How Much Money Do You Need to Start Dropshipping? ($100? $500? $1000? $3000?!)

[@WholesaleTed]

Hey guys - don't be shy, if you've got any questions please ask them. We'll try and answer as many as we can :)

[@jesuschristneverlived6938]

+Wholesale Ted Thanks babe

[@WholesaleTed]

Haha yes. I do that because it will increase how high the comment is shown on the video page once there are 50+ comments ;) I want people to know they are welcome to ask questions!

[@abgra17]

Wholesale Ted club

[@abuabdullah731]

abgra17 how successful is the plugin?

[@Pernection]

Wholesale Ted How do manage 2 websites through Facebook?

[@a.h.i267]

I love how this channel just gets straight into the topic and doesnt wait around for 7 minutes like the others

[@TheLostBijou]

That is so refreshing!

[@maxwellfratto9910]

cuz they all want you to buy there shitty course

[@godspoweremmanuel9072]

I love this lady, she opens up the dark secrets in dropshipping Business that others won't talk about, it's better to know ur challenges and prepare for them than to be taken unawares Thanks ma'am, I love you

[@lifeoftraderlot5647]

You are only one of those who explained cashflow. Great effort Sarah Will definitely follow yoir guidelines

[@carlzcomedystuffstandup9383]

I've been told my whole my life every time I talk about working for myself that I'm basically too basic...Im 30 and I'm tired blue collar worker who feels 50... I got very little education and appreciate people like you putting this stuff out

[@Harnishchappy]

All you need is to believe in yourself, fuck what anyone else tells you

[@fattyz1]

10:00 cash flow. Excellent job. I ran a small business for 10 years and you have to play the cash flow game. You get comfortable after a few years when you know you'll pay yourself back lol. I was seasonal too so I had to budget for winters off. Thank you very much.

[@lifeinchiangmai3072]

Good video. I use my credit card for my dropshipping business, then pay it off when I receive my PayPal money. It gives me a lot of reward points on my credit card, so I can fly free or upgrade to first class. Keep the videos coming...

[@Inferno909]

Life In Chiang Mai sounds like a good idea

[@larrystorm6681]

This is one of the first videos I've seen that shows people need to understand that it really does take money to make money. Thanks Sarah.

[@Ggdivhjkjl]

Having watched numerous channels talking about this, I like you - you're honest and provide useful information without too much waffling.

[@natalieclarereadings]

I love how clearly you explain!!! 💯

[@ashleymanning4203]

Thank you for your this video. I've had the question of do I purchase the item, then wait for my customer money to hit my account. you are the firs video to directly answer that question. You speak for clear and not fast. I love that you break down every term. I really appreciate this channel. You have ignited my fire to jump into Drop shipping. I've researching for months and now I think I'm ready. Thanks

[@Manny1222]

I love how you are realistic and positive in a very genuine way. I've been having a hard time. Went through a huge depression episode - actually still in it. Your information has become very important to me in giving me hope. I've learned much more than just e-commerce. I actually have a something to strive for. Struggling with money and worrying how you're going to survive is not fun - I'm there, after all. Hope. Maybe that's what I needed. I've recently set up my store in kind of a book setting niche. I'm hoping something works, or else I'm off to making Fortnight videos. loooool

[@sonnyecom]

Thanks for these videos, I just hit $20k this month, capatilized on a huge trend, thanks wholesale ted!

[@gamingbros3455]

Hunter H. Edwards eyy u watch wholesale ted too 😂

[@sonnyecom]

GamingBros yea lol, I’ve been watching for years

[@Warcraftbot]

Do you use Shopify or WooCommerce?

[@Baldoxxx4000]

lyer

[@sazzsa9119]

Congratulations. I am very jealous!!

[@shereviews8999]

This video was well thought out and genuine. I appreciate your honesty and you not being offensive. I'm sharing this with a friend!

[@theglowupblog880]

This is an amazing and honest review. So many people do click bare saying you can do it for free. Honestly about $700-$1,000 is enough to start this. Thank you for your knowledge on this!!

