I start my idea today (eCommerce + POD)

[OverByte]

<div class="bbWrapper">It&#039;s impressive you have 20k subs on your list. Is there a particular offer or strategy you are using to build the list or are these just people trickling in after viewing your ads?</div>

 

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[Overlander]

<div class="bbWrapper">Any updates? Looking forward to hearing how you&#039;re doing with this now.</div>

 

[Jeannen]

<div class="bbWrapper"><blockquote data-attributes="member: 23543" data-quote="OverByte" data-source="post: 895845" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=895845" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-895845">OverByte said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> It&#039;s impressive you have 20k subs on your list. Is there a particular offer or strategy you are using to build the list or are these just people trickling in after viewing your ads? </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote>Yes, I use a special offer to catch their interest</div>

 

[Jeannen]

<div class="bbWrapper"><blockquote data-attributes="member: 39928" data-quote="Overlander" data-source="post: 907779" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=907779" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-907779">Overlander said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> Any updates? Looking forward to hearing how you&#039;re doing with this now. </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote>Made more than $200k SALES, but profit has gone to shit. I&#039;m not working a lot on it, to be honest, I&#039;ve become a lazy potato, and I spend most of my time doing stupid stuff like playing video games, I have 0 motivation haha<br /> <br /> Pretty sure I could have done much more if I worked on it tho</div>

 

[Jeannen]

<div class="bbWrapper"><b>06/04/2021</b><br /> <br /> I haven&#039;t made an update for a long time. The store is still running, still making sales everyday ($400-500) and still getting people on the email list.<br /> <br /> I&#039;ve been busy with lots of shit and haven&#039;t paid much attention, but luckily I had an assistant running it for me.<br /> <br /> Long story short, I fired him because I wasn&#039;t happy with his work (customer service + logistic management) and hired a new one who is amazing.<br /> I want to train her for a Store Manager position, where she&#039;ll be able to grow the store by herself. That will allows me to work ON the business and not IN the business.<br /> <br /> I&#039;ve made over 30+ documents detailing every task in the store.<br /> <br /> For now, I have more than 40k subs on my list, and I REALLY need to start using it properly. I paid an agency <b>$3k/month,</b> which basically destroyed all the profit I made last year. They were sending spammy emails, their automated flows performed WORST than mine, but that&#039;s my fault, I was lazy and didn&#039;t control anything.<br /> <br /> I won&#039;t do the same mistake again. No agency, this time I&#039;ll train one of my assistants to do it.<br /> <br /> Main focus right now:<br /> <ul> <li data-xf-list-type="ul">Delegate as many tasks as possible</li> <li data-xf-list-type="ul">Improving the customers service (already done with my assistant)</li> <li data-xf-list-type="ul">Working on the &quot;community&quot; part (sharing user-generated content on social media, etc...)</li> <li data-xf-list-type="ul">Adding new products</li> <li data-xf-list-type="ul"></li> </ul>Lots of work, but the better it is, the more I could sell the store for later. I&#039;m trying to build a great investment for someone looking to make passive / half-passive income, but for now, this means increasing customer loyalty.<br /> <br /> <br /> <b>P.S.</b> Wow, this thread is almost one year old !</div>

 

[Jeannen]

