On point again, life is shorter than you realise. Say ‘yes’ when you are young and take chances, you most likely won’t regret it! And entrepreneurship is very hard but you are genuinely are more in control of your own destiny! Great video thank you
By my calculations, you would have to sell between 120 - 130 items per month at a £30 profit to make £3K per month after tax & operating costs & you would have to make a £4K.- £5K investment to get started with the items assuming the items cost between £30 - £60 to acquire. That presumes everything goes 100% right (which it won't). It's doable but it's going to be tough just to make £3K, to scale that up 2X - 10X is going to be extremely hard in my opinion. You'd need 300 items pm to make £6K with an upfront cost of 10K & 1500 items pm to make £30Kpm with an upfront cost of £40K. Maybe as it scales you can acquire items at a lower price and sell them higher but there is a limit to that. As it scales it's getting very complicated to manage inventory, logistics, pricing structures & marketing. Am I missing something?
