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You get to sell other companies products on your website
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1.13: Teaching and Coaching I think the biggest killer of new ventures is good ideas. A good idea sparks the imagination, causes the founder to invest heavily in a dream, and much of that investment goes into building filters to bad news, which ensures you will be way too overconfident and prevents you from transforming a good idea into an idea that works. The end result can get pretty ugly, and usually involves uncontrollable crying. (That’s right. Real men cry.) As an idea man, I have learned the hard way to distrust my ideas. Better to start with some problems worth solving that I am uniquely able to address and build a simple MVP prototype with no expectation that it will work. Then find out what is wrong with it, fix it, repeat.
Are you planning to take your B2B business directly to consumers with a B2C site? (If you’re still on the fence, we’ve debunked B2B selling myths and provided a marketing guide here.) Keep in mind that each partner is generally liable for the full debts of the partnership. Partners who pay may have to seek payment from the other partners separately if they do not pay their share of a debt. The amount of liability depends upon the terms of any loans the business takes out.
Drop shipping is when you create an online store to sell other people’s products (i.e you don’t do any of the manufacturing or shipping). Then, you get a commission for each sale.
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Cheap Hotels The education niche seems fairly underserved by ecommerce. One great example is the company Wonderbly which recently secured a $8.5 million round from investors.
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Thanks for this great list, Michelle! I love all these ideas! Also, I took Abby’s BookBoss course and loved it – highly recommended – and am publishing my first ebook this Christmas. I would add selling on Etsy too. Having an Etsy store can be a nice complement to a local or online business.
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