Setting goals for your business: The RIGHT WAY to go about it!

The core of a business lies in its goals. These goals serve as a yardstick to measure the success of any business. In the absence of goals, there is no way to know if your hard work has paid off. So, goal setting is very important to the business structure and should be an integral part of it. The question now is, how do you set these business goals?

  1. Have realistic targets: In the sells like hot cakes program, we have set the goal to reach $45,000 profit per month, and there is a reason for this. Nobody is saying you shouldn’t dream BIG, but when it comes to goals, you should have realistic targets and not overt fantasies that will have you beating yourself up at the end of the day. Remember; great things have small beginnings.
  1. Be specific: Being ambiguous won’t get things done; it’ll only cause distraction and confusion. Know exactly what you want, down to the finest detail and then channel your resources towards the pursuit of that target.
  1. Remain Committed: In order to see your plan through you should stay motivated and ensure you finish what you started. Avoid procrastination and stay focused until you’ve achieved what you set out to do.
  1. Take Action! It’s one thing to say something and entirely a different thing to actually do something. The talkers of this world don’t go very far. Don’t just be a talker, BE a DOER! After setting your goals, rise up and take the necessary actions to achieve them. Actions speak louder than words…

Follow these simple principles, and you would’ve laid a concrete foundation to build your business upon. Ensure to check our video course on “Your Ultimate Blueprint to get from ZERO to $45,000 profit per month” If you can follow this guide meticulously, you are guaranteed success in your e-commerce business.

Go get em’ Tiger!

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Last Wall Comments

 
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Claudia says at 22:23 et
Welcome guys to Sells Like Hotcakes LIVE Q&A SESSION! I'd be glad to answer all your questions. Lets rock!
 
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 Mike says at 22:52 et
Great idea George.. The best thing is shopify is not just for dropshipping! You can sell your own products and even fullfill by amazon for your shopify sales. Check ByteStand and several other apps for AMAZON integration into shopify
 
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 Kenga says at 20:59 et
What if the customer goes directly to aliexpress and buys from it?
 
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 Dylan says at 21:00 et
Truth is, it was not your customer on the first place. If the person savy enough to know about dropshipping and aliexpress method then he was not your customer in the first place. No point to worry about it. It's like worry about online pirates. People who always download cracked software are not your customers anyways, don't worry about them.
Target people who are not aware of dropshipping methods and you will be just fine! 99.9% of people will never bother finding alternatives and going to aliexpress is the last thing on their mind. They might go Amazon in worst place but never aliexpress..
If they go Amazon, again, they were not your customer so don't worry about them. Some people tend do buy exclusively on Amazon Prime for example.
 
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Claudia says at 21:00 et
Another tip... if you offer some sort of exclusivity or special deal then people wont be looking much for alternatives.
I have many people ordering Dog Frisbi for example and wait 2-4 weeks just fine when they could buy it cheaper probably on amazon and get in 1 day using prime. There is room for everyone here and a huge marketplace!
 
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 Sarah says at 21:03 et
hi.. new here.. where to find bloggers influencers in my industry?
 
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 Evan says at 21:03 et
Welcome Sarah!! Try musefind, tapinfluence, tomoson, famebit. also check Groundsignal, socialchain , Shoutcart.
Or reach personally specific top influencers via their contact forms/fb messaging/youtube etc. Most have already ads department and managers to handle that.
Also bloggers you can find alltop directory..
 
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 GoldmaN says at 21:04 et
For me works best reaching influencers directly.. I never had much luck with those paid services, they are just a middleman.
 
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 Victor says at 21:04 et
Try Tomoson also, a good place to find mommy bloggers and instagrammers
 
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 Chuck says at 21:28 et
Can you guys review my Shopify store and give suggestions?
 
Claudia says at 21:28 et
Sure Chuck, go to CRITICS section!
 
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 Ted says at 23:34 et
hi guys! I finally reached broke the $500 per day in sales mark recently after 3 months of launch! Just wanted to thank you all for the great help you give to the community!
 
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 Lane says at 23:35 et
Congratulations Ted! that is fantastic.
 
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 little_tiger says at 23:36 et
Thanks Ted for sharing your experience with us.
 
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 Chuck says at 23:36 et
Awesome job, thx for sharing! That's my goal too!!!
 
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 tyro_meg says at 23:37 et
Congrats ted!!! thanks for sharing, very useful and inspiring for us who is starting out!
 
