Wednesday, 18 May 2016

I did some research and wonder if the numbers are realistic

 

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I crunched the numbers of a new idea i have, and i landed on 100 orders being brake even, and if i do a 50 per month after that its good. Now i dont have any reference at all if 100 orders is a lot, mediocre, or a success in terms of online businesses. Its a 50 bucks product. I am based in Europe so no amazon here. I seen people here celebrate 10 orders and others saying 50 is a success. What do you think is realistic order volumes to calculate? Meaning.. where do you place the number for failure and success?

I thought about testing with waters first with an "inferior" product that is much like the one i am gonna sell. Have it fairly cheap and very low margins for me just to test the market before i put my product in (Which costs me much much more). Will that be a good idea to validate?

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