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How to go from broke to $200 a day [eCommerce]

Discussion in 'My Journey Discussions' started by Fireglass, Jul 25, 2017.

  1. Fireglass

    Fireglass Newbie

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    I'm just an average guy. I live in a 2 bedroom apartment with my wife and pets. I live on about 3k a month between 2 individuals. Ive got 2 car loans, 5 credit cards (2 of them maxed out), and in total about 30k in debt. Theres hardly any money left after paying bills every 2 weeks. This is my life. This is almost the same life with the people around me too. Being from a small town, people dont usually have aspirations or dreams. They either follow their fathers footsteps or go to college, get debt, and figure it out once they get a "real job." Im not okay with this. I'm not into giving half my life to a job I hate so I can celebrate in 30 years after retirement.

    $70,000. Thats the goal. I want to go from 35k to 70k by the end of this year. What can I do with that?
    Get a starter house, pay off my vehicles, take a real vacation (not a day trip), be on the road to 10k per month.

    What have I done so far?

    YouTube -
    Start Date (2/15/16)
    Total Revenue (so far) ~$4500
    I've spent 11 years on youtube. I've created about 5 channels in that time frame. and have gotten over 70+ million views on my videos combined. 60 mil from one month alone when one of my videos went super viral earlier this year. Right now I run only 1 channel that has 18k subscribers and 3+ Million views. This channel still brings me $100 a month and I havent posted in about 5 months. I do not plan on using this to make my money. Youtube to me has fallen to the wayside and I no longer wish to be on camera or edit videos. Overall I have made between 4 and 5k with youtube. 3000 of that being in the last 12 months.

    eCommerce 1 -
    Start Date (4/20/17)
    Total Revenue before this post started ~ $1200
    Total Revenue after this post started ~ $4
    I had my first real business idea in Feb 2017. Since then I began working on a website and researching as much as I can. I officially launched my first online business in Apr 2017. It was a slow start for the first couple months, but now I have made over $700 in profit in my last 30 days from this. It is beginning to grow at an alarming rate and I am now having trouble keeping up because this is not a dropshipping business. I create the product in house and made to order. This is where most of my time is spent now.

    eCommerce 2 -
    Start date (7/17/17)
    Total Revenue before ~$64
    Total Revenue after ~$0
    This is my first dropshipping business. All product comes from aliexpress and I use shopify. This is the one I'm most skeptical about. In the process of still building the website but I have added 16 products to my store and run 1 ad right now. In the first 3 days I made 64 bucks. This was a small victory. I have a feeling this road will be the one to get me to my goal.

    Right now my days are spent making my product for store #1, prepping and shipping the sales, setting up store #2, and building up both brands.

    Im not sure what else to add right now, but Im going to keep this post updated once a week and let you all know what kind of accomplishments Im making. Ive seen so many people post their journeys, stick to it, and reach their goals. This is my plan too. If you guys have any questions Id be happy to answer them as best I can. For now, just keep on keepin on my friends.
     
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    Last edited: Jul 25, 2017
  2. Kai Escalade

    Kai Escalade Junior Member

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    Keep your head up and don't give up! I'm watching this journey for sure. BTW if you will want to scale up your shop #1 and reach European traffic hit me up. Maybe we can join venture. Anyway good luck!
     
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  3. Fireglass

    Fireglass Newbie

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    Thanks for the support! Ill keep that offer in mind if I ever need it. I really appreciate it.
     
  4. Nave

    Nave Junior Member

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    Me neither! Good luck buddy, I will be following
     
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  5. Fireglass

    Fireglass Newbie

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    week 1 update:
    Revenue since beginning journey: $235.65
    Store 1 revenue this week: $235.65
    Store 2 Revenue: $0

    This week has been a little rough on me. I hadnt progressed much at all from where I was a week ago. Instead I let myself get piled up. I took in 35 orders this week which was great because its my 3rd week in a row above $200. Making 200 a week profit from this business is so helpful because im building up some money to put into facebook advertising for site#2 where i have some dropshipping products. this week i didnt make any more sales for my dropship store. i had 1 ad running for it and it made me $36 in one day the second day. no other sales since, so i killed it after day 10. I ran an ad for store#1 on facebook but i killed it after 7 days and only 63 link clicks with $5 a day. This week im going to be making 2 - 4 more ads to test. I really want to be starting on a second dropshipping store, but i really need to get a hold of these first 2 stores first. My goals this week are to set up more automation within my business practices. I need more automation so i can work on scaling up. This first store is doing really well and I firmly believe i can turn it into a 2000 a month business in a week if i really tried. the only thing holding me back is myself. this weeks been a little hard (depression) so i havent been able to get much done. I feel like i have a new motivation wave coming on again, so thats a good thing.

    Ill be back 1 week from today, EVERY MONDAY to bring a new update to this story. I firmly and whole heartedly believe that if i keep this post going, ill reach my goals. making 70k a year is 5800 a month. or 1300 a week... 185 a day, 37 sales a day with store#1 alone. Some days I get 8 - 12 sales alone... this cant be that impossible, yet it still feels like im moving foreward to something ill never experience. its gonna be fun to look back on these posts one day
     
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  6. seyer

    seyer Junior Member

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    Nice work, keep going! What's the profitability on that $235.65?
     
