I've worked on my own remotely / out of an office environment for years, and definitely miss the banter and the camaraderie, but would never trade it back for the typical 9-to-5 I use to have.
I find it insanely easier to get things done when I'm in a closed, quiet room with no co-workers around to bother me. At the office, I'd often be bombarded by drop-ins, people chatting or other distractions. A focused 4 hour day working on my own is equivalent in productivity I've found to a full working around other people who aren't completely involved in their work.
Call me a robot, but I love to get my work done alone and then shift into social mode. I'm not good at doing both at once.
Very nice! Will this work with complex forms I already have built on my site, or do I need to create the form with special code/markup for it to work properly?
Cool listing, Dave. Shared it as I think it will be interesting to see how this pans out. Quick question: Do you guys have the processes for this store well documented? IE, written instructions for how to do all of the recurring tasks like route orders, issue refunds, answers to common questions, etc?
Thanks, I appreciate it! Yep, we have everything extremely well documented already for the next owner. All the ordering procedures and customer service routines are documented and ready to go!
Do you feel the reverse auction approach left money on the table? I know you got a bit of push back on the price from those looking for a "deal" but you have a potential sale at your top price.
Unfortunately, the trailing six months isn't a meaningful figure given the annual seasonality of the niche. Value would be over stated in the spring (when profits are high) and under stated in the fall (when profits are low).
And while, theoretically, it could be possible to create a ton of fake transactions to boost the sale price, it'd sure be a heck of a lot of work for little payoff. You'd need legitimate transactions, otherwise you'd simply be returning the motors and reducing revenue.
I suppose I could start a trolling motor MLM and ruin all my personal relationships to boost my chances at a slightly higher sale price...
> And while, theoretically, it could be possible to create a ton of fake transactions to boost the sale price, it'd sure be a heck of a lot of work for little payoff. You'd need legitimate transactions, otherwise you'd simply be returning the motors and reducing revenue.
Good question. It's really a personal decision based on risk. Technically, I think consumers can go after anyone in the supply chain so, even retailers or stores. So it's not a bad idea to have.
That being said, I'd say the majority of stores don't have it....
Didn't use them right from the beginning, no. Have been using them to sync inventory for about 6 to 9 months now, and just recently started using them for order routing and sending out tracking numbers.
Original product data was gathered from the manufacturer, as well as independent research.
OP here! This is not the only drop shipping site I run, and I talk about the others on my blog. This specific site (TrollingMotors.net) doesn't make six figures annually - that's correct. But I do have stores that do (I mention my other stores on my blog). And, of course, the combined earnings are above the six-figure mark.
Also, I don't sell my eBook - I give it away for free. :-)
Thanks! I picked the niche purely based on where I thought I could make money. When I started it, I had been running another drop shipping site for a few years already and wanted to try my hand in different market.
Finding drop shippers is actually a lot easier than you might think. You can't find them for every niche and market, but if you're willing to spend some time digging through Google you can usually find legitimate wholesale drop shippers without too much work. I did a video on it (see below) that might be helpful:
I will if you will offer me a 60 day options contract to sell bitcoins at a fixed price after close! Otherwise, the volatility cold double or half the purchase price. :-)
It's not disingenuous. You misunderstood. He was concerned about floating prices between BTC:USD. You don't have to implement your own waiting period to accept bitcoin into a static USD price with either service. If you do that, then there are the same short waiting periods that apply to every payment service that performs USD ACH/banking transactions before it gets to your bank account. The value doesn't change in the meanwhile.
I find it insanely easier to get things done when I'm in a closed, quiet room with no co-workers around to bother me. At the office, I'd often be bombarded by drop-ins, people chatting or other distractions. A focused 4 hour day working on my own is equivalent in productivity I've found to a full working around other people who aren't completely involved in their work.
Call me a robot, but I love to get my work done alone and then shift into social mode. I'm not good at doing both at once.