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How I Built An Ecom Store From $0 To $5,680,537.65 Without Buying Inventory or Traditional Dropshipping
How I Built An Ecom Store From $0 To $5,680,537.65 Without Buying Inventory or Traditional Dropshipping
Now If you’ve been trying to break into eCom but you haven’t been able
to reach the success all the dropshipping gurus talk about, close all
tabs and pay close attention because this might just be what you’ve
been looking for.
I can guarantee that If you focus and you just follow this playbook
step-by-step, you’ll be at least at $10k/month (profit) in the next 24
weeks.
Now that I have your attention let me show you proof of the statement
above, so that you know I’ve actually done this.
The image above is a screenshot directly taken from my Shopify
Dashboard from October 1, 2021, to April 29, 2022. (As you can verify,
exactly $5,680,537.65 in total sales in under 1.5 years)
Now that we got that out of the way, let me tell you who this document
is for:
● If you’re trying other business models but failing to get results, this
is for you.
● If you’re looking just to make some quick cash and not run a
proper business, this is not for you.
And the problem with building a real brand is that it requires you to put
down a bunch of capital upfront.
I’ll show you exactly how to circumvent these issues and how to
launch an eCom store from scratch and make at least $10k/mo profit
in the next 24 weeks.
And in case you don’t know me, my name is Brook Hiddink, and in
October 2021 I came across a different way of doing eCom.
This new way, High Ticket eCommerce, was ultimately what allowed
me to hit my first $5.7 million over the last year.
But before I came across this way of doing things, much like everyone
who tries to get into eCommerce, I started by doing traditional
dropshipping.
Back in August 2021, I had just finished my 2nd year of law school +
finished my 2 month internship at a law firm.
At this time I had a ton of debt that I wanted to pay off because of my
law-school degree and about 6 weeks before my third year of law
school started so I committed myself to finding a way to make money
until then.
LED lamps, pet items, toilet bowl cleaners, kitchen brushes… I tried
selling everything you can think of. All 13 stores failed.
The course had an upsell option to pay an extra $4k to get coaching
and mentorship. I paid for the coaching.
Looking back, it was pretty hilarious but at the time I was another $8k
deep adding to my already existing debt.
I had 6 weeks until law school restarted, fresh new debt, and nothing to
show for it.
I decided I was going to put my head down and focus on eCom every
day for 12 hours a day until I managed to make this work.
Law school had restarted but the majority of classes were online, so I
just showed up to the classes, muted my mic, hid my camera, and
focused on getting my store up and running.
Around February 2022, I had made enough money to clear off my debt
and I decided to tell my parents I was dropping out with only one year
of law school left. (which I did)
Fast forward to now and I’ve generated over $5.7 million in sales.
As you can see, the journey was not easy and it was filled with
desperate attempts and failures.
Because I know how hard it was for me, I decided to help you
potentially avoid some of the failures and pain I went through myself.
Now, let me tell you right away, this is not Rocket Science.
But at the same time, the barrier of entry is not as low as simply setting
up a Shopify store, connecting it to Oberlo, and start running ads.
This is a good thing for you because if you actually get good at this,
you’ll have way less competition.
If you run some numbers, you’re also going to realize that it’s much
more profitable to do eCom this way, regardless of your profit margins
because of the sheer price of the items you’re selling.
If you sell a $50 product at 20% profit margin, that’s $10 per sale.
It will take you 10 sales to make $100 of profit.
If you sell a $1,000 item at a 10% net profit margin after you pay for the
product, shipping, advertising, software, and your team, that’s still $100
per sale.
It literally only takes one sale at half the profit margin for you to make
the same amount of money.
So now that you understand that mathematically it just makes more
sense, let me break down the process for you.
These are:
Meaning you don’t want to skip any of these steps and have them
completely dialed in before you move on to the next.
And now that you understand the process overview, here’s the
step-by-step breakdown of how to execute this process, and I did so to
generate $5,680,537.65 in 1.5 years.
And there’s no way that any legit supplier will partner up with you if you
don’t have a proper business setup.
“Damn this sounds like a lot of work right from the get-go”
And if you’re thinking that, I don’t know why you’re still reading this, you
should just leave.
But if you’re not, let me explain to you why this is actually a good
thing for you.
Any kid with a laptop and a wifi connection will watch 2 hours of
Youtube and can run a dropshipping store.
This is a great thing if you’re willing to put in work and do it right as the
upside to the opportunity becomes significantly higher the less
competition exists.
So how do you create a proper business setup for High Ticket Ecom?
Now, I’d go into deeper detail on how to set this up but it’s a different
process for every country, but a simple Google search should show
you everything you need to know and do.
Later down the line, I switched to Aircall so I could track analytics and
manage my VAs, but OpenPhone is a cost-effective starting option.