<div class="bbWrapper"><b>30/04/2021</b><br /> <br /> I moved to Bali this month, with jetlag, client work and stuff, I didn&#039;t had the time to post.<br /> <br /> I had too much clients so I had to let one go last week, which will free me time. It was a very busy and stressful month tbh, between moving to a new location I know nothing about, managing the shitstorm of work i had with my client and everything, I&#039;m glad it&#039;s now almost behind me. My time basically didn&#039;t belong to me anymore.<br /> <br /> On the positive side, with all my agency work I&#039;ll make around 10 000€ of revenue (100% profit) this month I think, maybe a bit more with everything I did. I might hire a 3rd assistant to help me on the store.<br /> <br /> <b>I&#039;m making processes for EVERYTHING</b>. Whenever my VA has a question that isn&#039;t in the process --&gt; I update the process. I want my VA to do something for me --&gt; I update the process. I have hundreds of pages on how to run the store. The best is that it&#039;s duplicate-able. Once everything will be stable, I&#039;ll open new stores following this same process.<br /> <br /> If I want to reach $5k of profit per month, I need to sell 28 products per day with a $6 margin. That&#039;s do-able.<br /> <br /> I also created a complaint Blackbook to group all the suggestions &amp; complaints from customers to improve the store.<br /> <br /> I trained my VA to write content and asked to make a newsletter, and bam, $1000 of sales for &quot;free&quot;.<br /> <br /> For this store, the 2 money-making actions are:<br /> <ul> <li data-xf-list-type="ul">Sending emails newsletters</li> <li data-xf-list-type="ul">Testing new products and making ads</li> </ul>Those are the 2 things I need to focus on to make profit with this store. The newsletter process is almost finished, and I paid a copywriting course for my VA, so she&#039;ll be able to write killer emails.<br /> <br /> For the new products, still working on it, but I don&#039;t have enough time to do everything.<br /> <br /> <br /> This post is a bit unorganized but I don&#039;t have lots of time, I just wanted to post an update.<br /> <br /> In my new place, I have people doing all chores (cleaning...) for me, so I waste 0 time on that shit, it&#039;s an amazing time-</div>

 

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[Kid]

<div class="bbWrapper"><blockquote data-attributes="member: 79323" data-quote="Jeannen" data-source="post: 940688" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=940688" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-940688">Jeannen said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> Bali </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote>Bali? Effin cool!<br /> <br /> Happy for ya!</div>

 

[Jeannen]

<div class="bbWrapper"><blockquote data-attributes="member: 38382" data-quote="Kid" data-source="post: 940812" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=940812" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-940812">Kid said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> Bali? Effin cool!<br /> <br /> Happy for ya! </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote>Hehe, thanks !<br /> <br /> I wrote that on my vision plan approx 1 year ago (same time as starting this post). Vision is really important. I picture myself being here almost everyday back then. Of course, it&#039;s my work that managed to &quot;send&quot; me here, but without the vision, I&#039;ll likely not be where I am today (even if it&#039;s not really that much to be honest)</div>

 

[Jeannen]

<div class="bbWrapper"><b>03/05/2021</b><br /> <br /> I added a new product to the website and sent a newsletter to my list, and I woke up this morning with this. I&#039;ll try ads for this product soon to see how it goes.<br /> <br /> <a href="https://www.thefastlaneforum.com/community/attachments/1620004203079-webp.37846/" target="_blank"><img src="https://www.thefastlaneforum.com/community/data/attachments/34/34476-6bc786a9e0e76a9a6aeb55d60d1d8818.jpg?hash=CUgajSumC1" class="bbImage " style="" alt="1620004203079.png" title="1620004203079.png" width="219" height="200" loading="lazy" /></a><br /> <br /> I need to go fast, so rn I&#039;m trying to source the product through my agent, and when it&#039;s done I&#039;ll ask him to ship samples to my VA. I might buy her a good phone with the profit I made so she can take HD pics of the product and make new creatives for it.<br /> <br /> Side note: I already ordered the product in the past and it was good quality, I wouldn&#039;t have sent an email to my list otherwise.</div>

 

[Jeannen]

<div class="bbWrapper"><b>07/05/2021</b><br /> <br /> I updated my store with a new theme and sales went to shit since then. Really disappointed, I wanted to work on my store&#039;s branding, but it seems like it wasn&#039;t a good idea.<br /> Only made $400 of sales, which is really shitty considering I was making $700-$800 before. The thing is that I changed too many variables at the same time, so I don&#039;t know if it&#039;s just Facebook doing shit or the website being shit.<br /> <br /> I&#039;ll let it run for a few days to see how it&#039;s going and after that, I&#039;ll go back to my one theme if nothing changes.<br /> <br /> In the meantime, I might have found an idea for a business, but I would need a dev. Reading stuff on how to hire a dev right now, I&#039;m pretty sure it could work well.</div>

