While Lebanon is facing its worst nightmare with the economic crisis, the corona outbreak, poverty and unemployment rate increases, I was sitting in my room, scrolling through my social media, checking online shops.
Suddenly, I came up with a "master" idea, an online shop for customized bucket hats, at low prices, made for everyone. I made my research, checked all the competitors’ prices on the market, and finally, agreed with a hat supplier and a printing factory to keep the costs as low as possible.
With the help I received at Foundersbei, I made an online page and started selling customized bucket hats under the name of @The.Bucket.Master. In the first 2 months, I sold around 300 hats, and returned my investment 10 folds. I was so grateful for this idea and for the help of my employers that got me to this point.
After reading my story, you might think that it seems very easy to start your business. Truth is, it took me several weeks to launch. You have to do a lot of research concerning your product’s market, costs, delivery fees, packaging fees, etc… The most important part in any business is to make the buying process so easy that your customers’ engagement would increase faster and organically. Besides, you should look for a delivery company that ships your items on time for you to satisfy your clients, cause your best marketer is your satisfied customers. As a business owner you should consider taking risks, but keep in mind that it should be more or less calculated risks. Moreover, don’t start your business only to chase money, it’s not the best way to do it. Stay focused on the long run, don’t go blind when you make your first buck.
To sum up, whenever you have any business idea, do your research and try to envision what your idea would achieve if you implemented it. If you have any doubts, ask for help, but I think you should go for it. I believe it is the only way you will learn, even if you're going to fail.
"Don't be afraid to start over. This time, you're not starting from scratch, you're starting from experience." - Kathryn Bedell
The journey of success is never complete unless you failed and got back on your feet.
Farid Rahme