Watch This First: How To Launch An E-Commerce Business

[@matthewwarioba1544]

10 million! Haven’t even reached $10 yet

[@relaxingmusic1056]

Hope you're doing well bro, may your dreams come true lmao

[@_prettybrownbrown7729]

I don’t even have a product yet ! 😩

[@arylixons.h6343]

@@_prettybrownbrown7729 keep searching and as soon as you get that amazing product everything will be easy after that and you will have so much motivation! be patient, learn as much as you can.

[@LuxuryArchived]

Then get to work!

[@AlvandaHQ]

00:00 📈 Understand your business stage and priorities to succeed in eCommerce growth. 02:01 📊 Have a deep understanding of your metrics, including hidden costs like taxes, to ensure profitability. 03:27 💹 Use tools like Triple Whale to track and manage crucial eCommerce metrics effectively. 04:24 📣 Monitor your Marketing Efficiency Ratio (MER) to ensure advertising channels remain profitable. 06:19 💰 Optimize your gross margin by negotiating with suppliers and monitoring costs for profitability. 08:14 📊 Implement inventory, revenue, and cash forecasts to plan effectively for eCommerce success.

[@GrowWithWill]

Agree with Tip #5! The data gathered monthly in your business is not just for show as you can definitely use it to predict patterns and see how you'll do in the coming months. Thanks a lot for this, man!

[@IglooDweller]

Kind of off-topic, but could I please get a happy birthday from you, Davie? You've been a big inspiration to me and I feel like this is my year.

[@DavieFogarty]

Happy birthday :) every year is your year

[@IglooDweller]

@@DavieFogarty Thanks so much, Davie! :D

[@soscreativity]

Exciting! Your Twitter thread on essential business metrics for ventures exceeding $300,000 monthly was a hit among e-commerce enthusiasts. Transitioning it into a video promises deeper insights. Can't wait to dive in and glean actionable strategies for success!

[@derrylsoyyy]

Great advice! Taking notes, and always expanding the mind. Appreciate the tips!

[@cicemueller]

Der Davie, thank you again for being so honest. This is what I most admired in you.

[@ignaciomandiolaleroy1951]

Hey Davie! As always, dropping bombs of knowledge. One thing tho, isn´t the MER explanation part of the video wrong? I think you mean to say MER = Ad cost / Revenue, not the other way around, because then you come to explain the example, when MER is 25%, 25.000usd/100.000usd. Amazing content tho, I also use this metric since a long time. Cheers mate! Keep sharing your amazing experience 🙌🏼

[@alexandermontesinos2172]

Best video I've seen from you Davie. Solid Advise and great insight

[@DavieFogarty]

Glad it was helpful!

[@watchaporia]

Davie you are one of my favorite youtubers. I cant wait for you to post

[@randomdm]

So much good info in such a short time omgoodness, thanks Davie

[@MrChourles]

This Channel is GOLD!

[@laapapapa6388]

Your content is incredibly valuable! Thank you so much!!

[@abdelkrimelkourchi6691]

the best content from the best entrepreneur

[@bogdanpetraru68]

Overwhelming but very good info that will help anybody in this journey.

[@fr3ezeee]

I gotta login and drop this comment because I love it so much. Tons of practical golden advice from a real brand, telling in a well-organized manner.

[@morrisowusu1]

Love the content davie , this video was awesome

[@miroudz3924]

davie droping gems, love it

[@silviobastos3514]

Always taking notes. Delivering gold Davie. Thank you very much

[@cicemueller]

Dear Davie, you are such a bless for all of us. I do thank you very much for all efforts.Your youtube videos have been such a help for me.

[@MeLoSonn]

I’m starting with POD to start rapping my head around the process, looking at what others are selling, what trends are happening and also the gaps in the market. I think it’s just a matter of time and choosing wisely who guides/ mentors you. I’m just walking into the unknown but seems to come naturally of how to progress. the most important part for me was to just do it and don’t worry and about the income but the outcome to get the income.😊 There is allot to learn and the process isn’t always clear cut what ever is being thrown at me I find solutions to them. I’m sure with time I will get there and taking the things that work and trim as I go. Great vid my friend! Wishing everyone the best, including myself!😂

[@mikeherbst1024]

Great video as always. Thanks Davie.

