$720,000 My FIRST YEAR on SHOPIFY (Products & Ads Revealed)
Published on: November 27 2022 by Jordan Welch
$720,000 My FIRST YEAR on SHOPIFY (Products & Ads Revealed)
Table of Contents
$720,000 My FIRST YEAR on SHOPIFY (Products & Ads Revealed)
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00:00:00 | 00:00:05 | this is the exact video that i wish |
00:00:03 | 00:00:06 | existed when i was first starting on |
00:00:05 | 00:00:07 | shopify i'm going to show you how i sold |
00:00:06 | 00:00:10 | over 700 |
00:00:07 | 00:00:11 | 000 in my first year of drop shipping |
00:00:10 | 00:00:13 | and i'm even going to be doing something |
00:00:11 | 00:00:14 | that i haven't seen before i'm going to |
00:00:13 | 00:00:16 | be showing you the exact |
00:00:14 | 00:00:17 | products and ads that i use to generate |
00:00:16 | 00:00:19 | those results |
00:00:17 | 00:00:21 | and lastly i'll share some crucial |
00:00:19 | 00:00:22 | lessons that i learned along the way |
00:00:21 | 00:00:24 | that if i had known them |
00:00:22 | 00:00:26 | would have saved me thousands of dollars |
00:00:24 | 00:00:28 | and months of experimentation so make |
00:00:26 | 00:00:30 | sure to stik around to the end because |
00:00:28 | 00:00:31 | this is going to be an extremely |
00:00:30 | 00:00:33 | value-packed video |
00:00:31 | 00:00:35 | on this channel i'm currently |
00:00:33 | 00:00:37 | documenting the entire process |
00:00:35 | 00:00:40 | of building my ecommerce brand with as |
00:00:37 | 00:00:42 | much transparency as possible so that i |
00:00:40 | 00:00:43 | can lead by example and help you start |
00:00:42 | 00:00:45 | your own online store this year so if |
00:00:43 | 00:00:46 | you're interested in starting your own |
00:00:45 | 00:00:47 | online store and you want to support |
00:00:46 | 00:00:48 | your boy |
00:00:47 | 00:00:50 | make sure to hit that subscribe button |
00:00:48 | 00:00:51 | down below because i'm going to be |
00:00:50 | 00:00:53 | dropping a new video |
00:00:51 | 00:00:55 | every single friday but without further |
00:00:53 | 00:00:57 | ado let's get started with today's video |
00:00:55 | 00:01:00 | alright so i started this store in june |
00:00:57 | 00:01:02 | of 2017 with a good friend of mine |
00:01:00 | 00:01:04 | and it was actually a general store so i |
00:01:02 | 00:01:06 | got the idea for a general store from a |
00:01:04 | 00:01:08 | couple people that i've seen on youtube |
00:01:06 | 00:01:09 | like sebastian gomez and franklin |
00:01:08 | 00:01:10 | hatchet |
00:01:09 | 00:01:12 | at the time those were some of the |
00:01:10 | 00:01:14 | biggest creators and i still got a lot |
00:01:12 | 00:01:16 | of love for sebastian as well now |
00:01:14 | 00:01:18 | at this time i was pretty broke i had |
00:01:16 | 00:01:20 | like fifteen hundred dollars total |
00:01:18 | 00:01:21 | between me and my business partner when |
00:01:20 | 00:01:23 | we were starting this business |
00:01:21 | 00:01:25 | and we were pretty much prepared to go |
00:01:23 | 00:01:25 | all in on this so me and my friend were |
00:01:25 | 00:01:27 | like |
00:01:25 | 00:01:29 | let's do this we decided to build the |
00:01:27 | 00:01:29 | store we both had a background in web |
00:01:29 | 00:01:32 | design |
00:01:29 | 00:01:34 | and working on stuff online so we were |
00:01:32 | 00:01:36 | able to put the store up in like a day |
00:01:34 | 00:01:37 | and we launched our first product the |
00:01:36 | 00:01:40 | next day after |
00:01:37 | 00:01:41 | and the product completely flopped it |
00:01:40 | 00:01:42 | was so bad |
00:01:41 | 00:01:44 | which is totally normal if you're new |
00:01:42 | 00:01:46 | and you failed in the same way |
00:01:44 | 00:01:48 | as part of the process so that first |
00:01:46 | 00:01:50 | month of june it felt like every product |
00:01:48 | 00:01:51 | i was testing was just a straight up |
00:01:50 | 00:01:53 | failure |
00:01:51 | 00:01:54 | i was testing all kinds of crap and i'll |
00:01:53 | 00:01:57 | throw it up on the screen |
00:01:54 | 00:01:59 | i was testing necklaces and bracelets i |
00:01:57 | 00:02:01 | was testing random pet |
00:01:59 | 00:02:02 | products that made no sense i was |
00:02:01 | 00:02:04 | testing a variety of drop shipping |
00:02:02 | 00:02:06 | products that i've seen on apps like |
00:02:04 | 00:02:08 | ecom hunt and pexta |
00:02:06 | 00:02:09 | and nothing was working then at the end |
00:02:08 | 00:02:12 | of the month |
00:02:09 | 00:02:13 | i took a whole evaluation of my strategy |
00:02:12 | 00:02:15 | that i was following and i said this is |
