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I think after 5 years I quit but what's next?

LiveEntrepreneur

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I'll try not to bitch and moan on this thread but it's been about 5 years since I've started this journey I'm not even 1% to getting where I want to be. My most recent effort includes running a dropshipping store for a year learning some really great stuff about marketing and business probably the best experience I've had so far where I've generated over 150 sales (not much and at a massive loss) and I recently started another store where same thing except I was almost profitable among my facebook ad sets I've tested lots of products but nothing that has gotten me to a profitable stage.

Recently I had a product that had over 50 add to carts but no purchases (over $800 in profit lost) and I think it may be the product that is the problem but I'm not sure. But either way I've lost all energy to go forward. I thought a break is what I needed but I noticed no matter how many breaks I took, I would be back to square one.

I got a bunch of value providing ideas written down, but I get the feeling the same cycle would continue of no motivation, energy, etc. I don't know what to do next just looking for some advice if possible. While I don't feel like working on any projects at the same time when I don't it's affecting my quality of life much more where I'm bringing my personal problems to my workplace and it's affecting my mood and day. Starting to think have I just been on the wrong road the entire time?
 
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OneLife

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I'm in no position to tell you what to do next, but if you want you can PM me your store and I'll tell you what I think. I had miserably failed with 4 stores but I kinda changed my mindset in terms of eCommerce and finally things are starting to click ($6k last month with 20% profit. Not really a big achievement but after losing thousands of $$, it's something)
 

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Entrepreneurship isn’t always fun but it shouldn’t be ruining your quality of life. Maybe consider that entrepreneurship isn’t your path (it isn’t for most people) and try to find as much enjoyment from your work and life as possible. This self improvement, make money and hustle culture has gotten very toxic and ignores the fact that most people have no business starting their own company. Just something to consider
 

Timmy C

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I'll try not to bitch and moan on this thread but it's been about 5 years since I've started this journey I'm not even 1% to getting where I want to be. My most recent effort includes running a dropshipping store for a year learning some really great stuff about marketing and business probably the best experience I've had so far where I've generated over 150 sales (not much and at a massive loss) and I recently started another store where same thing except I was almost profitable among my facebook ad sets I've tested lots of products but nothing that has gotten me to a profitable stage.

Recently I had a product that had over 50 add to carts but no purchases (over $800 in profit lost) and I think it may be the product that is the problem but I'm not sure. But either way I've lost all energy to go forward. I thought a break is what I needed but I noticed no matter how many breaks I took, I would be back to square one.

I got a bunch of value providing ideas written down, but I get the feeling the same cycle would continue of no motivation, energy, etc. I don't know what to do next just looking for some advice if possible. While I don't feel like working on any projects at the same time when I don't it's affecting my quality of life much more where I'm bringing my personal problems to my workplace and it's affecting my mood and day. Starting to think have I just been on the wrong road the entire time?

Up to you man.

I've felt like this before at one stage.

Take a month off and enjoy life for a bit without worrying about all this stuff.

The itch will come back, you probably just need to lick your wounds, think about what you've done, where you f*cked up and come back for another round.
 
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OneLife

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To continue the posts above,
Why did you start dropshipping? Why do you want to become an Entrepreneur?

Do you have a purpose, a reason you're doing this for, or is it just because being an entrepreneur and hustling is the trend now?
 

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Maybe you need to get out of the dropshipping space and find something that will create some purpose rather than a means of just bringing in money.

Sometimes it takes time to find something that creates a fire in your belly. But it's an uphill struggle if you don't have something that excites you enough to make you want to get out of bed in the mornings. Time for some serious reflection I think.
 
