E-commerce warehousing is the fastest growing industry. The move to e-commerce was accelerated by an estimated 5 yrs thanks to the King Flu. All e-commerce related business plans, career discussions, startup guides go here. get your head out of your ass staring at fake internet coins all day and make a career for yourself. It's not too late to get a piece of this massive pie. Retail cucks fleeing their dead industry welcome.
Im a senior design engineer with 7 years experience in all things warehousing and fulfillment. Feel free to ask me anything related and I'll see if I can help you. Systems, supply chain, tech, labor, warehousing, costs, margin, distribution, fulfillment, transportation.
Evan Campbell
I run an e-commercd business with £3 million turnover. AMA too. Not a larp. Started it 6 years ago.
Thomas Edwards
Hello OP. What little knowledge I have of e-commerce suggests that there are individuals making serious money basically reselling goods and services online. Is this true? What skills would I need to develop and what resources would I use in order to get myself up to an acceptable standard in order to grab a slice of the action?
Fellow Brit-lad, need an employee that works from home?
Carson Foster
How can you be competetitive in a flooded market like e-commerce? Seems like the competition would be insane.
Ryder Nelson
what do you sell? what payment processor do you use? what kind of tech knowledge would help early on? I can program, like API and database, devops etc. I just need to know how to easily sell something.
Bentley Murphy
What goods do you sell? what's typical margin on sales? how do you liquidate stagnant inventory? where do you buy your products from? what have you done over the years to increase revenue and decrease costs? do you use any third party software for optimization or analytics? any projections for next 5 years?
Aaron Russell
Also may sound obvious and dumb but how do you work out what people need? This seems to me to be the first-level boss that most of us get filtered on.
Josiah Cruz
digital marketing my dude. I've seen people sell any basic shit but make a flashy website with Shopify store and pump targeted ads through Facebook/insta/google. your audience online is absolutely massive. if you get 1% of people to buy your stupid widget you are making bank. contract out fulfillment and sit back and collect checks. I have seen it happen with toy, skincare, nutrition bars, sandals. make one thing and market the shit out of it. people fucking love buying stupid shit direct to their door off instagram. I see people doing $80k a month in sales and it's just a side gig between a husband and wife.
Dominic Hall
hey man. you don't need to be a seller to be successful. the entire industry is booming, make a career out of it. start working in a warehouse or work for a tech company selling software dealing with ecommerce. it's like the fold rush, the people who made the real money were selling shovels you dig?
Anthony Reyes
What can you do?
Landon Roberts
Pretty good point user. I'd settle for building some utility software like for accounting or even simpler. I just can't find a niche, my main question is this one I guess. Hard to find an angle or I just don't come into contact with business types or normies enough
Dominic Lewis
We sell used IT/electronic parts. Sometimes we are the only ones selling a particular PSU board from a TV that someone wants to repair, for example. Otherwise, just be the cheapest.
Anthony Richardson
One thing I've learned - you want to be the ONLY person with something in stock. You want obscure parts, or inventory, and lots of it. That way you can set your price, and offer it to the global market. Thats how we make most of our money. All the the strongly stocked stuff, with lots of other options, is a race to the bottom
James Sanders
General IT (currently an IT manager in a medium sized business). Some dev experience. Good at task automation stuff, data.
Evan Rivera
How do you deal with taxes? Also are you in any crypto, which ones, how much etc? Any crypto tips? Do you plan to ever incorporate crypto into your business? Your IP changed btw.
Adam Kelly
what's the most challenging aspect of it? either day to day/weekly or generally.
Christopher Nelson
Used IT/electronics. Margin is around 10-30% roughly. We sell it at auction, with the base cost as the starting price. We buy from liquidations, clearances, and auction. To increase revenue - trained and paid our staff more, mostly, and given them a true sense of ownership. Reducing costs - taking our warehousing/shipping out of house, and contracting as much out as possible. We only use native platform analytics (i.e ebay, amazon native). Projections are steady growth (30-50% turnover growth per year, as has been the case the last 5 years).
Lincoln Ortiz
If I'm honest? For the last 5 years I've worked 50-60 hours a week. I look at emails all the time, have to take work related phone calls anytime of the day, I call ebay/amazon on Sunday mornings. It never ends, and I really mean that. Its totally encompassing. But I am on £160k/year, and bought 100k LINK via my company, so that sorta makes up for all the fuckery. I just went full psycho with my work ethic.
Hunter Allen
I live in Zhuhai China. I run an ecommerce store in Canada selling only products that are aimed at apple users. Think magnet connector, cases, hubs, skins, usb to usb-c, accessory case. I built it all through woo-commerce, I have a word press blog that reviews all mac related shit but I always review my stuff with the best rating. I buy backlinks, I get tier 3 youtubers to review my shit for handouts. I sell on ebay and amazon, and I pay an onld friend on disability to package everything and ship from Canada; so i can get products out in 1 week instead of 3 weeks from China. I literally live in a sub tropical paradise 20 mins. from Macau and 1 hr from HK. I made 190k profit last year and I barely pay any taxes.
Pick a niche, create content, create a brand, sell on multiple platforms.
Connor Richardson
Hey and OP - thanks for making this thread. Nice to find something with good content to read apart from the masses of shitcoin spam
Hunter Gray
Fucking based. How did you decide on apple specific accessories? What's your monthly order number?
Matthew Price
Damn son. Are you a Chinese citizen? Have you always lived in China? Do you visit the factories that manufacture your products or do you go through a wholesaler? How long have you had the business? Do you advertise with google or social media? Are you slamming bitches down by the beach on Macau gambling benders?
Jayden Brooks
damn. nice. Why don't you sell it on empire flippers or some shit?
Benjamin Thompson
If I’m a poorfag should I worry about my stock portfolio or setting up e-commerce first? Currently got 2k in stocks and crypto
Ian Anderson
How much Amazon stock do you guys own and what are it's long term prospects? I bought some years ago and am up 5x. I feel like never selling it though because I don't see it going down.
Lincoln Green
why don't you get a job in the e-commerce warehousing industry? sellers markets are flooded, your tiny 2k stack isn't going to do shit. focus on growing your income stream, that will have a much greater impact than investing lunch money. i went from $60k salary to $140k salary in 7 years. Hoping to hit $200k in a couple years after my next career move. I can tell you the industry NEEDS JOBS warehouses around the country are raising wages and smart people to manage the box carrying mouth breather are in high demand. of you are somewhat competent you can start at $50 and move to $75k after only a year or two.
Adam Martinez
hold that shit until at least their Q4 2020 earnings. this Christmas is going to be like nothing you have ever seen. FedEx and UPS are already tapped on package capacity and holidays are expected to be a 30% jump from here. it's going to be revenue like you have never seen before. think about divesting some into more e-commerce growth companies. software SHOP, BIGC, warehousing PLD, logostics UPS, FDX, packaging IP, PKG
Eli Wilson
I’m a drug addict and already work from home
I’m better at selling stuff
Aaron Howard
Dude this is awesome, thank you.
Chase Gutierrez
sounds like a shit career if you are only looking to invest $2k. get your shit together asshole. let me guess you work from home for a call center or something you waste of life. get out of this thread you un-driven lowlife. this is for those who want to make it in life not get high and jerk off to camwhores you cuck
