This video is a lifesaver, I'm a 17-year-old kid looking to be my own boss. I don't want to spend 30 years of my life working a job that just gets me by. I want to be something in life and this video helps me get one step closer to that goal. Thanks bro means a lot.
“Dear Store Owner, I recently came across your website and I’m interested in sharing some valuable strategies to help your store thrive and boost its return on investment (ROI) by increasing its conversion rate. If this sounds appealing to you, I’d love to have a more detailed conversation. Best regards,”
@@bradley_kudayo bro i’m a 17 year old getting into dropshipping aswell, i’m trying to create a gc with a bunch of likeminded people in ecom so we can all share every bit of knowledge we learn so we can all grow together, would you be interested in joining?
I recently came across your website and I’m interested in sharing some valuable strategies to help your store thrive and boost its return on investment (ROI) by increasing its conversion rate. If this sounds appealing to you, I’d love to have a more detailed conversation.
Thanks for these suggestion. As the this video point out having good trending product to sell in the most important thing. My strategy is to use some product search tools (i am mostly using a little bit of winnerzila as source of my product, and it really help me because it saves me so much time. Lifetime deal deal is also great value). When i started last 2 years ago i didn't think that now i will have three online store with almost 100 sales per day on each. And the best thing is that i don't have to work a lot. It's like one hour perdayat almost
I like how this is a different angle from all other YT Dropshippers! Offer is so important. How do you dropship out of US warehouse or do you buy stock?
Hi. Thanks for the video. What do you consider cheap for the carousel advertising? I don't really have much of a budget for advertising but was going to probably use TikTok when I could, as I like how the TikTok ad manager generates ad videos for you. Also, what's your take on cold emailing as a perhaps cheaper way of reaching your target audience when starting off?
I'm a brand developer, and have always made great websites and products, but the two times I did try (when i was very low on funds and couldn't afford ads) nothing ever took. Likely product choice, early learning. But I've always wondered what someone like you and someone like me could build, given the money for ads and your skills behind the strategies. Maybe one day I'll find the right DS partner.
@@AustinRabin did you just hire someone from upwork? Even my high ticket shit gets overwhelming. Until I hired someone I had 300 unanswered emails and I was doing my best
Hi Austin, you are a huge inspiration! Congrats on this store, I am 14 and have been avidly trying to succeed for a year now. Have had break even products that weren’t worth scaling. I think this is because of extortionate product costs. How can I save on cogs? Thanks Austin . Great content again 🔥
Thanks for watching! Breaking even is actually a great place to be in the beginning. It's all about marginal improvements everywhere to turn your store profitable. Easiest way to decrease product cost is to give the supplier more orders for a pricing discount, or simply send out some quotes to other suppliers and negotiate the price down!
@Aveero, hey kid, how are you doing? I can see that you started your e-commerce business a year ago an you have not yet succeeded in the ecommerce journey, I can help you in scaling up your business and you will start earning nothing less than $5k monthly
hey man, great content. I know your example was back in 2021. Do you think the competition is greater now? Do you think anyone can achieve the same result now compared to 2021?
“Dear Store Owner, I recently came across your website and I’m interested in sharing some valuable strategies to help your store thrive and boost its return on investment (ROI) by increasing its conversion rate. If this sounds appealing to you, I’d love to have a more detailed conversation. Best regards,”
You might’ve mentioned this but I didn’t hear it. You spent around $109,000 on ads for this quarter but how much did you spend right off the bat? I’m assuming you were paying for the ads as you went. Basically I’m asking, does one need a load of funds upfront to see success similar to this? Thanks!
Amazing video! Thank you for this! What do you think about this? I started an ad a couple of months ago and conversion cost was $15 and now my conversion cost is $45 and going up everyday. What to do now? Duplicate campaign and restart with higher budget? 🤔 💗
check the frequency of the whole campaign. Once it hits 2 you usually start to see a decrease in conversion. Usually means fatigue is hitting and you'll need to refresh some campaigns.
@@AustinRabin I just checked it and it’s at a 2.6 now. I didn’t realize that meant it was being shown too often. It’s a carousel ad so I’ll have to find a way to mix it up. Thanks for your help! 💕
“Dear Store Owner, I recently came across your website and I’m interested in sharing some valuable strategies to help your store thrive and boost its return on investment (ROI) by increasing its conversion rate. If this sounds appealing to you, I’d love to have a more detailed conversation. Best regards,”
21% Profit Margin. Hmm in my country (Germany) i would also need to pay VAT Taxes on This (VAT Taxes = 20% on your Revenue not profit here) hmm. So i would need to pay 49K of Taxes... and when im Lucky would take 2k Profit home for selling worth of 243K. Thats a Joke :D ! Im Sure i have a thinking mistake here and in reality it would work different but when you work with a 15-30% Profit margin PRE TAXES and then they count you 20% Taxes on your full Revenue... WTF :D
VAT is charged on sales, not profits: VAT (Mehrwertsteuer in Germany) is added to the selling price of goods or services. It's not a tax on profits but on the value added at each stage of production or service provision. For example, if you're selling something worth €100 and the VAT rate is 20%, the buyer pays €120 (€100 + €20 VAT). The business collects the €120 but only keeps €100 (the net sale price) and remits the €20 to the tax authorities. Input VAT deduction: As a business, you can usually deduct the VAT you pay on purchases for your business from the VAT you collect on sales. This is called "Vorsteuerabzug" in German. For example, if you paid €50 for materials (including €10 VAT), you can deduct that €10 from the €20 VAT you owe on your sales. VAT doesn't directly impact profit margins: VAT is passed on to the customer, so it doesn’t directly reduce your profit margins. The 20% VAT isn't subtracted from your profits but from your revenue (collected from the customer). The profit margin is calculated from the net revenue, excluding VAT.