[@TheRealKitWalker]

Thanks Sara for the honest and straight forward video on how to get started :)

[@jeremyswint4758]

You seriously produce the best videos on the topic content wise. Super open and honest. Your work is appreciated!

[@frankduffy7471]

Liked and subbed today. I am a seasoned businessman, chemist and cosmetics manufacturer and CEO . You're awesome giving some very good advise to beginners in business and people like myself that are just getting wet in a new field. Can't wait to watch some of your other videos - keep them coming! Btw, your comparison of brick and motor to online stores - was spot on !

[@marcomonge9939]

This channel is golden! I am just beginning to learn about drop shipping and the videos are very informative. I can't wait to binge watch more of these as they have answered questions already that other channels failed to do. So glad I came across this channel. Thanks Wholesale Ted! Side note, the host is absolutely gorgeous but that's just a bonus😍

[@StephanieEze]

Sarah never disappoints. You’re always going over my expectations. Thank you 🙏🏾

[@Uriel.47AC]

Questions, how do you push your distractions out of the way so you can actually do your work? Also it would really cool if you could show us your daily routine for work and how it's functioning for you. Thank you Sarah, your videos are fantastic

[@aan7282]

THANKS for being a legit page that gives proper info without going around circles

[@PillowB]

Love your videos. I didn't understand anything before because you talk to fast but when I saw more videos of you, now I can understand you easyly. Great video.

[@oguzbars1489]

Sarah, you really make my day whenever I watch your videos. You are a very good human being . Thank you for your all the information that you have given to us and thank you to your team members too. Keep sharing. Help if you can, teach if you learn, give if you earn;)

[@iuusufduishenbiev3853]

Omg I can’t believe someone who’s honest. Thank you

[@dognatious6153]

This girl is a genius. I have never seen anyone with such succinct, efficacious, sincere information with such an ability to convey and express it in a voice that keeps your attention. I've been around the block, and I am so, so lucky to have found her. What is astound is that she is so prolific, an Amadeus if you will. Finding her is a given if you are sincerely doing the research. Advice means nothing if you aren't willing to do the work and the "rite of passage". ---Michael

[@jeroenvanbroekhoven7325]

Hi Sarah, aren't you forgetting that in a lot of countries (as well as by Shopify) you need to be a registered business? This also brings extra cost and time to set up in some countries. Not letting this drag me down though - currently in prepping stage for setting it all up!

[@dkland1980]

Wished i would have watched this first to find hidden cost number 3. It took me several hours of reading comments last week to figure it all out when all i had to do is watch this.

[@sesetio338]

She's the real deal. Since there's isn't cuts through her seminar. Thanks

[@joeyvargas8818]

At first I was not sure about your videos, but after watching I realize that you are an awsome person helping people on how to make money. You just got a subscriber😁

[@angelabragg6864]

I especially love your closing comments about brick and mortar startup vs internet! Excellent!

[@bethchanelle]

I absolutely love your descriptions! Thanks for taking the time to write it out!!!!

[@mavenchand4730]

This channel is incredibly useful. You have a new subscriber. Real content.

[@HikikomoriDev]

I am glad the covered the PayPal issue, that's what will probably hold you back mostly. This is the sign that this video can be fact checked true once you step into this far enough and see the problem.

[@perspexsavant4787]

What do you do about returns and/or damaged products?

[@paegynhawkins]

Thanks Sarah this video answered all of my concerns and worries I had. Now I am fully prepared

[@tayzhonhernandez-walters2664]

I appreciate your honesty and definately sheds necessary light in the finance department of dropshipping, so thank you.

[@Matt-wg9xn]

Cash flow part was so helpful - I'm planning a big-ticket items so might do much smaller testing at first haha

[@talyahr3302]

Yeah especially if you're not experienced don't start with high ticket. Do mid ticket instead.

[@manuelurquiza7546]

You can use paypal credit, they give you 6 months to pay, im about to start also a high ticket business for ebikes and it scares me a little

[@aboodmorad3104]

Thank you, miss, from the depths of the transparency and clarity of your thesis about the beginning and the potential risks, as well as curbing the ambitions of the owners of quick earning without the effort they make. I wish you happy times, God bless you.

