because typically that cuts into their bottom line. Think about it: if you had some kind of money making machine then why would you want to share it?

[redcomic]

Private labeling on Amazon can be a profitable business. I make about $1k per month with one product, but this caller is likely in over his head. $1000 will NOT be enough to launch a successful product once you factor in shipping, PPC, etc.

If you’re considering Amazon FBA, please DO YOUR HOMEWORK because these gurus are NOT teaching you for any reason other than to make money from their courses/software.

[flippatheshippa]

I do e-commerce it’s not really what you think it’s kind of more like good side cash but it really isn’t that hard if you can find a way to make a ton of sales a day and have a reliable supplier with a big supply it could be a very profitable business but I mean I can invest in my product but it might take me a couple weeks to even a month to sell it all probably making about 2-3 sales a day so e commerce is all about how much sales you could get in a day and your supplier and your marketing it’s a lot of things and sometimes you work very very hard for a small reward but if you could master getting a good amount of sales a day like about 10-20 (which is difficult) it could be a very profitable business and you could most definitely be self employed I’ve been doing it for about a year and I’m still not at a level of making money at a normal job which gets me discouraged sometimes but I am just going to keep on grinding and trying and saving up cash until I could actually make some real scratch

[sami-]

2:00 both hosts turning their heads until neck pops

[goodwebstuff]

If you have 10k sitting around. Testing ten 1k business ideas is a good plan. If you don't have an income to cover your expenses, it's a little different story.

[Mmvexxx]

Amazon should only be a channel for sales. Best thing to do is to build your brand. Yes it is a ton of work and results aren’t overnight but it’s better than buying into some guys idea

[Scarface_]

Everyone’s saying “do it it’s only 1k”, the guy had a broken leg and said he hasn’t dipped into his emergency fund....yet. This is a bad idea, especially since he bought a get rich course

[taylorsmith]

3:30 I love when people pretend to not understand what they are saying in order to buy time to think of a better answer

[AlvandaHQ]

4 Secrets:
00:28 💼 Consider starting an e-commerce business, but be cautious when white-labeling products on Amazon.
01:09 📦 Make sure your business idea aligns with your passion and interests, not just the potential for profit.
03:03 🧐 Be cautious about "get rich quick" schemes and thoroughly research any business opportunity before investing.
05:07 🤔 Seek advice from experts and industry professionals outside of the person selling you a business idea or system.
07:23 💡 Avoid falling into layered or complex schemes that require continuous payments without clear benefits.

[philipwindowcleaner]

Could be rephrased as “just wondering if it’s a good idea Dave to sign up for scams?!?”

[JackofAllTrades]

You was scammed bro smh, you can definitely do this by yourself without his software

[JasonAThornberry]

I've done FBA before and it was a mistake that lost money every month. I don't regret it since it was a learning experience, but wouldn't recommend it either.

[alicejohn-lfkd]

Nice Video. But I need some clarification. Do you know any tool for how Real-Time Profitability Analytics calculate for Ecommerce?

[teshastips]

I'm really interested in this...I do Financial coaching and I have people ask me about e-commerce all of the time.

[michaelhigh]

There isn't enough profit for the caller. After paying Amazon, the salesman, and taxes, what money is left over.