I’ve never bought and resold products before, but a few weeks ago I had this idea to customize certain types of shoes with band patches and sell them to fans in band groups, in a 50% markup. When I had the idea, I bought a couple pairs of shoes to start out, we took in almost $500 this week alone, but I have made so many little mistakes that I feel like I have taken a vow of poverty, where I have to cover some orders with the little bit of money that I have from other orders that people put in with cash. Then Shopify basically locks up all of my money for multiple days… When do I get rich? This is not what I was expecting.
How much $ = rich?
50% markup is too low