21 year old with a single product e-commerce business that did 800k in revenue last year, averaging 5-10k a day nowadays AMA

File: 976 KB, 1080x1920, Screenshot_20190219-132424.png [View same] [iqdb] [saucenao] [google]

Anonymous Thu Mar 7 21:15:03 2019 No.12953665 [Reply] [Original]

21 year old with a single product e-commerce business that did 800k in revenue last year, averaging 5-10k a day nowadays AMA

>>	Anonymous Thu Mar 7 21:17:49 2019 No.12953683 how many hours do you work a week?

>>	Anonymous Thu Mar 7 21:18:18 2019 No.12953691 What product

>>	Anonymous Thu Mar 7 21:19:25 2019 No.12953697 >>12953665 why you are larping so badly? even the best top-tier cam whore goddesses have less than 5k per day

Anonymous Thu Mar 7 21:20:33 2019 No.12953704

>>12953665
Which platform do you operate on ? Multi or just on Amazon ? Do you use Shooify ? How did you perform market research ? Where do you source from ? Is it FBA ? What % of revenue is spent on shippping related things ? How do you matket ? Instagram / Facebook ?

>>	Anonymous Thu Mar 7 21:23:17 2019 No.12953722 >>12953691 dragon dildos

>>	Anonymous Thu Mar 7 21:25:00 2019 No.12953738 >>12953665 bullshit

>>	Sage Thu Mar 7 21:29:04 2019 No.12953763 >>12953665 >1 post by this ID in all fields

>>	Anonymous Thu Mar 7 21:35:02 2019 No.12953805 >>12953665 How many more years will Ovechkin play after his contract expires? He's never hurt so I think it should be 5 season or so easily

>>	Anonymous Thu Mar 7 21:36:13 2019 No.12953813 >>12953665 other then your business do you posses any actual life skills?

Anonymous Thu Mar 7 21:45:39 2019 No.12953870

>>12953683
10-15

>>12953691
Clothing product

>>12953697
I'm not larping

>>12953704
Shopify no Amazon

I used Google/eBay My supplier isn't on Alibaba

In Asia but not China

Shipping/fulfillment is 20-25% of revenue, I use a small 3pl

mostly Instagram and Facebook video ads, a good chunk from YouTube influencers, and we did a few hundred k from a morning show feature last year

>>12953813
No

>>	Anonymous Thu Mar 7 22:05:07 2019 No.12953980 >>12953870 >10-15 no fucking way. how do you spend the rest of your time? i'd be fine with even just making 20k a year if i only had to work 10 hours a week.

>>	Anonymous Thu Mar 7 22:12:09 2019 No.12954025 >>12953805 Why didnt you answer this question OP? We all know you won't reveal the name of your company or any detailed info; this is the dime-a-dozen beta brags on 4chan thread

>>	Anonymous Thu Mar 7 22:14:30 2019 No.12954033 >>12953665 Are other people selling your product as well?

>>	Anonymous Thu Mar 7 22:18:48 2019 No.12954066 >>12953665 5-10k in selling clothes? Lol c'mon bro, just stop it already. No need to lie, you're anonymous here.

>>	Anonymous Thu Mar 7 22:24:31 2019 No.12954098 >>12954066 Those are the kind of replies OP loves Watch him post his bank account or some cheque so he can prove you wrong and attempt to impress people on 4chan

Anonymous Thu Mar 7 22:31:29 2019 No.12954139

>>12954025
Dude, naming your company is begging for someone to rip off your idea. Fuck that. I've only seen it end poorly, 100% of the time.

Someone thinks people are nice, wants to help, gives his site out. A week later, he's got two more competitors. Fuck that.

I've got a product idea and I think I can pull it off but I would have to physically make my product in my apartment.

It seems the potential for many sales is great but since it's easy to build, I'm worried that anyone I hire to help me would realize they can just make the product at home and start their own online shop.

