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My Shopify Journey of Dreams [Week 1] (Need Mentor)

Discussion in 'Making Money' started by The Money, Dec 12, 2016.

  1. The Money

    The Money Newbie

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    MY BACKGROUND
    Like most of us on this forum, I've been dreaming of being financially stable all my life. Been lurking this forum for a few years, and decided to finally pull the trigger on Shopify drop shipping method. Due to my up-bringing, I simply can't handle having a 9-5 job and have another guy on top of me making sure i'm a real busy bee. I live in NYC, and make an alright living doing side hustles online and offline and working for myself, however it's not enough. I have good knowledge of HTML/CSS, Logo & Graphic Design in Photoshop, and just general computer related stuff. I'm 23 now and basically grew up around my computer and the internet my entire life. I've been truly inspired by the many success stories here, and they definitely help me try harder every day. I'd love to have a mentor to look up to on my journey.

    Currently Using:
    Aliexpress - To Drop Ship
    Shopify - My store
    Oberlo - To upload and manage Aliexpress inventory
    Photoshop - Any need design work like removing watermarks, creating ads etc.
    Power Editor - Use this for Facebook Ads, Pixel, Audience Insights, and Ads Manager


    WEEK 1
    Now to the actual journey, I have officially launched my Shopify store a week ago (December 5th, 2016) and I am focusing on selling fitness/gym/weight lifting related products for both men and women. I have a decent knowledge base of clothing trends in the gym, and so on, and I figured the Fitness market is very popular in the social media world right now.

    Now, I understand drop shipping is a questionable method and needs proper execution. However, I'm planning on building a long-term stable business, so this for now allows me to at least bring in some revenue at first. In efforts to provide good service to my customers, i'm planning on having the items shipped from Aliexpress to me first so I can repackage them in something nice and send it off. I found some nice products with 5 star ratings on Aliexpress to start drop shipping, and have set them up on my store using Oberlo. I have also already setup my FB and IG pages and try to post regularly to bring in some organic traffic. I offer Free Shipping, and an additional 10% next order to anyone who subscribes to my newsletter (it pops up when you visit the site).

    Here's the problem. So far I have had 0 Sales :(. I've been researching & learning FB ads, and launched my first campaign about 5 days ago. At first the CPC was obviously high, but the cost on two of the four ads i'm currently running finally started to come down under $0.30. These ads are getting a decent CTR as of right now, however most of the post engagements are only post Likes and some Page Likes. Very few click on the actual product, and almost nobody gets to the checkout. Before anyone says anything, I am not pricing the items at a ridiculous price, and I also made sure to have all the need information on the product page, like Size Chart, Shipping Times, etc. I will post a current screenshot of my Facebook Ads and Pixel stats for this first week. So far I've dumped $170 in ads with no return :eek:
    [​IMG]

    Now my Pixel stats for the first week. Please provide feedback on how these are looking, thanks ! :)
    [​IMG]

    Any help, advice, and motivation is HIGHLY APPRECIATED. I'm on a mission, and determined to succeed.

    THANKS FOR READING! :D


    WEEK 2

    (Coming soon)
     
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  2. Venezuelan21

    Venezuelan21 Regular Member

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    Good luck! Don't given up!
     
  3. Lunaaa

    Lunaaa Jr. VIP Jr. VIP

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    Nice I'm doing dropshipping right now . Good luck

    Don't you think if it ships to you , then repackage and then ship to them take too long and increase expenses by alot.
     
  4. Juneja

    Juneja Supreme Member

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    I wish you good luck.
     
  5. Splatterfox

    Splatterfox Junior Member

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    Calling this a "method" is the first mistake already, E-Commerce is a huge multibillion dollar distribution channel, and Shopify, AliExpress etc. didn't make it easier to succeed there. They made it easier to enter, yes, but not easier to succeed. Especially because of this nonexistant entrybarrier more and more people are entering the market every single day and you have to do more than "average" to succeed.

    Right now it seems to me that you are mixing up all the threoretical "ingredients" it takes to run a successful store: picking a niche, setting up the store, adding all these "conversion optimization elements" like sizes etc., putting together your FB ads and go. But what happens 98% of the cases afterwards is that the sales miss out. Unfortunately this is the crucial and most important part though, so everyone saying "I have everything in place EXCEPT for sales" is like saying "I almost built a car, except for an engine, wheels and doors.

    If I were you I would tweak your campaigns and try different target options. Eventually you might even try other traffic sources like Instagram, Twitter, Reddit, AdWords, Bing, affiliate marketing, blogs, forums, banner ads etc. In the end it comes down to whether your overall strategy is successful. I made more than 200,000 with my flagship store without AliExpress and without a penny on FB ads. In todays competitive environment its all about creativity, persistence and testing, testing, testing. $170 is barely enough to judge this whole venture.