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Wouter

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I'll try not to bitch and moan on this thread but it's been about 5 years since I've started this journey I'm not even 1% to getting where I want to be.
Where do you want to be?
I think it may be the product that is the problem but I'm not sure
What makes you think the product is the problem?
I got a bunch of value providing ideas written down, but I get the feeling the same cycle would continue of no motivation, energy, etc.
Sometimes it takes a while to hear the market echo. But if you're 100% convinced you're building something valuable, you can run on that energy while results might be visible months/years later. Especially if you're convinced this will bring you to your personal goals. If you're money chasing, trying to sell products that nobody wants to buy just to make a short term profit, you'll run out of energy very quick.

Where do you want to be in 1 - 5 - 10 years? What is your big hairy audacious goal? Why is it worth it for you? What steps would you have to take to get there? What steps can you take today to get you to where you want to be 1 - 5 - 10 years from now? What service/product could you offer that would create massive value for you customers? What problems can you solve, what needs can you fill?
 

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Maybe you need to get out of the dropshipping space and find something that will create some purpose rather than a means of just bringing in money.

Sometimes it take time to find something that creates a fire in your belly. But it's an uphill struggle if you don't have something that excites you enough to make you want to get out of bed in the mornings. Time for some serious refection I think.
I like this advice. It's really important to look within and not let people push you into something that's really not right for you. I know I'm an entrepreneur, specifically an artist. But I can't just do a business to make money. It has to align with my spirit. Not too many business gurus talk like this so you have to rely on your own intuition. For me, I'd rather do a day job plus my art than do some kind of dropshipping selling random products. Everyone has to find their own path.
 

TheGreek

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I am not in the dropshipping business but I have felt like that before in my projects. I wanted to quit or change businesses many times in the last years. But I don't believe there is a wrong road. We learn from everything and move forward.

You have probably learned some skills that you could use even if you don't want to continue with your stores. There are mindset lessons on any journey as well.

The negativity and the lack of energy or motivation are signs that you don't expect results from your efforts or don't like the activities. You may push yourself too hard as well. It's important to do things that will allow you to become optimistic about the future again and enjoy your work.

I try not to think of the short term results. When I think short-term, I get stressed. I don't expect any big changes in the next days, weeks, or months. But I want to build something big in the long term. I just try to take one step forward today in the right direction. Find one more client, write one more blog post, do a few more reps on the gym, etc. In 5-10 years, I will have something big.

Nothing significant happens in the short-term. So, it's fine to take some days off and just have fun or think about what you want to build. There is no need to rush.
 
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Andy Black

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I'll try not to bitch and moan on this thread but it's been about 5 years since I've started this journey I'm not even 1% to getting where I want to be. My most recent effort includes running a dropshipping store for a year learning some really great stuff about marketing and business probably the best experience I've had so far where I've generated over 150 sales (not much and at a massive loss) and I recently started another store where same thing except I was almost profitable among my facebook ad sets I've tested lots of products but nothing that has gotten me to a profitable stage.

Recently I had a product that had over 50 add to carts but no purchases (over $800 in profit lost) and I think it may be the product that is the problem but I'm not sure. But either way I've lost all energy to go forward. I thought a break is what I needed but I noticed no matter how many breaks I took, I would be back to square one.

I got a bunch of value providing ideas written down, but I get the feeling the same cycle would continue of no motivation, energy, etc. I don't know what to do next just looking for some advice if possible. While I don't feel like working on any projects at the same time when I don't it's affecting my quality of life much more where I'm bringing my personal problems to my workplace and it's affecting my mood and day. Starting to think have I just been on the wrong road the entire time?
I’m interested in what @eliquid and @Lex DeVille would say. @Almantas too.

Does getting market feedback motivate you? Like a heartfelt thank-you note from someone you’ve helped? I get those occasionally and they are super motivating and inspiring.

As for attention/self-motivation. I seem to go in cycles. I immerse myself in something for a week, come up for air, then immerse myself in something different for another week. Like full-on tinkering till the wee hours or consuming YouTube videos and podcasts - without realising time is flying by.

I then naturally get bored/tired of it (I liken this to coming up for air).

I then dive into one of my other 3-4 projects that I’m simultaneously working on and immerse myself in that for a week.

