We will buy close to $30,000,000 worth of goods from China this year with an average of 85 day payment terms blended.
These are 9 frequent mistakes I see founders make when sourcing from China 🧵
Just talked to a 21 year old kid via @mentorpass
He’s doing $110K a month with $30K in profit drop-shipping something from China.
Mono-product store with an off the shelf @Shopify template that cost $20 and an attractive BOGO offer
Takeaways:
1. @Shopify is an insane
I unfriend people who cheat on their wives / GFs.
A lot of my (financially successful) friends are big cheaters now.
Entering that age of mid life crisis and red Ferraris.
These friends expect me to act all normal when i meet their wives at BBQs on the weekends 😂
Probably
How to turn $5m into $100m+ in a few months:
What Copycat King Oliver Samwer taught me during my early days at Rocket Internet.
Trust me, the story is crazy.
🧵:
We pay on average $450 per Virtual Assistant (and no recruitment fees).
We have more than 100+ VA's around the globe.
I have never understood why people pay more than $1K on Twitter.
Below I'm sharing our 5 step process for hiring Virtual Assistants at scale.
I hope this
We pay on average $450 per VA. We have more than 100 across all our companies.
Never understood why people pay more than $1K on Twitter.
If you’re looking for a VA - then your screening exercise will be key. We have some templates and processes
Then you just post it on the
How a 22 year old kid scaled from $5K to $100K in Meta spend per day:
The guy booked me on @MentorPass in August.
He wanted me to review his Meta account.
What he was doing:
- 1 x ABO for testing
- 1 x CBO for scaling
- All ads were VSL
What we decided to do:
- Increase
Just talked to a 21 year old kid via @mentorpass
He’s doing $110K a month with $30K in profit drop-shipping something from China.
Mono-product store with an off the shelf @Shopify template that cost $20 and an attractive BOGO offer
Takeaways:
1. @Shopify is an insane
I talked to a $40M D2C brand spending <10% of budget on Meta and >75% on YouTube ads - growing 100%+ a year.
All VSLs. Big focus for me next year.
If you’re big on YouTube ads:
Please DM. I’d love to exchange learnings.
Happy to share what we do on YouTube influencers to
Building in public:
At Peak 21 we're about to acquire a very large asset.
I am contemplating building in public:
- Share numbers pre-acquisition
- Provide quarterly updates post-acquisition
- Provide transparency on fuck ups and things that go well
Is this something my