7 Things to Know BEFORE You Start an E-commerce Business

Summary

This video offers seven essential tips for launching a successful e-commerce business. It emphasizes the vast opportunities in e-commerce despite the perception of saturation, highlighting the importance of marketing, targeting a niche audience, and creating a strong pre-launch strategy. The video also stresses the significance of product differentiation, crafting a compelling brand story, and prioritizing exceptional customer service. Sponsored by Alibaba.com, it provides insights on sourcing suppliers and leveraging their events for business growth.

Takeaways

• 🌐 E-commerce opportunities are vast and growing, with global retail sales continually increasing, indicating more chances for new businesses to succeed.
• 📈 Direct to consumer and private labeling are booming, allowing manufacturers and brands to bypass traditional retail and maintain higher profits.
• 🎯 Marketing is crucial for visibility and sales, with strategies needing constant adaptation due to the ever-evolving field; it's often the difference between success and failure.
• 💡 Alibaba.com is highlighted as a valuable resource for finding product suppliers, with events and challenges that can provide significant support for new e-commerce ventures.
• 🚫 Avoid creating products aimed at everyone; instead, focus on niche markets to better target and satisfy a specific customer base.
• 📢 Pre-launch strategies are essential for a successful product launch, including building an audience and marketing before the product is available.
• 🔄 When selecting a product, consider making at least one change to differentiate it from existing options, addressing a specific need or solving a problem.
• 📖 Creating a compelling brand story can enhance customer loyalty and engagement, making your brand more memorable and shareable.
• 💬 Prioritizing customer service is key to long-term success, as it builds a positive reputation and encourages repeat business and word-of-mouth referrals.
• 💪 Encouragement to take the leap into e-commerce, despite the challenges, as the potential rewards are significant and learning from the process is invaluable.

Q & A

What are the seven things you need to know before starting an ecommerce business according to the video?

The video outlines seven key points: recognizing the vast opportunities in ecommerce, understanding that marketing is crucial, focusing on niche products, the importance of a strong pre-launch strategy, differentiating your product, creating a compelling brand story, and prioritizing excellent customer service.

Why does the video emphasize that ecommerce is not oversaturated?

The video emphasizes that ecommerce is not oversaturated because the ecommerce share of total global retail sales has been growing strongly since 2015, indicating that there is still significant opportunity for new businesses to enter the market.

What is the significance of direct to consumer and private labeling in the growth of ecommerce?

Direct to consumer and private labeling are significant because they allow manufacturers and brands to bypass traditional retail partners, maintain higher profits, and have more control over their brand and audience, which contributes to the growth of ecommerce.

How does the video suggest one should approach marketing for an ecommerce business?

The video suggests that marketing should be the primary focus, even before the product development, and that it requires constant experimentation and learning to achieve the best ROI. It also highlights the importance of visibility and the need for a tailored marketing plan based on the business and product type.

What role does Alibaba.com play in the context of the video?

Alibaba.com is highlighted as a platform that connects buyers with suppliers and offers various resources for ecommerce sellers, including their Super September annual event and the 50k Challenge 2020 campaign, which are beneficial for those starting an ecommerce business.

Why is it important to target a niche market for your ecommerce product according to the video?

Targeting a niche market is important because it allows for more effective marketing, higher conversion rates, and the ability to create products that cater to specific needs, which can lead to a more loyal customer base.

What is the significance of having a pre-launch strategy for an ecommerce business?

A pre-launch strategy is significant because it helps build an audience and market awareness before the product is available, which can lead to immediate sales upon launch and a more successful business start.

How does the video suggest one should differentiate their ecommerce product?

The video suggests looking at customer reviews and pain points to identify areas of improvement, and then making at least one change to an existing product to create a differentiating factor that adds value and solves a problem.

Why is storytelling important for an ecommerce brand according to the video?

Storytelling is important because it helps create an identity and an authentic relationship with the buyer, enhancing brand loyalty and making marketing more impactful by connecting with the audience on an emotional level.

What is the video's stance on the importance of customer service in ecommerce?

The video emphasizes that excellent customer service is key to the success of an ecommerce business, contributing to customer loyalty and word-of-mouth referrals, which are critical for long-term business growth.

