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Why I HATE Starting Shopify Stores | Career Change

Published on: December 4 2022 by Hayden Bowles

Why I HATE Starting Shopify Stores | Career Change

The above is a brief introduction to Why I HATE Starting Shopify Stores | Career Change.

Let's move on to the first section of Why I HATE Starting Shopify Stores | Career Change!

Why I HATE Starting Shopify Stores | Career Change

startTime durationTime text
00:00:00 00:00:03 i'm using my mask to block out the name
00:00:02 00:00:05 of this not that it really matters but
00:00:03 00:00:07 we always get a bunch of copycats
00:00:05 00:00:08 here's what the back end of a new
00:00:07 00:00:09 ecommerce store looks like this one's on
00:00:08 00:00:12 shopify
00:00:09 00:00:13 just hit 40 orders doing all right as
00:00:12 00:00:15 you can see
00:00:13 00:00:17 decent looking aovs and stuff over there
00:00:15 00:00:19 but uh it's been a while
00:00:17 00:00:21 since i've started something brand new
00:00:19 00:00:22 so super excited for it just using it as
00:00:21 00:00:24 a case study inside of one of our
00:00:22 00:00:25 training programs so
00:00:24 00:00:27 that is going to be super fun but
00:00:25 00:00:29 anyways i've been in a super good flow
00:00:27 00:00:30 state for like the last couple months
00:00:29 00:00:31 which is great
00:00:30 00:00:33 just focus just dial you know you're
00:00:31 00:00:34 feeling good you've got those good
00:00:33 00:00:37 seasons through your life so i'm just
00:00:34 00:00:38 focused everything's dialed in and uh
00:00:37 00:00:39 i'm really enjoying it so i'm trying not
00:00:38 00:00:41 to mess that up at all but
00:00:39 00:00:43 anyways it's about 1 30 right now i've
00:00:41 00:00:44 been working for the past six hours or
00:00:43 00:00:46 so then i hit the gym
00:00:44 00:00:49 shower at eight and now i'm just gonna
00:00:46 00:00:50 go see what today will bring us
00:00:49 00:00:53 and definitely go outside that's the
00:00:50 00:00:54 goal so gonna go check it out and see
00:00:53 00:00:55 what we can't get into
00:00:54 00:00:57 for anyone who knows me personally you
00:00:55 00:00:59 know that i love
00:00:57 00:01:01 fruit i keep a lot of fresh fruits
00:00:59 00:01:02 around i think it is a very important
00:01:01 00:01:05 key
00:01:02 00:01:08 i also just got in a bunch of fresh
00:01:05 00:01:10 meats this is uh 15 pounds of ground
00:01:08 00:01:12 beef bunch of fillets
00:01:10 00:01:14 a bunch of fish couple pounds of chicken
00:01:12 00:01:16 10 or 15 ribeyes
00:01:14 00:01:17 got a bunch of maple sausage and bacon a
00:01:16 00:01:19 bunch of different stuff from my
00:01:17 00:01:20 favorite farm in virginia i've been
00:01:19 00:01:22 ordering fresh meats from there
00:01:20 00:01:24 on and off for about three years they
00:01:22 00:01:24 like different subscription boxes and
00:01:24 00:01:26 stuff
00:01:24 00:01:27 you guys can check out the company it's
00:01:26 00:01:29 called farmer's cart i believe
00:01:27 00:01:31 uh not a paid promotion but i love good
00:01:29 00:01:33 meat love good food staying healthy
00:01:31 00:01:33 keeps your mind clear mind focused but
00:01:33 00:01:35 anyways
00:01:33 00:01:37 i'm currently packing up headed off to
00:01:35 00:01:39 the beach for a little bit
00:01:37 00:01:40 i'm gonna attempt to just relax listen
00:01:39 00:01:42 to a podcast
00:01:40 00:01:43 try and read a little bit today we have
00:01:42 00:01:46 got passive income
00:01:43 00:01:49 aggressive retirement rachel richards
00:01:46 00:01:51 a low-key beast i respect it and uh i
00:01:49 00:01:52 just try to read a little bit every once
