Approximately four years ago, Jacky Chou and Albert Liu started their first dropshipping company in 2018 that sold home decor items. However, even after making $250,000 a month, the duo decided to shift their manufacturing base from China to Portugal and name their company Far & Away.
Jacky’s first dropping company started with a negative balance of $3,000. With his experience in eCommerce and digital marketing, it didn’t take him long to make a revenue of $240,000 per month. The company was making a regular profit of 30 to 40%. But Jacky wanted to make the business bigger and better for his customers. He had to shift to Berlin to start his company, while his family and friends stayed in China. After a year,
Reshifting the manufacturing base
It’s challenging to stay away from your friends and family for years. When Jacky shifted to Berlin, he would miss his family and the beautiful moments he had spent with them. He was looking to share his experiences with his family and friends. And that feeling triggered him to shift the manufacturing base and rename the company. Here are a few things that he learned from his first-ever eCommerce business:
- While it’s fascinating to lead a business successfully, you also feel for your family and friends who stay far away. You wish you could enjoy the success with them. The same thing happened with Jacky. He enjoyed success in Berlin while his family and friends lived in China. Initially, his company’s manufacturing base was in his home country, but the practices were not as smooth as he wanted. That’s why he decided that it would be better to shift the manufacturing base to Portugal.
- Using a 3PL to hold inventory in your primary market is better to ensure quicker shipping time and better quality control. Jacky cited the example of Aliexpress sellers and how they trim down their shipping times by working with agents in China where they can keep their inventories.
- Jacky spent a significant amount of time finding a company that would extensively test the products that his company sold. He finally stuck to Oberlo for product tests. In one of his interviews, he said, “I always keep an eye on the return on ad spend). Once our products reach a strong ROAS, we source from our warehouse. This process helps us cut down our shipping times and maintains the quality of our products.
- One of the reasons Jacky’s eCommerce business stood the test of time is that it could retain its customers. Jacky thanks the 3PL system that efficiently dealt with the drawbacks of his previous supply chain, where he had to pay additional VAT duties and had longer shipping times. Once he shifted to a 3PL system, it impressed the customers because of the short shopping time. As a result, they stuck to his company.
According to Jacky, learning from mistakes makes you a better business owner. He was clever enough to implement the changes that he thought would improve his business, and it did provide the results that he had expected at the planning stage.
[…] The ‘business owner’ definition is not conveniently selected. The term “business owner” is an umbrella term that describes anybody who has the drive and determination to make his or her concept a reality. A local business owner should possess a particular set of attributes in order to succeed. Apart from being motivated by the need to develop a brand-new product or service, an ‘business owner’ has to additionally have the drive to succeed in a brand-new market or market. Chou […]
[…] Entrepreneurship is an integral part of the economic situation. While existing services may not be prospering, an entrepreneur’s efforts will certainly bring about more prosperity for the nation. By damaging tradition and developing new services and products, an entrepreneur will certainly lower dependence on conventional approaches and systems and also produce a more reliable, scalable business. And as an artisan, you’ll be helping individuals in various other nations by making your product or service much more easily accessible as well as helpful. Jacky […]
[…] Historically, an entrepreneur has produced a service by incorporating various suggestions. As an example, he created a technology that enables him to create a product that addresses a problem. The business owner is an entrepreneur in the feeling that she or he is a person who wants to take dangers in order to produce something that benefits others. Whether it is a business owner of a tech firm or a proprietor of a footwear shop, he or she is a true entrepreneur. Jacky Chou […]
[…] Historically, an entrepreneur has actually developed a service by incorporating different ideas. For example, he created a modern technology that enables him to create an item that addresses a trouble. The entrepreneur is a business owner in the sense that he or she is a person who wants to take threats in order to produce something that benefits others. Whether it is a business owner of a tech company or a proprietor of a shoe shop, she or he is a real business owner. Jacky […]
[…] The ‘business owner’ meaning is not quickly pinned down. The term “business owner” is an umbrella term that describes any person that has the drive as well as determination to make his/her idea a fact. A business owner should possess a details set of characteristics in order to be successful. Other than being inspired by the desire to produce a new product or service, an ‘business owner’ must additionally have the drive to prosper in a new market or market. Chou […]
