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Recent content by Mad Scientist

  1. Mad Scientist

    Self-Promotion: Post Your Offer, Products, or Services! (2024)

    MARKETPLACE 
    Hello everyone! I'm Fernand, founder of Adjoli, an innovative platform designed to revolutionize Amazon PPC management. After years in the Amazon PPC space, we've developed Adjoli to automate and optimize PPC campaigns with advanced technology and user-friendly features. About Adjoli: Adjoli...
  2. Mad Scientist

    OKR Software for Startups

    EXECUTION 
    We've been using this app for just about a year now and I couldn't recommend it more!
  3. Mad Scientist

    OKR Software for Startups

    EXECUTION 
    I'm glad my team and I could help with your vision for the app. Can't wait to see how it improves over time!
  4. Mad Scientist

    OKR Software for Startups

    EXECUTION 
    I love this idea. I've been looking for a solution to host our OKRs and this seems like a good fit. You might have a new potential client! Looking forward to following your progress.
  5. Mad Scientist

    My Business Progress Report: Failures, Successes & Accountability

    SIDE HUSTLE EXECUTION 
    This is great. Looking forward to seeing your progress in a few months!
  6. Mad Scientist

    What is wrong with me? Why are business ideas hard to come up with?

    IDEA MINDSET 
    In addition to all the great ideas here, I would suggest living below your means in order to bootstrap even more capital for yourself. If you combine that with higher income, you're sure to gain capital at a slightly higher rate. I know that frugality is sh#t on a lot by MJ in the books, but...
  7. Mad Scientist

    Any multi-millionaires or billionaires on this forum?

    HOT! 
    This guy is such an obvious troll. MJ, just ban this guy. I think everyone in this forum would agree with me.
  8. Mad Scientist

    Ask me anything about eCommerce (Ongoing)

    GOLD! 
    That's a great way of deducing the numbers like that. Depends on what you'd define as highly competitive. The first page for most of our products consists of a few sellers with anywhere from 100-400 reviews; but nothing ultra competitive such as baking mats. Sometimes we hit page 1 for all...
  9. Mad Scientist

    Ask me anything about eCommerce (Ongoing)

    GOLD! 
    Not quite. 37% gross margin meaning if I sold a product at $100, my gross profit (profit after amazon fees but not after advertising) would be $37. After advertising, net profit would be $13.
  10. Mad Scientist

    Ask me anything about eCommerce (Ongoing)

    GOLD! 
    1) I do not have a warehouse or employees. Net is gross minus all expenses for us. Net Profit = Revenue - CoGS - Advertising Costs - Storage Fees - Pro Seller Fees - Supplies + Mileage. Our gross margin is roughly 37%. After all our expenses, it brings it down to 13% (with the majority of it...
  11. Mad Scientist

    Ask me anything about eCommerce (Ongoing)

    GOLD! 
    Just finished reading all 56 pages. Thank you @biophase for the great thread. I have a couple of questions for you if you wouldn't mind answering: (1) What do you consider to be an acceptable net profit margin? Our product lines net ~13% profit margins depending on our advertising cost. With...
  12. Mad Scientist

    Jungle scout and products like it.

    WEB/DIGITAL 
    The people above me are right in the sense that Junglescout tends to overshoot sales. I've found a very similar tool named AmazeOwl. Go check them out. They provide a little more statistics on your competitors and it's way more accurate than Junglescout. Here's a video comparing the both of...
  13. Mad Scientist

    16 and Importing

    EXECUTION SOURCING 
    I love the new look and pictures! Keep it up. Giveaways are a great way to gain brand awareness. Be sure to use them sparingly. Also, make sure your Facebook Pixel is installed on every page of your site. Shopify has a setting for this. Free + Shipping offers through a sales funnel...
  14. Mad Scientist

    I've Read The Millionaire Fastlane!

    GOLD! HOT! 
    Just finished the book and... wow! This book will be sure to beat the test of time as it has a solid blueprint for success. I especially loved the 5 commandments and process vs event parts of the book. Just amazing.
  15. Mad Scientist

    Why Selling Doesn't Work

    MARKETING 
    This is just my personal opinion. That's a load of shit. I've been in sales for a while now and I can tell you right off the bat that the mindset you have towards sales is a minority. Not many people have that attitude; in fact I find that it's mostly the control freaks and penny punchers...
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