The Goal
$1,000,000 in the bank or $1,000,000 from selling the business.
How am I going to do it
"Dropshipping"
Yeah you are probably thinking bullshit, but here is the twist, I am going to be the supplier
I feel their is a gap in my country for holding high quality products that can be sourced at a price that lets me profit and the reseller profit. Currently the major supplier most people use is garbage flat-pack trash from China that causes many return/quality issues, they also have terrible customer service, bullshit return/ re-stocking polices...all things I am going to avoid.
I also have some other plans on how to source items, with amazon FBA just starting here I will look into purchasing 'dud products' for a bargain price that I can unleash my army of resellers on.
How am I going to fund it? Currently I have zero money and no stock. This will be the hard part obtaining the initial capital to get the ball rolling. This is where I know I am going to have to grind and grind hard. Everything I earn will be reinvested back into the business, no 'drawings'.
See this image on things I am going to do in an effort to grow
Yeah I suck at doing images online so did one by hand.
Maybe I am focusing on too many things, I guess I will find out. Will look to focus on one sector, get to a stage where I can automate it and move to the next, $100 could be a new product to supply.
With a little luck a rich investor might take an interest in what I am doing and inject some funds, unlikely but possible.
I will update this thread as things progress, currently starting from ZERO $
Will update this more later but my internet is playing up, you can show me support by saying 'fuck malcolm turnball' on this thread, he is the guy who caused Aus to have shit internet.
$1,000,000 in the bank or $1,000,000 from selling the business.
How am I going to do it
"Dropshipping"
Yeah you are probably thinking bullshit, but here is the twist, I am going to be the supplier
I feel their is a gap in my country for holding high quality products that can be sourced at a price that lets me profit and the reseller profit. Currently the major supplier most people use is garbage flat-pack trash from China that causes many return/quality issues, they also have terrible customer service, bullshit return/ re-stocking polices...all things I am going to avoid.
I also have some other plans on how to source items, with amazon FBA just starting here I will look into purchasing 'dud products' for a bargain price that I can unleash my army of resellers on.
How am I going to fund it? Currently I have zero money and no stock. This will be the hard part obtaining the initial capital to get the ball rolling. This is where I know I am going to have to grind and grind hard. Everything I earn will be reinvested back into the business, no 'drawings'.
See this image on things I am going to do in an effort to grow
Yeah I suck at doing images online so did one by hand.
Maybe I am focusing on too many things, I guess I will find out. Will look to focus on one sector, get to a stage where I can automate it and move to the next, $100 could be a new product to supply.
With a little luck a rich investor might take an interest in what I am doing and inject some funds, unlikely but possible.
I will update this thread as things progress, currently starting from ZERO $
Will update this more later but my internet is playing up, you can show me support by saying 'fuck malcolm turnball' on this thread, he is the guy who caused Aus to have shit internet.
