eCommerce "Try 2"

[WorkingOnIt]

Hey everyone,

So I am going to be honest here and say I have dabbled in eCommerce before, and even had a store online a few years ago. I did horrible. Spent money on things I couldn't sell, a site that was worthless and etc etc etc,. Was really : (

I read a number of Hugh's posts on eCommerce and I'll be say $50,000 USD profit your first month of launching a new product is phenomenal. That is what people make a YEAR in the USA, MOST MAKE LESS THAN THAT. And to make it in a month, is insane compared to what I make monthly.

So after reading threads through here more, and after thinking about it a little. I find that I want to get back into it and give it another go, by trying to follow the steps outlined by Hugh on his progress/success threads.

-----

1. Decided to try eCommerce once again, but with "following" some steps learned through the forums (more importantly Hugh's/Biophase's threads).

2. I have chosen a target market, it is geared towards individuals always on the go/traveling/business men/women.

3. I actually purchased the product myself over a hear ago for $100.00 while I was on the run.
4. Found that I could have bought it cheaper elsewhere.
5. I find that if people act, as they do act presently towards the product when seeing it in action, I can only imagine how many other people out there, there are that really want this "issue" in their fixed and would be willing to pay $100.00 for it, just as I.

6. Found a reputable supplier for it.
6a. I wanted to brand it, but the mold and first order has to be a certain amount which I can't quite place the funds into yet without testing the product. So..

7. Opened a Shopify account. I am only using it because they seem to make it easy to keep track of reports etc,. For my present business I am using excel sheets half the day and want to sway away from it. I also ONLY- hear good things about Shopify.


To Do:

1. Finish Shopify Site. Will contain a variation of the main product with advertising and perhaps 2-3 other similar products in a few months if the main product sells.

2. Test the product and its ability to sell. I am somewhat new to Facebook Advertising but will go that route. If it sells at what I would like it to sell at, for the advertising spend I place on it, then I'll go ahead and include Instagram into the marketing of it all.

That is all for now.
I hope it turns out to sell as much as people were saying they would definitely buy it if they were located in the USA to do so. (Yes, I am in Europe, with the product being used for myself & wanting to sell it in the USA.)

Thanks for reading.
Updates when I have them.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[MitchC]

I started a store after reading Hughs thread over a year ago and yeah you'll make 10k doing what he says

 

[NewManRising]

What thread specifically? Could someone link it here??

 

[Xeon]

I would like to know about this Hugh guy. What's his user name and thread post? US$50,000 in first month? Holy crap, if doing what he did lands you $50,000 first month, I need to browse the supercar catalog NOW!

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[inputchip]

Notable! - Dominating Online Ecom. Starting A New Store From 0
Progress Thread - From Affiliate Marketing To Importing And Ecommerce

 

[JasonR]

I would like to know about this Hugh guy. What's his user name and thread post? US$50,000 in first month? Holy crap, if doing what he did lands you $50,000 first month, I need to browse the supercar catalog NOW!

Not to pick on you, but it's these sort of posts that I think can set the wrong expectations.

Hugh is a friend of mine, and he has been in the game for YEARS. It definitely took him a while to be successful, and he had a long path to get there.

He knows what he's doing after years of experience and hard work, which is what allowed him to make $50k in the first month of a new business, because of his prior experience and hard work. Furthermore, he had the cash to fund his new venture and go big.

So what I'm saying is, if you're new to ecom, don't expect to make $50k in your first month, or even $50k profit/month in your first year.

Nothing can replace years oftime, experience, and starting with a bit of cash.

Start with the goal of making your first $5k/month, and then grow, scale and learn from there.

 

[Xeon]

Not to pick on you, but it's these sort of posts that I think can set the wrong expectations.

Hugh is a friend of mine, and he has been in the game for YEARS. It definitely took him a while to be successful, and he had a long path to get there.

He knows what he's doing after years of experience and hard work, which is what allowed him to make $50k in the first month of a new business, because of his prior experience and hard work. Furthermore, he had the cash to fund his new venture and go big.

So what I'm saying is, if you're new to ecom, don't expect to make $50k in your first month, or even $50k profit/month in your first year.

Nothing can replace years oftime, experience, and starting with a bit of cash.

Start with the goal of making your first $5k/month, and then grow, scale and learn from there.

Thanks for the advice. Yup I read his thread and realize he's been doing affiliate marketing for years before he launched his Shopify store. Initially I thought he started from scratch with no experience and then landed 50k in first month through sheer wits lol

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[Dan1el]

Not to pick on you, but it's these sort of posts that I think can set the wrong expectations.

Hugh is a friend of mine, and he has been in the game for YEARS. It definitely took him a while to be successful, and he had a long path to get there.

He knows what he's doing after years of experience and hard work, which is what allowed him to make $50k in the first month of a new business, because of his prior experience and hard work. Furthermore, he had the cash to fund his new venture and go big.

So what I'm saying is, if you're new to ecom, don't expect to make $50k in your first month, or even $50k profit/month in your first year.

Nothing can replace years oftime, experience, and starting with a bit of cash.

Start with the goal of making your first $5k/month, and then grow, scale and learn from there.

Absolute gold. Set realistic goals and work yourself up from there. If youre new to it even set easy goals to start with and accomplish those, build confidence and keep setting new bigger goals to move towards.

Good luck hope your project works out for you!