How I ve Built A $100K/Year Business Whilst Working Full Time How a Trained Computer Engineer Works 2 Hours A Day and Makes 5X More Money Than He Earns In His Full Time Job! Hi, and welcome to another blog post featuring one of our 100K Ultra star students! As part of our ecommerce series, I ve asked Ricardo, one of our top selling students from our 100K Factory program, to share his story about how he generates $100,000 a year working just 2 hours a day, all whilst holding down a full time job.
What we ll cover in this blog post: Why 100K Factory? My 5 step formula to ecommerce success The secret to niche selection & shipping models My recommended product pricing strategies The key to setting up the perfect ecommerce store Facebook advertising Do it the right way My top 10 recommendations for building your ecommerce business What NOT To Do! A day in the life of a 100K top selling student My powerful customer support tips What advice would I give to someone interested in joining 100K Factory? And MUCH more We have TWO special calls happening on Friday 3 rd March Join us to discover why this amazing business model consistently creates success for people who have failed multiple times before and how you can get started with it to create a life-changing profitable business in record time. Register Here: http://www.100kfactory.com/case-studies-live Ricardo s Background A trained Computer Engineer, Ricardo is an expert in organizational performance and business development. Residing in Portugal with his wife and two daughters, Ricardo continues to work full time whilst running his ecommerce business.
Ricardo s Journey Back in 2011, Ricardo had a well-paid job, but without warning had a call from his boss to say he was being laid off. He then realized there was no such thing as job safety. Although Ricardo eventually found himself another job, he realized as an employee there is literally zero security, and asked himself why am I putting myself in this position working 8, 9, or 10 hours a day? That's when he knew he had to make a change and never put himself in that position again. Let's hand over to Ricardo, himself to divulge all the juicy details! Why 100K Factory? Having been laid off, I realized I couldn't depend on a job, and had to create my own safety net. I tried several programs before embarking on the 100K Factory model, which was the first time I'd come across Aidan and Steve. I joined at the very beginning, with the first edition of the 100K Factory model back in April 2015, unfortunately, this program didn't work for me, mainly due to two things; 1. I was not 100% focused, and was still looking at other programs 2. I was not following the training 100% as it was laid out Fast forward to April 2016, and the second in the series of 100K Factory was released, this time aptly named 100K 'Ultra'. However, I was now in a completely different mindset and decided to focus on this business model 100%. This time around two things were different: 1. I decided to look at this as if it's a serious business 2. I had learnt valuable lessons from my previous business ventures My 5 Step Formula to Ecommerce Success I was now laser focused on making this business model work no matter what it took. Check out the following 5 steps which are the key to my ecommerce success: 1. Unsubscribe to all programs, mailing lists etc., don't get distracted 2. Concentrate on 100K Factory 100%, and don't deviate from the system 3. Do exactly what Aidan and Steve tell you to do, it works! 4. After the weekly training webinar, carry out all "homework" within 24 hours 5. Do whatever it takes to move onto the next step
The Secret to Niche Selection & Shipping Models Every day I am asked what niche should I be in, what products should I source? Many people seem to have the misconception that there is one magic niche that fits all The answer is quite simple, there is no "magic" niche, and everything works if you try hard enough, have the determination, and follow the training that is provided by Aidan and Steve. As I have proven, every shipping model works, whether that is; Free product + shipping or Priced product + shipping or Priced product + free shipping Every product I have on my site sells, regardless of the niche, once I even sold a wedding dress. So the niche is not that important. It s more important is to find good products to sell and then an audience eager to buy those products. My Recommended Product Pricing Strategies I source my products on AliExpress; http://www.aliexpress.com, and would recommend 3X your buying price. For example, if you source a product for AliExpress for $5, sell for $15. Of course you may need to deviate from this on occasion. I have even sought products from AliExpress for 60c, which sold for $9, that s quite some profit margin! Listen to your customers, they will educate you Don't price too low, you'll be leaving money on the table. Don't price too high, buyers will assume everything on your store is priced highly. If you are unsure, check your competitor pricing and see what they are doing. Customers tend to compare prices with Walmart and the corner store. The products that can be bought much cheaper elsewhere such as on your store are the winners and where you need to aim. The Key to Setting Up The Perfect Ecommerce Store I currently have one store set up on the Shopify platform having migrated from WooCommerce. Shopify is a cloud based platform, ideally suited to small and medium sized businesses, and is one of the best options to start and grow your online ecommerce business empire. The key to setting up the perfect store has many factors, firstly, pay attention to the products on your store, make sure they are quality products, if they re not, customers will assume all your products are of bad quality and won t come back.
