The UGLY Truth About Dropshipping That No Guru Will Tell You

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MyWifeQuitHerJob Ecommerce Channel

MyWifeQuitHerJob Ecommerce Channel

Күн бұрын

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@mywifequitherjob
@mywifequitherjob 2 жыл бұрын
If you enjoyed this video, make you take my free 6 day mini course - mywifequitherjob.com/free/
@LEX-yi8sv
@LEX-yi8sv 2 жыл бұрын
Hello would like to ask you a question about dropshipping using Amazon as a supplier
@anitawilson6504
@anitawilson6504 2 жыл бұрын
Thanks for this video it was very very informative.
@timspence172
@timspence172 2 жыл бұрын
Thanx big bro. u made it a WHOLE lot easier to understanding👨‍🏫 teacher level😎
@Layla_Bayla
@Layla_Bayla 2 жыл бұрын
Thank you for this video. Loved it. Would you mind creating one on how to start one's own private label brand, step-by-step? Would appreciate it 💕
@angelcrespo7189
@angelcrespo7189 Жыл бұрын
why cant a wholesaler just sell to everyone?
@leeeric8436
@leeeric8436 2 жыл бұрын
Big takeaway from this video: 1. Drop shipping is NOT entirely bad, a good way for anyone to tip their toe in the waters of E-commerce 2. Little or NO cost to start out your own business online, most important is a good supplier with great product quality and handling of goods. 3. NOT A LONG TERM BUSINESS MODEL, find a winning product and outsource your product and create your OWN LABEL 4. PROFITABLE, but lower or poor profit margin around 15-30%. Unless bulk orders, so finding winning products or higher margin / big ticket items will help. Supply and demand Hope this helps
@apollohd6368
@apollohd6368 Жыл бұрын
How do i automate the fulfillment part?
@David.L291
@David.L291 Жыл бұрын
@@apollohd6368 The said drop shipping company would have that on their platform I should think so
@donaldva
@donaldva Жыл бұрын
From a Lee to another Lee, Lee Eric is the real MVP.
@AugiBee
@AugiBee Жыл бұрын
Sound worth it
@aibrean3473
@aibrean3473 Жыл бұрын
thank you! Your comment helped!
@AndyGinny1
@AndyGinny1 2 жыл бұрын
If you take the right mindset into anything you can make it work
@kryul3230
@kryul3230 2 жыл бұрын
this comment is so impactful bruh 😂 i love it man and i hope its true and yes you gotta truly have that mindset i agree and you also gotta give it your 100 if you want to make anything work but i think you can make whatever you want work if you go into it with the right mindset like you said 🙏
@nicolas_-_-_
@nicolas_-_-_ Жыл бұрын
Hello! I like those words. Thank you 🙂👍🏼
@TruongQuynhTran
@TruongQuynhTran 4 ай бұрын
Love the video❤️ I just started my print-on-demand journey and found Crafted Threads. They have a ton of designs and it saved me so much time. They have something in every niche. And lifetime updates too!!
@CandysChannel
@CandysChannel 2 жыл бұрын
FINALLY A HONEST dropshipping video!! I am sick of the 20 something kids & adult guru’s simply lying or hiding everything you told us. Thank you!!
@juliusford3180
@juliusford3180 2 жыл бұрын
I showed this to my mom and she still doesn't trust it :(
@MrJohneblaze822
@MrJohneblaze822 2 жыл бұрын
I don't know why they feel the need to lie about how easy it is.
@timspence172
@timspence172 2 жыл бұрын
amen🙌
@muneymap
@muneymap 2 жыл бұрын
@@juliusford3180 you're like 15 yr/o versus them never having the relative knowledge to understand this considering they never grew up when the internet was more advanced.
@elaynerc
@elaynerc Жыл бұрын
Just searched for the topic and overlooked these videos. Immediately clicked on this one. Unfortunately, a lot of gullible people fall for these "gurus"
@Earn197per10minutes
@Earn197per10minutes 2 жыл бұрын
There is no chance, no destiny, no fate, that can hinder or control the firm resolve of a determined soul. ~ Ella Wheeler Wilcox
@tbtfw
@tbtfw 2 жыл бұрын
I've seen this with a lot of people that they get into e commerce thinking that drop shipping is an easy business. Don't fall into this trap. Actually drop shipping is lot more harder and complicated than you think. You have to know how to build a website, product research, product development, product fulfillment, supplier research, branding, marketing, advertising, SEO, shipping, etc. Also you have to deal with a lot of problems such as late shipping times, charge backs, bad customer experience ,low quality products, banned Ad accounts, etc. So don't even think this is an easy business 😂. And statistically proven, 90% of dropshippers fail and lose money. So, it's not a get rich quick scheme unlike those fake gurus tell you also it may take you years of hard work to build a successful dropshipping business. I can tell you this from my past experience as I used to be a drop shipper before till I founded my own marketing agency.