Outlines

00:00

📈 E-commerce Opportunities and Growth

The video emphasizes the vast opportunities in e-commerce, dispelling the myth of oversaturation. It highlights the importance of understanding the growth trend of e-commerce from 2015 to 2023, which shows a strong upward trajectory. The speaker shares personal insights, wishing they had known about this growth earlier to invest more in their own e-commerce ventures. The video also touches on the rise of direct-to-consumer and private labeling businesses, suggesting that these models offer significant potential for new entrepreneurs. Global e-commerce sales are expected to reach 6.5 trillion dollars by 2021, indicating a massive shift towards online retail. The speaker encourages viewers to leverage this trend to start their businesses, arguing that e-commerce is scalable and can provide a new stream of income.

05:01

🎯 The Imperative Role of Marketing in E-commerce

This section underscores the paramount importance of marketing in e-commerce, stating that visibility is crucial for product sales. The speaker shares a personal anecdote about their failed clothing business, 'Charge Athletics,' attributing the failure to a lack of marketing. They stress the need for a robust marketing plan tailored to the business and product type, which may involve trial and error. The video introduces two types of marketing: brand awareness and sales increase. It also mentions the potential benefits of having a mentor or a marketing agency, provided there are sufficient funds. The speaker advocates for a strategy where marketing investments yield high returns, enabling business scaling and success.

10:02

🌐 Alibaba.com as a Valuable E-commerce Resource

The speaker introduces Alibaba.com as a sponsor and a platform they use for finding product suppliers. They discuss two significant events hosted by Alibaba: the 'Super September' annual event, which offers deals for small and medium-sized businesses, and the '50k Challenge 2020' campaign, which gives away $50,000 for product purchases. The video explains how these events can be beneficial for aspiring e-commerce entrepreneurs, providing opportunities to connect with suppliers, explore new products, and potentially win significant financial support for their businesses. The speaker also provides a direct link to Alibaba's Facebook page for viewers to participate in the campaign.

15:04

🏷 Targeting Niche Markets for E-commerce Success

The video advises against creating products that appeal to everyone, arguing that such products often fail to resonate strongly with any specific customer group. It suggests focusing on niche products that cater to the needs of a specific subset of consumers. The speaker explains that targeting a smaller, well-defined audience can lead to a more effective marketing strategy and higher conversion rates. They also discuss the importance of understanding the 'gold buyer' demographic to develop products that meet their specific needs. The video encourages viewers to conduct market research and use feedback to improve and differentiate their products, creating value and standing out in the competitive e-commerce landscape.

🛒 The Importance of Pre-launch Strategy in E-commerce

This section highlights the significance of a strong pre-launch strategy, which includes building an audience before the product is ready for sale. The speaker advocates for personal branding and creating a social media presence or website to attract potential customers. They share their experience with their company 'Charge,' which lacked a pre-launch strategy, resulting in zero sales on the first day. The video suggests that starting to market before the product is built is crucial for a successful launch and early sales. It also touches on the idea of differentiating the product by making at least one improvement to an existing product, which can be identified through market research and customer feedback.

📚 Creating a Brand Story for Emotional Connection

The video stresses the importance of creating a compelling brand story to establish an emotional connection with customers. It argues that storytelling is vital for building brand identity and loyalty. The speaker shares their regret for not focusing on storytelling with their clothing company 'Charged,' suggesting that selling the experience and story behind the clothes would have been more effective. They encourage viewers to consider the brand's motives, slogan, and imagery to create a strong narrative that resonates with customers. The video also mentions the example of Patagonia, which excels at storytelling, creating a community around its brand. It concludes by emphasizing that a well-crafted story can enhance marketing effectiveness and lead to long-term brand success.

💬 Prioritizing Customer Service for E-commerce

The final section of the video emphasizes the critical role of customer service in e-commerce success, using Zappos as a case study. It points out that a significant portion of Zappos' sales comes from returning customers, attributed to their exceptional customer service. The speaker advises prioritizing customer satisfaction over efficiency and cost-saving in customer service. They suggest that providing excellent customer service can lead to customer loyalty and positive word-of-mouth, which are crucial for long-term business growth. The video concludes by encouraging viewers to start their e-commerce journey, learn from the process, and apply the insights shared to increase their chances of success.

Keywords

💡E-commerce

E-commerce, short for electronic commerce, refers to the buying and selling of goods or services using the internet, and the transfer of money and data to execute these transactions. In the video, the speaker emphasizes the vast opportunities available in e-commerce, despite the perception that the market is oversaturated. The video discusses the growth of e-commerce from 2015 to 2023, indicating that there is still significant room for new businesses to succeed.