00:01:51 00:01:53 in a while this is a pretty light book
00:01:52 00:01:55 pretty simple
00:01:53 00:01:57 easy structure i'm not a big reader
00:01:55 00:01:58 truth be told i just
00:01:57 00:01:59 it was it was something that was just
00:01:58 00:02:00 ruined for me because of school like
00:01:59 00:02:02 they'd forced you to read this book
00:02:00 00:02:03 force you to read that so
00:02:02 00:02:05 i just reject it and i'm still not a big
00:02:03 00:02:06 reader it's hard for me with like my
00:02:05 00:02:08 adhd and ocd to like
00:02:06 00:02:10 attempt to focus on something visual
00:02:08 00:02:12 like that that's not very entertaining
00:02:10 00:02:14 you know words are really boring so
00:02:12 00:02:15 i try something i like to do to relax
00:02:14 00:02:16 and just train my brain but
00:02:15 00:02:18 nonetheless heading off to the beach i
00:02:16 00:02:19 think my buddy's already down there so
00:02:18 00:02:21 i'm gonna see if i can't find him and uh
00:02:19 00:02:22 hang out for a bit
00:02:21 00:02:25 it's hot out
00:02:25 00:02:31 what's up buddy season
00:02:29 00:02:33 juice season buddy looks like he's
00:02:31 00:02:36 straight out of florida
00:02:33 00:02:38 that's my dad my dad paid for this i can
00:02:36 00:02:40 always spend some qualifications
00:02:38 00:02:42 it's all inclusive that's how i got this
00:02:40 00:02:45 apple project
00:02:42 00:02:46 oh yeah well it's beautiful now oh and a
00:02:45 00:02:47 quick update i almost forgot for the
00:02:46 00:02:49 next four days we're doing something
00:02:47 00:02:51 really cool where you can get our brand
00:02:49 00:02:54 new e-commerce program the performance
00:02:51 00:02:56 drop shipping program for only 4.97
00:02:54 00:02:57 instead of 9.97
00:02:56 00:02:59 you're going to save 500 bucks getting
00:02:57 00:03:01 in there that shows you everything the
00:02:59 00:03:03 entire business structure tax is legal
00:03:01 00:03:05 you get all of our individual
00:03:03 00:03:06 connections from toking about payment
00:03:05 00:03:08 processors to giving you the suppliers
00:03:06 00:03:10 that we work with every little detail
00:03:08 00:03:11 and we're going to include our in-depth
00:03:10 00:03:13 high-level facebook ad training which is
00:03:11 00:03:14 normally another 500 bucks
00:03:13 00:03:16 for free we've never done this before
00:03:14 00:03:17 we're not going to do it again but take
00:03:16 00:03:19 full advantage of it if you want to get
00:03:17 00:03:20 both of those for just 4.97
00:03:19 00:03:22 by using the link in the description all
00:03:20 00:03:24 right so now that we are in the official
00:03:22 00:03:26 setup right where i got a laptop
00:03:24 00:03:28 and a microphone and hopefully it looks
00:03:26 00:03:30 and sounds good i want to explain
00:03:28 00:03:32 specifically these two points of why i'm
00:03:30 00:03:34 not a huge fan of starting new stores
00:03:32 00:03:36 it's more so just me nitpicking
00:03:34 00:03:36 specifics because of the experiences
00:03:36 00:03:38 i've had
00:03:36 00:03:40 but here are two things okay number one
00:03:38 00:03:42 getting a merchant okay
00:03:40 00:03:44 first of all a lot of people who jump
00:03:42 00:03:44 into this industry think that shopify
00:03:44 00:03:47 payments
00:03:44 00:03:49 stripe and paypal are real merchants and
00:03:47 00:03:50 that that's a processor and that's
00:03:49 00:03:52 something you could use long term
00:03:50 00:03:53 and i'll tell you this from experience i
00:03:52 00:03:54 know hundreds of people have been in
00:03:53 00:03:55 this space
