So I have gathered $1000 and want to know what to do
I gathered $1000 and am wondering what to spend with it. I want to go along the edges of dropship, google ads, and things like that, what do I do?
Buy one stock and keep it. Stock market is America's elevator/escalator. Anything you do must beat that rise first, otherwise you are sliding back by hard working. Check out tesla or amazon (3000/share).
So there is a misconception about drop shipping. I'm not really a professional on the subject however from what I know drop shipping has actually shown to not always yield the expected results. Drop shipping is usually just a "get rich quick" formula from influencer types to get people to buy tickets to their talks, business start up packages, and books. If they truly were a cash cow then the drop shippers wouldn't be publicizing all of their "work" because it would take business away. From what I know about google ads that may be the route you'd like to take, a lot of small/local places don't advertise on Google or social media so helping them would not only support local business, but if you know what you're doing you'd be creating a strong local network of professionals that you may be able to use in the future.
I second this. I tried the whole dropshipping thing for almost a year and I got exactly one sale. Admittedly, I'm probably not the best when it comes to marketing, but I did have a killer website (optimized and whatnot).
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July 3, 2020, 12:52:10 AM
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Startup Lingos To The Point
How to turn an interest into a money maker. How to attract people, how to stimulate people to pay, how to make profit, how to make relations, how to keep relations.
How much do I have to give my audience so they can pay me something in return? What do they value? what problem do they search for answers on your own? I want to solve that problem.
Brand means name recognition. A lot of people knows what your company does and what you stand for. Brand is result of long campaign of consistent value provision and media cultivation. Brand helps a company reduce marketing cost.
Whether there are buyer willing to pay or not. For that to happen you must provide extreme value. The entire startup process would be based on guess before the validation. Validation happens in a market, not on the street.
Value is what you give customers beyond the price you charge. Value is effective solution to a problem. The price your customer pays reflects whether the problem is big for them and whether your solution is uniquely effective. Value stems from quality and detailed work.
Marketing means bring your product to the market and bring your message to your customer. Marketing is not salesmanship. Marketing is to penetrate the world of commerce through many barriers and existing networks.
Minimally viable business, or MVC, minimally viable company. A company that scrapes by, full of guess and hope and no traction and sales. When you give your customers things for free they all take it. But they never pay and you can never rent a table at the market.
Minimal viable product. A full artifact of a real product. Something that works ALL THE TIME. You can demonstrate the real effect on real people - not to sell hope. The MVP may not have certain non-essential bells and whistles, but it needs to have appeal value.
Customer is king
A business lives at the mercy of its customers. You provide your customers 10 dollars worth of value and they pay you 1 dollar, not knowing that your company only costs 99 cents to provide the item. The value is not the item - the value is what is attached to the item.
Company culture is based on a company making money. Once your workers are paid, they need to have a mission and aspiration so they are not bored everyday and make trouble in the work place.
A company valuation is cash investment divided by the percentage. As long as your story is good, the valuation will keep coming, and the investors will keeping falling into the line.
Return on investment
Investors are either behind family fortune (never work with them) or for rich clients as investment vehicle. Both need returns 2-3 times better than stock market darlings.
Having found what people want, not just what people may need. Your offering and their acceptance is sure, no longer a guess. You can provide it for profit, and you can indeed making living on it. Traction is sometimes called validation. You are no longer a theater. You have touched nature, and found cash vein.