💡Private Labeling

Private labeling is a business model where a retailer's brand is attached to products that are manufactured by a third party. The video suggests that private labeling is a growing trend where manufacturers and brands can bypass traditional retail partners, maintain higher profits, and have more control over their brand and audience. It is presented as an attractive business model for those interested in e-commerce.

💡Marketing

Marketing is the process of promoting and selling products or services, including market research and advertising. The video underscores the importance of marketing for visibility and sales, stating that without effective marketing, even the best products can fail. The speaker shares personal experience, highlighting the failure of a previous business due to inadequate marketing efforts.

💡ROI (Return on Investment)

ROI is a performance measure used to evaluate the efficiency of an investment or compare the efficiency of different investments. In the context of the video, the speaker discusses the importance of achieving a positive ROI from marketing efforts, where the money spent on marketing should generate more profit than the cost of the marketing itself.

💡Alibaba.com

Alibaba.com is a Chinese multinational e-commerce company that provides consumer-to-consumer and business-to-business sales services via web portals. The video mentions Alibaba.com as a sponsor and as a platform where the speaker sources product suppliers, highlighting its role in facilitating connections between buyers and suppliers globally.

💡Niche Products

Niche products are specialized products that cater to the needs of a specific segment of the market rather than trying to appeal to a broad audience. The video advises against creating products that aim to please everyone, suggesting instead that niche products are more likely to succeed because they can meet the specific needs or interests of a defined group of consumers.

💡Pre-launch Strategy

A pre-launch strategy refers to the actions taken before officially launching a product or service to the market. The video stresses the importance of having a strong pre-launch strategy, including building an audience and marketing before the product is available, to ensure a successful launch and initial sales.

💡Differentiation

Differentiation in a business context refers to the unique features or characteristics that set a product or service apart from competitors. The video encourages finding a way to differentiate a product, even slightly, to create value and stand out in the market. This could be through design, functionality, or price.

💡Storytelling

Storytelling in branding is the art of conveying the narrative behind a product or company to create an emotional connection with consumers. The video suggests that creating a story around a brand can enhance brand loyalty and marketing effectiveness by making the brand more relatable and memorable.

💡Customer Service

Customer service refers to the assistance and support provided to customers before, during, and after a purchase. The video emphasizes that excellent customer service is key to the long-term success of an e-commerce business, as it can lead to high customer loyalty and positive word-of-mouth marketing.

Highlights

E-commerce opportunities are vast despite the perception of saturation.

E-commerce has been growing strongly since 2015, indicating more opportunities today.

Direct to consumer and private labeling is growing at an extremely fast pace.

Global e-commerce sales are projected to reach 6.5 trillion dollars by 2023.

Marketing is crucial for visibility and is the first priority in e-commerce.

The importance of understanding marketing before outsourcing it to others.

Marketing strategies should be tailored to the business and product type.

Alibaba.com is a valuable resource for finding product suppliers.

Alibaba's Super September event offers deals and connections for e-commerce sellers.

Targeting a specific customer demographic is more effective than trying to appeal to everyone.

A successful pre-launch strategy is essential for initial sales and brand awareness.

Differentiating your product by addressing customer needs or solving problems is key.

Creating a story around your brand helps build an authentic relationship with customers.

Customer service is key to long-term success and brand loyalty.

Personal branding can be a powerful way to build an audience before launching a product.

Investing in customer happiness through excellent service interactions pays off in the long run.

