Comments on: PART 3: Rebuilding a $1M Ecommerce Business – First 60 Day Results https://www.ecomcrew.com/relaunching-an-ecommerce-brand-first-60-day-results/ Start and Grow Your Ecommerce and Amazon Business Wed, 23 Feb 2022 00:44:24 +0000 hourly 1 https://wordpress.org/?v=6.5.3 By: Matt https://www.ecomcrew.com/relaunching-an-ecommerce-brand-first-60-day-results/#comment-9144 Mon, 08 Apr 2019 16:05:19 +0000 /?p=10695#comment-9144 In reply to Dave Bryant.

Thank you, great content, thanks for sharing

]]> By: Dave Bryant https://www.ecomcrew.com/relaunching-an-ecommerce-brand-first-60-day-results/#comment-9143 Mon, 08 Apr 2019 15:48:55 +0000 /?p=10695#comment-9143 In reply to Matt.

Yes, but the first order was only 100 units in total for around a $10,000 first PO. This was an exceptionally expensive product. Most of our products COGs is around $20-40. My rule of thumb is that you need 10-20% of your annual revenue number in inventory. So for $1m you need $100,000-200,000 in inventory. Cash flow is one of the most important things, for better or worse, in our industry.

]]> By: Matt https://www.ecomcrew.com/relaunching-an-ecommerce-brand-first-60-day-results/#comment-9130 Mon, 08 Apr 2019 04:26:12 +0000 /?p=10695#comment-9130 Thanks for this Dave, this such good information.

If I’m understanding this correctly, you ordered 2 products at a volume of 100 units each and an average cost of $110 per unit. That’s about $22,000 in inventory.
After the first month you ordered 8 new products, if I can assume the same unit cost, that would be an additional inventory cost of $88,000.

I’m not malevolently trying to figure out your inventory costs, just trying to understand the level of cash outlay this would take to achieve, are these numbers directionally correct?

Thanks again

]]> By: Chad https://www.ecomcrew.com/relaunching-an-ecommerce-brand-first-60-day-results/#comment-8417 Wed, 20 Mar 2019 14:43:25 +0000 /?p=10695#comment-8417 Great content here Dave, many thanks!

]]> By: Dave Bryant https://www.ecomcrew.com/relaunching-an-ecommerce-brand-first-60-day-results/#comment-7850 Thu, 28 Feb 2019 17:15:20 +0000 /?p=10695#comment-7850 In reply to Mengnan.

It happens to the best of us! The big key is to find something that you can differentiate yourself on.

]]> By: Mengnan https://www.ecomcrew.com/relaunching-an-ecommerce-brand-first-60-day-results/#comment-7782 Tue, 26 Feb 2019 15:10:57 +0000 /?p=10695#comment-7782 I think my 1st product totally failed after the first two months (only sold 3 out of 200 until Feb 26th). I realized I’m competing with dirt cheap Chinese factories. Made nearly most of the mistakes you mentioned…Now gotta liquidate inventory next month probably and start over.

]]> By: Dave Bryant https://www.ecomcrew.com/relaunching-an-ecommerce-brand-first-60-day-results/#comment-2587 Tue, 10 Oct 2017 15:02:03 +0000 /?p=10695#comment-2587 In reply to John Dumero.

Hopefully I was able to help fill that information void a little bit :)

]]> By: John Dumero https://www.ecomcrew.com/relaunching-an-ecommerce-brand-first-60-day-results/#comment-2583 Mon, 09 Oct 2017 13:24:42 +0000 /?p=10695#comment-2583 I currently don’t run any ecommerce business. But in my opinion the biggest obstacle starting is getting enough information (and being convinced you have enough) to successfully start it up

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