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[Journey] Road to $5,000/month—Won't stop until I reach my goal!

Discussion in 'My Journey Discussions' started by johnparadox, Jan 1, 2019.

  1. johnparadox

    johnparadox Newbie

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    Hey guys,

    Just a bit of background on me:

    I've been trying to generate an income online for a couple years (I've had plenty of false starts). Last year I found a bit of success growing Instagram accounts and was able to amass a million followers. Unfortunately my entire network was shadow banned so my business partner and I recently sold our accounts and exited the niche.

    I'm currently a senior in high school and only have 8 months to generate an income online before I'm out of the house. At this point, I don't have the luxury to mess around and waste time. I don't want to bore you guys with the details but simply put, my home situation isn't the best. I'm adamant that I must reach my goals in this time frame.

    Through past projects I have experience:
    • Running FB ads
    • Working with influencers
    • Email marketing
    • Growing a social media presence
    • Building a shopify store

    The plan:


    My plan is to capitalize on my current skill sets by starting a drop shipping store and growing it into an actual brand through private labeling. The overall breakdown is as follows...
    • Find a niche and potential products
    • Build a shopify store around the niche to sell those products
    • Build a back end to profit off leads and customers
    • Market and sell products through FB ads, IG shout outs, and my own IG accounts I start in the niche (Focus on building pixel data)
    • Repeat until I find a niche and set of products that gain traction. If things aren't working, assess what is happening and learn (Constant feed back loop)
    • Double down and expand on my successes by optimizing the website, sales funnel, ad campaign, and re-targeting strategy
    • Private label products and ship to a fulfillment center in the U.S. (Focus on building a sustainable brand)
    • Start collaborating with manufacturers to create my own superior version of working products

    How I will structure this thread:

    Each day I will update the thread with a status of what I did, how much money I made, and how much I spent. At the end of every month I will summarize in an additional post my overall profit/loss and thoughts on how the month went.

    I'm an avid user of trello (to-do list software) so I'll post a link to my board so you can track what I'm working on live. Feel free to ask me questions and keep me in check if you see me lagging behind.

    With that being said, time to get to work! :)
     
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  2. Space Surfer

    Space Surfer Newbie

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    I will follow your thread. Building a Brand is also part of my 2019 Journey.
    Subscribed. Good luck!
     
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  3. johnparadox

    johnparadox Newbie

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    Day 1

    Overall I was pretty productive today. I'm currently going through the college application process so that consumed three hours of my day. An additional eight hours were devoted towards school and another one hour towards working out. Given the time I had, I was able to work on my ecommerce business for four hours.

    What I did today:
    • Registered my shopify store & generated legal policies (reset an old shopify account to default)
    • Connected a domain name (already owned domain)
    • Finished programming my own python script that identifies hot products being advertised on FB (keyword based)
    • Organized my finances (compiled a spreadsheet detailing my expenses, assets, & available capital)
    • Collected $50 I earned from neighborhood chores
    • Convinced someone from school to purchase a few units of old inventory I had lying around from an earlier business (won't count as income until transaction is completed)
    • Reached out to someone interested in purchasing an ecom course I bought a month ago (plan on reselling it to them, even though I bought it second hand myself)

    After I'm finished applying to colleges, that'll free up another three hours I can put towards my business. During the weekend I'll also have more time to work. I plan on increasing my day-to-day efficiency by removing myself from all distractions (ex. phone notifications) during a work period.

    Tomorrow I plan on spending most of my day doing niche/product research using the new program I wrote. I also plan on drafting a more comprehensive marketing and sales strategy to solidify some of my ideas :)

    Today's Earnings: $50
    Today's Expenses: $0

    P.S.
    I linked my trello board as my home page for any of you who are interested in checking it out. I'll update the board everyday with the next day's tasks right before I go to sleep.
     
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  4. johnparadox

    johnparadox Newbie

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    Day 2

    Today I was a lot less productive compared to yesterday but was still able to complete a decent amount of work. An issue that I'm dealing with right now is going to bed on time. I've found that once I start working, it's very difficult for me to wind down when it's time to get some rest. As a result, I end up sleep deprived the next day and unable to focus during work hours. It'll be important for me to stay consistent with my routine so that I develop strong habits and avoid this moving forward.

    What I did today:
    • Drafted an in depth marketing and sales strategy
    • Compiled a lengthy list of potential niches & product ideas
    • Connected my payment processors to shopify and starting researching themes (plan on using a paid theme)
    • Sold $20 of old inventory to a classmate (left over from an earlier business)

    I also did a lot of research comparing aliexpress drop shipping with print on demand. I'm leaning more towards POD due its faster shipping times, less saturation, unique designs, and branded packaging. Using POD may be better for developing a returning customer base and building a sustainable brand.

    Tomorrow I plan on analyzing each of the niches within my list and choosing one to enter.

