AMA self made millionaire before 30, and a guy whos company will gross $10 mil 2017

05-16-2017, 06:50 AM

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#181

javiersuka
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javiersuka
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Do you notice any change in attitude of sloots towards you after getting rich?

05-16-2017, 06:56 AM

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#182

Agentdark45
Thick. Solid. Tight.

Agentdark45
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Mirin hard (srs).

Semi-poverty CEO here, just about to start a big expansion of my business - hopefully I'll be on your level one day!

I'm fairly lucky as running my business has zero overheads (work from home on computer). I would probably chit a brick if I had to buy stock on the hopes that I could shift it all. What do you do with overstock - or is a certain amount of overstock calculated in from the outset?

Also, I too have the misc to thank for my success due to following a matched betting thread I was able to acquire the funds to buy a beast PC setup to fully make a go of my business (3D graphics).

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05-16-2017, 07:25 AM

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#183

Chezdon
Vagabond

Chezdon
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Usually I post sarcastic, bitter responses on the misc, but I have to tip my hat. Congrats. Kudos for replying to people as well. Hope the health thing doesn't get you down too much.

If only I had an ounce of your drive/ambition. But I couldn't just sit on that amount of money - I'd be at the bottom of a pile of drugs and hookers.

05-16-2017, 07:37 AM

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#184

conisag
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conisag
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Join Date: May 2006

Age: 36

Posts: 6,469

Rep Power: 4855

I've been a member her for 11 years and not once have so many happy feels for a poster been felt in one short thread.

Great job Dave mayne.

2006 OG

In on drep fade?

Lord of manor of wansley

05-16-2017, 08:57 AM

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#185

Unlurked
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Unlurked
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Age: 37

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Gjdm, glad you made it.

Saw that you spend 7k on adwords, what is your ROI on that?

Full-time lurker since '09

05-16-2017, 09:09 AM

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#186

Headshot99
Banned

Headshot99
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How do I become a millionaire? What did you do to accomplish this?

05-16-2017, 09:13 AM

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#187

conisag
Light Heavyweight

conisag
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Originally Posted By Headshot99⏩

How do I become a millionaire? What did you do to accomplish this?

He bust his balls, found a niche that worked for him, didn't spunk hard when he got his first large sums of cash and was smart enough to keep putting back into the business, also having balls of steal that any successful businessman needs ultimately brought him to where he is now.

2006 OG

In on drep fade?

Lord of manor of wansley

05-16-2017, 09:26 AM

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#188

Crease1234
Haaaaaaayyyy

Crease1234
Haaaaaaayyyy

Join Date: Jul 2007

Posts: 8,317

Rep Power: 15300

I bought in bulk a product from Aliexpress that I think has an audience and will sell well. Created a one-page landing page on Shopify and hired a videographer to shoot a product intro vid. Ran a few FB ads with zero success. Contacted a few magazine reviewers and influencers on Instagram, but response has been somewhat muted. How do you think I should proceed next? I understand from the info that I told you, you may be thinking that the product probably suck. But it doesn't. It's actually rather cool, fulfill a niche, and everyone I talked to about it seem to think its a good idea. I think I'm just terrible at the marketing aspect of the business. Will really appreciate any guidance here.

My Saltwater Reef Aquarium website: www.Reeftology.com
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05-16-2017, 12:19 PM

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#189

esh12
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esh12
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Originally Posted By Crease1234⏩

I bought in bulk a product from Aliexpress that I think has an audience and will sell well. Created a one-page landing page on Shopify and hired a videographer to shoot a product intro vid. Ran a few FB ads with zero success. Contacted a few magazine reviewers and influencers on Instagram, but response has been somewhat muted. How do you think I should proceed next? I understand from the info that I told you, you may be thinking that the product probably suck. But it doesn't. It's actually rather cool, fulfill a niche, and everyone I talked to about it seem to think its a good idea. I think I'm just terrible at the marketing aspect of the business. Will really appreciate any guidance here.

Can you share more specifics about what the product is?

You need to test your ideas with a small audience and gather feedback in order to understand why it's not selling.

I know you're targeting this to the OP but I'd still like to help.

05-16-2017, 12:36 PM

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#190

cadetduke
Ex Sports Card Shop Owner

cadetduke
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Location: Saint Louis, Missouri, United States

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You're the reason I started my own business. Then got murdered by Amazon ads and haven't been able to get back into it since. Basically broke even. Just don't have the funds right now to try again but I do have a LLC, contacts, reviews, feedback, etc. for when I do go back.

05-16-2017, 12:43 PM

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#191

theprodigyx
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theprodigyx
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are all of yours sales b2b? if so, are they mainly local phone fixing companies or something?

05-16-2017, 12:44 PM

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#192

Crease1234
Haaaaaaayyyy

Crease1234
Haaaaaaayyyy

Join Date: Jul 2007

Posts: 8,317

Rep Power: 15300

Originally Posted By esh12⏩

Can you share more specifics about what the product is?

You need to test your ideas with a small audience and gather feedback in order to understand why it's not selling.

I know you're targeting this to the OP but I'd still like to help.

