Hello. I’m a 16-year-old teen and I actually wish to begin an eCommerce enterprise of my very own to show myself extra to entrepreneurship in addition to earn some cash.
I’ve invested in shares and ETFs (beneath my father or mother’s title) for years and at present have about $3,000 of seed cash. I used to be questioning how a lot I can do with three grand. What varieties of concepts will really work? I’ve heard of dropshipping—is that also worthwhile? From my analysis, it seems like one downfall of dropshipping is the shortage of management over the transport and stock course of. Understanding that, ought to I import items first after which promote them as soon as I’ve them in bodily inventory?
If dropshipping/import+promoting is simply not believable anymore, ought to I begin promoting some DIY merchandise (i.e. tub bombs/custom-made mugs). Would that be worthwhile?
If this information is required: I’ve a good quantity of expertise in beginning up organizations and advertising. I based a 501(c)(3) nonprofit three years in the past and grew it to have greater than $150Ok in income via donations/grants. Clearly I do know that working a for-profit enterprise might be a distinct course of, so in case you have some normal recommendation about working an eCommerce enterprise, it might be appreciated as effectively. Thanks a bunch and have a fantastic day!
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