00:02:13 | 00:02:18 | not the way to do it i need to find |
00:02:15 | 00:02:19 | products that are already selling and |
00:02:18 | 00:02:21 | use my skill set |
00:02:19 | 00:02:22 | to make those products better and it was |
00:02:21 | 00:02:25 | from that |
00:02:22 | 00:02:26 | that i had my first small success so |
00:02:25 | 00:02:29 | let's take a look |
00:02:26 | 00:02:30 | at that small success so if we go to the |
00:02:29 | 00:02:33 | month of june |
00:02:30 | 00:02:35 | and july you'll see that things actually |
00:02:33 | 00:02:37 | kind of started to work a little bit i |
00:02:35 | 00:02:39 | had went from making |
00:02:37 | 00:02:41 | only sixteen hundred dollars in june to |
00:02:39 | 00:02:44 | making eight thousand dollars plus |
00:02:41 | 00:02:46 | in the month of july the biggest change |
00:02:44 | 00:02:47 | came from that strategy approach that i |
00:02:46 | 00:02:49 | just told you about |
00:02:47 | 00:02:51 | i stopped trying to test random products |
00:02:49 | 00:02:52 | that i thought would work and i started |
00:02:51 | 00:02:55 | focusing on products that were |
00:02:52 | 00:02:56 | already working and making them better |
00:02:55 | 00:02:58 | so let me show you |
00:02:56 | 00:03:00 | these products that started working in |
00:02:58 | 00:03:02 | july inside of the ads manager |
00:03:00 | 00:03:05 | so this is the month of july and as you |
00:03:02 | 00:03:06 | can see this month was really dominated |
00:03:05 | 00:03:09 | by one product |
00:03:06 | 00:03:11 | and it was actually an ocarina the the |
00:03:09 | 00:03:13 | instrument that link plays in the legend |
00:03:11 | 00:03:14 | of zelda i've always been a big gamer |
00:03:13 | 00:03:15 | and when i saw this product i thought it |
00:03:14 | 00:03:17 | was super sweet |
00:03:15 | 00:03:19 | and you can see it's a very simple photo |
00:03:17 | 00:03:21 | ad just of this ocarina |
00:03:19 | 00:03:23 | i used very simple ad copy i was like |
00:03:21 | 00:03:25 | are you an original legend of zelda fan |
00:03:23 | 00:03:26 | if so this is a must-have for the |
00:03:25 | 00:03:27 | targeting |
00:03:26 | 00:03:29 | it's pretty obvious what i was targeting |
00:03:27 | 00:03:33 | i was targeting zelda and |
00:03:29 | 00:03:34 | nintendo and game informer and i didn't |
00:03:33 | 00:03:36 | become a millionaire of this product let |
00:03:34 | 00:03:39 | me tell you but this |
00:03:36 | 00:03:39 | product gave me a glimmer of hope that |
00:03:39 | 00:03:42 | yo |
00:03:39 | 00:03:43 | this business can actually work and i |
00:03:42 | 00:03:45 | was thinking that i was going to get |
00:03:43 | 00:03:46 | rich this month i was looking at my |
00:03:45 | 00:03:48 | store |
00:03:46 | 00:03:50 | and i was seeing like whoa you made six |
00:03:48 | 00:03:52 | hundred dollars in a day you made |
00:03:50 | 00:03:54 | five hundred dollars in a day but i |
00:03:52 | 00:03:56 | wasn't making next to |
00:03:54 | 00:03:58 | any profit i think at the end of this |
00:03:56 | 00:03:59 | month even after making nine thousand |
00:03:58 | 00:04:01 | dollars |
00:03:59 | 00:04:02 | we only made like a thousand dollars |
00:04:01 | 00:04:05 | profit and |
00:04:02 | 00:04:07 | i was having my money held on shopify |
00:04:05 | 00:04:09 | because when you first start scaling a |
00:04:07 | 00:04:11 | shopify store they put a 25 |
00:04:09 | 00:04:13 | hold on your account so i didn't make |
00:04:11 | 00:04:15 | any money i was so confused i was like |
00:04:13 | 00:04:17 | seeing all these deposits hit |
00:04:15 | 00:04:19 | but no money came into my bank account |
00:04:17 | 00:04:20 | and at the end of july i had to assess |
00:04:19 | 00:04:22 | my whole situation |
00:04:20 | 00:04:24 | and kind of re-evaluate everything so |
00:04:22 | 00:04:26 | going into august i had a ton of |
00:04:24 | 00:04:27 | motivation because now this business |
00:04:26 | 00:04:28 | that was making me zero dollars before |
00:04:27 | 00:04:30 | was at least |
00:04:28 | 00:04:32 | showing promise that it could make me |
00:04:30 | 00:04:34 | hundreds of dollars a day so |
00:04:32 | 00:04:36 | i was primed and ready to kill it in the |
00:04:34 | 00:04:38 | month of august and sure enough |
00:04:36 | 00:04:39 | if you take a look in the month of |
00:04:38 | 00:04:41 | august this store |
00:04:39 | 00:04:43 | did the same amount of numbers it did |
00:04:41 | 00:04:45 | around 8 300 bucks so |
00:04:43 | 00:04:47 | i was like yo we did it again this |
00:04:45 | 00:04:48 | product is still selling but the profits |
00:04:47 | 00:04:49 | are low |