Transcripts

in this video i'm going over the seven

things you absolutely have to know

before starting

a successful ecommerce business that

brings great profits these are the

things i wish i knew before starting

because if i did it would have made my

life a lot easier

if you follow these tips i guarantee you

that you'll have one a better vision to

a more successful launch

and three a long lasting company that

pays you for years and years this video

is sponsored by alibaba.com so i want to

say thanks to them anyways

let's get started the first thing you

need to know about ecommerce is that the

opportunities are

vast a lot of people think that

e-commerce is oversaturated

and that it'd be impossible for them to

start up a successful business the truth

is that yes it is harder to start an

e-commerce business today than it was

maybe five years ago but there is still

so much more opportunity available and i

really want to make this point clear

because i think a lot of people are on

the edge of

starting a business but just never

follow through with it because they get

discouraged let's take a look at this

chart which shows the ecommerce share of

total global retail sales from 2015 all

the way to 2023. as you can see

e-commerce has been

growing very very strongly since 2015

with the year-to-year growth

getting higher and higher and higher

this shows that there is more

opportunity today than there was maybe

five years ago i think that if i had

known this i would have put a lot more

time and effort into my own ecommerce

ventures which i do now on the side but

they aren't my main focus

make sure to check out my 10 sources of

income at age 28 video if you want to

see what other things i do but yes

ecommerce is one of my side hustles it's

not one of my main businesses but seeing

this growth of ecommerce

absolutely makes me think hey maybe i

should spend more time

on my ecommerce businesses the fact is

that direct to consumer

and private labeling is growing at an

extremely fast pace

manufacturers and brands are realizing

that they don't need to work with these

retail partners they can bypass them

keep their profits high and be more in

control of their brand and their

audience

so that is where you come in that's

where you come in with that private

labeling there are so many different

opportunities in this field and i

suggest you guys

if you're interested in e-commerce in

any way do some more research into this

business model it's

such a great way to make money and it's

not just the us global ecommerce sales

will top 4 trillion dollars in 2020 and

reach 6.5 trillion dollars by the year

2021 every retailer is shifting more and

more towards e-commerce

investing more in their digital

footprint as well as their online

presence

even chipotle is investing heavily in

their online platform so if restaurants

are doing it then of course

retail is like 10 times more likely to

basically my point is that there is so

much opportunity for you to do well

in this space there's always going to be

way more consumers as there are creators

and sellers and there is a never-ending

and growing group of people who buy

everything online so take advantage of

this huge shift

to start your own business this first

point should really speak to you if

you've been on the fence of starting

your own e-commerce business and think

that e-commerce is something that is

one too late to get into or too too hard

to get into it's not too late people are

starting e-commerce businesses

today and a lot of them are seeing

success and two regarding the concern

that it might be too hard well yes it is

a hard business to get right but if you

are able to succeed

it's gonna change your life completely

and create a whole brand new stream of

income for you it's also extremely

scalable which is one of the most

important things i look

into before starting a business all

right next up is the fact that

marketing is king this is stuff that you

really should know yourself

before you hire it out to other people

first there are hundreds of ways to

market and get sales and it's a field

that's always evolving so you constantly

have to be

experimenting or learning in order to

get the best roi

return on your investment now why is

marketing so important

i think the main factor is visibility

without visibility

no one will buy your product because no

one will see and no one will know that

it exists it could literally be the best

product in the world but without

adequate marketing it's going to be

very hard to succeed and you know i've

learned this personally the hard way

with my first clothing business called

charge athletics this company ultimately

failed because i just did not understand

the importance

of marketing i spent so much time

building the brand

building the clothes designing them

getting them made that i didn't apply

any effort into the marketing side and

so while i think that my products were

pretty good the fact is that

not enough people knew about the brand

and i was also very stingy with my

marketing dollars i'd run one campaign

stop it after spending maybe 20 and just

be like why don't more people know about

my brand well it was because of the

lack of marketing i really wish i had

this expectations before starting my own

first e-commerce brand because you know

it affects your priorities

i always like to say that marketing is

first and your product is a close second

there's two types of marketing

the first is to raise brand awareness

and the second is to increase your sales

you want to have a marketing plan and

this marketing plan totally depends

on your type of business and product for

some instagram influencer marketing

might be the best roi

for some youtube ads google ads

sponsored posts social media

those could be a lot better it does

involve a fair degree of trial and error

so you have to enter with the

expectation that the first

few dollars that you spend on marketing

aren't going to fully work out but if

you keep trying and trying you will

stumble upon

a type of marketing strategy that works

for your brand or company a mentor will

for sure help and a marketing agency

would be great but that's only if you

have the money to spend there's gonna be

a time where

every dollar you put into your marketing

strategy is gonna generate let's say

three five even ten dollars of profit

when this does happen you can

scale this campaign and that's really

