so this happened what is up guys I wish you here and in this video I'm
gonna talk about my two-month update if you show me five drop shipping as you
can see in the intro my store went to two thousand dollars per day pretty
quickly like in less than two months and then it went down to zero so I want to
talk about the main mistakes that I've made so what has caused it and how you
can avoid those mistakes as well so the main reason my revenue has gone to zero
is because my product started up to die out and also because I've experienced to
PayPal limitations in the first two months of Shopify drop shipping so those
two limitations they had they have like really held me back because I had to
deal with those issues I couldn't scale and also the second
problem was that the products like weave drop shipping products naturally died
out some products you can sell for a few weeks
some maybe last one month and some a few months right but my products those are
pretty good those who are like five figure products but like low five
favorite products because as of now I've done almost for like around 35 K in the
last two months so yeah like those products died out and also the
limitation has really caused some issues I've talked previously about like the
problems with accountant and v80 so maybe I haven't really explained that
before but the thing is in the Czech Republic
once you hit 1 million Czech crowns in revenue which is 45 K you have to
register for v80 like your company has vit
and yeah like when when I realize that I'm gonna hit 45 K I started to panic or
I didn't know if I should maybe like scale down my story or or if I should
continue because I wasn't very I wasn't sure if I would pay v80 for all the
products that I sell to European Union but that has been solved now I've talked
my tax advisor at several times and it's confirmed
that in the Czech Republic when you do drop shipping you don't have to pay dat
tax so as products naturally die with Shopify drop shipping you have to keep
testing new products but because I was experiencing like paper limitation like
problems with accounting and v80 and stuff like that I didn't have enough
time to to do more product research and to launch new products because those are
pretty time-consuming for me like to launch one product it takes me around
one day so I wasn't I didn't had enough time to launch a new products so far
I've launched four so the first one was like doing the worldwide and this
product was a total fail I lost like $600 then there was two products which
which did pretty well like five figures each and then I did a fourth product I
tried out the scratch and scratch mat and I lost so much money I lost $600 in
the product it was kind of stupid because I was so confident that I'll be
able to make it work but the market told me that they're probably not interested
so that test didn't work and the last mistake a lot of entrepreneurs make is
they don't focus on their productivity on their systems and routines I didn't
have a morning routine like I was all over the place like sometimes I would
work all night sometimes our work maybe two hours and it was very inconsistent
because because of my work hours being inconsistent like sometimes I would work
a lot sometimes not at all of course my business is not gonna be
consistent so what I urge you to do is create the morning routine like a
structure on how you're gonna work maybe you can do like the 30 to 90 minute like
work Sprint's it's for example it's like Pomodoro Technique
it's a weary work for 25 minutes and then you have a five-minute break right
and this is this will help you to focus and do one task because I didn't focus
on my productivity and on my systems I wasn't I wasn't very productive like
sure I did a lot of work but I could have spent
the time like my work hours more effect more effectively so this is a big thing
guys that I'm focusing right now this is the productivity tech systemization for
everything like for my day for my work hours and also for my business I'm
creating like VA templates for product research for customer service and I'm
gonna outsource those to a VA which will save me more time and I can spend more
time like producing videos for you guys so since I've solved the PayPal
limitation I've solved the problems of accounting I've got another debit card I
have to debit cards for dropshipping I have also like systemized my bas and
everything and I'm gonna hire some das I think there's nothing holding me back
now like there's nothing so I I can just launch products and tests so yeah my
goal is to hit eight thousand dollars per day in my third month of Shopify
drop shipping which is essentially going from zero to eight K per day like within
a one within a one month period also the second goal is to hit 1000 subscribers
on this channel I'm gonna grow our family so yeah guys I'm gonna be posting
more videos more tutorials because lately I've been doing a lot of like
updates about my journey so I wanna give more value to you guys so you can learn
so I'm gonna be posting more videos and I'm also gonna be way more active in my
Facebook group which is called econ squad I'm gonna give their like some
spreadsheets and cheat sheets and a lot of stuff that out there is not gonna be
available on this YouTube channel so I highly urge you to go down subscribe to
my channel and also join my facebook group where I will be dropping valley
bonds