00:04:48 | 00:04:51 | so what if i take the same exact |
00:04:49 | 00:04:53 | approach that i did with this product |
00:04:51 | 00:04:55 | and find a product with better profit |
00:04:53 | 00:04:58 | margins and that's exactly what i did |
00:04:55 | 00:05:00 | as you can see in the month of august i |
00:04:58 | 00:05:01 | started testing a bunch of products |
00:05:00 | 00:05:03 | because i had a little extra budget now |
00:05:01 | 00:05:04 | i had about a thousand bucks |
00:05:03 | 00:05:06 | so i was like let me just test that so i |
00:05:04 | 00:05:08 | started testing like a 3d |
00:05:06 | 00:05:10 | knee pad it's like a knee brace that you |
00:05:08 | 00:05:12 | wear for injuries |
00:05:10 | 00:05:14 | i started testing some height boosting |
00:05:12 | 00:05:15 | insoles i'm sure you guys have seen that |
00:05:14 | 00:05:16 | product before |
00:05:15 | 00:05:19 | i was testing all types of stuff |
00:05:16 | 00:05:22 | magnetik lashes portable juicer |
00:05:19 | 00:05:24 | i tested a projector a mermaid glass |
00:05:22 | 00:05:27 | i mean man i was going hard this month |
00:05:24 | 00:05:28 | this was the first month when i was back |
00:05:27 | 00:05:29 | in college after the summer of building |
00:05:28 | 00:05:32 | this business |
00:05:29 | 00:05:34 | and i did not want to stay in school my |
00:05:32 | 00:05:36 | entire focus |
00:05:34 | 00:05:37 | was to build this business to the point |
00:05:36 | 00:05:39 | where i was making enough income to |
00:05:37 | 00:05:40 | convince my parents to let me drop out |
00:05:39 | 00:05:42 | of college |
00:05:40 | 00:05:44 | and i actually got to that point but it |
00:05:42 | 00:05:44 | took a little longer than expected once |
00:05:44 | 00:05:46 | again |
00:05:44 | 00:05:48 | in the month of august i really didn't |
00:05:46 | 00:05:49 | make that much money i made about |
00:05:48 | 00:05:51 | another thousand dollars in profit |
00:05:49 | 00:05:53 | but shopify was holding our money and |
00:05:51 | 00:05:54 | this is where things got a little scary |
00:05:53 | 00:05:56 | because |
00:05:54 | 00:05:58 | i knew that i had profit coming in but |
00:05:56 | 00:06:00 | since shopify was holding it |
00:05:58 | 00:06:01 | and since i was paying for inventory and |
00:06:00 | 00:06:04 | the facebook ads |
00:06:01 | 00:06:05 | i was starting to run really low on cash |
00:06:04 | 00:06:07 | like dangerously low in cash |
00:06:05 | 00:06:09 | to the point where i couldn't even keep |
00:06:07 | 00:06:12 | up with running my business anymore |
00:06:09 | 00:06:15 | and that's when the hustler inside of me |
00:06:12 | 00:06:16 | activated and i just figured it out so |
00:06:15 | 00:06:18 | since i was running low on money i |
00:06:16 | 00:06:20 | needed to figure out a way to generate |
00:06:18 | 00:06:21 | income online and maybe some of you guys |
00:06:20 | 00:06:23 | are in that same position |
00:06:21 | 00:06:25 | you're trying to start your ecommerce |
00:06:23 | 00:06:25 | business but you're failing and you ran |
00:06:25 | 00:06:27 | out of money |
00:06:25 | 00:06:29 | listen man go out there and get a job if |
00:06:27 | 00:06:31 | you have to but |
00:06:29 | 00:06:32 | if you have some type of skill set that |
00:06:31 | 00:06:33 | you can monetize |
00:06:32 | 00:06:35 | do that because that's what i did and it |
00:06:33 | 00:06:36 | worked for me so i started editing |
00:06:35 | 00:06:38 | videos |
00:06:36 | 00:06:40 | for other drop shippers via facebook |
00:06:38 | 00:06:42 | groups and a couple chats that i was in |
00:06:40 | 00:06:44 | and i started making 200 bucks a week |
00:06:42 | 00:06:46 | from doing this is it a lot of money |
00:06:44 | 00:06:47 | no but it gave me the budget and the |
00:06:46 | 00:06:49 | extra amount of money that i needed to |
00:06:47 | 00:06:50 | continue working on this |
00:06:49 | 00:06:52 | without the pressure of running out of |
00:06:50 | 00:06:53 | bread and it really paid off |
00:06:52 | 00:06:56 | because going into the month of |
00:06:53 | 00:06:58 | september i had my most successful month |
00:06:56 | 00:07:00 | with e-commerce that year |
00:06:58 | 00:07:02 | and this was the first month where i was |
00:07:00 | 00:07:03 | able to look at my bank account and say |
00:07:02 | 00:07:05 | oh wow like this |
00:07:03 | 00:07:08 | is a real business this is something |
00:07:05 | 00:07:09 | that i can use to live whatever life i |
00:07:08 | 00:07:11 | want to live |
00:07:09 | 00:07:13 | looking at 50k in revenue now does it |
00:07:11 | 00:07:15 | excite me like it did at that time |