@alphaevolution
@alphaevolution 2 жыл бұрын
It's ridiculous that people don't approach dropshipping like an actual business. They see the photoshopped profit margins and buzz words like "started with nothing" or "anywhere in the world" and they get baited. Same things when people go into trading. To add on to the experience, just started a month ago and I'm doing alright so far (not getting to excited). Not looking to get rich quick or live off it but if it every got to that stage, who am I to say no? Took me a while to understand what dropshipping is, researching companies, what is selling at the moment (and coming months i.e gardening for the summer coming up) and joining a group who are likeminded. I'm glad the video mentions the traffic to make revenue point. Personally, let people talk dropshipping down. More steady traffic for me.
@jerryommrg
@jerryommrg 2 жыл бұрын
@@alphaevolution I just started dropshipping, made a few sales but hasn’t been rosy, how can I find those groups? please I need help
@dpink4832
@dpink4832 2 жыл бұрын
I agree. also the suppliers from China are very much "Yes Man" and they will tell you a product is in stock when it really isn't
@MrJohneblaze822
@MrJohneblaze822 2 жыл бұрын
That's why I don't see myself getting into drop shipping.
@SSMILEYAAA
@SSMILEYAAA 2 жыл бұрын
One thing I noticed about these gurus when posting their numbers is they REFUSE to talk about the actual profit they’re getting . If I’m dropshipping something for 40$ but I have to pay my supplier 28$ and I make 10 sales I did NOT actually take home 400$ I only took home 280.. and gurus refuse to acknowledge that on their videos. They really trick ppl with that . I’m glad I got lucky and found a product with high demand and low competition
@leroybrown505
@leroybrown505 Жыл бұрын
8:34 you should use drop shipping as a stepping stone to create your own branded products for sale. That is all I needed to hear.
@JohnsonPatience-o5e
@JohnsonPatience-o5e 6 ай бұрын
Dropshipping business has really helped me a lot I was very broke and schooling also but was introduced to dropshipping and in less than a month am making huge money
@priebess
@priebess 4 ай бұрын
​@@JohnsonPatience-o5efor someone wanting to start a dropshipping site, what are some tips that you wish someone had told you when you started?
@Jane_UnifyDropshipping
@Jane_UnifyDropshipping 3 ай бұрын
Hi! Are you in need of a skilled dropshipping agent or considering a switch? Since 2015, Unify Dropshipping offer top-tier dropshipping services to meet your needs and has direct connections with reliable manufacturers in China. We offer competitive prices, no minimum order quantities, and customized branding options. Let us help you source the best products for your business!
@maureenbennett809
@maureenbennett809 2 ай бұрын
Great advice!👍
@MaiaKarepa
@MaiaKarepa Ай бұрын
@@JohnsonPatience-o5ecould you elaborate on how you started and the start up costs please?
@neonshadow5005
@neonshadow5005 2 жыл бұрын
When I heard about this, it only sounded "easy" to me because so much of it is done without you having to do it yourself. Inventory, shipping and the like. But I recognized that it is still a business and like any other business, you will have to work hard to make it work out. But also depending on the platform, there can be several upfront costs.
@Milianstore
@Milianstore Жыл бұрын
Exactly
@markkelderman2439
@markkelderman2439 10 ай бұрын
Always good to see your insight on dropshipping. In my opinion this business will always be lucrative because people simply need to buy things. You just have to find good products (I am using a bit of winnerzila. They give out five products per week, and at least three are absolute winners. I also get all photos, videos, descriptions for every single product). Also, you need to make your store a little bit appealing. Those two are formula for success in my opinion.
@RachaelResse
@RachaelResse 8 ай бұрын
Everyone needs a different stream of income, unfortunately having a job doesn't mean security due to the high rate of rate of tax, one needs to move ahead of their expectations.
@KeshiaJoshua
@KeshiaJoshua 8 ай бұрын
If you don't find a means of multiplying your income you will realize you didn't plan good for yourself in the future
@GreeneDaniels
@GreeneDaniels 8 ай бұрын
lnvesting with an expert is the best strategy for a beginner's and busy lnvestors. because most failures and Iosse on usuaIIy happens when you lnvest wlthout proper guide. l'm speaking from experience
@AlbertBeau-z8j
@AlbertBeau-z8j 8 ай бұрын
I agree to successful on investment. Having an investment advisor is the best way to go about the stock market right now. I was going solo, but it wasn't working. I've been in touch with an advisor for a while now, and just last year, I made over 80% capital growth minus dividends.
@LuckyTrace
@LuckyTrace 8 ай бұрын
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
@meditationstorytime
@meditationstorytime 2 жыл бұрын
Thank God for your content. You saved me from abandoning ship and continuing my journey. I love how you talk about it simply being one step in the process toward having your own products, which is a great goal to have.