[@brandonspiegel2293]

Your videos have so much value, I'm honestly surprised that you are not at like 1 mil subs at least.

[@unlikelycoach8814]

WOW!!! Super Excellent Video. Your delivery style is infectious and riveting. Loved it!!!

[@Zigzagcesar101]

I'm not a fan of any youtuber, until now. I'm officially your Fan. Thank you very much this transparency.

[@ada-boy]

I love your honesty.

[@jeanettedicarlo5881]

You never disappoint with the info and guidance - well done!

[@poorchardtorichard9066]

Your teaching are great. From singapore

[@frankferranajr7428]

Thank you so much for this very honest video!! Finally someone mentioned ALL the costs. 🙌🏽😁

[@somrajsaha3215]

You're so amazing. Beautiful and witty. Well informed and experienced with a blend of sweet confidence.

[@arthurimona5901]

This is the answer i wanted to hear. Honest and well explained. Thanks for this!!

[@SahilAnsari-finance]

Hey I want to open a dropshipping store and after that i convert this into a brand store Is it the right time to start

[@johndough2926]

so ... while the theory of the 1 ad-set at $5 to test a product is correct. It is also a little unrealistic in terms of success. There are tons of different audiences to test and tons of different variables to take into account to test for. Age, Sex, Location, Interests, Platform, Placement, and the list goes on. So while you can have just one ad-set running at $5 a day, it is highly unlikely you will hit a winner that way. Some have of course, but they are what are known as an outlier on a graph. The reality is most people that thoroughly test products run a single Facebook campaign that has 5, 10, 20, 50 or more even, different ad-sets to test different audiences. Each ad-set has it's own daily budget. That means if you have an item that has several different angles and audiences that could be buyers, the more ad-set you are going to have. I personally will not test an item with less that 5 ad-sets and I more times than not, will have 10 or more ad-sets per item. So in terms of a marketing budget this is a more realistic amount: video used 20 total products to test as example so ill go off that number. 1 product budget: - $5 daily budget - 10 Different ad-sets - 3 days - 5 x 10 = $50 daily budget - $50 x 3 days = $150 total budget for one item - 20 items x $150 total budget for one item = $3,000 total budget to test 20 items at $5 ad day for 3 days each. This is just a rough estimate and you could definitely spend less, but you could also spend a lot more. On top of that you could do your testing and still not find a winning product. It basically comes down to how good your product(s) is/are, how good you are with Facebook marketing and finding the right audience for your product, and how much money you are willing to potentially lose until you find a product that produces sales. Not to scare, but that is the reality of it. Risk vs Reward. Good luck!

[@WholesaleTed]

When testing products, you don't need to do this many tests per product. A basic test targeting a broader audience and choosing very obviously-related interests in targeting is more than enough for most people to eventually find a winner without having to run lots and lots of different ads. Once you find a winning product though you can then go much deeper though of course! The reason most people don't find winners is usually more to do with their ad copy/website/giving up too early :)

[@johndough2926]

okay.

[@moyagrace9769]

Well explained! Thank you! Great video

[@ashleymills1942]

I think it's going to take a long time til I can start my store. I bought the Shopify basic plan and I want to eventually get a subscription to the drop ship club. Right now I work cleaning houses part time and I watch these videos and take notes all day when I'm not working. If I am persistent it will pay off. Maybe it's better to grow slow anyway.

[@NomadLand666]

THANK YOU. I'm all in, and I keep finding that any question I have can be answered right here.

[@lifeisshort5583]

I really love your honesty here. This is what I've been looking for. Thank you so much sarah this really helps me alot.