I'm thinking of having more than one company- one to hire people to make it and sell it to my other company, which will box and sell the items, but even then, that's no guarantee it won't be discovered and ripped off by an employee... Am I worrying too much? There's one major player in this niche but they don't seem like they've been brought down by their own employees. Maybe the key is some kind of non-compete, but it would be so easy to tell one of their friends how to make it so they wouldn't be violating anything.

My product is super similar to others, so it could be tweaked by an ex-employee and nobody would bat an eye.

Am I too paranoid, OP?

How hard is it to find a manufacturer in Asia? Will I have to worry about subpar materials? I suspect that even if I sp cify the right materials, it would be easy for a manufacturer to fake them.

>>	Anonymous Thu Mar 7 22:36:11 2019 No.12954172 >>12954098 Except he won't, because he won't be able to provide any proof to back up his little ruse. No one makes 5-10k a day selling clothes online.

>>	Anonymous Thu Mar 7 22:47:08 2019 No.12954244 >>12954172 5-10k is revenue, not profit. But there are a ton of companies making more than that.

Anonymous Thu Mar 7 22:53:54 2019 No.12954290

>>12954139
Doing any sort of manufacturing in Asia requires lawyers on top of lawyers to patent and secure your copyright.

If you can really make this product in your apartment then you should just share the specifications in an open source manner or with an eye to making the product through some sort of listing service that allows independent manufacturers to make it. Honestly, if you can make this in a space as small as an apartment you could easily differentiate your product.

>My product is super similar to others, so it could be tweaked by an ex-employee and nobody would bat an eye.

Ok, so this is a texas armadillo forum and you can use the advice.

Anonymous Thu Mar 7 22:55:00 2019 No.12954298

>>12954139
If you can somehow get it made overseas do that. Before you worry about any of this I'd make a batch of a few hundred and see if you can put together a souped up website and get them sold.

As far as finding a manufacturer it's really hit or miss. Try to find a company that isn't your normal alibaba gold. Something that's been around for a decade or longer, mines been around for 30 years and they have never failed me.

A good way to find something like that is look at importing records to see where big companies get theirs made. Those ship manifests are made public and a lot of companies forget to email and have their records blacklisted.

>>	Anonymous Thu Mar 7 23:02:11 2019 No.12954347 >>12954139 What's your product idea?

>>	Anonymous Thu Mar 7 23:06:32 2019 No.12954370 >>12953980 Sleep in, hit the gym, saltwater fishing, women, friends, video games, family. I also spend a lot of time reading/listening to e-commerce content but I don't really consider that work

>>	Anonymous Thu Mar 7 23:07:10 2019 No.12954374 >>12953665 Do you have a cute pink butthole?

>>	Anonymous Thu Mar 7 23:17:19 2019 No.12954443 >>12954370 Why do you say "salt water" fishing instead of just "fishing" ? You spearfish in the ocean with a full dive suit?

>>	Anonymous Thu Mar 7 23:21:04 2019 No.12954468 >>12954443 No, inshore kayak fishing. I say that because fresh water fishing isn't as fun

>>	Anonymous Thu Mar 7 23:23:41 2019 No.12954483 File: 626 KB, 652x562, zoomer.gif [View same] [iqdb] [saucenao] [google] >responding to this larping faggot who won't show bank account

>>	Anonymous Thu Mar 7 23:25:11 2019 No.12954501 >>12954370 AHAHAHA he doesnt play vidya and masturbate to hentai all day. What an absolute cucked and bluepilled faggot.

Anonymous Thu Mar 7 23:30:51 2019 No.12954533

>>12954066
It’s easy doable

>>12954139
Easy to find manufacturers hard as fuck to find a good one, even harder to know how to not get fucked.

Just start making it yourself and test the market. If it sells well jump on a plane and go figure it out

>>12954290
No it doesn’t and even if you did go to the trouble they don’t give a fuck about your patent

Currently in China sitting in a shipping agent’s office. I source manufacturing in China for a living

>>	Anonymous Thu Mar 7 23:33:26 2019 No.12954554 >>12953665 Where do you link with influencers that want to promote your product?

