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Short 1 month Journey - $4k worth of leftover stocks to clear

Discussion in 'My Journey Discussions' started by Headmaster Cid, Aug 16, 2019.

  1. Headmaster Cid

    Headmaster Cid Jr. VIP Jr. VIP

    Joined:
    Dec 25, 2014
    Messages:
    339
    Likes Received:
    197
    Occupation:
    Just a salesman
    Location:
    Balamb Garden
    This journey will end on 1st October 2019, and will be launched on 30th August 2019.

    Basically, we have some leftover stocks of lots of products from the past businesses that we had no idea what to do with. We gave away some, sold some, but the stuff is still piling up on the house.

    The total amount, if we managed to clear the valuable items, is worth about $4k, and about $2k more for loooots of smaller titbits.

    The strategy is to use Instagram as the marketing platform, using shoutouts and advertising to get our sales.

    Before we launch the business, we need to get everything prepared, like the website design, social proofs and layout.

    The timing is just right as I have just gotten a subscription from Festzingers' Vault for Woocommerce themes and plugins - and I will do just that for the design.

    I am expecting a total profit of about $1k-$2k from this - whether we will continue the site to sell some other kinds of stuff related to the niche, I'm not sure yet.
     
  2. Headmaster Cid

    Headmaster Cid Jr. VIP Jr. VIP

    Joined:
    Dec 25, 2014
    Messages:
    339
    Likes Received:
    197
    Occupation:
    Just a salesman
    Location:
    Balamb Garden
    Had a 2k followers Instagram page on same niche that we will be rebranding it to, and also have the web design and product ready.

    My business partner decided that it is not the time to dropship items and sell the titbits yet, but I am thinking otherwise and I want bigger profits per advertising cost. Still deciding on that. But there's no rush, we still have about 2 more weeks to go.