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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. walandio

    walandio Supreme Member

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    I think I know what your product is and I think it is an evergreen niche.

    If you have a high cpp then you should sell it at a higher price and try to find ways to increase your average order value. I think you could sell your product at $30 to $40 especially if you brand your website, ad creatives and product nicely. If you are break even on your high ad spend days then you should get a positive profit if you increase your aov.

    I have been following your journey and your spirit is amazing. Keep it up don't be discourage.
     
  2. PBNSurprise

    PBNSurprise Jr. VIP Jr. VIP

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    i settled on $18 as my price. that is 3x the cost if i buy a single product. maybe i could get away with $25 per product... but i think at that point my coverage rate would get hurt
     
  3. InstagramDude

    InstagramDude Junior Member

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    Your problem is lack of diversity. You're depending yourself on Facebook Ads as the sole marketing channel.
    I suggest sticking to a Facebook Ads budget there can hold a consistent amount of profits, and start seeking other marketing channels. There are hundreds out there, and there are people making thousands upon thousands on each of them.
     
  4. PBNSurprise

    PBNSurprise Jr. VIP Jr. VIP

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    i'm not looking to make thousands upon thousands. i'm trying to make hundreds of thousands
     
  5. InstagramDude

    InstagramDude Junior Member

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    And you think you're gonna do that without diversity?
     
  6. andry91959

    andry91959 Newbie

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    Hello, I just want to ask. Is $900 daily spend for ads? is $300 profit include paypal and tax fees?
     
  7. M1nnow

    M1nnow Junior Member

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    Following, gj dude.
     
  8. M1nnow

    M1nnow Junior Member

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    Hey dude may I know if most of your purchases were from a credit card or PayPal? Because I cant use credit card checkout on my country with Shopify.
     
  9. PBNSurprise

    PBNSurprise Jr. VIP Jr. VIP

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    it's 50/50

    UPDATE:

    i'm getting kind of tired of my product *yawn*. it doesn't make me money. too much bull shit. i'm gonna try testing with like 2 more creatives. if still i get the bullshit and no profit then i'm gonna just quit lol. shet is too dumb
     
  10. guntur9090

    guntur9090 Regular Member

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    Nahh, What if you create the product? will you change the product? How much money will you spend per research?
     
  11. PBNSurprise

    PBNSurprise Jr. VIP Jr. VIP

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    right now i'm close to switching to a new product. i'm testing another creative. my last creative was getting low CPC but not delivering profitable results. idk why but things have fell off for me. i'm probably going to test one or two more really good creatives after this one. literally will give the next creatives serious thought and give it my all. if after testing those two creatives i come out as failing then yeah i'll move on to a new product. can't stand losing anymore money. today i probably lost like $100-200. it ads up, when the ads just fail everyday and aren't profitable, the losses can be high
     
  12. ZeroDefects

    ZeroDefects Jr. VIP Jr. VIP

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    @Ohmnito - Seriously man, that was a rock star response. Thanks for making bhw better for all of us, if I could offer more thumbs up, I would!
     
  13. wilder31

    wilder31 Registered Member

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    GL op!
     
  14. Insanekhane

    Insanekhane Registered Member

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    One question here. Are you talking profit or revenue? Because getting 10k profit would be pretty impressive. Also, what is your mark-up?
     
  15. WhiteBirdER

    WhiteBirdER Jr. VIP Jr. VIP

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    Hello, do you using one product shop, niche store or gift multiproduct store?
     
  16. PBNSurprise

    PBNSurprise Jr. VIP Jr. VIP

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    i mark up 2.5x

    UPDATE:

    i'm trying one last few more times to make these ads work. if i can't make it work by friday i'm heavily thinking of quitting the whole site and starting with a new product.

    i've tried 4-5 different ads. 2-3 ads i made by myself, and 3 ads that i bought from fiverr. my most recent ad i made by myself, put a decent amount of work into editing, the results it produced were shit. so yeah, i'm trying a little more to see if i can bring this back. if i can't then i may just give up. it sucks but gosh damn it i'm getting tired of reworking the same ads over and over again, hoping for a different result. feels like i'm just pissing away more money. i need a brand new product and a brand new start
     
  17. WhiteBirdER

    WhiteBirdER Jr. VIP Jr. VIP

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    you skipped my question :( Also what is percentage of net profit? I mean profit when excluded costs for fulfilment and fb ads
     
  18. MaNameDingle

    MaNameDingle Newbie

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    You'd know the answers to these questions already if you actually made the effort to just skim through the threads.
     
  19. PBNSurprise

    PBNSurprise Jr. VIP Jr. VIP

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    UPDATE: GETTING READY TO SHUT DOWN MY STORE

    well it looks like i'm near that point. i've been trying with these ads for so long. i've spent over $50k on the ad account and STILL i'm struggling with the ads. as of now i am basically thinking about how i'm going to shut down the store. i may decide to sell it, not sure yet. i need to cancel all the apps and the shopify subscription so i don't get unnecessarily charged. i also need to cancel taxjar and quickbooks because i won't be needing them anymore. i'm not going to file any taxes for the year because ultimately the business failed

    as for the LLC and my sales tax permits, i have to figure out how to close those out too. my main concern is closing down any reoccuring payments for the store. this includes the support platform i've been using. will keep the site up for a month on the basic shopify plan and regularly check the e-mail for support inquiries. at one point though i'm going to sell the store and stop checking the e-mail account. i wonder if i left the store on it's own with no traffic pushed if it can generate more than $50 in profit per month. if it can, they i may just keep the store and let it live to bring in passive income

    will see what happens. but yeah i'm basically getting ready to contact application support e-mails to try and get my money back since i'm about to cancel everything

    going to start researching and learning more. back to the basics, finding a winning product and going from there. this time i should be able to crack $100 per day in profit quickly and then go from there. i will document the new store and its journey on this thread

    until next time folks
     
  20. kacm1234

    kacm1234 Newbie

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    I read in the comment that your payment method is PayPal only
    Add Credit Card and you will reach to 10k as soon as possible