How I Went from $500 to $25 million Per Month

Рет қаралды 94,582

Күн бұрын

Hey guys, Davie here 🙂
I founded The Oodie three years ago and now have over 10 brands worth millions. I want to share with you my top success tips I have learned on my way to making $20 million a month. I wish someone was telling me this kind of stuff when I first started so I hope these tips will help you grow your business and find financial freedom.
Timestamps:
00:00 My top 10 success tips
00:18 Always be learning, always be curious
01:45 Constantly reinvest your money
04:43 Invest in your team early
06:51 Learn when to quit
07:39 Block out hate
08:19 Invest in family and friends
09:24 Find a mentor
10:34 Stay focused
11:17 Learn from every single person
11:55 Avoid burnout
Join my Mentorship Program: 👇
/ @daviefogarty
These are the successful business people I mentioned:
Naveen Jain
Steve Jobs
Books mentioned:
A Random Walk Down Wall Street - Burton G. Malkiel
Rich Dad Poor Dad - Robert T. Kiyosaki
The Intelligent Investor - Benjamin Graham
Drop a comment below if you've got any questions, feedback or videos you'd like to see in the future! I'd love to know.
DISCLAIMER: The content provided in this KZfaq video is for informational purposes only and should not be considered as professional advice. Any recommendations, reviews, or opinions expressed are based on personal experiences and research, and individual results may vary. Viewers are encouraged to conduct their own due diligence and consult with relevant professionals before making any purchasing decisions or implementing strategies discussed in this video. The creator of this content shall not be held liable for any direct, indirect, incidental, or consequential damages arising from the use of information presented herein.
Don't forget to Subscribe on KZfaq and follow me here:
Instagram: / daviefogarty
TikTok: / daviefogarty
Facebook: / davieventures
Twitter: / daviefogarty
LinkedIn: / daviefogarty
#successtips #ecommerce #ecommercebusiness #daviefogarty #millionaire #millionairemindset

Пікірлер: 252

@ajsyms 2 жыл бұрын

So much value you're dropping right now Davie!! Please keep it up! This is invaluable content for myself and other aspiring business owners!! Thank you so much!

@DavieFogarty 2 жыл бұрын

Thank you! Will do!

@zhendee 2 жыл бұрын

Great knowledge. Thanks so much Davie. I'll apply all of these tips.

@halfenduro5977 2 жыл бұрын

These tips really resonate with me! I’m in my 20’s with 2 kids under 3 and everyone thinks when you have kids your life is over. You cop a lot of hate for chasing entrepreneurship and putting everything on the line because “it will never work”. We now run a 7 figure online business, my family and friends don’t even know. Coming from a low economic background it’s hard to find good mentors but these videos really help! I’ve learnt a lot from you in such a short time. Thank you for your mentor ship! One day we will meet and I’ll thank you in person (and also pick your brain to bits 😂)

@zachdinge 2 жыл бұрын

Awesome stuff bro!

@thehugowong 2 жыл бұрын

Absolutely agree! Yeah I haven’t taken a single penny out of my stores, just constantly reinvesting 🤙🏻

@harrys392 2 жыл бұрын

Hey Davie, could you do a video on managing people and leadership? I'd really appreciate it!

@DavieFogarty 2 жыл бұрын

Sure!

@willkrasch1900 2 жыл бұрын

@@DavieFogarty Can you also go more into how to find the right people to hire. My business is at a point where I want someone to look after my social media/content creation, but not sure where these people who fit my criteria are hiding

@papichoi1433 2 жыл бұрын

Id love to see that

@vimalcurio Жыл бұрын

@@willkrasch1900 we can help you

@smallturnsBIG 2 жыл бұрын

Davie don't be too harsh on yourself. I really love your videos because its very authentic, honest, and genuine! That makes it great. If one looks closely, one can see that you are not comfortable yet but in the next few months that will change very fast. Just do keep on doing it and it will start to flow. Thats how I started and now I have a huge audience on tiktok. - I would love to get in contact with you once I start my second shop this year. I am sure you might be able to help me with a problem I will run in to while operating.. Take care and looking forward to more of your shop building videos!

@caseofthis3014 2 жыл бұрын

Oufff Davie that was uplifting and calming thank you for sharing your experience and knowledge... Bless you and your beloveds

@josh.campbell 2 жыл бұрын

Such an inspiring story, and thanks for being so transparent and also vulnerable with us along the way Davie! Keep up these gems!

