In the next 12 months or less, Knot Theory will be doing >$1M USA in revenue. I can feel it.
We are growing on Amazon, Etsy, Shopify. We’ll be expanding to Walmart.com and Sprocket.
We are adding 80% more SKUs.
Will be doing ads with Cyndi.
Will be doing more ads on Etsy.
Will be doing videos on Amazon, our website, and Tiktok.
Will be revamping our IG feed.
Will be doing engraving.
Will be creating a group called Knot Theory Test Track.
I’m all settled down in Vancouver, not travelling this year. This is the year of expansion!!
The past 30 days revenue:
Amazon US: $45K USD
Amazon CA: $10K CAD ($7.5K USD)
Amazon EU: $1.2K USD
Etsy: $7K USD
Knotheory.com: $4K USD
Total: $65K USD = $88.76K CAD
If we keep this up, this is $1M CAD / year already!
I have a feeling we’ll do even better than this. If we do 30% better, we’ll be doing $1M USDÂ / year.
I really want to join the million dollar sellers club as soon as possible. Hopefully less than 1 year from now.
So I need to look for ways to double, triple our sales.
I think in the next 3 months we can grow to:
Amazon USA: $60K/month
Amazon CA: $10K/month
Amazon EU: $2K/month
Etsy: $10K/month
Knotheory.com: $6K/month
Walmart USA & CA + Sproket: $2K/month
Total: $90K/month
That’s a 38% growth target.
I’m anticipating 25% growth from SKU growth, and 25% from engraving and boosted videos, ads effort and ad spend.