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$1,000 to a 6 Figure Side Hustle in 12 months
$30 - Shopify
$30- Logo
$500 product (100 units x $5)
$115 shipping
$250 Instagram shoutouts
$75 product photos
= $1,000
100 units x $65 sale price
After discounts & giveaways
Avg sale $49 x 100
Sales = $4,900
Time = 2 months
$30 - Shopify
$30- Logo
$500 product (100 units x $5)
$115 shipping
$250 Instagram shoutouts
$75 product photos
= $1,000
100 units x $65 sale price
After discounts & giveaways
Avg sale $49 x 100
Sales = $4,900
Time = 2 months
Reup & Repeat
$2,000 product (400 units x $5)
$400 shipping
$1,000 IG shoutouts / FB ads
$150 product photos
$150 Shopify + aps
Spent = $3,700 (Keep other $1200)
After discounts & giveaway
400 units x $53 avg sale price
$21,200
Time = 2 months
http://gumroad.com/l/RHFMR
$2,000 product (400 units x $5)
$400 shipping
$1,000 IG shoutouts / FB ads
$150 product photos
$150 Shopify + aps
Spent = $3,700 (Keep other $1200)
After discounts & giveaway
400 units x $53 avg sale price
$21,200
Time = 2 months
http://gumroad.com/l/RHFMR
4 months in
Spent = $4,800
Sales = $26,100
Keep in mind you’ll have to pay taxes but your customers pay sales taxes for most sales, to keep this simple, we aren’t going to calculate taxes and Shopify fees per sale
Anyway... let’s keep going
x
http://gumroad.com/l/RHFMR
Spent = $4,800
Sales = $26,100
Keep in mind you’ll have to pay taxes but your customers pay sales taxes for most sales, to keep this simple, we aren’t going to calculate taxes and Shopify fees per sale
Anyway... let’s keep going
xhttp://gumroad.com/l/RHFMR
After 4 months, it’s time to ad new products, this is where you bank on repeat customers
For my company repeat customers are around 30%
(Almost every third order comes from someone who’s already purchased before)
Also, more $ for photos since your Instagram is growing fast
For my company repeat customers are around 30%
(Almost every third order comes from someone who’s already purchased before)
Also, more $ for photos since your Instagram is growing fast
Next flip
$7,000 product (1,400 units x $5)
$800 shipping
$250 Shopify
$500 photos
$5,500 instagram shoutouts/ FB ads/Affiliates
Spent $14,050
After discounts & giveaways
Avg price of sale $54 x 1400 units
Sales $75,600
Time spent 4 months
http://gumroad.com/l/RHFMR
$7,000 product (1,400 units x $5)
$800 shipping
$250 Shopify
$500 photos
$5,500 instagram shoutouts/ FB ads/Affiliates
Spent $14,050
After discounts & giveaways
Avg price of sale $54 x 1400 units
Sales $75,600
Time spent 4 months
http://gumroad.com/l/RHFMR
You are now 8 months in
Spent = $18,750
Sales = $101,700
W/ the $ you spent on IG you now have a very strong following, few thousand loyal customers/fans
Your next 4 months are about preparing for major holiday sales
Weekly sales & give always + Black Friday / Cyber Monday
Spent = $18,750
Sales = $101,700
W/ the $ you spent on IG you now have a very strong following, few thousand loyal customers/fans
Your next 4 months are about preparing for major holiday sales
Weekly sales & give always + Black Friday / Cyber Monday
Now you need your products to be better, at point your rep and word of mouth is more important than paying less for product, time to step it up.
A strong product is marketing in itself
Your product cost is now $8 +
You now have better packaging
A strong product is marketing in itself
Your product cost is now $8 +
You now have better packaging
Next flip
$22,000 product ( 2750 units x $8)
$1500 shipping
$5,000 IG shoutouts / Facebook ads
$300 Shopify
$500 photography
Spent $29,300
After MAJOR HOLIDAY DISCOUNTS buy one get one free / 40% off / 50% off / 60% off
2,750 units x avg sale price $22
Sales = $60,500
$22,000 product ( 2750 units x $8)
$1500 shipping
$5,000 IG shoutouts / Facebook ads
$300 Shopify
$500 photography
Spent $29,300
After MAJOR HOLIDAY DISCOUNTS buy one get one free / 40% off / 50% off / 60% off
2,750 units x avg sale price $22
Sales = $60,500
Your first year is complete
Spent = $48,050
Sales = $162,000
Now you prepare for tax season
Most can’t pull this off because they will spend their time at the bar, on Netflix, chasing sex and spending their profits to impress others
I did, so can you
http://gumroad.com/l/RHFMR
Spent = $48,050
Sales = $162,000
Now you prepare for tax season
Most can’t pull this off because they will spend their time at the bar, on Netflix, chasing sex and spending their profits to impress others
I did, so can you
http://gumroad.com/l/RHFMR