@Anrreadune
@Anrreadune 2 жыл бұрын
Great video! To be honest I did not see any “ugly truth” info about dropshipping..it’s all about being confident, consistent and know what type of business you are building.
@warrenelliott6456
@warrenelliott6456 Жыл бұрын
He used the word Ugly in capital letters to catch peoples attention,i.e to get more clicks.
@dylancatlett6580
@dylancatlett6580 Жыл бұрын
@@warrenelliott6456 Wow. No way!
@Jane_UnifyDropshipping
@Jane_UnifyDropshipping 3 ай бұрын
Hi! Are you in need of a skilled dropshipping agent or considering a switch? Since 2015, Unify Dropshipping offer top-tier dropshipping services to meet your needs and has direct connections with reliable manufacturers in China. We offer competitive prices, no minimum order quantities, and customized branding options. Let us help you source the best products for your business!
@WMlogistics-w9o
@WMlogistics-w9o Ай бұрын
Hello, I am dropshipping agent china with low cost and good service. If you have any needs, please contact me
@martinsreel
@martinsreel Жыл бұрын
I think the biggest misconception that people have when they want to start dropshipping is that, they think you don't need to register the business.. Like mentioned in the video, also depends in which countries you are located, all the cases you would need a business account from bank in order to be able to get those transactions.
@XanderMianus
@XanderMianus 2 жыл бұрын
None of this actually sounds like an “ugly truth” just the realities of running a business.
@arsayem7
@arsayem7 2 жыл бұрын
Without any work or struggle you can't make anything or can't earn money for life that's the truth..... But Don't understand why most people think everything will be easy for making money🤔
@makisama5736
@makisama5736 2 жыл бұрын
@@arsayem7 lol say that to all underage girls popping off cash on onlyfans lol
@majestic6265
@majestic6265 Жыл бұрын
@@makisama5736 thats the 1 percent of onlyfans girls and they make that much because of there marketing
@deadgoldenheart9560
@deadgoldenheart9560 Жыл бұрын
@@majestic6265 1% is like 50% of all girls on this planet
@David.L291
@David.L291 Жыл бұрын
@@makisama5736 Would be fun to be a pimp on onlyfans lol
@diablo4gamer
@diablo4gamer 2 жыл бұрын
Make more videos like this! Very straightforward and educational. Nicely done
@vanessalove-collins4654
@vanessalove-collins4654 Жыл бұрын
Thank you for this content. I am totally new to ecommerce and dropshipping. I needed to find away to generate additional income since the pandemic. I started crafting T-shirts, Hoodies, and hats with a focus on customized Christian clothing and accessories. I'm going at it alone and it is very frustrating especially with working a full-time job. Thank God, I'm almost there. I have a goal of activating my Shopify store tomorrow. There are so many videos out there on how to start a ecommerce business that I find myself getting very confused. I have $sales besides the test items that I've ordered but have paid almost a year of Shopify subscriptions. Lord, I need help. I appreciate your content. It is very detailed and easy to understand. Thanks for the time and preparation you take in ensuring that business owners receive factual information that we can use to build our business. Please keep up the good work.
@XxBeastWTFxX
@XxBeastWTFxX Жыл бұрын
Be careful with these youtubers, they leave a lot of secrets out and try to skew your view for personal agendas. Keep researching friend.
@WMlogistics-w9o
@WMlogistics-w9o Ай бұрын
Hello, I am dropshipping agent china with low cost and good service. If you have any needs, please contact me
@Matrixmagee
@Matrixmagee Ай бұрын
You have to remember when selling things online there needs to be a demand
@NexGen-3D
@NexGen-3D Жыл бұрын
The best thing about drop shipping larger more expensive items, is you reduce the transport cost, as shipping is warehouse to customer, if you were to ship, warehouse to you, then to customer, you will have to pay for transport twice, which on a large item, like a TV, is very expensive and will increase the price of the product to a point were you cant compete.
@Jane_UnifyDropshipping
@Jane_UnifyDropshipping 3 ай бұрын
Hi! Are you in need of a skilled dropshipping agent or considering a switch? Since 2015, Unify Dropshipping offer top-tier dropshipping services to meet your needs and has direct connections with reliable manufacturers in China. We offer competitive prices, no minimum order quantities, and customized branding options. Let us help you source the best products for your business!
@kt9166
@kt9166 3 ай бұрын
I've been selling in a small way on eBay for many years, and, being retired, just want to supplement my Social Security with a steady income. I think drop shipping would be the best thing for me, continuing to sell through eBay. Thank you for this video. I have no illusions about getting rich; small margins are fine.