[@lorenzodoss9380]

Hello I just wanted to thank you for your open and honest information about drop shipping using shopify and other platforms. You are 100% correct. I have a team building 2 stores for me right now and I did not realize the huge cost of marketing "if you want it faster" so now after spending money for the team and getting the store built I know have to SIDE HUSTLE to get ready for the ad spend budget. I go however realize the principle of investing in your dream so I am on it. But hey thanks again great video!!!!! See you at the top lol

[@karannaik9753]

we need to tist

[@nicoechonyc]

one thing I don’t understand after watching a lot of dropshipping videos is do I need only one shopify store for all items (even if the items are unrelated, i.e beauty products and electonics) or do I need to pay for a shopify store for each item that I want to sell? I haven’t seen any videos that explain this. Thank you for all your videos!

[@joshuavera9974]

I just started watching your videos and I love them so much! Thanks for all the content you put out there I’ve learned so much. I’m currently working on a plan of action to start my very own Drop shipping business so I don’t have to work at a part time job anymore to focus on school

[@rngrover5956]

honesly , i respect ur point of view sarah BUT that's what i do : 1) $30 shopify store 2) $15 domain name or $2-->$9 from GoDaddy and others 3) $0 on apps 4) $0 on ads , 5) $0 to fulfill the orders , i use my credit cards , *) thats it i pay $55max , am good to go , sometimes u can do it for $3 if u're damn broke , but u nedd to be damn fast&smart& know what to do , just $3 on domain name.

[@prashantrai787]

BEST TSEB but do you make sales???

[@teeskyers]

Thank you Sara for being so thorough, this is the exact info I was looking for 💜

[@4empion]

I like this video ,cause she doesn't promise to people golden hills ,it makes me trust her . Most of scamers promise quick get rich in 30 days ,but in this vid it's clear water :if you do dropshiplifestyle get ready for work.

[@ryantiruthz3422]

Is it better to buy a cheap shopify store for $100 or build one? I'm not too techy.

[@sicariusindia]

Damn. Your channel gives such an impressive vibe. It almost makes me trust it as much as BBC! Thank you for being considerate with your research and helping new dropshippers understand the value in it.

[@hotteth]

The ending highlighting the past to preset was the best... Thank You!!

[@joshuakarl]

Who can argue with her logic? I mean honestly, it's a very transparent answer. 👍💪

[@Kattywampus]

Thanks for speaking clearly and honestly and not being sleazy!

[@diontaedaughtry974]

You made this so much easier to understand.

[@professionalcommenter5]

You are very articulate in the way that you explain your methods. Awesome and keep up the great work.

[@emmanuelsoriano6566]

You Answered All the Questions I had in my mind. Thank you for your Straightforward Answer/Opinion/Recommendations

[@vikiye1578]

You can try CJ, because they have the free sourcing request and free service, and you can list items from their APP to your store

[@plusletics.apparel7697]

When choosing to drop ship I must pay for all the orders my customer makes? For clarification, I sell over $2000 on my site. I need to have that available to pay the drop shipping company until the purchase is finalized (I.e. my customer payments clear), which could be 3 - 4 weeks after each purchase, correct?

[@KeemSmilez1989]

i was actully thinking about putting aside maybe $400. I have a nice following that i build within a few years. in my followers already know i am coming out with a sunglasses website soon. with no paid advertisement my promo video for my website got over 300 views in many comments within a week. people saying they can't wait for the website to drop. so just want to make sure i have money set aside cause i know that first day will be so many sales lol

[@cretan982]

Lot more competition these days and a lot more savvy buyers who can spot a dropshipper from China.

[@sriniyadavalli]

Hi Sara, Can you please suggest what are the best niches for a beginner like me to start drop shipping?

[@huntersmoak]

So much value dropped on this channel!!! Thank you!

[@MrZerosixZeroone]

Great video from our favorite e-Commerce fairy.

[@MrTimmy23]

How do you know if you’ve hit a selling product? Is it as long as you’re making a profit? What conversion rate and profit rate are you aiming for?

[@_shadxn]

Being 17, I thought having 180£ in my bank account made me rich ;-;

[@fragarena9910]

;_;)

[@IINGHII]

جربتي طيب؟😭😂

[@Uriel.47AC]

Lol

[@micheled5167]

Thanks Sarah! I find your videos to be the most helpful, and I like that you post an outline below the video as well. I can tell that you genuinely like to help people.

