• The Entrepreneur Forum | Startups | Entrepreneurship | Starting a Business | Motivation | Success
  1. Join 40,000+ entrepreneurs
    who are kicking butt and
    winning their dream life.

    Unscripted™ Entrepreneurship:
    A Business That Pays More Than Money, It Pays Time.

    "Fastlane" is an entrepreneur discussion forum based on The Unscripted Entrepreneurial Framework (TUNEF) outlined in the two best-selling books by MJ DeMarco (The Millionaire Fastlane and UNSCRIPTED™). From multimillionaires to digital nomads, the forum features real entrepreneurs creating real businesses.

    Download (Unscripted) Download (Millionaire Fastlane)  Register
    Registering for the forum removes this block!

NOTABLE! $500,000+ revenue on Shopify!

Discussion in 'Progress/Execution Threads' started by Sanj Modha, Jun 11, 2016.

  1. Sanj Modha
    Offline

    Sanj Modha Gold Contributor Speedway Pass

    Messages:
    612
    Likes Received:
    1,853
    Joined:
    Feb 16, 2016
    Gender:
    Male
    Rep Bank:
    $13,404
    I posted this over at FB and it made some dents. I think it could help someone here too:

    Today marks an important milestone for me. It's one year of going full time on Shopify. I have 3 stores now with an excess of $500,000 in revenue (2 are newer launched in the last few weeks). Profit is $200,000.

    I'm not here to brag or to release any dumb course. I'm here to inspire. To quote Biggy Smalls "It was all a dream...".

    I'm actually embarrassed to post this because I know guys in here making these figures A MONTH. But you gotta start somewhere right?

    This store took a dip recently due to FB ads playing up but that taught me an important lesson. I'll post it below.

    I started with a vision and a road map to success. Here are my top 10 tips for achieving the same:

    1) Follow the right people and unfollow the rest. Most gurus are bullshit.

    2) Get into a routine. I meditate, power pose (see Amy Cuddy's video on TED), and do some stretches before starting my day. How you do anything is how you do everything.

    3) Read for 30 minutes EVERYDAY. Wow...I wish I knew this when I was 18 years old. Read anything and everything. Start with sales, marketing and mix it up with fiction. I alternate between the two genres.

    4) Don't work weekends. Seriously, I haven't worked a weekend in years. Spend time with your loved ones, your kids, your dog. Money cannot substitute that.

    5) Learn processes. Bruce Lee called it right. Success is about stripping everything away and processes help you do that.

    6) Do not rely on any one thing for your income. This is my biggest mistake to date. I was focusing on FB traffic without considering email marketing or Adwords. Now I use all 3 in my arsenal to generate sales. I'm actually in the process of replicating this revenue with Adwords traffic only.

    7) "Offer value first" - I'm sorry but that's bullshit. You don't open a store in your local mall to give things away. You do it to make money. I know people will disagree but that's the cold hard truth. If you don't believe me - watch Kevin O'Leary on Shark Tank. Offer a sizzling product to the right audience and you will make money. Truth.

    8) Be a nice person. Yeah the world is full of douche bags but you don't need to be one of them. I'm heavily influenced by eastern philosophies and I live in India now so I guess it's easier but if you're struggling in life, close your eyes, take a deep breath and exhale for 10 seconds. It's a Zen practise I use all the time.

    9) Network, network, network - find people who propel you forwards. Join a pack of lions. Become the leader.

    10) If your productivity sucks. Go use the Pomodoro Technique. It works!

    I didn't get here by myself. I met some extraordinary people who mentored me, showed me the path, ridiculed my ideas but ultimately shaped my character. I thank you all and you know who you are.

    Gary Vee walks into any room thinking he's the best but also realizing that his work doesn't matter. Make your ego your friend and drown out that negativity.

    I'm the proud son of working class immigrants. I didn't know anything but I learnt it all. Success isn't born. It's made.

    If I can do it so can you. I also want to thank the entire team at Shopify for making this possible. My goal for next year is $1m/store.

    Good luck.
     