00:03:54 00:03:57 i've taught more than that i only know
00:03:55 00:03:59 one person who still to this day
00:03:57 00:04:00 has done tens of millions of dollars of
00:03:59 00:04:02 sales using stripe
00:04:00 00:04:04 okay only one person out of all these
00:04:02 00:04:05 people inside the ecommerce space the
00:04:04 00:04:08 reason for that
00:04:05 00:04:10 stripe and shopify payments they're the
00:04:08 00:04:11 same thing shopify payments is powered
00:04:10 00:04:12 by stripe
00:04:11 00:04:14 they're not a real processor they're
00:04:12 00:04:17 what's known as a payment aggregator
00:04:14 00:04:18 meaning they're basically a middleman of
00:04:17 00:04:20 a middleman
00:04:18 00:04:21 so that's why your account's instantly
00:04:20 00:04:23 approved which is not what would happen
00:04:21 00:04:25 with a real merchant so
00:04:23 00:04:26 the reason why it causes issues it's
00:04:25 00:04:29 unreliable you don't have a personal
00:04:26 00:04:31 contact there you can't really get exact
00:04:29 00:04:32 estimates on stuff you don't know if
00:04:31 00:04:33 there's gonna be a random reserve
00:04:32 00:04:34 slapped on your account tonight while
00:04:33 00:04:36 you're sleeping
00:04:34 00:04:38 so it's very unpredictable and that
00:04:36 00:04:39 inconsistency is never good
00:04:38 00:04:41 okay i'll tell you that from experience
00:04:39 00:04:43 so again it's really important to get a
00:04:41 00:04:44 real merchant once you know your store
00:04:43 00:04:45 is going to be something you're running
00:04:44 00:04:47 long term
00:04:45 00:04:48 for the purpose of consistent reliable
00:04:47 00:04:50 cash flow
00:04:48 00:04:52 better rates better payouts everything
00:04:50 00:04:54 is just real and consistent okay
00:04:52 00:04:56 so it's annoying because every time you
00:04:54 00:04:57 get a real merchant they usually do a
00:04:56 00:04:59 credit pull
00:04:57 00:05:01 now even with merchants that i use where
00:04:59 00:05:02 i've opened two dozen accounts with them
00:05:01 00:05:04 they still pull
00:05:02 00:05:06 credit if there's been a decent lapse of
00:05:04 00:05:08 time since the last one i got opened
00:05:06 00:05:10 you know so it's similar to like buying
00:05:08 00:05:12 a piece of property if you're not buying
00:05:10 00:05:13 it within 90 days the next one
00:05:12 00:05:14 they're still going to pull your credit
00:05:13 00:05:15 again they just want to verify
00:05:14 00:05:16 everything again very similar with a
00:05:15 00:05:17 real
00:05:16 00:05:18 merchant and that's a good thing because
00:05:17 00:05:19 it means you're getting approved by
00:05:18 00:05:21 someone proper
00:05:19 00:05:22 okay but it gets a little bit annoying
00:05:21 00:05:26 because
00:05:22 00:05:27 i opened 16 mids one time in two weeks
00:05:26 00:05:29 each of them had a credit pull
00:05:27 00:05:31 and i was trying to scale outwards this
00:05:29 00:05:33 is when i had a team of people around me
00:05:31 00:05:34 um you know i'd rented a huge house i
00:05:33 00:05:36 had a bunch of people it kind of it
00:05:34 00:05:37 worked made some money this and that but
00:05:36 00:05:39 like anyways we launched like over 20
00:05:37 00:05:41 stores it was all within a couple
00:05:39 00:05:42 a couple week time frame i had all these
00:05:41 00:05:43 people working running ads doing all
00:05:42 00:05:45 this stuff it was really cool i was
00:05:43 00:05:46 trying to scale outwards versus just
00:05:45 00:05:47 vertikal which is what i'd been doing
00:05:46 00:05:48 for years
00:05:47 00:05:50 i didn't really think too much about it
00:05:48 00:05:51 but the 16 different mids that each of