Each month I move each of those projects forward and it’s not the complete shiny object syndrome it seems. All the projects are related, and I try to get something achieved that can be left on autopilot till I come back to review the results.

Sure, it might look like I’m going round in circles, but I’m laying bricks each week and building my moat higher each month.

So this is how I naturally keep motivated and working each week. (Although I don’t think working till the wee hours is a badge of honour... I was just illustrating how I lean into what fascinates me.)


Oh, and I have a dozen or so clients which brings a lot of variety.

And I participate in the forum and a few Facebook groups as my “break” from work.

And I message a lot of people in my network which helps keep me going as well as sane.

Do you regularly communicate with people? Do you have a handful of comrades in arms that you’re chatting to daily?


What’s on your list of “things to figure out”? I’ve a big list still, and a lot of them are progress threads in the forum that I round-robin between rather than keep on plugging away at just one.
 

Kid

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I did exactly what you feel want to do right now.

I gave up took money out of what i was doing and spent them on few things that supposed to make me happy.

Two things happen.
1. Those things made me happy for about few hours.
2. Month after that, what i was previously doing went x10 ( x14 to be exact ) - and pal that i discussed business with had good laugh for some time.

I don't regret it much, because from that event i got lesson - always follow what you think/believe.

So what you can do, now?
You can keep trying achieve your goals. Try different paths but keep the goal intact.
or
Give up, see for yourself that giving up is not an answer and come back to entrepreneurship.

Whatever you choose, i'm wishing you good luck!
 

AllenCrawley

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Recently I had a product that had over 50 add to carts but no purchases (over $800 in profit lost) and I think it may be the product that is the problem but I'm not sure.
PM me your website. A good metric or rule of thumb I look for is at least 50% of your add to carts move on to checkout. 50% of checkouts initiated actually purchase. So you should have had about 12 people of the 50 add to carts actually purchasing. Let me take a look.
 
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Simon Angel

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PM me your website. A good metric or rule of thumb I look for is at least 50% of your add to carts move on to checkout. 50% of checkouts initiated actually purchase. So you should have had about 12 people of the 50 add to carts actually purchasing. Let me take a look.

He's dropshipping though.. what you're saying holds up mostly (even exclusively) for the US market.

Unless his payment methods were broken or his traffic was coming from India or Africa, I doubt he could go with 50 ATC and no sales when running ads in the US (or any English speaking country).

@LiveEntrepreneur I gave you a ton of advice on running a dropshipping store in one of your threads + scaling methods, it has obviously not worked for you.

Send us your store now and the product page with 50 ATCs so we can brainstorm what's going on, there's no point in letting all that time and money invested go to waste.
 

juresesko

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You can do many things.

You could go on with dropshipping

You could start to look what people need and make something yourself

You could stop building a business from scratch, start making money and then buy an existing one

You could try to get an internship where you will learn about business maybe

You could learn a skill in demand and try to make something out of it (copywriting, web design...)

You could look at this from a different angle you said you reached only 1% in 5 years and the only thing you mentioned was dropshipping what else did you try?

You could stop trying for some time if you feel like burning out maybe after some time an idea will generate.

You said you don't have any motivation/energy look into your passions maybe there you will find something you want to work on.

You could try to connect with god, faith is one of the strongest powers

I think something is wrong with you and the way you look at things than with entrepreneurship

I think that the answer to your question is hidden in you and not in the forum.
If you want to talk send me a PM we can have a chat about that.
 

OneLife

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Nothing significant happens in the short-term. So, it's fine to take some days off and just have fun or think about what you want to build. There is no need to rush.

I'm trying to implement this advice into my life, but the problem is every time I'm letting myself "go off the gas pedal" I instantly feel guilt and go back to thinking what else I can do to improve myself/my business. Would love to hear some opinions on how to let go sometimes lol
 
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Timmy C

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I'm trying to implement this advice into my life, but the problem is every time I'm letting myself "go off the gas pedal" I instantly feel guilt and go back to thinking what else I can do to improve myself/my business. Would love to hear some opinions on how to let go sometimes lol

Some days I let go. I just automate things for the day to keep my group engaged. I'll still work but not really, it's a 10% day.