  7. Fireglass

    Fireglass Newbie

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    thats all profit, business costs taken out. I brought in 400ish
     
  8. ThopHayt

    ThopHayt Jr. VIP Jr. VIP Premium Member

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    Sounds to me like your strength is YT... why are you so eager to step outside that instead of leveraging it further? And have you tried the "other" video sites and tried to run a profit on them as well?

    -ThopHayt
     
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  9. Fireglass

    Fireglass Newbie

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    Its just a lot of personal stuff. I agree with you that youtube is my strength. I started getting popular and radio stations across america were talking about my videos. I made 2 videos go viral in 2 months of "trying." Its fun, cool, and something ill definitely come back to later. Right now my priorities are just money driven, and its been a lot easier making money with stuff that isnt youtube.
     
  10. void957

    void957 Regular Member

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    So you spent $35 for 63 clicks? That's way too much. You're paying too much per click. Maybe it's your targeting, bid, or just your ads. You should be getting 50 clicks per $5 at the very least.
     
  11. andrew.backlink

    andrew.backlink Newbie

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    Keep doing! Sure you'll increase your skills and make more money next week. Good luck.
     
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  12. Fireglass

    Fireglass Newbie

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    I thought the same thing. I was told by others that sometimes it takes from 1 - 3 weeks tops to reach those numbers. [​IMG]
    I didnt like the way things were going and I stopped it so I could put more research into the ads. What do you think of these numbers?
     
  13. void957

    void957 Regular Member

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    First of all, the link click to reach is slightly subpar. You can check your click through rate and general clicks by clicking on the drop down giving these options. You should be seeing at least a 2-10% click through rate otherwise your ad is not that good and you're pretty much forcing bad ads on an audience with your money. Try to keep your ads simple by focusing on the headline and using high quality catchy images. Make sure the images have little to no text on them. Also if it is possible try and target a larger audience, what is your current audience size? Are you using pixels?
     
  14. mcneilmed

    mcneilmed Newbie

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    Ever thought about writing an ebook on your YouTube method and selling that? Just a thought. Seems like you were doing something right with YouTube. Good luck and God bless. I'll be following.
     
  15. okhan

    okhan Newbie

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    Good luck on your journey! Stay motivated and don't give up! I started my own shopify store and I am seeing some success, so I will continue working on that. I love reading people's journeys because they give me motivation for my own personal journey!
     
  16. himthecool21

    himthecool21 Junior Member

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    Good luck man. Looking forward to future updates :D Am really curious how your plan will turn out.
     
  17. BillTomy

    BillTomy Jr. VIP Jr. VIP

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  18. ardnev

    ardnev Registered Member

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    $5 profit each product?
    Seems good man
     
  19. iKirito

    iKirito Registered Member

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    If you do stop an ad make sure that you create an entirely new ad and don't just restart the ad again later. Stopping an ad completely messes up the algorithm so it's safest to go ahead and create a duplicate ad.
     
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  20. Fireglass

    Fireglass Newbie

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    WEEK 2 UPDATE -
    Revenue per week
    • In-Home Store 1
      • Pre-journey ~ $1200 over 3 months
      • Week 1 - $467.10
      • Week 2 - $561.20
    • Dropstore1 - $0
    • Dropstore2 - $0

    So this week went okay. Ive made about 100 bucks more than last week. On avg, 80 bucks per day. So im almost halfway to my goal of $200/day which is great. Here's a few bullets to show whats going on in my in-home business...

    In-Home-Business Traffic Sources -
    Weekly Traffic ~ 1500 - 2000 visits
    • Instagram
      • 1300 legitimate followers
      • 1 post per day ( 150 like avg)
    • Facebook
      • 1 active facebook page pushing 1 ad for the last 2 days at $10 a day
      • Heres a brief history of all of the ads ive ran on facebook. Some of this might be painful to look at for some of you, but hey, its a learning process.
      • [​IMG]
    • Host Site
      • $7/day on promoted posts
    • Youtube
      • links in descriptions of videos
    • Reddit
      • Relevant posts to subreddits with links in comments

    This last week I was excited to start on a second dropshipping store. Im still getting ahead of myself though because i dont even have any ads running for my first dropship store. So I have this first inhome business thats getting off to a great start and ive finally been able to run another ad for the store that seems like its working. So lets see how that goes and ill be doing more ad tests to have at least 2 ads that work well going for the first in home store.

    I also want to update you guys on the quality of life changes ive gone through in the last couple weeks since the journey. Well... I was able to afford getting the tires on my car changed! The people who replaced them said they couldnt believe how worn down they were and that i was still able to drive. I still have my truck that needs fixed before i can really drive it. So until i feel comfortable splitting with 700 bucks thats not getting fixed yet. Ive had a bit more fast food since the journey. Now that i know i get some sales every single day i dont feel so bad about getting a drive through salad(burger) every now and then. Im still in my 2 br apartment, but now that ive made over 1000 bucks for the last couple months on this new journey I meet the passive income requirements for a home loan. I just need to get all my income and expense reports and tax info in order before applying for the mortgage. I want to get a home thats around 77k so i can keep the mortgage low. Im not trying to live in a mansion yet, I really just want to be comfortable on a small plot of land with a home thats affordable. Im only 24 but i think i can be set for a minimalistic "never work for another person in my life" lifestyle within the next few years. Its all looking up from here
     
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