3: Business Address
Ensure that whatever service you use does not give you a PO box
address, but preferably something with “Suite___” or “Unit___”.
4: Business Banking
Very important that you set up a business bank account to keep your
business finances separate. This will make your life much easier down
the road. I highly recommend Wise.
You can get set up in under 24 hours.
A business credit card will give you some cool perks and cashback. I’d
recommend signing up for an AMEX Platinum if you travel often, and if
not, an AMEX Gold which has excellent cashback for advertising spend.
Make sure to click the link above to get 3 days FREE, and then
$1/month for 3 months ($3 for 93 days). It is worth clicking the link
above and creating an account just to familiarize yourself with the
platform.
Once you have everything set up, we’re ready to dive into market
research and start building our business.
What I mean by that is that a $50-$100 product will never solve any
significant issue.
On the other hand, when you sell more expensive items, not only are
you selling items that people will always buy, but you’re also selling
items that solve big inconveniences.
A good example of this would be cars. People have been buying cars
since the beginning of time.
Cars are expensive because of the utility and use case they provide to
the average citizen. In other words, they solve a big inconvenience
(traveling places more efficiently)
Obviously, we’ll not sell cars but extrapolate this to the eCommerce
model we’re going to run.
The sheer nature of the type of items we’ll sell solves big
inconveniences.
Because of this, not only will your business have a longer lifespan but
also it becomes harder to compete if you’re working with the right
suppliers. (more on this later)
The H.T.E High-Level Niche Selection
Framework
1 - Broad Stores
2 - One Product Niche Stores
With Broad Stores, you can sell everything to everyone but your
conversion rates will be low because you’re not appealing to one
specific avatar.
With One Product Niche Stores, you’ll build your store, ads, and copy
directed specifically at one avatar which means you’ll have a higher
conversion rate but you’ll be very limited because you can only sell
one product and scaling with only one product becomes hard to do
past a certain amount of revenue (especially with high ticket eCom)
So let’s say for example you were running a Niche One Product Store
and you were selling Canoes.
1 - You list out a bunch of themes you’d want to turn into a store.
Examples:
Etc…
- Canoes
- Kayaks
- Tents
- Sleeping bags
- Rock Climbing Equipment
- Inflatable boats
- Life Jacket Sets
- Boats
- Hunting gear
- Gun cases
- Camo Suits
etc…
Is there a huge brand running these products that people have loyalty
to? (Like an Apple for that specific theme)
Ideally, there isn’t and people only care about buying the highest quality
products.
4 - Verify Competition.
You want there to be at least a few stores already selling these products
because it’s an indicator of existing demand
Go to the Shopping section and verify there are already existing sellers.
If so, good, another indicator you should add the product to the themed
store.
5 - Verify Uniqueness
Ideal if your products have some sort of uniqueness but it’s not
necessary, just extra points.
6 - Verify Demand
To do this use some SEO Software like Ahrefs and Semrush and type in
your product type names to check for the search volume for the
keyword in the last few months.
We’re ideally looking for over 30k monthly search volumes and below
150k on our products as it is the sweet spot between demand and
competition.
7 - Verify Margins
After you’ve done all of this and you made a product that fits the criteria
you’re looking go to your competitors in the Google shopping section.
Find the dropshipping stores (usually sell only one product, have a
one-product store vibe to it and a quirky name)
Here’s a script:
“Hey I’m interested in buying this item, can I get a discount? Your
competitors offered me 10%”
If you can get it, it means the product probably has at least 25% margin
which is what you want to shoot for at minimum.
Anything below that and you’re just going to have thin margins and not
make a lot of profit on each sale which is not ideal.
Now that we have our 10 niche products selected, it’s time to find the
right suppliers to source these products from.
Your value proposition is that you get them more customers through
outsourced advertisement + take care of customer service.
When it comes to the fulfillment and quality of your brand, that will be
solely reliant on the suppliers you work with.
It means that:
● The margins at which you can sell the products are solely
reliant on the supplier's enforcement policy (I’ll explain this in
a minute)
Understanding this, the quality of our supplies will play a huge role in
whether we succeed or not.
Go to both of these websites and type in the product type you want to
sell in the search bar and then filter the search to only show items and
brands above $1,000.
Then you will be given a list of brands selling your product type at
+$1,000.
2 - Research Competitors
After you’ve exhausted your options with Home Depot and Wayfair, go
to Google and type “Buy (item) online”.
Go to the Google Shopping section, and filter once again by +$1,000.
Go to the Seller’s section and copy all of the brands in there into a
sheet.
Then filter the stores that have the name of the product you’re trying to
sell in their name.
For example, if you’re selling grills, sort your list by the stores that have
“Grill” in their brand name as they’re more likely to be dropshipping
stores dedicated to selling grills.
Open the website of these stores and there will be a section that will say
either “Brands” or “Vendors”.