    Good luck!
     
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  6. Splatterfox

    Splatterfox Junior Member

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    I would buy everything upfront, dropshipping directly from China can get you into serious troubles regarding payment processors, customer complaints, costs, chargebacks etc. However, combining dropshipping AND repackaging at your address takes indeed too long.
     
  7. Lunaaa

    Lunaaa Jr. VIP Jr. VIP

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    I agree . My brother just did alot in sales . Some are getting stuck in customs and some are Christmas gifts . Lesson learned . From now on when we find a good converting product , we'll just order in bulk to a order fulfillment center
     
  8. Splatterfox

    Splatterfox Junior Member

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    Exactly, many people overestimate the limits of dropshipping. Actually it can happen in no time to get thrown out of the game by major problems.

    @OP:

    In my YouTube channel I uploaded a video about having ATCs but "no sales" some time ago, maybe you will find some value in there:

     
  9. The Money

    The Money Newbie

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    I agree with you 1000%. The reason for me even looking into drop shipping is my limit in budget, and probably the same reason for others. As mentioned in the post, I am only doing drop shipping until I can build up a bit of revenue to invest in buying bulk items and shipping myself with professional packaging etc. That's my end goal hopefully :). Thank you!
     
  10. The Money

    The Money Newbie

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    Definitely about to give this a watch too, thanks!
     
  11. Splatterfox

    Splatterfox Junior Member

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    Absolutely understand, but also in dropshipping you should have a budget of AT LEAST $500 in order to get something going. That doesn't mean that with 500 at hand you have to achieve something, but its the minimum in my opinion. The breakdown of this calculation (fees, ads etc.) is also a video on my channel, don't want to link another one now though :D
     
  12. The Money

    The Money Newbie

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    Yes I can work with a $500-$1000 budget to begin with. Fully understand that you sometimes need to spend money to make money.

    I will definitely Subscribe to your channel by the way in case you decide on making any further videos. I love learning from what others have to say :)
     
  13. The Money

    The Money Newbie

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    Yeah I can imagine. Before Shopify I had an E-Bay store and would drop ship products from Aliexpress. The constant complaints about shipping time was awful. Hopefully I won't have to put up with it too long with my Shopify store and build up enough income to buy bulk and move on from drop shipping
     
  14. The Money

    The Money Newbie

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    WEEK 2
    Update (12/15/16)
    Sheeeesh. Been working my ass off pretty much around the clock trying to study the results of my Facebook Ads, trying to keep my FB and IG pages active, and trying to figure out where to go from here. Been watching YT videos on FB ads, targeting, retargeting, etc for about two weeks now lol. I feel like the people making these videos are my only friends now :D. Been in the house working on this project for almost 3 weeks now (since I started researching etc) pretty much through night and day.

    2 Changes (Possible Progress?)
    I have found a new product that is targeted for women. I started running FB ads for it yesterday, however I decided to try running the ads as website conversions, specifically Add To Cart. So far it says that there were 36 Add To Cart conversions and it has only been about 12-24 hours. However, again no sales WOMP WOMP WOMP :oops:. Started averaging about 40-50 visitors per day which is cool. Still in negative ROI though since FB charged about $280 so far without a single sale. But I'll keep on trucking and trying to study the results I get from my campaigns. Here are my stats for Today 12/15/16 and the day hasn't finished yet, its 5:21pm here:

    If you're good with FB Ads please let me know how my stats are looking thx!:D

    [​IMG]

    So basically I now run 3 Website Conversion ads (2 Add To Cart, and 1 Initiate Checkout) to hopefully drive some people to my product. And one Post Engagement ad which I run to simply try and get some Facbook Page likes, and just general engagement etc. Again feedback is more than welcomed, it's NEEDED! Lol thanks
     
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  15. abdu

    abdu BANNED BANNED

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    Good luck
     
  16. EntertheDeals

    EntertheDeals Junior Member

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    Do you have a cart recovery app or something to email people when they abandon the cart??
     
  17. The Money

    The Money Newbie

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    Not yet, however I will definitely implement a system which gives an additional discount before a buyer tries to leave the site with something in the cart. Hopefully it'll help. How would the recovery app e-mail people without knowing their e-mail addresses though? (since its a new user)
     
  18. EntertheDeals

    EntertheDeals Junior Member

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    Not sure but I know that woo commerce has such a plugin that sends a recovery email after they have left the site. I figured shopify had such a thing.
     
  19. EntertheDeals

    EntertheDeals Junior Member

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  20. The Money

    The Money Newbie

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    Yeah I actually just downloaded an App that creates a pop up which asks the buyer to enter his/her email before adding something to cart. Hopefully that'll both help me grow my email list, and help with bringing back abandoned carts & checkouts. We'll see I guess :) I'll be updating this thread on my journey to a billion dollars lol
     
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