I have FTSE Global All Cap Index Fund Accumulation and Global Equity Fund - Accumulation. I prefer global funds. I'm not American. These may or may not suit you. I didn't do hardly any research but just picked two that seemed good. If I was American, I might choose some US index funds instead.
Awesome. Last question! Did you/would you in future use a platform like Shopify or would you take the time to develop a website yourself? Or use WordPress as a happy medium?
I would definitely use Shopify. It's perfect for ecommerce. WordPress is awful. No point developing my own when Shopify already exists. Do you have any products in mind.
Thank you. I thought Shopify would be the easiest to get up and running but not ideal for the long term for a few reasons eg limited customisation, slower than a custom site (not ideal for SEO) etc. I could be wrong or my thinking could be outdated.
I don't have any products in mind, I've spent the last 2 years or so trying to think of the perfect product or products but I'm getting to the point now where I think it's better to just start with something
Yes, it's really tough these days. Finding good products with enough profit margin is impossible for most people. It takes a lot of hard work. I'm going to be writing a few posts about ecommerce soon, so stay tuned.
What index funds do you invest in?
I have FTSE Global All Cap Index Fund Accumulation and Global Equity Fund - Accumulation. I prefer global funds. I'm not American. These may or may not suit you. I didn't do hardly any research but just picked two that seemed good. If I was American, I might choose some US index funds instead.
I enjoy your content and look forward to more.
Thanks. Much appreciated.
Thank you. I'll look into those.
When you say e-commerce do you mean dropshipping or actually selling your own products?
Neither. I bought in bulk.
Nice. And did you sell multiple products on the one store or just one product?
The store had around 50 different products. I started with just one though. It took around 6-12 months to build up.
Awesome. Last question! Did you/would you in future use a platform like Shopify or would you take the time to develop a website yourself? Or use WordPress as a happy medium?
I would definitely use Shopify. It's perfect for ecommerce. WordPress is awful. No point developing my own when Shopify already exists. Do you have any products in mind.
Thank you. I thought Shopify would be the easiest to get up and running but not ideal for the long term for a few reasons eg limited customisation, slower than a custom site (not ideal for SEO) etc. I could be wrong or my thinking could be outdated.
I don't have any products in mind, I've spent the last 2 years or so trying to think of the perfect product or products but I'm getting to the point now where I think it's better to just start with something
E-commerce seems so lucrative but such a tough barrier for breaking in. I’ve heard the drop shipping era is over
Yes, it's really tough these days. Finding good products with enough profit margin is impossible for most people. It takes a lot of hard work. I'm going to be writing a few posts about ecommerce soon, so stay tuned.
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