[…] Entrepreneurship is an important part of the economy. While existing businesses may not be growing, a business owner’s initiatives will certainly cause more prosperity for the nation. By damaging custom and creating brand-new products and services, a business owner will certainly lower reliance on traditional methods and systems as well as create a much more reliable, scalable company. And as a craftsmen, you’ll be assisting people in other nations by making your product or service a lot more available as well as beneficial. Chou […]
[…] Historically, an entrepreneur has actually produced a service by combining various ideas. As an example, he produced an innovation that enables him to create a product that resolves a trouble. The entrepreneur is an entrepreneur in the feeling that he or she is a person that agrees to take threats in order to create something that benefits others. Whether it is an entrepreneur of a technology business or a proprietor of a shoe shop, she or he is a real entrepreneur. Jacky […]
[…] Historically, an entrepreneur has developed a company by integrating different suggestions. For instance, he created a technology that enables him to develop a product that fixes a problem. The business owner is a business owner in the sense that he or she is a person who agrees to take dangers in order to create something that profits others. Whether it is an entrepreneur of a tech company or a proprietor of a shoe shop, he or she is a true entrepreneur. Jacky […]
[…] Entrepreneurship is an important part of the economic situation. While existing organizations might not be growing, a business owner’s initiatives will certainly bring about more success for the nation. By damaging practice and also developing brand-new products and services, an entrepreneur will lower reliance on typical approaches and systems and also develop an extra reliable, scalable company. And also as an artisan, you’ll be assisting individuals in other countries by making your product and services much more available and valuable. Jacky Chou […]
[…] Entrepreneurship is a vital part of the economy. While existing businesses might not be growing, an entrepreneur’s initiatives will certainly result in even more prosperity for the country. By breaking tradition as well as developing brand-new products and services, an entrepreneur will decrease reliance on typical methods and also systems as well as develop an extra efficient, scalable company. And also as an artisan, you’ll be helping people in other countries by making your service or product more obtainable and beneficial. Jacky […]
[…] Historically, a business owner has created a company by incorporating different ideas. For instance, he developed a technology that enables him to create an item that fixes a trouble. The entrepreneur is an entrepreneur in the sense that she or he is a person that agrees to take dangers in order to develop something that benefits others. Whether it is an entrepreneur of a tech business or a proprietor of a footwear shop, she or he is a real entrepreneur. Jacky Chou […]
[…] The ‘business owner’ definition is not conveniently determined. The term “entrepreneur” is an umbrella term that describes any person that has the drive and also decision to make his/her suggestion a truth. An entrepreneur should possess a specific set of characteristics in order to be successful. Aside from being motivated by the need to develop a brand-new services or product, an ‘entrepreneur’ should also have the drive to succeed in a new industry or market. Jacky […]
[…] Entrepreneurship is an integral part of the economic climate. While existing services may not be flourishing, a business owner’s efforts will certainly result in more success for the country. By breaking tradition and establishing new product or services, a business owner will certainly minimize reliance on traditional approaches as well as systems as well as create a much more effective, scalable firm. And also as an artisan, you’ll be assisting people in other countries by making your services or product extra available and useful. Jacky […]
[…] Historically, an entrepreneur has developed an organization by combining different ideas. As an example, he created a modern technology that enables him to create a product that addresses a trouble. The business owner is an entrepreneur in the sense that he or she is an individual that is willing to take risks in order to develop something that benefits others. Whether it is a business owner of a tech company or an owner of a shoe shop, he or she is a real business owner. Jacky […]
[…] Entrepreneurship is a vital part of the economy. While existing organizations might not be thriving, a business owner’s efforts will certainly result in more prosperity for the country. By damaging tradition and developing new products and services, an entrepreneur will certainly decrease reliance on typical techniques as well as systems as well as produce a more effective, scalable firm. And as an artisan, you’ll be helping people in various other countries by making your service or product extra available and also beneficial. Jacky […]
