I started my perfume dropshipping business way before I read The 4-Hour Workweek as an additional income stream. I started it just over a year ago, and it’s not a real moneymaker. In fact, I’ve only had 57 transaction over the past year. That averages to just one transaction per week, with an average profit of $8 per transaction. After paying for a domain and webhosting for the year, it has provided a profit of $399 for the year. That’s just under $400 for a year’s work, and that doesn’t include the time spent on the occasional wacky international transaction. Barely enough for a mortgage payment!
This business requires time for marketing and management which I just don’t have. It also seems to be a very difficult industry to find a niche for. So this may be one of the ventures that bites the dust this year. I already retired two other websites earlier this year because they weren’t profitable, and I had no real desire to make them profitable. The perfume business has already started to head down that route. I’ve achieved great feedback on my iOffer.com store, but unless I can develop a way to automate it, it will be retired by the end of this month.
dropshipping · low profits · niches · perfume business · profitability
Cassie · March 5, 2010 at 9:49 pm
$400/year is not much $, but remember that one dollar on the internet is more than most people will ever make. Not every idea you have is going to be a winner, but it is keeping those creative juices flowing that will help you make more, whether selling perfume or jewelry or tvs, or information!
I haven’t made much money on the internet yet, but I have done well in real estate rentals, a small side business and selling some of our garden produce. To “diversify” means a lot more to people who are actually trying to make money instead of invest it in the stock market gamble (spread your bets on the roulette table is more like it).
Keep writing on your blog, add pictures, add interesting tid-bits and you might be able to drive more traffic to your other sites. We have two websites, Lifetransplanet.com and Fruitfulista.com. You should check them out if you are so inclined, and tell me what you think!
Admin comment by Raquel · March 6, 2010 at 11:05 am
Hi Cassie. Thanks for the encouragement