Jared Goetz , is a modern-day entrepreneur and thought leader who evolved from building eCommerce empires to guiding others in cultivating inner empires. Goetz shares six key components to building his million-dollar ecommerce store and turning profits in less than a business quarter. 1. Don’t reinvent the merchandise wheel. “Many owners think they have to reinvent the wheel with the merchandise they sell,” Goetz explained. Instead, he suggests focusing on products with a proven track record of success. “An easy way to spot a market trend is gauging how a product performs on social media. If an item is getting 10,000 Facebook Likes in less than a few hours, that’s a tell.” When choosing merchandise, it’s also crucial to differentiate between commoditized and unique products. Commoditized products are widely available. Unique products are less accessible handmade or niche products that aren’t mass produced. “If you go niche, gauge demand first. Observe what people...
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