Scaling a Drop Shipping Business to $5 Million a Day Profit
Luke Belmar shares his journey from making $10 a day to $5 million a day profit through e-commerce and drop shipping, emphasizing strategies to reduce advertising costs and scale a business.
00:00:00 Luke Belmar shares the journey from making $10 a day to $5 million a day profit through e-commerce and drop shipping. He emphasizes the vast opportunities available and discusses reducing advertising costs and venturing into cryptocurrency.
The speaker claims to have made a profit of five million dollars in a day.
The speaker believes that five million dollars is just the beginning and sees it as a stepping stone to future success.
The speaker discusses their success in reducing advertising costs through a specific strategy.
00:01:26 Learn how to think strategically and master the art of Drop Shipping to achieve financial success.
💰 Understanding the complexity of customer acquisition through platforms like Facebook is crucial for making money with Drop Shipping.
🔍 Learning about customer journey and analyzing logical strategies from internet resources is key to success in e-commerce.
🧠 Developing the skill of thinking and spending time on strategic planning is essential for finding a profitable Niche in Drop Shipping.
00:02:52 Learn how to create an evergreen ecosystem and build a big market to scale your business to a million dollars a day. Avoid finesse and focus on building good relationships with platforms like Facebook. Five million dollars is just a stepping stone to greater success.
🌱 An evergreen ecosystem allows for continuous sales.
🎯 A big audience is necessary to scale to a million dollars a day.
💼 Building good relationships with advertising platforms ensures success.
00:04:18 Luke Belmar discusses his path to financial success, emphasizing the importance of consistent wins and compounding gains.
The speaker claims to be making $5 million per day and encourages others to invest in certain projects.
Accumulating consecutive wins and compounding wins is the key to success rather than relying on one big win.
Having a good relationship with Facebook and advertising platforms is essential for success in the Drop Shipping ecosystem.
00:05:44 Luke Belmar shares how he found success selling niche household products and sanitation products for pets, avoiding COVID-related restrictions. His viral ad generated 250 million views and millions of dollars in sales.
👉 During the COVID pandemic, the speaker found a unique way to sell health and sanitation products.
🔥 By targeting the niche market of pet sanitation products, they were able to create highly successful viral ads.
💰 The speaker spent millions of dollars on advertising over several months, resulting in tremendous success.
00:07:10 Learn how to optimize your ads by leveraging the various components of the ad ecosystem, such as copy, creatives, comments, customers, and retargeting.
💰 Understanding the ecosystem of an ad is crucial in reducing costs and increasing conversions.
💬 Engaging with the comment section can boost post visibility and lower CPM.
👥 Building relationships with customers through real conversations is important.
00:08:37 A YouTuber shares a strategy to reduce advertising costs on Facebook by 160x, resulting in extremely cheap CPMs.
Using controversial posts about dogs on social media to generate cheap advertising costs.
Reducing advertising costs by 160 times using a specific strategy on Facebook.
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