>>	Anonymous Thu Mar 7 23:35:08 2019 No.12954571 >>12954554 Find them on YouTube and email them.

>>	Anonymous Thu Mar 7 23:35:09 2019 No.12954572 >>12954468 Why not? A nice big lake seems much comfier than the ocean. What's different about it?

>>	Anonymous Thu Mar 7 23:37:49 2019 No.12954590 >>12954571 Does your product do something differently or have you built it solely off the brand? t. Ran 4 successful kickstarters so far

>>	Anonymous Thu Mar 7 23:40:42 2019 No.12954613 >>12954572 Saltwaters nice because you catch so many different things, and they're always better fighters than bass. Plus the saltwaters real pretty here in Tampa

>>	Anonymous Thu Mar 7 23:43:50 2019 No.12954636 >>12954590 Yes. There are a metric fuck ton of people making this kind of product, but it's a huge broad market. Our is different and superior in a few key ways. An equally important part of this business is having top notch branding and marketing.

>>	Anonymous Thu Mar 7 23:45:50 2019 No.12954650 >>12954613 >Tampa Oh alright that makes sense then

>>	Anonymous Fri Mar 8 00:14:12 2019 No.12954811 Btw OP are you a car enthusiat by any chance? I wish I lived in Tampa, I could ride my Hayabusa all year round. DO get a sportbike if you don't have one already, it turns any boring commuting into an exciting experience

Anonymous Fri Mar 8 00:17:08 2019 No.12954826

>>12954533
>No it doesn’t and even if you did go to the trouble they don’t give a fuck about your patent

Yes they absolutely do give a fuck about your patents. I work for a company that makes a product that is currently under patent in China. They have already extracted 500k USD+ from copycats.

>Currently in China sitting in a shipping agent’s office. I source manufacturing in China for a living

You very well might be, but don't doubt that you understand all of the nuances of your business and don't cheap out on legal work.

>>	Anonymous Fri Mar 8 00:21:26 2019 No.12954853 >>12954826 do you own any LINK?

Anonymous Fri Mar 8 00:26:02 2019 No.12954886
File: 41 KB, 600x450, 00v0v_b969DTzEV68_600x450.jpg [View same] [iqdb] [saucenao] [google]

>>12954811
I am. I'd like to get a v8 r8 in a year or 2, but we'll see how that goes. My car insurance is 600 a month for a 2015 corolla.. driving record ain't too clean

>>	Anonymous Fri Mar 8 00:29:49 2019 No.12954906 >>12954886 v10 or bust you fucking poser

>>	Anonymous Fri Mar 8 00:31:20 2019 No.12954919 >>12954886 do you own any LINK?

>>	Anonymous Fri Mar 8 00:33:50 2019 No.12954931 >>12954906 Lol >>12954919 Nope

>>	Anonymous Fri Mar 8 00:35:47 2019 No.12954943 >>12954931 good.

Anonymous Fri Mar 8 00:53:26 2019 No.12955058
File: 162 KB, 1024x614, 40355061692_776350ec53_b.jpg [View same] [iqdb] [saucenao] [google]

>>12954886
>R8

Might as well get Lambo Huracan if you're in that ball park, even that means a low-millage used model. The AMG Gt in a flashy color would also be perfect for you since you're young

t. 2003 Honda Accord

>>	Anonymous Fri Mar 8 00:57:53 2019 No.12955086 >>12955058 the reason he posted that car is because the V8 is substantially cheaper than the V10 version, as well as a generation behind the current R8. You can get this car for around 70-80k

Anonymous Fri Mar 8 01:12:04 2019 No.12955164
File: 65 KB, 750x562, 1.jpg [View same] [iqdb] [saucenao] [google]