@WMlogistics-w9o
@WMlogistics-w9o Ай бұрын
Hello, I am dropshipping agent china with low cost and good service. If you have any needs, please contact me
@oliviacarroll3588
@oliviacarroll3588 Жыл бұрын
Excellent video. Was about to start dropshipping but now think I will test out several carefully chosen products on my online shop and see what sells and generates interest. Thank you very much
@chrishall3518
@chrishall3518 Жыл бұрын
How much interest have you gained since this comment? Im curious
@abbeylg3060
@abbeylg3060 4 ай бұрын
how it ended up?
@WMlogistics-w9o
@WMlogistics-w9o Ай бұрын
Hello, I am dropshipping agent china with low cost and good service. If you have any needs, please contact me
@mikhailhunter5277
@mikhailhunter5277 Жыл бұрын
Drop shipping is not just an e-commerce strategy, it's also a brick-and-mortar strategy as well, In fact, it started out that way. I know business owners who had showrooms but they drop ship, then switch over to the internet.
@warrenchew8195
@warrenchew8195 2 жыл бұрын
There's one problem left out: Advertising costs. It's not totally zero cost because you either have to spend on advertising to get the traffic, or spend a lot of time to promote the products organically. Advertising is an upfront cost.
@JohnDoe-ed7vw
@JohnDoe-ed7vw 2 жыл бұрын
For me this is the only problem lol
@timspence172
@timspence172 2 жыл бұрын
true, true.... but that's the easy part
@muneymap
@muneymap 2 жыл бұрын
It's literally so straight foward.
@Peacentheworld
@Peacentheworld 2 жыл бұрын
No cost to advertise on tik tok or google trends to drive your traffic
@King-oc1ri
@King-oc1ri Жыл бұрын
You’ll spend 100-200 on shoes but not promo crazy
@melissahastings-ib8kb
@melissahastings-ib8kb 2 жыл бұрын
Hey Steve, Thank you for clearing up what has taken me through confusing moments of insanity. One thing, you said to click the link below to get the list of drop shippers and there's no link below. This was very clear information, succinctly outlined and very much needed. Thank again.
@mynaturalperfume828
@mynaturalperfume828 Жыл бұрын
Go to his website. There is the link to his website
@arturaspf2566
@arturaspf2566 Жыл бұрын
There is also option between selling exported products yourself and dropshipping - both of them ;) This is exactly how many online stores working now. Also dropshipping can help identify which products is most selling, and then export it yourself or just buying in larger quantities and ask for extra discount. I have my own internet store and im working with both methods, which means i have ability to offer wider products and services selection. But yeah, it takes a lot time and work... 😶
@HealthyAbundance
@HealthyAbundance Жыл бұрын
Artur can you please help me to do this, I really want to drop ship but this video blew it in my face. I want to start yesterday if you can teach me or send me the correct videos I want very thankful
@MateusHenrique-fr2ys
@MateusHenrique-fr2ys 6 ай бұрын
Hey Man How It's going?​@@HealthyAbundance
@infiniteunity1667
@infiniteunity1667 3 ай бұрын
Storage costs will eat into your profits...
@nikki9219
@nikki9219 Жыл бұрын
Hi guys - you can't fail if you never give up. Keep working at it!
@amjee888
@amjee888 Жыл бұрын
agree. and dropshipping doesn't mean that you earn $$$ overnight. every thing will rise step by step
@KBlakK
@KBlakK 2 жыл бұрын
Great tutorial with plenty of succinct factual information. I like to make decisions rather quickly and I need the requisite data to make those decisions. I am looking to eventually private label my own products, and enhance my brand by leveraging it with my other businesses. Thank you so much for providing me with the data to intelligently decide if it's right for me, and if so, when should I do it! Anxious to hear your other insights to ecommerce, so of course I immediatly subscribed to your channel 30 seconds into the video, and will be referring your channel fo everyone I know who can use this information
@ChristinNichole
@ChristinNichole 2 жыл бұрын
Kind sir! How did the universe bless me to see your video on my home page. I have been STRESSED about starting a dropshipping website and you have confirmed EVERYTHING I felt when it comes to the pros and cons of dropshipping. Now I know exactly how I want to attack ecommerces and I feel very blessed and thankful that you made this video and it somehow made its way to me!
@notorious202
@notorious202 2 жыл бұрын
I like what I see.....
@1aidns
@1aidns 2 жыл бұрын
@Johhnny T validation gets u no hoes
@notorious202
@notorious202 2 жыл бұрын
@@1aidns worked for your moms though
@hbyn2986
@hbyn2986 2 жыл бұрын
O
@user-yu4yo7wf2x
@user-yu4yo7wf2x 2 жыл бұрын
Care to tell me what niche you're in?
