Mar 5, 2019 08:35 PM
(This post was last modified: Mar 31, 2019 11:40 PM by Xeriant.)
Update for the entire month of march,
Update March 1st through the 14th:
I've posted a bit about my Shopify store in the past, here's another update.
Shopify Analytics
Facebook Ad Analytics
SMS Campaign Analytics
Profit breakdown:
Total Sales: $12,529.65
Total Advertising Costs(FB Ads, SMS Campaigns): $1,306.63 + $122.87 + $245.96 = $1675.46
Total Cost of Goods: $5,145.16 (~41% of Gross Sales)
Total Profit: $12,529.65 - $6,812.62
Total Profit = $5,717.03 (Minus around 3-4% transaction fees)
Total Sales for this store for those curious is around $325,000, started February of 2018.
![[Image: bfa3c0aec0b2e8f2fc24bd576f2c321f.png]](https://i.gyazo.com/bfa3c0aec0b2e8f2fc24bd576f2c321f.png)
May be able to answer a few basic questions.
Thanks,
Xeriant.
where do you advertise at? really impressive
Looks like you got a good product, those roas are crazy.
Mar 5, 2019 09:33 PM
(This post was last modified: Mar 5, 2019 09:34 PM by Xeriant.)
(Mar 5, 2019 09:29 PM)lavender. Wrote: where do you advertise at? really impressive I only advertise through Facebook Ads.
(Mar 5, 2019 09:32 PM)Defuse Wrote: Looks like you got a good product, those roas are crazy. I sell a few different products, around 3 would be considered my best sellers with everything else sold as upsells.
(Mar 5, 2019 09:33 PM)Xeriant Wrote: I only advertise through Facebook Ads.
I sell a few different products, around 3 would be considered my best sellers with everything else sold as upsells.
Same but I've never seen roas that high unless the drop shipper is pretty experienced, I started this month and got a few sales my ROAs float around 2-2.50. Not sure what a winner product is yet I've tested a few that have had lots of engagement but nothing that has blew up sales wise.
Good to see you're still in the game 🎉
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Wow congrats on your sales bro that is big
(Mar 5, 2019 09:37 PM)Defuse Wrote: Same but I've never seen roas that high unless the drop shipper is pretty experienced, I started this month and got a few sales my ROAs float around 2-2.50. Not sure what a winner product is yet I've tested a few that have had lots of engagement but nothing that has blew up sales wise. Yeah, I've been at it for over a year now, so I've learned quite a bit about dropshipping.
(Mar 5, 2019 09:38 PM)Enzio Wrote: Good to see you're still in the game 🎉 I'm in until Facebook finally hits one scandal too many and ad costs drive me outta business.
(Mar 5, 2019 09:41 PM)PerfectStorm Wrote: Wow congrats on your sales bro that is big Thanks, it's appreciated.
Mar 5, 2019 10:07 PM
(This post was last modified: Mar 5, 2019 10:09 PM by TITAN OF THE WEST.)
What are you selling that has a 45.6% profit margin after cost of goods sold and advertising expenses?
Also a 37.3% return consumer rate? Are you selling something that consistently needs replenished like a household cleaning item or something? That is extremely high for a consumer return rate on a shopify store.
(Mar 5, 2019 10:07 PM)TITAN OF THE WEST Wrote: What are you selling that has a 45.6% profit margin after cost of goods sold and advertising expenses?
Also a 37.3% return consumer rate? Are you selling something that consistently needs replenished like a household cleaning item or something? That is extremely high for a consumer return rate on a shopify store. Can't spill what it is specifically of course, but it's household goods. Cost of the goods are around $10 and I sell for around $22-$24.
High returning customer % is because of the SMS campaigns I run, see the 3rd image titled SMS Campaign Analytics. The returning customers are purchasing other items, my store does not sell goods that diminish over time.
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Seems like an OP method. Good job bro, good luck in the future too!
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Damn thats crazy I need to make a shopify store now for sure
Congratulations on your achievement man. That’s great!
Here's an update for March 1st through the 14th:
Are you drop shipping or are you purchasing in bulk and shipping manually.
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