If you can't automate anything yet just take a day off, it will actually increase your productivity and you will be reenergised.
 

eliquid

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I’m interested in what @eliquid and @Lex DeVille would say. @Almantas too.
Thanks
I'll try not to bitch and moan on this thread but it's been about 5 years since I've started this journey I'm not even 1% to getting where I want to be. My most recent effort includes running a dropshipping store for a year learning some really great stuff about marketing and business probably the best experience I've had so far where I've generated over 150 sales (not much and at a massive loss) and I recently started another store where same thing except I was almost profitable among my facebook ad sets I've tested lots of products but nothing that has gotten me to a profitable stage.

Recently I had a product that had over 50 add to carts but no purchases (over $800 in profit lost) and I think it may be the product that is the problem but I'm not sure. But either way I've lost all energy to go forward. I thought a break is what I needed but I noticed no matter how many breaks I took, I would be back to square one.

I got a bunch of value providing ideas written down, but I get the feeling the same cycle would continue of no motivation, energy, etc. I don't know what to do next just looking for some advice if possible. While I don't feel like working on any projects at the same time when I don't it's affecting my quality of life much more where I'm bringing my personal problems to my workplace and it's affecting my mood and day. Starting to think have I just been on the wrong road the entire time?

Sound like it could be a few things.

1. Do you have realistic expectations? If it's to be richer than Warren Buffet, than maybe that's why your 1% is an unhappy movement.

2. How bad do you really want it?
View: https://www.youtube.com/watch?v=lsSC2vx7zFQ


I know I would for sure be in the water, holding my breath and passing out. How about you? How bad do you really want it?

You ready to pass out from work over this? You want this more than air?

I have some pretty big goals. Things don't always work out for me like I planned. Because of this I was up from 7am until 4am ( the next day ) working. I got 3 hours of sleep last night. I have a migraine and no time to be running my son some money while he is stuck in Poland today, but I did it and came back and doubled up the work I missed out on.

I didn't take a day off like my brother-in-law would have. I didn't tell my son I couldn't find the time to send him money or tell my clients/business partner I needed time off to run to the bank. I didn't lay in bed or get distracted from the pain behind my eyes.

I didn't look for another business idea because I couldn't make the one I am on not work. You just do WTF you gotta do.

No one is coming to your rescue, so you just do it.

I haven't eaten in 2 days. Not because I can't or because I didn't have the time.. I was working and forgot. FORGOT. You ever want something so bad you FORGOT to eat? I have and I do it all the time. It's how I started intermittent fasting. I didn't do it for my health, it's just what happens.

Is this bad for my health? Maybe. My goals are more important though. Kinda like the video on how bad do you want it. What are you ready to give up ( if anything ) to get that goal.

If it's only mild comfort like you're willing to give up a Saturday afternoon of drinking, you ain't going to get anywhere. If you're ready to give up everything you have ever known and ever will know to play the game, you might get somewhere with it.

Past that, I think you may be chasing goals instead of actually making them. Real goals that fit you. You need to read this about 30 times in the next week and find out what actually fits you and what you want and can do:

And Facebook Ads? Losing $800 is nothing.

Facebook needs about 50 events in less than a week to start optimizing things for you. If you want conversions you need 50 conversions for FB to start to kick in. Seems like you got 50 ATC's which is nothing.

You need to keep losing money before you really know what you have.

I've spent $500k of my own money on FB ads recently ( out of my own pocket ) and close to $10m in client's money for FB ads in the past 12 months. If you got a decent product, good copy, and a process to collect money after the sale ( funnels ), you can make most things work.

Find a way to get those 50 conversions, but do all the other stuff I said above too

.
 
