Goal Update – March 10, 2017 (Amazon FBA, Twitter, YouTube, Podcasts)

Goal Update March 10, 2017
Sharing my progress on the Q1 Goals I set.

You can see all my goal updates here.

Starting in 2017, I began publicly sharing goals related to building my Amazon FBA business as well as growing The Bootstrap Boutique. I set quarterly goals and do a check in on YouTube every two weeks to keep you updated on my progress and to hold myself accountable to working consistently towards meeting these goals.

For the first quarter of 2017, I set the following goals for myself:

  1. Sell all 500 units of my Private Label Product
  2. Launch a second Private Label Product
  3. Gain 5,000 Twitter Followers
  4. Send out 1,000 Tweets
  5. Earn 200 YouTube Subscribers
  6. Post 20 YouTube Videos
  7. Review 3 books on YouTube
  8. Appear on 3 Podcasts or YouTube Channels

So how did I do?  Let’s check in!

Sell all 500 units of my Private Label Product

So far I have sold 56 of the 250 units of my private label product.

Launch a second Private Label Product

No progress to report here.

Gain 5,000 Twitter Followers

My @megloftin handle currently has 5,371 followers.

Send out 1,000 Tweets

I’m up to 1,279 tweets on my @megloftin handle.

Earn 200 YouTube Subscribers

I’m happy and surprised to report that this channel now has 359 subscribers, exceeding my goal of 200.

Post 20 YouTube Videos

So far this quarter I have posted 25 videos to this channel.

Review 3 books on YouTube

I have reviewed 2 books on this channel, with one more coming soon.

Appear on 3 Podcasts or YouTube Channels

I have still only appeared on 1 podcast so far this quarter.

It’s been a great couple of weeks and I can’t wait to share what I’ve got coming up next. Stay tuned!

You can watch this video at The Bootstrap Boutique YouTube Channel here.

You can watch The Bootstrap Boutique YouTube Channel here.

Goal Update – February 24, 2017 (Amazon FBA, Twitter, YouTube, Podcasts)

Goal updates for February 24, 2017
Goal updates for February 24, 2017

You can find all my monthly goal updates here.

Starting in 2017, I began publicly sharing goals related to building my Amazon FBA business as well as growing The Bootstrap Boutique. I set quarterly goals and do a check in on YouTube every two weeks to keep you updated on my progress and to hold myself accountable to working consistently towards meeting these goals.

For the first quarter of 2017, I set the following goals for myself:

  1. Sell all 500 units of my Private Label Product
  2. Launch a second Private Label Product
  3. Gain 5,000 Twitter Followers
  4. Send out 1,000 Tweets
  5. Earn 200 YouTube Subscribers
  6. Post 20 YouTube Videos
  7. Review 3 books on YouTube
  8. Appear on 3 Podcasts or YouTube Channels

So how did I do?  Let’s check in!

Sell all 500 units of my Private Label Product

Finally, finally, finally I’ve got some products sold, I am on the board with Amazon. And so as of last night I had 37, actually 38 by the end of the night products sold at Amazon and I had only shipped in 50 so that is good news. The bad news here is that they haven’t put all my products into inventory yet, or they don’t all show available if you go to my product page. I’m not sure why, I wasn’t eligible to do research on it until today so that is next on my project list after I finish this video actually is to find out what happened to those other units that aren’t in inventory yet.

I’ve already sent in my second shipment of 50 because my product right now is only showing that I have 2 left, so for the first day since my product went live, I’m like “please, maybe don’t have any sales today.” Because I don’t want to go out of stock, I don’t know if that’s going to help me or hurt me or what, but I’d kind of just rather have those 2 units sitting in inventory and available until the other stuff gets found, I don’t know what happened to it. But more to come.

The good news is when I created my shipment plan yesterday and shipped the products, they are actually staying in the same state and are just going about an hour up the road so I’m hopeful that they will be received into the warehouse today and put into inventory fairly quickly.

I’ve been on the road this week, so as I was traveling and I was out of state, I was watching my sales come in. And I was like, excited but also felt completely hamstrung because I wasn’t where I could get my products and get them shipped in in time. So its, been, you know, exciting and fun but also it’s nerve wracking. This whole thing is nerve wracking right now as I’m trying to figure out and learn what I’m doing.