    Attached Files:

    Blu H, NoshS, Roz and 175 others like this.
  2. Vigilante
    Online

    Vigilante Legendary Contributor Staff Member Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR Summit Attendee

    Messages:
    9,644
    Likes Received:
    54,387
    Joined:
    Oct 31, 2011
    Gender:
    Male
    Location:
    Gulf Coast
    Rep Bank:
    $185,137
    The first person replying to this that asks him what he sells is getting banned from the thread.

    Thank you for sharing this.
     
    Roz, SMH, Aristotelis_96 and 77 others like this.
  3. eTox
    Offline

    eTox Toxic WASTE Read Millionaire Fastlane Speedway Pass

    Messages:
    298
    Likes Received:
    411
    Joined:
    May 21, 2016
    Gender:
    Male
    Location:
    Toronto
    Rep Bank:
    $1,094
    Very inspiring!

    If you do not mind sharing the answers to few questions:
    • When you started your first shopify store, did you start with one product and gradually add more? Did you continue in the same niche you chose at the beginning or did you have to move around?
    • Do you still handle packaging and shipment yourself or have you outsourced it to fullfillment centers to take care of it for you? If so, how soon did it happen and are there any lessons you would like to share?
    Thank you :)
     
  4. Sean Haddad
    Offline

    Sean Haddad Contributor Speedway Pass

    Messages:
    32
    Likes Received:
    39
    Joined:
    Jun 8, 2016
    Gender:
    Male
    Rep Bank:
    $226
    Great post bro. Wish you the best. I agree with all your imparted wisdom. Rep'd.
     
  5. JDx
    Offline

    JDx Bronze Contributor Read Millionaire Fastlane Speedway Pass

    Messages:
    157
    Likes Received:
    344
    Joined:
    May 11, 2016
    Location:
    Amsterdam
    Rep Bank:
    $1,521
    That's amazing. Congratulations and well done.
    I can't imagine the feeling looking at your monthly sales results like that, what a feeling that must be.


    So what do you se.... just kidding

    A serious question though;
    How did you discover the need for your products?

    At what moment did you apply copywriting for your products?

    Thank you
     
  6. nmalcolm92
    Offline

    nmalcolm92 Bronze Contributor Read Millionaire Fastlane Speedway Pass

    Messages:
    72
    Likes Received:
    198
    Joined:
    Apr 20, 2015
    Gender:
    Male
    Location:
    Edmonton, Alberta
    Rep Bank:
    $1,019
    Amazing dude!
    For someone who is interested in getting into the eCommerce industy, which books and ideas made the biggest impact for you?
     
    ZF Lee, Deceiver, nichiseven and 4 others like this.
  7. Fox
    Online

    Fox Moderator Staff Member Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR

    Messages:
    1,656
    Likes Received:
    11,809
    Joined:
    Aug 19, 2015
    Gender:
    Male
    Location:
    Mexico
    Rep Bank:
    $71,777
    Amazing post. Thanks for sharing this. You came out of the gate quite strong - how did you prepare pre launch.

    You mention education and learning, what people and resources do you recommend that have helped you? Great thread. Rep on the way
     
  8. jasoncuellar123
    Offline

    jasoncuellar123 I’m probably awake. Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

    Messages:
    1,836
    Likes Received:
    3,340
    Joined:
    Jul 20, 2015
    Gender:
    Male
    Location:
    Austin, Texas
    Rep Bank:
    $13,429
  9. Sanj Modha
    Offline

    Sanj Modha Gold Contributor Speedway Pass

    Messages:
    612
    Likes Received:
    1,853
    Joined:
    Feb 16, 2016
    Gender:
    Male
    Rep Bank:
    $13,404
    I launched my first store with about 50 products but I was only driving ads to around 4 and upselling the others. I sell generic items on the main store. 2 are niches.

    I don't handle anything. I have dropshippers and wholesalers who do it for me.
     
