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Dorado General Store's Journey to $1,000 a month.

Discussion in 'My Journey Discussions' started by ytr191, Mar 9, 2013.

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  1. ytr191

    ytr191 Regular Member

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    Occupation:
    Self Employed
    Location:
    $$$$$$
    View attachment 26130

    Hello, My name is Ulysses. I am the sole proprietor of Dorado General Store.
    I am 18 years old, and I live in the United States of America.

    I am starting this Journey because I want to make Dorado General Store the number 1 seller of
    electronics on the internet!

    Dorado sells Consumer electronics, Cellular Phones, Cellular Accessories, and Fiverr Services.

    The current goal of this journey is to achieve $1,000 dollars a month.

    How is Dorado going to achieve this goal?

    -Finding new products to sell.
    -Finding new products to drop-ship.
    -Improving cash-flow.
    -Becoming more organized.
    -Finding better and cheaper ways to ship and drop-ship products.

    How will Dorado do these things?

    -We will search the internet for suppliers
    -We will improve our accounting methods


    What happened today? 3/9/13

    - Friday was the end of the first week of March.
    Our books were totaled today.
    We had a profit of $168.59
    Here is a snapshot of our books

    View attachment 26131 <-----


    - our money was transferred from Amazon to our business bank account on Friday.

    - Drop-shipping has been stopped (Amazon) until we receive our funds from Amazon. Then drop-shipping will resume. Usually takes 1-3 days.

    - We received negative feedback on one of our fiverr services being sold on ebay.
    The feedback said "SCAM", we replied "The buyer never paid for the item"
    This was the truth, the buyer never paid but just left feedback.

    - We sold one item on ebay today (dropshipped item)
    - We sold one item on Amazon today (stocked item)

    -We may start using stamps(the website) to circumvent the 0.07 cent fee on amazon for shipping labels. This would be a good way to increase cash flow.

    End Report

    View attachment 26130



     
    Last edited: Mar 9, 2013
  2. Naveen257

    Naveen257 Regular Member

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    Do you import your items from china ?
     
  3. erickishere

    erickishere Elite Member

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    Good luck on your journey man don't give up :)
     
  4. ytr191

    ytr191 Regular Member

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    Occupation:
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    Yes, I do import my items from china.
     
  5. ytr191

    ytr191 Regular Member

    Joined:
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    Occupation:
    Self Employed
    Location:
    $$$$$$
    What happened today? 3/10/13

    - Opened Logo Direct (New ebay service account, child company of Dorado General Store)
    View attachment 26183

    - Discontinued selling fiverr gigs on Dorado General Store

    - One sale today (Amazon)

    - Two sales today (Dorado General Store, Ebay)

    End Report





     
    Last edited: Mar 11, 2013
  6. ytr191

    ytr191 Regular Member

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    Occupation:
    Self Employed
    Location:
    $$$$$$
    What happened today? 3/10/13

    -Two Sales (Amazon)
    End Report
     
  7. kingscript

    kingscript Registered Member

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    Occupation:
    No the correct term is Ok u pay son!
    Location:
    Online
    Glad to hear about your success! I have sold tons of products from overseas suppliers but never really considered dropshipping. How can you really tell of the china suppliers are legitimate or not when dropshipping? My main concern was that they will go behind my back and do marketing to the customers that I successfully found or marketed to get. The bottomline is this..... the long term value of the customer is worth way more than a days profit.
     
  8. darkjolly

    darkjolly Junior Member

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    Good luck. This is a very interesting journey.
     
  9. ytr191

    ytr191 Regular Member

    Joined:
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    Occupation:
    Self Employed
    Location:
    $$$$$$
    What happened today? 3/11/13

    -Posted a ad on craigslist, and researched new ways to attract people to listings

    -No sales


    End Report
     
    Last edited: Mar 13, 2013
  10. ytr191

    ytr191 Regular Member

    Joined:
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    Occupation:
    Self Employed
    Location:
    $$$$$$
    What happened today? 3/12/13

    -Posted ads on craigslist, and researched new ways to attract people to listings

    -One Sale on Amazon


    End Report
     
  11. m0r3g4

    m0r3g4 Newbie

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    What kind of products did you import from china?
     
  12. ytr191

    ytr191 Regular Member

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    Why would I tell you that? Go find some products to import from china.
     
  13. fenafillah

    fenafillah Junior Member

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    :) very secret business mystery.. have a look at focalprice my friend.
    dropshipers mostly selling apple products as i see
     
  14. darkjolly

    darkjolly Junior Member

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    Any updates?

    Sent from my ADR6300 using Tapatalk 2
     
  15. krisk@qvs

    krisk@qvs Newbie

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    If you need some state side options please check us out QVS, just search us on the net.I am a sales rep for them. We are a manufacturer and direct importer with 2 warehouses in the states. i'm in the Michigan warehouse. Some of our offerings are Consumer electronics, audio video , computer ,cellular components, accessories, and cabling. Maybe we can help you in your quest. Either way Best of luck~ Kris
     
  16. TwoHat

    TwoHat Newbie

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    Good luck on your journey. You should obviously be looking into wholesalers. I know a few people who buy knives at wholesale for like $2 each and resell them for $10-$15. You have to be licensed to sell certain stuff, but it's lucrative. Just something to consider if you have not already.