00:07:13 | 00:07:17 | you guys got to understand i was living |
00:07:15 | 00:07:19 | with my parents going to school |
00:07:17 | 00:07:22 | i was pretty miserable because this is |
00:07:19 | 00:07:24 | the only thing that i wanted to work |
00:07:22 | 00:07:26 | i would literally be sleeping right and |
00:07:24 | 00:07:28 | i would wake up in the mid i'll put my |
00:07:26 | 00:07:29 | phone right next to my ear |
00:07:28 | 00:07:31 | and i'll wake up in the middle of the |
00:07:29 | 00:07:32 | night to the chatting sound effect on my |
00:07:31 | 00:07:34 | phone |
00:07:32 | 00:07:36 | and i would just wake up with like a |
00:07:34 | 00:07:37 | smile on my face like i don't know if |
00:07:36 | 00:07:39 | you guys know that but if you know you |
00:07:37 | 00:07:40 | know so you can see this month of |
00:07:39 | 00:07:43 | september |
00:07:40 | 00:07:45 | i scaled up to at the maximum around |
00:07:43 | 00:07:47 | four thousand dollars a day in sales |
00:07:45 | 00:07:49 | and this was when i was like yo like i'm |
00:07:47 | 00:07:52 | done with college i'm not gonna stay |
00:07:49 | 00:07:54 | uh age i was 18 years old i was like yo |
00:07:52 | 00:07:55 | this is crazy like i'm making more money |
00:07:54 | 00:07:57 | than my parents |
00:07:55 | 00:07:58 | and i can leave school and all these |
00:07:57 | 00:07:59 | things that i had dreamed about for so |
00:07:58 | 00:08:01 | long |
00:07:59 | 00:08:03 | i had more motivation than ever i had a |
00:08:01 | 00:08:04 | budget and the money from shopify that |
00:08:03 | 00:08:06 | was on hold |
00:08:04 | 00:08:08 | got released so i was up so the way that |
00:08:06 | 00:08:10 | i scaled to a 50k |
00:08:08 | 00:08:11 | in september was following what i was |
00:08:10 | 00:08:13 | doing before so |
00:08:11 | 00:08:15 | you can see in august i was testing a |
00:08:13 | 00:08:15 | bunch of products and nothing was really |
00:08:15 | 00:08:19 | slapping |
00:08:15 | 00:08:20 | but september 1st i tested a new product |
00:08:19 | 00:08:22 | it's this knife sharpener here and i'll |
00:08:20 | 00:08:23 | go ahead and show you guys the ad i'll |
00:08:22 | 00:08:26 | throw it up on the screen |
00:08:23 | 00:08:27 | this product was a banger like i was |
00:08:26 | 00:08:29 | making 30 |
00:08:27 | 00:08:31 | profit on every single sale with this |
00:08:29 | 00:08:32 | product you can see right here i was |
00:08:31 | 00:08:35 | only spending 17 |
00:08:32 | 00:08:36 | to get a customer and this is simply a |
00:08:35 | 00:08:38 | matter of |
00:08:36 | 00:08:40 | everything that i had learned from all |
00:08:38 | 00:08:43 | the failure the months prior |
00:08:40 | 00:08:43 | coming into fruition now going into |
00:08:43 | 00:08:46 | october |
00:08:43 | 00:08:48 | i had a little bit of a reality check |
00:08:46 | 00:08:50 | because i scaled even higher i thought |
00:08:48 | 00:08:51 | you know if it can do 50 it can do 100 |
00:08:50 | 00:08:54 | so |
00:08:51 | 00:08:55 | i was trying to push this thing from 50k |
00:08:54 | 00:08:57 | to 100k |
00:08:55 | 00:08:59 | and if you look what happened in october |
00:08:57 | 00:09:01 | my roads just |
00:08:59 | 00:09:03 | jumped off a cliff and i actually was |
00:09:01 | 00:09:05 | scaling this product but you guys just |
00:09:03 | 00:09:05 | heard my margins right i could only make |
00:09:05 | 00:09:08 | 30 |
00:09:05 | 00:09:10 | per sale so i lost money this was the |
00:09:08 | 00:09:13 | most eye-opening month |
00:09:10 | 00:09:14 | ever because i saw 70 bands on my phone |
00:09:13 | 00:09:16 | i thought i was like |
00:09:14 | 00:09:18 | up i thought i was getting rich and i |
00:09:16 | 00:09:19 | didn't have a bookkeeper at this time |
00:09:18 | 00:09:21 | and i was just going off the shops by |
00:09:19 | 00:09:22 | deposits but after all the bills were |
00:09:21 | 00:09:24 | paid |
00:09:22 | 00:09:26 | in october we didn't make any profit and |
00:09:24 | 00:09:28 | i was like so upset about that |
00:09:26 | 00:09:30 | because in the middle of october i put |
00:09:28 | 00:09:33 | in my papers i dropped out of school |
00:09:30 | 00:09:34 | and i was on my own now but the pressure |
00:09:33 | 00:09:36 | really set |
00:09:34 | 00:09:38 | in in october because i thought i had |
00:09:36 | 00:09:39 | made it but clearly i didn't so this is |
00:09:38 | 00:09:41 | when things |
00:09:39 | 00:09:43 | really got big i was stressed out in |
00:09:41 | 00:09:45 | october i just left school |
00:09:43 | 00:09:46 | i needed to turn this into something |
00:09:45 | 00:09:48 | much bigger than what it already was |
