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[Journey] to 10000$ a day [ecom giant]

Discussion in 'My Journey Discussions' started by francis christin, Jul 9, 2019.

  1. francis christin

    francis christin Registered Member

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    hello all my name is Francis and I am from India
    this is my first Journey I have been a reader of this forum for over 2 years and i recently signed up

    me and my friend had an idea to sell a specific type of items which can be produced in India for cheap and can sell for a higher amount in the international market

    iam starting this thread becouse i am a lazy person and i get motivated and demotivated easly and very fast so the point of this thread is to gain motivation and learn a few trick or two

    my targets
    • 1$ a day
    • 10$ a day
    • 50$ a day
    • 100$ a day
    • 250$ a day
    • 500$ a day
    • 750$ a day
    • 1000$ a day
    • 2000$ a day
    • 4000$ a day
    • 6000$ a day
    • 8000$ a day
    • 10000$ a day

    after achiveing each target 60% of the amount will be invested back into the buissness

    what i have now

    • 1200$ seed money
    • Instagram and Pinterest account for promoting products

    pending items

    • website:- almost completed
    • products:- currently got a deal with a local seller price is a little high but after reaching 10$ target we will buy our own tools for manufacturing the item
    how the seed money is used

    200$ for product outsourcing
    200$ for running ads and promotion
    50$ for product labels and shipping bags .etc
    rest of the money is backup money if anything goes wrong





    my plan as of now is to get few pics of product from the seller and put it on the website after its completion and according to order we will buy from the seller and send it to customers

    i have no idea about how to handle returns and refunds


    wish me luck guys & keep me motivated

    i will update here weekly




     
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  2. rainbow3001

    rainbow3001 Newbie

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    good luck op will keep an eye on this one
     
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  3. francis christin

    francis christin Registered Member

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    thanks bro
     
  4. dhakaa786

    dhakaa786 Registered Member

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    Good luck. I'm also from india.Hope you will doing well.
     
  5. Purush

    Purush Jr. VIP Jr. VIP

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    solid plan mate. best of luck
     
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  6. BuildMoreLinks

    BuildMoreLinks Jr. VIP Jr. VIP

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    all the best, are you using shopify? also how good are you with FB ads?
     
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  7. francis christin

    francis christin Registered Member

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    thanks guys
     
  8. ddlmanager

    ddlmanager Regular Member

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    How do you handle international shipping? What's your % of profit?
     
  9. Papaproxy

    Papaproxy Jr. VIP Jr. VIP

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    I would advise you to figure it out before starting selling because that can end your business fast.
     
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  10. francis christin

    francis christin Registered Member

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    no not using Shopify that thought passed my mind but we can cut the costs buy developing it ourselves we are both web devs

    no iam not good with fb ads but i have friends who do promotions with fb ads ,i think they will help else we will do it ourself there is nothing we cant get on the internet nowadays
     
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  11. nakamura

    nakamura Elite Member

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    "iam starting this thread becouse i am a lazy person and i get motivated and demotivated easly and very fast"

    You better change this attitude very very fast. Ecommerce is a long term business. You might not even earn $100 a day within the next 5 years. Also ecommerce is "pay to win". If you got a million dollar marketing budget, it will be much easier for you to build a brand and become popular.

    Wish you best of luck and never give up
     
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  12. francis christin

    francis christin Registered Member

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    we get the product for around > 2$ we sell it around the price range for 5$ so we get around 3$ profit


    thinking to use fedex for international shipping
    the product is less than 100 grams so i dont think there will be too much shipping charge
     
  13. videosocialmediawizz

    videosocialmediawizz Junior Member

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    Ecommerce is not a race, like many gurus and youtubers claim, its a marathon! Good luck with your journey!
     
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  14. francis christin

    francis christin Registered Member

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    yes
     
  15. francis christin

    francis christin Registered Member

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    thanks ,iam trying to change the attitude
     
  16. Cryogenesis

    Cryogenesis Elite Member

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    Question, why did you decide to get your products made here and then ship them out internationally? It will literally cost you more than dropshipping from China using Aliexpress or CJ. You're underestimating your costs by A LOT here. With dropshipping, you don't have to hold any inventory and any order you receive pays for the product on it's own.

    If you're trying to sell novelty items i.e only made here then start selling locally and see if your business plan is viable. Once you have enough saved, you can go international.
    You need to have this all figured out before you get into Ecom. If you were dropshipping, the customer would send the product to the supplier or the supplier would just send a replacement. Alternatively, if you're gonna be selling to the US primarily, rent a postbox and have customers send their products there.
    This won't do unfortunately. You say you have $200 for ads which is not enough at all and you're not even doing them yourself. "Nothing we can't get on the internet nowadays" is a good mentality but FB Ads take time, patience and money.I know a lot of people watching FB ad guides all day and still making nothing.

    You need more preparation before you start off your journey. Good luck.
     
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  17. francis christin

    francis christin Registered Member

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    thanks
    actualy iam going to be selling localy my primary focus is on indian custumers i only said the product i sell has good value on the non asian market

    yes ads might be a issue but i will get through that
    thanks for the support
     
  18. sanj108

    sanj108 Jr. VIP Jr. VIP

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    This is another bull**it journey here from a newbie.
    Journeys with this high volume have died many times, we all have seen.

    I don't say that the ultimate goal is not achievable, but on every high volume journeys OP gets tiered or frustrated and abandons halfway.
    Keeping up motivation and working towards the goal is very difficult for this kind of journeys.
    Anyway good luck!
     
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  19. Vasaav

    Vasaav Registered Member

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    What payment method are you using to receive international payments ?
    I recommend you not to use PayPal for a long term business as it may keep your money on hold anytime they want
     
  20. lishu44275

    lishu44275 Newbie

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    how are your journey going? I have spent all my $1000 seed money, get $200 back with facebook ads. any suggestions?