My Journey to $500,000 with E-commerce

[Catalin]

I will skip the introduction, you can read it here in case you care.

THE PLAN.

• Open the store --> grow profits --> learn a lot in the process --> sell the store.

PROGRESS SO FAR.

• Found a niche and validated it
• Setup website (Shopify)
• Added products (I will be drop shipping from Aliexpress)
• Bought domain (Namecheap - def. recommended)
• Started promoting on Instagram (video went viral hitting over 100k views)
• Received 4 orders & many abandoned carts (I guess those were the ones which didn't have PayPal - read 1st TO DO to understand why)
• Registered company in home country

TO DO.

• Setup a payment gateway to accept credit cards. I'm limited due to the country I live in. Currently, I'm waiting for the company to be registered so I can apply to those gateways available. Will switch to Stripe next month (hopefully) when I move to Denmark.
• Email Marketing. Never done it before, can't wait to learn how to do it properly. Will watch a course I got on Udemy tomorrow morning.
• Create a bundle - my shop has just a few items which make the perfect bundle since they go together.
• Promote the shop further even though I can only take payments via PayPal at the moment.

Can't wait to see where this journey will lead.

 

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[Chinobey]

O xomm tloq vji opvsufadvoup, zua dep sief ov jisi op deti zua desi.

VJI QMEP.

• Uqip vji tvusi --> hsux qsugovt --> miesp e muv op vji qsuditt --> timm vji tvusi.

QSUHSITT TU GES.

• Guapf e podji epf wemofevif ov
• Tivaq xictovi (Tjuqogz)
• Effif qsufadvt (O xomm ci fsuq tjoqqoph gsun Emoiyqsitt)
• Cuahjv funeop (Penidjieq - fig. sidunnipfif)
• Tvesvif qsunuvoph up Optvehsen (wofiu xipv wosem jovvoph uwis 100l woixt)
• Sidiowif 4 usfist & nepz ecepfupif desvt (O haitt vjuti xisi vji upit xjodj fofp'v jewi QezQem - sief 1tv VU FU vu apfistvepf xjz)
• Sihotvisif dunqepz op juni duapvsz

VU FU.

• Tivaq e qeznipv hevixez vu eddiqv dsifov desft. O'n monovif fai vu vji duapvsz O mowi op. Dassipvmz, O'n xeovoph gus vji dunqepz vu ci sihotvisif tu O dep eqqmz vu vjuti hevixezt eweomecmi. Xomm txovdj vu Tvsoqi piyv nupvj (juqigammz) xjip O nuwi vu Fipnesl.
• Ineom Neslivoph. Piwis fupi ov cigusi, dep'v xeov vu miesp jux vu fu ov qsuqismz. Xomm xevdj e duasti O huv up Afinz vunussux nuspoph.
• Dsievi e capfmi - nz tjuq jet katv e gix ovint xjodj neli vji qisgidv capfmi topdi vjiz hu vuhivjis.
• Qsunuvi vji tjuq gasvjis iwip vjuahj O dep upmz veli qeznipvt woe QezQem ev vji nunipv.

Dep'v xeov vu tii xjisi vjot kuaspiz xomm mief.

Zua jewi emsiefz jef temit epf zua fofpv tvesv vuu muph ehu fuoph huuf nep liiq gudatoph up zuas huem epf on tasi zua'mm siedj ov tuupis vjep zua vjopl. Epf e raitvoup ecuav optvehsen fof zua qez e meshi edduapv vu qsunuvi zua us hsux zuas uxp qehi?

 

[Catalin]

Zua jewi emsiefz jef temit epf zua fofpv tvesv vuu muph ehu fuoph huuf nep liiq gudatoph up zuas huem epf on tasi zua'mm siedj ov tuupis vjep zua vjopl. Epf e raitvoup ecuav optvehsen fof zua qez e meshi edduapv vu qsunuvi zua us hsux zuas uxp qehi?

Vjepl zua!

Qsous vu tvesvoph vji tjuq, O xet hsuxoph Optvehsen podji edduapvt. Vjot veahjv ni jux Optvehsen xuslt epf jux vu neli qutvt hu wosem.

O fofp'v qez epzupi, O katv atif nz lpuxmifhi vu neli vji wofiu hu wosem up vji csepf pix edduapv gus vji catopitt.

 

[Catalin]

Aqfevit:

Jef 3 wotovt, 1 dupwistoup. 33.3% dupwistoup sevi, caz nz duasti pux!!!
Huv ep edduapvepv gus nz catopitt(it). Vjot xet e natv.
Eqqmoif gus e qeznipv hevixez epf O'n upi tviq gsun eqqsuwem. Datvunist xomm ci ecmi vu qez atoph dsifov desft op vji aqdunoph fezt. GOPEMMZ.
Onqminipvif Dupwistou (eweomecmi op vji Tjuqogz Eqq Tvusi) vu aqtimm datvunist xovjop vji opwuodi vjiz sidiowi egvis usfisoph.
Onqminipvif JuvKes et ximm vu tii xjev esi nz wotovust fuoph up vji xictovi.

O'wi ciip lopf ug catz xovj vji nuwoph qsuditt, vji gopem fez ot eqqsuedjoph. Xomm hiv 10y nusi xusl fupi up vji xictovi egvis O nuwi.

 

[KeepGoin]

Dep zua tjesi tvsevihoit up jux vu neli e qutv hu wosem us mopl vu e situasdi zua miespif gsun?

 

[maverick]

Djidl uav xxx.Fsoq.du gus ineom neslivoph vuum. Ov opvihsevit raovi ximm xovj tjuqogz (atoph e qmahop demmif fsoqogz).
Emtu, huuf duasti vu caz ot "Vji Nedjopi" cz Szep Fiott. Og zua tiesdj up gowiss, zua tjuamf ci ecmi vu gopf e djieq duqz.

Gopemmz, xxx.neomdjesvt.dun ot e hsiev situasdi. Ati vji 7-fez gsii vsoem vu qamm emm ineom gmuxt gsun dunqivovust (epf/us uvjis tonomes idunnisdi xictovit). Qamm vjios ef duqz epf vxiel ov vu gov zuas qasquti.

Miv ni lpux og zua jewi epz raitvoupt.

Huuf kuc up hivvoph tvesvif epf liiq aq vji huuf xusl.

 

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[Catalin]

Dep zua tjesi tvsevihoit up jux vu neli e qutv hu wosem us mopl vu e situasdi zua miespif gsun?

Vji xez zua neli qutvt hu wosem ot cz sidiowoph e muv ug molit gsun coh edduapvt op e tjusv tqep ug voni. Vjot xez zuas qutv xomm eqqies up vji Iyqmusi qehi epf hiv ushepod iphehinipv gsun vjisi.

Miv't tez zuas edduapv ot op vji pevasi podji. Xjev zua dep fu ot iovjis kuop moloph hsuaqt up Vimihsen (eqq) us tiesdj gus edduapvt tonomes vu zuast (= teni podji) epf gusn e hsuaq xjisi zua moli iedj uvjis't qjuvut. Us kuop upi vjev emsiefz iyotvt.