00:09:46 | 00:09:50 | so i took everything i had learned all |
00:09:48 | 00:09:51 | the little you know twelve thousand |
00:09:50 | 00:09:52 | fifteen thousand dollars i had |
00:09:51 | 00:09:54 | accumulated |
00:09:52 | 00:09:56 | and i started testing hard i started |
00:09:54 | 00:09:57 | testing a ton of products |
00:09:56 | 00:09:59 | every single week i was probably testing |
00:09:57 | 00:10:02 | like five ten products a week |
00:09:59 | 00:10:03 | and in the next month i found an |
00:10:02 | 00:10:05 | absolute |
00:10:03 | 00:10:07 | banger take that as a lesson that you |
00:10:05 | 00:10:08 | get better over time and don't be |
00:10:07 | 00:10:09 | discouraged if it's not working right |
00:10:08 | 00:10:12 | away so |
00:10:09 | 00:10:12 | the product that i end up finding in |
00:10:12 | 00:10:15 | november |
00:10:12 | 00:10:16 | was this portable lunchbox i'll throw it |
00:10:15 | 00:10:20 | up on the screen right here |
00:10:16 | 00:10:23 | and wow this product was going crazy so |
00:10:20 | 00:10:24 | if we go up to november and we look at |
00:10:23 | 00:10:27 | the entire month |
00:10:24 | 00:10:29 | i mean this was the month where i was |
00:10:27 | 00:10:30 | like okay this is what i'm gonna do for |
00:10:29 | 00:10:31 | the next five to ten years i love this |
00:10:30 | 00:10:34 | business |
00:10:31 | 00:10:36 | this is going crazy i made 168 000 |
00:10:34 | 00:10:38 | in sales in one month my profits for |
00:10:36 | 00:10:42 | this month i mean |
00:10:38 | 00:10:43 | we spent around 63k so we had 100k |
00:10:42 | 00:10:45 | left over after that we paid for our |
00:10:43 | 00:10:48 | orders i think i made |
00:10:45 | 00:10:50 | like 30k to 40k profit in one month |
00:10:48 | 00:10:52 | i had next to no living expenses at this |
00:10:50 | 00:10:53 | time i was driving a beat up toyota |
00:10:52 | 00:10:55 | corolla so |
00:10:53 | 00:10:56 | i didn't worry about spending any money |
00:10:55 | 00:10:58 | i just had a bunch of cash in my bank |
00:10:56 | 00:11:00 | account more cash than |
00:10:58 | 00:11:02 | most 18 year olds should ever have to be |
00:11:00 | 00:11:03 | honest with you and i was super hyped |
00:11:02 | 00:11:05 | so just like a real simple breakdown of |
00:11:03 | 00:11:08 | how i scaled this |
00:11:05 | 00:11:09 | product i just launched a conversions |
00:11:08 | 00:11:10 | campaign |
00:11:09 | 00:11:13 | so if we go like the first week of |
00:11:10 | 00:11:15 | november you can see that i tested the |
00:11:13 | 00:11:17 | product with a couple different ad sets |
00:11:15 | 00:11:19 | i saw they were selling well so i just |
00:11:17 | 00:11:20 | started launching more ad sets every |
00:11:19 | 00:11:22 | single day |
00:11:20 | 00:11:25 | i started to find more ad sets that are |
00:11:22 | 00:11:27 | working and i duplicated the ones that |
00:11:25 | 00:11:29 | were really performing well |
00:11:27 | 00:11:30 | after that i just kept duplicating and |
00:11:29 | 00:11:32 | going to higher budgets |
00:11:30 | 00:11:34 | this isn't the same exact strategy i use |
00:11:32 | 00:11:36 | now i'm gonna do an |
00:11:34 | 00:11:37 | updated facebook ads tutorial for you |
00:11:36 | 00:11:40 | guys soon but |
00:11:37 | 00:11:40 | in 2018 2017 this was what worked the |
00:11:40 | 00:11:42 | best so |
00:11:40 | 00:11:44 | i just kept duplicating thousand dollar |
00:11:42 | 00:11:46 | budget 300 budget |
00:11:44 | 00:11:48 | had a bunch of campaigns running and |
00:11:46 | 00:11:49 | yeah at the end of the month it was a |
00:11:48 | 00:11:51 | great month |
00:11:49 | 00:11:52 | it's funny about this one this product |
00:11:51 | 00:11:55 | is just a simple photo ad |
00:11:52 | 00:11:57 | no videos and it absolutely crushed and |
00:11:55 | 00:11:59 | going into december with |
00:11:57 | 00:12:02 | everything that i had done in november i |
00:11:59 | 00:12:03 | just scaled up for the first two weeks |
00:12:02 | 00:12:06 | and then i scaled back |
00:12:03 | 00:12:06 | for christmas and that pretty much wraps |
00:12:06 | 00:12:09 | up |
00:12:06 | 00:12:10 | the year of 2017 for this business to be |
00:12:09 | 00:12:12 | honest with you |
00:12:10 | 00:12:13 | i was on top of the world i was this 18 |
00:12:12 | 00:12:16 | year old kid that |
00:12:13 | 00:12:17 | was coming up from literally nothing and |
00:12:16 | 00:12:18 | i had really made a bunch of money in |
00:12:17 | 00:12:20 | one year |
00:12:18 | 00:12:22 | and it gave me the confidence that i was |
00:12:20 | 00:12:24 | lacking in my life i always knew i |
00:12:22 | 00:12:26 | wanted to be an entrepreneur but this |