[@LightPurpleCactus]

Thank you so much Davie! 👏🙌

[@SteveMiguel]

This is gold as always Davie. You da man!

[@blueoceansaustralia]

fantastic Davie, thanks so much ✌

[@max1mys]

Best video ever. Not dry - informative!

[@binhbentleydang2863]

I’m stuck at 3 mil and this is such an amazing video that helped me open my eyes. Would still need some personal guidance, but thanks so much for all u do Davie 🥰

[@seffdog1177]

“Stuck at 3 mill” lol tf

[@binhbentleydang2863]

@@seffdog1177 That's just revenue, not a full picture T_T Big numbers like that mean nothing if you can't scale profitably.

[@misterdd7239]

@@binhbentleydang2863 Yeah same here, revenue means nothing man. Like 3 million with a margin of 10-20% is around 500-600k only.

[@binhbentleydang2863]

@@misterdd7239 Yep yep. I mean still pretty good but it's not 500-600k you can pocket, it's money that belongs to the company. Realistically you could maybe pay yourself like 100-200k at most and then the 3 mil revenue doesn't look that big.

[@DavieFogarty]

If you're after more advanced assistance, I also have a mentorship program that meets every fortnight! 👉 kzbin.info/door/-JHxwWL4-WoqyQIYsBvTbAjoin

[@StayDangerousG]

This was great Davie thanks! Very insightful

[@matthewwdanielll]

Thank you so much Davie, you're my idol 💜💜

[@maxnaro]

your video quality and content are amazing man. Will be waiting for more videos like this one :)

[@rudolfsjermolovs5142]

Real value bomb. Thank you Davie!

[@s.-8406]

Did (almost) €100.000 last year. This year we are going for €175.000 and next year we are aiming for €1M. Going to be a big leap but I think we can do it

[@DavieFogarty]

Great work!

[@s.-8406]

@@DavieFogarty Thank you your content helped a lot actually!

[@yoyo-gv8zs]

​@@s.-8406 Hi, what is the best video you recommend to start?

[@annapetrosi12]

Gold! Thank you Davie

[@Johngoldbranson]

In your opinion Davie, is Facebook and Instagram dead as far a marketing channels for ads and cold traffic to build a brand? Also best video I’ve seen from you!

[@DavieFogarty]

Facebook and instagram are by far still the best platforms for scaling your business the most consistently.

[@Shoshibell]

Could you make a video talking about your favorite books and which helped you the most❤️ appreciate all ur vids I really look up to you

[@DavieFogarty]

I do have some book reviews available for some books that helped me out alot early on in my startup phase!

[@tommyclark5857]

Great stuff Davie!

[@HugoKram]

great vid bro thanks so much for sharing your wisdom

[@buildingAbiz]

Thank you this info is fantastic 👏 🤓

[@flomiller6175]

Thank you love your advice and tips for beginners. In 2020 2021 during the hight of the pandemic I spent most of my time in the wild bush on an island shooting photos of nature mostly flowers with my cell phone. 2022 I decided why not put some of my photos on a few objects. I have a big set back because I am not very technology savvy. I have so much to learn! I have a few orders I don't want to give up. So staying in the game and trying to learn as much as I can. I play your videos a lot they are very helpful. Peace!

[@Moresco24]

Can you show sample of the photos ? I have instagram

[@yassirfarhane9448]

Great video man thank you

[@isaiahling1911]

This is pure gold as always mate. Thanks for the great video. 👍

[@TheRadler]

Hey Davie, I am just starting my eCommerce Journey, Just ordered my first samples of a product I believe will do great in the market (don't worry shouldn't affect Oddie!) Signing up for your mentorship, your videos have been a great resource. thank you so much.

[@sidheshwartiwari9834]

Lol

[@AB-wf2js]

Why wouldn't you wanna affect oodie? Dave doesn't know you, why try to keep him getting millions instead of driving those millions to you?

