Need some serious advice please. Ok so my 15 year+ e commerce business came to an end basically the lockdowns cost of living brexit etc and other things made it no longer a worth while income. Over the past year I have been trying to desperately get a job here in UK with my CS degree with no luck at all and have went full time in my soul destroying retail job. I have a child now and rent but we can barely afford anything extra like pensions good food etc. Since Ive had no luck getting a job ive thought about starting a new business because realistically it could be the only way to make a lot or even just more money. I would rather have a better job for stability etc but the market sucks big time. Trouble is i cant think of anything I would like to do and feel mentally drained just thinking about it and how much everything sucks right now. I was thinking of doing a computer developer business but everyone is trying to do that and overseas work for buttons plus it will be hard to get work done on time for clients with my ft job and baby etc. I was considering “inventing” making and selling my own product but marketing is expensive. I just feel like all ways to make money legally suck right now. I would love to buy a brand new gtr though and retail will never allow that. What do yall advise please?
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You have a marketing background- from running your own e-commerce, that sounds amazing- you should perhaps sell your skills ?
How about another ecommerce store? The lockdowns are over, so can your old one make a comeback? Or try anew niche.
If I would do another it would be my own products id make but have no real budget for marketing etc plus its rare for one to take off big. No I cant make a return with that one and wouldnt really want to. it was a buying selling store. I just dont have the storage space for a tonne of stock anymore. The markets are all different. Buyer habits are different. Cost of running is a lot higher etc. Sources are drying up.dont want to have to hoard a load of stock anymore it affects your mental health a lot.
Yes, it seems to have got much harder these days.
You can store products in a fulfillment center. They do everything for you. You ship the stock to them, they store it and ship it. You have nothing to do except send them the orders once a day. Most can get the orders directly from your website so you can skip sending the orders as well.
I used to do that but they made it harder and more expensive. I dont want to do that type of business again.
That’s interesting but it saved me money and made my life so much easier. But it depends what you ship. I shipped heavy items and wasable to get big bulk discounts on shipping from the fulfillment center. Also, all my stock wouldn’t have fitted into my home. And finally, i still worked a 9-5, so wasn’t at home to ship anyway.
I’m not sure I’d do it again though.