@rosewurkz
@rosewurkz 2 жыл бұрын
Thanks a looot! Finally someone who doesn't sugar coat it and tries to make it sound as easy as possible! God bless 🙏🤗
@ximth3d4ddyx
@ximth3d4ddyx Жыл бұрын
Now that was a refreshingly informative and unbiased video. Thanks
@Goddess.Mindset
@Goddess.Mindset 9 ай бұрын
Man I’m not even done with the video and it’s soooo informative!! I just watched another video for 9 mins just to say if you don’t have money to start it, get a credit card, loan, or borrow the money 😐 pissed me off lol
@rwingender
@rwingender Жыл бұрын
Excellent video! Love this guy's presentation style - clear, concise, no flowery/fluffy language.
@HealingWithJas
@HealingWithJas Жыл бұрын
I was dropshipping swim swear for two years and had some "good" moments but lost an avenue to market my ads after FB implemented the new ad changes. Failed after that :( If I ever started again, I definitely wouldn't do clothing. I'd just pick a dumb toy or something to sell haha
@m.deborahakinlotan2270
@m.deborahakinlotan2270 10 ай бұрын
Could you please tell me more why you wouldn't choose clothing?
@paulfri1569
@paulfri1569 Ай бұрын
​@@m.deborahakinlotan2270I can. Size issue's or complaints about quality etc..
@everydayfun9531
@everydayfun9531 2 жыл бұрын
atleast you were being honest its better to build my own brand and scale it further to be able to make more profit...
@johnleed4448
@johnleed4448 2 жыл бұрын
Yes because dropshipping is very profitable nowadays if you engage in a selling niche with low competitors
@majestic6265
@majestic6265 Жыл бұрын
u can make your own brand starting with dropshipping
@MorningsWithTheo
@MorningsWithTheo Жыл бұрын
Great video. I was gettin laid off and jumped head first excited by this dropshipping guru. $300 later I realized he didn’t teach me about shipping rates actual marketing. So now I’m diving into the details and trying to learn!
@mimim9461
@mimim9461 8 ай бұрын
hi, hope all is well. can you provide an update on how you are doing with shipping rates and marketing now than 5 months ago?
@Unique77783
@Unique77783 Жыл бұрын
This is the most informative and honest video I've seen! Thank you! I will be re-watching to take notes!
@WMlogistics-w9o
@WMlogistics-w9o Ай бұрын
Hello, I am dropshipping agent china with low cost and good service. If you have any needs, please contact me
@jessicacampbell5577
@jessicacampbell5577 2 жыл бұрын
Thank you I really enjoyed listening to that you kept me intrigued.. new to e-commerce but I’m successful at everything I work hard on.. can’t wait to watch and go thru your channel..
@persebra
@persebra 2 жыл бұрын
your video is the first time anyone has mentioned that dropshipping has low-profit margins and how private labeling and wholesale is better. there are soooo many videos on dropshipping and nowhere near as many on private labels, aside from Amazon. I really don't want to fool with Amazon, aside from the KDP. KDP appears the only real game in town for self-publishing, but I would not do FBA.
@theresatucker2604
@theresatucker2604 2 жыл бұрын
What is KDP?
@persebra
@persebra 2 жыл бұрын
@@theresatucker2604 Kindle Direct Publishing (KDP)
@InfosecWarden
@InfosecWarden Жыл бұрын
Came to the realization that the only way to have true financial independence is have your own business. Started looking into ecommerce and found your video. Thanks for the succint information.
@JohnsonPatience-o5e
@JohnsonPatience-o5e 6 ай бұрын
Dropshipping business has really helped me a lot i was broke and schooling also but I was introduced to dropshipping and in less than a month am making huge money
@infiniteunity1667
@infiniteunity1667 3 ай бұрын
Any course to recommend or tips to kindly share?
@toddburnett4853
@toddburnett4853 7 ай бұрын
Excellent breakdown of how dropshiping works. For this, I have subscribed to your channel.
@quick1001001
@quick1001001 2 ай бұрын
Thank you for this well detailed video.. I am about to watch some of the others you make in regards to drop shipping. I’ve really been wanting to try this since my wreck a year and a half ago. As soon as I think I know enough to get started I’m going to try and get a website up and going.. Thank you!
@daviddinh8825
@daviddinh8825 2 жыл бұрын
This was the best video I found about dropshipping. Great job!
@KBrown-wd7pg
@KBrown-wd7pg 15 күн бұрын
I absolutely looove this video. Easy to follow, informative, and straight to the point. Felt like being advised by a good friend. Thanks a lot for sharing with us.🎉😊
@angelmyers1093
@angelmyers1093 2 жыл бұрын
Wow! This video was so packed with valuable information. I can’t wait to get the mini course!!!
@pghcraig
@pghcraig Жыл бұрын
These drop shipping companies charge you a hefty subscription fee and limit the number of items you can have in your store - and charges a higher per month cost to have more items. Something not mentioned that should have been.
@bluesky9093
@bluesky9093 3 ай бұрын
And we wonder why we have inflation, all these layers of people between the consumer and actual producer of the product.