@FishingWithMichaelTruong 2 жыл бұрын

Probably one of the most down-to-Earth and useful videos I've come across on KZfaq :) rock on man!

@DavieFogarty 2 жыл бұрын

Glad it was helpful!

@qutaibazarzour 2 жыл бұрын

Great tips, thank you, Davie!

@Kekreator 2 жыл бұрын

Such nice video as always! Thank you to share you mindset and your tips!

@chrisashby32 2 жыл бұрын

Great advice as always. Love your videos man!

@safespacesounds5920 2 жыл бұрын

Hi Davie! That’s amazing!! I’m on my way to my first sale, I appreciate your knowledge and expertise :))

@islaabadsantos1944 2 жыл бұрын

Amazing video, Davie!! You are the best! Always looking forward to your videos.

@DavieFogarty 2 жыл бұрын

Thank you, I'm glad you like them :)

@aloysiusc6707 2 жыл бұрын

Hey Davie, loving your value bombs - its not going to solve every problem for everyone but it does help plenty of people! Here's a niche question - you mentioned in this video you wished you took on VC funding earlier -- I suppose your companies were really profitable so there were no immediate need. Where do you think is the line to draw between taking in outside capital vs using your own funds ( assuming the business is breakeven but growing in revenue )

@fedorlevikov2960 2 жыл бұрын

Awesome video! thanks Davie! :)

@l3andr06 2 жыл бұрын

thanks for your generosity men, so good to have this is here in youtube... this is positive vibe

@isaiahling1911 2 жыл бұрын

Love the video Davie. Thanks mate

@AnjuliMack 2 жыл бұрын

LOVE your videos and tips, thank you!

@trinawulf.02 2 жыл бұрын

Thanks for the great Tips Davie. Can you make a video about your daily routine?

@samphaura 2 жыл бұрын

Thanks for the value as always! This opened my eyes - even being successful with e-commerce i will lack in a lot of these areas. Team building is my biggest bottleneck.

@nicegramwholesalebit1608 2 жыл бұрын

Hit me up for proper consultant👉

@darndarn99 2 жыл бұрын

What an inspiring young man . My son is 22 and I am going to send him a link to your channel .

@callygel6157 2 жыл бұрын

Hi Davie, keep the content coming you are 100% real and a beacon of inspiration to entrepueners! i love the honesty and holistic approach!

@MuadhA 2 жыл бұрын

Currently 21 started investing in index funds last year and doing many of the things your saying in my e-commerce journey. Love to hear real world validation ✌🏾

@DavieFogarty 2 жыл бұрын

Great work starting early - don’t stop now

@bigsistere1776 2 жыл бұрын

Great work, Davie! You really provide lots of useful contents in your video. I just ordered some books you mentioned in the other video. Can’t wait to read them. By the way, my OODIES are on the way 😀. Keep up the good work and wish you all the best👍🏻

@callmespitz 2 жыл бұрын

Great vid. Cheers.

@moneyculture 2 жыл бұрын

Thank you so much for the value you are providing. Your tips are super inspiring. Could you recommend a book on digital marketing? Cheers

@brennyakeripa 2 жыл бұрын

Awesome tips mate!

@DavieFogarty 2 жыл бұрын

Glad you like them!

@patrickharrison9430 2 жыл бұрын

Great video!! Your content is by far the most honest, direct and useful

@DavieFogarty 2 жыл бұрын

Thanks Patrick

@CohenLeBanquier 2 жыл бұрын

Amazing video, Davie ! Love how you are open to speak about the fact that you weren't confortable speaking in public at first. We couldn't guess it at all by watching you today but that's so inspiring and important to show people what work and improvement can bring in ALL aspect of life. Thanks you for all this content.

@josephinesbeautymagnets6787 2 жыл бұрын

Hey Davie! I binge watch all your videos last couple of days and took notes, THANK YOU! 😇

@DavieFogarty 2 жыл бұрын

Glad you like them!

@josephinesbeautymagnets6787 2 жыл бұрын

@@DavieFogarty yes, you are inspiration, I already had one business, but now I'm shifting online. Keep the videos going please. 😀🌻

@MustangBence 2 жыл бұрын

You helped me realize I'm on the right path in the first minute davie, thank you.

@joshuamichaelcook1987 2 жыл бұрын

tips are very useful !! goodstuff thanx

@DavieFogarty 2 жыл бұрын

Glad it was helpful!