[@TheRadler]

@@AB-wf2js just kidding around Mate my product is different

[@DavieFogarty]

Best of luck with it!

[@yellowboat8773]

Trustpilot now doesn't let you send review requests on a case by case basis. They force you to send a review request to every single person that orders

[@ShadyzOfficial]

Great tutor! Realistic calculations, methodes. Not that ah yeah do this and be rich. Very neutral video! 👏🏼👍🏼

[@textmywhattsapp]

msg me

[@Wired1200]

Could you post the forecasting sheet, cause they're not in the description.

[@oliverh.2450]

It is an old video, but I will ask anyway. What do I use if I have Amazon and Shopify? Triple Whale is only for Shopify. Thanks for the Video.

[@mrjameswebb00]

Loved this one!

[@bvmecom]

Amazing content thanks !

[@blackmamba1967RM]

Great video. On which platform should you have the website created for your brand, is Shopify well suited?

[@DavieFogarty]

Shopify is where most entrepreneurs start with eCommerce.

[@chrisashby32]

Great advice.

[@LetishaMalakootiTV]

Dude after watching this video I don’t think that I should be launching in December I think that I’m rushing it

[@DavieFogarty]

Check out our Free facebook group and give more detail where you are at and people will be able to assist with this! 👉facebook.com/groups/howtobuildamilliondollarbrand

[@faymunfaredi4928]

when it comes to a new business, how to forecast inventory when you don't have any sales data yet? and comes with it how to forecast sales?

[@mohamedbsoul2837]

your an idol!!

[@patpearce8221]

Hmm. This is going to be a marathon to succeed.

[@John_Mathers]

thank you davie 🙏

[@rbtaiwan]

Hi Davie, Thank you so much for sharing your hard earned secrets with newbies like us. I have a quick question for you: In several of your video’s, you’ve noted your preference for the app Klaviyo. My question is this: what do you think of the app Privy? Thanks again! 🙏

[@DavieFogarty]

Privy is primarily used to capture emails where you would then use Klaviyo as the email marketing platform to then send emails on the backend. They are used together!

[@andreweimaa]

Could you please link me to the cashflow video you did? I could not find it on your channel

[@dinosaurizedanarmystore8629]

great lessobn~!

[@masoncanzoneri]

Nice Title change, i think this one will get more clicks

[@edwinpappoe9509]

Thanks man i am in high school trying to start a business

[@DavieFogarty]

Keep at it!

[@brandtstudios8387]

your channel is amazing

[@textmywhattsapp]

msg me

[@8mariag]

Facebook doesn't allow me to advertise my product (weight loss treatment). Is it harder to grow without Facebook and Instagram ads?

[@DavieFogarty]

You'll need to be careful with facebook policies upon weight loss as there can be false claims made.

[@Eliaskadri]

Hello Davie , thanks for the value bombs :) You're really good at explaning on your youtube videos , do you prepare a script word for word before recording ? if so how long does it take to make a 17 min video like this ?

[@textmywhattsapp]

msg me

[@ThunderTiger0801]

Hi Davie what could be the reason for dropping sales and increase in low quality FB traffic after 4 days? i launched a campaign a second time now and it both times it started to go well the first few days but then sales dropped and traffic increases CVR sometimes at 5% on the good days but then just drops to around 1,5% together with ATC% etc Im so cofused. What would you do?

[@DavieFogarty]

Might be worth putting this in the Facebook group in further detail as you haven't provided enough information for me to provide my thoughts. 👉facebook.com/groups/howtobuildamilliondollarbrand

[@Khanhtranggreen]

great adviceeee from my idolll hehe

[@DestiaDeals]

Hi Davie, simple question. Do you read or listen to audio books? That question is open to others too.🙄

[@DavieFogarty]

Big believer in reading books and consuming information.

[@LennyYT]

More videos with real examples to reinforce the lessons🚀🚀🚀

[@mateusfalco]

Very good!

[@textmywhattsapp]

msg me

[@scottha4935]

Hi Davie, I have just started with ecommerce and i am struggling with Google shopping ads. They keep suspending my merchant accounts although I do not violate any policies, I am not even doing Dropshipping, everything is stocked in my warehouse in Sydney. Can you tell me what should I do in this situation? Much appreciated!