>>12955086
Oh... that's dumb then. I'd get a brand new ZL1 instead. 650hp 650lb torque and apparently it handles like a dream unlike the previous pig-fat generation. I think they go for 50ish thousands

>>	Anonymous Fri Mar 8 01:17:37 2019 No.12955198 File: 95 KB, 1280x720, maxresdefault.jpg [View same] [iqdb] [saucenao] [google] >>12955058 Love that car in yellow. R8s cheaper though

Anonymous Fri Mar 8 01:25:34 2019 No.12955253

Hey op I am looking at a clothing product as well, just ordered my first 200 units so we’ll see how it goes. Any tips on marketing? How’d you get those youtubers on board? Did you ever pay for likes/follows?

Don’t worry my item isn’t just a plain old gildan hoodie, there’s a function to it.

One concept I read about recently was your brand = a fantasy , so paint it as nicely as possible for your target market, rely heavily on emotions and stories etc

Anonymous Fri Mar 8 01:47:17 2019 No.12955388

>>12955253
That last part sounds about right.

I have paid for likes (upvotes) before. When I launched the company I only had a couple grand, so was on a strict budget with not much money for ads. I launched by making a Reddit post that covertly promoted my product, bought 20 upvotes to get it noticed and it took off. I got $6k in sales. Did it a couple more times and was able to scrape together $10k.

I used that to get more inventory, and improve my product. After that I had a few thousand left for marketing so I invested in paying for around 10 sponsored YouTube videos. I went with smaller YouTubers with high quality content. A few of those videos did real well and I got a very nice ROI.

I later cut up these videos and turned them into video ads that I use on Facebook. I've probably tested hundreds of variations and a few of those have really knocked it out of the park

>>	Anonymous Fri Mar 8 01:55:41 2019 No.12955440 >>12955388 When you email youtubers, what do you say? Do you offer them money? How much? How specific is your ask?

Anonymous Fri Mar 8 01:59:57 2019 No.12955469

>>12955440
I email them with a very short pitch of the product, and offer to send them for free to try. I also include the cash amount I would pay them.

Prices depend on the YouTuber and niche. I offer cash via PayPal, $15 per average thousand views they get on a video.

>>	Anonymous Fri Mar 8 02:04:03 2019 No.12955502 >>12955469 So what is it that you sell, t-shirts, pants? Many types of clothing/apparel ?

>>	Anonymous Fri Mar 8 02:12:46 2019 No.12955558 >>12955502

>>	Anonymous Fri Mar 8 02:13:33 2019 No.12955570 >>12955558 You forgot to type your reply

>>	Anonymous Fri Mar 8 02:14:30 2019 No.12955576 >>12955502 All I will say is that it is a single product. It's almost an accessory but not really.

>>	Anonymous Fri Mar 8 02:16:35 2019 No.12955592 >>12955576 That could be anything but ok

>>	Anonymous Fri Mar 8 02:17:24 2019 No.12955597 >>12955502 You can find great examples of product businesses like mine on e-commerce brokerage sites. Sites like Website closers Quiet light brokerage Fe international

>>	Anonymous Fri Mar 8 02:19:51 2019 No.12955609 >>12955597 Is your logo cool? Why do people buy your stuff ? Also $15 per 1k views seems extremely low, why would they do it for so cheap ?

Anonymous Fri Mar 8 02:33:54 2019 No.12955678

>>12955609
Yes

It solves a problem that causes frustration and slight physical pain.

It certainly depends on the niche. Someone doing 20k views per video is generally pretty happy to get an easy $300. People in that range are usually trying to hustle so they can do YouTube full time

>>	Anonymous Fri Mar 8 02:39:01 2019 No.12955709 >>12955678 So it’s either sunglasses or baseball caps. The retarded boomers in this thread may not know about “the scene” but having seen people like Gianni Mora and Asspizza make 250k as High school dropouts leaves a pretty impressionable mark on you.

