Good question. Which idea makes more sense? You could organize a survey to be distributed to a small group of people that represent your potential clients. See where the demand is and make your decision on that. The less-niche approach sounds sort of like Craigslist, which might be hard to compet...
Intercept the market with a mix of offerings from premium to main stream; you should have something for everyone.
MOQs MOQ (Minimum Order Quantity) is not a new concept; it has a high success rate and various implementations the most common being regulatory agency restrictions, which have to do with import/exports, good sold etc. Additionally, no manufacturer can sell at cost (no markup) and remain in busi...
It's possible to launch an ecommerce site for less than $1,000, depending on the features you need for your business to succeed. Since there are many different aspects of an online store, you can pick and choose exactly what you need and only pay for those items. Additinally, It is depend on whe...
You could potentially try to get a good amount of products on your marketplace through your friends and family as a start. Also make sure that you go city by city so that way you can focus on one city and once you are doing great there you have the credibility and the experience to move to a new ...
Forget business plan templates for a minute. Any plan for your business has to have the following points that cover all aspects of your business: 1- desired outcome 2- steps to reach your outcome 3- cost of each step (in dollar and time) 4- return on investment (ROI on your cost above) 5- risks ...
It sounds like you have plenty of skills to get started now. There's no need to keep re-training in different areas when you have experience to get started today. My suggestion would be to pick a niche and try and become the go-to guy in that particular niche. Let's say, for example, you are in...
I'm surprised other people are giving you concrete answers as it is impossible to say. How much have you invested in building the current ROR based system? Are the developers happy to code with both or are they simply steering you towards the technology they know? Magento is a great platform....
Several years ago, I manufactured product and stumbled upon a website called RangeMe. I assume there are others like it. With this platform, I could post my products and their wholesale cost and margins. Then, retailers and distributors could see my products and choose whether or not to engage ...
Yes, a consistent sales process is vital so that you know where you are. You also want to know why you lost some orders and won others--I was over a decade into my career before I realized I had no idea why. And that's what lead to the change. You need to understand your numbers. You need to kn...