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Is it really the right time for me? Planning to start my own dream biz!

Discussion in 'My Journey Discussions' started by dilipsam, Jan 8, 2014.

  1. dilipsam

    dilipsam Newbie

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    Me: Almost 12 years in the Internet Marketing arena, worked for many companies including the government.

    Current situation: Corporate burnout!

    Strengths: Jack of all trades, master of some!

    My dream: To open an eCommerce website but, I really have no idea how much I am going to make; the target industry looks promising, very promising indeed. I have been postponing this eCommerce website until now.

    Objective for 2015: Quit my current job if the website brings in some or massive profit in 2015.

    I have been languishing or treating this forum like a voyeur but never registered until today. There are many posts that helped me. And my sincere thanks to BlackHatWorld for expressing my dream----it may or may not come true.

    D
     
  2. Disloyal

    Disloyal Jr. VIP Jr. VIP Premium Member

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    It's not impossible, that's for sure. I think you can do it if you really want to accomplish your dream. I say, learn as much as possible about eCommerce site(if you haven't) and start it.
    If you keep postponing, you will never know if your dream was obtainable.
     
  3. Lakitu

    Lakitu Junior Member

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    Stop hesitating. Start today and you're sure to start earning some money by 2015. With 12 years of internet marketing experience under your belt, you're sure to come up with some great strategies on marketing your website. If you need some motivation, just think of how you will become independent from your current job next year; you'll be the boss and be successful on your own. Best of all, you'll probably end up making more money than your current job. I hope to see a journey thread for your new ecommerce site soon!
     
  4. dilipsam

    dilipsam Newbie

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    Hello Disloyal,

    Whenever I wanted to launch, something new emerged. So, I would postpone the inception of the site until I am through with enlightening myself. Another thing could be FEAR factor: I think I am scared of irate customers, refunds etc.

    I play around with eCommerce CMS and I have had live versions of them, not open to public---all in BETA. I have been doing this for long but I think the time has arrived. Here I come!

    D
     
  5. dilipsam

    dilipsam Newbie

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    You are darn well right, mate! Shucks I should have registered and logged on this site, eons ago. You folks seem encouraging!
     
  6. Veyron

    Veyron BANNED BANNED

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    Well to start you don't know how much you're going to make. That's part of the risk of taking on IM but if you do your research, work hard and invest in SEO and promote your ecommerce store you could actually do quite well. My suggestion(s) would be to read some success and journey threads on starting an ecommerce site here on BHW as it'll give you some more insight on what you're wanting to do.

    I hope this helps and I wish you success! :)

    Veyron
     
  7. Lakitu

    Lakitu Junior Member

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    Lately, I've picked up the book 4 Hour Work Week and it has a nice section about irate customers and refunds in it. To sum it up, don't be afraid of these things. There will always be irate customers and people who want refunds. Lay down a refund/return policy on your website. At the end of the day, I doubt you'll be getting enough refund requests that will hurt your business.

    Think of it this way, if you're selling 10 items at $100 each a week, and you get 1 return request, you'd still be making $900 a week more than selling nothing because you're too afraid to start. On top of that, if you charge a restocking fee for returns, you'd cut down the losses of money lost on returns. After becoming successful, you could also outsource your customer service.

    The book details this much better than I do and I highly suggest you pick it up. I'm sure it'll help you succeed. :)
     
  8. dilipsam

    dilipsam Newbie

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    Lakitu,

    Sorry for going off track but Google seems to be flashing wrong dates for this thread in the SERPs. I viewed and figured out the dates are coming from the Similar Threads post.

    Back to topic: Yep, I am going to have some lenient refund policy because I have refunded irate customers in the past when I sold through third-party sites. Good logic! Point is, we needn't be greedy and at the same time keep our customers happy, now that products/services with good reviews are favored than less pricey ones sold on a site with no social interaction at all!

    Great, now I have to leave for bed! You take care Black Hatties!