After we compile our list we need to verify which brands enforce MAP.
MAP is the minimum price you’ll be allowed to sell the brand’s products
for.
So let’s say a brand sells Saunas and they enforce MAP of $9,000.
That means that you and all the other stores will only be able to go as
low as $9,000.
The reason you want MAP is so you don’t have to compete with other
stores on price in a race to the bottom.
The way you verify MAP is to simply type the name of the branded
product, go to Google Shopping, and see if the prices being advertised
are similar and don’t go below a certain price point.
If they are then the supplier enforces MAP and that’s ideally a supplier
you’d like to work with.
You only want to keep suppliers in your list that enforce MAP.
Use some SEO Software like Ahrefs or Semrush and type in the brand’s
name to check for the search volume for the keyword in the last few
months.
Now that we have our supplier list, it’s time to get the decision-makers
contact info.
Check out supplier websites. Use the extensions to scrape the contact
info of decision-makers (CEOs, founders, etc…)
You go to the club, you meet an attractive girl, there’s some chemistry,
you go home and you have sex.
If it’s good maybe you’ll repeat it once or twice, but the likelihood is that
you two will never see each other again.
Your customer sees something on the Facebook feed, they think it’s
cute or they need it, they buy it and then they have to wait 30 to 60 days
for the product to arrive.
The product finally arrives and it ends up being low quality and they
never buy from you again.
You meet an attractive girl and you go out on a few dates to get to know
each other better.
You like each other, there’s chemistry building up, and slowly but surely,
eventually, you’ll have your first time in the bedroom.
It’s a good experience, and both of you enjoy it, so it doesn’t stop
there.
After that first time, you keep nurturing and investing in the relationship.
Maybe you took her to a fancy restaurant on the first date but now you’ll
take her to a new spot.
Eventually, she’s your girlfriend and she always keeps coming back
for more.
And then you have an array of related premium items to sell to those
customers.
And to add the cherry on top… When doing high-ticket, your customers
are actually “gf material”.
What I mean by that is people who buy expensive items are way easier
to deal with, because they’re people with money.
Now I’m not going to walk you through a Shopify tutorial here.
Instead, I’m going to explain to you the high-level concept behind the
structure of a High Ticket Store.
At the bottom, you have people who are looking for a home comfort
item, for example, a Sauna.
They know they want a Sauna, but they don’t know what type of
Sauna and what brand of Sauna.
Above that, you have people who are looking for a Sauna, they know
which type of Sauna but they’re looking around at different brands to
see which one would be the best fit for them.
And at the top, you have people who are looking for a Sauna, they
know which type of Sauna, they know they want a specific brand,
and all you need to do is to put your store (that represents and
distributes the brand they’re already looking for) in front of that
customer and capture that sale.
Those being:
- Home Section
- Collection Pages
- Product Pages
Here’s an example:
The Collection Pages are designed for prospects at the middle of the
pyramid.
Here’s an example:
The Product Pages are designed for prospects at the top of the
pyramid.
Showcasing why this is the product they need and why they should
go with it rather than with something else.
Here’s an example:
When you structure your store like this, we address every level of
customer.
As you might imagine given the prices of our products, the conversion
windows (the time between the customer seeing us for the first time and
buying) are way longer.
This way you nurture them every step of the way and you don’t miss out
on potential revenue.
And this is how you build and structure a proper high-ticket store.
Now that you have the first version of our store it’s time to close some
partnerships.
I mentioned before the importance of suppliers but I’m going to add
another point.
You play the role of a mediator between these brands and the people
actively looking for them.
This means the more suppliers you close, the bigger of a customer
pool you get access to.
Simply by closing more and better suppliers, you automatically tap into
more revenue potential.
It’s by far one of the easiest ways to raise your Revenue numbers.
- An introduction of yourself
- An introduction to your brand
- Your core values (what you believe in)
- Your value proposition (what you can do for them)
- The benefits of working with you (Exactly how and why
working with you will be a net positive for them)
Slide 1 (Intro)
Slide 2 (Personal Intro)
After you have your pitch deck, record a video going over it.
2 - Outreach Sequence
After we have our pitch deck, we’ll set up our outreach campaigns.
- First Contact
- Follow-up (3 days later)
- Follow-up (3 days later)
- Second Contact
- Follow-up (3 days later)
- Follow-up (3 days later)
Keep this pace until you get a response.
3 - Outreach Script
Hi [name],
My team has been doing research for the last month, and we believe
that [brand] would be a high-potential partner to add to our [niche]
collection.
We are confident that we can play a large role in growing the [brand
name] brand with our omnichannel marketing strategy, plan for
customer success, and strong branding.
Could you please connect me with the correct person to speak with
about opening up an online retail account?
Hi [name],
[your name]
Email 2
Hi [name],
Can you please let me know how to open up an online retail account
with [brand]?
