Ever wonder how dropshippers really make money online? Then this video is for you!
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In this video, I talk about how dropshippers really make money online.
If you’re currently thinking about dropshipping as a business model, this video is definitely for you.
I’m creating this because when you look online you mostly see the “lifestyle” side of dropshipping being marketed.
I’ll start by saying one of the main reasons I love this business model is because of the lifestyle it provides.
After all, I got into eCommerce after reading the Four-Hour workweek over a decade ago…
Since then my stores have generated multiple 8-figures while also allowing me to work an average of 20 or so hours a week while being anywhere in the world. For example, living in Thailand and Vietnam for almost 5 years while continuing to grow.
When done right, this business model really can be life-changing…
But that’s the point…
Most people are not doing this right…
The problem is people get so sucked into living the “lifestyle” that they don’t even think about what goes into building a successful dropshipping…
Just check the dropshipping subreddit for people asking for feedback on why their stores are failing and you’ll see that many put in the bare minimum of effort and are seriously curious about they can’t quit their job after 2 weeks.
Better year, don’t check that subreddit. It’s bad for your brain…
OK, so back to the title of this video…
How do dropshippers REALLY Make Money…
They do it by doing the BORING work…
And by doing that BORING work consistently over time.
What is that boring work you ask? Great question. Let’s talk about it.
1. Persistent follow-up with suppliers
I recommend finding at least 20 per store and becoming an authorized retailer to sell their products.
Most people go the “easy” route of dropshipping using the arbitrage model or using an app to dropship from China… this doesn’t work long term…
What works long term is doing the “boring work” of researching suppliers in your niche, getting rejected, moving on, and continuing to follow up.
2. Uploading products the right way
Once approved you might have 300 products to upload or you might have 3,000.
Many people want to simply create a one-product store and be rich.
Instead, you need to get all the quality products from the quality suppliers and do it right the first time.
3. Talking to customers
There are ways to minimize the time commitment of talking to customers such as high ticket products that appeal to the upper-middle class. But especially in the beginning, you want to hear from your customers as much as possible. This is how you get better and grow.
There’s a lot more I go into but I think you’re starting to get the point.
Dropshippers really make money by DOING THE WORK EVEN WHEN IT’S BORING.
There are smart ways to work, but there are no shortcuts.
Watching another YouTube video isn’t going to make your dropshipping business magically grow.
DOING THE BORING WORK WILL.
That’s my rant for the day 😆
If you have any questions let me know in the comments.
If you get value from this video please give it a like and subscribe for new training videos every week!
Anton Kraly is a serial entrepreneur with over a decade of experience building online businesses, including Drop Ship Lifestyle, the “Best eCommerce Course” as voted by Shopify. He’s helped over 10,000 students find freedom through entrepreneurship.
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