About Me:
I'm 19 years old from Sweden, I've been "studying" entrepreneurship for the past year, although I never took action. My focus was always on the forex market where I've managed to do OK.
My real inner fire started this summer when I was working construction, listening to.. you guessed it, "the millionaire fastlane ".
I had an open job offer to start working construction full-time in another city, everyone was telling me it was the right thing to do but it just didn't feel right, after reading a certain book I decided to say No. I took a shitty part-time job working weekends so that I could focus on doing real work.
My First Store
That brings me to about a month ago when I started my first dropshipping store, I had decided to sell watches with the free + shipping method (I know..). This was my first mistake,
2. I don't care about watches
3. Instead of looking at the numbers I went with my ego, thinking I was creating the next "Daniel Wellington"
4. I was dropshipping a watch that cost me $4.05 for a shipping fee of $6.99, yup an amazing $2.94 profit, or wait? do I actually have to pay for Facebook ads? by the time I had learned how Facebook ads worked I was already $800 in the dark from just throwing money into the fire, thinking a Lamborghini would suddenly appear out of luck.
Essentially my margins where horrible/nonexistent and I didn't even know what the back-end was..
After 3 weeks of trying to save my store I decided it was time to say farewell. I have learned a lot filling almost 2 notebooks and even though this project failed miserably I'm not giving up.
The past 3 weeks have been the most productive weeks of my life, I've risen at 7.30 am, working from 8am untill i fall asleep pretty much (except for 2ish hours for food and gym).
I don't think I will be doing another shopify store next, my focus will be on creating an affiliate site without any payed traffic. I believe I've found a good niche that has room for some major scaling altough further research is required. One of the things i've learned from these 3 weeks of trying to save my store is how important the back-end is, which is why it will be my main focus for this project.
My goals for the next week will be;
Sorry if the text is unreadable I am in fact, very Swedish..
I'm 19 years old from Sweden, I've been "studying" entrepreneurship for the past year, although I never took action. My focus was always on the forex market where I've managed to do OK.
My real inner fire started this summer when I was working construction, listening to.. you guessed it, "the millionaire fastlane ".
I had an open job offer to start working construction full-time in another city, everyone was telling me it was the right thing to do but it just didn't feel right, after reading a certain book I decided to say No. I took a shitty part-time job working weekends so that I could focus on doing real work.
My First Store
That brings me to about a month ago when I started my first dropshipping store, I had decided to sell watches with the free + shipping method (I know..). This was my first mistake,
2. I don't care about watches
3. Instead of looking at the numbers I went with my ego, thinking I was creating the next "Daniel Wellington"
4. I was dropshipping a watch that cost me $4.05 for a shipping fee of $6.99, yup an amazing $2.94 profit, or wait? do I actually have to pay for Facebook ads? by the time I had learned how Facebook ads worked I was already $800 in the dark from just throwing money into the fire, thinking a Lamborghini would suddenly appear out of luck.
Essentially my margins where horrible/nonexistent and I didn't even know what the back-end was..
After 3 weeks of trying to save my store I decided it was time to say farewell. I have learned a lot filling almost 2 notebooks and even though this project failed miserably I'm not giving up.
The past 3 weeks have been the most productive weeks of my life, I've risen at 7.30 am, working from 8am untill i fall asleep pretty much (except for 2ish hours for food and gym).
I don't think I will be doing another shopify store next, my focus will be on creating an affiliate site without any payed traffic. I believe I've found a good niche that has room for some major scaling altough further research is required. One of the things i've learned from these 3 weeks of trying to save my store is how important the back-end is, which is why it will be my main focus for this project.
My goals for the next week will be;
- finding a good place to outsource article writing
- researching back links/SEO
- growing instagram account for niche (currently at 1873 followers)
- getting the site up, along with 3 articles
- deciding which digital affiliate course to promote and which physical products
- (personal goal) keep on learning java script
- keeping this thread going
Sorry if the text is unreadable I am in fact, very Swedish..
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