One Week TikTok Dropshipping Challenge ($1K+ Day Profit!)

Introduction

In this article, I'm going to take you through our exhilarating journey of starting a dropshipping business selling barber bibs using TikTok ads. We kicked things off with only $ 100 and turned it into an impressive $ 1,600 in just six days! Here’s a detailed breakdown of our actions, successes, and challenges over the week.

Day 1: Launching the Campaign

On January 29th, we officially launched our product as part of a $ 100 challenge. We allocated $ 15 for a domain, utilized the free Shopify plan, and had $ 85 left for advertising. This initial ad spend resulted in $ 169 in revenue. However, after accounting for the ad cost and shipping, our net profit for the day was a modest $ 8.

Day 2: Product Pricing Adjustments

Learning from day one, I decided to increase the product price by $ 5 to enhance our margins. This adjustment proved beneficial, as our revenue for day two soared to $ 313, while maintaining our ad budget at $ 85. This time, we ended the day with a net profit of $ 17, bringing our total profit over the first two days to $ 116.

Day 3: Scaling the Ad Budget

With a clearer picture of profitability, I decided to increase our ad budget to $ 180 by investing our profits into higher-performing ad groups. This strategy paid off tremendously, as we saw a revenue increase to $ 347 and a net profit of $ 228. By the end of day three, our total profit was up to $ 344.

Days 4-6: Rapid Scaling Strategies

Day 4: Maintaining the $ 180 ad budget resulted in $ 588 in revenue and a net profit of $ 186. I adopted a cautious approach, letting the campaigns stabilize for 48 to 72 hours before further increasing the budget.
Day 5: Feeling confident with about $ 530 in net profit, I decided to spend all our accumulated profits on ads. The total ad cost jumped to $ 530, but thanks to our proactive strategies, we generated $ 2,600 in revenue and pocketed $ 1,000 in profit.
Day 6: Unfortunately, our momentum hit a stumbling block as our ad account was suspended. We only spent $ 20, generating $ 50 in revenue. Despite this setback, our overall profit for the week reached $ 1,600.

Conclusion and Challenges Faced

By the end of day six, our overall revenue approached $ 4,500, and we made a net profit of $ 1,600. However, we faced a significant challenge when the content creator of our TikTok ads notified us of potential legal action for using their videos. Consequently, we decided to abandon the barber bibs product.

Final Overview

In mere days, we went from $ 100 to $ 1,600 in profit through strategic pricing, aggressive ad spending, and responsiveness to market conditions. While we faced challenges, the experience taught us invaluable lessons about scaling, market validation, and the importance of content rights.

Keyword

Dropshipping
TikTok ads
Barber bibs
Product launch
Ad budget
Revenue
Net profit

FAQ

Q: How much profit did you make in your dropshipping challenge?
A: We made a total net profit of $ 1,600 in just six days.

Q: What product did you sell during the challenge?
A: We sold barber bibs as our dropshipping product.

Q: What platform did you use for advertising?
A: We primarily used TikTok ads to promote our product.

Q: What was your main strategy for scaling?
A: We increased our ad budget when campaigns proved profitable and adjusted product pricing to improve margins.

Q: What challenges did you face during the week?
A: Our main challenges were suspension of our ad account and legal threats from a content creator regarding video usage.