we start at 2:00 pm et (new york time) - amazon s3 · we start at 2:00 pm et (new york time) ......
TRANSCRIPT
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We Start at 2:00 PM ET (New York Time)
Audio will begin just prior to start time!
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Session 14
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Agenda
• Cool new update
• The ”modules”
• Success stories and lessons learned
• Where we are
• Where to go from here
• The Future of 100k Factory Ultra Edition
• Our plans over next 6 months
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New Themes for Your Sites!
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Loading New Theme Pack
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Loading New Theme Pack
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Loading New Theme Pack
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Go To Appearance > Themes
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Activate or Preview New Themes
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Preview New Site
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The “modules”
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The ”Modules”
• Best of all worlds!
• Go for a refresher
• Re-group
• Re-start
• Review
• Enormous Asset
• Still being added to - 2 more to go
• Module 9 today or tomorrow , and this will be Module 10
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Success Stories
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Ruaidhri
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Ruaidhri
• Followed the plan and the course EXACTLY
• Moved as FAST as possible – faster than we were recommending
• In a matter of weeks went from 0 - $1400 per day
• Then crashed it and went down to $200 per day for a couple of weeks
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Ruaidhri
• Deep dive into all the issues
• Fell in love with products and audiences
• Needed to be objective and ruthless!
• Back up to and NICELY settled at $1200 per day in profit!
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Ruaidhri - Lessons
• Follow the plan exactly
• Be prepared for bumps
• Drink lots of coffee
• KILL unprofitable ads fast
• Listen to customer feedback
• Plenty of fish in sea (products) don’t push on a string
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Ruaidhri - Lessons
• You can move lightening fast– much faster than other eCom models
• Don’t do jewelry
• Move even more quickly to a niche site
• Outsource!
• When ali express needs verification, escalate the ticket immediately
• Drink lots of beer
• Partner ?
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Nathan and Eriko
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Nathan and Eriko
• Set up a discount deals type site on May 8th
• Loaded and tested 20 products – did NOT find a winner
• Reviewed the ”Ultra Sales Success Quadrant” PDF
• Re-did the audience targeting for my top 5 test prodcuts
• Changed to free shipping
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Nathan and Eriko
• Found 1 winner in these 5
• Launched a niche site on June 1 using the winning product
• Began ad scaling following the routine and continued through month of June
• Was using Stripe but added PayPal standard as second payment option – improved conversions!
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Nathan and Eriko
• Created all the custom audiences and look a like audiences June 26 – 30
• Scaled all following the routine
• After 1 week more reviewed the demographic data
• Branched out into many new look a like sub audiences based on the winning demographics
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Nathan and Eriko
• Ended up with over 50 audiences
• Continued scaling
• Orders came in so quickly couldn’t keep up so I added $4.95 shipping. Didn’t slow it down!
• Taught family members how to fulfill!
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Nathan and Eriko
• Best sales day – July 29 $3,584.24
• Average daily sales June 1 – August 23 -$2,190.89
• Since store creation
– Revenue $121,480.01
– Gross profit $69,243.61
– Facebook Ads $30,799.46
– Net Profit $38,444.15 (less than 90 days)
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Nathan and Eriko
• Just started a second site
• Already making money!
• ONLY using float hosting and woocommerce
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Nikos
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Nikos
• Originally a member of the first 100k Factory
• Worked the program but didn’t have success
• Learned a LOT
– FB advertising and the inner workings
– Built a HUGE FB fan page – over 100k followers
• Signed up for Ultra – KNEW he could make this work
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Nikos
• Took him a LONG time to find a product
• MANY “failed” tests
• Used a FB search methodology for product finding
– Search for “free shipping dogs” as an example
• Found his winner
• Found complimentary products
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Nikos
• Scaled and followed the routine
• Best day ever – Just last week – Net Profit of $866
• Stats June 16 – August 24– Revenue – $86,607.71
– Product costs - $34,289.50
– Ads costs - $38,821.30
– Net Profit - $12,263.91
• August run rate = $8k !
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Common Themes
• Followed the plan - EXACTLY
• Only deviations for some was speed
• NEVER gave up
• Retreated and regrouped when hitting an obstacle
• Asked for help
• Partners – can use FB for this sometimes
• Work ethic
• None of these guys are even in the US
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Where We Are
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Where We Are
• Mastered FB advertising - HUGE leverage here!
• Understand the eCommerce model
• Understanding and experience
– Traffic and conversion
– Ad spends
– Gross and net profits
• For REALS business stuff here!
