A bit more than half a year ago I came up with a simple product idea and have been working on it since. I got some samples about 4 months ago and they were quite popular, sold them pretty fast, so I decided to invest in it a bit and go for it. Last wednesday I got my bulk order here in Estonia and the same evening got the first sales as well. I'm happy that I sticked to it for all this time, not really knowing where it will lead me. I took a break from my construction job abroad (was so fed up with it too) and now I am finally back home and can work on my own project. Luckily my boss is a good friend so I will probably have work when I need it. This thread is long overdue but I didn't want to make it before something real was going on. My last execution thread died too quickly
From wednesday to sunday I sold 18 units, that's around 620€ in revenue (not profit). When I calculate all the expenses, including ad cost, the net profit per unit should be around 25€. I need to sell around 90-100 units to cover my first investment. I'm ignoring the crisis and I know that people have money just like they always do. My product is not an essential but still seem to press on some emotions and people are buying. Also I have found out that I am pretty good in customer service so that helps. When I got reviews for my last business, people always said how nice it was to communicate with me. I'm keeping it up this time too - no need to be an a**hole!
I'm taking orders only on FB right now, sending invoices manually, packing, shipping and doing all this stuff, so the next goal is to get a website up and running to automate it a bit. I will probably use Shopify. It's a bit scary but I know it will be next level for me! I also need to learn more about Instagram and other platforms to use.
I think I will have enough money in May to make a second order and slowly start to sell in Europe (maybe I will use my personal funds to make the process go faster) because the local market is pretty small. There's only 1.3 millions of us Estonians. But I see some potential in it. I was hoping for maybe around 30 sales per first month, but I think I will get there on wednesday - after just one week. To be honest, that's huge for me!
I have some personal savings for maybe about a year or so. So I have time to work on this and hopefully grow this business. But sales are so addictive and it's a bit challenging mentally, real emotional rollercoaster. Even now when there's some proof that people like my stuff, I still find myself doubting.
I guess that's the part of it. No problem. I can handle it. I'm enjoying it actually.
So I'm writing this thread to keep you guys posted. Maybe weekly updates on sales numbers and also when I have something big to share. Thanks for all of you inspiring people who are here in the forum giving advice and helping so often. I hope this thread can inspire someone in the future as well.
From wednesday to sunday I sold 18 units, that's around 620€ in revenue (not profit). When I calculate all the expenses, including ad cost, the net profit per unit should be around 25€. I need to sell around 90-100 units to cover my first investment. I'm ignoring the crisis and I know that people have money just like they always do. My product is not an essential but still seem to press on some emotions and people are buying. Also I have found out that I am pretty good in customer service so that helps. When I got reviews for my last business, people always said how nice it was to communicate with me. I'm keeping it up this time too - no need to be an a**hole!
I'm taking orders only on FB right now, sending invoices manually, packing, shipping and doing all this stuff, so the next goal is to get a website up and running to automate it a bit. I will probably use Shopify. It's a bit scary but I know it will be next level for me! I also need to learn more about Instagram and other platforms to use.
I think I will have enough money in May to make a second order and slowly start to sell in Europe (maybe I will use my personal funds to make the process go faster) because the local market is pretty small. There's only 1.3 millions of us Estonians. But I see some potential in it. I was hoping for maybe around 30 sales per first month, but I think I will get there on wednesday - after just one week. To be honest, that's huge for me!
I have some personal savings for maybe about a year or so. So I have time to work on this and hopefully grow this business. But sales are so addictive and it's a bit challenging mentally, real emotional rollercoaster. Even now when there's some proof that people like my stuff, I still find myself doubting.
So I'm writing this thread to keep you guys posted. Maybe weekly updates on sales numbers and also when I have something big to share. Thanks for all of you inspiring people who are here in the forum giving advice and helping so often. I hope this thread can inspire someone in the future as well.
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