I gained 10 years of wisdom in the last 6 months of my life
I got to reflect on many things, like my business, how to partner in business, my life goals...
But I missed documenting on X because I genuinely want to connect with ecom guys
So I'll be sharing parts of my journey
Always focus on Step 1 in e-commerce.
You should never try to skip the steps that are in front of you.
Always focus on the next step you need to tackle in order to go the next step.
Even if that hurts your ego.
I just learned the most important lesson in ecom
You must have these 3 pillars to succeed:
- Great Offer
- Great Ads
- Great Unit Economics
If one of these pillars is failing, the business will fail
If all 3 are great, you are guaranteed to succeed in this business
That's what I was thinking too.
Dropshipping itself is great.
But if you can couple it with a recurring type of product, that's where the real money is
The real money in ecom is in the backend
If all your profits come from new customers, your business isnโt built to last.
Most stores break even on the first sale or even take a small loss. The real profits come from upsells, repeat buyers, and backend marketing.
No email marketing, no retargeting, no upsells = money left on the table.
A customer who buys twice is worth 5x more than a one-time buyer. If youโre not maximizing lifetime value, youโre hustling for scraps.
The real money in ecom is in the backend
If all your profits come from new customers, your business isnโt built to last.
Most stores break even on the first sale or even take a small loss. The real profits come from upsells, repeat buyers, and backend marketing.
No email marketing, no retargeting, no upsells = money left on the table.
A customer who buys twice is worth 5x more than a one-time buyer. If youโre not maximizing lifetime value, youโre hustling for scraps.
@BenFacciani1 bro you genuinely inspired me to also document my ecom journey here and on youtube.
i personally relate exactly because you're in the trenches and on your way to success right now just like I am
We're in this together ๐ช๐พ
Lost almost $300 on our last store but I'm happy about it lol
Cause dropshipping is one of the only business where you lose some to get some
Excited to apply what i learned for the new store we're launching tonight