>>	Anonymous Fri Mar 8 02:45:02 2019 No.12955737 >>12953665 >revenue I do lower six figures end up with almost nothing in my pocket. Not a good flex. Post your reported p&l and then I will care.

>>	Anonymous Fri Mar 8 02:47:38 2019 No.12955748 >>12955737 He just told you he's pocketing 5 to 19k a day, so about 3.5 mil per year INTO HIS OWN POCKET. That's amazing OP. Pleaae tell us how you pocket 3.5mil out of 800k in just revenue.

>>	Anonymous Fri Mar 8 02:48:53 2019 No.12955754 >>12955737 I don't care if you care. My net was around $150k. Would have been closer to $200k if I didn't waste money on rookie mistakes.

>>	Anonymous Fri Mar 8 02:51:39 2019 No.12955768 how many hookers you fucked in the past month?

Anonymous Fri Mar 8 02:57:09 2019 No.12955807

I just finished writing a book on how to learn chinese (its way better than the competition) and plan to sell it on amazon as a physical book for about 20$ (same as competition, but its not as long, i think people like buying the physical book over an ebook in this field for studying purposes)

I have a website that looks good with good stuff to help sell the book as well and will do advertising on social media.

What advice do u have for the price of the book, what am i doing wrong and what do u recommend?

>>	Anonymous Fri Mar 8 03:02:51 2019 No.12955836 >>12955609 Youtube net ad rates are significantly lower than a $15/cpm. $15 for 1k views is perfectly reasonable if not fantastic for a small youtuber who probably isn't even qualifying for Youtube's partner program.

>>	Anonymous Fri Mar 8 03:04:00 2019 No.12955840 If this isnt a larp, why are you so insecure and sneaky that you didnt list your profit rather than revenue, when revenue is a useless metric that could be there even if you made 20k of actual money in the entire year?

>>	Anonymous Fri Mar 8 03:05:37 2019 No.12955847 >>12955840 Revenue/sales is still a positive indicator of the scale to which you are providing value to customers. $800k is still $800k that customers have willingly parted hands with, and reflects the kind of product you're selling.

>>	Anonymous Fri Mar 8 03:12:20 2019 No.12955875 >>12955748 somethibg doesnt add up here. why is revenue lower than profit

>>	Anonymous Fri Mar 8 03:15:39 2019 No.12955896 >>12953665 do you do dropshipping from asia or do you import the goods and have them sent to a warehouse / 3PL fulfillment company? how about returns and refund rates? average shipping time?

>>	Anonymous Fri Mar 8 03:20:15 2019 No.12955915 >>12955875 LOL checkmate .

>>	Anonymous Fri Mar 8 03:23:30 2019 No.12955930 >>12953665 Suuure

>>	Anonymous Fri Mar 8 04:20:51 2019 No.12956160 >>12955748 > 5-10k nowadays larp or not dont be retarded

>>	Anonymous Fri Mar 8 05:35:10 2019 No.12956510 >>12953665 What's the monthly GMV of your business?

>>	Anonymous Fri Mar 8 05:44:43 2019 No.12956562 >>12955086 With 10k revenue daily you can buy a new V10 every couple years.

Advanced search
Text to find
Subject [?]Search by post subject. Leave empty for any.
Username [?]Search for user name. Leave empty for any user name.
Tripcode [?]Search for tripcode. Leave empty for any.
Email [?]Search by email. Leave empty for any.
Filename [?]Search by image filename. Leave empty for any.
From Date [?]Enter what date to start searching from. Format is YYYY-MM-DD
To Date [?]Enter what date to start searching until. Format is YYYY-MM-DD
Image hash
Search in	All Posts OPs Only
Deleted posts	Show all posts Show only deleted posts Only show non-deleted posts
Internal posts	Show all posts Show only internal posts Show only archived posts
Order	New posts first Old posts first
Capcode	All Posts Only by Users Only by Mods Only by Admins Only by Developers
Results	Posts Threads
Action	[ Simple ]

/biz/ - Business & Finance