[…] Entrepreneurship is a fundamental part of the economic climate. While existing services might not be thriving, an entrepreneur’s efforts will certainly lead to more success for the nation. By breaking custom and developing new product or services, an entrepreneur will decrease dependence on conventional approaches and also systems and create an extra efficient, scalable business. And as an artisan, you’ll be assisting individuals in various other countries by making your product and services extra accessible as well as useful. Chou […]
[…] Historically, an entrepreneur has actually developed a business by incorporating various ideas. As an example, he produced an innovation that allows him to create a product that resolves a problem. The business owner is a business owner in the sense that he or she is a person who wants to take threats in order to create something that profits others. Whether it is a business owner of a technology company or a proprietor of a footwear store, he or she is a true entrepreneur. Jacky […]
[…] The ‘entrepreneur’ definition is not conveniently determined. The term “entrepreneur” is an umbrella term that explains any person that has the drive as well as determination to make his or her idea a fact. An entrepreneur have to possess a particular collection of traits in order to be successful. Apart from being encouraged by the wish to produce a brand-new services or product, an ‘business owner’ must also have the drive to do well in a new sector or market. Jacky Chou […]
[…] Entrepreneurship is a vital part of the economic climate. While existing companies might not be flourishing, a business owner’s efforts will result in even more success for the nation. By breaking practice and establishing new products and services, an entrepreneur will certainly lower reliance on standard techniques and systems and create a more efficient, scalable business. And also as a craftsmen, you’ll be aiding individuals in other countries by making your product and services a lot more easily accessible and also useful. Chou […]
[…] Entrepreneurship is an integral part of the economy. While existing organizations might not be flourishing, a business owner’s efforts will lead to more prosperity for the nation. By damaging custom and developing brand-new products and services, a business owner will certainly decrease dependence on conventional approaches and also systems and also produce a much more efficient, scalable business. And also as a craftsmen, you’ll be helping people in various other nations by making your product or service more accessible and also beneficial. Jacky […]
[…] Historically, a business owner has developed a company by incorporating different suggestions. For instance, he produced a modern technology that enables him to develop a product that resolves a problem. The entrepreneur is a business owner in the feeling that he or she is a person that wants to take dangers in order to create something that benefits others. Whether it is an entrepreneur of a technology company or a proprietor of a footwear store, he or she is a real business owner. Chou […]
[…] Historically, a business owner has created a company by integrating different ideas. As an example, he created a technology that allows him to produce a product that solves a trouble. The entrepreneur is an entrepreneur in the feeling that he or she is an individual who agrees to take dangers in order to develop something that profits others. Whether it is an entrepreneur of a technology firm or a proprietor of a footwear shop, she or he is a real business owner. Chou […]
[…] Entrepreneurship is an important part of the economy. While existing organizations might not be prospering, an entrepreneur’s efforts will certainly lead to even more success for the nation. By damaging custom and also developing new services and products, an entrepreneur will certainly reduce dependence on conventional methods as well as systems and create a more effective, scalable firm. And as an artisan, you’ll be aiding people in various other nations by making your product and services a lot more easily accessible and also valuable. Jacky […]
[…] The ‘entrepreneur’ meaning is not conveniently selected. The term “entrepreneur” is an umbrella term that defines anyone who has the drive and also determination to make his or her suggestion a reality. A local business owner have to possess a details set of attributes in order to be successful. Besides being encouraged by the desire to create a brand-new product and services, an ‘entrepreneur’ has to also have the drive to succeed in a brand-new sector or market. Jacky […]
[…] The ‘entrepreneur’ meaning is not conveniently pinned down. The term “business owner” is an umbrella term that defines anyone who has the drive as well as resolution to make his or her suggestion a fact. A company owner have to have a specific collection of qualities in order to achieve success. Aside from being inspired by the wish to create a new product and services, an ‘business owner’ has to additionally have the drive to prosper in a brand-new market or market. Chou […]
