How much research is enough?

by Ah dee
21 replies
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Hey everybody. As I start / continue researching the business of e-commerce, dropshipping, affiliate marketing, private label, etc... I feel like there is tons, and tons, and tons of information and misinformation on any topic relevant to someone with aspirations of being a successful entrepreneur in this space.

So my question is how long did you research before actually 'going live' with your business? From where I am standing right now I can't even see a launch on the horizon anytime soon.
#research
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  • Profile picture of the author jmosticc22
    I think it depends on what your experience levels are, you could start dropshipping tomorrow with an online store through shopify and small ad budget on Facebook. But private labeling takes some time to figure out what product, who to make it and who wants to buy it from you. I am not sure what the right answer is other than it takes time and when you think you found something you just have to launch and go from where you are.
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  • Profile picture of the author palmtreelife
    This isn't a simple answer. There are many factors about you at play. What is your risk tolerance? What is your budget? How much are you willing to spend to learn? What skill set do you currently possess? How patient are you?

    Regardless of what you answer to the above questions, you are going to be worse today than a year from now. You eventually need to take a leap of faith and start trying things out to see what works and what doesn't. Also, just because something doesn't work for you, doesn't mean it doesn't work. You may just need someone to show you how to do it.

    One mistake I made was waiting too long to get started because of my fear of failure. It's always less scary than we make things out to be. Set yourself a budget and stick to it. If you run out of money, try to figure out what is going wrong before investing more money and making the same mistakes and losing more money.

    At the end of the day, it's trial and error....even for the experts in here. The reason they are experts is because they have been doing this for 10 years or more and have gone through the headaches and losses, but they didn't give up.

    I would pick one of the sources of income you mentioned and focus on one for now. It's easy to get overwhelmed when you focus on too many things. Which one interests you the most? Start searching this forum for keywords related to that business model and go from there. Most of the questions you have about these models have probably been asked before in this forum, so make use of that!

    Good luck!
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  • Profile picture of the author homar
    Yes, there is too much information.

    I don't know what you mean by "going live" -but when I first jumped on the "make money online" wagon, I joined a network marketing company without really doing any research.

    My "research" started after I joined when I had to learn the basics of getting traffic -which is something you will need to learn if you decide to sell digital products online.
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    • Profile picture of the author Ah dee
      By going live I really just starting to build a niche website. I think I was just worried about having a project at a stand still because I didn't research enough before starting. What you're saying makes sense.
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  • Profile picture of the author naviown
    Hey, research is enough if you have an idea what this thing is about. You don't need to read the whole thing. What you actually need to do is put the research into work.
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    • Profile picture of the author Ah dee
      Agree there is no substitute for taking action.
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  • Profile picture of the author Daniel Evans
    It's when you've gained enough knowledge to feel confident in proceeding.

    If you're witnessing overwhelm and anxiety, it's a sign that you should be focusing in each aspect respectively, figuratively 'dip-feeding' yourself with knowledge each day.
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  • Profile picture of the author spartan14
    Well dont spend one year on researching and not making nothing .Sometimes its better to start and do some work instead of losing a lot of time and not doing nothing
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    • Profile picture of the author Ah dee
      I read somewhere that procrastination is an entrepreneurs worst enemy. Thanks for the advice.
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      • Profile picture of the author MichaelQuinn
        Originally Posted by Ah dee View Post

        I read somewhere that procrastination is an entrepreneurs worst enemy. Thanks for the advice.
        This is very true. Look out for perfectionism as well. I've noticed that many times in my life I've procrastinated things because I didn't know how to do them perfectly so I kept putting it off til a later time when I felt that I'd be "more ready". Usually that meant doing more and more research and procrastinating even longer. You'll never be more ready than you are right now. One of the most important things I've ever heard in my life came from Dan Lok when he said "Commit first, and figure out the rest later". That has helped me immeasurably in the past 6 months, both professionally and personally. Earlier this week I was watching a romantic comedy with my wife and I heard another tidbit that has stuck in my mind ever since and turned out to be quite valuable as well. The guy in the movie told the girl that he was falling for that "perfectionism is just an excuse for being a coward". It seems silly to me that what could seem like such a meaningless little line from a romcom would hit me like such a ton of bricks, but it certainly has. Little lessons can be learned from anything if we keep our minds open to the opportunity of finding them.

        Best of luck,
        Mike
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  • Profile picture of the author EdayHustle
    There is never enough research to be honest.... you need to keep searching to keeep growing...
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  • Profile picture of the author stephe joseph
    you're doing good research but as you are saying getting ton of information and misinformation so I would suggest that you should start practising with how much information you gathered beside it collect more information so if needed so you can edit it and you don't have to collect ton of information just you have to research on work what you are doing.
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  • Profile picture of the author markmiller24x7
    This is the problem with the internet, you can get tons of information about any topic which can make things more confusing and difficult to understand and this the same thing happened with you as well.

    Anyways, whatever research you have done till now, start working on it, to understand all the things deeply you need to start implementing it, once you start doing it, from there you will start learning new things which gonna help you to understand everything better.
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    • Profile picture of the author Ah dee
      Definitely going to take this advice. Thank you!
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  • Profile picture of the author MichaelQuinn
    Originally Posted by Ah dee View Post

    Hey everybody. As I start / continue researching the business of e-commerce, dropshipping, affiliate marketing, private label, etc... I feel like there is tons, and tons, and tons of information and misinformation on any topic relevant to someone with aspirations of being a successful entrepreneur in this space.

    So my question is how long did you research before actually 'going live' with your business? From where I am standing right now I can't even see a launch on the horizon anytime soon.
    I think that it's important for you to narrow down your focus and pick which type of online business you'd like to operate first ie: do you want to write a blog? dropship dodads? promote affiliate products? create your own information products? etc.

    Once you figure out what you want to do you will hopefully be able to reduce some of the "noise" that you're experiencing. There will still be a ton of information to sift through about your chosen direction, but at least you'll be able to filter out stuff that isn't relevant to that for the moment.
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    • Profile picture of the author Ah dee
      This makes so much sense. Looks like the questions you listed would have me "keep the end in mind" when I start. I am sure that will help focus the rest of my steps (kill that 'noise' you mention). Thank you for this.
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  • Profile picture of the author Ah dee
    First - thank you Everyone for your replies and advice! I apologize for the late response. I didn't set up alerts and when I first posted this question it didn't look like it was added.

    All of you have provided amazing insight.

    I think I have a solid enough idea of what I would like to do and have a list of steps. Based on what I am reading here, I will just start at the beginning of the process (finding a niche in my case) and work through learning as I go.

    I am sure experience will be the best teacher.
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  • Profile picture of the author Keira M
    Hey,
    To be honest with you, it all comes down to your drive and passion. How bad do you want it?

    Of course you don't want to jump into something blind folded with no idea of what you're doing BUT you also don't want find yourself procrastinating which can lead to you never starting.

    You always learn as you go and certain things you will never learn if you don't start.

    Believe in yourself, never be scared of failure, trust the process and take that first step and just start!

    Hope this helped you
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  • Profile picture of the author KrisKay
    The problem is that the most valuable research will only be learned after you actually take action.

    Who would you bet your money on: a kid who has spent 5 years reading books on swimming and studying footage of olympic swimmers without getting in the water,
    or a kid who has been swimming non stop for 3 months straight?


    You should research until you learn the basics, then take action, and keep learning.
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  • Profile picture of the author Muhammad Hasan
    good step some thing is better from nothing keep it up
    as time passes u will get more experience .
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