00:12:24 | 00:12:28 | really showed me that i was |
00:12:26 | 00:12:29 | and that i really could build something |
00:12:28 | 00:12:32 | great and |
00:12:29 | 00:12:34 | what happened next is not the most fun |
00:12:32 | 00:12:36 | part but i think that is going to be the |
00:12:34 | 00:12:38 | most valuable part of this video because |
00:12:36 | 00:12:39 | it would have saved me a lot of headache |
00:12:38 | 00:12:40 | and i would have made a lot more money |
00:12:39 | 00:12:42 | back then so |
00:12:40 | 00:12:43 | make sure you listen very closely to |
00:12:42 | 00:12:45 | what i'm about to tell you so that year |
00:12:43 | 00:12:46 | i had made a couple hundred thousand |
00:12:45 | 00:12:48 | dollars and |
00:12:46 | 00:12:50 | honestly i wasn't prepared for it at all |
00:12:48 | 00:12:50 | i was still fulfilling with aliexpress |
00:12:50 | 00:12:53 | and |
00:12:50 | 00:12:54 | that backfired really badly i didn't |
00:12:53 | 00:12:57 | have a team of bookkeepers |
00:12:54 | 00:12:59 | i was only using order metrics and just |
00:12:57 | 00:13:01 | looking at this dashboard numbers there |
00:12:59 | 00:13:01 | i didn't have accurate bookkeeping at |
00:13:01 | 00:13:03 | all |
00:13:01 | 00:13:04 | and quite frankly my supplier was doing |
00:13:03 | 00:13:06 | a terrible job |
00:13:04 | 00:13:08 | the best thing that we had going for us |
00:13:06 | 00:13:09 | in that business was my marketing skill |
00:13:08 | 00:13:11 | set |
00:13:09 | 00:13:12 | the products that we were selling and |
00:13:11 | 00:13:14 | our customer support team if we didn't |
00:13:12 | 00:13:15 | have my customer support agent who i |
00:13:14 | 00:13:16 | still work with |
00:13:15 | 00:13:17 | this day if you're watching this video |
00:13:16 | 00:13:18 | shout out to you we would have been |
00:13:17 | 00:13:20 | totally screwed |
00:13:18 | 00:13:22 | basically because i didn't do my due |
00:13:20 | 00:13:24 | diligence on this supplier properly |
00:13:22 | 00:13:26 | we were getting a ton of fake tracking |
00:13:24 | 00:13:26 | numbers for the lunch box and these |
00:13:26 | 00:13:29 | products were |
00:13:26 | 00:13:31 | not shipping out in a timely manner at |
00:13:29 | 00:13:33 | all some of them weren't even shipping |
00:13:31 | 00:13:35 | so orders were taking weeks to show up |
00:13:33 | 00:13:37 | and our customers were really upset we |
00:13:35 | 00:13:38 | were dishing out a bunch of refunds |
00:13:37 | 00:13:40 | you know we were helping these people |
00:13:38 | 00:13:41 | out it's not like i was just scamming |
00:13:40 | 00:13:43 | them we were refunding them |
00:13:41 | 00:13:44 | we would send them replacements we would |
00:13:43 | 00:13:46 | do everything we can to make sure they |
00:13:44 | 00:13:48 | were happy but regardless |
00:13:46 | 00:13:50 | 60 of customers got their product but |
00:13:48 | 00:13:51 | like 30 to 40 percent were just taking |
00:13:50 | 00:13:52 | forever |
00:13:51 | 00:13:55 | and some of them didn't even get shipped |
00:13:52 | 00:13:57 | going into the year of 2018 |
00:13:55 | 00:13:58 | it was my goal to never let this happen |
00:13:57 | 00:14:00 | again and do things |
00:13:58 | 00:14:03 | the right way honestly i should have |
00:14:00 | 00:14:05 | just fired my supplier at that point but |
00:14:03 | 00:14:07 | we spoke a lot and she was telling me |
00:14:05 | 00:14:08 | why this was happening and that it would |
00:14:07 | 00:14:10 | never happen again |
00:14:08 | 00:14:11 | stop the cap and how she was gonna fix |
00:14:10 | 00:14:14 | it so |
00:14:11 | 00:14:16 | like an idiot i trusted her going into |
00:14:14 | 00:14:16 | the next year of january if we take a |
00:14:16 | 00:14:19 | look |
00:14:16 | 00:14:21 | at january for this store you can see |
00:14:19 | 00:14:23 | that i fired the ads back |
00:14:21 | 00:14:25 | up and we almost had another hundred |
00:14:23 | 00:14:27 | thousand dollars in sales |
00:14:25 | 00:14:29 | and the crazy part is if you look at the |
00:14:27 | 00:14:30 | roads and the cost per purchase in |
00:14:29 | 00:14:32 | january |
00:14:30 | 00:14:35 | the numbers were even better than they |
00:14:32 | 00:14:37 | were before like a 3x roads 20 |
00:14:35 | 00:14:39 | cost per purchase it was going really |
00:14:37 | 00:14:41 | good in january now i had made another |
00:14:39 | 00:14:41 | critikal mistake in this month of |
00:14:41 | 00:14:43 | january |
00:14:41 | 00:14:45 | instead of just focusing on this |
00:14:43 | 00:14:47 | lunchbox product and becoming the best |