going to help you make your brand

successful all right so now let's talk

about alibaba.com who's the sponsor of

this video they're the first company

i've ever worked with to sponsor a video

and i'm super happy because i use

alibaba.com

to find all my product suppliers and

chances are 99 of you guys will as well

we'll go over two events that they're

hosting for e-commerce sellers that you

guys will find

super helpful basically they connect

buyers all across the world with over

100 000 suppliers on their ecommerce

marketplace they have over 40 different

product categories

and you can search for good products to

sell send buying requests get quotes and

work directly and safely with

suppliers right now they are having

their super september annual event which

helps small and medium-sized businesses

find great deals on new products to sell

it's a live stream event where you can

connect directly with suppliers

as a buyer you can browse new product

assortments and design solutions in 3d

reality and virtual showrooms so if

you're thinking about starting your own

e-commerce business then this is the

perfect event for you and i totally wish

i had something like this when i first

started they'll have tons of big

discounts for buyers during the super

september event so i'm positive that it

can save you a lot of money for example

they do have benefits like reduced

transaction fees

60-day payment terms without any fees as

well as big discounts on shipping costs

the second thing i want to talk about is

that they are giving away

50 000 to spend on products as well as

30 other winners of smaller products

it's called their

50k challenge 2020 campaign to enter

follow alibaba.com on facebook and then

share your own 2020 business story so

basically like

what your business is how you got

started the roblox you faced

your successes and pretty much anything

else you want to share share the post

with your network

and then take a screenshot of your post

and send it to them by the deadline that

is listed on their facebook page the 20

posts with the most likes by september

21st will move on to the next round

there a panel of judges will select one

winner who will win that fifty thousand

dollars to spend on products and they're

also picking 10 best stories

every week for other special prizes so

if you potentially want to win 50 000

to start off your e-commerce business

then this is a pretty cool opportunity

i'll post a link to their facebook page

below so that you guys can enter all

right

back to the video all right next up is

that your customers should not be

everyone this is a very important part

because i think that a lot of

new e-commerce people think that if they

make a product that appeals

to everyone then everyone will want to

buy it the truth however is that if you

do have a product that appeals to

everyone

that product will likely only appeal to

everyone a little bit

certainly not enough to get them to buy

there's a certain tipping point or a

hump that the customer has to get over

in order to buy your product and based

on past experience general products

are just not likely to make that cut

instead that customer is likely to just

purchase something that's more

specialized or more directed at a

certain need the most successful

products and this

is especially true for private labeling

are niche products

this is a type of product that you don't

think that there would be too much

demand for but there actually is

so when you are creating your first

product just note that it does not need

to appeal to everyone and like i said

before it actually

should not appeal to everyone it should

be a product that clearly fits the bill

for a small group of people like for

example

rose gold rimmed plastic cups or a

journal with specific prompts or

questions

that only a small subset of people would

like aiming your product at a smaller

audience

also helps with your marketing return on

investment no one has enough money to

market to everyone in the world

so don't even think about it instead

what you want to do is you want to

market towards a specific crowd of

people and for most the more narrow this

crowd is

the better not only does it make your

marketing budget smaller but also makes

it far more effective and it makes your

conversion rate

way better as well so think about your

gold buyer their age their demographic

their interest their location their

gender their values and that is

something you need to have in mind

when developing that product if you can

pinpoint a certain type of person that

is most likely to buy a product

then that is a great sign the next thing

i want to talk about is the fact that

your pre-launch is more important than

you think a lot of people think that if

they make a good product then sales will

start flowing in

the moment they launch it however you

guys this is just not true there's just

too many different products

brands or services in the world and the

fact is that without a proper pre-launch

strategy

no one is going to buy your product on

the first day it's launched one crucial

thing that a lot of companies miss

is starting to market before they create

the product

this can be done by creating an audience

a newsletter a website or a social media

account before the product is ready to

sell a lot of successful e-commerce

companies are started way after that

initial audience

is created and this is why i'm such a

big fan of personal branding this is one

of the most powerful ways to build an

audience before you ever start a company

and by having a successful personal

brand

you have this pre-built audience who's

going to support whatever business you

have

in the future the same goes for a

popular website or a social media

account with a lot of followers as long

as these accounts are targeted to

specific interests then they should

react

pretty well to any future marketing for

a company that you create the sort ties

into marketing but this type of

marketing is done

way before a product is built and even

before a product is conceptualized this

is the number one way to guarantee that

your company has a successful launch

and sees sales at the beginning as you

guessed my company charge did not have a

good pre-launch strategy so on the first

day we launched i got

zero sales all right so the next thing

on my list is when you find a product

and you start building a product

you have to change at least one thing

