is your goal to hit $1,000 per day well in this video I'm gonna share my
personal experiences with making one to two thousand dollars per day
with Shopify dropshipping what is up you guys
my name is Ivey soo and in this video I want to share my personal experience
with doing one to two thousand dollars per day with Shopify dropshipping so
first things first let's talk about the PayPal situation so what happened was I
added another user on my PayPal account and because of the volume of orders and
the daily revenue they had to review everything so they had to review all the
documents and verifications of our person and after that has been verified
they immediately unlimited my account and I was I was like so nervous I was
calling PayPal like I don't know like oh like five or six times that day and yeah
it was very stressful but everything is fine now my account is no longer limited
but I still expect that PayPal will pretty soon they will limit my account
I think they'll hold maybe ten to thirty percent of my of my money on PayPal but
that's so define I'm expecting I'm expecting that and I'm preparing for
that enough with the updates let's talk about
my personal experience with doing one to two thousand dollars per day with
Shopify dropshipping so in the beginning stages when I launched my first product
I was pretty nervous because I was testing I product with one hundred
dollars per day and there was some something completely new like I have
never spent I consistently like 100 dollars per day and yeah I couldn't I
kind of couldn't sleep and after after I have worked with my first coach I found
in the second one and yet he had more aggressive strategies so with his with
his method I had to do $200 even more per day when testing a product so when I
started with that I was it was like completely out of my comfort zone I
think - 200 three hundred dollars per day on adspend
there's quite a lot of money so I just couldn't I couldn't kind of sleep at
night I would always have to go on my phone and I check the stats like how
much money am I making so yeah that was in the beginning but once once I was
spending three hundred dollars per day for a few days and I was getting like
decent sales I was probably like breaking even maybe losing like ten
dollars or like a little bit of money that was completely fine and after like
I got used to it I I just like increase my ad spend more and more like to 500 to
700 even to $1,000 per day at spent as well and yeah like whenever whenever I
increase my ad spend like by 200 or 300 dollars per day I would just that day I
just I just couldn't sleep I was like always like nervous like okay so am i
losing money is it working is not working so that is the first experience
is like just being nervous and not being used to spending that much money on
Facebook ads but if you want to be successful with Shopify dropshipping you
gotta have pretty high at spend like at least your ads but it's probably gonna
be like 30% of your cost and the goods are also gonna be like 30% and the rest
is gonna be profit like 30 yeah around 30% as well depending on how good you
are once I saw her running more ads and just
like in my I think in my third week or fourth week of Shopify dropshipping like
everything was so messy like I didn't know about my finances like I had a
rough idea if I was losing money or like making money but I wasn't very sure if
it was like I was making fifty dollars per day or hundred dollars I didn't
really know so I got the app it's called order metrics I highly recommend anyone
who is making at least $200 or $300 per day
you should get order metrics to track everything because some people they use
like Excel sheets and I'm just too lazy to use that and it's also you have to
update it every day and it yeah like it's so
much convenient to use for metrics I think it's like $100 per month for the
app but it's totally worth it guys you gotta get this app though because of
order metrics I was able to see if I was making money or losing a little bit of
money so that's another thing that I've experienced is like whenever you test a
new product or testing like new Facebook strategies or like new assets you're
gonna be you're gonna be maybe losing a little bit of money or you're gonna be
losing their profit margins so that's why my profit margins they fluctuate
from like 5% to like 35% some days like when I when I like when I introduce a
lot of assets all at once like my profit margin can go down to at 5% or sometimes
like even like break-even as well so you gotta be fine with that
just don't be greedy like thinking you need to make profit every day or don't
think that you need to take money of the out of the company like all the money
that I'm making right now it's not going anywhere it's that is the company's
money that is not my money so I just keep it in PayPal account or in my bank
account and I don't take it out at least not at this moment another quick tip
that you need to stay on top of is Facebook add comments people are gonna
people are gonna leave nasty comments like scam alright I ordered and didn't
get the order and when you check their Facebook's or your their instagrams they
don't even have like profile picture like those people are just trolls
leaving nasty comments like you know so what you need to do is every day I've at
least three to four times per day you're gonna go to your ads manager and check
the comments on all your ads and just hide them or in some rare cases you can
also delete them as well so when I scale to $2,000 per day I was kind of scared
that I would be overwhelmed with customer service emails but fortunately
I was very smart before and I set up a really good FAQ page
and I customized everything you know like I provided all the information like
my FAQ page it's like very very long and very fro and I use the app it's called
Help Center and it makes really clean looking fit like FAQ page also I have a
supplier in China and because of him my shipping times are pretty quick I think
they're like for around 14 days and that is also helped that also helps with
customer service email this moment I'm getting around one to four emails per
day so that's pretty manageable like I have my friend who is doing all the
customer service emails and I also plan on hiring a VA for full time work cuz
customer service that is something that I really hate because there's so many
because customer service is an activity that you need to do but it's not an
income-producing activity and like I'm so passionate with income-producing
activities like improving my video ads or improving my conversion rate or
increasing the average order value so those are the things that I'm really
passionate about and I'm gonna make a new video about it in the future when
you start posting your successes in facebook groups or start to give advice
there you should expect that you will get a lot of messages from people I get
anywhere from 10 to 20 sometimes even 30 or 40 people per day messaging me and
asking me for like advice and stuff like that and that is just too much guys so
for now I don't sorry but I don't offer coaching and fully focus on my store I'm
not here to try try to like take your money right now I just want to focus on
my store once I get more experience more
knowledge I might be offering some services or coaching but not at this
moment guys the biggest realization is that making $2,000 per day is nothing
like with dropshipping before I thought making ten ten thousand dollars per
month is amazing but to be honest guys we've dropped shipping their margins are
around thirty maybe to twenty depending on how good you are so if you
take into account like making $60,000 dollars per month it's not that much
with Shopify drop shipping because the profit maybe it might be 20k but you
also gotta pay accountants taxes and everything and that is not much money
guys and also once you hit to $2,000 per day it isn't that hard to hit $5,000 per
day so the biggest lesson is a way way higher like don't think like $10,000 per
month is okay aim higher aim for like 100k 200k even more I hope you guys
enjoyed this video and make sure to subscribe down below and see you in the
next video