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Interesting and well written. I like that the author broke the process down into what seems like something simple and repeatable. I would be interested to see t
by rnernento 12y ago
Interesting and well written. I like that the author broke the process down into what seems like something simple and repeatable. I would be interested to see the specific price breakdown along with actual hours spent on each step.
Not sure why there's so much hate here, I don't know that selling animal silicon bracelets is any less noble than most of the social startups out there. At least the article wasn't about how he resold buyers shipping information and product purchase history to Walmart...
- photorized 12y agoThe best part about it was predicting demand for something that hasn't plateaued in Australia yet, based on other, established, markets. This is essentially how Rocket VC etc make their money.
- rcarrigan87 12y agocan you provide link to Rocket, not familiar..
- mhoad 12y agohttps://www.rocket-internet.com/ https://www.rocket-internet.com/
- photorized 12y agothanks - sorry I forgot to include the link.
- nutmeg 12y agoThe article stated the total cost for the goods and shipping to Australia was $8000 and that they needed to sell 500-600 items to be profitable. $8000 / 600 = $13.33 profit per item At the end of the article they stated that they sold about 2700, which would be a profit of 2700 * $13.33 - $8000 = $28000
- rnernento 12y agoInteresting, thanks. Then the real question becomes how much time did he invest into the whole thing and what was the resulting hourly rate.