[…] Historically, a business owner has produced a service by integrating different suggestions. For instance, he created an innovation that enables him to create an item that fixes a trouble. The business owner is a business owner in the sense that he or she is a person who is willing to take dangers in order to develop something that profits others. Whether it is a business owner of a tech business or a proprietor of a footwear shop, he or she is a true entrepreneur. Jacky Chou […]
[…] The ‘entrepreneur’ interpretation is not conveniently pinned down. The term “entrepreneur” is an umbrella term that describes any person that has the drive and also resolution to make his or her suggestion a truth. A business owner must possess a specific set of traits in order to be successful. Apart from being inspired by the wish to develop a brand-new service or product, an ‘business owner’ must additionally have the drive to do well in a new sector or market. Jacky […]
[…] Historically, a business owner has developed an organization by integrating different concepts. For instance, he created a modern technology that enables him to produce a product that addresses a problem. The business owner is an entrepreneur in the sense that she or he is a person who wants to take threats in order to create something that profits others. Whether it is an entrepreneur of a tech firm or an owner of a footwear store, he or she is a real entrepreneur. Chou […]
[…] Historically, a business owner has developed a business by incorporating various ideas. As an example, he created an innovation that allows him to produce a product that addresses a problem. The entrepreneur is a business owner in the feeling that she or he is an individual who is willing to take risks in order to create something that profits others. Whether it is a business owner of a tech business or a proprietor of a shoe shop, he or she is a true entrepreneur. Jacky Chou […]
[…] Historically, a business owner has developed a company by integrating various suggestions. For example, he created a modern technology that enables him to develop an item that fixes a problem. The entrepreneur is a business owner in the sense that he or she is an individual who is willing to take dangers in order to create something that profits others. Whether it is a business owner of a technology company or an owner of a shoe store, she or he is a true business owner. Jacky Chou […]
[…] The ‘business owner’ meaning is not quickly selected. The term “entrepreneur” is an umbrella term that explains anyone who has the drive and decision to make his or her suggestion a truth. A company owner need to have a certain set of qualities in order to succeed. Other than being motivated by the need to develop a new product or service, an ‘business owner’ should likewise have the drive to prosper in a new sector or market. Jacky Chou […]
[…] Entrepreneurship is a fundamental part of the economy. While existing companies may not be flourishing, an entrepreneur’s efforts will lead to more prosperity for the country. By damaging tradition and also establishing brand-new product or services, an entrepreneur will certainly lower reliance on traditional approaches as well as systems and also develop an extra effective, scalable business. And as a craftsmen, you’ll be assisting individuals in various other countries by making your product and services a lot more easily accessible as well as helpful. Chou […]
[…] Historically, a business owner has developed a company by combining various ideas. For instance, he produced an innovation that enables him to produce an item that fixes a trouble. The business owner is a business owner in the feeling that he or she is an individual who agrees to take dangers in order to develop something that profits others. Whether it is an entrepreneur of a tech firm or an owner of a shoe shop, she or he is a true business owner. Jacky […]
[…] The ‘entrepreneur’ interpretation is not easily determined. The term “business owner” is an umbrella term that describes anybody that has the drive and determination to make his/her idea a reality. A local business owner need to have a certain set of qualities in order to succeed. Apart from being inspired by the wish to develop a new service or product, an ‘business owner’ should also have the drive to be successful in a new market or market. Jacky […]
[…] The ‘business owner’ definition is not conveniently selected. The term “business owner” is an umbrella term that explains anybody that has the drive as well as resolution to make his/her idea a truth. A company owner have to possess a particular collection of qualities in order to be successful. In addition to being inspired by the need to create a brand-new service or product, an ‘business owner’ needs to likewise have the drive to be successful in a brand-new market or market. Jacky Chou […]
[…] Entrepreneurship is a fundamental part of the economic climate. While existing companies may not be growing, an entrepreneur’s initiatives will certainly bring about even more prosperity for the nation. By damaging practice and developing brand-new products and services, a business owner will certainly reduce dependence on typical approaches and systems as well as produce an extra reliable, scalable business. And also as a craftsmen, you’ll be aiding people in various other countries by making your service or product a lot more accessible and also beneficial. Jacky Chou […]