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TheGreek

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I'm trying to implement this advice into my life, but the problem is every time I'm letting myself "go off the gas pedal" I instantly feel guilt and go back to thinking what else I can do to improve myself/my business. Would love to hear some opinions on how to let go sometimes lol
If I need to take some days off, I take some days off. It's possible to think about my business when I don't work. I think it's ok.
 
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James Klymus

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I saw someone comment about how the whole hustle culture is toxic. My definition of hustle culture would be something to the effect of: The typical internet youtube guru who brags about how he works 80 hour weeks, has 3 businesses and is launching a 4th, and preaches to never stop hustling. He says jobs are for losers, and if you work one youre just another rat in the race. Lock your self in your house, work hard and grind.

At least thats what I've subscribed to the last 5 years or so.

What are you doing for an income right now? Maybe you should really think about what interests you career wise. Are you interested in sales? Marketing? Cars? Guitars? Guns? Beer? Video games?

Maybe you should get another job/source of income in a field that you're interested in, so that you can see some of the issues within the industry. In other words, Domain experience.

I know that for the past 5 years of my own journey (funny enough we started around the same time), I always thought that getting a job to get experience was giving up on my entrepreneurial dreams. It's not. Especially if you're young and don't have a bunch of financial obligations.

It can be hard to see opportunity when you're in the same rut at the same job every day.

Or maybe you can freelance with your skillset of marketing. I was doing dropshipping for a few years, and I know that I have a ton of experience with direct response marketing. Maybe you can help businesses in your area with their FB and google ads.

It sounds to me like you're frustrated, probably because you have really high expectations from all of the internet gurus who brag that they became a millionaire at 22. Then you think "shit, i'm 31 and I've been doing this for 5 years, why am I not as successful as this kid?

I don't think that you shouldn't be an entrepreneur. I just think you need to get reinvigorated somehow. Make a change in your life, wether its where you live, your job, your business, something.

It also sounds like you're just so fixated on making this work, that youre getting burnt out. Try to do at least one fun and/or new thing per week to break up the monotony. It'll also help you refresh your mind so you're not as frustrated/burnt out.
 

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Quit and get a job at Mcdonalds and keep dumping money into facebook ads and a dropshipping store with alixpress products, maybe sanj modha can help you out with that :rofl:

Or start a real business that operates under CENTS and a productacracy? Some dude in Arizona wrote a couple books on it, forget his name..........

Stop chasing money?
 
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Is your heart set on dropshipping?
 

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I don't mean to be mean. I've been in this for a long time and still nowhere near where I wanna be... but I'm not stopping. I don't want to. Just because I'm not particularly good at this doesn't mean I don't want to do it. Every little step forward is a win.

But if you're not feeling it... take some time off. Then quit.
 

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LiveEntrepreneur

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Hey ap
I'm in no position to tell you what to do next, but if you want you can PM me your store and I'll tell you what I think. I had miserably failed with 4 stores but I kinda changed my mindset in terms of eCommerce and finally things are starting to click ($6k last month with 20% profit. Not really a big achievement but after losing thousands of $$, it's something)
preciate but i thinj ive given up with the dropshipping side of things got no i terest in it anymore probably because i didnt make as much money in the time frame that i wanted.
 

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Heres t
Up to you man.

I've felt like this before at one stage.

Take a month off and enjoy life for a bit without worrying about all this stuff.

The itch will come back, you probably just need to lick your wounds, think about what you've done, where you f*cked up and come back for another round.
The thing every time i take a day off i feel like a loser cause its always on my mind im not doing anything or achieving anything but at the same time i find it so hard to push myself. I get that lazy disguisting feeling all day long when im not doing anything.
 

LiveEntrepreneur

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T
To continue the posts above,
Why did you start dropshipping? Why do you want to become an Entrepreneur?

Do you have a purpose, a reason you're doing this for, or is it just because being an entrepreneur and hustling is the trend now?
To be honest the initial store i started was out of fustration after 4 years not making any progress i wanted to make some money fast which i did but not profit.
 
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