00:05:50 00:05:52 those hit my credit i had 16 different
00:05:51 00:05:54 inquiries
00:05:52 00:05:56 it actually really really hurt my credit
00:05:54 00:05:57 which caused it to hurt my real estate
00:05:56 00:05:59 when i was trying to buy some rental
00:05:57 00:06:00 properties because it was just a lot of
00:05:59 00:06:01 inquiries brought the credit score down
00:06:00 00:06:02 a lot
00:06:01 00:06:04 and that actually did cost me money it
00:06:02 00:06:06 cost me a couple points it cost me
00:06:04 00:06:07 probably 0.5 percent of an interest rate
00:06:06 00:06:08 on one of my properties which you know
00:06:07 00:06:09 long term you can refinance this stuff
00:06:08 00:06:10 but nonetheless
00:06:09 00:06:12 still a little bit annoying so getting a
00:06:10 00:06:13 merchant is a pain in the butt they
00:06:12 00:06:16 always want a lot of verification
00:06:13 00:06:17 a real proper merchant number two is new
00:06:16 00:06:19 ad accounts so for you facebook
00:06:17 00:06:20 advertisers google advertisers
00:06:19 00:06:22 if you're starting on facebook
00:06:20 00:06:23 specifically usually you're going to
00:06:22 00:06:25 have a 50
00:06:23 00:06:28 a day limit then once you break through
00:06:25 00:06:30 that then it's going to be a 250
00:06:28 00:06:31 a day and i've notiked requests get
00:06:30 00:06:33 denied more and more now so those
00:06:31 00:06:34 breakout periods to be able to break out
00:06:33 00:06:36 above a 250
00:06:34 00:06:37 a day limit used to take five six days
00:06:36 00:06:40 now it's taking
00:06:37 00:06:42 10 days to two weeks that's a long
00:06:40 00:06:43 period of time that gets very annoying
00:06:42 00:06:45 because you have to be hitting that
00:06:43 00:06:46 250-day to have the potential to get it
00:06:45 00:06:47 raised faster
00:06:46 00:06:49 which means usually you're not as
00:06:47 00:06:51 optimized on your spending so
00:06:49 00:06:52 it's weird that uh you know a platform
00:06:51 00:06:54 like that that makes money
00:06:52 00:06:56 because they sell ad space will limit
00:06:54 00:06:57 how much money you can spend
00:06:56 00:06:59 but it is what it is you got to warm it
00:06:57 00:06:59 up and build that relationship with them
00:06:59 00:07:00 so
00:06:59 00:07:03 totally fine everybody has to start
00:07:00 00:07:04 somewhere you know like i don't want to
00:07:03 00:07:05 discredit people who are like oh well
00:07:04 00:07:06 then how would i get around how do i do
00:07:05 00:07:07 this look
00:07:06 00:07:09 if you don't have a seasoned business
00:07:07 00:07:10 manager if you haven't run a ton of ads
00:07:09 00:07:12 you got to do it it's just part of the
00:07:10 00:07:13 process but it is annoying
00:07:12 00:07:15 and that's one reason why i really just
00:07:13 00:07:17 try to not start as many new projects i
00:07:15 00:07:18 would rather just go super deep and
00:07:17 00:07:20 scale vertikal on things that are
00:07:18 00:07:22 already working of mine so
00:07:20 00:07:24 i've had to find that balance it's been
00:07:22 00:07:25 an interesting point but i do want to
00:07:24 00:07:28 point this out
00:07:25 00:07:29 non-diversification risk versus the pain
00:07:28 00:07:32 in the ass
00:07:29 00:07:34 of starting so for an example when i'm
00:07:32 00:07:36 trying to start all these different
00:07:34 00:07:38 things it's diversification
00:07:36 00:07:40 i went from the two things i had been
00:07:38 00:07:42 running for a long period of time to
00:07:40 00:07:43 at least 25 in a couple month period was
00:07:42 00:07:45 the total amount that we had reached
