Thanks for reaching me back. In the meantime, Shopify support contacted me and told me no matter if the business is not verified yet, payments are active and I am able to accept payments while they taking time to evaluate this issue.
Yes, it takes a lot of effort, time, dedication, and knowledge in the way of success in online business. I am always an advocate of having my own product, well protected which nobody else has. So all my projects are based on my own products with patented design. As a former music producer with an incredible love for music, my first product was www.studiodesk.net. My advice to new businesses would be, do not go into a niche you are not some kind of expert. You need to be passionate about something and your knowledge should be way above average about this niche. Only this way you will be able to offer something to the market understand your market and talk their language. If you have something special and different and know how to present your ideas, the market will recognize your difference and will grab your product. If you are a copycat or just do something because someone else is successful in this niche, you are predefined to fail. There is only one Coca-Cola, remember? I started with a capital of 20.000$ doing 80% of the business alone from my home office. No extra costs and very controlled expenses in the first year. I remember the first container of products arrived with a big flaw (at that time I was producing in China. Not doing it anymore, learned my lesson big time) so I had to open every product and engage a carpenter to fix the flaw. Fixing a flaw cost me as much as the cost of the entire container. Not to mention that they did a flaw and start to produce my product and offered it on Alibaba with a 10% margin. They didn’t know about the flaw so people who both it from them could not use the product. Carma is a bi***, very fast bi***! There was a time when I had a complete nervous breakdown because of the obstacles and problems on the way. Imagine finally succeeding to sell some of your stock and PayPal putting 60% reserves on your money for 6 months without reason and without any prior notification. All of the sudden the capital you created is just gone! Something like that basically can destroy you. I was ready to sit on the plane and fly to America headquarters to ask them what is their problem. Had to take a loan to pay my suppliers. Take this story as a free valuable tip on this payment provider. Shopify does not play such a dirty game. However, if you believe enough in your product, if the product is good and gives great value for money, and you person who is able to focus on it 100%, you have a chance to succeed. My new project now is in the Home Fitness niche. I wouldn’t talk about that publicly yet.
Want to stress here that I’ve tried many different e-commerce platforms and faced only problems.
Special thanks to Shopify which developed the best online shop platform in the world.
Wishing all the luck to the community in these turbulent times we are all living.
Danny