At some point each month we cover our income report for the previous month. Today we’re covering our July , 2018 Income Report. If you’re a regular, you know we’ve been focused on Shopify Dropshipping. And this income report is reflective of just that. It’s the real-time, unfiltered report from our main store – CommonPanda . Enjoy the video as Rito covers profits and losses for July – our best month so far: VIDEO Rito has many digital assets ranging from Software to Membership Websites. But these reports will focus solely on our CommonPanda Shopify Store. The best part is, you watched us build this store from scratch. If you’re new around here, This Is How We Did It . Revenue The total revenue generated, including refunds and chargebacks for July… $50,410.07 We didn’t have any chargebacks this month, and only issued a handful of refunds. This number ($50,410.07) represents the Gross revenue generated. From July 1 – July 30, we processed 1,162 orders. Fulfillment Costs For the sake of this video, we’ll assume the fulfillment costs were 33% or 1/3 of our generated revenue. So fulfillment costs from July 1 to July 30 were… $16,803.36 Our fulfillment costs range from 25%-35% of our asking prices. Total Ad Spend From July 1 to July 30 we spent a total of… $18,080.21 And finally… July 2018 Net Profit $15,526.50 Facebook Ads CPM, CPC and overall ROAS are all affected by the end of the Q1 Spending Spree. The final three weeks of every business quarter, see higher ad spends by companies of all sizes, in all industries. Many need to deplete their marketing budget for the quarter to receive the same amount if not more for the next quarter. While we also have some auxiliary monthly expenses such as a Virtual Assistant and Customer Service Representative, they don’t cost much or significantly impact our net profits. If you’d like to build your own successful Shopify store, check out our 6-Step Shopify Webinar. We’ve removed all the risk for you, so don’t procrastinate. Get started today. How To 15x Your Business Since July 2017, Rito has kept a spreadsheet of all revenue numbers from each sector of his companies. We have never publicly discussed these numbers, but we feel it’s important for you to see this. Not simply to brag, but to inspire. It was a year ago that we were really just getting things going, and making a strong push to scale the Maek Ace businesses. In July of 2017, the businesses pulled in just under $7,000. Fast forward 1 year to July 2018, and the business pulled in more than $100,000! That’s an unbelievable amount of growth for a company that’s being ran from home. It’s a testament to the hard work, perseverance and strategy implemented by Rito and his growing team. That’s a growth margin of more than 15x! You might be wondering how you can execute a step by step process to achieve similar success… And our answer to you, is to eSCAPE. Read Anik Singal’s eSCAPE Book Anik Singal is Rito’s mentor and really more like a brother to him. Anik is also very successful and well known for his success within the internet marketing community. The truth is, the methods, transformations and insights shared in this book, very closely resemble the path Rito and his MarkAce business has followed. It’s a fantastic, easy read, with a plethora of actionable advice you can use to not only modify your mindset, but truly build the business and life of your dreams. I’m fairly certain this book will be praised for years to come… And don’t be surprised to see it on numerous best sellers lists. See for yourself… Grab your free copy of eSCAPE here. Just pay shipping. If you grab your copy from our link, send us an email with a copy of your receipt to Support@MarkAce.com In the subject line, put “My eSCAPE Bonus” When you do, you’ll be granted access to an exclusive bonus. This is a one time, live mastermind session with all of you who get the book. During this mastermind session, we’ll be revealing a special product that has generated more than 6-figures for us. You’ll see exactly how we found the product, which ad sets were used to promote it, how we increased the average order value and several other things that we haven’t yet covered on this blog or our YouTube channel. That’ll do it for Episode 27 – Great work! Questions, comments or just want to say hi? We love hearing from you in the comments below! Success by choice, not by chance, -David Aston P.S. If you’re not kept in the loop via our #Bizathon list definitely s ign up today .
2 Replies to “July Income Report: How To 15x Your Business!”
Do you have a shopify couse? I want to learn from you. I have two stores but not in profit.
Need help of someone who is Indian and can help us in our journey.
Yes. Find my Bizathon 3 series on YouTube