@hardeepandfast 2 жыл бұрын

A youtuber e-commerce coach giving "boring" but very good advice on investing in index funds vs buying fancy cars! Level 100 credibility from me!

@KermitTheArchitect 2 жыл бұрын

Hi, Davie, can you give tips about how to create the production cycle? Marketing, selling, finding the right products is for me the half of the job, but producing them or finding people who can give the quality you need is another. How to balance cost/quality in a reasonable timelapse? Most of the producers don't want to produce low amount of goods, as its not worth the cost, making it a bit harder to startup your first sales. (especially textile)

@papichoi1433 2 жыл бұрын

Davie, if you started from scratch but with all the knowledge you have now, how long do you think it would take to reach your current level? Like if you were doing a speedrun of e commerce?

@umxtkuxt 2 жыл бұрын

Such a gentleman. You’re doing a awesome job at public speaking Davie, keep it up. Thank you for sharing.

@DavieFogarty 2 жыл бұрын

Thanks so much :)

@brozillah6675 2 жыл бұрын

More awesome content as usual, thank you Davie! I'm curious as to whom such a successful person would have as a mentor? Care to share? :)

@evantfunk 2 жыл бұрын

It was great to hear about reinvesting everything. I've been getting down on myself because I haven't been able to take a large amount out of my business even with 500% growth yoy. We've been having to reinvest in inventory and ads. Good to hear this is a normal thing.

@DavieFogarty 2 жыл бұрын

Great work! It's definitely normal :)

@evantfunk 2 жыл бұрын

@@DavieFogarty Thanks! I enjoy your content and the value that you bring. I have a few suggestions for videos if you don't mind. 1. Shopify plus, is it worth it? 2. Raising money from investors. What's an appropriate interest rate to offer? 3. Going abroad for manufacturing and maintaining trade secrets.

@oscarbenn5772 2 жыл бұрын

Hey Davie, I just wanted to say that I love how humble you are and how you're not doing these videos to glorify yourself. It's such a breath of fresh air and you really stand out from the rest. I have just started with ecom and I'm really loving your videos and learning a lot from you! Keep up the good content!

@DavieFogarty 2 жыл бұрын

I appreciate that!

@justinhughesofficial 2 жыл бұрын

Great tips as usual mate

@ansel.thegreat 2 жыл бұрын

Very insightful video, although most traders are searching for that elusive method where they never lose or can win eight or nine trades out of 10, amassing huge profits in a short amount of time with little or no risk.

@upperechelon__ 2 жыл бұрын

successful trading takes time. There is always a risk, and it needs to be defined and controlled

@olgapedersen 2 жыл бұрын

Trading is like anything in this life...if you go unprepared, you will be burnt. only a few have turned $1,000 into hundreds of thousands. Most people will not.

@johanlars4250 2 жыл бұрын

The thing is some strategies are extremely hard to understand and it’s not really easy to incorporate into my trading plan, it’s really exhausting tbh.

@loualtivo 2 жыл бұрын

@@johanlars4250 it’s best you try out what works for you, understand it and stick to it. Trading is mentally tasking, you should probably get an expert to trade for you. Its a surer way to mitigate risk and earn while you learn

@jessicakohath 2 жыл бұрын

Having professional help is quite underrated in these parts, meanwhile most high net-worth individuals leave the hassle of trading to experts and make big bank every other year. Skepticism is often the killer of progress.

@mattbrowne5263 2 жыл бұрын

"If you're the smartest person in the room, you're in the wrong room" ... That's golden

@yolandeshel8456 11 ай бұрын

You are amazing and thank you for sharing your success

@Ayushjain-ws7jz 2 жыл бұрын

Good stuff man! Also can you make a video of starting from scratch and advertising?

@papichoi1433 2 жыл бұрын

Bro your video fast tracked my journey as an entrepreneur by like 10x thank you so much 🙌 I hope in the future I can find some way to repay you

@razklein7743 2 жыл бұрын

I feel super lucky to watch your videos, thanks Davie

@channy2493 2 жыл бұрын

Hey Davie, did you do any courses or do you have any mentors you recommend? Or did you mainly learn from your mistakes?

@SSMinds 2 жыл бұрын

Thanks for this. Could you do a deeper dive into the metrics you use to determine what is a success and how you set it us as a dashboard easily

@Rosejordy 2 жыл бұрын

Great content as always! Thank you

@DavieFogarty 2 жыл бұрын

Thanks :)

@amiasyaska8447 2 жыл бұрын

Can't thank you enough. I really appreciate the free information you are offering to us♥️♥️

@DavieFogarty 2 жыл бұрын

Happy to help!