You must also make sure you have great product images, this could make or break a sale on your store. And of course, your store must look clean and professional, that goes without saying! But with an abundance of Shopify themes available, that won t be a problem. It goes without saying, testing is key, don t be afraid to test everything on your store to get optimal results. ===================== Check out Aidan s Shopify Supremacy In 38 Minutes blog post where you can learn how to build and optimize a Shopify store in 38 minutes or less. This Shopify setup guide also includes a downloadable step-by-step PDF and start-to-finish video. It also includes the apps Aidan and Steve uses to make their own stores work, plus free Shopify themes, and WordPress migration tools. http://www.aidanbooth.com/shopify-setup-guide/ ===================== Facebook Advertising Do It The Right Way The 100K model focusses heavily on Facebook advertising, the most effective of all advertising for this business model. Believe me when I say it gets easier the more you do it! When you are spending money on advertising, it takes time for Facebook to find people that will buy from you, and optimize your campaigns, so patience is key here. Throughout the training you will learn when and how to stop, or continue with your ad campaigns to maximize your profits. Change the way you think about money, I ve spent more than $1,000 per day on Facebook ads, and it can be scary to spend this kind of money, but give Facebook time to find your customers, and you ll be making sales in no time. Also, interact as much as possible with your Facebook page, get lots of likes, and promote posts for engagement, the more engagement you get on your page, the more sales and customers! Facebook has a ranking system, and the pages that have more engagement get a better ranking and that lowers the cost of the ads. Please see below some of my Facebook screenshots, check out my conversions!
From June 2016 to February 2017: From September 2016 to February 2017: Last month: Current month:
My 10 Top Recommendations for Building Your Ecommerce Business 1. Test as many products as you can 2. Make sure your store looks clean and professional 3. Change the way you think about money 4. Know when it's time to stop or continue a Facebook ad campaign 5. Interact as much as possible with your Facebook page, get lots of likes, and promote posts for engagement 6. Follow the 100K training as it's laid out, don t deviate from the path 7. Put your emotions in a box and leave them there 8. Invest in your education, don't try to go it alone 9. Invest in tools that can improve your results and performance 10. Never give up What NOT To Do! Learn from my mistakes, and you ll soon be on your way to building a successful business! Don't deviate from the program Don't use poor images on your store Don't price too low, you'll be leaving money on the table Don't price too high, buyers will assume everything on your store is, check your competitor pricing Don't make silly mistakes, for example; buying links from Fiverr, this will only harm your business Don't do this alone A Day in The Life of A 100K Top Selling Student As I work full time, I dedicate approximately two hours a day to my ecommerce business which I currently run without any additional help. Most of my time consists of the following: * Testing products * Fulfilling orders * Customer support Many people start to use VA's when their business starts to expand, for me, I don't want to lose touch with my business, and I love dealing with customer support. My Powerful Customer Support Tips Great customer support is to me, without doubt one of the most important parts of my business. I consider my customer support second to none. I once even helped an 82 year old lady for two hours place an order in my store!
Another example is when a customer complained that they hadn t received their product. When I investigated further, they hadn t even bought it from my store, but I sent it free of charge anyway. Sure I lost $5, but I gained a customer for life. I'm not interested in one time buyers, I want customers who will stay with me for a lifetime, and I will go the extra mile to make that happen. So What Advice Would I Give To Someone Interested In Joining 100K Factory? Go for it, stick to the program, trust the program 100% and it will work for you as it has me Keep taking action Trust in the programme Trust in Aidan and Steve Don t deviate My Objectives 2017 & Beyond Start a second store on Shopify, whilst doing the 100K Factory Revolution Expand to selling white label products on Amazon To earn $2,000 net profit per day To join the 3rd and final version of 100K Factory, 'Revolution
Final Words From Ricardo If I can build a successful ecommerce business whilst working a full time job, anyone can. Remember, there is no such thing as job security, you need to create your own safety net, and remember from the very beginning why you are doing this. For anyone thinking about getting into the ecommerce model, fully embrace it, and follow every step just like I have, you then can t fail to be successful. The third and final 100K Factory Revolution is shortly due for release, and there is no better time to get into the ecommerce business model, I couldn t recommend it highly enough, and I for one will be joining too! In fact, I'll be sitting in the first row on the new program and I will start a brand new website. My goal is to make sure I get the knowledge to replicate this process at will and not rely on a single website/project. My main ambition is that after I have dominated that part, I will start working with Portuguese companies to sell their products online. Our Thoughts In conclusion, Ricardo is living proof that you can run this business whilst holding down a full time job. Despite that, Ricardo earns $8,000 a month working just two hours a day in the ecommerce model against $1,500 a month he earns working full time. Proof that indeed that there is life outside the 9-5 grind of a job just over broke. The 100K Factory method that Ricardo followed was first launched in June 2015. It was subsequently followed by 100K Factory Ultra Edition in April 2016. The success seen by students in that program has surpassed anything that Steve and I have ever seen before online.
We have TWO special calls happening on Friday 3 rd March Join us to discover why this amazing business model consistently creates success for people who have failed multiple times before and how you can get started with it to create a life-changing profitable business in record time. Register Here: http://www.100kfactory.com/case-studies-live