00:07:43 00:07:46 it was a lot of diversification because
00:07:45 00:07:47 each of those were toking about
00:07:46 00:07:49 multiple different ad accounts for each
00:07:47 00:07:50 all the different processors had
00:07:49 00:07:51 multiple different llcs you know
00:07:50 00:07:53 grouping them together
00:07:51 00:07:54 so it's very much so separate certain
00:07:53 00:07:57 things we were using different suppliers
00:07:54 00:07:58 so very separate very diversified but i
00:07:57 00:08:00 did it too much
00:07:58 00:08:02 and then there's the the version where
00:08:00 00:08:04 you're just not diversifying
00:08:02 00:08:06 where you're staying in one vertikal you
00:08:04 00:08:08 only have one thing one ad account one
00:08:06 00:08:09 payment processor for it
00:08:08 00:08:12 everything is one it's very specific and
00:08:09 00:08:14 if any little chain in that whole
00:08:12 00:08:15 domino effect if one falls everything
00:08:14 00:08:16 else is gonna fall right it's just that
00:08:15 00:08:17 chain reaction so
00:08:16 00:08:19 that's where it becomes a little bit of
00:08:17 00:08:20 risk now again it's a huge pain in the
00:08:19 00:08:21 ass to diversify it like that
00:08:20 00:08:22 but i've kind of found that middle
00:08:21 00:08:24 ground where i always kind of have my
00:08:22 00:08:26 two main things running and every once
00:08:24 00:08:27 in a while i'll start something new and
00:08:26 00:08:27 as you guys are seeing on the channel
00:08:27 00:08:29 right now
00:08:27 00:08:30 i'm in the middle of a case study on a
00:08:29 00:08:32 brand new store that i started was the
00:08:30 00:08:33 first brand that i've started in the
00:08:32 00:08:34 last
00:08:33 00:08:35 year which is super exciting so i'm
00:08:34 00:08:36 keeping you guys up to date doing a
00:08:35 00:08:38 couple hundred bucks a day right now
00:08:36 00:08:40 starting to profit on that so
00:08:38 00:08:41 you'll be seeing some more updates on it
00:08:40 00:08:43 on the channel for sure so make sure to
00:08:41 00:08:44 drop a like if you want to see that but
00:08:43 00:08:45 that's pretty much what i got for you in
00:08:44 00:08:46 terms of why it's really really
00:08:45 00:08:48 frustrating
00:08:46 00:08:50 and i try to stay away from starting
00:08:48 00:08:53 brand new shopify stores
00:08:50 00:08:54 all right new store right here can't
00:08:53 00:08:55 show you guys too much
00:08:54 00:08:57 on the update because it will come in a
00:08:55 00:08:59 case study video soon i'll be doing
00:08:57 00:09:01 monthly updates
00:08:59 00:09:03 you ever had a shopify store trevor uh
00:09:01 00:09:05 yeah i failed but keep buying doge
00:09:03 00:09:07 doge doge versus shopify what's a better
00:09:05 00:09:08 investment
00:09:07 00:09:10 who knows you'll have to buy that
00:09:08 00:09:13 yourself i guess we'll see
00:09:10 00:09:15 those to a thousand thousand sixty
00:09:13 00:09:17 those just dude it's not what is it at
00:09:15 00:09:19 30 cents 33
00:09:17 00:09:21 33 well don't hey don't even bother
00:09:19 00:09:22 starting a shopify store it is annoying
00:09:21 00:09:24 we're going to tok more on that here
00:09:22 00:09:28 shortly but it is
00:09:24 00:09:28 12 47. imagine like trying to flex this
00:09:28 00:09:31 like
00:09:28 00:09:33 look at the time but it's it's 111 111
00:09:31 00:09:35 in revenue
00:09:33 00:09:37 anyways that means uh 13 minutes until
00:09:35 00:09:38 the gym so i'm off
00:09:37 00:09:41 we're getting the official update here
00:09:38 00:09:45 what'd you say dosh went up to 43
00:09:41 00:09:48 this morning down to 30
00:09:45 00:09:51 about 28 minutes ago and back up to 34.