Launch a second Private Label Product

My goal number 2 is to launch a second product this quarter. I’m still just, two things here. I’m still researching, I’ve got two pages worth of items that I want to go deeper on and look at more closely and try and figure out, do I want to kind of stay within this area where product number one is or do I want to just go pick something else where I think I can make some money. And I don’t know yet. I haven’t decided yet exactly what I’m going to do.

Also, I’m still waiting on my first transfer of money from Amazon to me for products that I’ve sold so I can get a little more cash into the business and use that cash to reinvest into more product. So, still kind of waiting on that and you know, just trying to do some deep dives and smart decisions about what product number two is going to be.

Gain 5,000 Twitter Followers

So let’s move over to Twitter. This is crazy, I have hit my goal of 5,000 followers on Twitter. I actually have 5,062.

And that is, it’s just a function of focus. I say I’m going to focus on Twitter. I’m not going to do SnapChat, I’m not going to do Pinterest. I’m not going to do Instagram, I’m just going to focus on Twitter for social media.

And when you put your focus there and you put your attention there and you spend time there and you engage with people on the platform, then people want to follow you, and so I think  that’s kind of been the secret to why I’ve been able to do this just 2 months into the quarter. I really did not think it would happen that quick, but it’s awesome that it did.

Send out 1,000 Tweets

To go along with that I have also exceeded my goal of number of tweets on the platform. So I wanted to hit over 1,000 total tweets in the quarter and I’m now at 1,156. And that’s just going to continue to grow because I’m not going away from the platform, I’m not going to leave it.

Earn 200 YouTube Subscribers

Youtube subscribers. This is a number that has just continued to grow and it’s been so much fun to watch. And what’s impressive to me about this chart is just how steady the growth has been.

I mean, its not like there’s some video that went viral and picked up a bunch of attention or anything like that, it’s just been this steady march upward and its been a lot of fun to watch and you guys know, I’m so thankful for you guys being here and watching these videos and supporting what I’m doing and hopefully learning and also sharing what you’re learning as we head down this road.

Post 20 YouTube Videos

Ok, here’s another goal that we’ve hit for the quarter you guys. I told you we were killing it, I’ve got 70 live videos on The Bootstrap Boutique Youtube channel. Started with 49. And that means that I have posted 21 videos and I had a goal of 20.

We still have a month to go, there’s still a lot more fun stuff to come. So I just, you know if you guys weren’t watching and engaging, I would still do these videos because they hold me accountable, but it is so much more fun to hear from you guys and hear what you’re working on and the questions that you have. So just keep them coming because this is all about the community.

Review 3 books on YouTube

As far as books reviewed, I haven’t updated that last circle yet because I don’t like to talk about stuff here until it has actually gone live on the channel, but just know that I do have a book review coming in a week or two and I can’t wait to share it with you, it’s an awesome read.

And if you’re at all interested in Youtube then you will get a lot out of it. So stay tuned, more to come in that space.

Appear on 3 Podcasts or YouTube Channels

Same thing here with Appearances and Collaborations, I don’t update the circles because I don’t talk about stuff and count chickens before they’ve hatched and all that fun stuff, but I have been in talks with a couple of other people about doing some stuff on a YouTube channel, on a podcast and so I’m just really excited to get that stuff out there and put together and when its done I will be sure to tell you about it.

So that’s what I’ve got this week. As you can probably guess my focus is really on sales at Amazon and as soon as those products I shipped yesterday go live I will be just jumping on it. Actually that reminds me I need to go turn off Pay Per Click (PPC) because otherwise I’m spending money on ads, does Amazon automatically stop Pay Per Click if you don’t have inventory? I don’t know, that’s something I need to go find out. I’ll let you know what I find out guys. You have a great weekend, I’ll talk to you next time, take care.

You can watch this video on The Bootstrap Boutique YouTube Channel here.

You can watch The Bootstrap Boutique videos on Youtube here.

Goal Update – February 10, 2017 (Amazon FBA, Twitter, YouTube, Podcasts)

Goal Update February 10, 2017
Check in for a Goal Update from February 10, 2017

Starting in 2017, I began publicly sharing goals related to building my Amazon FBA business as well as growing The Bootstrap Boutique. I set quarterly goals and do a check in on YouTube every two weeks to keep you updated on my progress and to hold myself accountable to working consistently towards meeting these goals.

