Knyteguy posted:

I do the niche selling stuff selling microscopes that are around $150, which I got the idea from the first OP. I'll mention this: make sure you have the profit margin here. My product cost is $96.85 per microscope, I sell exclusively on eBay which is the only place I've had success selling (I had a very nice website created, but getting volume is difficult). That means I eat shipping @ $12 each, 10% on the eBay fees, $5 on the Paypal transaction fees, and then the time to make the eBay setup look nice, product research (weeks), a logo, hosting, etc.

Although I've made money from it, it definitely isn't much, and now competitors are kind of vulturing in to undercut. And I make something like $15-$20 a sale without considering taxes. It's kind of worth it now that all the work has been done, but the sales still only lead to around $400-$500 per year net. It's passive income at this point, but I don't think I would've bothered in the beginning.

Basically do your best to ensure all your work doesn't go to waste. We had a Facebook group before for this called Goons Stacking Paper and most everyone burned out. Don't do that.

Check out The Millionaire Fastlane book it has some great ideas along the lines of this. The title sounds cheesy but it was recommended to me, and it's a really great read. It's very BFC friendly advice, too, so it's not like "go spend all your savings on a FroYo place".

Oh and use fiverr.com as a resource especially as you're getting started. I used SA Mart for a logo, but used fiverr for a phone message recording, etc. Be careful it's easy to spend more than $5. Be patient.

e added correct costs