- Thread starter
- #271
Been about a year since I started on this path so it's time for an update.
I learned A LOT this year. It was kinda like going back to the school of hard knocks. My overall income dipped because of this vs just hitting affiliate marketing like I had been, but the payoff is well worth it for me.
Few key take aways:
I'm very excited for the next 12 months and all the years to come. I am excited to be in this space. Coming up with new products and introducing the world to them just excites me. May next year bring massive learning and incredible experiences to everyone
I learned A LOT this year. It was kinda like going back to the school of hard knocks. My overall income dipped because of this vs just hitting affiliate marketing like I had been, but the payoff is well worth it for me.
Few key take aways:
- There are scumbags in ecommerce just like in affiliate marketing. You try and help people, show them your funnels and products to help them out (yes guys on this forum are no exception) and find out 1 month later they stole your exact funnels and products and are trying to compete. I will destroy anyone because I put in the time to build top notch service for my customers, but it just pisses you off.
- There is a massive wave of drop shippers hitting right now. They all sell crap products. They scale like mad to get up to $25k a day, only to burn out in a month when paypal freezes their accounts, FB bans them, and customers are charging back their orders because of shipping issues/piss poor customer service/and terrible quality products that are usually rip offs of patented products. Idiots. These are the money chasers. Don't be one of them. Be a wealth creator. Don't get sucked into the crazy money they "seem" to make.
- Doing things correctly takes TIME. Lots of time. Don't expect to make a ton of money overnight if you don't have $$ in the bank to hold a ton of inventory and a pay a team of people to help you provide customer service to all those orders.
- Selling on FB is good and all, but you need more sources if you want your business to really be sellable at fun multiples.
- Working with the right people is crucial. From who you partner with (if you partner) to who you hire to help as well as who you go with for fulfillment. These are all SO IMPORTANT. I finally have a good fulfillment center that i'm extremely happy with. It makes a night and day difference. Customer service issues are cut literally by 90% just by getting a fulfillment center that cares. It amazes me the crappy service and high fees these guys charge because - that's what they all do.
I'm very excited for the next 12 months and all the years to come. I am excited to be in this space. Coming up with new products and introducing the world to them just excites me. May next year bring massive learning and incredible experiences to everyone
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