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Do I give up?

Discussion in 'Making Money' started by carlfisher, Feb 15, 2016.

  1. carlfisher

    carlfisher Junior Member

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    Been at this for a week now, only 1 sale. Shopify and Ali Importer trials are over in 2 days at I'll be £42 down for monthly subscriptions including another £55 between Facebook and Google Ads. Prices are cheap, delivery is £1.95 worldwide, the cost of the goods basically cover to buy them from aliexpress and have them delivered to customers. My only profit is £1.95 for shipping minus the payment fees. Do I call it a day or is there something I can do to start seeing results? I was planning opening a second store in a different niche but highly doubt it after this.

    [​IMG]
     
  2. Optic88

    Optic88 Regular Member Premium Member

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    Giving up anything within a week is going to equal a fail...

    Why not build an email list for the demographics that will be most interested in your products?

    So you can at least have multiple chances of making a sale.
     
  3. Bestindabiz

    Bestindabiz Regular Member

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    Maybe you should give up this method and try something that won't cost so much or cost nothing.
     
  4. carlfisher

    carlfisher Junior Member

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    I wasn't planning on giving up so soon, I was going to wait at least a month or 2 but this is surely depressing.

    How do I build an email list? I do have a subscribe to newsletter section on the site that goes direct to mailchimp, there's also sign up to newsletter at the checkout but sadly only one person been there.

    I don't mind giving away my niche, its toys. I'm selling teddies, action figures, keyrings, phone accessories, watches and more. Prices from £1 so its not at all expensive.

    Tell me more about the email list if you would.
     
  5. carlfisher

    carlfisher Junior Member

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    I read the article by Franklin and thought it was a good way to start. I've been making money online for the past 3 years as a ghost producer, creating songs for artists and selling them but its dying down and needed something with a permanent income. I'm not sure what else to try. I need to read up on a lot of stuff but this one seemed rather self explanatory what to do and I thought my niche would have been a good one.
     
  6. jamesjk1

    jamesjk1 Senior Member

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    So, you've been at this a whole week and are thinking of throwing in the towel? Get a grip! You think anybody would get anywhere in life with that attitude. Nobody here cares whether you succeed or fail, you've gotta' make it happen. You've already made 1 sale, that's great! You know it can take years for offline stores to start turning a profit? Get your mindset right, grow a set of balls and come back when you're not feeling so sorry for yourself.
     
  7. Awavekid

    Awavekid BANNED BANNED

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    The worst title of the year. If you're a guy who quickly moves from one thing to another and gives up right away OR even asks someone if you should give up than you're not a true hustler. One of the screenshots I took earlier this morning by the way is "Have patience. Everything is difficult in the beginning".

    My recommendations are to look around here for topics revolving around the same journey and how they overcome certain obstacles. You might even learn a thing or two. Don't be negative about any type of situation though, that will obviously get you to nowhere.

    Good luck.
     
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  8. carlfisher

    carlfisher Junior Member

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    I have patience, and I don't want to give up after just a week just thought it be best to ask for that advice on here and share details of what I'm doing, what I've spent and is it worth it. If there was 3 sales in the week, thats a little better but 1 sale that's made me £2 profit after all the outgoings of just under £100 put me off. I'm dreading the fact it comes to next month having to pay the subscription and ads and still only showing that 1 sale, hope you can understand me.

    I did sign up to ebay as an affiliate 2 weeks ago and generated £6 for 5 minutes of creating 2 links and putting them on a facebook page. I haven't done much more since then but I was up to £9.02 within 4 days. I will go back to that and see how it goes, thought I would spend the time creating a store and promoting it first.
     
  9. Shadexpwn

    Shadexpwn Jr. VIP Jr. VIP

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    Within time, you can easily haggle more data by pushing volume.

    Don't ever go by a weeks worth of stats.
     
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  10. PaulSmithAUS

    PaulSmithAUS Registered Member

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    I have a bit of advice so take it with a grain of salt as this is not my area of expertise (shopify + aliexpress).

    1. You have spent money on facebook and google. Did you record the stats. Do you know which keywords were successful ? Were you bidding too high/too low ? Did your ads target your product to the right audience ?

    2. $1.95 is cheap. How much is your profit when you take into account CTR's, Sales, etc. If you spent $10 to get 1 sale then you are going to lose out very quickly. Maybe your selling the wrong products. for instance if you targeted something at $15 and spent $10 to get a sale then you are in front. Most people think selling something cheap will be easier to do then selling something expensive but in reality the margins on a cheap item are not high enough to allow you to profit.

    Personally I think you need to find a higher priced product and start again. 1 week should give you more than enough information on the likelyhood of the your ability to succeed at this and you seem to be leaking money and not getting the right information for it.
     
  11. SejtanovRatnik

    SejtanovRatnik Regular Member

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    NEVER GIVE UP! I earn my first xxxx$ payment after 4 years in internet marketing!
     
  12. soulcollector

    soulcollector Senior Member

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    You thought that the ultimate affiliate product push thread by Franklin was easy money? This was your first major mistake. Just because you think you can throw up Facebook and Google ads that visitors will come and buy doesn't mean this is true. The visitors maybe targeted but they are showing no interest in your cheap products.

    The Creed of Successful Business
    Know thy competitor
    Know thy audience
    Know the godfather of all, Psychology!!!
     
  13. FortuneZ

    FortuneZ Newbie

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    $1.95 profit before even factoring the costs of ads?

    If so, I would try again with a product with better margins.
     
  14. 1morenoob

    1morenoob BANNED BANNED

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    You've set your gross profit way too low for a start

    I'd try a different method though, that ones a load of wnk in my opinion