00:14:45 | 00:14:49 | seller for this product |
00:14:47 | 00:14:50 | i just started testing a bunch of other |
00:14:49 | 00:14:52 | products because i was like well |
00:14:50 | 00:14:54 | you know you don't want to just rely on |
00:14:52 | 00:14:55 | one you want to have 20 winning products |
00:14:54 | 00:14:57 | which |
00:14:55 | 00:14:58 | is no longer my philosophy and if |
00:14:57 | 00:14:59 | somebody is trying to teach you that |
00:14:58 | 00:15:02 | strategy |
00:14:59 | 00:15:03 | i just don't stand by it the only way i |
00:15:02 | 00:15:06 | would recommend that is if they're |
00:15:03 | 00:15:07 | all in the same niche or they're all |
00:15:06 | 00:15:09 | very related |
00:15:07 | 00:15:11 | otherwise i wouldn't do that at all i |
00:15:09 | 00:15:13 | was testing everything under the sun |
00:15:11 | 00:15:14 | so that i could have multiple winning |
00:15:13 | 00:15:16 | products now thankfully |
00:15:14 | 00:15:17 | i found two more winning products i |
00:15:16 | 00:15:18 | found the sandblaster which i've toked |
00:15:17 | 00:15:21 | about in a video before |
00:15:18 | 00:15:23 | and i found this metallic marker set so |
00:15:21 | 00:15:23 | now on this store i had three winning |
00:15:23 | 00:15:25 | products but |
00:15:23 | 00:15:28 | my business still wasn't optimized and |
00:15:25 | 00:15:29 | my supplier really wasn't doing the |
00:15:28 | 00:15:32 | things that she promised |
00:15:29 | 00:15:34 | so it was time to let her go and figure |
00:15:32 | 00:15:34 | out a new solution for that so after i |
00:15:34 | 00:15:36 | fired her |
00:15:34 | 00:15:38 | i found my first agent basically it's |
00:15:36 | 00:15:39 | somebody that has a bunch of connections |
00:15:38 | 00:15:40 | in china |
00:15:39 | 00:15:42 | to get you faster shipping cheaper |
00:15:40 | 00:15:44 | manufacturing and the best quality of |
00:15:42 | 00:15:46 | your product going into february |
00:15:44 | 00:15:48 | i was armed with this new level of |
00:15:46 | 00:15:50 | confidence because i had this new agent |
00:15:48 | 00:15:52 | and once again we had another 100k month |
00:15:50 | 00:15:55 | but unfortunately |
00:15:52 | 00:15:55 | your boy messed up again this was an |
00:15:55 | 00:15:58 | agent |
00:15:55 | 00:15:59 | that did not come recommended to me from |
00:15:58 | 00:16:00 | somebody this is somebody that reached |
00:15:59 | 00:16:02 | out to me |
00:16:00 | 00:16:03 | cold because at the time i was making |
00:16:02 | 00:16:04 | youtube videos so i was getting hit up |
00:16:03 | 00:16:07 | from these people |
00:16:04 | 00:16:09 | and i got on a call with this guy and he |
00:16:07 | 00:16:11 | was selling me the dream i thought that |
00:16:09 | 00:16:14 | this guy had the best service since |
00:16:11 | 00:16:17 | sliced bread his service sounded like |
00:16:14 | 00:16:18 | exactly what i needed and i was ready to |
00:16:17 | 00:16:21 | work with him for the long haul |
00:16:18 | 00:16:22 | turns out i was his first customer he |
00:16:21 | 00:16:24 | actually had |
00:16:22 | 00:16:25 | no idea what he was doing and he was |
00:16:24 | 00:16:28 | like using me |
00:16:25 | 00:16:28 | as the guinea pig for his new service as |
00:16:28 | 00:16:31 | a result of that |
00:16:28 | 00:16:33 | he was not prepared to handle the level |
00:16:31 | 00:16:36 | of scale that my business was doing |
00:16:33 | 00:16:36 | and the same thing happened to me again |
00:16:36 | 00:16:39 | so at this point |
00:16:36 | 00:16:40 | end of february i just decided to slow |
00:16:39 | 00:16:43 | down scaling i was like look i got |
00:16:40 | 00:16:44 | enough cash to live for like at least |
00:16:43 | 00:16:46 | like two years |
00:16:44 | 00:16:48 | with my current expenses i'm just not |
00:16:46 | 00:16:50 | gonna do this scaling thing right now i |
00:16:48 | 00:16:51 | need to make sure that everybody's |
00:16:50 | 00:16:53 | good on the customer side and that we |
00:16:51 | 00:16:54 | don't deal with this issue moving |
00:16:53 | 00:16:55 | forward |
00:16:54 | 00:16:57 | so that's pretty much what march and |
00:16:55 | 00:16:59 | april was it was dealing with |
00:16:57 | 00:17:01 | a ton of negative feedback from our |
00:16:59 | 00:17:02 | customers i think i dished out like 20k |
00:17:01 | 00:17:06 | in refunds |
00:17:02 | 00:17:07 | very painful and the sad part is that we |
00:17:06 | 00:17:08 | were still getting a ton of orders just |
00:17:07 | 00:17:11 | organically i mean it's not |
00:17:08 | 00:17:12 | sad but it's just unfortunate because |
00:17:11 | 00:17:14 | you know this brand was doing |
