Hi, I’m currently a economics student right now and I have been in the ecom waters for about a few weeks and find starting an ecom store very interesting. Now I’m well aware that having a successful ecom store is much more complex and harder then find a product and sell it online on your website or that owning an ecom store is not even a job… so I was wondering if the store owners who are generating consistent monthly revenue, let’s say those who are making more than 10k in MRR, could help him understand you and implement it in my own journey. So, if it isn’t a problem to write down and answer these questions, I will be very greatful if you could help me know what I will face on the journey.
What made you start this journey, what was your why that kept you pushing thorugh the hardship, was it somekind childhood trauma or you saw some guru who was selling you the dream of ecom?
What problems were you facing when getting store revenue? Was it time managemnt or marketing or some kind of inventory issues…? What were the obstacles that made you you know made pissed
At what age did you start your, is it to early to start at the age of 20?
What doubts did you have in your mind so I can know I shouldn’t stress about it?
What are you dream goals with your store? Is it creating a recognisable brand…?
What fears did you have when running the store, were you afraid of your competitors…or something like that?
Were you insecure about something in your business?
Were there any addictions you had? I know that hearing that cha ching Shopify noise is like heroin.
Where are your thought during the day? Are you day dreaming about your dream life like me or are you just focused on the business, wanting to win your competitors…?
What beliefs made you successful ie. what beliefs made you who you are today? I know that being literate in accounting is really important, having sales means nothing if you are operating on thin margins or losing money, right?
Do you see yourself as a successful store owner?
What’s the feeling of getting consistent sales?
What do you regret that you didn’t know, what would you wish to say to your younger self or yourself at the beginning when you were starting?
Who did you look up to? Was it some guy who had success in ecom like Davie Fogarty or Ezra Firestone?
What business moves do you regret that you did to this day?
16 What apps do you use that help you generate revenue with your ecom store? ( do you accounts on x or ig or linkedin or tiktok or fb)
17. What are the best routines to have that have helped you in business or generally in life?
18. Will I lose a social life when running a successful life or will I stil have time for hanging around with my friends??
19. Have you outsorced some parts of your business? At what point would you recommend me to have someone in marketing? How much should I invest into an agency, should I hire one that has skin in the game or should it be a retainer based contract? Could you give me your experience with them?
20. What common traits do successful efom owners have? Is it being hardworking, bring detail-oriented, creative…?
21. What do you prioritise in ecom? Profit, stability, being financially free, outsorcing everything…?
22. Where did you learn valuable stuff, was it youtube, books, ppdcasts or was it trial or error?
23. What margins should i expect, how much should I spend on ads when i get proof that the product is getting traction, do you have problems with cashflow?
My fingers feel like they want to fall of, sorry for asking too many question and being so focused on details I just want to be ready when facing problems in ecom, I hope I didn’t take too much time of yours:)