Apr 07, 2022
In General Discussions
You might buy 500 T-shirts from a supplier for $15 per unit, but then sell those T-shirts for $30 per unit on your eCommerce store. If you managed to sell all the shirts, you’d make $15,000, doubling the $7,500 you spent purchasing the stock from the supplier. If you don't sell all of the shirts, your profit is less, and you still need to store that inventory. An example of a wholesale success story is Watch Outfitters — an eCommerce store with more than $13,500 per month in revenue. Watch Outfitters source watches from vendors in the U.S., Europe, and Asia and sell them via an online store Screenshot showing a store that sells women MANUFACTURING If you want to create something a little more unique, you could find Telemarketing list a manufacturer to produce products for you. This approach can prove quite costly, especially if you want to manufacture your products in the U.S., but it can pay off if you want to create a product unique to your brand. UgMonk has shipped tens of thousands of products to over 60 countries around the world. When founder Jeff Sheldon first started out he turned to manufacturers to produce high-quality screen-printed T-shirts for his brand.[*] Screenshot showing bestsellers on Ugmonk 3 STEPS TO BUILDING YOUR ECOMMERCE BUSINESS MODEL So what have we learned in this article... Here’s a quick recap on how to make the perfect eCommerce business model.