In this video, you get straight answers on dropshipping that you’ve been too afraid to ask, with nothing to sell you and all truth.
I literally kick myself in the head at the end of the video.
I will show you if dropshipping is right for you and a strategy to do it so you don’t waste months of your life chasing a YouTube kid doing something that will never lead you to profit. Discover if dropshipping is really worth it.
You’ll get the 4 criteria of picking a killer product to sell in any market as I reveal how our multi-million dollar clients on Shopify dropship.
Some highlights from the video:
What is Dropshipping?
Dropshipping is a fulfillment strategy where you keep no stock. People buy on your website, the order is pushed to a supplier, then the supplier ships the order to the customer.
Dropshipping is incorrectly thought of as a quick rich scheme because of the lure of little effort and high rewards.
What Are The Benefits of Dropshipping?
Dropshipping is a legitimate business since it is just a type of fulfillment. It has pros:
- You don’t need a lot of money.
- You don’t need inventory.
- You can do it from anywhere in the world.
I see Shopify clients take advantage of these pros of doing dropshipping by using it to test products. There’s no waiting 6-months for product development. You can be selling a product that day to see how it performs. Once it works, the smart clients will develop their branded version with improvements on the original, to eliminate every con of dropshipping.
Is There Any Downside to Dropshipping?
Yes, there are six main downsides. The cons of dropshipping are:
- It isn’t simple.
- You have low profit margins, often 30% or less compared to 50% for private label.
- There’s increased competition.
- You have no control over the quality of the product.
- It’s hard to build a brand.
- Long shipping times confuse customers with expectations that make them angry, giving the business a bad reputation.
Is Dropshipping Legal?
Dropshipping is legal because it is a business model of fulfilment.
How most YouTubers do their dropshipping is sometimes unethical, even illegal. They won’t have the proper business registration in their country. They’ll create dozens of fake reviews to increase social proof of a product, an illegal act in many countries. They breach copyright, reusing images and photos from other people.
When they’re not doing illegal activities, they’ll do unethical ones like use ChatGPT to make low-quality ebooks with laughable claims, like a 33-page one I saw called, “How to Make $1000k/day”.
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