How to Build a Profitable eCommerce Empire 💻💰
Namaste Dosto,
In this video, I’m featuring Mr. Vineet Parekh, co-founder of Muffynn, an e-commerce store based in Bhayandar West, originally from Satna. Muffynn specializes in men's clothing and started its journey in 2019, with serious brand building efforts beginning in 2021. His hard work has paid off, with monthly revenues ranging from ₹34-40 lakhs, hitting a peak of 40 lakhs in January. Last year, Muffynn made an impressive 4 crore in total revenue, showcasing Vinit's entrepreneurial skills and Muffynn's growing popularity.
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00:00 Earning ₹30 Lakhs Per Month
01:49 Journey of Vineet Parekh
06:28 Types of Products to Sell
09:52 How to make your D2C brand stand out of competition?
11:22 eCommerce Go-to-market strategy
12:40 Initial investment to start ecommerce business
12:53 How much money has he made? (Proof)
15:10 Challenges in ecommerce business?
15:50 Cost of outsourcing agency
17:22 Profit Making Business
19:49 Rent & Staff Expenses
20:20 Marketing and Sales strategies
24:45 Marketplaces vs Own Ecommerce Website
28:06 What Are Marketing Channels?
28:15 Marketing Spend in Ecommerce Business
28:33 Why do Customers Prefer your Products?
31:03 Top Selling Locations
32:20 D2C Business Complete Process
35:06 Choosing Courier for D2C Business
35:32 eCommerce Shipping Cost
36:44 WordPress Vs Shopify
38:57 Vineet's future plan
40:12 Should you start a D2C business?
41:50 Skills Required to Start
43:02 Conclusion
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