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Entrepreneurship: My startup just failed. What could I start to "immediately" generate $1,000/mo?
PE
PE
Pez Elias - Amazon FBA Expert & Multichannel Online Retail eCommerce Consultant - Founder of 7-Figure Online Business, Amazon FBA Consulting & Multichannel e-Commerce answered:

One of the best ways to start a new business is to start a drop-ship online business. This means that you don’t carry any inventory when you make a sale. In a drop shipping business model, you list an item for sale on your website and when a customer makes a purchase, you order it from your supplier and have them ship it directly to the customer as if it was coming from you. The beauty of this model is that you don’t carry any of the inventory risk. In other words, you list a bunch of items on your site and if some of them don’t sell, you aren’t stuck with that inventory. Your supplier is the one taking all the risk of carrying the inventory, storing it and paying for it.

This is an excellent way to generate revenue every month (like the $1000 you want to make) while avoiding a lot of the risks associated with carrying inventory.

If you want to learn more about drop-shipping you can read my blog posts on the subject at Pezlogic.com. Here is the link: https://pezlogic.com/category/ecommerce/drop-shipping/

If you have any follow up questions or want to learn more about drop-shipping or ecommerce in general please feel free to reach out to me.

Best of luck!

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