Yup! Go broader with you audiences 100M+. Make sure to actively watch your ad quality ranking metrics to make sure they all stay "above average". Have a great offer and landing page because the more conversions FB tracks the cheaper your traffic gets. Have HD and quality ads overall :)
Moved on to a better product with higher margins. Also, a bit of advertising fatigue it was shown to millions and the frequency was hard to control at that spend level.
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This video is a lifesaver, I'm a 17-year-old kid looking to be my own boss. I don't want to spend 30 years of my life working a job that just gets me by. I want to be something in life and this video helps me get one step closer to that goal. Thanks bro means a lot.
Let's get it! Hope everything helps and works out for you bro. Thanks for watching :)
@@AustinRabin still doing my efforts to make it work as real.
@@AustinRabinyo sup bro can you please help me get started
“Dear Store Owner,
I recently came across your website and I’m interested in sharing some valuable strategies to help your store thrive and boost its return on investment (ROI) by increasing its conversion rate. If this sounds appealing to you, I’d love to have a more detailed conversation.
Best regards,”
@@bradley_kudayo bro i’m a 17 year old getting into dropshipping aswell, i’m trying to create a gc with a bunch of likeminded people in ecom so we can all share every bit of knowledge we learn so we can all grow together, would you be interested in joining?
We would absolutely love for you to make more videos like this! Ton of value, Ton of inspiration You're a G!
I recently came across your website and I’m interested in sharing some valuable strategies to help your store thrive and boost its return on investment (ROI) by increasing its conversion rate. If this sounds appealing to you, I’d love to have a more detailed conversation.
Great video, we'd all love some more break down/ case study videos
Enjoyed the video, more like this please 🙏
You're a freak*** genius man!
Hahhaa you can say freaking don’t worry
Thanks for these suggestion. As the this video point out having good trending product to sell in the most important thing.
My strategy is to use some product search tools (i am mostly using a little bit of winnerzila as source of my product, and it really help me because it saves me so much time. Lifetime deal deal is also great value). When i started last 2 years ago i didn't think that now i will have three online store with almost 100 sales per day on each. And the best thing is that i don't have to work a lot. It's like one hour perdayat almost
I like how this is a different angle from all other YT Dropshippers! Offer is so important. How do you dropship out of US warehouse or do you buy stock?
Hi. Thanks for the video. What do you consider cheap for the carousel advertising? I don't really have much of a budget for advertising but was going to probably use TikTok when I could, as I like how the TikTok ad manager generates ad videos for you. Also, what's your take on cold emailing as a perhaps cheaper way of reaching your target audience when starting off?
I'm a brand developer, and have always made great websites and products, but the two times I did try (when i was very low on funds and couldn't afford ads) nothing ever took. Likely product choice, early learning. But I've always wondered what someone like you and someone like me could build, given the money for ads and your skills behind the strategies.
Maybe one day I'll find the right DS partner.
This is so crazy to me. Low ticket items make you $50k in 3 months. Insane.
low ticket way underrated. But, high volume means you have to make sure customer service is in place.
@@AustinRabin did you just hire someone from upwork? Even my high ticket shit gets overwhelming. Until I hired someone I had 300 unanswered emails and I was doing my best
Hi Austin, you are a huge inspiration! Congrats on this store, I am 14 and have been avidly trying to succeed for a year now. Have had break even products that weren’t worth scaling. I think this is because of extortionate product costs. How can I save on cogs? Thanks Austin . Great content again 🔥
Thanks for watching! Breaking even is actually a great place to be in the beginning. It's all about marginal improvements everywhere to turn your store profitable. Easiest way to decrease product cost is to give the supplier more orders for a pricing discount, or simply send out some quotes to other suppliers and negotiate the price down!
@Aveero, hey kid, how are you doing?
I can see that you started your e-commerce business a year ago an you have not yet succeeded in the ecommerce journey, I can help you in scaling up your business and you will start earning nothing less than $5k monthly
@@TheSaturnTeam are you a shopowner aswell ?
