Unfortunately, I didn't manage to sustain the business because of the major setback that had eaten my profits. Actually, I had a high-profit margin but the number of undelivered orders was kept increasing that I couldn't make any profits at all. The payment model I adopted was cash on delivery. During those times, couriers here were not ready with this type of business. Several dropshipping businesses too experienced the same problems and gone. Not long, I decided to stop the said business without hesitation.
Now, I'm back after I've got an intuition of playing the business game the other way around. I'm still on e-commerce type of business but I don't dwell anymore with physical products but instead digital products. No more headaches of undelivered products and won't be dependent on couriers. I hope I've known this earlier.
I'm into now the concept of selling digital products particularly in alignment with my skills and passion too, which is digital marketing. This includes all sorts of digital marketing products from SEO, Affiliate Marketing, Paid Ads, Social Media, Viral Marketing, Video Marketing, and more. I hired 3 persons to help me upload all the 1,000+ hand-picked digital products before May 15 of this year.
The business idea is all new products uploaded are free to download. I'll price the product based on popularity. The more downloads the higher the price.
With my expertise in SEO, I'll make this site highly-optimized to get high rankings on search engines. Also, I'll employ other promotional strategies like paid advertising, content marketing, video marketing, and more. Also, we'll keep adding new products every day.
Let's see how far this new site will go. I'll keep this thread updated for every success and failure I may encounter. I expect too you can help me make this thing moves forward and succeed.