00:17:12 | 00:17:16 | really well can't even really call it a |
00:17:14 | 00:17:18 | brand it's a general store |
00:17:16 | 00:17:19 | but i just didn't build the systems |
00:17:18 | 00:17:21 | properly to maintain it |
00:17:19 | 00:17:24 | and you know it's a couple reasons why |
00:17:21 | 00:17:26 | that is i was inexperienced i was young |
00:17:24 | 00:17:27 | i had bad habits in my personal life i |
00:17:26 | 00:17:30 | think that allowed me to not |
00:17:27 | 00:17:31 | focus entirely on this the way i should |
00:17:30 | 00:17:33 | but thankfully |
00:17:31 | 00:17:36 | i learned from those mistakes and that |
00:17:33 | 00:17:36 | brings me to the phase of what happened |
00:17:36 | 00:17:38 | after |
00:17:36 | 00:17:40 | so after all that happened i decided to |
00:17:38 | 00:17:41 | take some time to just make sure |
00:17:40 | 00:17:43 | all of our customers were good and after |
00:17:41 | 00:17:44 | all that was finished i actually took a |
00:17:43 | 00:17:46 | break from e-commerce for a couple |
00:17:44 | 00:17:47 | months i wanted to use that |
00:17:46 | 00:17:49 | time to reflect on everything that i had |
00:17:47 | 00:17:51 | learned from that situation |
00:17:49 | 00:17:52 | and make sure that the next time i did |
00:17:51 | 00:17:54 | it those same problems |
00:17:52 | 00:17:56 | wouldn't happen and a few months after |
00:17:54 | 00:17:57 | that i started my first branded drop |
00:17:56 | 00:17:59 | shipping store |
00:17:57 | 00:18:00 | and that was where things started to |
00:17:59 | 00:18:01 | change and go really in the right |
00:18:00 | 00:18:03 | direction |
00:18:01 | 00:18:04 | and now using that same branded drop |
00:18:03 | 00:18:06 | shipping approach that i've been doing |
00:18:04 | 00:18:07 | now for over two years |
00:18:06 | 00:18:09 | i'm generating over a hundred thousand |
00:18:07 | 00:18:11 | dollars a month consistently |
00:18:09 | 00:18:12 | my customers are happy i love the |
00:18:11 | 00:18:14 | products that i'm selling |
00:18:12 | 00:18:17 | and i really have long term potential |
00:18:14 | 00:18:18 | with these brands that i am building |
00:18:17 | 00:18:20 | so the moral of the story is that you're |
00:18:18 | 00:18:21 | gonna have to make some really painful |
00:18:20 | 00:18:23 | mistakes |
00:18:21 | 00:18:24 | in your journey at first the painful |
00:18:23 | 00:18:26 | mistakes were |
00:18:24 | 00:18:28 | me just losing money trying to test |
00:18:26 | 00:18:30 | products and find winners |
00:18:28 | 00:18:31 | and then at the end of that first year |
00:18:30 | 00:18:33 | the painful mistakes were |
00:18:31 | 00:18:34 | just not taking care of my customers as |
00:18:33 | 00:18:38 | best as possible |
00:18:34 | 00:18:40 | but if i hadn't made those mistakes |
00:18:38 | 00:18:42 | i wouldn't have learned those lessons |
00:18:40 | 00:18:44 | and been able to fix them moving |
00:18:42 | 00:18:46 | forward but thankfully for you you watch |
00:18:44 | 00:18:48 | this video where i broke them down |
00:18:46 | 00:18:50 | so please for the love of god do not |
00:18:48 | 00:18:52 | make the same mistakes that i did |
00:18:50 | 00:18:53 | save yourself the headache save yourself |
00:18:52 | 00:18:54 | thousands of dollars and try your best |
00:18:53 | 00:18:56 | to do things |
00:18:54 | 00:18:58 | right from the start mistakes are |
00:18:56 | 00:18:58 | inevitable you're gonna have your own |
00:18:58 | 00:19:00 | screw-ups |
00:18:58 | 00:19:02 | but just don't make the same mistakes |
00:19:00 | 00:19:03 | that i made in my journey |
00:19:02 | 00:19:06 | and i promise you you will thank |
00:19:03 | 00:19:07 | yourself for it so i hope that you guys |
00:19:06 | 00:19:09 | enjoyed this video |
00:19:07 | 00:19:10 | i hope you appreciate this quality of |
00:19:09 | 00:19:12 | content if you did |
00:19:10 | 00:19:14 | give me a thumbs up and go ahead in the |
00:19:12 | 00:19:15 | comments let me know |
00:19:14 | 00:19:17 | what is the biggest struggle you're |
00:19:15 | 00:19:19 | having in your ecommerce journey |
00:19:17 | 00:19:20 | or if you're somebody who has seen |
00:19:19 | 00:19:22 | success tell me the biggest lesson that |
00:19:20 | 00:19:23 | you've learned in your journey because |
00:19:22 | 00:19:25 | i'm still a student of the game |
00:19:23 | 00:19:26 | and i want to learn from you guys so let |
00:19:25 | 00:19:28 | me know in the comments down below hope |
00:19:26 | 00:19:39 | you have a great weekend |
00:19:28 | 00:19:41 | tok to you soon peace |
00:19:39 | 00:19:41 | you |
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