For the first quarter of 2017, I set the following goals for myself:

 

  1. Sell all 500 units of my Private Label Product
  2. Launch a second Private Label Product
  3. Gain 5,000 Twitter Followers
  4. Send out 1,000 Tweets
  5. Earn 200 YouTube Subscribers
  6. Post 20 YouTube Videos
  7. Review 3 books on YouTube
  8. Appear on 3 Podcasts or YouTube Channels

 

So how did I do?  Let’s check in!

Sell all 250 units of my Private Label Product

0 / 250

So you guys know that I’ve got my first product live on Amazon, I am super excited. It just went live yesterday, or maybe the night before, but anyway. I haven’t sold anything yet, which is fine. I’m running PPC so just waiting for that to kind of kick in and find me some good keywords to focus in on.

But do you notice anything different about this chart that I’m showing on the screen right now? Give you a second. Ok, look at that top number. 250. What did that say last time we checked in? 500. I got my shipment in and it’s 250 units, not 500 units. And at first I was like, “uhh, what happened?”  So I went back and looked at my purchase order and nope, Megan you ordered 250 units. Not 500 units.

And on one hand that’s ok, You know it’s ok, its less to sell and I’m glad I don’t have 50 boxes in my house because they are kind of sizeable. The problem is that my product cost is double what I thought it was. So it is going to be almost impossible for me to make a profit because my product cost is actually right under $13, actually $12.92 and I thought it was going to be more like $6.50 so I have almost no margin. I don’t know what I’m going to do. I’m probably taking a hit on profitability on this first product.

So, I am very upset with myself. I don’t want to talk about it anymore. Maybe another time.

Launch a second Private Label Product

Let’s move on to the second product, I’m still in the research phase, still using Jungle Scout.

What I’ve actually done is I took a sheet of paper, I’ve got it around here somewhere, but I said I’m not even going to start pricing and sourcing until I can fill up this whole sheet of paper with good ideas and so I have been spending lots of time in the bowels of the Amazon search engine trying to uncover some good opportunities.

I do have 2 or 3 things I’m pretty excited about but I’m really just, I think the problem might be with this first product is that I didn’t go deep enough, so I’m trying to go super deep this time and just make sure I’m on more solid footing with what I am trying to source.

So, I’m still working, I’m working really hard on this one actually. Like my two main focuses right now are optimizing the listing for product one and really digging deep on product 2. That’s where I am right now.

Gain 5,000 Twitter Followers

4522 / 5000

Moving over to twitter, I am so close to my goal of 5,000 twitter followers as of today I am at 4,522 people following the @MegLoftin handle which is just incredible.

I really enjoy Twitter, I hadn’t really been on it before, I’ve had this handle for a long time but I just kind of grabbed it a while back so I could get my name, but I hadn’t ever really used it until the last 8 or 9 months or so.

But I really enjoy twitter, I enjoy checking in on it and interacting with people so if you are on twitter make sure that you are following me @MegLoftin come say hi.

Let’s be uhhh, twitter friends, I don’t know what that’s called.

Send out 1,000 Tweets (GOAL MET)

1061 / 1000

Ok the second goal related to twitter at least is to have over 1,000 tweets on my @megloftin handle, I have surpassed that now as of this morning I was at 1,061 and you know that just continues to keep happening because like I said, I enjoy Twitter.

I enjoy interacting, I enjoy being there , so I have definitely already hit that goal with really just a month in, 6 weeks in maybe to this quarter so that number is just going to continue to grow because I like tweeting.

Earn 200 YouTube Subscribers (GOAL MET)

288 / 200

Wow, you guys. YouTube subscribers, we are up to 288 on this channel.

So that is amazing, thank you, and you know I’ve been adding about 20 a week or so and I just hope that continues I think I’ve got some really good videos coming up that I hope appeal to people and make them want to hit that subscribe button so we can continue to grow and learn from each other and help each other.

So again, if you think these videos are worth watching, maybe you think they are worth sharing too and you can tell your friends that are interested in Amazon about it and we can just kind of all grow together. Let’s do it.

Post 20 YouTube Videos

15 / 20

The next YouTube goal was to have 20 videos at The Bootstrap Boutique channel, I’m up to 64 videos now from 49 so well on the way to hitting, I’ll actually hit 20 here pretty soon.

