How should I invest USD20k in a new e-commerce venture?

Hi all,

Would really appreciate your thought and insights. I'm fed up with Amazon and FBA and am looking for something else to do.

I'm leaning towards a clean break and trying new products as well as new channels. Basically starting from scratch.

The goal is to generate a consistent $3-4k profit per month by the end of the year.

I've looked into POD, dropshipping, and maybe private labeling something new selling through Shopify / WordPress. I've a basic understanding of how these work and the associated pros/cons. but would appreciate your insights.

My strengths & experience: Some capital, loads of free time, identifying niches/microniches, product research, keyword research, personas, negotiation, branding, optimised listings. I'm ok at customer relationships.

Areas I need to learn / improve: Driving my own traffic, fulfilling my own products (not looking forward to this at all). I'm not too worried about how to set up the shop itself.

Any advice?

submitted by /u/Saruvat
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