As many of you know I recently launched my ecommerce store. I am currently working on improving the site based on the many great suggestions from the members here and from customers that I have met. As I am improving the site, my mind jumps to "what's next", and invariably the topic of advertising my newly improved site comes to mind often. So, for those experienced entrepreneurs out there, if you had $10,000 to promote and advertise an ecommerce store, what would you do and how would you do it?
p.s. - I was able to confirm how much one of my competitors spent on advertising per month. To achieve around $350,000 in sales/year ($120,000 in net profit), they advertise between $2000-5000 per month. I feel that my site is already superior to their site, and I carry many of the same brand names, so I feel that their sales are certainly within the realm of possibility.
p.s.s. - I live in Washington, DC, so there is a large amount of population density and a captive audience since many people work for the federal government in a security or safety-related field, and many people still vividly remember living here during 9/11
p.s. - I was able to confirm how much one of my competitors spent on advertising per month. To achieve around $350,000 in sales/year ($120,000 in net profit), they advertise between $2000-5000 per month. I feel that my site is already superior to their site, and I carry many of the same brand names, so I feel that their sales are certainly within the realm of possibility.
p.s.s. - I live in Washington, DC, so there is a large amount of population density and a captive audience since many people work for the federal government in a security or safety-related field, and many people still vividly remember living here during 9/11
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Access Restricted: Unlock 1,000,000+ Posts
Stop Peeking Through the Keyhole.
Open the Door.
You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.
- Active Daily: Life-changing content posted dozens of times every day. No dead threads.
- MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
- Vetted Network: Connect with founders scaling to 7 and 8 figures.
- Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."— User Richard Peck
"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?
)