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Where We Are
• Access to a VAST resource of other IM models
• This knowledge and experience can NOT be overestimated
• Too many people fail to realize what they’ve gained
• Too many people fail to realize what they can use their gains for
• The refinery – under resources – is an MBA class for IM
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What if You’re NOT There Yet?
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What if You’re NOT There Yet?
• Simple – TRY AGAIN• Go back to the beginning• ALWAYS about the product and the audience• Study the Ultra Sales Success Quadrant!• TEST until you find a winner!!• This works time and time and time again• SO…it WILL work for you – even if not the first
few times you try• ABSOLUTELY EVERYONE WHO IS SUCCESSFUL
HAS BEEN RIGHT HERE
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Where to go From Here
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Get the MOST Out of Ultra!
• Do NOT rest• FOLLOW the routine• People are achieving as much as 300k per year in
profits with JUST one site and following the EXACT routine and plan
• Do NOT settle for less• Do this before moving on• Outsourcing!!!• I would say 2-3 sites is expansion enough – 100-
500k in profit, then expand in other ways
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Evaluate Moving Fulfillment
• Can you cut down on product costs by buying in bulk?
• Can you get a US supplier?
• Can you increase customer satisfaction with faster shipping?
• Use Amazon FBA or any other fulfillment center or roll your own
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Expand to White Label
• Built in market intelligence
• Built in promotional resource – R. had over 3k names on his email list in SHORT order!
• All models have pros and cons
• Key is diversification
• Cross selling
• etc
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Expand to Information Products
• Built in market intelligence
• Built in marketing channel with FB likes and email addresses
• Have to have a passion here
• OR…get partners
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Expand to Affiliate Marketing
• eMail list!
• Basically it builds itself
• Leverage 5-10x per year
• ”free” money from the resource you’re already building
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Expand Traffic Sources
• SEO
• Amazon
• Ebay
• Youtube
• Adwords
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The Future of 100k Factory – Ultra Edition
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The Future of 100k Factory – Ultra Edition
• Software enhancements
• New strategies
• New success stories
• Adhoc webinars – Watch your email!
• QA webinar
• Continued improvements to member’s area
• Continued excellent support
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Our Plans for Next 6 Months
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Product Launches
• None planned
• We ONLY do 1 per year
• AND, ONLY if we have something extremely compelling to share
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Research
• Challenges people face
– Product selection
– Audience targeting
– Fulfillment
• ALWAYS testing and researching traffic
• Pre-testing products
• Pre-testing audiences
• Fulfillment center potentials?
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12 Days of Christmas
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BluePrint Academy
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BluePrint Academy
• NOT a sales pitch
• VERY small group – 55-65 people
• Currently not open – have only recruited 1x per year
• Will likely not do any kind of membership drive this year
• HOWEVER, sometimes a spot or two opens up
• People have been asking about this on FB and support
• Doing it for 3 years now
• Also – perhaps you can take some lessons learned?
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BPA Mission Statement
To Enable the realization of members’ business goals through a multi pronged approach of:
• Support and assistance• Training• Shared services• Shared resources• Accountability tracking and assistance• Leveraging community efforts and expertise
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BPA - Business Models Supported
• Amazon FBA – White Label
• Amazon arbitrage
• “Other eCommerce” platforms – shopify,Ultra, etc
• Affiliate marketing
• Information product development
• Kindle publishing
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BPA - Traffic Sources Supported
• Amazon organic traffic
• Amazon PPC
• SEO
• Adwords
• Facebook paid advertising
• Facebook “organic” traffic
• Pinterest, outside blogs, YouTube
• Affiliate network building
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BPA - Methods Employed in Support of Mission
• Services
• Outsourcing Team
• Training
– Starting points
– Ongoing – Keeping up to date
• Software
• One/One business consulting
• One/One subject matter experts consulting
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BPA - Methods Employed in Support of Mission
• Business development workshops
• Community
• Subject matter experts and their working groups
• Subject matter experts and their bi-monthly publications
• Accountability Group
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BPA - Services
• Product photographer, graphic designer
• China office
– Warehouse space
– “Your office”
– Inspection
– Sourcing
– Packaging and shipping
• Review service
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BPA - Services
• SEO services
• PBN
• Affiliate sites done for you
• Info products done for you
• Developing fulfillment center
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BPA -Joining
• Waiting list
• Email support with Academy in subject
• $1k per month – VERY selective (meaning good fit and committed)
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Q & A