Park Young's Journey: From Online Shopping Mall to Brand Success

Park Young shares his journey from starting an online shopping mall to achieving 77 billion in sales, offering insights on business success.

### Park Young: The Inspiring Journey of Building a Successful Online Shoe Shopping Mall
* 👟 Park Young, the founder of an online shoe shopping mall, shared his journey of transforming his life from **facing financial difficulties** to **achieving great success**.
* 🛠 He started his entrepreneurial journey by running an online shopping mall called Unnie Gudu, which reached daily sales of **100 million Korean won** and eventually recorded **77 billion won in sales**.
* 💻 Park Young emphasized the importance of Facebook advertising in generating revenue, showcasing how he maintained a **high advertising ROI** by focusing on Facebook ads.
* 🏆 Despite facing challenges and accumulating over **100 million won in debt** at a young age, he persevered and found **motivation to succeed**.
* 💰 By continuously saving money and engaging in various economic activities since childhood, such as selling game items and creating and selling special IDs, Park Young developed a **strong money-making mindset**.
* 📉 He experienced failures in his early business attempts due to inefficiencies in managing employees and advertising expenses, but he learned from his mistakes and worked hard to find a **successful growth formula**.
* 📈 Park Young's online shoe shopping mall saw significant revenue growth by introducing a service to **widen shoe widths**, creating **viral video ads**, and opening **offline stores in department stores**.
* 🌏 He expanded his business to overseas markets such as Japan, Taiwan, and the United States, leveraging the global e-commerce platform **Cafe24**.

### How to Run and Grow Your Own Online Shopping Mall Successfully
* 💡 Online shopping malls run by monthly vendors have been highly successful, and they are now perceived as **brands**.
* 🛒 The trend in 2024 is that when you open an online shopping mall, it becomes a **brand**.
* 💰 Successful online shopping malls can be sold for **significant amounts**, with some even going **public**.
* 🎯 By focusing on **one well-managed product** and running **efficient ads**, online shopping malls can gradually **increase sales**.
* 📈 Unlike platforms like Coupang Smart Store, there is **no sales limit** for self-owned online shopping malls.
* 🏷 With a high profit margin and the ability to easily attract traffic through effective advertising, **health functional foods** are performing well in the online market.
* 📚 "Having your own online store is a branding technique that you can use for a **lifetime**."
* 📊 It is crucial to develop a habit of **calculating and analyzing sales, expenses, and advertising data** to run an online shopping mall **systematically and efficiently**.

### Starting an Online Store and Growing a Business: A Comprehensive Guide
* 🛒 "If you look at the data and do things like that, you can **really do well in business**."
* 📈 "Once you understand the principles, it's easy. It's just about **addition, subtraction, multiplication, and division**."
* 💸 "When selling an item, you must always know how to **calculate in percentages**."
* 🎯 "The growth formula for an online store is **traffic multiplied by conversion rate multiplied by average spending per customer**."
* 📚 "Each **percentage number** becomes very important as you move more towards the **management aspect**."
* 💡 CEOs should not do tasks where wages are set. They should always **create future value**.
* 📦 "It's better to utilize institutions like **credit guarantee foundations** when you need to buy things but don't have enough money."
* 📆 "I will provide VOD lectures online and have a challenge. Through this challenge, I will teach you **how to grow your own online store** while checking your **weekly assignments**."

### Online Advertising Essentials: Starting and Growing Your Own E-commerce Business
* 🛒 "By just advertising our online mall and persuading them, we can **bring them in**." Learning advertising is crucial for **increasing sales** from your own company.
* 📈 "If you learn it well, it will be a skill that you can use for a **lifetime**." Advertising is a skill that can be applied across various **businesses and platforms**.
* 💻 "The king of online sales is having your own mall." Understanding the fundamentals of e-commerce, such as **setting up and advertising your own mall**, is essential.
* 🛍 "You only need to sell **one product** in your own mall." Starting with one product and testing the market is a **low-risk approach**.
* 😌 "Even someone around me with **100 billion won**... I'm anxious, I can't sleep well every night." It's common for business owners to face challenges and uncertainties.
* 💡 "It's always the same, starting from the beginning, I'm always **anxious**." Providing mental care and support is important for managing anxiety.
* 💸 "The skills in advertising and such that I teach in this broad lecture will definitely **not be available for less than 2.79 million won**." Investing in learning advertising can be highly valuable.
* 📝 "I will provide assignments and **analyze detailed pages**." The course includes practical assignments to help **apply the knowledge**.
* 🛎 "I will have Zoom live sessions every week, and **provide feedback at that time**." Weekly live sessions and feedback are provided to support learning.
* 👥 "Of course, handling a computer may be a bit difficult, but I think it's a matter of **willpower**." Anyone can learn and benefit from the course, regardless of **age or background**.

