Hi everyone! I hope y’all are doing well!
So I’m a 23-year-old entrepreneur (or what I would describe myself as). I started my business when I was 18, and I’ve been going for 5 years now. Since I started, I wanted to make my first million by the age of 25. The problem I’m facing is that I live in a third-world country, and it’s literally impossible to make that kind of money without being someone’s son or government-related. Btw, I make like 6 times the average income here (average income in my country is $300 per month), which is far off the millionaire status.
Long story short, I’m in the e-commerce business, and I’m good at marketing and making sales.
I’m open to any suggestions for someone like me to advance in his business venture and try a new business or market.
If I were in your shoes. I’d start at your figure of one million. And then make a plan backwards on how you’re going to get there.
You say e-commerce, you need to calculate how many sales you need and how you’re going to achieve those sales.
A concise plan is how you achieve your goal.
I want to start an online or an e-commerce business where my earning stream is in dollar, any suggestion!
What’s your experience? What will sell in enough quantities to reach your goal?