Hey everyone, I have a question.
I quit my job in March and took a $5K credit loan to start my own online reselling business from home. I got my LLC, bought all the essentials like a printer, boxes, computer, and desk, and started sourcing products in bulk from wholesalers.
I opened an eBay account and for the first two months I was selling at a loss just to feed the algorithm. Eventually, I started seeing enough movement to raise my prices and still make a profit. The business slowed down a little, but it did not matter because I was finally generating income.
Then I expanded to Walmart and TikTok Shop. Later, I decided to go on Amazon, which was very rough and almost ruined me financially, but with hard work and dedication I made it profitable.
Right now I am able to pay all my expenses, my car payment, insurance, mortgage, and utility bills, and still have about $1,000 left each month. I usually either save that or reinvest it back into the business.
Now I want to open my own website so I do not have to rely on third-party platforms. I am pretty good with social media ads and I have been able to drive traffic from TikTok and Facebook to my products on eBay and TikTok Shop. I currently handle around 50 packages a day on the slow days and I do everything myself, packing, shipping, and customer service, seven days a week, 12 hours a day.
My concern is that opening a website might be too much for me to handle right now. I am not ready to hire employees yet since I have not even hit one full year in business. I am planning to move into a small 1,500 square foot office space and hire help once I reach that one-year mark, but part of me does not want to miss out on potential growth by waiting.
So what would you do in my position? Should I focus on growth now and start my website or wait until I can hire help and have more stability?
Should I grow now or wait till I can hire people and move to a bigger location?
byu/DutyTop8086 inEntrepreneur
Posted by DutyTop8086
3 Comments
There’s plenty of companies that will sell you a web store SaaS That you don’t have to manage. Similar to having a property manager. It’s a cut of your profits but probably worth if it you’re trying to scale. You can take over management when you hire people.
No exp in that neither, but great question! Looking forward to read some comments here lol
Congratulations for making such remarkable improvement in less than a year! To be honest, I’d recommend waiting till you have a little more support before starting your own website. Running it adds customer service, inventory synchronization, and marketing management to your existing responsibilities. Continue to develop consistency with your present platforms, and if you have support and more time, you will be able to launch the site with confidence rather than straining yourself thin.