BlackHatMon3yMaker
Registered Member
- Feb 22, 2016
- 77
- 13
Hey guys!
First IM journey. Hoping to hit $10,000 USD consistent monthly profit by May of 2017. Will be primarily focusing on dropshipping from Amazon & Aliexpress to eBay, but will hopefully pick up other methods to try on the way.
A little background:
I've been selling on eBay for about 3 years all together now. For two years I flipped brand name clothing from thrift stores and profited about $150 a month. Beginning 2016 I decided to take it to the next level and started selling Amazon items on eBay & dropshipping them.
Overall, I've made about $800 for the first half of 2016 (January - May). This equals about $130 profit per month, Which is very far from where I want to be. BUT, I have been working on a few key things that I believe will help me accelerate sales:
1. I spent a lot of time teaching myself to build bots in the first half of 2016. I now have several bots to do most of my 'grunt' work. They are rather sloppy, but work well enough for my purposes. I can now automatically download listings from Aliexpress & Amazon, and upload right to eBay, with a little bit of updating after. I'm currently working on a price updating bot, that I hope to have done in two weeks.
2. I've also purchased three 1000/$25,000 limit stealth ebay accounts. I'm currently in the process of breaking them in, & hope to have them up and running full speed by mid-July to beginning of August. Unfortunately I was pretty careless with IP addresses in the beginning. Hopefully this won't render the accounts useless anytime soon.
Between these two main points, I think I have a real potential to hit $10,000 monthly profit by May 2017.
The way I figure it is... In 2 months or so I will have 4 stores all together (3 stealth, 1 main). Each with an 1,000 item limit at least. So I'll have plenty of 'selling space'.
Each store needs to generate about $2,500 monthly profit for me to hit my goal.
Which means each store needs to sell 7-10 items daily, at a $10 profit per item.
Seems reasonable enough to me! (obviously I could also sell 15-20 at a $5 profit, etc etc. Whatever sticking point I can find that works!)
What am I working on now? Generating sales, regardless of making money or not! I've decided for the month of June, to not focus on actually generating a profit. I will focus on trying to generate consistent daily sales, while breaking even. I'd love to average 15 sales a day, before I try to make profit again. We will see how this strategy works!
Average Daily sales per Week:
Goal: 15 sales daily
05/29-6/5: Will update when week is over!
Any suggestions or comments are greatly appreciated. Hope I was clear enough and this is something you guys might find interesting!
First IM journey. Hoping to hit $10,000 USD consistent monthly profit by May of 2017. Will be primarily focusing on dropshipping from Amazon & Aliexpress to eBay, but will hopefully pick up other methods to try on the way.
A little background:
I've been selling on eBay for about 3 years all together now. For two years I flipped brand name clothing from thrift stores and profited about $150 a month. Beginning 2016 I decided to take it to the next level and started selling Amazon items on eBay & dropshipping them.
Overall, I've made about $800 for the first half of 2016 (January - May). This equals about $130 profit per month, Which is very far from where I want to be. BUT, I have been working on a few key things that I believe will help me accelerate sales:
1. I spent a lot of time teaching myself to build bots in the first half of 2016. I now have several bots to do most of my 'grunt' work. They are rather sloppy, but work well enough for my purposes. I can now automatically download listings from Aliexpress & Amazon, and upload right to eBay, with a little bit of updating after. I'm currently working on a price updating bot, that I hope to have done in two weeks.
2. I've also purchased three 1000/$25,000 limit stealth ebay accounts. I'm currently in the process of breaking them in, & hope to have them up and running full speed by mid-July to beginning of August. Unfortunately I was pretty careless with IP addresses in the beginning. Hopefully this won't render the accounts useless anytime soon.
Between these two main points, I think I have a real potential to hit $10,000 monthly profit by May 2017.
The way I figure it is... In 2 months or so I will have 4 stores all together (3 stealth, 1 main). Each with an 1,000 item limit at least. So I'll have plenty of 'selling space'.
Each store needs to generate about $2,500 monthly profit for me to hit my goal.
Which means each store needs to sell 7-10 items daily, at a $10 profit per item.
Seems reasonable enough to me! (obviously I could also sell 15-20 at a $5 profit, etc etc. Whatever sticking point I can find that works!)
What am I working on now? Generating sales, regardless of making money or not! I've decided for the month of June, to not focus on actually generating a profit. I will focus on trying to generate consistent daily sales, while breaking even. I'd love to average 15 sales a day, before I try to make profit again. We will see how this strategy works!
Average Daily sales per Week:
Goal: 15 sales daily
05/29-6/5: Will update when week is over!
Any suggestions or comments are greatly appreciated. Hope I was clear enough and this is something you guys might find interesting!