    Today's Earnings: $20
    Today's Expenses: $0
     
    Last edited: Jan 4, 2019
  5. M4r3k

    M4r3k Regular Member

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    Your journey looks great...What is that "Resell Ecom Course" in your to-do?
     
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  6. onyok

    onyok Junior Member

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    update op!
     
  7. wilber21

    wilber21 Junior Member

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    Great Journey, good luck.
     
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  8. johnparadox

    johnparadox Newbie

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    Thanks :) Around a month ago I bought an ecom course and was telling someone about it through Instagram. They wanted to buy it from me at a discount so I'm trying to follow up with them.
     
  9. IlyesPoke

    IlyesPoke Junior Member

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    Following your journey ! Good Luck :)
     
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  10. realhuntguyz

    realhuntguyz Newbie

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    I'm following your Journey...
    I love the Idea of POD, it's not too saturated.
     
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  11. johnparadox

    johnparadox Newbie

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    Day 3

    I spent my entire day doing niche research and was eventually able to find a market that has potential. Instead of trying to hop on the latest drop shipping trends, I decided to devote my store towards POD designs revolving around my niche (will have to hire a graphic designer). Based on a recommendation by @yakuzaemme in a Q&A thread, I started using the pomodoro technique (25 minutes of work followed by a 5 minute break) and I'm very happy with the results so far.

    What I did today:
    • Found a niche (with potential sub niches)
    • Bought & finished watching a POD course - saved time & learned a few useful tactics (took notes and will be implementing ideas ASAP)

    Instead of doing a bunch of busy work, I tried to devote my time towards tasks that push the needle forward. Tomorrow I plan on brainstorming at least five POD designs, creating a list of social media influencers to work with, and starting several IG pages in the niche. Today I wasn't able to work on the store itself but now that I have a clear vision for the future, I can finally start optimizing it for my niche.

    Today's Earnings: $0
    Today's Expenses: $197
     
    Last edited: Jan 5, 2019
  12. NoobSwimmer

    NoobSwimmer Newbie

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    Following your journey. Good luck!
     
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  13. Arghs

    Arghs Registered Member

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    Following as well, good luck!
     
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  14. realhuntguyz

    realhuntguyz Newbie

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    Goodluck Man... I'm watching your journey
     
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  15. Mane.D

    Mane.D Newbie

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    Wow amazing ! following if you work hard and smart the results will be awesome
     
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  16. johnparadox

    johnparadox Newbie

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    Day 4

    Wow what a day! I was able to complete a ton of crucial tasks and further define the path I want my brand to take. I was also able to work twice as long as I normally do. I still need to fix my sleep schedule since I've been going to bed later every night (tomorrow I'll try setting a timer to remind me).

    What I did today:
    • Came up with a better brand name & bought the domain
    • Installed a shopify theme and connected the new domain
    • Created an IG account for the brand
    • Outlined an IG growth strategy for the niche accounts (will be used to generate traffic for the store)
    • Found ~75 IG accounts and ~20 YT channels that I want to advertise with
    • Followed up with a person who wants to buy the ecom courses I own (they plan on buying it in a week)
    • Created a fictional character that represents my ideal customer (wrote about their interests, personality, age, favorite tv shows, music ect.)
    • Messaged a few graphic designers from BHW (will have them create a logo & POD designs)

    So far I've brainstormed some POD designs but haven't created one that I really like. I've been looking at designs from social media and popular brands within my niche for inspiration. Since I was unable to come up with anything concrete, this will be my number one priority tomorrow (or later today since its already 1:45 AM where I live lol). If you guys have any suggestions on how I can improve this journey thread, feel free to leave a comment :)

    Today's Earnings: $0
    Today's Expenses: $21.98 (domain name)
     
  17. czsamzzy

    czsamzzy Junior Member

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    Good Journey and I will stick here till the end ... Goodluck m8
     
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  18. johnparadox

    johnparadox Newbie

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    Day 5

    I spent most of the day working on a college application essay but still found time to accomplish today's business goals. My birthday is on 2/21 so I'd like to generate at least 1K in profit before then to serve as a checkpoint.

    What I did today:
    • Started a second IG account (will hook it up to instazood tomorrow)
    • Found content to repost
    • Installed an android emulator and post scheduling software on a virtual machine to manage future accounts in mass
    • Came up with 5 POD designs

    Tomorrow I'm going to come up with another 5 POD designs, focus on growing my IG account, and send my existing ideas to the graphic designer I contacted yesterday. I'm also going to install a few POD apps on my shopify store.

    Today's Earnings: $0
    Today's Expenses: $0
     
  19. Adam Web

    Adam Web Newbie

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    Great man, following your journey!
     
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  20. samcathe

    samcathe Newbie

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    Best o luck in your journey. Am following
     
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