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Not at all my business, of course, but having US$ 400-700 revenue per day is (at least to me) meaningless metrics. That is - I believe - revenue (amount of sal

by jaclaz 8y ago

Not at all my business, of course, but having US$ 400-700 revenue per day is (at least to me) meaningless metrics. That is - I believe - revenue (amount of sales). Let's go for average US$ 500/day. That is roughly 180,000 US$/year. How much are expenses (for buying the goods that are resold)? How much did you invest in storage/offices/whatever? (or rents you pay) How much money do you have invested in the actual goods? How much are costs for the receiving the goods, storing them, having inventary, packing and shipping them? How much are pay-processors fees? How much are you paying for accountants and other needed professionals? How many hours per day do you spend in managing the shop, the ads, the reviews, the non-sewuitur e-mails, etc.? How much are taxes (corporate)? In other words, and of course only if you wish to share this piece of info, how much do you make out of that shop, NET? Or - it would be good as well - just state what percentage of your total income comes from the shop earnings. I know I sound critic/downputting/naysayer, but the whole thing sounds (or may sound to an inexperienced reader) like "it's easy to make a successful online shop, even if you have no experience whatsoever and you will make lots of money".

justboxing 8y ago
> "it's easy to make a successful online shop, even if you have no experience whatsoever and you will make lots of money". (I think) you are reading this all wrong. I didn't see any place in the post where the author seems to be suggesting this. As a matter of the first 2 lines are literally the following. > I started a e-commerce store in September 2017 that does about $400 a day in revenue. I get asked about the tools, systems and products I use often, in this post I will share what works for me. > I don’t dropship, I buy, hold, and ship all inventory. The rest of the post is about tools and services the author used, to achieve the 400$ / day in revenue, and like he says, what worked for him. YMMV. I found it very useful as I am about to launch a shopify based site, and I wasn't aware of more than half the tools and services mentioned. You'll also notice that the author has answered all questions here in great detail. It is very difficult to make people part from their money for a product or service. This post is not about what product or service to sell, it's about how to go about getting revenues coming in once you have a product or service that you want to sell. Final note, 180,000 US$/year in REVENUE (not profits) is quite impressive. Over 80% of startups don't even see that much revenue in their entire life-cycle, stuggle for years to get people to pay for their product or service, and then die.
- jaclaz 8y ago
  >Final note, 180,000 US$/year in REVENUE (not profits) is quite impressive. Over 80% of startups don't even see that much revenue in their entire life-cycle, stuggle for years to get people to pay for their product or service, and then die. I am sorry for those startups, but if the gross margin is 30% it will likely become 10-15% profit after expenses and taxes. 15% of US$ 180,000/year is 27,000 US$/year, if the Author worked 2,000 hours in the year, he got net 13.50 US$/hour, which is not bad, but not something I would call personally a successful shop/activity.

by jaclaz 8y ago

justboxing 8y ago

> "it's easy to make a successful online shop, even if you have no experience whatsoever and you will make lots of money". (I think) you are reading this all wrong. I didn't see any place in the post where the author seems to be suggesting this. As a matter of the first 2 lines are literally the following. > I started a e-commerce store in September 2017 that does about $400 a day in revenue. I get asked about the tools, systems and products I use often, in this post I will share what works for me. > I don’t dropship, I buy, hold, and ship all inventory. The rest of the post is about tools and services the author used, to achieve the 400$ / day in revenue, and like he says, what worked for him. YMMV. I found it very useful as I am about to launch a shopify based site, and I wasn't aware of more than half the tools and services mentioned. You'll also notice that the author has answered all questions here in great detail. It is very difficult to make people part from their money for a product or service. This post is not about what product or service to sell, it's about how to go about getting revenues coming in once you have a product or service that you want to sell. Final note, 180,000 US$/year in REVENUE (not profits) is quite impressive. Over 80% of startups don't even see that much revenue in their entire life-cycle, stuggle for years to get people to pay for their product or service, and then die.

jaclaz 8y ago
>Final note, 180,000 US$/year in REVENUE (not profits) is quite impressive. Over 80% of startups don't even see that much revenue in their entire life-cycle, stuggle for years to get people to pay for their product or service, and then die. I am sorry for those startups, but if the gross margin is 30% it will likely become 10-15% profit after expenses and taxes. 15% of US$ 180,000/year is 27,000 US$/year, if the Author worked 2,000 hours in the year, he got net 13.50 US$/hour, which is not bad, but not something I would call personally a successful shop/activity.