Thread by @amadonxl

How to stop working for others in e-commerce business..

IS A THREAD...

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Many people think they are into e-Commerce business but they are actually working for courier advertisement company

Here is how to stop working for them....

- Don't sell any products below N10k (Doing more is better)
- Follow your delivery company from A-Z,else you go bankrupt

Let's do a little calculation

If you buy a product for N1000 (Including shipping fee and all) and sold of for N6000.
Let's assume you bought 50pcs for...

a start

That means

1. N50, 000 => Buying Price

2. If you are spending about N500 on advert to get an order.

That's N25,000 => Advertisement

3. Shipping fee is N2000 each(outside lagos) => 100,000

4. Miscellaneous => N10,000

And let's say you got 70% delivered which will give you 35*6000 = N210,000

Let's calculate your profit

N210,000 - (50,000 + 25,000 + 100,000 + 10,000)

N25,000 PROFIT

Measly 25k and you think you are in business
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Now, let's calculate if you are selling at N10k each...

1. N50, 000 => Buying Price

2. If you are spending N800 on advert to get an order.

Tha will N40,000 => Advert

3. Shipping fee is N2000 each(outside lagos) => 100,000

4. Miscellaneous => N10,000

And let's say you got 65% delivered which will give you 33*6000 = N310,000

Let's calculate your profit

N310,000 - (50,000 + 25,000 + 100,000 + 10,000)

N125,000 PROFIT at the end of all

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So, you could get N125k as profit or N25k as profit depending on what you use to get.

You can get this results...

within few days

As for the 70% delivery,it is juast an example,i do 90% delivery using some trick.

Get started and i will see you at the top

Regards

Donatus

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