From $1k to $100k a Week in Just 44 Days - Dropshipping Success Story
Discover the incredible journey of a young entrepreneur who went from $1k to $100k a week in sales through dropshipping in just 44 days. This inspiring success story is a testament to the possibilities in e-commerce and the determination to achieve ambitious goals.
My Journey to $100,000 a Week in Sales and Dropshipping
It only took me 44 days to start making $100,000 a week in sales and dropshipping, and I have recorded every single step of the way. This is my journey. Enjoy the video. Let's f***ing go! Six figures, what the f***?
Hey, my name is Paul. I just turned 21. I dropped out of university to chase my dreams in the e-commerce space and to be an entrepreneur. Currently, it's been around 11 months since I dropped out and went full-on monk mode, just focusing on my dreams and my goals and taking daily actions.
So I've tried 22 different products, so 22 different stores. Currently, I'm in a mentorship program as well. It's going to be my first Q4 experience, and I can confidently say the time has finally come.
So just to give you a little background, currently, I'm running a business with my brother as well as posting content on YouTube, and I'm also posting fitness content on TikTok. And yeah, I made a promise to myself that in 2023, I'll be able to create a revenue of $100,000. I set daily actions and plans for me to reach those goals, which I'm currently doing every single day.
And according to my calculations, if we're able to just hit those target numbers for a couple of days, and if we start scaling, us hitting that $100,000 revenue by the end of this year will be very much doable.
If you guys are not familiar with my channel, this is going to be my maybe third video. I just want to be a living proof that anyone can be a millionaire as long as they have faith in themselves that they can do it.
If you guys are not familiar in the e-commerce space, we started off with dropshipping where you guys find a product and you build a store around that product and also brand.
Scaling E-commerce Business and Setting Ambitious Goals for Profit Growth
The journey of scaling up our e-commerce business has been filled with challenges and learning experiences. For the past four months, our daily budget had been stuck at $50 due to a missed payment, which taught us an expensive lesson. Despite this setback, we remained proactive and devoted our time to learning from our mentor and delving deep into marketing fundamentals. Recently, we were able to increase our daily spending, and we have been scaling up by 20% each time we hit our target ROAS of $2.5. Our daily budget has now reached $248, a significant increase from the initial $50. Our goal is to further scale up to a daily spending of $600 while maintaining the $2.5 target ROAS, aiming for a net profit of $20k by December. It's currently October 16th, and we are optimistic about reaching our goal. Personally, I am also looking forward to celebrating my parents' anniversary on the 5th of January and our ultimate goal is to bring them to Hawaii with the money we earn. This will be a significant milestone for us as a family. As we continue to scale and aim for ambitious goals, our recent sales have shown promising results. Today, we achieved a sale of $659 USD, a remarkable improvement from our previous capped spending of $50. We are determined to keep scaling and pushing our boundaries. Our belief in ourselves and our dedication to the business drive us forward. The journey is challenging, but our progress is proof that everything is possible when you believe in yourself.
Scaling Up and Hitting Target ROAS
It's been two days since the last clip was filmed, and the scaling up continues. Our daily spending limit has now reached 297, and we're pleased that we were able to hit our target ROAS, which will now increase our spending limit to 346. The scaling process started on Saturday and in the past five to six days, we have generated 3.5k, with constant scaling up every day. Things are looking promising as we move forward. We are currently at a CBO budget of 427, and once again, we achieved our target ROAS. Tomorrow, we plan to scale up again, aiming to reach a $700 CBO budget in order to achieve a net profit of 10k before December. We are already over 50% there after tomorrow, and with just two more scaling ups, we are confident in reaching our goal. In fact, we are even considering doubling our goal, aiming for a 40k net profit by December. In the past 10 days, our daily budget has increased from 50 to $614. This rapid scaling method has proven successful, and we have managed to hit our goals effectively. The progress of our business has been impressive, and we are optimistic about the future.
SEO Optimization and YouTube Channel Update
Today, we are once again planning to increase our daily budget from 614 to possibly 700. After a quick calculation, it looks like tomorrow's daily budget will be 736. Our goal is to scale up to a daily spending of 1.5K before Black Friday week, which gives us about 20 more days to set everything up.
In other news, I uploaded my first YouTube video last night without any specific expectations. Surprisingly, the video has already reached a thousand views, and I have gained a hundred subscribers since then. This is an exciting update for my YouTube channel!
Let's take a quick look at the data on my screen. As of October 13th, it has been about 13 days. Our daily total spend for our CBO was $50 per day. With our ad spend at $50, our net profits reached $700. Now, with aggressive scaling up, we are experiencing significant growth in our daily spending, reaching up to 5K. We have come a long way from being stuck at $50 daily spending for the past three months.
Overall, the growth has been promising, and I am excited to continue this upward trajectory. The effort and hard work are definitely paying off, and I am looking forward to the upcoming opportunities. Stay tuned for more updates!
SEO-Optimized Blog Segment: The Journey of a Successful Entrepreneur
The total spend is actually at $10,000. It's honestly crazy, but as you guys can see, today's sales are at $4,000. We're just getting started, and I'm going to keep updating you guys on how our store is doing. I want to motivate you to start chasing your own goals because everything's possible through God. Chase your dreams, follow your goals, work on them every single day, and trust in God; he will guide you in the right direction.