Probably by the next goal update or the one after that. So I’m not worried about hitting this goal, I’m definitely going to exceed it, doing the 2 videos a week plus the one every other Friday definitely puts me in the ball park to hit 20 in the first quarter so that’s awesome!

Review 3 books on YouTube

2 / 3

The next goal was to review 3 books at The Bootstrap Boutique channel in the first quarter so you guys know I did Eat That Frog!

I also did 5 book reviews in 1 video but they were only 1 sentence each. So it’s really what is the essence of this book. And I just did classic books that everybody that is interested in running a business should absolutely read, there’s no doubt about that for any of these books. Got some good feedback on it, people seemed to enjoy it.

I don’t know that I’ll do it again because I’m just trying to fill out one more space which I already have the book ready to go, I’m really excited to share it with you for my last one for this goal, but as things come up in the future, especially if I can kind of find a theme, like this one I was calling the “classic business books” so maybe we’ll do a productivity one or something like that. I don’t know. Stay tuned.

Appear on 3 Podcasts or YouTube Channels

1 / 3

And then the last goal that I have was the 3 appearances and/or collaborations on podcasts on YouTube channels, on whatever and I still only have in the books Be Moving Forward with John Lim that is coming out March 7th.

I’m super excited about that. I do have a meeting on the books this afternoon to talk with another creator about doing some collaboration stuff so I’m super excited about that.

Of course I will keep you guys posted. And then we would just be looking for one more opportunity.

If you know somebody that you think I would be a good fit for and mesh well with and you want to see me pop up on their podcast, on their youtube channel, on their blog, whatever, just let me know. I am open.

Wrap Up

That’s going to wrap it up for this 2 week period. As you can see, there’s a lot of work to do still on the Amazon stuff, the YouTube, the Twitter, we’re making progress there. But let me tell you, my focus is really going to be on marketing that product. I’ve got some fun ideas and things I’m trying out to drive traffic to my Amazon listing. So more to come there, I will be sharing it all along the way, of course. And I will talk to you next time. Take care!

You can watch this video on The Bootstrap Boutique’s YouTube Channel here.

You can see all The Bootstrap Boutique’s YouTube videos here.

Goal Update January 13, 2017 (Amazon FBA, Twitter, YouTube, Podcasts)

goal update report january 13 2017
Goal Update Report for January 13, 2017.

You can find all my goal update videos here.

Starting in 2017, I began publicly sharing goals related to building my Amazon FBA business as well as growing The Bootstrap Boutique. I set quarterly goals and do a check in on YouTube every two weeks to keep you updated on my progress and to hold myself accountable to working consistently towards meeting these goals.

 

For the first quarter of 2017, I set the following goals for myself:

 

  1. Sell all 500 units of my Private Label Product
  2. Launch a second Private Label Product
  3. Gain 5,000 Twitter Followers
  4. Send out 1,000 Tweets
  5. Earn 200 YouTube Subscribers
  6. Post 20 YouTube Videos
  7. Review 3 books on YouTube
  8. Appear on 3 Podcasts or YouTube Channels

 

So how did I do?  Let’s check in!

Goal Update January 13, 2017

Sell all 500 units of my Private Label Product

0 / 500

Regular watchers will know that my product is currently in China, so I haven’t been able to sell any units yet.

Launch a second Private Label Product

I have a few good ideas for my second product and am using Jungle Scout to validate them.

Gain 5,000 Twitter Followers

3546 / 5000

I started the year with 2,679 followers and have seen a steady increase as a result of being active on the platform.

Send out 1,000 Tweets

814 / 1000

I started the year with 722 tweets and have been tweeting regularly.

Earn 200 YouTube Subscribers

211 / 200

I started the year with 182 subscribers and am humbled by the fact that there are now 211 of us here on The Bootstrap Boutique.

Post 20 YouTube Videos

4 / 20

I started the year with 49 videos and now have 53 live youtube videos.

Review 3 books on YouTube

0 / 3

I have a book review ready to go, but it’s not posted yet.  Coming soon!

Appear on 3 Podcasts or YouTube Channels

1 / 3

I’m excited to announce that I will be on John Lim’s podcast, Moving Forward, in March!

 

It’s been a great couple of weeks and I can’t wait to share what I’ve got coming up next. Stay tuned!