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PART 2: Dropshipping Journey to a Consistent $10k per Month

Discussion in 'My Journey Discussions' started by PBNSurprise, Oct 2, 2019.

  1. PBNSurprise

    PBNSurprise Jr. VIP Jr. VIP

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    it's time guys. the excitement continues. in the first part of this journey i made a goal to hit $100 per day from dropshipping. i started from absolute nothing and spent 3 months building a store which eventually morphed into a company. by the end of those 3 months i was cracking $100 per day on average. you can read the full journey here: https://www.blackhatworld.com/seo/dropshipping-journey-to-100-per-day-completed-10-02-2019.1134516/

    there's tons of content in there that chronicles the entire events that have took place. i tried to update regularly and document each phase of action that i have taken.

    since i completed the first journey, it's time to start part two.

    in this journey i will be scaling the company i now have to a consistent $10k per month in profit. i don't think it should be too difficult and probably will take me less time compared to completing the first journey. right now i need to effectively 2-3x my current results to get to that $10k per month in profits.

    at the moment i'm running $900 worth of facebook ads and cracking about $300-400 per day in profit on average. i just recently started hitting these levels so the next month i'll be seeing if i can stabilize this. i will be letting my current ads run and slowly scaling them up to $1k per day and $1.2k per day. if i can keep the profits consistent at that level i should be able to crack $10k per month in profit consistently.

    i'm also spending around $100 per day on snapchat ads. these ads have generated me some purchases. i'm not profitable right now with thembut i'm still working on it and still collecting data. i'm hoping that i can build enough data to be able to drop $500 per day consistently on snapchat ads and bring in at least 1.50 ROAS.

    by the end of it all i wouldn't be surprised to see myself dropshipping $2k per day on ads in 2 separate platforms. that's a lot of money, at that point i'll need to increase my credit card limit because the spend will get out of control.

    i have a lot of plans for the future. i want to take my one product and improve upon it. then launch a brand new site and get fulfillment centers across the globe. my goal is to have global coverage and sell millions of units to people. i want my product to be the next iPod or AirPods. it's pretty exciting and i'm on a relentless pursuit. first i want to hit this $10k per month goal though. i'm estimating that i'll be started on this improved product sometime around Feburary/March.

    i'm in the process of hiring a VA for my support email and social media comments because it is starting to become a lot. my order fulfillment is automated thanks to the agent i have. things are pretty well streamlined right now. i bring in about 50-80 orders per day and it takes me about 20 minutes per day to place the bulk order for it. so i'm able to push massive volume yet dedicate little time to sustain the volume, it's great.

    the next few days i will be slowly scaling up and assessing the ads, as well as posting results pictures here. i'll be creating some new creatives soon as well. most of the focus will be on scaling up the ads though. that's really what my job is at this point, pushing more ads to bring in more orders.

    and so we go.
     
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    Last edited: Oct 2, 2019
  2. aristocratic

    aristocratic Jr. VIP Jr. VIP

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    Followed your previous Journey.
    Good luck on achieving this too !
     
  3. ddlmanager

    ddlmanager Regular Member

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    Followed your previous journey from the start and learned a lot. Now I’m excited to see how you’ll scale the store! You’re on the right track
     
  4. empiricalwriter

    empiricalwriter BANNED BANNED

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    Awesome, sometimes I wish I could just attempt dropshipping but I have one unusual feeling that I need good startup cash especially for ads which get discouraged....

    Three quick questions-

    1. What payment processor do you use?

    2. How many days does it take you to supply to your customers after their orders

    3. What's your target market (1 tier countries or)

    Thanks and Goodluck
     
  5. PBNSurprise

    PBNSurprise Jr. VIP Jr. VIP

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    1) paypal and shopify payments
    2) orders get fulfilled by agent 1-2 days after i place the bulk order
    3) all epacket countries
     
  6. simplehuman21

    simplehuman21 Registered Member

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    A part of me always wanted to do dropshipping bussiness. This one looking so good!
    50 to 80 orders a day is truly a dream! How long has it been going?
     
  7. PBNSurprise

    PBNSurprise Jr. VIP Jr. VIP

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    about a few weeks now. i think i've been running the same CBOs for over a week now and still they are profitable
     
  8. DropshipDave

    DropshipDave Jr. VIP Jr. VIP

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    I followed you last one, congratulations :) I will follow this one also. One thing though if you are already averaging 300 to 400 a day profit surely you are already making 10k a month profit?
     
  9. sujaan

    sujaan Junior Member

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    I'm also starting a dropshipping journey.... I'm just using aliexpress for now and my niche is common like women's men's clothing and other stuff. I'm not blindly posting the products just checking the ratings and shipping(only epacket). planning on IG first as I don't have much to spend on fb ads right now. But I will be taking it slowly step by step.. Learned a lot from your thread. Good on luck on your 2nd journey...Ofcourse it will be achieved by you.
     
  10. simplehuman21

    simplehuman21 Registered Member

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    Ah I see..
    Do you think fb ads is more profitable or influencers on ig? thanks once again.
     
  11. the gent

    the gent Senior Member

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    Followed your previous Journey, and i will keep an eye on this one
    Hope you reach your goal, good luck
     
  12. PBNSurprise

    PBNSurprise Jr. VIP Jr. VIP

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    i have been averaging around $300 per day but that's only been for about a week now. i'm seeing if i can keep it consistent
    i use 100% facebook/ig ads and some snapchat ads. i never use ig influencers
     
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  13. mindcrimes

    mindcrimes Newbie

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    Following this one too! Seems like the initial investment to get into this is out of my reach, but it's fun and informative to read. Best of luck!
     
  14. sane120

    sane120 Registered Member

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    Can you please answer

    How much is the shipping time?
     
  15. PBNSurprise

    PBNSurprise Jr. VIP Jr. VIP

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    UPDATE:

    yesterday i broke even or lost about ~$50. don't know why but it was terrible lol. lowered my budget a little. today i'm doing well, about 30% profit. i have my VA set up to answer my support e-mails which is great. still working with snapchat ads. the aim of the game now is consistency. seeing if i can keep the profit train going every day. slowly increasing the ad spend and introducing new CBOs. going to launch a new creative today. i make a new one every month
     
  16. money1337

    money1337 Junior Member

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    You mentioned you use PayPal and shopify payments as payment processor.

    1. What percent of the orders are paid through PayPal and what percent through shopify.
    2.Did you encounter any issues with the payment processors? Money holds, blocks, something like that.
    3. I guess your PayPal is a business account registered with your LLC. It was a business account from the beginning?

    It will really help me if you would like to answer to these questions.

    Almost forgot, good luck on your new target!
     
  17. PBNSurprise

    PBNSurprise Jr. VIP Jr. VIP

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    UPDATE

    profits have been on the decline lately. testing more and adding new ad creatives. i'm sure profits will pick back up
     
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  18. PapaIG

    PapaIG Newbie

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    Following this :)
     
  19. nichenoob

    nichenoob Newbie

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    Hope the profits pick back up. Are your old adsets just started performing poorly or have they been changed?

    Any tips on product selection/research? My first attempt at dropshipping only made 1 sale - I think that my site design, ads and product selection could have all been a lot better!
     
  20. ddlmanager

    ddlmanager Regular Member

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    What’s your most profitable campaigns right now? LAAs, Super LAAs, retargeting?