 

[Kid]

<div class="bbWrapper"><blockquote data-attributes="member: 79323" data-quote="Jeannen" data-source="post: 941852" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=941852" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-941852">Jeannen said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> The thing is that I changed too many variables at the same time, </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote>That is always tempting and always a major PITA afterwards.</div>

 

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[Jeannen]

<div class="bbWrapper"><blockquote data-attributes="member: 38382" data-quote="Kid" data-source="post: 941862" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=941862" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-941862">Kid said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> That is always tempting and always a major PITA afterwards. </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote>Yup, lesson learned lol</div>

 

[Stefan_durina]

<div class="bbWrapper"><blockquote data-attributes="member: 79323" data-quote="Jeannen" data-source="post: 940862" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=940862" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-940862">Jeannen said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> Hehe, thanks !<br /> <br /> I wrote that on my vision plan approx 1 year ago (same time as starting this post). Vision is really important. I picture myself being here almost everyday back then. Of course, it&#039;s my work that managed to &quot;send&quot; me here, but without the vision, I&#039;ll likely not be where I am today (even if it&#039;s not really that much to be honest) </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote>Are you interested in an e-commerce meetup in Canggu Bali?</div>

 

[Jeannen]

<div class="bbWrapper"><blockquote data-attributes="member: 95590" data-quote="Stefan_durina" data-source="post: 945916" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=945916" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-945916">Stefan_durina said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> Are you interested in an e-commerce meetup in Canggu Bali? </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote>Hey !<br /> Haven&#039;t seen the reply, but yeah could be fun !</div>

 

[Jeannen]

<div class="bbWrapper"><b>19/06/2021</b><br /> <br /> Haven&#039;t updated for a long time, damn<br /> <br /> I&#039;m trying to get consistently new products added to the first website. So far, I&#039;m around $1k of sales per day, and it seems like I&#039;m finally making some profit, woosh !<br /> <br /> On the side, I noticed an interesting product that I could create a brand around. I got the idea 3 days ago, first day was market research, yesterday I made the website &amp; brand kit (logo, colors...), and today I&#039;m focusing on creating content for social medias.<br /> <br /> Here is the plan:<br /> I have around 1500€ to invest on this new project. I&#039;ll try to run ads and see how it goes<br /> If I see some traction, good, if not, too bad, I&#039;ll go for something else<br /> <br /> If I see regular sales, I&#039;ll quickly buy inventory and customize/improve the product to create a real brand around it.</div>

 

[Jeannen]

<div class="bbWrapper"><b>24/06/2021</b><br /> <br /> Those last weeks have been intense. I worked around 100h/week for more than a month now without any result. I&#039;m starting to get exhausted, to be honest.<br /> <br /> I really want to reach the next step in my journey. I tested lots of products, without much success tho.<br /> I&#039;m trying a different strategy this time, but I&#039;m not sure it will work either.<br /> <br /> If it doesn&#039;t, I&#039;ll probably take a small break. On the other hand, taking a break will waste even more time.</div>

 

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[Jeannen]

<div class="bbWrapper"><b>03/07/2021<br /> <br /> $1000 MISTAKE</b><br /> <br /> I was bored yesterday, so I sent a newsletter to my list featuring a new product.<br /> Long story short, I didn&#039;t set up properly the shipping rates and made twice less money than I could have (around $1000).<br /> <br /> Hopefully, I only sent it to 30% of my list before realizing it, so, issue fixed for the 70%, hopefully I&#039;ll get great results.<br /> <br /> Other than this, I learned to make video editing on Adobe Premiere Pro. Took me the afternoon, but I now have a pretty cool creative I&#039;m going to test on Facebook.<br /> Launched some ads and stuff, will see how it goes.<br /> <br /> I reached 6 figs of sales since January, but I almost made 0 profit from it because I reinvested everything in ads etc...</div>

 

[Jeannen]

