,
8 tweets,
2 min read
Read on Twitter
Are you into mini importation and struggling to make sales? Jump in here, this thread is for you
--------------------
Yeah, it is the fad now. Everyone is talking about it and everyone wants to go into it.
But without guidance, many people go in and struggle to get profitable.
--------------------
Yeah, it is the fad now. Everyone is talking about it and everyone wants to go into it.
But without guidance, many people go in and struggle to get profitable.
What could be the problem and what can be done?
The first problem you have is that you have a false/incorrect/faulty analysis of cost, profit, and revenue.
Your average guru will tell you he imported a product for =N=2,000, sold for =N=7000, and made a profit of =N=5,000
The first problem you have is that you have a false/incorrect/faulty analysis of cost, profit, and revenue.
Your average guru will tell you he imported a product for =N=2,000, sold for =N=7000, and made a profit of =N=5,000
Then you get excited, do the same thing, but your business struggles and you wonder why.
Here's why:
If you buy for 2k, and sell for 7k, you did not make a profit of 5k.
How much did you spend ond ad? How about shipping?
Let's do the math:
Here's why:
If you buy for 2k, and sell for 7k, you did not make a profit of 5k.
How much did you spend ond ad? How about shipping?
Let's do the math:
You spend
2k for the product
1k for shipping
1k for running ads
2k for delivery
Total cost= 2k +1k + 1k + 2k= 6k
How much is the profit?
7k - 6k = 1k profit.
So imagine you invested 70k in this business, you only made a profit of 10k.
2k for the product
1k for shipping
1k for running ads
2k for delivery
Total cost= 2k +1k + 1k + 2k= 6k
How much is the profit?
7k - 6k = 1k profit.
So imagine you invested 70k in this business, you only made a profit of 10k.
Before you sell, or even import, you need to do a proper cost, revenue, profit analysis.
What will be left after you cancel out all the costs from when you buy the product to when it reaches the customer?
That is your profit. Profit is not how much you sell minus how much you
What will be left after you cancel out all the costs from when you buy the product to when it reaches the customer?
That is your profit. Profit is not how much you sell minus how much you
buy, it is how much is left after the product has reached the final customer!
Go back to your drawing board and analyse your costs and revenue.
Another thing you should not do, do not buy a product for 2k and sell below 10k
Aim for 400% profit margin at least!
Go back to your drawing board and analyse your costs and revenue.
Another thing you should not do, do not buy a product for 2k and sell below 10k
Aim for 400% profit margin at least!
This is why you should learn copywriting and branding.
You can practically buy for =N=1,000 and sell for =N=20,000
At the end of all analysis you can have 10k-13k profit.
It's as simple as being strategic and open to learning.
Take these two strategies, apply them and observe
You can practically buy for =N=1,000 and sell for =N=20,000
At the end of all analysis you can have 10k-13k profit.
It's as simple as being strategic and open to learning.
Take these two strategies, apply them and observe
what happens.
I hope I made sense?
For those who want to attend the masterclass. Payment is now ongoing.
Book your slot and grab a seat. 2019 is about to pay massively.
I hope I made sense?
For those who want to attend the masterclass. Payment is now ongoing.
Book your slot and grab a seat. 2019 is about to pay massively.
