I Tried Turning $0 into $10k Online Challenge (Part 3)

the last few weeks I've been working on starting from scratch from $0 and building that up all the way up to 10,000 u.s. dollars only using my laptop and internet connection this is now part three of this challenge if you haven't watched the previous two videos I'll kind of recommend you do so because this video builds off of the last two but in somewhere we got 316 dollars in the first video and then the second one we will add up to seven hundred seventy dollars and sixty two cents so that's gonna be a starting budget for this video and we're gonna see just how far we can take it and I got a few pretty good ideas up my sleeve for this one know what is good guys history would be hesitant to this challenge so apart from the $770 we also currently have a running drop shipping web site selling portable steamers that we built in the last video we actually sold quite a few of those portable steamers using a beauty page that we purchased on Instagram then we actually made some money with it and then went ahead and sold it now these portable steamers aren't gonna sell themselves so in this video I want to begin by continuing selling the same exact product using the same exact website and the same exact advertisement except now I want to switch up my marketing strategy that will hopefully allow me to scale this product now that we have somebody saved up and we also know that this product does in fact it sell using Instagram 14 pages since that's what we did in the last video using our own page I want to begin not paying to other people for their whole page but just paying them a certain amount in order for them to post our advertisement on their page with the link in bio you already know the drill in order to find some good pages to advertise on and basically that's a spam with the DMS of every single Beauty page on Instagram I'm asking for their promo rates and then I kind of went from there the big thing that I was looking for is good engagement since that honesty matters so much more than followers now that said actually found a page with a whopping 1.1 million followers that pretty good engagement the person wanted $150 for a 20 for a post with a Lincoln buy on this page she didn't get it that up negotiating down to $120 which might not sound like a lot of money saved but that's a whole one less portable steamer that we have to sell in order to be profitable I'm actually on here let me screen record this I'm on this page right now we're talking 1.1 million followers the page already put up our advertisement here is saying the link is in bio and we got the Lincoln bio here we got our website we are good to go we're gonna go ahead and see how this first advertisement plays out honestly I'm a little bit worried because in order to be profitable with this advertisement because we did pay $120 for it we need to sell a minimum of portable steamers and the Orion part is in the last video on her best day after all these advertisements we only sold four of them that was a much smaller page not nearly 1.1 million followers so I don't know hopefully this works out hopefully we don't lose money on this advertisement but I guess we just got to wait and see what happens tomorrow veinticuatro a dupe Oh relax I know you can't recognize me because I did shave this morning but it is still me and still be a hazard seriously it's currently 12 p.m. the ad went up at 12 p.m. yesterday so it has been a full 24 hours and the ad is currently down I took a screenshot of it before like an hour before we went down or sitting at around 120,000 views which is all right it's not incredible because the page does have 1.1 million followers but I mean they did result in five sales which which equals two hold on 320 $4.95 in revenue and as you can see this all the sales happened right after the ad went up and then nothing happened after that so that the post didn't really hit the explore page which is why it has this low amount of views compared to its followers but we were still profitable which is cool and $300 in revenue might actually sound like a lot but after you factor in that we did spend $120 on the advertisement then I calculated the product cost and that comes out to $109.95 so after you subtract that from the revenue you were only left with $95 which I mean I'm not complaining we were still profitable we didn't lose money which is great but here's the thing I really don't want to turn this into a 15 part series where I do the same exact thing and we keep up the same exact pace until we reach the $10,000 goal I mean things are getting kind of boring here I want to spice it up I want to pick up the pace and I want to start scaling the new plan instead of taking my time and weaving through and finding the perfect pages and doing one page per day I'm gonna pull a dak Prescott throw a Hail Mary here I just run a ton of these ads at the same time at the same day even if the pages aren't even the best am I gonna gamble all the money we've earned thus far and jeopardizes the series that I've spent so much time editing and filming yes sir yes yes sir I'm still gonna try to get the lowest price possible per page do a lot of negotiating but I'm just gonna be a little bit less selective with the pages I choose so that that way we can do more pages because even though the page isn't the best if you have a really strong advertisement it's really click baby it can take off even on the page it doesn't perform that well and even if we're not extremely profitable I'm not gonna be mad because we do have a Facebook pixel installed of this website so from all of these shout outs we're collecting a ton of data on people who actually are interested in this product which we can then utilize later down in this