    SMH, JapaGirl, sokoine and 16 others like this.
  10. Sanj Modha
    Offline

    Sanj Modha Gold Contributor Speedway Pass

    Messages:
    612
    Likes Received:
    1,853
    Joined:
    Feb 16, 2016
    Gender:
    Male
    Rep Bank:
    $13,404
    I did some research on trends and what people talk about. You can do the same with Google Trends, forums, Reddit etc.

    I don't bother with copywriting product pages. The visitor is on the site and interested. You need to close the sale by making them trust you. Ad copy is important on the ad itself.
     
    JapaGirl, sokoine, Striver and 22 others like this.
  11. Sanj Modha
    Offline

    Sanj Modha Gold Contributor Speedway Pass

    Messages:
    612
    Likes Received:
    1,853
    Joined:
    Feb 16, 2016
    Gender:
    Male
    Rep Bank:
    $13,404
    I just jumped into it and started. Books like 4 Hour Work Week, Think & Grow Rich have been influential to me too.
     
  12. Sanj Modha
    Offline

    Sanj Modha Gold Contributor Speedway Pass

    Messages:
    612
    Likes Received:
    1,853
    Joined:
    Feb 16, 2016
    Gender:
    Male
    Rep Bank:
    $13,404
    The Shopify blog is very useful. There are some really smart cookies here as well. Just test, test, test. There is no secret.
     
    SMH, JapaGirl, Striver and 15 others like this.
  13. JohnZ123
    Offline

    JohnZ123 Bronze Contributor Speedway Pass

    Messages:
    87
    Likes Received:
    140
    Joined:
    Jan 23, 2014
    Gender:
    Male
    Rep Bank:
    $888
    How much did you initially invest into your stores when you bought wholesale? My budget is not very high
     
    kristyblair, amanteai and Sanj Modha like this.
  14. Fox
    Online

    Fox Moderator Staff Member Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR

    Messages:
    1,656
    Likes Received:
    11,809
    Joined:
    Aug 19, 2015
    Gender:
    Male
    Location:
    Mexico
    Rep Bank:
    $71,777
    I am realizing more and more that very little of the specifics really matter. Not that I am not grateful for your answers! Every product, business and path has too many variables to just copy someones formula. I think its all down to mindset, belief and process. Again - great results and thanks for sharing. I like just knowing that people can do this and that others on here are succeeding.
     
  15. Phones
    Offline

    Phones Break your boundaries Read Millionaire Fastlane FASTLANE INSIDER Speedway Pass Summit Attendee

    Messages:
    606
    Likes Received:
    1,196
    Joined:
    Aug 13, 2011
    Gender:
    Male
    Location:
    Lisbon, Portugal
    Rep Bank:
    $5,477
    Great thread @Sanj Modha , can specially relate to the diversification of traffic. Wonder what kind of funnel and ads you have set up, straight product ads or content marketing? Tailored landing pages, or product pages?

    Ive spent a great amount of time perfecting my product, now I need to uppen my ecom/ads game, would appreciate the help :)

    Cheers
     
    Paul Thomas and Sanj Modha like this.
  16. theag
    Offline

    theag Most Aggressive Guy on the Internet on the Planet Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR

    Messages:
    3,682
    Likes Received:
    10,172
    Joined:
    Jan 19, 2012
    Gender:
    Male
    Rep Bank:
    $50,463
    Thread title is misleading (has become usual on here sadly..). Expected Shopify specifics and then stopped reading when I realized its just generic success tips..

    200k profit is nice though!
     
    northernMMA, Merlox, Roz and 10 others like this.
  17. Sanj Modha
    Offline

    Sanj Modha Gold Contributor Speedway Pass

    Messages:
    612
    Likes Received:
    1,853
    Joined:
    Feb 16, 2016
    Gender:
    Male
    Rep Bank:
    $13,404
    Shopify is just a platform. This post could be about Magento, Woocommerce etc. That's not important. What's important is the processes and the knowledge you apply.
     
  18. Sanj Modha
    Offline

    Sanj Modha Gold Contributor Speedway Pass

    Messages:
    612
    Likes Received:
    1,853
    Joined:
    Feb 16, 2016
    Gender:
    Male
    Rep Bank:
    $13,404
    I sell direct from FB or Adwords. I don't have time for content marketing.
     
