@apsk32 Please continue to post updates to the chart! Although it seems this ‘cycle’ is far different from previous years, it’s still fascinating to see it compared to prior cycles. Anything is possible still…
Documenting Ecom Journey - Day 40
Been incredibly inactive. Not posted since Day 3. Actually ended up cutting Product 1, and testing Product 2, which I have now recently cut too due to unprofitability and not a good PMF (imo).
Now in the middle of finalising the store build for Product 3. Main competitor is getting 2m+ website visitors per month and growing in Q4 so a lot of interest for this product - just hope I can capture a small share of that audience.
I am aiming to be more structured with my Meta Ads testing. I will go into more detail when I actually start testing ads but I have trialled different structures for Prod 1 and Prod 2 and I feel as though I found one that works now.
Going to continue with statics only - for me I find them much faster and easier to create. Maybe that is limiting me but I know people running it up with statics only.
For now, I'm still creating ads tonight hoping to be done with them in the next couple days and then start testing by the weekend...
I will try to be more active with this product test and let you know how things go!
GL 🫡
Documenting ecom journey - Day 3
Ending the day with 5 sales which I’m really pleased with. Still loss making and working slightly below BEROAS so made some tweaks to my pdp including my bundle offer and slightly change to pricing.
Made some changes to ads by cutting some weaker performers and testing some new creatives. I’m hoping this will improve the ROAS as I’m slightly worried it’s underperforming.
I’m determined not to give up too quickly and keep tweaking until something works. At this moment, I still feel like I have no idea what I’m doing but I’ve learnt so much in one week.
Time to keep pushing.
#ecom #dropshipping
Documenting ecom journey - Day 2
Just launched my first store. Not profit making but really pleased to see some sales.
Will be making some small improvements to the pdp and may look at testing more ads.
So far, numbers have not shown anything impressive and its early days, but definitely learning a lot which is the main goal.
The £ has lost 46% of its value since 2006 meaning £100k today has the same purchasing power as £54k in 2006 🤣🤣🤣 we have been absolutely screwed as a generation
$Nvidia is worth 35,830,000 bitcoins today.
Not gonna fit. There's only 21 million bitcoins. Nvidia will go down in BTC terms.
$Apple is worth 26,000,000 bitcoins today.
Not gonna fit. There's only 21 million bitcoins. Nvidia will go down in BTC terms.
$Tesla is worth 8,251,000 million bitcoins today.
That fits. But do you really think $Tesla is worth 40% of all bitcoins? Nah. Tesla will go down in BTC terms.
Do you see?
There's only 21 million bitcoins. Always and forever. Everything has to fit inside.
Then you realize...
The Chinese Yuan is worth 377,285,009 BTC. Rekt.
The U.S. Dollar is worth 183,870,703 BTC. Rekt.
The Euro is worth 152,303,623 BTC. Rekt.
Everything is trending down in Bitcoin terms. Forever.
When I first made this post in October of 2024, Nvidia was worth 46,361,000 bitcoins, Apple was worth 55,246,000 bitcoins, and Tesla was worth 12,874,000 bitcoins.
That means since then...
Nvidia has declined by 23%
Apple has declined by 53%
Tesla has declined by 36%
This is happening as you read these words. Everything is getting repriced inside of Bitcoin's 21 million supply.
This means two things:
1) Everything is going down in BTC terms, because there is constantly new productivity being created, but there is a finite, fixed supply of BTC. The current amount of productivity *has to go down in BTC terms* to make room for the new productivity to be priced in BTC. The faster new productivity is created, the faster everything else trends down in BTC price.
2) If everything is going down in BTC terms, the inverse is also true: BTC is going up in value against everything else.
Is this actually true?
Well, ask yourself... has BTC outperformed everything else since it was created in 2009?
Well then.
The world is waking up to Bitcoin. This will make the California gold rush look like a neighborhood garage sale.
Everything is trending down in BTC terms, and BTC is going up in value, forever.
(Bonus: I created this video over two years ago. BTC is up over 500% since then...)
WAKE UP
@LeomathHeart I hope you continue with this thread, it’s really interesting to see where this will go when all is said and done! I’m sure we can expect a lot more - $120k is the floor haha.