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From Rags to Riches: A Journey of Entrepreneurial Success

Park Young, a successful entrepreneur, shares his rise from financial struggle to running a multi-billion sales business.

Starting from a young age, he experienced a drastic change in family finances, which inspired his entrepreneurial journey.

Through hard work and a focus on online marketing, he was able to achieve remarkable monthly revenues, demonstrating the potential for significant profit in the online shopping industry.

Early Money-Making Ventures and Entrepreneurial Journey

The individual started engaging in economic activities from a young age, including selling special IDs and doing business on Junggonara.

They found the fun of making money and gradually increased their sales volume and revenue.

Eventually, they started their own online store, Unni Gudeul, focusing on selling women's shoes as they identified it as a bigger market compared to men's clothing.

Overcoming Adversity: A Journey to Success

A young entrepreneur starts a shoe brand after realizing the coordination of women's shoes and branded bags.

Despite facing a tough time with debt and contemplating suicide, the entrepreneur reevaluates, works hard, and eventually achieves remarkable success, reaching 10 million won in daily sales through persistent effort and smart advertising strategies.

An online shoe business started from home, quickly grew to a 1.

7 billion won monthly revenue, leading to the rental of a larger office.

The introduction of a unique shoe-widening service and quality video ads led to a significant revenue increase from 2 billion to 20 billion won.

One of the shoe products, Life Socks Boots, sold over 450 billion, with video ads totaling 17 million views, contributing to the business's success.

From Video Tutoring to a Multi-Million Dollar Shoe Empire

A novice video maker from Jeonju, South Korea, generated billions in revenue through simple video production.

By opening a popup store at Lotte Department Store, they unexpectedly sold 10 million won worth of shoes in a day, leading to calls from major distribution channels.

Starting with a small 17 square meter store, they expanded to department stores and even entered the international market, with a strong presence in Japan, Taiwan, and the United States.

The Evolution of Online Shopping Malls into Profitable Brands

Online shopping malls have evolved into individual brands, becoming a lucrative business opportunity, with many mall owners achieving tremendous sales and profits.

The success of online shopping malls as brands has led to many owners selling their malls for significant amounts, ranging from billions to hundreds of billions of won.

The shift towards self-owned malls is driven by the ability to control product branding, advertising, and sales, independent of external factors, ultimately leading to the potential for substantial profit through selling the mall.

The Growing Trend of Shopping Malls Going Public

Shopping malls, especially in South Korea, are increasingly being bought by investors and going public, with some even reaching trillions in revenue.

The trend of selling and buying shopping malls is becoming popular, with prices ranging from millions to billions of won, offering the potential for significant profits.

Creating and selling your own shopping mall has become a lucrative business model, with the transition from an individual business to a corporation being a tax-efficient strategy.

Starting an Online Store: From Creation to Advertising

Creating an online store is simple through domain settings, and choosing a design can be outsourced rather than requiring coding knowledge.

Customer behavioral data can be utilized for targeted advertising and CRM marketing, eliminating the need for extensive advertising.

The ad library provides answers for creating effective meta ads, and selling fashion, household goods, food, and health supplements is recommended for the online store, with branding techniques taught for a lifetime of skills.

Overcoming Presbyopia: A Personal Journey and Product Guide

The article discusses a personal struggle with presbyopia and the ineffectiveness of hospital treatments.

It provides detailed information on using bromelain and papain to improve presbyopia and offers a guide to the top 5 products for managing the condition.

The article also promotes a specific product through a link, targeting readers in their 40s.

Capitalizing on the High-Profit Margin Seasonal Market

The dry air product market has a high profit margin, making it a lucrative opportunity, even with substantial advertising expenses.

Manipulating reviews and rankings is easier for self-owned malls, providing a competitive advantage.

Calculating daily rankings and managing costs through Excel is crucial for maintaining profitability in the online retail business.