@scottishroad_pinoy9084
@scottishroad_pinoy9084 2 жыл бұрын
Struggling to survive when a customer orders a product, you have to use your credit card first for the drop shipping to move forward. Then when the customer receives the product the money goes back.
@user-yu4yo7wf2x
@user-yu4yo7wf2x 2 жыл бұрын
Looking for an e-commerce partner?
@waynelast1685
@waynelast1685 Жыл бұрын
you need to have a certain amount of cash on hand to operate your business.
@starwarswannabes285
@starwarswannabes285 2 ай бұрын
What platform are you using that the customer doesn’t pay until they receive their product? I get that if they pay by card you don’t get your money until it clears the bank, but they shouldn’t already have the product at that point.
@kesslerkevin
@kesslerkevin 8 ай бұрын
Of what I already knew, the information in this video lines up 100%. Thank you! This video was really helpful!
@T1Oracle
@T1Oracle Жыл бұрын
Better solution. Carry physical inventory. Do in person business. Drop ship stuff you don't have in inventory. "Oh, but you have that in purple?" "Not here, but let me ship that too you!"
@infiniteunity1667
@infiniteunity1667 3 ай бұрын
Storage costs eat into your margins.
@JaiOverLoad
@JaiOverLoad 2 жыл бұрын
10-30% is a fantastic profit margin for drop shipping, I dont see why its being seen as negative. The product is designed and built, has passed safety inspections for the legal and public market, you dont hold inventory, no huge upfront costs aside from paying for domains, no shipping costs or real estate to store said goods.....drop shipping typically is about numbers qty sold and you can reach a huge amount of people from the comfort of your laptop whether its home or if youre on a beach in Asia. Aside from the financial costs mentioned, its time investment (creating and editing unique product content, campaign ads, website design etc), oh, and a decent phone for videos.
@mywifequitherjob
@mywifequitherjob 2 жыл бұрын
10-30% gross margins is pretty bad. It's gross not net
@michaelhenry4405
@michaelhenry4405 Жыл бұрын
30%GM is already pushing the boundary of a no for me. At 10% you are probably making a loss
@MakMak-fy8ez
@MakMak-fy8ez 10 ай бұрын
Shipping time is the main problem my friend. Both you and your customer will get depress about it 😅
@dumalewikina1362
@dumalewikina1362 2 жыл бұрын
I’m so happy I made productive decisions about my finances that changed my life forever. I’m a single father living in Melbourne Australia, bought my second house in September and hoping to retire next year at 50 if things keep going smoothly for me.
@dumalewikina1362
@dumalewikina1362 2 жыл бұрын
Sorry for late reply, I used the FIRE movement to put my finances in order. Then lnvested in stocks, cryptocurencies and reaI estates though the assistance of an lnvestment Pro who helped me make it this big
@dumalewikina1362
@dumalewikina1362 2 жыл бұрын
@Jacob Anderson I will forever be indebted to Mrs Mary Ann Davis and this channel you’ve changed my whole life I’ll continue to preach about your name for the world to hear you’ve saved me from a huge financial debt with just little investment thanks so much to Mrs Mary Ann Davis
@davidonukak4269
@davidonukak4269 2 жыл бұрын
WOW....amazing to see someone who trades with Mrs Mary Ann, i am currently on my 7th trade with her and my portfolio has grown tremendously
@tradernick8246
@tradernick8246 2 жыл бұрын
this is not the first time I am hearing of her and her exploits in the trading world but i had no idea on how to reach her, i have already lost enough of money since my retirement on binance trying to do it myself!!
@tradernick8246
@tradernick8246 2 жыл бұрын
I'm a beginner. How can i get her assistance?
@floop2935
@floop2935 9 ай бұрын
THANK YOU FOR SHARING THE REALITY OF THE DEOPSHIPPING BUSINESS MODEL!
@BrokenWrenches
@BrokenWrenches Жыл бұрын
Wow. Finally a straight shooter that explains the basics in easy to understand stand format…. Super annoying all these pretty young folks producing exceptionally vague videos over and over claiming that …. Fill in the blank. Basically the old used car salesman tactic.
@joshuagordon2019
@joshuagordon2019 2 жыл бұрын
Really great information man looking to start my on drop shipping/ e-commerce soon and this has put a better realistic perspective on it I don’t plan to get rich quick or anything and I have an idea on how to make it work for me but the end goal is to make it better for the customer and shipping times so I can see a better return in the future but taking it slow at first 🙌🙏❤️‍🔥
@Ogzentx
@Ogzentx 2 жыл бұрын
try the flying boomerang ball, it was a trend in dec, 2021. And as you probably know trends return every year so, you can now have a great start because Black Friday is coming up, Christmas is coming up and all sort of holidays in Q4
@amjee888
@amjee888 Жыл бұрын
I hope you succeed
@JessicaJ.Barnes
@JessicaJ.Barnes 4 ай бұрын
Loved the video!💕 Just started my comic book collection and found Toon Haven. They offer a huge variety of digital comics for every genre, and lifetime updates too!😍
@rosebud3971
@rosebud3971 Жыл бұрын
You are the first and only honest GURU on dropshipping.