@AlexsMoneyBehaviours 2 жыл бұрын

Didn’t expect to see investment advice here but fully agree and love the book recommendations. All fantastic books.

@nicshun4553 2 жыл бұрын

😊😊We are waiting for the full tutorial on creating a shopify store. Thank you 😊

@alchemyr6380 2 жыл бұрын

What an absolute lad! Love your videos man, keep them coming

@DavieFogarty 2 жыл бұрын

Thank you!

@Andmaj 2 жыл бұрын

Bro you're massive! I live in a smallish town along the coast in NSW and everyone has an Oodie haha! I just wanna say congrats and im sure there was many years of struggle, learning and hardwork before this. I just have one question, how did you come up with the product and how did you make it?

@ThreeTwentyTech 2 жыл бұрын

Great tips, Davie! I think it's super important to invest within ourselves into things like public speaking. Being the leader of your companies, you need to be able to be confident and have clear communication and public speaking is great for both of those aspects! 💪🏻

@DavieFogarty 2 жыл бұрын

Agreed!

@r.sterling1913 2 жыл бұрын

Very good advice. Thank you

@DavieFogarty 2 жыл бұрын

My pleasure!

@oliverlenehan1170 2 жыл бұрын

Hey David loving the vids. I was wondering if you could make a video on the right people to hire in depth and all the legal stuff of creating a business in Australia. Thanks

@DavieFogarty 2 жыл бұрын

Great ideas, I'll add these to the list :)

@robynconnelly2805 2 жыл бұрын

Hi Davie - have you used Professional Designers for any of your products and if so, at what stage in the process did you engage them? Also, where did you source them from? Thank you

@noonanation 2 жыл бұрын

"If you're the smartest person in the room, you're in the wrong room". 💯💯💯

@ThienNguyen-pc5fj 2 жыл бұрын

Great content as always. I hope to share a success story with you one day =)

@dynamlllilte4230 2 жыл бұрын

The amount of knowledge in this video is mindblowing thanks for giving up this amazing life advices!

@DavieFogarty 2 жыл бұрын

Glad you enjoyed it!

@methods_9952 2 жыл бұрын

Hey Davie, are you going to make a branded dropping course or what departments you should hire people in. thanks !

@HaroldA0 2 жыл бұрын

Take a look at his KZfaq banner 😉…

@winwim 2 жыл бұрын

yes, i found my mentor right here, awesome Davie

@dominik-- 2 жыл бұрын

Great video as always. From my side i can add great book to read. "Atomic Habits" was life changer for me. Iam only 1 month after adding some of habits and boi they work. Really recommend it and please be patient big things dont come over night.

@georgigeorgiev7380 2 жыл бұрын

Hey Davie, My product has a lower profit margin which doesn’t allow me to advertise on facebook (at least profitably). Should I continue working with it or find something else I can actually scale?

@Sambathfilm 2 жыл бұрын

Love Oodie and love Davie. Thanks for the advice.

@DavieFogarty 2 жыл бұрын

You're welcome! Thanks for watching :)

@lerroypereira7009 2 жыл бұрын

Hello davie I had a question. With the odie you mixed a hoodie and a sweater. Once you came up with the idea how was it executed?? Did you get your supplier to make this improvement for you??

@rossliu1621 2 жыл бұрын

Hey Davie, do you think we should be have knowledge on the industry/ area of the product we're selling / drop shipping? e.g. to sell a curling wand i should have like makeup or hair styling expereince, or if i were to choose to sell a a pet bed i need to have abed. I know you said to observe the market, and see the trends and also what is currently in emand, but is that enough? or should we do products that we should specialise in? Of course research before hand is necessary and i know that for sure its amazing to see you grow live - been following your youtube since your first two videos!

@skyrian2454 2 жыл бұрын

Quick question about Tip 7: Mentorship Where do you find a mentor? I understand the easy to find ones that dominate their industry, but as you said those people don't have time to mentor a stranger. Do you find mentorship works well if you are paying for their knowledge? Honestly a whole video on mentor/mentee stuff would be super interesting.

@andrewcottee2045 2 жыл бұрын

So down to earth and inspiring :)

@JordanWelch 2 жыл бұрын

Thanks for this one, super valuable

@DavieFogarty 2 жыл бұрын

Thanks mate 🙏🏻

@umaramadu6798 2 жыл бұрын

My favourite Jordan here

@bakeraus 2 жыл бұрын

You're great at speaking to the camera for the YT videos. Thanks for the knowledge Davie, the new titles are great.