<div class="bbWrapper">05/07/2021<br /> <a href="https://www.thefastlaneforum.com/community/attachments/1625489726764-webp.38751/" target="_blank"><img src="https://www.thefastlaneforum.com/community/data/attachments/35/35381-33b852c2ae3e63f5c3b67b8e95d90c55.jpg?hash=gnyVqgIsvd" class="bbImage " style="" alt="1625489726764.webp" title="1625489726764.webp" width="215" height="200" loading="lazy" /></a><br /> <br /> I&#039;m going to try totally new products now, with way better margin, to see how it goes.<br /> I have samples coming (really hard since I&#039;m in Indonesia, and #1 reason I&#039;ll move out soon) and I&#039;m contacting 3PL to see if I can get better shipping rates. I was kinda always afraid of buying inventory, but it&#039;s not THAT expensive.<br /> <br /> Apparently, shorter shipping time can increase conversion rate by 20-40% according to a study.<br /> <br /> So, all my focus right now is in setting up a proper testing strategy and find something that works, then try to make a brand out of it asap by creating cool content.<br /> <br /> I started testing some of the F+S products at full price ($20) and got pretty good results on FB for some of them, so, that&#039;s a good sign !<br /> <br /> I&#039;m slowly trying to switch my promotions toward full-priced offers. If I can manage that, that would allows me to get 3PL logistics with way faster shipping time for those products, thus increasing the conversion rate.</div>

 

[Hassassin]

<div class="bbWrapper"><blockquote data-attributes="member: 79323" data-quote="Jeannen" data-source="post: 950799" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=950799" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-950799">Jeannen said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> 05/07/2021<br /> <a href="https://www.thefastlaneforum.com/community/attachments/38751/" target="_blank">View attachment 38751</a><br /> <br /> I&#039;m going to try totally new products now, with way better margin, to see how it goes.<br /> I have samples coming (really hard since I&#039;m in Indonesia, and #1 reason I&#039;ll move out soon) and I&#039;m contacting 3PL to see if I can get better shipping rates. I was kinda always afraid of buying inventory, but it&#039;s not THAT expensive.<br /> <br /> Apparently, shorter shipping time can increase conversion rate by 20-40% according to a study.<br /> <br /> So, all my focus right now is in setting up a proper testing strategy and find something that works, then try to make a brand out of it asap by creating cool content.<br /> <br /> I started testing some of the F+S products at full price ($20) and got pretty good results on FB for some of them, so, that&#039;s a good sign !<br /> <br /> I&#039;m slowly trying to switch my promotions toward full-priced offers. If I can manage that, that would allows me to get 3PL logistics with way faster shipping time for those products, thus increasing the conversion rate. </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote>Keep going <a href="https://www.thefastlaneforum.com/community/members/79323/" class="username" data-xf-init="member-tooltip" data-user-id="79323" data-username="@Jeannen">@Jeannen</a>. Read through a few of your threads and you&#039;ve endured a real &quot;process&quot; for sure. Currently researching an e-commerce product myself so definitely interested in your journey!</div>

 

[Jeannen]

<div class="bbWrapper"><blockquote data-attributes="member: 12465" data-quote="Hassan" data-source="post: 950808" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=950808" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-950808">Hassan said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> Keep going <a href="https://www.thefastlaneforum.com/community/members/79323/" class="username" data-xf-init="member-tooltip" data-user-id="79323" data-username="@Jeannen">@Jeannen</a>. Read through a few of your threads and you&#039;ve endured a real &quot;process&quot; for sure. Currently researching an e-commerce product myself so definitely interested in your journey! </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote>Yeah, been a long road, but I still feel like I&#039;m stuck in the mud<br /> <br /> I&#039;m currently looking at making my own products (created another thread on that), but it will take some time to get started on this. In the meantime, I&#039;ll test other products via dropshipping to see if there is traction, and then switch to branding asap</div>

 

[Jeannen]