@myurbangardening
@myurbangardening 10 ай бұрын
I love, love your videos and how you explain the essence of business model so eloquently. I have to say, honestly, I was at first thrown off by a bit old school style thumbnail. But your words overwhelm everything else. Thank you so much for your words of wisdom.
@AmityChrisCollins
@AmityChrisCollins 3 ай бұрын
LOVE how you present this video. Straighforward. Thx for taking the time
@yamiralizarroyo255
@yamiralizarroyo255 10 ай бұрын
I love the honesty of this guy . Many others sell a dream to try to get me to buy a 3000 course
@infiniteunity1667
@infiniteunity1667 3 ай бұрын
Those teach can't. Those who can do it. Just look around you for evidence of this.
@ennamorgan
@ennamorgan Жыл бұрын
You Sir are very knowledgeable. Thank you, that was quite thorough and informative!
@TheRagingUnprofessional
@TheRagingUnprofessional Жыл бұрын
Its funny because you mentioned using dropshipping as a means of finding good, profitable products to wholesale, etc. As many dropshipping videos there are out there, never have I heard a single one mention this. I've been dropshipping for 3 years, have owned multiples stores on Amazon, Etsy, eBay, Mercari, and currently have thousands of items listed, and this is 100% one of the best reasons for someone to start dropshipping, it works. You'll be surprised by which products sell insane volume ;) Just do it, start today.
@heyjaja72
@heyjaja72 Жыл бұрын
Is it an easy business and how.much would you recommend I have for cash upfront?
@TheRagingUnprofessional
@TheRagingUnprofessional Жыл бұрын
@@heyjaja72 I started with $1,000 and that paid for listing fees, VAs, and products once the orders came in.
@Beth5171
@Beth5171 Жыл бұрын
Thank you for the uplifting and encouraging words! 🙂
@amossimango9984
@amossimango9984 Жыл бұрын
Can l get your contact
@zenyxz018
@zenyxz018 Жыл бұрын
If it's ok, during your 3 years journey. How much have you profited from dropshipping. and was it worth it?
@t8624ra
@t8624ra Жыл бұрын
Excellent, very details, no fluff, to the point. Great video.
@kimberlysnow1465
@kimberlysnow1465 Жыл бұрын
Thank you for breaking it down, I have been searching for this content for awhile.
@GRAMBONER314
@GRAMBONER314 2 жыл бұрын
Thank you for the honesty and great links to get started. Peace Love n Chicken grease.
@dmmurray9422
@dmmurray9422 Жыл бұрын
I trust this guy, and will be taking his advice on my ecom business. Many thanks
@choupies9897
@choupies9897 2 жыл бұрын
awesome video thanks these is the detail information I HV been looking for.
@aracelir4311
@aracelir4311 Жыл бұрын
I love the clarity of your videos! Even though english is not my first language, I fully understand
@steve23464
@steve23464 Жыл бұрын
I just don't get why someone would choose a completely random website to buy a product, give them your credit card info and hope you get the product let alone completely scammed to save a few dollars if any at all? It all sounds like selling cheap junk from aliexpress and then up selling it.
@maricrisgenove9060
@maricrisgenove9060 9 ай бұрын
i watched a lot of videos about ecommerce and dropshipping but a lot of them requires membership or courses they sell to know the details.. everyone is promising heavens and im so confused who is legit and bogus, im planning to do ecommerce or dropshipping and im still on the learning process... when i watched your video i've learned a lot of things, tips and facts than those other videos i've watched.. thank you.. i subsbcribed on you channel and gonna watch all you videos.. keep doing videos that will help ordinary people who wants to have financial freedom or like me who wants to escape the 9-5 job
@MiniMu-2008
@MiniMu-2008 2 жыл бұрын
Thanks for this video. I learn so much from your content
@waynelast1685
@waynelast1685 Жыл бұрын
Seems like POD companies basically charge us retail prices, and so we have to have a premium markup .
@neoblackcyptron
@neoblackcyptron Жыл бұрын
This is gold. I saw your business on cnbc.
@znote64
@znote64 11 ай бұрын
Nothing in life is easy. If you want it to work, you must do the work.
@asAODA
@asAODA 2 жыл бұрын
The most amazing and educative video about dropshipping ever made!❤
@rawpamper
@rawpamper Жыл бұрын
Extremely unbiased and helpful . Thanks
@TrinhQuangAnhHa
@TrinhQuangAnhHa 4 ай бұрын
appreciate for sharing this with us, excellent video
@Benjamin-vo6qk
@Benjamin-vo6qk Жыл бұрын
Yeah, let's say we already setup our online shop for dropshipping. The biggest question is how do you get people to find your shop ONLINE?
