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Hack Forums General Topics World Bragging Rights › Shopify Store Progress [Started Feb 16th] $11624.12 Total Sales

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Shopify Store Progress [Started Feb 16th] $11624.12 Total Sales
Xeriant
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Mar 2, 2018 10:24 PM (This post was last modified: Apr 3, 2018 01:50 PM by Xeriant.)
I started this store on February 16th and I've seen some pretty consistent growth so far. I only advertise on Facebook currently. Overall I've very new at this so I will not be answering many questions.

How much of this is profit?
Profit ~= 1/2(Gross Sales) - Advertising cost

Update 3/31 - 4/3
[Image: 48997b865eba6625736f2c1a63ddb361.png]
[Image: e00d92920eff90118b5515d50c052f19.png]

Update 3/31/18 - $11624.12 Total Sales
Spoiler (Click to View)

First 4 Weeks of Sales (3/14/18)
Spoiler (Click to View)

Current Total Sales (3/11/18): $5493.43
Spoiler (Click to View)

Daily Sales 3/11/18 - $1083.06 - Ad Cost $167
Spoiler (Click to View)

Daily Sales 3/10/18 - $736.33 - Ad Cost $129
Spoiler (Click to View)

Ad performance 3/11/18
Spoiler (Click to View)

Performance for the last 5 days (3/9 - 3/13)
Spoiler (Click to View)

I will try and update this thread whenever I get a chance as well as make it look slightly more appealing.

Thanks,
Xeriant.

Original Thread:
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Popstar
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Mar 2, 2018 10:30 PM
Well here's a question you can probably answer.

You can spend all your money on Facebook and insta ads, but how do you really get the customers in? What's the secret past just buying ads? Obviously, having a good profitable niche. But what else? I feel like I'm missing something.
Xeriant
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Mar 2, 2018 10:51 PM
(Mar 2, 2018 10:30 PM)Popstar Wrote:  Well here's a question you can probably answer.

You can spend all your money on Facebook and insta ads, but how do you really get the customers in? What's the secret past just buying ads? Obviously, having a good profitable niche. But what else? I feel like I'm missing something.
What's wrong with just buying ads? Spending $70 on ads to make $200 (pre ads) seems fine to me.
Also from the ads I've gotta 400 email subscribers that I send newsletters out to every other day.
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Mar 3, 2018 12:09 AM
(Mar 2, 2018 10:24 PM)Xeriant Wrote:  This is my first store on Shopify that I started 14 days ago. I've been experimenting my way through this and I've just had my highest grossing day so far. Right now I'm focusing on getting enough data on my pixel so that my retargetting campaigns are successful. All current advertising is on a custom audience with no retargetting as of yet. I have a lot of abandoned cart mechanisms in place as well.

Today's Ad Spendings:
[Image: 07e63f769195a7682e8cedf933eb2f07.png]

Today's Sales:
[Image: 32c2f0528c9d1dfccd840df2843fe8e0.png]

Actual Profit after Paying for Items:
[Image: c6e1fe0d7d3580cd84ffe46583f5a028.png]

Probably won't be able to answer many questions, I'm pretty new to this myself.

i dont know anything about pixel but thats all the money you spent that day to make $450?
offering private mentorships cheap. message me on here
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Mar 3, 2018 12:13 AM
Is that FB ads or google ads? Looks like google
Xeriant
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Mar 3, 2018 12:51 AM
(Mar 3, 2018 12:13 AM)thales Wrote:  Is that FB ads or google ads? Looks like google
They are Facebook ads.
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Mar 3, 2018 12:52 AM
(Mar 3, 2018 12:51 AM)Xeriant Wrote:  They are Facebook ads.
Figures :P

good work!
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Mar 3, 2018 04:40 AM (This post was last modified: Mar 3, 2018 04:41 AM by Popstar.)
(Mar 2, 2018 10:51 PM)Xeriant Wrote:  What's wrong with just buying ads? Spending $70 on ads to make $200 (pre ads) seems fine to me.
Also from the ads I've gotta 400 email subscribers that I send newsletters out to every other day.

Nothing's wrong with it. I just feel like no matter how many ads I buy I can't make the sales lol. Was just asking for a deeper understanding of it. Congrats tho man keep up the good work
๖ۣۜDєviαиcєtђ™
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Mar 3, 2018 05:59 AM
Damn, adcosts are fairly high imo, but you’re making a profit.

Long term it will payout even more
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Mar 3, 2018 06:11 AM
Congratulations! Keep working! You had a good profit ;)
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Mar 3, 2018 06:12 AM
Congratulations! Keep working! You had a good profit ;)
Xeriant
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Mar 3, 2018 09:18 AM
(Mar 3, 2018 05:59 AM)๖ۣۜDєviαиcєtђ™ Wrote:  Damn, adcosts are fairly high imo, but you’re making a profit.

Long term it will payout even more
Yeah, I'm experimenting with what works. I could have gotten nearly all my sales without one of my ads (The first one) dropping my advertising cost to $50. I'm actively reconfiguring my ads and their budgets to try and get the best return on the ads.
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Mar 3, 2018 10:29 AM
(Mar 3, 2018 09:18 AM)Xeriant Wrote:  Yeah, I'm experimenting with what works. I could have gotten nearly all my sales without one of my ads (The first one) dropping my advertising cost to $50. I'm actively reconfiguring my ads and their budgets to try and get the best return on the ads.

As far as I know, Oberlo does not take the shipping into consideration for the profit.

If you are doing free shipping then you're losing money.
Xeriant
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Mar 3, 2018 10:43 AM (This post was last modified: Mar 3, 2018 10:52 AM by Xeriant.)
(Mar 3, 2018 10:29 AM)Enzio Wrote:  As far as I know, Oberlo does not take the shipping into consideration for the profit.

If you are doing free shipping then you're losing money.
They do take cost of shipping into consideration regarding profit.

Update (3/3/18 as of 11:51 AM)
[Image: 0a5c2a1138a6bac73474e8beeeb40ae3.png]
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Mar 3, 2018 02:26 PM
(Mar 3, 2018 10:43 AM)Xeriant Wrote:  They do take cost of shipping into consideration regarding profit.

Update (3/3/18 as of 11:51 AM)
[Image: 0a5c2a1138a6bac73474e8beeeb40ae3.png]

You're right they do.

Your conversion rate is good but it could better. More than half of people are leaving without buying once they reach the checkout.
The Add To Cart/Checkout ratio is good so there is something on the checkout page so give it a look.
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