RVF eCommerce Mastermind Group

A few of us have discussed, in previous threads, starting and RVF eCommerce Mastermind Group for those that make their money running an online business.

Valentine and myself went ahead and set the group up on an application called 'Vector' which allows you to sign up without having to give any personal information, and the phone application works well.

Ideally, we'd like to reserve the group to people who have an established business online, and are earning some revenue. However, people who are currently in the beginning stages of building an online business are open to join as well, provided that you're a more established member - just to set a completely arbitrary bar, preferably members with at least 5 rep, and 150 posts.

One of the biggest problems facing entrepreneurs today is the lack of a support group. Whether people want to admit it or not, having a group of likeminded guys around to share ideas, provide advice, kick each other in the ass, help deal with stumbling blocks and hold each other accountable is important.

So if you're serious about running an ecommerce business, send myself or Valentine an inbox with your email, and we'll send you an invite!
 

B00G3r

Pigeon
I found some problems with current products in a specific market and came up some solutions. Now, I'm having samples made from a manufacturer on Alibaba and having a local design company create a prototype for another product (too complicated to design on my own). I'm planning on going the Kickstarter route after patents, final revisions, etc. are done.

Right now, I have one product selling on Amazon and on my website. I get way more sales on Amazon bc of their traffic. I've started working with a SBA advisor, who is helping me with marketing tactics, so things should start picking up shortly.
 

LoveBug

Kingfisher
I would love to see this thread take off. I want to learn more about e-commerce, and create a successful online business, but I don't know where to start. Any e-commerce masters who would like to give advice?

I’d love to get this thread/support group going

I just started really intently studying Ecom the last month and a half or so. Studied several affiliate marketing courses and understand the framework of the industry.

Where to start? Maybe starting from the end to the beginning, reverse engineering might be helpful. Not copying competitors, just understand their strategies and ideas. There are tools and methods for studying what everyone on the web is doing. Who the hottest sellers are, what the hottest products are, their marketing strategies, everything.
 
A great article to help get us motivated! This man should be one of our role models! :)

What do you think?

 
Well guys,

I got really lucky. After bouncing around jobs the past few years working at warehouses, retail and a stockbroker among other things....my luck turned a bit last week.

I decided to do door dash as a way to earn some money (I was unemployed)....this was my first time ever.

on my last delivery I saw some signs pointing to a “liquidation sale”....I decided to see what it was.

i went in the store and the owner was closing up.

After asking what he did and offering to help....I am now on my 3rd day learning from a million dollar+ E-commerce dropshipper.

He has offered to mentor me, so I hope to post some insight in here from time to time. Obviously I have a long way to go.

however I did earn $120 selling locally tonight....FB ads is the skill set I am moving towards. In the long-long run I hope to build capital for trading (I love the markets).

I should also mention to my nofap bro’s...almost 1.5 months porn free.....coincidence? Not sure....but God works in mysterious ways.

Edit: also, this isn't to brag. I was going through a deep depression through my unemployment. If anything....sometimes just choosing any path (in my case doordash) can lead to an opportunity. I just want those who are going through that depression/confusion to know that it will all work out and we're all in this together.
 
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LoveBug

Kingfisher
Well guys,

I got really lucky. After bouncing around jobs the past few years working at warehouses, retail and a stockbroker among other things....my luck turned a bit last week.

I decided to do door dash as a way to earn some money (I was unemployed)....this was my first time ever.

on my last delivery I saw some signs pointing to a “liquidation sale”....I decided to see what it was.

i went in the store and the owner was closing up.

After asking what he did and offering to help....I am now on my 3rd day learning from a million dollar+ E-commerce dropshipper.

He has offered to mentor me, so I hope to post some insight in here from time to time. Obviously I have a long way to go.

however I did earn $120 selling locally tonight....FB ads is the skill set I am moving towards. In the long-long run I hope to build capital for trading (I love the markets).

I should also mention to my nofap bro’s...almost 1.5 months porn free.....coincidence? Not sure....but God works in mysterious ways.

Edit: also, this isn't to brag. I was going through a deep depression through my unemployment. If anything....sometimes just choosing any path (in my case doordash) can lead to an opportunity. I just want those who are going through that depression/confusion to know that it will all work out and we're all in this together.

Good luck man, I’m now trying to master close to the same thing

Now I’m trying to master drop shipping/sourcing and sell it on Google and Facebook through Google Ads/Facebook Ads. Found a good teacher online and am going over his methods non stop til I can regurgitate it out

Platforms don’t appear that saturated thus far
 
A couple weeks in:

My boss (the drop shipper) gave me a $2000 facebook ads/ecommerce course to go through. Basically he asked me to go through it twice and memorize as much as I can.

I am almost through the entire course, here are a few broad stroke takeaways (no where close to mastering this material):

-The skills that are critical in e-commerce: Copywriting, Photoshop, video editing, facebook advertising, data analysis (adjusting to optimize Costs and customer conversions) You will be making new creatives constantly as you test new products/campaigns.

-The premise of dropshipping is that you will be running various ad sets with different creatives.....in the beginning it is almost guaranteed you will lose money (unless you pick an extremely hot product and target the correct audience right away)

-As a beginner the course recommends running two separate campaigns: one to test audience (interests) and one to test creatives.....You will then combine these to ad sets and continue optimizing.

Simply: Test until you find the combination of ad sets that work...there is no telling how long this will take. My bet is most people give up after losing a few hundred dollars.

-The other concept that has been reiterated in this course is to treat facebook's pixel as sacred. Do not target low cost audiences (3rd world countries) for the sake of easy conversions. You want to feed the pixel good data as it is always learning and will optimize your budget accordingly when fed good data (USA audience).

My boss explained to me that most people will fail this business model as they see they are losing money in the beginning..."you have to lose money to make money".....he then went on to say that if you find a winning ad set and a winning product you will more than recoup the losses.

Those are my broad strokes from the first couple weeks. Will try to keep you guys updated. I made a few hundred selling locally on FB marketplace last week from my mentor's warehouse.

Being able to see demand locally really makes it very easy to see the vast potential of a worldwide ecommerce store.
 

nathan

Sparrow
I'm interested in this. I media buy on what is probably one of the larger BH teams, and that is very hot/cold, so I have always wanted to do whitehat, which is more steady (but more difficult to find profitable campaigns).

I will say that you would be surprised at how well just straight up copying a competitor's funnel can work, at least in BH. I would assume it also is more viable than you would think in WH.

I may launch some WH funnels in 2021 if BH doesn't turn around. Right now everything is tough because of the election coming up but I assume in mid-November it will open up again. But if it doesn't then I'm down to pivot.
 
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