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Dropshipping Journey to $100 per Day

Discussion in 'My Journey Discussions' started by PBNSurprise, Jul 2, 2019.

  1. PBNSurprise

    PBNSurprise Elite Member

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    launched a new round of LLAs for 2 countries working well for me, targeting 5-10%. following the data to make decisions. ad spend is quite high right now $165 per day, spread across 6 CBOs. keeping the spend diverse and fluid. despite this, i'm losing money. making sales everyday, past 2 days i cracked $150+. but i'm not profiting. once you factor in the ad spend and cost of goods. i'm losing $30-40 per day. i'm hoping the data drives me to where the profit is. testing the 2 countries that are working and testing other countries with small budgets to see if i can gain some traction
     
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  2. PBNSurprise

    PBNSurprise Elite Member

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    i turned off my ads cause i've been losing quite a bit of money. the post office fucked up my package again so i won't be able to get my product until monday now. once i get it i'm gonna start recording a new video ad and put it up. will make it very engaging and high quality

    in the meantime i'm going to watch more youtube videos on facebook ads. i need to figure out what to do now. i'm down about $300 right now. i will also edit up the product page and purchase a high quality logo
     
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  3. codenamefrog

    codenamefrog Newbie

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    Are you using stripe through the official shopify payments or are you using the workaround trick to use the stripe.com payments?
     
  4. PBNSurprise

    PBNSurprise Elite Member

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    shopify payments

    i bought a chromebook cause i'm gonna be traveling in a few weeks. need to be able to fulfill orders and monitor ads while on the plane and in hotel rooms. this chromebook is awesome. it is so portable and can do all my work stuff on it. i just realized that if i ever become huge i could technically run the entire business through this chromebook lol. legit travel the world and run a 100% functioning business at the same time
     
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  5. babakjhi

    babakjhi Newbie

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    following your journey!
     
  6. Takurah

    Takurah Junior Member

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    Reading your journey was and is fun thanks for all this man.
    I think people forget that writing in your journey is a labor of love.
    so thanks
    Q.
    To see you so far deep in and unprofitable stinks< how much work a day do you feel you do in hours?

    I've found a profitable traffic source that cost nothing but the work load freaks me out. I feels like your almost doing the same amount of work but getting no profit
     
  7. PBNSurprise

    PBNSurprise Elite Member

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    right now not so much work

    UPDATE: i haven't run any ads in a week. i've been fighting with so many postal services to try and get my product. i ordered it twice already and both times lost. first time was from aliexpress to my apartment. it got lost by usps even though they said delivered. i was expecting that. they always fail at delivering to my apartment. second time i bought a mailbox at the ups store and the package STILL failed to deliver. it was marked as "delivered" but the store claims to never got it. so i spent a whole week fighting with them. i've had enough basically. i bought a THIRD package last week and it should be arriving tomorrow. if it shows as delivered and it's not there again then i'm gonna be pissed

    i'm gonna chargeback this stupid mailbox and go to a different ups store and get a mailbox there. this shit has wasted me so much time. it's ridiculous. also, my supplier on ali keeps fucking with the prices. they keep increasing it randomly!! they brought it back down to normal for like a week and now they increased it. fucking had it with them. moving to a new supplier, god damn pricks

    so now i've gotten change up the product page again. thankfully i'm not running any ads and have no orders. so i can re-launch with this new supplier. fuck i've got a lot of work coming my way. i've also been researching my facebook ads strategy that i plan to launch. once i get the product i'm gonna record some video ads to test at home

    shit i just want the damn product so i can go all out on this. but i fucking won't be able to. if tomorrow's package fucked up then this will be the third time and i will be delayed for another 7-10 days. because i'm going on a trip in a week for like 4 days. so i won't be able to work on these ads until after the trip. this shit is fucking stupid lol. business is delayed due to fucking retarded shipping services. the lesson of this story: always order shit like 1-2 months ahead of time when running a business. these fucking random delays literally demand 1-2 months planning. wow
     
  8. PBNSurprise

    PBNSurprise Elite Member

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    i've been still working on my store. i put 3 top interests i've tested into a CBO and trying to scale that. if i can't be profitable i may move on from the product

    tested a lot of different interests in the past, spend $400 so it so i have enough info. i need these 3 interests CBO to be profitable for at least 7 days straight
     
  9. PBNSurprise

    PBNSurprise Elite Member

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    [​IMG]

    i'm still trying .....

    about $10-20 of that is profit. rest is for ads and cost of goods..

    putting $300 towards ads tomorrow. i've got 2 campaigns that are good and a retargeting campaign... i hope these don't die out on me. still testing, testing, testing... always testing.. slowly scaling..

    i hope this works, please work
     
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  10. aristocratic

    aristocratic Jr. VIP Jr. VIP

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  11. ziad_at

    ziad_at Newbie

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    keep trying, don't loose hope (Y)
     
  12. Global360

    Global360 Newbie

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    I'm also trying my best with this venture. Goodluck to us!
     
  13. HustleTong

    HustleTong Senior Member

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    I've felt like quitting when I started out with earning pennies, until I realised its not an option to fall for. Better IS an option. Wish you nothing but the best on this journey.
     
  14. oliviamorley45

    oliviamorley45 Newbie

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    great journey. following
     
  15. PBNSurprise

    PBNSurprise Elite Member

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    i lost a bit of money yesterday. conversion rate around 2% and average order value $18. i get a lot of traffic but most does not convert, about 2% does. i don't know how to fix this. my ad is good, getting 8-10 relevance scores and cost per view content is below 90 cents. the ad looks look and is working, the audiences appear to be good as well. i need to convert more though. if i could double my conversion rate and increase my average order value, then i could break into profit.

    how can i do it though? how do i double my conversion rate? how do i increase my average order value? i have the reorder upsell but almost no one ues it. i will be researching how to improve conversion rate these next couple of days. after i revamp my product page i'll start ads again. i have 3 adsets, two LLAs targeting US. one will be at $100 per day, the other $50 per day. and a retargeting campaign at $10 per day. the product page revamp will begin now
     
  16. Shubhankar Paranjape

    Shubhankar Paranjape Registered Member

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    Everyone fails, buddy. I started my journey in Ecommerce/Dropshipping almost 4 years back and have made over million dollars in revenue. But guess what? I've gone completely broke 3 times in these years. Why? Not because of my spendings or addictions or anything, Because of this business itself. But one thing always stayed the way it was- my consistency. I never gave up. That's why I am where I am today, and I'm happy. I'm not an expert nor am I successful, but I'm glad that I went through it all, I experienced it all. My advice to you would be the same- Keep learning, keep gaining knowledge as much as you can. And NEVER give up.

    I recently did 2 posts about dropshipping that I'm 100% sure you'd find really insightful and helpful. Do go through them and leave a thumbs up if you like them :)

    Here's the links-

    https://www.blackhatworld.com/seo/shopify-based-dropshipping-with-fb-ads.1147476/

    https://www.blackhatworld.com/seo/7...-dropshipping-business.1154428/#post-12378809

    Feel free to ask here or on my posts' comments if you need any help/advices. If it's something big, I might write another post for it :)
     
  17. TheRealSasuke

    TheRealSasuke Newbie

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    I know how it feels to put lots of effort into something and you want it to turn out positively but it just doesn't. But personal experience and failures are very good for showing what to not do. This failure, was just a learning step. Just make sure to learn from it and not make that same mistake again. Good luck!