    SMH, FMJJ, LeoistheSun and 10 others like this.
  19. Sanj Modha
    Offline

    Sanj Modha Gold Contributor Speedway Pass

    Messages:
    612
    Likes Received:
    1,853
    Joined:
    Feb 16, 2016
    Gender:
    Male
    Rep Bank:
    $13,404
    I wouldn't start wholesale to begin. It's much higher risk so go down the dropship route. Make sure you order samples, and speak to the supplier. I buy and sell from the US so my risks are much lower.
     
    JapaGirl, FMJJ, LeoistheSun and 4 others like this.
  20. MakeMoreMoves
    Offline

    MakeMoreMoves Bronze Contributor Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

    Messages:
    366
    Likes Received:
    300
    Joined:
    May 19, 2015
    Gender:
    Male
    Rep Bank:
    $1,658
    People still do dropshipping? I thought customers get mad at the slow shipping times.
     
  21. Sanj Modha
    Offline

    Sanj Modha Gold Contributor Speedway Pass

    Messages:
    612
    Likes Received:
    1,853
    Joined:
    Feb 16, 2016
    Gender:
    Male
    Rep Bank:
    $13,404
    Not at all. I can dropship most of my items in 3 biz days or less. That's tracked too. In my experience, customer tolerance levels for shipping maxes out at 7 days. Anything longer and you get chaser emails.
     
    Merlox, Xolorr, JapaGirl and 8 others like this.
  22. Sanj Modha
    Offline

    Sanj Modha Gold Contributor Speedway Pass

    Messages:
    612
    Likes Received:
    1,853
    Joined:
    Feb 16, 2016
    Gender:
    Male
    Rep Bank:
    $13,404
    The number #1 post on FLF now! Thanks to everyone for responding. Keep posting questions and I'll answer when I can.
     

    Attached Files:

  23. Supa
    Offline

    Supa Came for the $. Stayed for the Ice Cream. Read Millionaire Fastlane Speedway Pass

    Messages:
    838
    Likes Received:
    2,369
    Joined:
    May 27, 2015
    Gender:
    Male
    Location:
    Germany
    Rep Bank:
    $8,692
    Awesome post, thanks for sharing!

    Definitely understand what you mean here. What I think most people on here mean, when they say you should create value first, is not to give away things for free. It is to create something of value and sell that.

    You're right, you don't make money without selling something, but before you can make money you have to create a product that's valuable to people, first.

    Could be wrong, but that's what "create value first" means to me: create something of value and sell that.
     
    Roz, SMH, WorkingOnIt and 5 others like this.
  24. Andy Black
    Online

    Andy Black Any colour, as long as it's red. Staff Member Read Millionaire Fastlane FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR

    Messages:
    6,995
    Likes Received:
    29,394
    Joined:
    May 20, 2014
    Gender:
    Male
    Location:
    Ireland
    Rep Bank:
    $164,200
    Ditto.



    They search: plumber dublin


    Ad says: Dublin Plumber



    Landing page says:

    Looking for a plumber in Dublin?

    Bullet 1
    Bullet 2
    Bullet 3

    Tap to Call
     
    Roz, Merlox, Dana and 23 others like this.
  25. Sanj Modha
    Offline

    Sanj Modha Gold Contributor Speedway Pass

    Messages:
    612
    Likes Received:
    1,853
    Joined:
    Feb 16, 2016
    Gender:
    Male
    Rep Bank:
    $13,404
    That's EXACTLY it. Once a visitor clicks on the ad - you need to CLOSE the sale. Ad copy is about getting visitors to click in the first place.
     
    Dana, SMH, Striver and 16 others like this.

Join 1000s of entrepreneurs who are rewriting life's script and winning financial freedom.

---- ----

You must be a member to join the conversation.

Create Account

Join the community fast and easy!

REGISTER

Log In

Already have an account? Login here.

LOG IN

Share This Page