@ttn2010 2 жыл бұрын

Hey, When hiring an agency to take care of your campaigns, how do you know which agency to hire? What sort of questions do you think we need to ask? Thank you.

@walidRAHALI1 2 жыл бұрын

Hi chef, really appreciate your video, one question please..is Facebook ads the only platform you're using to advertise ? Thanks in advance

@jacklesina1678 2 жыл бұрын

I love you opening the flood gates! You’re such a real person man listening to you in my oodie haha love your tips!!!!!!

@DavieFogarty 2 жыл бұрын

Love it Jack - thanks for the support

@zevibayer 2 жыл бұрын

Thanks for your videos

@zamaryaryan6443 Жыл бұрын

Thank you Davie your an inspiration for us u are teaching me a lot

@Barton_mak 2 жыл бұрын

Bruh I love all these value boom! But your video got me goosebumps by the weird underlying sounds lol Was in my room by myself while traditional Chinese ghost month ( an Chinese version of Halloween but no celebration) LOL Still thank you for all this information!

@schoey13 2 жыл бұрын

How long should a recharge last like a day to recharge or should there be small recharged throughout the day also I hope this message reaches you well and I would like to thank you on helping with some of my uncertainties

@jirucchi01 2 жыл бұрын

It's kinda ironic how the one person whom I want to be my mentor is the person who doesn't sell course 😂 But then again that's what I love from you and your channel 🥰

@eliroberts7578 2 жыл бұрын

Same lol

@billfranciscotp1975 2 жыл бұрын

Me too! It’s awesome

@ChrisTeeGaming 2 жыл бұрын

Tip 11: keep your office clean, tidy and vacuum up after your puppy.

@dinosaurizedanarmystore8629 2 жыл бұрын

Thank you Davie.

@iigormata Жыл бұрын

Thanks!

@danieltadesse1922 2 жыл бұрын

Hey Davie, your journey is truly inspiring! Love watching your videos mate! Quick question, Is there any bookkeepers you recommend in Australia that specialise in ecommerce? We are close to become a 7 figure brand, our accountant lacks experience in ecommerce so we have been having issues getting an accurate profit and loss report. Your recommendation is really appreciated!

@christopherschauf2550 2 жыл бұрын

I agree with some of the other comments. Would love to know more about your talent acquisition process. How do you decide on the requirements for a role, how do you attract talent/advertise your companies as a great opportunity to the right people, how do you screen applications and onboard new hires? Noah Kagan did some great posts on the topic but sadly stopped doing so. Thanks a lot in advance!

@MrAngelIsland 2 жыл бұрын

Hey Davie, do you use any split testing software?

@rarotime5555 2 жыл бұрын

Thanks mate

@sewerynadamski5581 2 жыл бұрын

Hey, great video. What do you think is the minimum capital you need to start testing products through dropshipping ?

@mohamedrifai9845 2 жыл бұрын

🙆‍♂️

@pranjitdeka6006 2 жыл бұрын

1000$ would be minimum

@biggord21fabian16 2 жыл бұрын

No minimum. Why? Because usually you go break even. I startet with 0, worked at the same time for like 3000 and at the end of the year, testing 50 products I still had 3000 (all of the products failed due to lack of knowledge in marketing)

@frank.wboston 2 жыл бұрын

I'm currently going in full bro, thanks for the value ✌️

@zachmcq1202 2 жыл бұрын

Maybe I missed it but can you do a video on how to run ads? Plz mentor me!! Out of anyone I've watched videos on you are the only person I would trust! Thanks for the content!

@zachmcq1202 2 жыл бұрын

I commented this mid video before you mentioned mentors in your video and said you can't 🤣 🤦‍♂️

@Stephanie-fp5lg 2 жыл бұрын

Hey Davie, thanks for posting your videos! I’m currently in the process of building my store & just purchased my sample from Ali Baba. Am I able to ask you if this product would be a hit or not? I personally believe in the product & hope it will. Let me know :)

@Blinkonceifyougay 2 жыл бұрын

Next video idea: Apps/softwares you need for your store.

@oroalights9447 2 жыл бұрын

Hi davie, ive been doing ecommerce for more than a year now and im 17 but i have lost all of my saving in ecommerce over the past year, is it normal since im learning. Any advice from you?