What's the biggest risk you took with ecom?

rexk

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I had to work a summer job for 2 months from 5am-7pm to get some money for ads, that just ended up being spent on 50% bs.
 
I am currently running a Facebook campaign to get emails for my newsletter. I pay $1 per lead - currently at almost $700 which is a lot for me.

Hope this works and I will be able to monetize it.
 
Isn't ecom,

but biggest risk I took was taking the last $1300 to my name back in 2008, right after I was laid off from my job, on my birthday, and buying ads as an affiliate to 2 products no one had really heard about before from 2 networks that weren't well known at the time, on a billing cycle no one had ever seen either.

If I were to pick one that HAD to be ecom...

I would say spending 17+ hour days/weekends/holidays for months on end with an ecom client that was stagnate when they came to me in an industry I absolutely knew nothing about. Took me about 9 months, but I got them from a flat 3-year consistent mid 8-figure annual revenue flatline... to almost breaking (like a few digits under ) 9-figures in that 9 months time. That company today, is doing 4x annual revenues now from when they first came to me 3 years ago.

I can consistently find where 70-75% of the revenue/results is all from Paid Ads and my work when I dig into the Analytics of it.

Hundreds of people's jobs would have been impacted possibly if this didn't do well.
 
eliquid said:
Isn't ecom,

but biggest risk I took was taking the last $1300 to my name back in 2008, right after I was laid off from my job, on my birthday, and buying ads as an affiliate to 2 products no one had really heard about before from 2 networks that weren't well known at the time, on a billing cycle no one had ever seen either.

If I were to pick one that HAD to be ecom...

I would say spending 17+ hour days/weekends/holidays for months on end with an ecom client that was stagnate when they came to me in an industry I absolutely knew nothing about. Took me about 9 months, but I got them from a flat 3-year consistent mid 8-figure annual revenue flatline... to almost breaking (like a few digits under ) 9-figures in that 9 months time. That company today, is doing 4x annual revenues now from when they first came to me 3 years ago.

I can consistently find where 70-75% of the revenue/results is all from Paid Ads and my work when I dig into the Analytics of it.

Hundreds of people's jobs would have been impacted possibly if this didn't do well.
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How much did you make from both risks? For the latter one, do you still get any money from that?

Well, biggest risk is my company I'm starting. Lost $60,000 so far and we're doing the paperwork for getting a license. First try didn't work. We're on try 3 right now. Has been 3 years since I started. I still believe it will pay off.
 
BakerStreet said:
How much did you make from both risks? For the latter one, do you still get any money from that?

Well, biggest risk is my company I'm starting. Lost $60,000 so far and we're doing the paperwork for getting a license. First try didn't work. We're on try 3 right now. Has been 3 years since I started. I still believe it will pay off.
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Each on it's own was over 7-figures
 
That sounds like a tough but valuable experience! I can relate to taking big risks for e-commerce. For me, it was investing in ads without really knowing what I was doing at first. I spent a lot on strategies that didn’t pay off, but it taught me a lot about targeting and conversion.
 
eliquid said:
Each on it's own was over 7-figures
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Wait, are you saying you got paid over a million dollars from each of those things?



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as for this thread, I now believe that you shouldn't take risks if it risks wipping you out. You should only take risks, where if you lose, you don't lose much. I think the question of this thread comes from a bad place.
 
BakerStreet said:
Wait, are you saying you got paid over a million dollars from each of those things?



======

as for this thread, I now believe that you shouldn't take risks if it risks wipping you out. You should only take risks, where if you lose, you don't lose much. I think the question of this thread comes from a bad place.
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I guess it depends on your risk profile.

Part of the issue with the internet is that you only tend to hear from the people that the adage of "go big or go home" worked for.
 
TheUsername said:
I guess it depends on your risk profile.

Part of the issue with the internet is that you only tend to hear from the people that the adage of "go big or go home" worked for.
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Well, the threshold for posting on the Internet is quite low. Idiots are able to do it.

The lessons is called "Head I win, tails, I don't lose much" and its from The Intelliget Investor. Risking it all to win big quickly causes people to have a high chance of losing everything. Whereas someone who takes calculated investments, where they don't lose it all if it goes bad but have great upsides, can invest for a long time and use the effect of compounding to their advantage.

The best investors are not people who got amazing, lottery like returns all at once; but ones that had mediocre returns year after year and let compounding work in their favor. The majority of Warren Buffet's wealth was acquired after he turned 65. Its like 64 billion of his money was after 65. The first 1 billion was before 65.

As someone who is 35, I feel pretty good about my investment timespan now :smile:
 
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