00:09:48 00:09:52 so you're rich now ah dosa's on a roller
00:09:51 00:09:53 coaster ah
00:09:52 00:09:54 i've been thinking about buying a
00:09:53 00:09:55 thousand bucks but i don't want to throw
00:09:54 00:09:58 away a thousand bucks worth but we'll
00:09:55 00:09:58 see
00:10:01 00:10:06 all right so i just sent a list of
00:10:03 00:10:07 products i need sent to a warehouse from
00:10:06 00:10:09 a supplier and look at what i just sent
00:10:07 00:10:11 them i sent a warehouse address to send
00:10:09 00:10:11 some stuff to and a couple of products
00:10:11 00:10:13 to send there
00:10:11 00:10:15 be great if i could hear back on that
00:10:13 00:10:16 feel free to give me a contact back here
00:10:15 00:10:19 poke me on the phone on snapchat
00:10:16 00:10:21 whatsapp or any of those apps bye
00:10:19 00:10:22 he's gonna be confused to say the least
00:10:21 00:10:24 but yeah i like to keep it light and
00:10:22 00:10:25 have some fun you know you gotta have
00:10:24 00:10:27 fun while you're working so
00:10:25 00:10:29 there was my message requesting a
00:10:27 00:10:31 shipment to a warehouse but
00:10:29 00:10:32 gym time one thing about this gym is it
00:10:31 00:10:35 gets
00:10:32 00:10:37 really really hot like humid in here so
00:10:35 00:10:38 i like to set it it gets down to like 65
00:10:37 00:10:40 on workout and that's
00:10:38 00:10:42 super nice but this is uh i don't know
00:10:40 00:10:43 if i've shown this the gym here in the
00:10:42 00:10:45 building
00:10:43 00:10:46 nothing too crazy but does the trick and
00:10:45 00:10:48 it's nice just because you get it to
00:10:46 00:10:50 yourself you gotta like schedule it so
00:10:48 00:10:52 that's cool let's get down all right
00:10:50 00:10:54 before we end off this video i just had
00:10:52 00:10:54 to let you guys know i'm officially
00:10:54 00:10:56 stepping away
00:10:54 00:10:59 from real estate stepping away from
00:10:56 00:11:02 e-commerce everything i now have
00:10:59 00:11:03 enough money invested inside of dogecoin
00:11:02 00:11:04 my thousand dollars has already turned
00:11:03 00:11:06 into
00:11:04 00:11:08 okay never mind but i have enough money
00:11:06 00:11:09 in there to live on so i just want to
00:11:08 00:11:11 make it clear
00:11:09 00:11:14 i am now officially i have a slight
00:11:11 00:11:16 sliver share of like 3 000 dogecoin
00:11:14 00:11:18 pure gambling like i have zero
00:11:16 00:11:20 expectations for this to be worth more
00:11:18 00:11:21 than a dollar but if it does
00:11:20 00:11:24 great anything i make on this i'll just
00:11:21 00:11:26 donate and do some fun giveaways with so
00:11:24 00:11:27 yeah nonetheless i hope you enjoyed this
00:11:26 00:11:29 video i hope it gave you a little bit of
00:11:27 00:11:31 insight and entertainment into the
00:11:29 00:11:32 business side of things
00:11:31 00:11:34 if you like the style like this i always
00:11:32 00:11:35 switch it up a little bit definitely let
00:11:34 00:11:37 me know by dropping a quick like down
00:11:35 00:11:38 below if you have any questions on any
00:11:37 00:11:39 of the things we toked about anything
00:11:38 00:11:41 but dogecoin
00:11:39 00:11:42 i can't give advice on that make sure to
00:11:41 00:11:43 drop it in the comment section down
00:11:42 00:11:44 below
00:11:43 00:11:45 if you want to check out a bunch of
00:11:44 00:11:47 different resources we have a cool free
00:11:45 00:11:49 eight-step checklist we have a fun
00:11:47 00:11:50 ecommerce program a facebook ad program
00:11:49 00:11:51 and a bunch more stuff
00:11:50 00:11:53 you can find it linked in the
00:11:51 00:11:54 description make sure to check that out
00:11:53 00:11:57 and with that being said i'll see you
00:11:54 00:11:57 in the next video peace

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