How Much Does It Really Take To Start An Ecommerce Business?

[jessicaneubeck]

Guys make sure u are selling what is actually in demand not something you necessarily want to sell. If u have to sell toilet paper who cares if it’s selling make it work! U got this

[jaydarian]

It’s true. I’ve gotten a couple stores well over a thousand doing this exact process. The hard part is just finding the product. But when you find the “right” product and run “good” ads… then will you see results. But again you spend about $250 to $450 just to know if the product will work. And if it doesn’t you’ll have to repeat the process again for another product that you believe might be a hit. Risk vs reward.

[Devilish]

Wait 29 bucks for FREE shopify store😂 ( How to feel scammed before getting to the end of the short)😂

[MarketLyzer]

Facebook ads looool😂
That's like gambling if you don't know how to do ads 😂😂

[getchipbot]

Great breakdown. What’s the quickest you’ve seen results?

[mickeymouse]

Yea and shipping from ali baba takes month and customer will complain

[bfg]

Money? Not much.
Time? Tons.
Blood sweat and tears? 100%

[abdorootuae]

What about the trade licence? You can't open stripe or PayPal business without it

[Ali.lion]

Being an entrepreneur is not easy guys but don't be discouraged. Here's good points.

1. Solve a problem and offer a better solution. So dont think of an idea. Think of a problem to solve. This is very important.

2. When you have a solution to a problem be different meaning you can offer lower cost or offer be quality or better delivery times. Something differentiated.

3. If you don't have large reserves of money it will be hard to compete in mature markets. So better to create a product or service that is innovative. And enter a newer market that's growing. Example a.i, sustainable consumption these markets are growing fast so easier to open a company in this.

So live in the future and build something you find interesting and solves an actual problem better than other pelle and do it. Take action.

It's easy to operate up a company if you have millions of dollars and compete in mature markets you would take ricardian position. However if low reserves you'd take a entrepreneurial position which involves new growth markets, improving existing product and services and keep it simple.

And have mindset and visualization where you want to be do this daily. I recommend reading 2 books. Think and grow rich. And 7 habits of successful people.

[energizvideos]

This guys just forgot how hard it takes to activate shopify payment

[NBDY]

i think 10k is a better budget
the product might fail

[morby]

Which kind of ecommerce do you recommend to start in 2023? Dropshipping, Amazon FBA or Private Label??

[sammadmax]

Yeah that word "free" tho...

[Broke.NoMore]

How long it takes for them to get the product wont they cancel for waiting that long

[superalexturbo]

Can you start with a private label ecommerce single product? And then you can scale with multiple products.. or dropshipping is better? Which is your opinion

[gryzlaw]

You forgot to say how much time that will take you and how much that costs you in lost salaries and how much time it will take to recoup all of it

[truckerownerops]

You need to have the write product to sell.. e commerce is saturated . For you to make it you need to sell something no one has or you will spend thousands on ads with no sales.

[definitionXrp]

Who offers a service where they make the store for you? I meam if u can get people to run businesses/companies for you why cant somebody who knows e-commerce sell e-store to people?

[drtakeyobich]

5 dollars isn't enough to collect the necessary data to tell you if what you're doing is working.... more like 50-100, yes.

[astronomicatx]

Varies, but $3, 000 to $10, 000 is a common starting range.