Interesting. And if I wanted to outsource reaching out to places like 7-Eleven, who would I be looking for?
Edit: sorry I mean what kind of person, sales guy?
Interesting. And if I wanted to outsource reaching out to places like 7-Eleven, who would I be looking for?
Edit: sorry I mean what kind of person, sales guy?
It’s the industry margins and there’s no avoiding amazon as a marketplace for the industry either. I get what ur saying and I appreciate the feedback, but it’s a constraint I have to work in.
There are other avenues that I can explore in the future but as u say, time+risk.
The benefit is the learning. That’s why I’m doing it. I’m here asking for advice for other ways I can learn from this while knowing this is a loss project.
Yeah I dunno if I’m being silly here. A lot of the feedback has me questioning if I’m wasting my time with this project.
I’m really just hoping to learn from the experience. I don’t have free time to explore all of this myself and a lot of what I hope to learn will be valuable in scaling my other business in the future.
And doing training courses will take time plus money. Any time spent on learning will be less than I’d earn just working, and at the end of the day I’d probably hire out anyway.
I appreciate the feedback. Thanks!
Oh right. Fair point. Sorry, this is why I’m doing the trial.
It’s the net based on production, storage, and distribution.
I understand but I simply don’t have the time sadly. I’m happy to spend this budget and lose the money if it gives me a good insight into the while process.
Yeah thats fair. It’s my industry sadly 🤷♂️ not expecting big bucks off of this. Just a mvp to learn. It’s around 63% margin and it’s net.
My actual business has higher returns but is currently a service based model. Once I learn from this I can easily jack up the profit line, it just requires a lot more logistics and scaling. I’ll do it eventually but starting small for this first one.
Thanks I’ll check them out. I’m not US based, is that gonna be an issue?
It’s a low cost stress/anxiety relief toy. Target audience would be the adults using fidget spinners, infinity cube, colouring book, that sort of thing. Like ‘an activity a day keeps the anxiety away’, if that makes sense.
Thanks! Yes it’s a consumer product. A low cost stress/anxiety relief toy. Target audience would be the adults using fidget spinners, infinity cube, colouring book, that sort of thing. Like ‘an activity a day keeps the anxiety away’, if that makes sense. It’s a little weird but I’ve done some consumer testing and seems to get a lot of appeal.
Is the socials stuff something I’d expect from the marketing person or that I would do myself/hire out elsewhere?
Thank you! I’ll check it out