How I Make Millions Selling on Shopify
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- Опубликовано: 1 июл 2024
- I've been selling on Shopify for the last 4 years with a variety of brands. This year our business is estimated to do £5,000,000 in sales. In this video I breakdown the entire business model and lessons I've learnt in making this a profitable enterprise.
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Who am I?
My name is James Sinclair and I'm the founder and CEO of The Partyman Group of Companies. I started building my business when I was just 16 as a family entertainer after that I built up an entertainment agency, then moved into building a leisure and day nursery businesses. Today we operate a £30 million business which includes leisure, childcare, outdoor attractions, commercial property, arts and crafts manufacturing as well as one of the UK’s oldest Ice cream companies; The Rossi Ice Cream Company.
⌚️Timestamps:
00:00 Selling on Shopify
00:19 The products I sell
00:38 Why Shopify?
01:43 Mistakes with Shopify & lessons learnt
03:04 Buying Businesses
04:35 Importing Products to sell
05:06 Shopify business model explained
06:28 Managing stock and Cash flow
07:48 Business Models
08:15 Getting Shopify customers
11:58 The best advice for entrepreneurs
#businessowner #shopify #entrepreneur
Mr. Sinclair comes across as an honest individual, openly sharing business details. Perhaps his content lacks popularity because it's grounded in reality, focused on long-term plans, in contrast to the allure of "get rich in 7 days" videos that easily garner millions of views.
The most honest review of actually running a proper business through shopify I’ve watched to date. 👏 top stuff James
It’s so refreshing to see a YT entrepreneur being so transparent and openly discussing their own figures and being so willing to share the secrets of their success.
He’s probably one of like 3 no BS business RUclipsrs and incredibly valuable videos 🙌🙌
@@sam_packer8968who would you consider the other 2?
How is he being transparent 😂5 million in revenue doesn't mean anything 😂do the companies make profit? Highly doubt it if he's making youtube videos for extra income 😂 most likely makes money selling courses to morons
No he just gave an overview in this. A very good overview but No various excelsheet data's.
It's a breeze of fresh air every time you upload a new video. Great content as always!!
Great timing, I have been considering how to do online sales for an upcoming physical location business. Thanks again James.
Sir you are a business genius with clear vision and drive! I aspire to be like you when it comes to business
One of your best videos! I have often thought about starting an ecommerce business but never had the know how. You've given me some great ideas here. Thank you.
Great breakdown on the Shopify business model! For entrepreneurs looking to scale, integrating a CRM with Shopify can automate follow-ups and personalize customer interactions, increasing lifetime value per customer
Great video, love the way you put things up.
Brilliant as always Jim 👍
Great video James! This must be a first for RUclips, a clickbait thumbnail with actual valuable information
Keep up the good work 😊
As a small business owner on the high street, this gives a new direction to follow with the basic information given
Great insightful video hope you’re well and having a good Easter
Great video James, I've been using Shopify for over a decade and you've nailed it in terms of things to focus on. One thing I'd add is using split testing tools to optimise product pages / conversion rate over time. Small tweaks can make a massive difference. Keep up the good work 👍
W'all aim for consistent sales on our dropshipping business sometimes fail on how to get it achieved untill you got knowledge on dropshiping
good vid, well done. thanks for tips
I've definitely subscribed! All terrific key points, especially 'where's the bleeding phone number'! This drives me crazy with websites.
This is the RUclips channel to follow to be a small business owner
Brilliant, thank you.
Brilliant video 🙏
Outstanding video and ideas sharing.
Love seeing videos on an English business! Great work as usual boys!
Agreed, I’m a Brit living in the US and it’s great to see this sort of content coming from a successful British entrepreneur
Fantastic! Can you please create a video on tools you use for e-commerce?
Great video! - would you go into more detail about how you approached market fit and built up the waiting list? 6:35
Yes! More Shopify content please. I'd love a deep dive on KPIs.
Did you want traffic in your store or clue on getting sales on dropshiping business.? quality not quantity
Hello, How are you doing, It seen that you love this shopify content, I also like it as a shopify store Owner and How is your store Now
amazing vid
Wholesale and direct sale , I am thinking of the style of business . What is the value of a wholesaler, a producer is able to squeeze a wholesaler. How protect your business?
Will done James
I checked your website design not great but amazing traffic almost 100k one month tragic
Well done 👍
Fantastic video in every respect 🙌 not least of which is the amount of kick ass, real world information you squeezed into a 12 minute video! You Rock Sir! 🤘😎
Agreed. There’s no waffle or filler, he pumps out some really informative content.
@@benjohnsmith78 Word 🫡
I’ve been doing e-commerce for 25 years and annoyingly James has nailed it in 4! These are the main beats to have a proper 7 or 8 figure e-commerce business - critically having the supply of your own brand goods is what makes the difference. Other key concepts of note: Google Shopping ads in particular for UK, selling into Europe (relatively easy even after Brexit), email and automation of email, great product photography (one are I think James stuff can work harder).
Oh yeah, we certainly need to work harder on photography. And make our websites better. Having 27 of them is the challenge. ( across all my companies ) we’re on course to bolster the team to get gem world class.
Selling into Europe has been a stumbling block for me. Any advice?
@abdikaka10 I also face the same Issue on my Shopify store too but I later found someone who help me with it, if you are available I can link you to the expert
This type of guy is why I watch youtube
The problem I have is, I have a wholesale and direct to consumer business however I cannot afford an ad budget, we have supplied the bbc, ITV, TV studios everywhere but we cannot turn enough over to set money aside for an ad budget, this then in turn reduces our income as we are not marketing, chicken and the egg situation
Hey James. Can you make a video on how to start a business? Specially when you don’t have a lot of money to start.