[@WholesaleTed]

Thank you Michele. I genuinely do! It was very nice of you to leave this comment, thank you.

[@Kamalb50]

Hello Sarah i dont get this part 1) Have a credit card. You will get the money the customers paid you well in-advance of when your payment will be due on it. Plus you’ll get bonuses too (such as free air miles and cash back rewards to offset fees).

[@Kamalb50]

i can only provide paypal payment on my store , cant have strip cause i will need to form an LLc, and i do live in morocco , any advice please

[@WiPri0371]

I'm looking for a job for no other reason than to start my dropshipping store. Also going to get certified by Google for Google Ads so I can put myself out there for that as well. I've worked for others and even in this economy of jobs-a-plenty it's difficult to get a job especially for the older workers groups. Employers are way too picky. So instead of working for them anymore, I'm going to work for myself.

[@josevega6254]

Your so smart! Wisdom comes from doing and either your a natural seller or you've done it a lot!

[@danielutzu2000]

I LOVE your accent and the way you talk. No seriously. I'm in love.

[@MMosM_]

Daniel Luca Ikr

[@davehague]

These videos are amazing, thank you for posting them!

[@nirmaniabeysiriwardana4222]

Hi Sara, Is that better to do dropshipping on Amazon platform instead of opening a shopify store. Please let me know.

[@stanger963]

Sarah I love you so much and I'm extremely grateful that you exist

[@labasbikhir]

Great content sara sounds direct very informative and honest, keep growing, love your accent, thank you

[@bamptonbred]

so SEO wouldn't be your first choice for marketing when someone is starting out?

[@Andrewbliss44]

Thanks for your vids. Questions: 1.Do you have any statistics regarding the time required to be profitable after the initial investment of $500. 2.Some rough idea, how much time consuming is this business. 3.Which platform is better, AliExp. or Shopify. 4. How to select the winning items and select your margin of profit? Regards

[@_shadxn]

I LOVE THE WAY YOU SPEAK!!!!! ITS FUCKING AMAZING,,, NAHH THIS IS NOT A NORMAL OBSESSION I LITERALLY LOOOVVVEEEEEE THE WAY YOU ARTICULATE YOURSELF OMGGGG!!!!!!

[@MrSANDESHLADDHA]

How should we test 20 different products.. do we need to purchase 20 different domains for testing 20 different products...or am I supposed to pick a one domain name which is suitable for all kind of 20 different products...!

[@marieruhlin4991]

Following

[@SteliosGerantidisTV]

I like the way you say "I don't have that money in my pocket". You must be getting a lot this reaction from peoples when you speak about business start up costs. Peoples are cheapies when it comes to business start up costs, they give this answer that they don't have the money but when it comes to find the money for shopping or other liabilities they find them pretty easy....

[@4636Youtub]

Nice video Wholesale Tid

[@berko2243]

$500 may be too much but imagine how much you spend on something you don't need. Save up....days...months! Get that 500.

[@sesetio338]

Takes me a week to save $500

[@shawngregory1312]

Real real question, if you have time. Im a broke, now unemployed, musician. Ive invested a ton in insurance adjusting, and, that went no where. Im very ready to build something online. IS IT POSSIBLE at this point, Sept 2019 to do this, with Spotify. I will trust your response. Yes, Though I do not know you, I feel you are trustworthy Hit me'. with your answer

[@Jangimiau]

No money to be made on Spotify. Shopify still works well tho ;)

[@HellfireGunner]

So because Shopify only pays out every 7 days does that mean if you get 10k in sales but you do not have 10k in the bank you can not complete the order because Shopify is holding that cash? Or am i missunderstanding..

[@jazzars4765]

When you are testing all the products do you make a website for each product or put them all on one website?

[@Indisphere]

Love you Sarah!! You are a super star and love all your presentations/training episodes!!! it is sooooo clear and to the point! Amazing times a million to be honest!!!! lot of respect and love!!! #WholesaleTed

[@andigarcia8328]

whats the plug in?

[@chickenstew5829]

Wow! Very articulate & down to earth young lady..I enjoy your content..thx for what you do..