Philip Pich, the VP of Sales at Pushamz, shares with us how investors can take advantage of E-Commerce in 2022 passively without being involved in the business’ day-to-day operations.
2022 has just started, and evidently, we have come out of a very turbulent year. COVID-19 has wreaked havoc on the health and economies of most developed nations. There has been a record of low-interest rates, inflation is rising quickly, and investors do not know where to put their money to get a good return. One thing is for sure, leaving your hard-earned cash in a savings account is the equivalent of putting your money under your mattress.
“E-commerce had changed a lot since the days when I was at college completing my law degree selling camping equipment sent from China to the consumer in 30 days on Shopify. Back then, that was acceptable. Today, everyone expects high-quality products and super-fast delivery, especially on Amazon and Walmart,” says Philip.
Pushamz has found that things have changed a lot in the current economic climate when it comes to getting a return on your investment. Investing 50k into a typical savings account will yield a few percent a year, with stock seeing 5-7% as an excellent overall result. We’re over here managing eCommerce businesses, making an average of 100-300% ROI per year for their investors.
Philip Pich states that there’s close to 5000 orders per second on Amazon, which equals almost $18,000,000 every day. Although that sounds like a goldmine, knowing what to sell and sticking to all of the required vital metrics to make an eCommerce project successful is tricky, and this is where PushAMZ steps in.
They have close to a decade of experience in eCommerce, and their focus is simple:
PushAMZ sets up, manages, and grows eCommerce businesses from A-Z, giving a genuinely passive experience for the business owners. PushAMZ hires, trains, and deploys staff to cover customer support, product selection, product shipping, daily metrics tracking, and even monthly reporting for every business managed under their portfolio. According to Philip Pich, investors generally need between $35 – $55k to get their businesses off the ground and a minimum of $30k in working capital to leverage product sales.
“The investment depends on the client and what they want to achieve. Some investors want to start smaller, grow on Amazon, and explore other markets. Some investors want to grow as quickly as possible and incorporate Walmart & private label products all managed by one team under one roof. The most important thing is the working capital and funds for products. The more you have, the more you can sell, so if you have a smaller working capital allocation, it makes more sense to do one model and do it right rather than setting up multiple smaller businesses that cannot grow to their full potential,” says Philip.
The market is crowded with service providers that make big claims and fail to deliver the results. What makes PUSHamz different or a viable option to enter the eCommerce market?
“I guess it comes down to trust and transparency. Our investors get to meet us and get well acquainted with our team. They learn about the other businesses the team is actively involved in and realize the wealth of experience on the table. Most importantly, many of our investors are referrals from other investors we currently manage. This to me says we are doing something right,” says Philip.
Philip recommends doing your due diligence and never investing money you cannot afford to lose. Every business takes time to establish; every company has different risks and profit potential.
Please find out more about Philip and his team here.