@infiniteunity1667
@infiniteunity1667 3 ай бұрын
Multi-channels marketing. Organic or paid traffic. SERP etc
@patronsoldit6602
@patronsoldit6602 2 жыл бұрын
It's insane how many How To ads came up. Seems to me the real money 💵💵 is in getting people to buy your get-rich training course.
@infiniteunity1667
@infiniteunity1667 3 ай бұрын
Oh Noooo. Another Scam!!!?????
@runitbackchop8923
@runitbackchop8923 4 ай бұрын
This video was incredibly valuable to me thanks
@Numberonechesspest
@Numberonechesspest 9 ай бұрын
I get my products first so my company can do quality control before it goes out to the customers. Skipping this step can lead to a pile up of madness.
@lukec.9819
@lukec.9819 2 жыл бұрын
Great video!! Lots of informative tips!!! New subscriber here 👏😊
@EVOMEMAROC
@EVOMEMAROC Жыл бұрын
The most informative video i have watched till now.
@edbenzino
@edbenzino 2 жыл бұрын
Chuckle some people overthink over a simple structure business. No its not a get rich quick scheme...but its a simpler way to understand importing/exporting business. Can you get wealthy (notice how i dont say rich) sooner... if you dont have to work after 8-12 months then your on the right track. Have you ever noticed that most of us who are able to get a digital business running is at a younger stage while some of those who agree to this video mindset is from an older generation... Yes we still put blood sweet and tears into creating an independent self sustaining business/es at a young age but there is a few major differences as to why us young ones get it while the older generation take a bit longer...
@KeekeeKarin5
@KeekeeKarin5 2 жыл бұрын
Ugh, so true… I’m 30 and am absolutely struggling to escape the older-Gen mindset you’ve described here. I had also thought it would have been easier for me if I was younger and started years ago.
@RuralForestProductLimited
@RuralForestProductLimited Ай бұрын
​@@KeekeeKarin5 30 is not old. Get over it
@loveduowxsj6268
@loveduowxsj6268 Жыл бұрын
This video is not about ugly truth but more about an introduction of dropshipping
@iatrou
@iatrou 7 ай бұрын
GREAT HONEST video. Thank you !
@mr.daydreamer5106
@mr.daydreamer5106 Жыл бұрын
TRANSPARENT review! you're really something sir, please keep us enlightened always. Thank you for this very informative review.
@anitawilson6504
@anitawilson6504 2 жыл бұрын
Thank you for this video it was very informative.
@unahp.3751
@unahp.3751 2 жыл бұрын
This was informative. Thanks!
@rageavictor8099
@rageavictor8099 Жыл бұрын
this was a great video for a complete bigimner who has heard of dropshipping before but had no idea what it was about, I've subbed
@tobiasfalang5171
@tobiasfalang5171 Жыл бұрын
Brother!! Thank you for all your great videos!! Bless you my brother!!
@TroyQwert
@TroyQwert 2 жыл бұрын
Thanks man! I appreciated that. Honest and straightforward. That's what I was looking for.
@Jay-ru3hx
@Jay-ru3hx 2 жыл бұрын
Wow. This explains why there are so many of the same garbage products online with s***** customer service backing it up.
@LiễuÁiTriều
@LiễuÁiTriều 4 ай бұрын
THANKS A BUNCH, AMAZING VIDEO!!!
@ChiyoriKobayashi
@ChiyoriKobayashi 4 ай бұрын
Thanks for sharing this, truly excellent content!
@kaistockman6443
@kaistockman6443 Жыл бұрын
I’m pretty sure I ordered something from eBay that was dropped shipped from Amazon. The quality was not the best.
@0098023
@0098023 2 жыл бұрын
Well done bro! 🎆🎆
@Challengeyourwhy
@Challengeyourwhy Жыл бұрын
Well.. all of this together sounds like any other business I did or doing. 😂 Only thing people should really remember is that if you want to get rich over night, go play lottery and expect a jackpot. If you don't want that, then WORK and fight like you are the third monkey infront of a Noe's Ark and oh boyyy IS IT STARTING TO RAIN!
@10ashagirl
@10ashagirl Жыл бұрын
Whew…. This is absolutely needed info…Thank you
@AstroMikeZ
@AstroMikeZ 2 ай бұрын
I ran a small office in China for 20 years. The way that I saw people get rich was to get a patent in the West, and then have the product made dirt-cheap in China. The patent process is not for the faint of heart, however!
@thelaunchdude
@thelaunchdude Жыл бұрын
Hey there! Great video!!!! What camera/lens do you use for your main talking head shots?
@Sergeanttubbs13
@Sergeanttubbs13 2 ай бұрын
Very well done, comprehensive video. Thank you.
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