Quote:
Originally Posted by kowalski
Seems really loose, undefined and perhaps neverending.
What criteria do you have for "an item that looks good in a wholesale site"? How are you determining popularity? How do you know if you could be more competitive on price when you aren't calculating costs? What criteria do you have for the scale and distribution of an item to determine whether it is worth entering?
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All very good questions. You're right, it is somewhat loose.
If I was to talk about the popularity or potential for popularity of the area I couldn't do so without giving that game away. It's going to be a punt. Not much risk other than a couple or three hundred quid. My mate started with 200 quid.
It's the same answer for the question about scale and distribution. I can't find words that won't give it away.
I can tell you that it's not a long term market. It's going to die down at some point, and that's when I'll have to have something else ready to roll. So like I said, I'm taking a punt, just to try out the Amazon platform.
On the other hand, maybe it's not worth trying out a market that will die, and instead find one that's scale-able and can be grown, rather than completely changing products and product ranges.