[$1000 / Day] eCommerce Journey
- Thread starter SilverJanuary
- Start date
SilverJanuary
Regular Member
- Mar 10, 2013
- 294
- 174
What happened next would get me banned from this forum.
The way I calculate profit is:
Revenue - Ad Spend = Profit
All the products are created by me so there is no cost of production. The true profit at the end of the month is after I take into my hosting + other monthly utilities.
Thanks for following and the support!
Sorry about the lack of updates, I got busy with making some small changes to the website. I'll be updating you guys soon.
SilverJanuary
Regular Member
- Mar 10, 2013
- 294
- 174
Quick Update
So it's been brutal since my last update. I was on my way to $500/day, but then shit hit the fan. Facebook made some changes to their platform. One of the changes that affected me was they now recommend hitting at least 50 conversions (add to cart, contact, purchase, or view) to optimize correctly. It was 15-25 minimum before.
I tried to hit the new minimum with Purchase conversion, but I couldn't scale all the way. Every time I got close; the ad would blow up, and start returning negative ROI. Now I'm working higher up in the funnel. I'm using Add To Cart conversions and with a fraction of the price I was paying when I was doing Purchase conversions, I'm getting a better ROI. Working towards $100/day again.
It's bittersweet, but change is what we should all be expecting as digital marketers. I could have been at $1000/day by now, but oh well. With this bump in the road, it has allowed me to learn how to create custom audiences and better ads in general.
I'll start doing daily updates now again as everything is beginning to settle.
Tensen
Newbie
- Aug 15, 2010
- 29
- 8
Thanks for the prompt update. Sorry to hear about this bump in the road and having to work back even to $100 a day again. I've been checking out some journeys that started this year and yours looked very promising. Well, keep it up and I hope there will be an update again soon
(which would mean everything is beginning to settle. GL
divyanshu14
Regular Member
- Dec 31, 2015
- 219
- 32
What are your product prices and how many sales do you usually get in a day?
JigenD
Junior Member
- Apr 1, 2015
- 105
- 32
Seconding this.
Also, congratulations OP. I am in the process of doing something similar, but with a twist of mine. Also, how is the split of your earnings? Do most of the sales come from the digital products, or from the physical products (which I assume you dropship)?
And regarding your digital products, since they are most likely ebooks/courses/step-by-step programs, are they very long and in depth, or do you do prefer to do something more mid-range, and stay at 100 pages or so (since you go for low prices)?? I am also asking this because charge-backs could definitely become a problem - as PayPal allows for 30 days to reclaim the money back.
Sidhant224
Junior Member
- Aug 15, 2017
- 124
- 61
Do you use woocomerce or easy digital downloads for your CMS?
Good Luck.
Good Luck.
SilverJanuary
Regular Member
- Mar 10, 2013
- 294
- 174
Thanks for the prompt update. Sorry to hear about this bump in the road and having to work back even to $100 a day again. I've been checking out some journeys that started this year and yours looked very promising. Well, keep it up and I hope there will be an update again soon
Thank you @Tensen. Every journey has a bump in the road. Working up to $100/day won't be as tough as I imagine. I need to focus on what was working before and double down on it instead of testing new things (which I did for the last 2 days).
There will be an update shortly.
My products range from $3 - $30. Before I was getting 20-40 sales a day and now I'm getting around 1-5.
I don't drop ship as it's not my kind of business model. I focus on customer service and keeping my customers for the long term. 16-30 days for delivery is ridiculous these days.
I'm 100% digital now and no longer doing any physical products. Logistic is a bitch and a half to deal with, especially with international customers. Each product has one page, but it's in depth. There's a video for each product as well as the one page.
I haven't had an issue with chargebacks/refunds. 90% of my customers are happy with their purchases. While the remaining purchased the wrong item.
My products are low regarding other items people are selling, but in my market, I'm considered pricier.
I use Shopify and thanks!
SilverJanuary
Regular Member
- Mar 10, 2013
- 294
- 174
November 3, 2017
The first day of November, I did what I know would work for the ads. The next two days though was me being dumb and trying something new. I already know that scaling the ads by 10% day-to-day would fuck it up, but for some reason, I did it. I've tried the recommended method, which was increased by 10% every 48hours, and even every 72hours. The ads always shit the bed.
With that, I went back to what I know worked for me. I recreated the ads and increased it by $5 instead. Today (November 4, yeah you guys are behind by a day), the ads are going great so far.
I'm going to be keeping the ads that are on track to hitting 50 ATC (Add To Carts) in 7 days and duplicating the ones that don't.
That's the plan right now for ads as I work up my profits. I'll go over the next step for you guys once I get there.
I have a specific customer profile that I've created, and I'll be writing an article today specifically for that profile. It works great with something I've been working on which is a membership. I want that reoccurring income. I already have a one customer convert over to my membership, and I know more will join soon.
That's all that I'll talk about for this update.
The first day of November, I did what I know would work for the ads. The next two days though was me being dumb and trying something new. I already know that scaling the ads by 10% day-to-day would fuck it up, but for some reason, I did it. I've tried the recommended method, which was increased by 10% every 48hours, and even every 72hours. The ads always shit the bed.
With that, I went back to what I know worked for me. I recreated the ads and increased it by $5 instead. Today (November 4, yeah you guys are behind by a day), the ads are going great so far.
I'm going to be keeping the ads that are on track to hitting 50 ATC (Add To Carts) in 7 days and duplicating the ones that don't.
That's the plan right now for ads as I work up my profits. I'll go over the next step for you guys once I get there.
I have a specific customer profile that I've created, and I'll be writing an article today specifically for that profile. It works great with something I've been working on which is a membership. I want that reoccurring income. I already have a one customer convert over to my membership, and I know more will join soon.
That's all that I'll talk about for this update.
Mr Cracker
BANNED
- Jun 10, 2011
- 607
- 347
November 3, 2017
The first day of November, I did what I know would work for the ads. The next two days though was me being dumb and trying something new. I already know that scaling the ads by 10% day-to-day would fuck it up, but for some reason, I did it. I've tried the recommended method, which was increased by 10% every 48hours, and even every 72hours. The ads always shit the bed.
With that, I went back to what I know worked for me. I recreated the ads and increased it by $5 instead. Today (November 4, yeah you guys are behind by a day), the ads are going great so far.
I'm going to be keeping the ads that are on track to hitting 50 ATC (Add To Carts) in 7 days and duplicating the ones that don't.
That's the plan right now for ads as I work up my profits. I'll go over the next step for you guys once I get there.
I have a specific customer profile that I've created, and I'll be writing an article today specifically for that profile. It works great with something I've been working on which is a membership. I want that reoccurring income. I already have a one customer convert over to my membership, and I know more will join soon.
That's all that I'll talk about for this update.
Thanks for the updates, have you tried IG and YT before?