Strategies for Achieving a Monthly Profit Goal

To achieve a monthly net profit of 10 million won, the goal is to sell 16 units a day at a selling price of 20,000 won each, considering various expenses.

By developing a habit of calculating percentages and analyzing data systematically, the business can be run more efficiently, taking into account advertising costs and revenue generation.

It is important to set appropriate unit prices and calculate cost rates to avoid losses and ensure profitability, recording the data in a table for simplicity.

Calculating and maximizing the cost rate can significantly increase net profits, making even a 1.

5% difference impactful, especially with large sales volumes.

Increasing the conversion rate in an online store from 1% to 2% can double sales, highlighting the importance of this metric.

Utilizing credit guarantee foundations and funds can provide support for business expansion and investment, offering a way to obtain necessary funds at lower interest rates.

CEOs should focus on creating future value and avoid tasks with set wages, such as delivery or repetitive work.

Delegating these tasks and outsourcing when the wage exceeds a certain amount is crucial for business growth.

Additionally, expanding into new markets and increasing product variety, as well as offering a paid course to share knowledge, can contribute to growing the online business.

Launching Your Own Online Store: A Comprehensive Lecture

Hyunwoo Jin's lecture offers a comprehensive curriculum for creating and managing your own online store, including concept development, setting up the shop, advertising strategies, and live feedback sessions.

The course is designed to provide practical skills for a fraction of the cost of outsourcing, with a focus on helping participants build their own brand and increase sales.

Students have seen significant results, with one individual achieving monthly sales of 800 to 1000 units after just 4-5 months, emphasizing the importance of branding and the long-term benefits of having their own store.

Starting a perfume business can be started with a small capital, such as finding a small factory for production.

It is possible to test the market with a small number of products before investing more capital.

Using online platforms like Smart and Coupang can help reach customers and navigate advertising regulations.

Starting a Clothing Business: Key Points to Consider

Clothing manufacturing is possible, but starting with selling ready-made clothes is more important.

The recommended item to sell is the air fryer, which can be produced with a MOQ of 500 for a good profit margin.

It is also suggested to learn selling skills through an education course and to focus on advertising to increase sales.

Tips for Increasing Sales and Traffic for Working Individuals

Working individuals can increase sales by going viral and putting extra effort into their business, leveraging their stable mindset and steady income.

Widening sales channels, using consignment, and focusing on mindset control can also be beneficial.

A personal online mall can provide advantages in directly engaging with customers, offering the potential to make billions in sales with the right advertising.

- Start with low advertising expenses and gradually increase for the most effective results.

- Consider opening a cafe if selling on a website, and highlight the advantages of the products for branding.

- When selecting a manufacturing company, check if they can produce the desired products and offer low MOQ, and consider working with multiple manufacturers for diverse products.

Tips for Success in E-Commerce and Cosmetics Business

Struggling with the high cost of a business lecture? The speaker promises to share advertising skills learned from spending billions, potentially making it a worthwhile investment.

In the competitive cosmetics market, success is still possible by finding and selling new popular items.

When running an e-commerce business, it's essential to clearly divide and brand your products, rather than operating a comprehensive mall.

Using Personal Reviews for Blog Experiences and Online Shopping

Using personal reviews from our own experience group can enhance the credibility of our products on our company's blog.

It is possible to sell honey and processed food on our online shopping mall, and having a different name on the business registration certificate is acceptable.

Cafe 24 has minimal site maintenance costs, and there is no specific order for opening between Cafe24, Coupang, and self-malls.

Mental care and anxiety management are highlighted as important for business owners, and advertising is emphasized as essential.

Starting the online store as soon as possible is recommended, and having an interest in fashion is important for selling clothes.

Tips for Running a Successful Business Lecture

- Men are often successful in handling large sums of money due to their ability to analyze data, which can be crucial in decision-making.

- The lecturer offers a course on business strategies, including financial planning and advertising techniques, with a focus on providing value and generating income for the participants.

- The course provides ongoing support and guidance, with a promise of continued assistance even after it ends, aiming to help individuals overcome mental barriers and achieve a significant increase in revenue.

It's important to invest time and money wisely when choosing online courses.

Confidence in a product comes from testing and market experience, not just personal belief.

Start with a small time investment and expand if it's profitable, but avoid greed.