<div class="bbWrapper"><b>07/02/2021</b><br /> <br /> I contacted logistic centers in China &amp; US to get quotes. US shipping is cheaper than what I expected, but with my shitty margins, it will be too much for my F+S offer.<br /> <br /> <b>So, here is the potential plan: </b><br /> - I send my most $ products ($40) in a shipping center with a fast delivery time (up to 2-5 days)<br /> - If I&#039;m right, that should increase the conversion rate of the product and &quot;counterbalance&quot; the profit lost. I&#039;d say I&#039;ll loose around $2-3 profit per order due to increased shipping costs.<br /> - I can measure the result of this experiment by measuring the value per visitor on my website (sales/visits for a specific product)<br /> <br /> This survey is what makes me think this could improve the conversion rate:<br /> <br /> <a href="https://www.thefastlaneforum.com/community/attachments/1625633419623-webp.38769/" target="_blank"><img src="https://www.thefastlaneforum.com/community/data/attachments/35/35399-d159695940311207a307797c490d539e.jpg?hash=YGLHDIyEMF" class="bbImage " style="" alt="1625633419623.webp" title="1625633419623.webp" width="200" height="213" loading="lazy" /></a><br /> <br /> Now, the thing is that since I&#039;m using an aliexpress agent for my products right now, I pay wah more than if I&#039;d buy in bulk, meaning that I can counterbalance the $2-3 profit loss (Ex: product costs $1.8, I could get it for $0.5)</div>

 

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[Jeannen]

<div class="bbWrapper"><b>08/07/2021: A decisive step</b><br /> <br /> I&#039;m currently negotiating with a shipping center, their rates are higher than my current agent, BUT, if I buy the product in bulk, it will cost me way less than what I pay with my agent rn.<br /> So, to keep it stupidsimple:<br /> Shipping costs would go up, but product costs would go down. For people ordering only one product, I would actually lose $0.3, but if they order more, I&#039;ll earn $0.70 more.<br /> <br /> Coupled with the faster shipping rate and better packaging, that MIGHT improve my revenue per visitor.<br /> <br /> Speaking of packaging, I&#039;m trying to lower the cost of my current packaging for the Free + Shipping offer.<br /> Overall, I&#039;ll try to reduce this offer as much as possible to focus on full-price ones. My goal is to create an experience instead of just sending products.<br /> <br /> That will either make or break the business, as there is no coming back once I start using them and investing in inventory. <br /> That also means that I&#039;ll have full control over the product and shipping (I had lots of issues because of that)</div>

 

[Jeannen]

<div class="bbWrapper"><b>13/07/2021</b><br /> <br /> That&#039;s it, I just placed my first order ever on Alibaba !<br /> It&#039;s being shipped to my partner warehouse in Shenzhen that will manage it from there.<br /> <br /> Hopefully, that will increase my shipping time. a new world of possibilities is now open to me ! Next step: Custom packaging to create a memorable experience for my customers</div>

 

[Jeannen]

<div class="bbWrapper"><b>14/07/2021</b><br /> I spend the last few days thinking and writing ideas about my brand.<br /> <br /> <br /> Here is how I&#039;m improving my offer to create a memorable experience:<br /> <ul> <li data-xf-list-type="ul">3 tiers of packaging depending on the order<ul> <li data-xf-list-type="ul">F+S offer: Very simple packaging</li> <li data-xf-list-type="ul">Full price order: Normal packaging</li> <li data-xf-list-type="ul">Special orders: Premium gift box with bonus merch like stickers etc...</li> </ul></li> <li data-xf-list-type="ul">Improved messaging by adding a card that will make them feel like &quot;it&#039;s their very own&quot; (can&#039;t give more details).</li> <li data-xf-list-type="ul">Total rebranding to update to new values and make the brand more unique and distinguishable (I spent lots of energy on this, hopefully, that won&#039;t be a total flop)</li> <li data-xf-list-type="ul">A subscription model to ship new products to customers every month. (Hopefully, will increase my Lifetime value)</li> </ul>And many other things. I&#039;m very excited to set up all of this. <br /> <br /> <b>Upcoming issues:</b> Taxes, Facebook compliance (changing domain name is not allowed), SEO loss, non-approval of my current customer&#039;s database.<br /> <br /> Side note:<br /> Also, I bought an iPhone to make high-quality pictures and an iPad to write down notes (I&#039;m nomad so I don&#039;t have a whiteboard), and I have to admit that Apple is king to create user experience, got lots of inspiration from them.</div>