I’m on Shopify and do a decent amount but they are far from perfect. The costs really do add up. For example, they take 1.6%+20p of all sales via shop pay, they’re headquartered in Canada so have funny rules about what you can and can’t sell, even if the product is completely legal in the UK and the monthly app subscriptions really do add up, such as apps for discounts, cookies, seo, product reviews, connections to eBay and Amazon etc.
Another really important thing you forgot to mention is a mailing list. These are relatively cheap and convert really well. £200 for 50,000 emails is my current rate I think.
Keep up the great content
🆒 from we should buy the email lists 😮
Yes whwre to buy
@@healthccar9033you don’t buy email lists… you earn them and build them - don’t be a scammer spammer.
Love your content, are you able to make a post explaining why you decided to create a personal brand when you have all these other businesses?
Simple.
1, I love making videos and speaking at conferences.
2, I believe personal brand opens more doors for my business than networking 121. You wouldn’t believe how many opportunities pile in to my inbox since doing this
3, I have 1200 staff that can see what we believe and what we’re up to from a HQ POV.
@@JamesSinclairEntrepreneur Love it, I ask because I’m considering doing the same thing I just never knew if it’s something I should invest time into.
I would caveat it’s a 7 year journey
No way, i used to do collections for Teddy Tastic when i worked for DPD. Now i’m running my own e-commerce
James! Great vid, but Party Pieces needs more info on the website.
Even after Brexit, we've kept the Electronic Commerce Regulations. That means a vendor (you), is required to display in an easierly accessible location on the website - Business or trading name, address, email address, companies number on Companies House, and VAT number.
I found the VAT, email and possibly the trading name for PP. But its copyrighted Teddy Tastic, which is really confusing. And no sign of the address or companies house info.
Teddy tastic has address, VAT, but no sign of email or Companies House info.
Might want to get your ecommerce manager to look at that 👍👍 I may be totally wrong (wouldn't be the first time) but that's my understanding for all ecommerce website.
The best magic shows are the ones that reveal how it’s done! 👍
good video
cheers
I've been doing Shopify for four years. I have a business I'd love to talk to you about. I'm a Facebook ad pro and have consistently more then quadrupled my adspend for the past four years.
ROAS 4.2+
I wish I had the Entrepreneurial gene 🧬
I run a business too on Shopify. I got a great product and do ok but I CANNOT get eyeballs using Facebook ads they never work 😢any ideas ??
Google ads. Then you use meta for re targeting.
Most people will be excited until they get to number 5. But I guess that's why most (including me) fail to make millions.
biggest issues are always marketing getting product in front of people
That is not an issue there are marketing plan you need to implement before getting sales
This is a brilliant video. I have a youtube channel and i'm selling merchandise, i'm trying to increase my e-commerce skills at the moment to sell more stuff. Very glad i found this channel.
Will be making my way through the rest of your vids now James. 🔥
Hello. Sir
I am from India and i am a exporter of Indian products
I am searching buyers
I want to talk with you
Where do you get the energy?!
Easy when you're passionate about a product or service
Money drives the energy
@@alankeane4059 helps but the money isn't always good for the first few years so it has to be passion based
When the money is rolling in by the hundreds of thousands the energy is like a drug, keeps you going and wanting more
@@billy12333 don't kid yourself, it can take many many many years for a business to achieve that
That site i find so confusing myself
But I found it quite interesting, Should I share you few tips to ease things out for you? I would be glad to
You where already rich to aquire the products in the warehouse for drop shipping
Personally I wouldn't use shopify. Instead build a digital media agency starting off with a few developers and use that company for all your tech. Build up the company to several people and not just use it for your own companies but use it for other companies too. Before you know it it could be worth a few million sounds easy
Why don’t you do it?
I've seen this done. Also keeps the money coming in if your business isn't doing so well.
Good morning Campers.
Can you help me I need a job
It's a bit hard to get real help lately, I was once in your current position, But i thank God things are getting better, Can we link up let's share tips, and become successful together
In short, Shopify it is.
Those websites are pretty terrible. Especially the sand one. I do this for a living. They could be a lot better
I absolutely agree. Give me a year and they’ll be better. I have 27 websites to manage and we will make them better.
Thanks for your positivity and support.
To your continued success.
Wasn’t meant to be negative. Just thought they might be better. Partypieces is pretty good but doesn’t have Shopify 1 page checkout. Which is weird and probably lowering your conversion rate
@@JamesSinclairEntrepreneurjust started working with Vendo digital for a new website - can highly recommend
'Make' millions a year on Shopify? Very rare that. Based on £5million turnover, surely millions are not then 'made' in profit??? The title seems misleading, sorry
It’s the revenues I am putting through Shopify. To make 5m; based on the margin I am doing and taking overhead in to account. I would need to do 35m in revenue to make 5m in profit.
For clarity I do make profit videos on the channel, if it’s about profit I will always say if it’s profit. This video is how to get scale and turnover so you have a chance of making a profit, with 700 videos on the channel you’ll find videos on profits too.
Yep, i get it, so you don't 'make millions' on Shopify, the title says you do. @@JamesSinclairEntrepreneur
He seems like an actor or presenter not a business man
Presenting your message to bring people with you. Super skillset of entrepreneurship. Thanks for the compliment.
( see Steve Jobbs present an Apple product launch )
too many lies on youtube
I am telling you, It's hard to tell what's real and what is not
Where