challenge and really scale this to the next level so even if I just break even that's still gonna benefit us because I'm gathering a ton of Facebook pixel data and I mean at the end of the day no risk no Rory baby wow what a great segue speaking of this no risk no re poster that you just saw actually when it started a little side project selling this something very similar so there's this company called iconic and they specialize in the sale of these motivational / entrepreneur type canvas prints this is absolutely not a brand deal but all the ones behind me are from this company the designs are cool the quality is great but the only problem with this company is that in order to get this big one right here actually had to sell my yeah my left kidney brings me to a few months ago when I was scrolling through the gram and I got an advertisement for a different company selling these entrepreneur garyvee type beat posters and when I went on the website they were like a third of the price however it looks like a drop shipping website so I don't how they express and to my surprise Aliexpress didn't have any of these prints which means this wasn't a drop shipping website and I figured that these people bought a huge inventory of these posters since there's a ton of different designs ton of different sizes which didn't make sense because the website itself looked like somebody's first attempt to drop shipping so I was super confused by all of this but I just went on with my day know very recently not sure why but the dots inside of my head kind of just connected and I realized what these people were doing and that was print on demand if you recall in the first part of the series we actually partook in some print on demand activities ourselves but we did it with the t-shirt that's kind of the common practice people usually do print on a man with the clothes I'm not sure why I didn't realize that that's what the website that I was talking about earlier was doing but you can do print on demand with a ton of different products and one of them is canvases so that's a side project I want to start since I'm sure there's a ton of people out there who want these cool canvases but understandably they're not willing to pay the big bucks for them so I'm gonna go ahead design something on my own and kind of undercut the market but for today I am gonna focus more on setting up our Hail Mary ad campaign and setting up as many different Instagram theme page advertisements as I can for our portable steamers and I'm super excited for it tomorrow because not only do we get to see how our at De Panne did but I'm also getting to starting our print-on-demand on or canvas prints business so I'll see you guys then oh and one more thing I almost forgot but a lot of you guys seem to not like the sound I use for my transition so don't worry I'm never gonna be I'm sorry please don't unsubscribe so it's currently the next day and although it's only 2 p.m. right now and as we posted up yesterday haven't even expired yet I already want to check in because we are already profitable so I kinda want to explain how I want to do things moving forward yesterday though I put up a total of five ads that cost me three hundred and forty dollars five ads I know I said I'm gonna throw a full Hail Mary in that I'm gonna spend a ton of money I only did five ads but if you've tried running theme page advertisement before you know how hard it is to actually get people to respond to you and then to actually arrange everything to get everything to work it takes a lot of time oftentimes people don't want to reply so I only managed to set up five ads however those five hats did pretty well and at this point I'm just gonna rinse and repeat and continue paying new pages on Instagram to put up this ad this is actually exactly how I did things before I completely transferred over my actual dropshipping source to Facebook Ads while all of that is running I do want to get into that entrepreneur print-on-demand canvas business that I talked about yesterday so let's just go ahead and dive into that our first step is gonna be to actually create a design we can use so I'm gonna start out by going on some Instagram entrepreneur theme pages and trying to find what post performed well on there so that I can maybe look at the quote on that page and maybe use that for a poster you know what never mind I think I'm just gonna have to go ahead and Google some quotes for this okay so I did find a quote online in the next you went back and looked at some more entrepreneurship pages for kind of inspiration see what designs together getting the most like somewhat not and here's what I came up with here is the first option and by the way all of the pictures in the background are royalty-free images that I searched for and so these are basically free to use you can do whatever you want with them so first up I made this post right here sometimes later becomes never do it now I don't know I do I personally don't really vibe with it it looks okay but I don't think it would do too well it doesn't look very professional then we got this one right here where you're in five years depends on what you do today and it's kind of villa picture it looks very professional I think in order for this one to work I would have had to color great the picture differently but I don't really vibe with it and here's the final option that I do vibe with it's this one right here it's the same exact quote as the last photo except now it's in front of a Lambo headlight I just think this one kind of blends together the best and it it looks the most professional out of the all three of them and part of that I think has to do with the lens flare if you actually look at the before there was no lens flare on the letters but