A lot of people think that starting a business and making $1 million in sales in thirty days is the kind of thing that only happens in movies about high-stress entrepreneurs. But it can happen, and I am going to do it! In this blog post, I will explain how I made a brand-new business that makes $2,700 every day. That’s $1 million per year! And don’t worry—I’m not going to leave anything out!)
The genesis: Setting bold targets
A bold goal is how all great journeys begin. That is what we will be earning if we make $2,700 a day on this money adventure, which comes out to $19,000 per week and then $83,000 per month! If you multiply that last number by 12, what do you get? It’s our first magic total: $1,000,000!
Wow—those numbers might give me (and you) stress at first look. But don’t worry! We’ll think about them more closely in a minute.
As with anything big and new that you plan for in life (money or not), it’s always best to break things down into small steps that work toward the larger goal.
The strategy: Diving deep into e-commerce
I have a lot of experience with e-commerce. I have set up a lot of direct-to-consumer brands that can either be sold or make money all the time. From what I have seen, it is easier (and better) to try and get ten stores to make between five and ten million every year than it is to get one store to make a hundred million. You don’t want to put all your eggs in one basket!
1. Niching down
When you start an e-commerce business, you should look for a product or niche. However, I don’t try to find that one winning product. Instead, I pick a niche and look for multiple products to sell.
This way, my store will always have new things for sale. I can keep trying new products, and I will have old customers who buy from me again and again. Most importantly, I am not just selling products; I am building a brand.
Don’t only sell goods. Sell experiences, and build relationships.
But if you need a niche idea – begin with beauty products. They are excellent for solving immediate difficulties, and I’ve always found them dependable.
2. Creating your digital storefront
When you know what you want to sell, you will need to make a website that works like a charm. Take a look at some of the big names in your area and copy what they have done right. You can use Shopify to create your online shop since it is easy to use and has many different features. Do not forget that your website should not only look nice, but it should also be ready to turn visitors into customers.
3. The marketing machine: Ads and creatives
The present pattern in promotions is User-Generated Content (UGC) advertisements that look like genuine clients recorded them. You can begin by putting together UGC promotion from discovered footage and later have more expert shoots composed by means of stages like Fiverr or sourced from web-based media monsters like Instagram and TikTok.
Launch & optimize
Once you have your website ready and your ads in place, you can launch them and see how well they do. You may not get a lot of money from them at first—or any money—but don’t give up yet.
A lot of people would stop at this point and say that the niche is saturated or that the business plan doesn’t work, but if you keep working at it, you’ll be able to make changes to optimize your ads and make more money.
Break even, then break profit
It’s a good thing if you break even at first. You might only be spinning wheels, but you could also start gaining traction and making profits by changing things like product pages, how much you charge, and how much your supplies cost. Keep testing new products and using upsells to make more money from each sale.
The growth surge: Scaling and beyond
From ads to actual product
When you start making money with the basic model and are hitting your goal, I highly suggest you stop drop-shipping altogether. Buy samples, put together your own packages, and form a MOQ guts type of operation where you can have faster shipping times and most importantly- better quality control.
Multiplying success
Once you have figured out how to run one store, you should start thinking about opening another one. The idea is not to own a few shops, but rather a whole network. You should use the first shop as a model for the second one (and so on). You should also keep your costs as low as possible. And remember, the goal is not only to make money, but also to learn how to scale up a business.
The bottom line
After you have proven your business model and streamlined all of your processes, you can choose to keep growing your store, sell it, or just maintain it with minimal weekly work. Depending on what you want personally and financially, each choice has its benefits.
Entrepreneurship means more than just making money; it means creating systems that make value again and again. If you are thinking about starting or selling an e-commerce brand, or if you are just tired from running your current venture and need a break, let me know. I am currently trying to buy and grow e-commerce brands.
It takes a lot of work to start a business and get it to the point where you are making a lot of money every month. However, if you set the right goals, commit to making changes when things are not going well, and work hard to make sure everything is the best it can be, then it is possible. Starting with choosing a product niche and ending with running ads that bring in money and increasing numbers of sales, this plan will help you get closer to $1,000,000. Be patient and don’t forget that everyone who is successful today started by wanting to try something.