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Journey to 30k a month w/ my new shopify Dropship store

Discussion in 'My Journey Discussions' started by BlackHatMon3yMaker, Jul 10, 2017.

  1. BlackHatMon3yMaker

    BlackHatMon3yMaker Registered Member

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    hey guys, I'll keep this short and sweet as I'm using this mostly as a motivational log.

    I'm running a shopify store that dropship products from AliExpress. I'm using mostly Facebook ads at the moment to advertise. So far I have about 5 products on my store and I'm working to expand

    I launched my store on June 28, 2017. As of July 10th, I've done:

    5 sales - $634.77
    Profit from those sales - about $320

    I've spent a little over $1000 on startup costs, ad costs etc so I've got some budgeting to do to try and get a positive return by the end of the month

    Wish me luck!
     
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  2. marly

    marly Regular Member

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    Wish I had startup budget close to that. Anyhow, I wish you the best and will follow you.
     
  3. daddy50k

    daddy50k Newbie

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    Good luck. Bookmarked this and will follow :)
     
  4. BlackHatMon3yMaker

    BlackHatMon3yMaker Registered Member

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    Yeah a lot of people don't mention it, but starting a DS store does require a heavy investment up front in my experience

    Thanks!
     
  5. JaxPozzy

    JaxPozzy Junior Member

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    Good luck! Keep us updated!
     
  6. AQGrimm

    AQGrimm Junior Member

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    Following.
     
  7. Kode

    Kode Junior Member

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    Following. How do you handle the long delivery times for customers?
     
  8. nihalsad

    nihalsad Jr. VIP Jr. VIP

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    All the best man.
     
  9. susanluv

    susanluv Newbie

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    hi
     
  10. BlackHatMon3yMaker

    BlackHatMon3yMaker Registered Member

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    I am upfront about it. Most of my delivery times are in the 12-20 day range. For some products if my margin is big enough, I'll pay extra for DHL or USPS and get the 4-13 day shipping time. No complaints so far!
     
  11. randybishop

    randybishop Elite Member

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    Good luck dude!
    What is your daily ad spend on facebook?
     
  12. BlackHatMon3yMaker

    BlackHatMon3yMaker Registered Member

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    Right now I'm spending about $60 a day spread out over 12 ads. Those 12 ads are for about 4 products. Going to cut the fat and expand the good performing ones in about a day or two!
     
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  13. Billy_Batts

    Billy_Batts Elite Member

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    And only 5 items in your webshop..
    You don't need that much as you don't need to spend on FB ads directly, 9 out of 10 shops that start that way will fail because they don't know what the hell they are doing and just pouring in money and then when they realize their ROI is really bad, instead of stopping and assess the situation they pour even more money down the drain because they want to at least get their investment back.
     
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  14. randybishop

    randybishop Elite Member

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    Excited to see your progress...off to a great start!
     
  15. MightySlav

    MightySlav Junior Member

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    Good luck man
     
  16. super11

    super11 Jr. VIP Jr. VIP

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    Good luck!!

    From start to finish, do you mind sharing your monthly overhead for something like this?
     
  17. BlackHatMon3yMaker

    BlackHatMon3yMaker Registered Member

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    What do you recommend? Each ad cost $5 a day and I'm running them for 3 days, then cutting out the ones that don't perform to standard. I'm relatively new to this so I'm just feeling it for myself
     
  18. BlackHatMon3yMaker

    BlackHatMon3yMaker Registered Member

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    Not sure as I haven't completed a month yet!

    My shopify fees and various app fees probably add up to about $60 a month or so + various advertising costs
     
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  19. Billy_Batts

    Billy_Batts Elite Member

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    You should have finished your website first. A website with that few items doesn't build trust so you must have at least a nice item as you had some conversions.

    There is an very active FB group that is primarily focused on drop-shipping, it's not mine but it's pretty active and the owner has some pretty good tips most of the time.
     
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  20. cwbhood

    cwbhood Junior Member

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    Hint the Facebook group name?