 

[Jeannen]

<div class="bbWrapper"><b>31/07/2021</b><br /> <br /> At this stage, I&#039;m a monk. Have been out of my home only once in the last 3 weeks lol<br /> <br /> A quick recap of what happened with my business:<br /> <ul> <li data-xf-list-type="ul">Found a 3PL center</li> <li data-xf-list-type="ul">Learned the basics of importing stuff and buying from China</li> <li data-xf-list-type="ul">Started ordering inventory</li> <li data-xf-list-type="ul">Got F*cked by a supplier (but I was expecting this in my margin of error, I have backups)</li> <li data-xf-list-type="ul">Designed and ordered packaging</li> <li data-xf-list-type="ul">Hired a designer to make me a $200 logo that matches the brand perfectly (I never thought I&#039;d do this lol)</li> <li data-xf-list-type="ul">Changed my brand name</li> <li data-xf-list-type="ul">Hired a new assistant to make content on Instagram &amp; run split-test on the website</li> <li data-xf-list-type="ul">Learned video editing to make good creatives</li> <li data-xf-list-type="ul">Got an official partnership with a partner, that will allow me to make exclusive offers (can&#039;t say more)</li> <li data-xf-list-type="ul">Made a full social media content strategy</li> <li data-xf-list-type="ul">Made a full influencer marketing strategy</li> <li data-xf-list-type="ul">Planned a shitton of stuff (I have 30 projects to develop my brand)</li> </ul>Damnit, that&#039;s extremely intense (I&#039;m working from 7:30 to 22:00 every day) but I love it, I&#039;m learning so much !!<br /> <br /> Can&#039;t wait to see how it will go.</div>

 

[Jeannen]

<div class="bbWrapper"><b>04/08/2021</b><br /> <br /> Reached $400 000 of sales in one year since I started the store, which is pretty good. I’d say the overall profit, if I remove the “mistakes spends” would be 10-15%<br /> <br /> I defined goals with my team, hopefully we’ll be able to reach them<br /> <br /> I feel slightly motivated tonight somehow, but that’s fine</div>

 

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[Pink Sheep]

<div class="bbWrapper"><blockquote data-attributes="member: 79323" data-quote="Jeannen" data-source="post: 957013" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=957013" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-957013">Jeannen said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> <b>04/08/2021</b><br /> <br /> Reached $400 000 of sales in one year since I started the store, which is pretty good. I’d say the overall profit, if I remove the “mistakes spends” would be 10-15%<br /> <br /> I defined goals with my team, hopefully we’ll be able to reach them<br /> <br /> I feel slightly motivated tonight somehow, but that’s fine </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote>You know how close you are to retirement right? <br /> <br /> If you don&#039;t F*ck around and set up your business to do realy amazing for one year, and make it survive without you, you can sell the business for a your revenue times 3,4,5 perhaps. 400kx3 is 1.2 million.</div>

 

[RicardoGrande]

<div class="bbWrapper">Bookmarked. <br /> <br /> I keep seeing people that have stepped up to the plate and who&#039;ve made swings at businesses say that you get hit by &quot;entreprenurial heroin&quot; at some point... and that that coupled with an FTE can just demolish any obstacles in your way. I know you stated you had beforehand knowledge of ecommerce, shipping, and FB ads at the start of the thread... but you just demolished the walls you kept running into.<br /> <br /> I popped into this thread because someone bumped it, and I saw &quot;Oh he&#039;s making 400k/yr now... that&#039;s impressive&quot;, but then I checked out your first post...<br /> Then the next one...<br /> And the one after that...<br /> And that&#039;s how I binged your entire thread.<br /> You mentioned working up around 18 hours a day? I feel bad because I can only squeeze out 3-6 around my job... but that&#039;s just a bulls*** excuse, and I&#039;m happy you showed that so clearly. <br /> Cheers man, I hope everything works past your wildest dreams, and thanks for leaving crumbs for people that haven&#039;t had their first hit of that entreprenurial heroin.</div>