Thanks,
Email 3
Hi [name],
I am very confident that we can add a ton of value to your brand and
help grow your sales using our omnichannel marketing and customer
retention-based approach.
[your name]
But just in case you do have to jump on a call, never mention the word
“dropshipping”. Suppliers hate that.
Once this is done, you’ll get everything you need to export the products
to your store, and then all you have to do is repeat this process at scale
to close more suppliers over time.
Now that you have your store built with products ready to sell, it’s time
to launch your business.
Once again, like many of the examples before, the Ads strategy used for
high ticket eCom is completely different from traditional dropshipping
(and better).
You’ll still use other platforms to retarget the people who’ve already
been exposed to your brand. But the main driver of Revenue will be
Google Ads.
It’s a platform that rewards those who can pay the most and the people
who can pay the most money, win the game.
So your ads compound negatively over time and eat into your margins.
Facebook also doesn’t hold any sort of long-term ROI besides building
your customer list.
Google on the other hand is not only much more efficient in targeting
your ideal customers but it also compounds positively.
What I mean is, your Google Ad Spend directly helps with SEO.
Do this for 3 to 4 years and you can run your store solely based on
organic traffic and retargeting ads.
Now just like with our store-building example, I’m not going to walk you
through a Google Ads tutorial. (You have Youtube for that)
Instead, I’m going to show you the high-level concept of what makes a
good ad structure for high-ticket eCom.
80% of your advertising efforts will be directed toward the top 20% of
potential customers.
By doing this you’ll not only increase your conversion rate but you’ll
also decrease your CPM.
Then, once people have visited your site and have been made aware of
who you are, you blast them with retargeting ads on all other platforms
until they buy.
And once you have a winner that’s selling and converting with
high-profit margins…
At this point is when you start investing in SEO, improving your CRO,
and building a team to which you can outsource tasks and automate
your business.
I’m not going to get into details in this part because it’s much further
down the line, but these are the last pieces to full scale to millions in
Revenue.
Summary
So, as you can see all you need to do is:
Just like most people in any endeavor, I had no clue what I was doing.
The lessons I learned and everything I’m sharing with you on this doc
were learned through hardship and failure.
But eventually, I made my first sale.
So just trust me, if you just apply what’s in this document, you’ll be able
to get to at least $10k/month profit in the next 24 weeks.
So what Now?
Option 1: You keep doing what you’ve done up until now and keep
spinning your wheels hoping something changes but…
How much more willpower do you think you can muster and for how
much longer can you go on without seeing results?
Option 2: You can follow the exact process I laid out for you in this
document. If you follow it to a T and you’ll inevitably see success but it
will probably still take you longer to do so.
There are still variables that I couldn’t cover here and there are still
things that you’ll have to figure out by yourself.
Or…
Option 3: You can work directly with me, follow the exact step-by-step
instructions I’m going to give you to a T, make your first high ticket
eCom sale in the next 60 days, and hit at least $10k/month (profit) in
the next 24 weeks.
● You work a regular career and you want to transition into an online
business.
Again, the goal is to get you to make your first high-ticket eCom sale in
the next 60 days and get you to $10k/month (profit) in the next 24
weeks.
Business Setup
I'll show you and directly help you set up a proper business.
Everything step-by-step.
Niche Selection
After we come up with a list of niches that you'd like to sell in, I'll tell you
exactly which one you should go with, which products would be the
most profitable to sell in that particular niche, and exactly where and
how to find them.
Supplier Research
I'll show you exactly what to look for in suppliers, how to find them and
how to find the decision maker's contact information for you to reach
out to them.
I’ll also give you a pre-built list with +50 suppliers in that particular niche
and all the information you need to immediately start reaching out to
them.
Store Building
Most importantly, I’ll have my team literally build the first version of your
store for you so there’s nothing left to chance.
Closing Suppliers
I'll also show you the proven scripts I personally use to close suppliers.
I’ll also literally set up the entire outreach system for you that does all
outreach for you on autopilot without you having to do anything.
Setting up Ads
I'll teach you how to use the Ad Platforms and I'll literally directly build
your first Ad campaign with you, so it’s properly set up from the get-go
so you can make your first sale as quickly as possible.
I'll show you how to find cheap and competent VAs to help you manage
the store.
How to build SOPs to train them, and how to create systems for SEO
and CRO that will help you convert higher, and scale smoothly and
stress-free.
During that time you'll have direct access to me through Slack and
Zoom in your own private channel with me.
👉 You will have access to the EXACT strategies from the TOP minds in
eCommerce.
We have guest speakers who come every 2 weeks who are specialists
in SEO, CRO, Hiring, and Email Marketing.
They will give you the EXACT steps to put you in the top 1% of eCom
stores in each of these areas.
How sure am I?
- Brook