Without revealing too much on what the product is, it's a safety product targeting urban bicyclists that share the road with cars.

I've asked around and shown the product to several cyclists, and they all agree it's a cool idea and fill a void. There are other products that share similar concept, but sells at a much higher price point.

Setting aside bias, this is not a product that will sell 10k units a month. However, I do think that the demand is there. I would appreciate any guidance you (or Shayz) can point me towards from a marketing standpoint. I'm willing to spend money, but so far I've spent hundreds of dollars on FB ads with very disappointing results.

My Saltwater Reef Aquarium website: www.Reeftology.com
My Scotch Blog: http://simplyscotches.blogspot.com/

^^^()()GERMANIC CREW()()^^^
misc zombie survival squad: Bravo squad member.
Super Dinosaur Crew
-=[$]MISC. FINANCE CREW[$]=-
- Misc Bet Crew -

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05-16-2017, 01:09 PM

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#193

esh12
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esh12
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Originally Posted By Crease1234⏩

Without revealing too much on what the product is, it's a safety product targeting urban bicyclists that share the road with cars.

I've asked around and shown the product to several cyclists, and they all agree it's a cool idea and fill a void. There are other products that share similar concept, but sells at a much higher price point.

Setting aside bias, this is not a product that will sell 10k units a month. However, I do think that the demand is there. I would appreciate any guidance you (or Shayz) can point me towards from a marketing standpoint. I'm willing to spend money, but so far I've spent hundreds of dollars on FB ads with very disappointing results.

From the 30,000 foot view you provided, here are my suggestions:

-use Google as your bread and butter; prob a good idea to hit up ShayZ or someone who is experienced in SEO and marketing through the Google platform; i think FB is a relatively newer way to market online, and i personally do not click on any ads when i'm on FB

-be professional but relentless in getting the word out to influencers; expand the number you've reached out to and continue to follow up once every two weeks with a quick and simple message to see if they've tried it out, what the feedback is, etc. - persistence pays dividends

-walk into your local bike shops and speak to the manager/buyers there; give them a sample or two and get feedback from them

05-16-2017, 01:23 PM

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#194

zilaniz
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zilaniz
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Who hosts your website - shopify/woocommerce/magento etc.?
Who do you use for your merchant account to process CC payments and what is your rate they charge you? Since you move so much inventory where you able to negotiate your rate?

05-16-2017, 01:29 PM

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#195

EnforcerOTF
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Glad you're still killing it and feeling better. Just checking in and spreading the love.

05-16-2017, 01:31 PM

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#196

CremePie18
U mirin

CremePie18
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Subscribed cause some of yall brothers will be worth contacting when I finally settle on a business plan

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05-16-2017, 01:41 PM

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#197

ILoveTrance
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ILoveTrance
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Still remember your other thread bro...

fuaaaark

Drinking a beer in your honour. Keep hustling bro, hoppe you succeed in everything you aim for.

05-16-2017, 01:48 PM

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#198

WhatSupDudE
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WhatSupDudE
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Originally Posted By esh12⏩

From the 30,000 foot view you provided, here are my suggestions:

-use Google as your bread and butter; prob a good idea to hit up ShayZ or someone who is experienced in SEO and marketing through the Google platform; i think FB is a relatively newer way to market online, and i personally do not click on any ads when i'm on FB

You might be surprised how many people DO click on fb ads

05-16-2017, 01:51 PM

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#199

Barbellasaurus
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05-16-2017, 01:56 PM

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#200

LaoHu7
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Can you help me get out of debt so I can have a chance to make it too?

05-16-2017, 01:58 PM

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#201

esh12
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esh12
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Originally Posted By WhatSupDudE⏩

You might be surprised how many people DO click on fb ads

I don't doubt that there is a large number that do. But in situation, if FB ads haven't worked, there has got be an underlying reason.

05-16-2017, 08:24 PM

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#202

jiujitsubro
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I started something similar but in a different tech side I accumulated around 5-10k in a week but I got burned by my supplier. Anyway I could message you a few question about restructuring and getting a solid plan that has less risk? I was drop shipping

"There are some who do not fear death for they are more afraid of really living."-Ancient proverb

Between the buried and me

05-16-2017, 08:29 PM

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#203

doughnutking
The Booty Warrior

doughnutking
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Originally Posted By Agentdark45⏩

Also, I too have the misc to thank for my success due to following a matched betting thread

You won't still be match betting though. That chit has a limited life.

05-16-2017, 08:31 PM

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#204

doughnutking
The Booty Warrior

doughnutking
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Originally Posted By Crease1234⏩

I bought in bulk a product from Aliexpressthat I think has an audience and will sell well. Created a one-page landing page on Shopify and hired a videographer to shoot a product intro vid. Ran a few FB ads with zero success. Contacted a few magazine reviewers and influencers on Instagram, but response has been somewhat muted. How do you think I should proceed next? I understand from the info that I told you,you may be thinking that the product probably suck. But it doesn't. It's actually rather cool, fulfill a niche, and everyone I talked to about it seem to think its a good idea. I think I'm just terrible at the marketing aspect of the business. Will really appreciate any guidance here.

It can't be great if you bought it in bulk on Aliexpress.