RaquelMangual.com » low profits http://www.raquelmangual.com Not trying to make a killing, just trying to make a living Thu, 02 Sep 2010 22:35:54 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 My perfume business may not make it http://www.raquelmangual.com/2010/03/my-perfume-business-may-not-make-it/ http://www.raquelmangual.com/2010/03/my-perfume-business-may-not-make-it/#comments Wed, 03 Mar 2010 18:15:13 +0000 Raquel http://www.raquelmangual.com/?p=22 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.

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