I'm a serial entrepreneur who is joining the ecommerce game. I own a dog spa, dog hotel, salad bar, and pet supply store. I want to scale and join the world of ecommerce not only because of the great potential for profit, but to build an empire. I plan to research heavily over the course of the next few months and think about what niches I want to break into. I found a few products on Etsy and Alibaba that are wildly cheap that I can markup and reach 60%-70% margins and the demand is there (tech accessory). I'm going to start here.
- When you were just beginning, what do you wish you would have known?
- What amount of inventory should I have on hand at all times to ensure I never run into a situation where I have buyers but no stock. I want to run as lean as possible but not lean to the point where I'm waiting on inventory.
- Any podcasts that you would recommend?
- Any books that you would recommend?
Thank you in advance.