Hi all, to make a long story short a few days ago I decided to cash out ALL my BTC and reinvest EVERYTHING in my Evo store, I took all the money I had and made a huge bulk purchase, listed everything and basically sold out within 3 days. Because 99% of my orders are international I sold out my entire store before the first item could even arrive to a customer. Meaning all my assets were stored in escrow and all my product has been shipped out. And then this happens...
Obviously I'm upset with Kimble and Verto, and quite frankly I wouldn't mind reading about them getting killed. But what bugs me the most is the timing, I cannot believe it. If this would have happened 2 weeks ago, or 2 weeks ahead I would just write it off as a business expense and move on. Hey if this happens 1-2 times a year I'll still be profitable. But the timing has led me to lose everything.
And quite frankly I don't know what to do right now. Everything feels extremely pointless, to be fair Evo was an amazing store and an amazing community. And it's hard to move on.
I'm lucky to have just enough BTC to pay rent for next month, if I scrape up some cash I can probably start from scratch again. The question is where, I'm currently looking into middle earth but nothing feels the same.
What are other ex-Evo vendors doing now? I'm trying to explore every possibly oppertunity available. Even considering going independent, but maybe I'm just naive.
Please reach out and share some ideas.
Best bet to start from scratch without losing everything again if another market goes down is signing up on as many markets as possible. You also should rethink your business model, never have more product in transit or money in escrow than you can afford to lose. And more importantly, try to get customers to know you, don't just be another shop on the darknet trying to make quick money, offer high quality service and support that tops your competition, and besides your product go above and beyond. Doing that, you will be independent because people will come after you if another market goes down. This is what I learned from going through all major market scams since SR1 and losing close to $70k through market seizures, scams and Bitcoin crashes. From being evicted and sleeping on my addicts cousins couch for three months to living in my own apartment with rent paid in advance for the entire year and just shrugging off the 15 BTC loss.