See all the Shopify store income reports here.
Maybe you’ve been wanting to start a store, but don’t know where to start or what platform to choose.
Maybe you’re scared to start a store because you don’t know how you’ll possibly be able to drive traffic to it.
Maybe you already have a store and can’t understand why you’re not making anything but chump change in it.
Maybe you’ve spent some time on your store and seen only crickets in traffic.
Maybe you’ve tried other platforms like Etsy, ebay, Amazon, Creative Market, the list goes on and on and have seen a little bit of money, but know there’s more out there for you.
Whatever your situation is, you’re in the right place! Opening up my own Shopify store, very quickly changed my entire life, and while I’m not promising massive amounts of money your very first month, what I AM saying is that most people don’t realize the POWER having your own Shopify store has.
Today, I’m going to be sharing my Shopify store income report for March 2018 (10 months of having the store)
Shopify Store Income Report – $137,522 (March 2018)
Most of you know that I’ve been selling on ebay for over 20 years now. Back before they were even CALLED ebay. 🙂 I was just a teen back then, but really realized the power of selling things online. It was a whole new world for me. An exciting world.
But there are several things I’ve always LOATHED about selling online.
- I HATE to ship products.
- I hate keeping track of inventory.
- I hate keeping everything perfectly organized to sell.
- I hate not being able to find something right as it sells.
- I hate following someone else’s rules.
- I hate when they CHANGE said rules and I have to go back through all my ads and completely redo all of them to comply.
- I hate feeling like I have no ownership over the store. Like I’m powerless.
- I hate not having the capability of making certain sales the way I want them to be, instead of working with the basic tools they give me.
- I hate being at the MERCY of a customer who does something shady and leaves bad feedback and everyone thinks it’s ME who has done something bad. Or competitors who leave negative feedback to ruin you (yep, it’s happened!)
So, while there’s a lot of good things about selling on a platform like eBay or Etsy, there are also a lot of bad things you MUST accept in order to sell on someone else’s “turf.”
I sold on Amazon, I’ve sold on Creative Market, I’ve sold on ebay, I’ve sold on a membership site, I’ve sold on a stock photo site, and I’ve sold on Shopify.
For me, out of all the options I’ve tried, Shopify is, HANDS DOWN, the best way to go.
Income total for March 2018 (Shopify store only; doesn’t include blog/misc. income) – $137,522
Traffic total (to my Shopify store only) for March 2018 – 20,691
Stats per product:
This is my favorite part of researching analytics. Figuring out which products sell (or get downloaded for free) the most. Stuff like this tells me EXACTLY what to create more of in my store and what to stop creating, so it’s something I gauge very heavily.
If you have the $79/month Shopify plan, which I do, you’ll get FANtastic analytics reports that will give you all this information broken down by product. I then go into my newsletter (I have ConvertKit and Leadpages and love them) and compare them in order to get conversion rates.
This month, I released several great products and everything did very well.
My new binder out this month was my Recipe Binder.
Unlike other binders in the past, this binder, I didn’t start out at free. I started the pricing out at one dollar and raised it to $7 pretty quickly after. Then, I raised it to the full price.
The Recipe Binder was released on March 14. By the end of the month, I had sold 558 copies. I think this is a huge success. I honestly didn’t expect that many sales in only two weeks.
At the end of the month, I had 17 reviews on it and was well on my way to creating a solid foundation for this product.
Kids Prayer Journal
This month, I also launched a smaller item, a Kids Prayer Journal.
It didn’t do all that well. I started it out at $1 each copy and it only made $41 in revenue this month.
Update: the YTD on this product as of May 17, 2018 is only $96. I think that’s a fair amount of sales, but it’s not as much as I would have hoped for.
Mother’s Day Binder
The Mother’s Day Binder was released on March 27, so just a few days before months’ end.
This was one of my more profitable binders. Between free and sold copies, it sold 825 times this month alone. Next month, it would go on to make me $19,736! Now you wonder why I give stuff away for free when I first launch it. 🙂 It only builds up the traction a product has, so it can really sell.
The nineteen-thousand doesn’t come easy though. Each binder takes a team of 3 people, myself included, and two full weeks to create EACH and every binder you see in the store.
I create the design. Another assistant helps me with the pages and another assistant helps create certain content lists like, Inexpensive Gift Ideas, Bucket List, Essential Oil Diffuser Blends, and so on and so forth. It really is a fun process though. We really enjoy creating binders. 🙂
The Valentine’s Day Binder continues to sell well into this month, producing a revenue of $327 this month for that product. Pretty nice, since Valentine’s Day is well over by now.
My top 5 products
You can see this months’ top 5 products by clicking the links below:
My Million Dollar Shop®
If you are new in your store or it’s not making what you want, carve out the time for it, and check out my Million Dollar Shop® courses, here.
They have all the tips and tricks that I’m using to crush it in my store, and it goes into massive depth of all the ins and outs of what to do. I hope you check them out, and I hope your store flies!
Ready to start up your OWN Shopify store?
Click here and you can get a 14 day trial FREE! It just might be the best move you ever make. It certainly was for me!