62 Campaigns down!
Update number 6.
PRODUCT COST: $2,245
FB COST: $1,197.66
TOTAL REVENUE: $3,753.55
TOTAL PROFIT/LOSS: +$310.89
Considering how heavy I test, I’ll take $300 profit any day!
It’s not much if you consider the spend, round a 15% ROI but if you also take in the fact that I have a tonne of tests going on at the same time, it’s good.
My testing volume goes up depending on how well my campaigns are doing.
When I was doing $10k+ revenue days, my testing costs was almost $1,000/day!
But that allowed me to find new ways to expand my campaigns and those small losses of $3-$5k allowed me to uncover $20-30k+ worth of profits by expanding.
This is how it kind of works.
Individual Campaigns
If we were to break down 3 individual campaigns that are making me profit, we’d get the below stats,
Product 1 sc
Total Cost: $606.56
Total Rev: $791.60
Total Profit: +$185.04
Product 2 sp
Total Cost: $1,297.68
Total Rev: $1,705.85
Total Profit: +$408.17
Product 3 ele
Total Cost: $624.54
Total Rev: $689.50
Total Profit: +$64.96
TOTAL + $658.17
These individual campaigns are brining in some testing money AND putting some money in the bank to test for the future. My ratio of finding these are about 1 in 15.
But I’m going for the big camps which are really rare. It’s kind of like collecting Pokemon Cards.
How do you find rare pokemon cards? You just gotta keep buying booster packets!
Same deal here, only way to find them here is to keep testing and hunting.
Every day that goes by I learn more and more about research, testing, and generally get directed towards profitable niches. It’s just a matter of time till I find a big one.
Drop Shipping/Teespring is a Continuous Process on Repeat
You may have noticed that there’s not much difference between this update and my other updates.In terms of launching, analysing data, continuing/cutting.
In fact, Drop Shipping or Teespring is really just a continuous and often boring process of the above. There’s really not much else to it!
That’s why I started to explore the Drop Shipping industry because I was kind of getting burnt out with Teespring/designing.
In saying that, it’s always exciting to start seeing sales, a few hours after setting up a new campaign. it’s a rush and your mind starts to do a tonne of calculations as to how much money this product can bring you.
eCommerce Magazine
I’ve had this idea brewing in the back of my mind for almost a year!
I want to start publishing an ecommerce magazine. kind of like the below,
Would you guys be interested in this?
I don’t want to cover boring stuff like world economics and how ecommerce is going to do in the next 10 years, I want to cover relevant, actionable ideas, case studies and interviews that’s going to help newbies get off the ground and help other grow their business.
Instagram hacks
FaceBook targeting
Killer Campaigns I find on FaceBook – reverse engineering their targeting
Interviews of successful teespringers/drop shippers
SEO ecommerce
All that stuff ^
Let me know in the comments if you guys would be interested. It will be free for ecomuniverse members or I’ll charge a monthly fee for the magazine.
Hopefully it will allow me to get some great minds together and share their expertise. It’s going to be epic!
Get Serious About Shopify & Teespring
>Join eComUniverse Here <<
Hi Mateen,
I’ve been a follower. Good job on getting the green with your dropshipping campaign. I hope to see the same with mine 🙂
I like the magazine idea. I will surely grab 1 when available.
Thanks for the inspiration you are providing here.
Carlo
Thanks man!
Good to know there’s some interest. I might go ahead with it.
All the best with your campaigns.
Awesome mateen! Finally you made it to the green.
Are you using only PPE image ads only?
Yep PPE at the start then CTW once I find a profitable campaign
Awesome stuff. Magazine idea will be good one
Thanks for the feedback!
Hi Mateen, I just have 2 question: your adsets are 1 adset per product or You are doing multiple adsets per product? And, how are You finding the interests for your adsets?
1 ad, 1 ad set, 1 campaign for each product. So basically each product gets its completely own campaign.
My last two ‘drop shipping hacks’ posts are exactly about this. Check them out.