5 ms·
Back in college I started Alphalux, A men’s accessories mostly bracelets business. I was a full time college student and was working at a pharmaceutical company
by josephmxm 8y ago
Back in college I started Alphalux, A men’s accessories mostly bracelets business. I was a full time college student and was working at a pharmaceutical company full time. I would custom order bracelets at Alibaba with my logo on it. Would pay wholesale price of $0.75 per bracelet and would sell it for $10-$30 dollars on Etsy and my website. It was fun while it lasted. I was making $3-4K a month until dropshipers ruined the market.
- jlmendezbonini 8y agoWould you mind sharing how dropshipers ruined it? I’m not a dropshipper myself, but I know a couple of people who have gotten into it.
- Sileni 8y agoNot OP, but I've done some work in the space. The market is just saturated now. It takes such little effort to start a dropshipping "business" that unless you have a really unique angle or spend absurd amounts on marketing, you'll probably make somewhere in the range of peanuts to beer money. Even if you do find a successful niche market, it won't take long for a low budget clone to jump in, which invalidates a lot of the up front work in marketing and product validation.