Beautiful content please keep it up man..how many ad campaigns did u run though?💪❤️
Thank you! Great question. That ad account had over 4,000 campaigns total haha hard to say for those 3 months specifically. Lot's of testing!
@ThompsonThomasville struggling with sales
hey man, great content. I know your example was back in 2021. Do you think the competition is greater now? Do you think anyone can achieve the same result now compared to 2021?
This is why I’ve been going the organic route first because I don’t have that much to put into adspend rn 😂😂😂 any tips?
Hi Austin, very nice video as always, i noticed you have $2-$3 CPM's, mine is around $15. How did you lower it that much ? Thanks for the huge value
Hey Austin, Can you make a video of what a good Shopify store should look like?
Coming up real soon!
Nice 🙌🙌
“Dear Store Owner,
I recently came across your website and I’m interested in sharing some valuable strategies to help your store thrive and boost its return on investment (ROI) by increasing its conversion rate. If this sounds appealing to you, I’d love to have a more detailed conversation.
Best regards,”
You didn’t calculate taxes?
Did you get a-lot of chargebacks and complaints for product quality?
Are you not paying VAT/Taxes? If I calculate this in my market it leaves me with a profit of 2900USD (Before refunds etc.).
You might’ve mentioned this but I didn’t hear it. You spent around $109,000 on ads for this quarter but how much did you spend right off the bat? I’m assuming you were paying for the ads as you went. Basically I’m asking, does one need a load of funds upfront to see success similar to this? Thanks!
I have the same question
Amazing video! Thank you for this! What do you think about this? I started an ad a couple of months ago and conversion cost was $15 and now my conversion cost is $45 and going up everyday. What to do now? Duplicate campaign and restart with higher budget? 🤔 💗
check the frequency of the whole campaign. Once it hits 2 you usually start to see a decrease in conversion. Usually means fatigue is hitting and you'll need to refresh some campaigns.
@@AustinRabin Awesome! Thank you so much!
@@AustinRabin I just checked it and it’s at a 2.6 now. I didn’t realize that meant it was being shown too often. It’s a carousel ad so I’ll have to find a way to mix it up. Thanks for your help! 💕
“Dear Store Owner,
I recently came across your website and I’m interested in sharing some valuable strategies to help your store thrive and boost its return on investment (ROI) by increasing its conversion rate. If this sounds appealing to you, I’d love to have a more detailed conversation.
Best regards,”
do comments and likes on facebook disappear on the ads when we try to change hooks, color, image etc, if our ads get fatigued?
yeah, if you change anything about the creative they will not be able to duplicate comments and likes.
@@AustinRabin so is it worth it changing creatives when ads got fatigued?
21% Profit Margin. Hmm in my country (Germany) i would also need to pay VAT Taxes on This (VAT Taxes = 20% on your Revenue not profit here) hmm. So i would need to pay 49K of Taxes... and when im Lucky would take 2k Profit home for selling worth of 243K. Thats a Joke :D ! Im Sure i have a thinking mistake here and in reality it would work different but when you work with a 15-30% Profit margin PRE TAXES and then they count you 20% Taxes on your full Revenue... WTF :D
VAT is charged on sales, not profits: VAT (Mehrwertsteuer in Germany) is added to the selling price of goods or services. It's not a tax on profits but on the value added at each stage of production or service provision. For example, if you're selling something worth €100 and the VAT rate is 20%, the buyer pays €120 (€100 + €20 VAT). The business collects the €120 but only keeps €100 (the net sale price) and remits the €20 to the tax authorities.
Input VAT deduction: As a business, you can usually deduct the VAT you pay on purchases for your business from the VAT you collect on sales. This is called "Vorsteuerabzug" in German. For example, if you paid €50 for materials (including €10 VAT), you can deduct that €10 from the €20 VAT you owe on your sales.
VAT doesn't directly impact profit margins: VAT is passed on to the customer, so it doesn’t directly reduce your profit margins. The 20% VAT isn't subtracted from your profits but from your revenue (collected from the customer). The profit margin is calculated from the net revenue, excluding VAT.
Great video. Any way to post the url of that store? Thank you
Thanks! Store isn't live and I'm also talking to a broker about selling it so I can't. But, I'll be working on future project that will be public!
Can you breakdown the website?
Wht was the initial capital that u had
I’ve never achieved a CPM as low as that. Do you have any advice?
Yup! Go broader with you audiences 100M+. Make sure to actively watch your ad quality ranking metrics to make sure they all stay "above average". Have a great offer and landing page because the more conversions FB tracks the cheaper your traffic gets. Have HD and quality ads overall :)
...and then comes taxes :D
2 years ago lol
Why did you stop selling that product if it is an evergreen ?
Moved on to a better product with higher margins. Also, a bit of advertising fatigue it was shown to millions and the frequency was hard to control at that spend level.
Thank you so much, I’d love to see more case studies🫶🏼