
Inventory Questions
Super excited to have discovered this forum, I've already learned so much in such a short amount of time. A little about myself: I'm a New Jersey native with an app business, PuxApps, and I'm trying to branch out in this eCommerce field by selling actual physical products. I already have some products listed on Amazon that I sourced from AliExpress and AliBaba, however, I know there are better (more efficient/profitable) way of sourcing items. I've identified two niches that I'd like to get started with and my questions to you all are:
What, in your opinion, have you found to be the most efficient/least risky way of obtaining an initial inventory for your stores? I have money to spend on this inventory, however, each product that I'm considering selling requires an MOQ that makes me unable to stock many different items, making it a risky venture. Did you all start off with few products and gradually increase your inventory over time? How much does dropshipping figure in your stores and do you find it to be an efficient/profitable way of selling online?
Thanks in advance for all your help. Feel free to PM me, I'm open to any and all advice at this point.
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