It's the best feeling when you wake up to notifications from Shopify. Today, I woke up to $700 in revenue, and that was a great way to start the day. While at the gym, we were working out, and the notifications kept coming in. Even while driving to church, notifications kept coming. Money was made in the washroom, while eating with parents, and during a little buzz and vibration. It's a funny story because both my brother and I only allow notifications from Shopify. Every time we get a notification, we give each other knowing looks like 'we made money, baby!'
Currently, the time is 7 a.m. on November 2nd. Isaac calculated our net profit yesterday, and we made about three thousand Canadian dollars in one day! I'm at the bank right now, dealing with problems related to the payment processor and my credit card limit not being as high as my Facebook account threshold. I have to overpay my credit card every time I get charged, and it's becoming quite a hassle. I'm receiving the funds in USD, and I'll be visiting TD and Scotia just to figure things out.
SEO Optimization: Overcoming Currency and Payment Challenges
As an SEO optimization engineer, I understand the importance of effectively addressing currency and payment challenges in e-commerce. One common issue is the need to pay funds in USD while living in a different country, such as Canada. The solution found was to have a U.S. business account to receive the funds, allowing for the completion of tax filings and the transfer of funds to a U.S. personal credit card.
However, utilizing a personal U.S. credit card presented its own set of challenges. The credit card had a limit of only 3,000, and the account was flagged due to suspicions of fraud. This was compounded by the fact that the use of a personal credit card for business transactions was considered abnormal.
These obstacles highlight the complexity of navigating international transactions and the need for innovative solutions. The goal is to streamline the process, so entrepreneurs don't have to spend excessive time engaging with financial institutions, especially after a strenuous workout at the gym.
Moving on to the financial performance, the revenue and profit figures are impressive. From November 1st to the present day, the profit totaled about 5.6k USD, with revenue over the past four days reaching nearly 18,000 USD. The daily sales numbers are equally noteworthy, with the store generating 5,300 USD in sales.
The consistency and growth in revenue are evident, as demonstrated by the total of 30,000 USD in the last seven days. These results confirm the effectiveness of dropshipping as a viable business model, despite the challenges encountered along the way.
The journey continues, even while taking a break to walk the dog. At 9 am, the revenue has already reached $2,192, indicating a promising start to the day's activities. This ongoing success showcases the dedication and hard work that contributes to the thriving e-commerce venture.
Turning Revenue into Wealth: A Story of Scaling Success
Hey everyone, it's important for all of you watching this video to realize that you have the potential to thrive without being tied to trading your time for money. Creating wealth is within your reach, and your time is your most precious asset. You will never be as young as you are today, so seize the opportunity. It's been almost a year since we embarked on this journey, and we are now starting to see the fruits of our labor. If we can achieve this, so can you. Believe in yourself!
Today's total sales amounted to $6,125, with a staggering $31,000 in the last seven days. Moving ahead to November 9th, it's been three weeks since we began expanding our store. Last week, we encountered numerous challenges with payment processing, which we are still working to resolve. I'm eagerly awaiting the approval to open a bank account in the states to clear everything. Yet, despite these hindrances, we placed an order for 2,500 units to secure sufficient stock for Black Friday. Today, we achieved our highest sales yet, reaching $7,257. It's currently 10:54 p.m., and I anticipate reaching around $7.5k by the end of the day. Just three weeks ago, our revenue was a mere $431 - the progress is exhilarating. In the last seven days, our revenue has soared to $34,000, with a profit margin of approximately 35%. It's almost surreal, but there are still challenges, particularly with payment processors. Yet, I see these obstacles as a sign of progress, and I'm incredibly grateful for the position we're in. You, sitting on the other side of the screen, can achieve this too. There's nothing extraordinary about me - the only exceptional thing I did was refuse to give up.
Celebrating 6 Figures: A Success Story from a 22nd Store Owner
Make sure you guys believe in yourself, yeah? You guys got this.
Guys, currently it's November 10th. This was my 22nd store. We launched this store about 5 months ago in May, which was our first sale. And now... 6 figures! Guys, this is crazy. It feels like everything happened so fast because we just started scaling not even 30 days ago. Me and my brother Isaac are now proud owners of a 6 figure brand. We're just getting started. Morning of 6 figures, baby! Our brand finally hit 6 figures! Yes, sir!
So today, it's time for us to celebrate, but at the same time, it's another day to grind. First things first, baby. Always.
Hey guys, just a quick update. As you guys saw in the last clip, we actually hit 100K on our brand. Today, we hit 9K revenue. I'm just going to show you guys 9,000 dollars today. Everything just happened so quickly, and it still doesn't feel real. I just wanted to record this clip because I wanted to express... It's very hard to explain. I'm telling you, I was literally in the same shoes as you. You have one life. You have one...
Hitting $10,000 Revenue Milestone: A Journey to Success
Chase after your dreams, chase after your bag - these words have never rung truer for us. We are thrilled to announce that our total sales have finally hit the $10,000 mark. It's a moment of triumph, a testament to our hard work and dedication.
