GOLD! $126,727 in PROFIT So Far This Month | eCommerce

[Mezy]

Great story, thanks for sharing. It is super interesting to see the process documented and the ups and downs of it all.

 

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[nyc217]

Thank you so much for this story! Wow! Massive value!

 

[tearlach99]

All that by age 21! Congrats! Sorry about your girlfriend. Honestly, I suggest not having another until you are older than 25. Focus on you and the rewards will be great. This is potentially the only time in your life you won't have to be responsible for other people like a wife or children and you can work all hours.


How did you come up with the e-commerce brands? Did you develop the product?

Agree 100%
It's significantly more difficult when responsibilities to a girlfriend or a spouse and kids are added into the mix.

 

[László Károlyi]

*I paid influencers with decent followings to do Instagram posts featuring the product so that the brand would have credibility.

Am I the only one who sees this as a HUGE red flag?

 

[WildFlower]

Am I the only one who sees this as a HUGE red flag?

There should be a "huh" thinking emoji for the like! LOL I would love to know how this turned out. It's crazy what influencer's get paid to do. Many of them were actors but turned to social media and then did better with that.. but now many productions stay away from them because of their "false" diva status. They may be popular in the social media space but not in the TV/Film space. They are used to staying in the most expensive hotels for free then production only pays for decent hotel.. are they going to put up demands? AND most burned productions by being late... and not respecting it... and then bad acting on top of it! I would love to know if it was worth the money of them being paid. How that translated to profit or was it just a selling point.

 

[Xeon]

Am I the only one who sees this as a HUGE red flag?

Why would paying influencers to promote and give credibility to new products be a huge red flag?
I actually feel this method helps an unhead-of-company get traction.

 

[László Károlyi]

Why would paying influencers to promote and give credibility to new products be a huge red flag?
I actually feel this method helps an unhead-of-company get traction.

> influencer
> credibility
pick one.

 

[Jeff Noel]

> influencer
> credibility
pick one.

Some influencers are experts in their niche. Perhaps we're not looking at the same type of people. I consider people with strong social media followings to be influencers.

For example, Mrwhosetheboss, a YouTuber who focuses on transparency and integrity with his viewers, would be an excessively good influencer for those trying to target the smartphone niche. But it's not the type of guy to accept $500 to shoutout a product he never tried. If the guys says to his people "This thing is great, buy it", you'd probably end up with 5000 sales in a day only from his comment on your product.

 

[László Károlyi]

Some influencers are experts in their niche. Perhaps we're not looking at the same type of people. I consider people with strong social media followings to be influencers.

For example, Mrwhosetheboss, a YouTuber who focuses on transparency and integrity with his viewers, would be an excessively good influencer for those trying to target the smartphone niche. But it's not the type of guy to accept $500 to shoutout a product he never tried. If the guys says to his people "This thing is great, buy it", you'd probably end up with 5000 sales in a day only from his comment on your product.

okay, so let me quote the paragraph:

*I paid influencers with decent followings to do Instagram posts featuring the product so that the brand would have credibility.

Keywords: paid, influencers, credibility

 

[FMJJ]

> influencer
> credibility
pick one.

That's black and white thinking. If you work with a credible influencer, he/she will vet the product or service you're promoting before agreeing to promote it.

 

[Xeon]

> influencer
> credibility
pick one.

IMO, it doesn't matter if we perceive an influencer to be credible, as long as that influencer's followers see them as credible and are willing to lap up any products the influencer mentions.

 

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[backindays]

FMJJ

That's black and white thinking. If you work with a credible influencer, he/she will vet the product or service you're promoting before agreeing to promote it.

FMJJ, can you kindly give me some advice for the right people to follow for learn and create a profitable shopify store?
Who are the people that you learned from?
Thank you very much

 

[Jeff Noel]

FMJJ

FMJJ, can you kindly give me some advice for the right people to follow for learn and create a profitable shopify store?
Who are the people that you learned from?
Thank you very much

Most of the time, the best way to go is to get out and do it yourself. You'll make mistakes, but you'll learn infinitely faster than reading or listening to someone else. It's also easier to get a mentor or someone to give you feedback if you are IN the process rather than starring at an imaginary brand.

