In this video I cover 5 websites to find ideas for dropshipping products.
What is the Best Business Model to get into in 2017? What Are The Best Print On Demand Apps For Shopify
In this video I cover why I paused my Shopify Store.
- Store has been operational for over 12 months
- Store and associated costs were $200 per month to keep store running
- Sales dropped to $1000 per month from $3000 per month
- Business was running cashflow negative
- Decided to pause store until I can establish new direction
- Store sold t-shirts and jewellery
- The last straw was 3 refunds due to supplier problems
- The profit of $5 per t-shirt represents 16% margin
- T-shirts are DTG printed locally
- Low margins make profits so much more difficult
Where to now?
- Take my Knowledge and apply it to a new niche
- Research new opportunities
- Looking for high margin products in high demand