I have tried many ‘rakets’ online and otherwise.Â I started a balikbayan box consolidation when I lived in Maryland.Â I also sold garments to co-workers while I had a contact at New York’s fashion district back in the early 90’s.Â I even went as far as getting a ‘online-order-regalo’ which has now been perfected by Forex.Â Many ideas, many attempts and yes there were failures but nonetheless, it shouldn’t stop you from becoming an entrepreneur.Â
Many successful individuals have failed with great ideas.Â I am no exception.Â Then, a friend introduced me to eBay.Â You can review the full storyÂ by Reyna Elena on his blog entry.Â I became a Powerseller within a few months.Â That was exciting.Â However, eBay’s fees kept on getting higher and higher.Â The end just couldn’t justify the means anymore.Â So, I moved my store and hosted it somewhere else.Â Â Â
Like many startups, there are things you have to consider.Â For online stores, number one is traffic.Â If you have no traffic, you have no business.Â There are ways to get your presence noticed and it takes a lot of hard work.
I did notice while reading some of the other blogs, I found a 20 year old Irish entrepreneur who seem to have these things down.Â He explains in simple terms how a good idea dies because of wanting an immediate ROI.Â Charging too much, or asking for a Louis Vuitton price for a low quality trashbag doesn’t make sense to any businessman.Â If you want to know how he explained it – – you can visit his site at http://www.smemon.com or read the particular entry by goingÂ here.
Sometimes, it takes one to experience it to understand.Â And when you do, you will be well on your way.Â Goodluck entrepreneurs.Â I have always loved John Gokongkwei’s speech and I always refer to it for inspiration when he said ‘success is not necessarily about connections, or cutting corners, or chamba–the three Cs of bad business’.Â Read it, own it, and live it.Â We can all be successful!