 

[Frozt]

Before this job in the medical field, I started my marketing agency when I was working for a bakery at minimum wage. This place was a terrible place to work, but we don’t have to get into that. I acquired clients by building funnels and running targeted audiences (paid traffic) to them. I also closed some clients directly. I took clients on monthly retainers. When I first started this, it was nothing serious in terms of income. The service that provides the most value to my clients is managing marketing campaigns on major platforms like Facebook and generating leads. As my experience and skills developed for my marketing agency, I closed clients that were paying enough money to enable quitting the job I was working in the medical field.

Awesome story. Do you have any recommended course to start marketing agency?

 

[dilooska]

Extremely inspiring, thank you so much for sharing! I'm also amazed by your mindset at that age.

I'm also curious, did you build your funnels with clickfunnels? and how much knowledge did you actually have before starting your marketing agency- a little bit more than the average business owner or a lot?

 

[floridaman]

It's the month of August 2020. In this month alone, I made $126,727 in profit so far (before taxes). I'm 21 years old, and I'm honored to say that the content from MJ and this forum has helped me enormously alongside many other valuable sources out there for guidance.

I hope this gives a little bit of inspiration to a lot of aspiring entrepreneurs out there because it wasn't that long ago when I used to be an aspiring entrepreneur myself. Reaching the point I'm at right now was not an easy process to embark on. I had to overcome extremely difficult situations and face my most appalling fears. I'm making this thread with tremendous gratitude in mind for @MJ DeMarco. I remember when I first read the The Millionaire Fastlane a few years ago. I remember how I marked it up and read it over several times. I remember when I first joined the forums and lurked everything. I studied all the GOLD threads. I watched MJ's YouTube videos repetitively. I felt so motivated. I remember how excited it got me to pursue entrepreneurship. Turns out it wasn't an easy pursuit.

As time went by and my motivation faded, I faced some serious mental health complications. I was ridiculed for dropping out of college. I failed at several different business models. I failed at starting brands. I failed to turn a profit over and over again. I was working jobs that were mind numbing and utterly exhausting. I had constant issues with my family. That's a long, terrible story to get into... A few months ago, I suffered going through a devastating breakup with my girlfriend I loved so deeply. This is just a small preview of the adversity you'll face while you pursue the CENTS Entrepreneurial Framework. Everything about entrepreneurship is definitely not all that amazing. You have to focus and stay dedicated despite the stress you may face. However, for me, it was worth embracing the process. I look forward to executing towards my next goals in line to be achieved. I've got a lot in mind for the future. I believe in my vision.

Aside from running a marketing agency, I'm running three eCommerce brands right now. Two of the three brands are massively profitable. The numbers have been rising month by month pretty quickly. This is where the majority of my income is coming from. I've invested in several real estate properties at this point, and obviously I'm developing my portfolio with investments into the market. I'm still working on the third brand to become profitable. I'm managing a lot of different expenses for that brand because it's still relatively new. All expenses considered though, I stated at the beginning of this thread that I'm still in the green.

The hard truth about making your dreams a reality is that you have to put in the effort. You have to believe in yourself. You have to go all out regardless of your circumstances. You have to build yourself mentally and physically. You need to master skills that make you more effective and productive. You have to be creative and innovate. You have to provide VALUE. There's no way you're going to make decent money without figuring out a way to provide great value to your customer. I had to figure that out the hard way. You need to have meaning and purpose in your life. Develop the clarity you need to achieve your most important goals. If it's important enough to you, you'll find a way.

Be courageous.

“All events of wealth are precluded by process, a backstory of trial, risk, hard work, and sacrifice. If you try to skip process, you’ll never experience events.”
- MJ DeMarco

What are your thoughts/feelings on the difference between running a services business, versus running a products business? I was considering starting an agency, but I'm not sure if I want to tie my time to money like that, and have employees I have to manage, etc. I'm considering just doing a digital or physical product.

 

[Ethan_Scott]

This is amazing stuff