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  1. SparksCW

    What Makes An eCommerce Brand Worth $5,000,000

    Is that based on pure profit only without taking into account intangible things like audience, brand value, IP etc? We have a long way to go yet, I’m reliant on our new plan of edu-commerce boosting the multiple as well as the revenue.
  2. SparksCW

    What Makes An eCommerce Brand Worth $5,000,000

    Let’s say you own an eCommerce business in a competitive niche primarily reselling branded goods. What makes that company worth $5,000,000? Today I took some time out to figure out my “number” and then envision what my company would look like to gain a $5m sale so that I could work backwards...
  3. SparksCW

    $5000 to $30,000 per month - eCommerce Progress

    EXECUTION 
    Sales still poor, cash eventually ran out. Had to borrow a fair amount to keep creditors paid. Our new Magento 2 site went live two weeks ago finally after 8 months. The traffic has halved (not sure why - no 404's, doesn't appear to be any ranking slips!) and the conversion rate is also...
  4. SparksCW

    Excited about an idea, but confused on choosing the right website framework.

    IDEA 
    This is a dangerous line of thought for a start up. They may have a cleaner, better, more advanced site but they've likely been around longer, have revenue, maybe had funding, had more experienced backers etc. Had first mover advantage etc. Maybe the owner is a RoR developer so just required...
  5. SparksCW

    How should my daughter sell 100 chocolate bars?

    HOT! 
    Sell 100 tickets at $3 each to win ALL of the chocolate. Or eat it, which is probably what I would do :rofl:
  6. SparksCW

    Working from home - do you have a designated room for working?

    I used to have a dedicated study and got loads done, in our new house I have a desk in the living room and really can’t get into it properly. Kids leave toys all over my desk and it’s just a nightmare so most of my work now is at my office. Looking into a garden office to solve the home...
  7. SparksCW

    How to Get Free Traffic from Search Engine Optimization

    EXECUTION 
    Yes I think so, we've made a few mistakes in the past 12 months with regard to not producing enough content, not adding new products and basically not working on SEO enough. Our CTR has dropped 100% since we launched our new Magento 2 site, I'm not entirely sure why, if it's the site or just...
  8. SparksCW

    Smart Desk Lamp: Criticism and Feedback Wanted

    Make sure you do plenty of research as there is already at least one product on the market that matches all of your proposed features. I have one on my bedside cabinet. ;)
  9. SparksCW

    How to Get Free Traffic from Search Engine Optimization

    EXECUTION 
    Amazing traffic! I’m working on SEO at the minute. Our site used to rank quite well and we were getting steady traffic but only talking 5-600 a day. Recently we’ve dropped to 200 a day and sales have crashed as a result so desperately need to get the traffic growing again. I’ve written...
  10. SparksCW

    Current thefastlaneforum.com worth

    SIDE HUSTLE WEB DESIGN 
    @MJ DeMarco I Hope so otherwise my business is only worth $679 :rofl:
  11. SparksCW

    I'm going to go from bankruptcy/£240,000 personal debt to a life of freedom using Facebook ads.

    EXECUTION 
    Hope it helps you getting it out there. I’m in a similar situation and had to write down all my mistakes a few days ago just so I could stop a negative thought cycle in my head. It seems a bit easier once you own it. Similar story but not quite as much £ as you. Have a relatively good...
  12. SparksCW

    Are you kidding yourself? Do you really want to grow your business?

    GOLD! RANT 
    @biophase I'm keen to here about the things you do to grow your business. You know, the 20% that actually moves the needle and drives revenue/increases profits. Do you spend a lot of time continually working on PPC? Or looking for new products? I'm trying to leave my team to do the day-to-day...
  13. SparksCW

    $5000 to $30,000 per month - eCommerce Progress

    EXECUTION 
    Having a nightmare with business lately. Sales are down, traffic is down, everything's down. Biggest thing I can say is never put too much effort into one product line or one brand, all of our efforts have been into one brand and now that brand is selling to a lot of resellers and our sales are...
  14. SparksCW

    Becoming An Industrialist

    Amazing. I'm sat here on a Saturday morning when everyones out at the beach stressing that I'm struggling to grow my business and then you go and post this. I'm not going to start a packaging company :rofl: but the concept has given me some ideas. Thank you.
  15. SparksCW

    $5000 to $30,000 per month - eCommerce Progress

    EXECUTION 
    Not much different to four days ago on my last update :) but we did have a big meeting today where we've started addressing logistics issues and streamlining the business. Went quite well, our warehouse is packing way too slow but it was taken well and we're implementing a series of...
  16. SparksCW

    $5000 to $30,000 per month - eCommerce Progress

    EXECUTION 
    I've barely got it implemented yet on the main site, but in trials it appears very good, way better than MailCheat(Chimp) at least! Will be completing this on the main site shortly and after a few months should be able to give a better insight.
  17. SparksCW

    $5000 to $30,000 per month - eCommerce Progress

    EXECUTION 
    July update, back on track now, last two months were very poor, this month has been OK. I've deleted ALL sub-sites, we now only have our main two websites and a smaller brand site (no involvement required). I've moved one of the main sites from Magento to Shopify and re-built it from the ground...
  18. SparksCW

    The US Needs More Tradespeople

    HOT! 
    I have a trade background, I'm a big fan of apprenticeships. You get paid to learn something that's in demand, and every trade has so many horizontals and verticals to service.... either a good job, a new innovation, a new business etc. There are so many opportunities, you get paid to explore...
  19. SparksCW

    The road to wealth is simple: Drive a crappy car

    HOT! INVESTING 
    I agree to a certain degree. There's no point having high finance costs on "boring" fancy motors just so you can "look the part" (been there done that). However I'm a big car fan who doesn't currently have a "fun" car. I don't go out partying, I don't have lots of holidays or buy lots of things...
  20. SparksCW

    $5000 to $30,000 per month - eCommerce Progress

    EXECUTION 
    June update. Last couple of months have been quite hard with sales averaging around $60,000 / mo, especially compared to the first few months of the year as they were really good. I've been quite down about it all, complete lack of progress, almost going backwards to be honest. But I've...

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