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My former one-person online biz (2013) is now 10 people - we run Amazon end-to-end ops for a few large brands and manage ~100k SKUs -- basically the work is all
by binarysolo 7y ago
My former one-person online biz (2013) is now 10 people - we run Amazon end-to-end ops for a few large brands and manage ~100k SKUs -- basically the work is all operations research + grunt work. We do mid eight digits in revenue.
A friend of a friend was the COO of a brand, spent a couple mil to position themselves online strategically, but that team couldn't deliver results. As a grad student in ML I spent a disproportional time procrastinating on Craigslist and Slickdeals and flipping inventory between those venues, SUPost (school-centric CL basically), and eBay, so I ended up being rather saavy at ecommerce. I offered to help out their store, then took it over when I got some initial results.
Ironically I think from a pure EV standpoint I shoulda stayed with my ML degree - my friends in the same cohort are averaging a mil a year in combined salary + bigcorp options. There were a lot of heartache and sleepless nights associated with running a company, and looking back honestly I would've had a more peaceful life toeing the 9-5.
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I have a few one-person side projects right now concurrently that are providing five-digit revenue that are hard for me to scale, but are enjoyable for me to do:
1. Domain expert in a hobbyist niche with high gatekeeping (skill and/or money) - I create a couple high quality content a year and make residuals off affiliate fees.
2. I flip small businesses in a very specific niche of ecommerce when they don't layer into my big business.
Note: this seems mildly prolific but honestly I have between 2-5 ideas a year of which I try to execute on 1-2 of them. I think of them as cognitive surplus, "Art projects for Fun and Profit-TM". Most ideas end up not working out, so the payoff really has to be about the process, not the result.
- noobly 7y ago>I spent a disproportional time procrastinating on Craigslist and Slickdeals and flipping inventory between those venues Did you do this manually, or did you have some automation to help you out (finding deals, relisting, etc)? If so, what did that look like? And, out of curiosity, what's the hobbyist niche?
- binarysolo 7y agoSemi-automated -- with CL you have (had?) RSS feeds that post search queries to you, now I think there are email options as well? I wrote my own reader for fun and it would basically ping me when a certain combination of items hit the site - say "lot Aeron" or something to that effect. The hobbyist niche is a pricey and time-consuming athletic activity. :)