When we started, the revenue was at $564 on the 21st. Fast forward around 20 days, and we find ourselves celebrating this incredible achievement. Hitting $10,000 in revenue in a single day is no small feat, and we are incredibly proud of our team for making it happen.
Not only did we hit $10,000 in revenue, but we also achieved a net profit of around $5,000 yesterday. These numbers are surreal, but they reflect the effort and commitment we have put into our work.
To celebrate our success, we treated ourselves to some luxurious indulgence. We visited Lazise, a shawarma place, and splurged on two shawarmas plus drinks. While it may seem extravagant, it's a reminder of how far we've come and the success we are now experiencing.
Today, we are elated to share that our revenue has surged to $20,000, and our weekly revenue has reached an impressive $100,000. These milestones mark a significant turning point for us, demonstrating the exponential growth of our business.
As I reflect on our journey, I can't help but be amazed. Just the other day, while I was out for a night jog, we made an additional $1.5k in revenue in just 10-15 minutes. It's moments like these that remind us of the limitless potential ahead.
Our next goal is set, and we are driven to reach even greater heights. We are immensely grateful for the support and opportunities that have propelled us to this point, and we are excited to continue this remarkable journey to success.
Maximizing Profits and Scaling Up for Black Friday Cyber Monday (BFCM)
Our net profit has reached an impressive $100,000 in just one week, and the momentum continues with another sale while I was recording this video. Today's date is November 19th, marking exactly seven days since my last update. We have achieved two significant milestones that I am eager to document. As we gear up for the Black Friday Cyber Monday (BFCM) event, our focus is on preparing the ads, email flows, and other essential elements. The upcoming Friday, which is the Black Friday itself, holds great anticipation for us. Taking a quick look at our Facebook sales, today's total sale has reached $23,000, bringing our weekly total to an outstanding $105,000. My partner, Isaac, and I are still astonished by the tremendous amount of money we have been generating in the past few weeks. Currently, our ad budget is set at a daily spend of $6,500, with a current daily budget of $614. Tomorrow, we are planning to scale up our budget once again as we aim to maximize our scaling efforts before BFCM. Our goal is to double or even triple our daily budget in preparation for the event. I reflected on some changes in my perspective towards money over the past week. For instance, when dining out with friends, the cost of the food seemed inconsequential as we had made a significant net profit the day before. It felt as if the food was free, and we found ourselves ordering without hesitation. Although our spending habits on food have increased, that is the extent of the change. As we strive to escalate our daily spending to $600 and maintain a 2.5-figure ROAS, we are optimistic about achieving a net profit of $20,000 by December. The journey to success and financial growth continues, and we are excited for the opportunities that lie ahead.
A Successful Black Friday for the Business
Today's sales have been exceptional, with a substantial profit margin and strong revenue generation. The daily sales have reached an impressive $28,000 USD, with a current daily budget of $10,000 USD. This rapid growth is remarkable considering that just 44 days ago, we started with a budget of only around $200. The Black Friday/Cyber Monday weekend has been particularly lucrative, with total sales reaching $252,000. This outstanding performance demonstrates the effectiveness of our strategies and the potential for further growth. The profit margin of 35% and the total revenue of $105,000 this week showcase a successful and profitable period for the business. It has been an unexpected but incredible journey, and I am proud to share these exceptional results with you. As we reflect on this remarkable progress, it is clear that our efforts have paid off, and the future looks promising for the business. I want to express my gratitude to everyone who has been a part of this journey, and I look forward to even greater success in the future.
Achieving Success and Setting Higher Goals
It's Black Friday, and this month we're seeing amazing progress with around 596,000 in sales. It's incredible to think that these results are from my own hard work and dedication. Unlike other YouTube experts trying to promote their courses, my numbers surpass theirs. This realization confirms that we're making significant strides. Let me share the sales figures from last month, October, which amounted to 32,000. We initiated scaling around the 22nd of October, and it's been approximately 40 days since then. It's important for you to understand that with the right knowledge and mindset, you can achieve your goals and dreams faster than you think. Our major challenges have been funding and inventory stock, but we're determined to reach seven figures by the year's end. Initially, my goal a year ago was to achieve 100K in revenue by 2023, but now we've exceeded that by 10 times. I'm thrilled to be close to fulfilling my dream of taking my parents on a trip to Hawaii. The journey has been exhilarating, especially in the last week as you've seen. This is just the beginning. Next year, we're setting our sights on reaching seven to eight figures. Dream big and believe in yourself. Remember, with the right mindset and faith in God, anyone can become a successful entrepreneur, generating multi six to eight figures. This is Paul, and I truly appreciate you watching my video till the end. Stay tuned for more exciting content. Believe in yourself, because anything is possible. Peace.
Conclusion:
The journey of this entrepreneur from $1k to $100k a week in just 44 days showcases the potential for success in e-commerce. It's a story of dedication, perseverance, and the belief that anything is achievable. Aspiring entrepreneurs can find inspiration and valuable insights in this remarkable journey of scaling up a dropshipping business.