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Made over $25,000 THIS MONTH with Shopify. Journey to 30k/mo. Help me improve!

Discussion in 'My Journey Discussions' started by johnny12, Aug 23, 2016.

  1. johnny12

    johnny12 Junior Member

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    Hello guys, how are you doing. I haven't been on this forum in a long time so i decided to stop by. Couple of years ago I believe, I made a thread on this forum saying my goal is to make a bunch of money and buy a BMW.


    Well, I'm happy to say (even though it took a bit more time then i expected), I have finally achieved my goal. This month I've made roughly $25,000 with Shopify, I have my own paid off BMW, and it's a lot of work, but life is definitely looking good.

    [​IMG]

    Although I'm not the type of person who gets satisfied easily. The day after I got the BMW, I knew I wanted better. My car doesn't satisfy my anymore. Don't get me wrong it's a BEAUTIFUL car (BMW 335i), but now I'm starting to look at Maseratis, M4s and what not.

    With that being said, I NEED to hit $30,000/mo starting next month. This is exactly what I'm doing right now more or less. Bare in mind it's a lot more complicated then this but I'm going to give you the run-down.

    I started this company with less than 1k, and just took off with social media. I haven't spent a PENNY on paid ads. I would consider myself a expert with social media. I gain around 1000-4000 followers a day on Twitter/Instagram. Once my traffic really started to grow, I started capturing emails, i have an email list of about 6k. I get about 2k opens per email blast right now.

    I have a very loyal fan-base of around 50k-70k on social media. (Facebook, Instagram, Twitter, Snapchat). They are EXTREMELY active and loyal to my brand. I'm also selling a very good product that gets TONS of returning customers.


    My question is, what ELSE can i do to increase this. I know I have a extremely good product because im already successful, but I see this as a million dollar business. I just need help getting there.

    I will be keeping this thread alive and updating it with everything that i earn over time, on my journey to 30,000/mo, but ANY help would be HIGHLY appreciated.
     
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  2. alienacademy

    alienacademy Jr. VIP Jr. VIP

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    Great going man.
    But i am sure that 25k is not actual profit.
    Best of luck.
     
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  3. johnny12

    johnny12 Junior Member

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    I'm not using paid ads, and it costs me less than $4 MAX on the most expensive product ($40 give or take on domestic shipping) to make and ship the product to the customer. Of course not all of it is profit, but a very very very large percentage of it is. My profit margin is incredibly high.
     
  4. jamie3000

    jamie3000 Supreme Member

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    impressive man, from instagram bot beta to e-commerce success at that level in a year!
     
  5. jamie3000

    jamie3000 Supreme Member

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    You make the product? What sort of product is it?
     
  6. buzz

    buzz BANNED BANNED

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    What is your product?
     
  7. johnny12

    johnny12 Junior Member

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    I don't necessarily "make" the product, I just put a few things together and slap a logo on there.
     
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  8. arl_

    arl_ Newbie

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    Have you thought about upselling a higher-priced product?
     
  9. Tove

    Tove Jr. VIP Jr. VIP

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    What's your product price? You made $24k out of 37k visitors, pretty good considering its not paid traffic? Instagram?
     
  10. johnny12

    johnny12 Junior Member

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    My product price ranges from $15-$40. My average order is between $25-$35
     
  11. DutchStuff

    DutchStuff Junior Member

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    Gratz on your sales. I also bought a nice BMW 330D 2012 when I made some serious money. It feels awesome and the best reward you can imagine.

    Now I want to help you. You have already a crazy visitor-buy rate. I would suggest you start with this first: finetuning the current business. Why? Because if you scale up now, the problems in the funnel will be more expanding and when you have over 5.000 sales it's hard to recognise small problems.

    Ok so here are a few things I would check out now
    1. Why are there sales drops on some days (is it the weather, the day (weekend), time of posting on social media)
    2. 12% reached checkout is already quite high. But you still lose 5%! You can track if they come back and make later a purchase, or they don't purchase at all. Another important step is: why are my visitors not buying? Now you have some tools with heatmaps but I found out that the program Smartlook is very cool. You can track their mouse and you'll find out easily when the visitor is leaving. Is their payment method missing, or anything else you can think off. You also could try to let a pop up warning appear and give them 5% off or something.
    3. Try to sell again to your loyal customers, with discounts or "try this product first" or some other VIP like program
    4. ......... I can think of a lot more but I have also some work to do ^^
     
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  12. johnny12

    johnny12 Junior Member

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    Thank you for your amazing advice. I really appreciate it. I will be looking into everything you said.
     
  13. GrandSource

    GrandSource Newbie

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    Great!

    Are you dropshipper ? or own physical product ?
     
  14. TheArticleMan

    TheArticleMan Power Member

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    Read Russell Brunsons book " Dot Com Millionaire "

    Basically its about finding your IDEAL customer. So you already have the product and a loyal customer base, so have a think and note down what you'd want your ideal customer to buy and how much that'd cost them then work from there.

    You need to develop your funnel a lot further and you'll see $25k/month shoot up to $50k/month with the same amount of traffic.

    Cheers.
     
  15. DutchStuff

    DutchStuff Junior Member

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    Sorry I made a little mistake. "12% reached checkout is already quite high. But you still lose 5%!". That is true, but you need to focus where they leave between reached checkout and purchase. Ofcourse the added to cart - reached checkout is also a very important step.
    Google something like "how to optimize purchase webshop" or "conversion optimization". You get great results. It's a study on it's own... maybe you should consider to find a student from a university who can do some investigation for you :)
     
  16. Mr.Charles

    Mr.Charles Jr. VIP Jr. VIP

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    Very good. Keep it up!
     
  17. johnny12

    johnny12 Junior Member

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    Thank you guys for all the help and suggestions!
     
  18. Mehdi :3

    Mehdi :3 Registered Member

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    Look into upsells. You can easily 2x or 3x your revenue with it. There're bunch of upsell funnels out there.
     
  19. Gosocials

    Gosocials Jr. VIP Jr. VIP

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  20. wojteq171

    wojteq171 Jr. VIP Jr. VIP

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    Awesome journey Bro :)