8 Months and $1M Later: How One First-Time Ecommerce Entrepreneur Made his Fortune

in ecommerce •  7 years ago 

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As an ecommerce entrepreneur, what is your sales-per-day record as a successful eCommerce business ?

The record was around $30,000 in one day, I hit it while scaling a hot selling product. Current revenues right now are around $10,000 per day, but I hope I will get it back up shortly.

There are always highs and lows. You find a target audience that loves your product, but eventually you reach them all and have to look for another audience or offer them another product. Especially in small businesses, that search takes time and creates sales fluctuations. If you’re looking to run a successful ecommerce business it’s important that you continue to test and improve your campaigns — there will always be room for improvement.

If you started all over again, what would you do differently as an ecommerce entrepreneur?

Set dropshipping processes in place as soon as you can. You should usually start thinking about them just after validating your product idea and making a few sales.

The beauty of the internet is you can sell to most people on the planet right now. If you find the right offer and right audience you can generate a lot of sales quickly — something I was able to experience, but because I wasn’t ready for the flood of orders we received we messed up a lot of them and made a lot of customers upset. So try and have your shipping procedures in place as soon as possible, it’ll really help you as an ecommerce entrepreneur.

As an ecommerce entrepreneur, what’s your top recommendation to anyone looking to start a successful eCommerce business?

If I started ecommerce all over again, I would start sooner. I waited a full month-and-a-half after my good friend told me about his ecommerce success. It costs no money to launch a store and it’s so “simple” to get started with all the technology available right now — just get started, you literally have nothing to lose.

Opportunity, yes — I wish I started this sooner because if I were doing this even just one year earlier, there would’ve been a lot less competition; I would’ve made a lot more money; and I could have established myself in other niches. But overall, there are still plenty of opportunities — you just have to be a little more creative with marketing.

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