, 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.
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
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:
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.
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
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!
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
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.
Missing some Tweet in this thread?
You can try to force a refresh.

Like this thread? Get email updates or save it to PDF!

Subscribe to Stanley eSDee David
Profile picture

Get real-time email alerts when new unrolls are available from this author!

This content may be removed anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

Follow Us on Twitter!

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!