I put the letters then then I put a layer on top of that extending the lens there so it kind of looks like those letters belong in this photo the word is with the previous photos the letters just look like they really don't belong there and I just slapped it on there randomly but this one they kind of blend well with a photo so I'm gonna create a teespring website selling canvases with a sprint on it and then I'm gonna go ahead and promote that through some Instagram quote pages I think you can do very well on those and we'll just see how that goes oh and I am actually gonna schedule some new posts for the portable steamer and continue scaling that so I'll probably check in with you guys tomorrow it's actually been quite a while since I last checked in this is the third date to be exact and this is actually gonna be the final day of this video we're gonna go over exactly how the steamer store did in just a second but first I want to explain what happens to the print-on-demand cannabis business that I wanted to get into I did create a teespring website for the lambo print I showed you guys earlier I paid an entrepreneur quotes page $40 to put up an ad and the ad itself actually did really well on the page instead of having the owner put up something that's just screaming hey this is an advertising I'm selling this I had the owner put up two different slides on the same post the first slide was just the design itself just the JPEG that I put from my computer to my phone and said to the owner that's that kind of content the audience of the page was used to saying so blended right in into the feed everyone you swiped on the post that's when the actual sell happened and I put a mock-up of the design on the canvas and I said that there's a link in bio and that it was on sale and that's how I went about it so the post itself got over 12,000 likes in just 24 hours but from all this exposure from all these lights we resulted in a whopping zero sales not a single sale from all these thousands of likes and all the tons of exposure not a single sale so that kind of got me thinking as to what what went wrong here because people liked the design since I got so many likes there's a demand for this product however I didn't think about one thing the fact that I was selling a product to other entrepreneurs who probably chances are already know about print-on-demand I know that teespring is a print on demand service so when they saw that the Lincoln buyer was a teespring link they probably figured that hey I can just get this design upload it on teespring and get this product for cheaper they probably never got around to doing that but I think that's kind of the mindset there and so I think I personally believe that the teespring part of this was what killed this business now this point I could have created a custom Shopify website for this product bought a custom domain thought of a cool company name and then connected it to a print on demand service called printful which would allow me to still do print on demand and to have an actual storefront that looks really good and that doesn't have a teespring link so that would solve my theory of why waiting getting sales the first time however I didn't go this route because I want to just focus more on the steamer store because it's currently working I don't want to spread myself too thin and divert my focus on something else when we have something pretty good here over the last six days we sold a total of 67 steamers which resulted in 4290 $9.94 sounds like a pretty solid amount and this is what people would show you when they flex their Shopify numbers but 980 dollars went to Instagram ads 1473 dollars 33 cents went to product costs 130 $1.39 went to payment processing fees I also now have to pay $29 for the Shopify plan since our trial expired as well as $9.99 for the reviews app and then we had to collect about $20 worth of sales tax so that money is not mine all that combined razors total profit to 1650 $6.23 actually no I forgot about the $40 we lost through the canvas prints advertisement so a real budget is 1600 $16.23 even though we do have all these orders and all these website visitors I don't think our Facebook pixel is seasoned enough to actually get into Facebook look like audiences right off the gate if we were to do that right now and to be profitable with that however what we do have is enough money to go ahead and start think Facebook ads for this product so that's what I want to get into next and by the way this all worked out and I was able to pay for the ads and for the product cause because I'm basically disregarding the time it takes for money to transfer from shop fight to my bank account I think normally that takes like two business days for the sake of simplicity and for the sake of moving this challenge along I'm just pretending that all these transfers are instantaneous I mean otherwise it would take me like three days between ads and I would have to wait to fulfill orders making the already long Alex for shipping times even longer so it just makes more sense to go ahead and pretend that it's instantaneous transfers and it doesn't really ruin the challenge but that said we were walking away with some solid profits here I'm really excited for the next part of this series because that's when we're actually gonna get into Facebook Ads the pace is about to be picked up I hope you guys enjoyed this video and I hope that you guys have a great rest of your day peace [Music]

Channel: Biaheza

Views: 678,855

Rating: 4.9343114 out of 5

Keywords: shopify dropshipping, dropshipping, dropshipping challenge, make money online, instagram marketing, e commerce, biaheza, dropshipping beginners

Id: k2l_IRKSsY0

Length: 13min 17sec (797 seconds)

Published: Fri Jan 03 2020