[…] The ‘entrepreneur’ meaning is not easily pinned down. The term “business owner” is an umbrella term that defines anybody that has the drive and also decision to make his/her suggestion a fact. A company owner have to possess a certain collection of attributes in order to achieve success. Besides being inspired by the desire to develop a brand-new product and services, an ‘business owner’ needs to likewise have the drive to be successful in a new market or market. Jacky Chou […]
[…] Historically, a business owner has created an organization by integrating various concepts. For instance, he created a modern technology that allows him to create an item that addresses an issue. The business owner is an entrepreneur in the sense that she or he is a person who agrees to take dangers in order to develop something that benefits others. Whether it is an entrepreneur of a technology business or a proprietor of a footwear shop, she or he is a real entrepreneur. Jacky […]
[…] Historically, a business owner has actually produced a company by combining various suggestions. As an example, he created a technology that allows him to create a product that fixes a problem. The business owner is an entrepreneur in the sense that he or she is an individual who is willing to take risks in order to develop something that profits others. Whether it is a business owner of a tech company or an owner of a footwear shop, he or she is a true business owner. Jacky […]
[…] Entrepreneurship is an integral part of the economic situation. While existing organizations may not be thriving, a business owner’s efforts will lead to more success for the country. By breaking practice and also creating new services and products, an entrepreneur will minimize reliance on typical techniques and systems and develop a much more efficient, scalable firm. And also as a craftsmen, you’ll be helping individuals in other nations by making your services or product more accessible and beneficial. Chou […]
[…] Historically, an entrepreneur has actually produced a service by integrating various suggestions. As an example, he produced a modern technology that allows him to produce a product that addresses a problem. The entrepreneur is a business owner in the sense that he or she is an individual that agrees to take threats in order to produce something that benefits others. Whether it is an entrepreneur of a technology business or an owner of a shoe store, she or he is a true entrepreneur. Jacky Chou […]
[…] The ‘entrepreneur’ interpretation is not conveniently pinned down. The term “entrepreneur” is an umbrella term that explains anybody that has the drive and also decision to make his/her concept a truth. A local business owner have to possess a specific set of qualities in order to succeed. Apart from being inspired by the wish to develop a brand-new services or product, an ‘entrepreneur’ should additionally have the drive to prosper in a brand-new industry or market. Chou […]
[…] Historically, a business owner has created a company by combining different suggestions. For example, he developed an innovation that enables him to produce an item that resolves an issue. The entrepreneur is an entrepreneur in the feeling that she or he is a person that is willing to take risks in order to create something that profits others. Whether it is an entrepreneur of a tech company or an owner of a footwear store, she or he is a true business owner. Jacky Chou […]
[…] The ‘entrepreneur’ interpretation is not conveniently pinned down. The term “entrepreneur” is an umbrella term that explains any person that has the drive and also decision to make his or her suggestion a fact. A company owner should have a certain set of characteristics in order to succeed. Aside from being inspired by the need to develop a brand-new service or product, an ‘entrepreneur’ must likewise have the drive to succeed in a new sector or market. Jacky Chou […]
[…] The ‘business owner’ interpretation is not quickly selected. The term “business owner” is an umbrella term that describes anybody who has the drive and resolution to make his or her suggestion a fact. An entrepreneur have to possess a specific set of characteristics in order to achieve success. Besides being encouraged by the need to produce a brand-new services or product, an ‘entrepreneur’ has to additionally have the drive to do well in a new industry or market. Chou […]
[…] Historically, an entrepreneur has produced an organization by combining different suggestions. For example, he produced a modern technology that allows him to produce a product that fixes an issue. The entrepreneur is a business owner in the feeling that he or she is a person that agrees to take risks in order to produce something that benefits others. Whether it is an entrepreneur of a technology firm or an owner of a footwear store, she or he is a real business owner. Jacky […]
[…] Historically, a business owner has produced a service by integrating various suggestions. For instance, he created a modern technology that allows him to develop a product that solves a problem. The business owner is an entrepreneur in the feeling that he or she is a person that agrees to take risks in order to produce something that profits others. Whether it is an entrepreneur of a tech business or an owner of a shoe store, she or he is a true business owner. Chou […]