Quote:
Originally Posted by clickhappy
about 17 years ago I got a few short domain names that are really good. In case I get to a point where everything is fucked up I can use them as a plan B. Well Im ready for plan B now as i failed in business so far.
I have a killer domain name for an online jewelry store. and it would be super easy for me to put up a store, set up a merchange account/paypal/buy ads/market on social media/youtube etc.
But I dont know anything about the business. The inventory, terminology, competition from Esy/Ebay/Amazon etc.
All I know is that I have a great domain name and that jewelry isnt something that will be slowed down by illegal pirating and downloading.
anyone know anything about this industry or about selling physical mainstream products online? Go for it? or definitely stay away? Is it LOTS of returns and pain in the ass customers?
Maybe just sell mens items since guys arent as fussy as women?
I imagine much of my competition are old ladies with shitty websites so I would fly past them, I would think.
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The key to anything like this is the quality (unuiqe angle) on/of supply.
US/EU/UK etc sellers used to buy from Ali etc and do quite well.
Now the Chinese have plenty $ and can see selling prices on eBay etc, many (lower end quality mainly) so are leasing warehouses themselves right in US/EU/UK etc.
The service, quality and everything is shit, they have feedback low as ~ 90%, but eBay turn a blind eye as they are killing it in fees.
Ideally you need a unique angle or product (nothing new there then
), then you can make good bank.
Better yet, create a hybrid product from others ideas being combined into a unique presentation.
Don't have it made in China.
Amazon has a better quality client base, eBay not so much, but if you add card/s in ebay etc deliveries to insentivise purchases direct from your own site and get them on a mailing list, money can be good, takes a few months to get right, then it can go crazy if done right.
Forget jewellery if you have no experience, don't be a busy fool; find items nobody else is selling, or be creative and produce your own or have it done for you.
The key lies in investing in the product packaging design in some areas, we threw a lot of $ at that and now cannot produce enough stock to meet sales, plus are being contacted by both wholesalers and retailers - all because our packing presented our stuff like nobody did before.
Best of all, now all automated, I never even see the fucking products.
(Sell the domains, whatever you do jewlery is a crazy place to start).