[@DavieFogarty]

Might be worth putting this in more detail in the Free facebook group. Google is very strict with Shopping and it might be worth seeing what your competitors are doing just to get the ball rolling. 👉facebook.com/groups/howtobuildamilliondollarbrand

[@matthiasbauer8039]

thanks davie!;)

[@cakehappen]

Hi Davie! I got a question: if you have a product that will work globally, which we are all looking for, right :), how do you ensure the delivery? Eg if you want to send stuff from Australia to EU it takes time bit as well taxes, shipping costs are super high? Sure you van have a 3PL in „every country“ but in the very beginning this just impossible, isn’t it? Hope the question is clear 😂

[@DavieFogarty]

I house products in 3PL fulfillment centres in countries with the most demand.

[@teaologynorway3284]

Hey @David do you have experience with dropshipping from domestic vendors?

[@DavieFogarty]

IT's the exact same, except you're reaching out to domestic suppliers to sell their products and profiting the difference in what you sell it for.

[@Viennaairkingclip]

Unfortunately I can't find anything on the net. Is Triple Whale only for Shopify stores?

[@DavieFogarty]

Triple Whale is an attribution software that is trying to assist with the lack of data caused by iOs changes in the recent years. It is primarily focused on eCommerce so not necessarily Shopify alone.

[@oscaliyonsetiyana3155]

Please make video about google ads conversion tracking for shopify please

[@DavieFogarty]

Check out the Google ads video we did :)

[@relaxingmusic1056]

can you do Ecommerce well as a teenager (14 to be precise) will there be any obstacles that my age will form as a barrier?

[@DavieFogarty]

Mainly signing up for payment platforms and proving age to access funds will be your biggest issue so might be worth signing up using your parents details if you are willing to go ahead with this.

[@josh_zirk]

You talk a little too fast, can you put subtitles to help me understand the words better. Love your videos though

[@DavieFogarty]

You can set the speed of the video to a slower limit if you are considering this further.

[@jailbs22]

i do 1 million per month, but chilean pesos that is like a thousand 😥

[@Motion4000]

You missed millions of dollars of revenue on a product that has 8 reviews? I don’t get how that makes sense

[@textmywhattsapp]

msg me

[@saadkhadar7239]

I live in Morocco and i want to start dropshipping but i have a problem with methods of payments because Most of them don't support my country.... Any help please

[@DavieFogarty]

Could change your location to another in Shopify and get access to Stripe.

[@tesfaxbah8259]

Keep it up

[@mdsayem7079]

Sir should we use 3pl service from the start of our journey

[@DavieFogarty]

3PLs would only be considered if you have the money to fund inventory as well as house it in an external warehouse. This will cost more money compared to doing it yourself or shipping it from China as you are paying for the storage, packaging and shipping in the local country.

[@LennyYT]

Do you go for average cogs when it varies from product to product?

[@DavieFogarty]

If you have a lot of different products, then an average is a good idea, but eventually you will lean towards your hero product.

[@FAHAD4ARTS]

Can we have a video for beginners

[@DavieFogarty]

Check out the "How to Build a Million Dollar Brand" Series as that's geared towards beginners!

[@AmbitiousNick]

Pure gold!

[@ashokseebaruth]

💯

[@Fly.Marshall]

Great video! Love how you DON'T use a podcast microphone! I find it beyond annoying that this microphone is defined as the essence of cool for KZbin videos. Note to people that use this podcast mics: you don't look cool, you look like a knob! Get a boom mic and look professional. Great video though! Sorry about the rant

[@adilalibadi7864]

WOW

[@victoriatimothy1296]

First 🔥🔥🔥🔥

[@welyyang]

16:40

[@LennyYT]

🍿🍿🍿

[@davecirlclux]

What you call MER is what literally everyone calls ROAS

[@DavieFogarty]

not really - MER is full funnel ROAS. ROAS is generally channel specific.

[@BolelJadidi]

amazing video that helped me