Where would you go next after a finished successful venture?

bumont

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Hi Guys.

I'm wondering what insight any of you could give me into deciding what to do for my next venture.

Over the last three years I've built a successful ecom site on 100% organic traffic and generated 6 figure income from it.

Due to the grey area nature of the business and changing legal climates, I'm likely going to have to close for good in the next few months.

I've tried a few different ecom products/ventures but haven't really been able to get anything that gets traction yet. I'm in a very different situation to when I started IM with zero capital, but even with fairly substantial savings now I'm still very unsure of what to do.

I've considered buying a business already generating income but it's an absolute minefield on Flippa/Shopify Exchange, full of churn and burn sites. I think in general I'm lacking motivation and direction after having a fairly steady routine running my current business, and I'm trying to find something to really get my teeth into.

My question, what would you do in my position?
 
I would build a team and scale it up. You're already there, and a team-building will automatise your tasks and keep things running for your favour no matter how your feelings status is, things will keep running. Then your job should be to manage things.
 
OP just invest your money in a offline business.. Open a restaurant or a bar.. A brick & mortar business where you live... Food business is always good.. We all have to eat food right? After that with your profits you can go back and spend some little money online to multiple Your $$$$$$..
 
I’m interested to know the grey area niche wise as I work in some as well, and may have some suggestions on where to redirect or maybe push it to less grey area?

Regardless you should have a ton of contacts/leads now, I’m sure you can figure other areas or ancillary products they may need?

also selling or renting out your business to someone willing to take on the risk?
 
I would build a team and scale it up. You're already there, and a team-building will automatise your tasks and keep things running for your favour no matter how your feelings status is, things will keep running. Then your job should be to manage things.
ws
Thanks for the advice. That's very true, I try to do all the tasks myself from video to PPC, and I know I'm not amazing at either.

OP just invest your money in a offline business.. Open a restaurant or a bar.. A brick & mortar business where you live... Food business is always good.. We all have to eat food right? After that with your profits you can go back and spend some little money online to multiple Your $$$$$$..

I was thinking this, having something brick and mortar generating a steady income, thanks!

I’m interested to know the grey area niche wise as I work in some as well, and may have some suggestions on where to redirect or maybe push it to less grey area?

Regardless you should have a ton of contacts/leads now, I’m sure you can figure other areas or ancillary products they may need?

also selling or renting out your business to someone willing to take on the risk?

The niche is in the bodybuilding/fitness supplements area. The main issue is that the manufacturers are all located in China and a recent Chinese Supreme Court has outright banned all of the products, and all the of the suppliers/middlemen have said the cannot source it at the moment. There is also increasing legislation around the world to prohibit them.

I have thought about moving into the more clearer area of supplements, both manufacturing and marketing, but it seems to be a very saturated niche. Looking at popular products such as Protein, Nootropics, Preworkouts etc, seems to be a new white label startup every week, I wouldn't discount it though as it's something I have experience in. Thanks for the input.
 
ws
I have thought about moving into the more clearer area of supplements, both manufacturing and marketing, but it seems to be a very saturated niche. Looking at popular products such as Protein, Nootropics, Preworkouts etc, seems to be a new white label startup every week, I wouldn't discount it though as it's something I have experience in. Thanks for the input.
100% what i was hoping youd say ha, may we chat sometime?

Im well aware of the issues and actually gong to launch in february hopefully sooner a small store of my own(just a time issue dont want to much on my plate) , and I am workimg with some currently, tackling the raws as well.
 
Nootropics is definitely a good route to go. A soft transition into that area to test it is a proper next step - since you understand how to sell supplements already, it shouldn't be hard to scale towards smart supplements. But, if you are tired of E-commerce in general: you can simply take all of the skills you've learned on how to 1. Leverage SEO to attract organic buyers and 2. Leverage PPC to attract paid-click customers and sell it as a service as a marketing agency. You can focus on local businesses in your area and scale past that. If you don't want to get on a call, hire someone.

But, if that is not your thing - look into building up a site from scratch, around a certain niche and leverage your SEO skills to attract traffic and sell affiliate products (or create your own). Since you are already in the fitness niche, maybe that is a route you can take? Create a fitness blog, attract traffic to articles and hire a fitness coach to create a course/product.

There is a lot of ideas in my head for you :)

**Edit** With the fitness blog, it is best you build up an email lits as well. You can also purchase a few email lists from providers to sell the course or even your own email list from the products you've sold. Experience: I've consulted a fitness e-commerce store :)
 
100% what i was hoping youd say ha, may we chat sometime?

Im well aware of the issues and actually gong to launch in february hopefully sooner a small store of my own(just a time issue dont want to much on my plate) , and I am workimg with some currently, tackling the raws as well.

Sure feel free to PM me anytime!

Nootropics is definitely a good route to go. A soft transition into that area to test it is a proper next step - since you understand how to sell supplements already, it shouldn't be hard to scale towards smart supplements. But, if you are tired of E-commerce in general: you can simply take all of the skills you've learned on how to 1. Leverage SEO to attract organic buyers and 2. Leverage PPC to attract paid-click customers and sell it as a service as a marketing agency. You can focus on local businesses in your area and scale past that. If you don't want to get on a call, hire someone.

But, if that is not your thing - look into building up a site from scratch, around a certain niche and leverage your SEO skills to attract traffic and sell affiliate products (or create your own). Since you are already in the fitness niche, maybe that is a route you can take? Create a fitness blog, attract traffic to articles and hire a fitness coach to create a course/product.

There is a lot of ideas in my head for you :)

**Edit** With the fitness blog, it is best you build up an email lits as well. You can also purchase a few email lists from providers to sell the course or even your own email list from the products you've sold. Experience: I've consulted a fitness e-commerce store :)

Thanks for the reply! Some very good points there!
 
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Good question. Investing in offline business I prefer
 
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