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 henry says at 23:38 et
very inspirational!!! $500 per day! where are you from? In my country it's a monthly salary!
 
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 Eddy says at 23:38 et
Next goal $1000/day!!! You can do it my man!
 
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 Nicholas says at 23:39 et
this is really encouraging, thank you Ted!
 
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 mia says at 13:24 et
Hi facebook experts.. whats the flow with trust msg and many chat bots? please help i am frustrated
 
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 Ted says at 13:24 et
1. Post top shared post (inspired message etc) and boost it to collect many COMMENTS. the engament must be FOR COMMENTS ! Very important.
like "Tell me one thing that you will trade your best friend for?"
Name your top challenge for this year?"

2. Once you have at least 100 comments on the post, run trust msg with welcome message asking something! important to ASK something. ex "Hi there! thank you for commenting my post!! By the way Whats your beloved dog name?"

3. once they reply they get collected to manychat bot automatically where you build the list,sequences etc and followup via Facebook messanger!
 
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 Jeff says at 13:24 et
are those bots legal or will get me in trouble?
 
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 Evan says at 13:25 et
they use facebook api, if you dont spam or abuse i dont see why you should get in trouble... they simply post messanges in FB messanger on your behalf. Never spam and make sure you are relevant! then you'll be fine! works great for me.
 
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 jo says at 13:30 et
The trick is to get MANY COMMENTS. find top discussed / shared posts and do similar, ASKING people for something. https://app.buzzsumo.com/research/most-shared helps to find most shared posts I neach topic
 
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 Victor says at 15:03 et
My problem is I am selling too fast and often run out of stock... Should i rise prices to slow down or let it run out of stock?
 
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 chris says at 15:03 et
Dont rise prices it will lower your BSR and ranks... Run out of stock swinging and refill fast!
 
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 Alice says at 15:04 et
forecast.ly and cashcow pro will help you manage inventory and plan better! hope it helps!
 
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 Caleb says at 00:54 et
Very excited to meet many of you guys at Traffic and Conversion summit in san diego!! You are crushing it!
 
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 Samuel says at 00:55 et
TLC2017 rocks.. rian dies and perry belcher on fire. By the way Perry is also doing sourcing from CHINA! this topic is on FIRE !!! he is doing 20 million with his strategic knife sales this year and expanding.
 
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 Ted says at 00:56 et
True, ecommerce is growing really fast. It's a golden time to start!
 
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Leslie says at 14:32 et
Thanks Diego. I did think of that. Easier to change niche than fight the crocodiles.
 
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Andres says at 04:42 et
Hello new one here.....Is there a video on how to choose your product and niche?
 
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 Mike says at 04:43 et
Of course Andres, a big part of both Shopify master and Amazon FBA video course is devoted to it, please take your time to watch!
 
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 Kylie says at 08:54 et
welcome Andres... there is also a new cool tool with automatic daily ideas for the product that sells well, called Garlic press smasher
http://sellslikehotcakes.co/garlic_press_smasher.php
 
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 Mike says at 09:01 et
Yes, for example today

Idea of the day:
Acorn Chrome Lug Nut and Lock System (1/2" Thread Size)
(Selected automatically. Come back tomorrow for more product ideas)

Sales Statistics:
Total sales volume of top 10 sellers / month: 3463 (Recommended 3000+)
On Average top 10 sellers are selling 385 units per month. (Recommended 300+)
Reviews: top 10 sellers have average 277 reviews
Average price of the product from top 10 sellers: $31.25 (Approximate FBA fees: $6.25)
Top 10 sellers approximate average gross profit per month $12846.11
 
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Claudia says at 12:02 et
right, new idea every day!
 
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 Mike says at 12:15 et
Our new Summer “Take Action” contest is LIVE!!

Details and prizes
http://sellslikehotcakes.co/blog/index.php/2017/07/08/summer-take-action-contest-live/
 
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 Vin says at 12:15 et
wow sounds great!!!
 
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 diego says at 12:29 et
Count me in!
 
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Brian says at 14:36 et
How do you know which products to use on the homepage slideshow of your site?
 
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 Ted says at 14:37 et
Use the best selling products of your website of course. You can also do the seasonal offers there (like Halloween, Christmas etc)
 
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Brian says at 18:55 et
Thank you Ted. I feel silly asking newbie questions, but it's the only way I'll get over the hump of launching my first store.