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Rent a spoons
There's alreay
Rent a spoons
There's already a Rent-Em-Spoons
You can still do it. Just don't fall for any of the "gurus" courses. You're probably not going to make a million net in the first year.It may be more difficult now because of more competition but look up "amazon private labeling" if you're good with SEO and figure out amazon's A9 you can make millions. srs
If you're not revising or making your own product it's no point. Private labeling can just be changing the colors and slapping your own label on it. But that does nothing because the next man can undersell you and you're on the race to the bottom. Never compete on lowest price. It's a lose lose.
If you choose to go this route, use Amazon as a channel and not the only platform. I know folks who used to do 6 figure a month on Amazon and if they get shut down, they're out of luck. Not to mention that they're Amazon's customers and not yours. You don't get their information to build future funnels or anything.
Hardest tasks for me when I did this were finding trust worthy suppliers, a lot of these Chinese manufacturers know folks want the get rich quick scheme so you have to weed out the bad ones and go with your guts. Also ask for samples and hire 3rd party to do QA testing before it leaves the country. I got burned with this before. Contact a professional to help with the best way to transport. The duty can be $$$.
I would stay away from a physical store. That $15k is going to be sucked up fast between rent and other overhead not to mention other nuances like obtaining licenses.
Stay away from trends. People opened yogurt shops when Pinkberry became popular and most around the area closed. Same with boba shops. That was popping around 2003-2008/9 around here.
My advice is to never jump into something because of peer pressure. Money is out there in abundance. School yourself first. Get some mentors.
https://www.score.org is a great source to finding local mentors that doesn't cost anything. You can browse them and see what they're experts in. Make an appointment and absorb their knowledge. These older dudes are willing to drop gems on you if you're humble and not entitled like what millenials are perceived to be.
Good advice. Thanks for that. I figure useful items do well on Amazon like phone accessories that people have to replace often, right?
Real estate. Use an FHA loan. Cop a 4 unit apartment in the Midwest. Stack rents.
this. catch a fixer upper near the new Dome.
Yeah, I was thinking about looking at some properties around the Bluff. I'm liking the vending machine idea though... That's easy to scale and can be low maintenance, but I'm not sure how quick that return would come... But I can already think of some good locations...