about it this differentiating factor is

probably going to be tied to some type

of solution

for a problem but i have to emphasize

that you don't need to

completely reinvent the wheel if you're

trying to create a product you know what

you want to do is

take an existing product and ask

yourself is there one thing that i can

change about this that is going to make

it better

it can be the price the design the color

dimensions functionality etc we don't

need

more sellers selling the exact same

product what we do need is more sellers

finding solutions to

existing problems creating something

that is a little bit better and then

selling that that is when you create

real value and that is also when you can

differentiate your product

from the competition so how do you do

this well one of the best ways to do

this

is to look at reviews of the types of

products you're trying to sell

look for certain pain points or common

feedback that you see in multiple

reviews

take that and use it as free market

research for your type of product and

then of course

implement it before starting ecom you

just need to know that differentiation

it essentially

keeps your competition farther away and

it's giving value to your customer you

aren't giving value to your customer

if you're selling them the exact same

thing that everyone else sells but you

are if yours is a little bit different

aka it matches their needs a little bit

better or is just an improved product

overall all the products i've ever sold

in my entire life

have always had some type of

differentiating factor

i've done bundles i've done different

dimensions and sizes that i thought

would work better and i've also made

cheaper alternatives to name a few this

is an important strategy that i

definitely recommend

implementing in your first e-commerce

business because without it

your life is going to be a lot more

tough all right another thing that is

imperative to the success of any brand

especially its long-term success is

creating a story around that brand i

know this sounds sort of cliche but

storytelling plays such a vital part

in creating an identity as well as an

authentic relationship

with the buyer not only does it help

with your brand loyalty but it also

helps with your marketing so when you

are marketing using like a story or

emotions

this allows that ad or whatever it is

you're using to connect with the

audience on a whole different level so

that's really why i wish i knew this

before i started it would have changed

the way that i

shape the brand for example the motives

the brand slogan and images

and probably most importantly the

website for the website i totally would

have changed the way that i portrayed

the brand for example with my clothing

company charged

instead of selling the clothes and how

great they were i should have tried to

sell the story and experience of

actually wearing the clothes people like

to buy not only a product but also the

story behind it and when they do

participate

in the story that creates a big win for

you for example take a look at the brand

patagonia who does such a good job at

this their buyers

completely feel like part of the brand

when they wear their clothes so this

will not only boost your short-term

growth although you know it is harder to

market initially with a story than

versus just peer marketing but it also

ensures that your products and your

brand

last a long time a story is hard to

create but it's like building equity in

your company the stronger you get your

story be more efficient your

marketing will be and hence you will

have a better return on investment it

also encourages people to

share the story and the brand this word

of mouth will pay

huge dividends throughout the course of

your business alright the last thing you

guys need to know before starting your

ecommerce business

is that customer service is key if you

take a look at some of the most

successful e-commerce businesses

one key reason why they succeed is

because of their customer service

for example take a look at zappos and

their ceo tony 75

of their purchases are from returning

customers so you can see that they are

extremely loyal and also about 44

of the customers heard about them

through word of mouth a huge contributor

to this is how they treat their

customers their ceo tony shea is

known for his unconventional approach to

customer service he has said that his

goal with customer service is not to

save money and it's not to be

highly efficient instead the only metric

that he uses is how happy and how

satisfied that customer is

at the end of that service interaction i

wish i knew this before starting my own

ecommerce businesses because you know

lots of businesses

they just don't prioritize customer

satisfaction as they should

and this is another means of

differentiation but it's more on the

company level

and not really the product level placing

your customer first places

money into your future business and

gratitude bank account the more positive

customer service interactions

the more full this jar gets so this

point is crucial for both you as the ceo

as well as any customer service

representatives that you hire in the

future

you have to train them well and you have

to make the priority of top-notch

customer service extremely extremely

clear

i guarantee you that any of those extra

minutes you spend making the customer

happy or any extra dollars you spend

making them happy will pay off in the

long run plus it's just a better way of

running a business so yeah you guys

those are my biggest takeaways

things that you need to know before

starting your own ecommerce business

it's not easy and it certainly takes a

lot of time to set up

any good business but the more you wait

the harder it's going to be

so you know i just really encourage you

guys to take that leap and learn from

the process

i'm so grateful that i took the chances

with my own e-commerce businesses and

yes some of them have failed and some of

them have been successful but really you

don't know until you try so yeah

hopefully you guys found this video

helpful if you did

make sure to share it with a friend

who's thinking about starting their own

ecommerce business and hey drop a like

and subscribe if you want to see more

content just like this i make a ton of

videos about personal finance

investing in entrepreneurship thank you

so much and i'll see you guys in the

next video peace