 

[Jeannen]

<div class="bbWrapper"><blockquote data-attributes="member: 67115" data-quote="Pink Sheep" data-source="post: 957016" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=957016" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-957016">Pink Sheep said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> You know how close you are to retirement right?<br /> <br /> If you don&#039;t f*ck around and set up your business to do realy amazing for one year, and make it survive without you, you can sell the business for a your revenue times 3,4,5 perhaps. 400kx3 is 1.2 million. </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote>Retirement sounds like hell to me, to be honest, haha, I really don&#039;t see me stop working. But yeah, if I do things properly I could definitely sell it to go on other businesses.<br /> <br /> But yeah, currently, here is my plan:<br /> <ul> <li data-xf-list-type="ul"><b>Step 1:</b> Make the business legit as F*ck &amp; gather cashflow by September</li> <li data-xf-list-type="ul"><b>Step 2: </b>Find a perfect product/market fit [20% margin] by testing a shitton of new offers.</li> <li data-xf-list-type="ul"><b>Step 3: </b>Create a content-creation machine &amp; hire A-players thanks to the cashflow [January 2022]</li> <li data-xf-list-type="ul"><b>Step 4:</b> Create an oppressive online presence for competitors by raising the cost per purchase &amp; buying most media space, influencers contracts, and other stuff like that</li> <li data-xf-list-type="ul"><b>Step 5:</b> ???</li> </ul>That will be really hard, but definitely doable.</div>

 

[Jeannen]

<div class="bbWrapper"><blockquote data-attributes="member: 94829" data-quote="RicardoGrande" data-source="post: 957125" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=957125" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-957125">RicardoGrande said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> Bookmarked.<br /> <br /> I keep seeing people that have stepped up to the plate and who&#039;ve made swings at businesses say that you get hit by &quot;entreprenurial heroin&quot; at some point... and that that coupled with an FTE can just demolish any obstacles in your way. I know you stated you had beforehand knowledge of ecommerce, shipping, and FB ads at the start of the thread... but you just demolished the walls you kept running into.<br /> <br /> I popped into this thread because someone bumped it, and I saw &quot;Oh he&#039;s making 400k/yr now... that&#039;s impressive&quot;, but then I checked out your first post...<br /> Then the next one...<br /> And the one after that...<br /> And that&#039;s how I binged your entire thread.<br /> You mentioned working up around 18 hours a day? I feel bad because I can only squeeze out 3-6 around my job... but that&#039;s just a bulls*** excuse, and I&#039;m happy you showed that so clearly.<br /> Cheers man, I hope everything works past your wildest dreams, and thanks for leaving crumbs for people that haven&#039;t had their first hit of that entreprenurial heroin. </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote>Haha, definitely agree more. Sometimes I try to take a break but I can&#039;t, I just want to grow my biz, and I&#039;m actually happy about that. I&#039;m currently in Bali, one of the most beautiful places on earth, and I only visited 2 stuff, 2 months ago lol<br /> <br /> And yeah, it&#039;s all about the process, step by step, $ by $<br /> I wasn&#039;t expecting anything from this store at the beginning honestly, but now, I know I will scale it to 7 fig/year<br /> <br /> As for 18 hours, it depends, I sleep on average 6h40, a few weeks ago I was going sleep --&gt; work --&gt; repeat non-stop, so I was definitely doing that, but I try to do some exercise in the morning now to not lose too much weight. <br /> Overall I&#039;d say at least 15h/day on average<br /> <br /> If you have limited time, I recommend you to have a very organized schedule. Sounds like typical blabla bullshit, but that&#039;s true lol. One of the best ways I&#039;ve recently found to plan your goals so far is this: whatmatters.com/get-started (you can also read the matching book &quot;Mesure what matters&quot; by John Doerr)<br /> <br /> If you couple this with daily tasks &amp; schedule, you should be able to make the most of your days.</div>