Skip to main content

How much money can i make drop shipping

how much money can i make drop shipping

Digital entrepreneurs are often haunted by the uncertainty of the profitability of their business model. With the pace at which technology is evolving, we now have both j ray of hope and a grim understanding that new digital business models are short lived. Technology is a double-edged sword: on one side, it benefits the users and brings new ways of conducting businesses; on the other, it obliviates old methods as fast it creates new ones. But now, as Google has released hundreds of updates over time, the methods of ranking websites has completely changed. You can see that while it did get a dip last year, it is still going strong. And, if you check the Google trends for US, you will notice that more people within the US are searching for dropshipping terms. It is a shocking surprise. The trend highlights five-year data and shows how popular it has become in the last few years. This also presents one more notion that dropshipping was hoow business before AliExpress became popular.

Trending News

Johnny awesome post! I recently have been following you and love your style, approach and transparency. With DS you need to drive your own traffic correct? With FBA you are already in an open market of purchase minded customers correct? Is it a fair assumption that FBA would be a shorter path to profits or am I missing something? Thanks and keep up the great work! Matt B. Hey Matt, happy to be able to share openly. There are pros and cons with both dropshipping and FBA.

Ecommerce continues to grow at a breakneck pace, with virtually every business and aspiring entrepreneur trying to make a buck one way or another via digital salesmanship. Nonetheless, certain ecommerce strategies are sounder than others, and some tactics like dropshipping have become less popular over time, thanks to new constraints that make it less profitable. Many continue to assert that dropshipping is a surefire way to earn a profit. Can you still make money dropshipping in ? The truth of the matter is that dropshipping is only a profitable endeavor if you strive to ensure that customers are always your top priority. While dropshipping eases your workload by reducing the amount of goods you need to keep in stock, it creates additional challenges, especially when it comes to issuing refunds and ensuring customers receive gratification. Many of those who once saw dropshipping as an outlet to business success quickly realized that they had deeply misunderstood dropshipping and paid the consequences for it. Having learned from their mistakes, some ecommerce professionals can tell you about the common dropshipping mistakes that almost cost you their business, but countless rookies will doubtlessly keep making those errors. As always, stress honesty and efficiency above all else. Business owners should also recognize that dropshipping models require that you prepare yourself for some extra homework.

how much money can i make drop shipping

It’s Hard Work, But It Pays Off

So far promises to be a year full of business successes. It is widely believed that the business is saturated and reached a point where it cannot make you much money anymore. I read a few guides about dropshipping. And they all say how great dropshipping is for getting started with eCommerce. But, what most guides only mention on the side: typical shipping time is days. I mean, when dropshipping, I would basically sell generic, unbranded products, which people have to wait several weeks for. I would love to get some opinions from you, guys and girls. Anybody here still operating a dropshipping business? Based on this question and few thought-provoking responses from other users, we can summarize the main issues that people have in general with a dropshipping model of ecommerce:. Based on the points above, one can assume that dropshipping indeed is not the shining star business model of the ecommerce world. Alternatively, it can be easily argued that dropshipping is not dead. In the past couple of years, the dropshipping model of business has seen a huge rise. With so much awareness and knowledge in the palm of our hands, the world has become a global village. And since dropshipping has been all the rage for many years now, too many people have jumped the ship pun intended in the past couple of years.

Table Of Contents

I just wanted to give a brief introduction to this guest post from Joseph Brusca. Joseph is someone that I had on the Niche Pursuits podcast recently along with his brother Mike. These guys have been involved in dropshipping for a long time and shared alot of their tips for getting started in this podcast interview. Today, Joseph dives into high ticket vs. If you are interested in getting even more tips from Joseph, you can check out his Instant eCommerce Training right here. Dropshipping when done right is probably the easiest and quickest way to start generating income online and creating a web-based asset that you can sell. But when done wrong, a dropshipping can cause you waste countless hours and lose thousands of dollars. The term refers to when the business who makes the sale to the consumer or business does not actually ship the goods that were purchased. For the shipper, it allows them to not have to focus on marketing and selling. Instead, they can put a bigger emphasis on supply chain and inventory management. Even huge retailers, such as Amazon, utilize dropshipping as part of their retail business more on this later. I like to group dropshipping into two different categories: low ticket and high ticket. If you read the definition carefully, then you might already have a guess for which one I prefer.

Is Dropshipping Worth it?

Johnny awesome post! I recently have been following you and love your style, approach and transparency. With DS you need to drive your own traffic correct? With FBA you are already in an open market of purchase minded customers correct? Is it a fair assumption that FBA would be a shorter path to profits or am I missing something? Thanks and keep up the great work! Matt B. Hey Matt, happy to be able to share openly. There are pros and cons with both dropshipping and FBA.

One benefit of FBA is that there is already a huge audience of customers waiting to buy on Amazon. However, they will never see your product unless you make it to the first 2 pages of Amazon listings which takes time, a marketing plan, including getting a lot of reviews, most of which require some money upfront to get, either by giving away free products now discouraged by Amazonbuying reviews also now banned from Amazon or other methods.

Also with FBA it takes a few months to actually get the items physically imported from China to your FBA warehouse, especially if you take the time to get samples first to make sure the products are what you are expecting, which is recommended.

With dropshipping using Anton’s model, you get traffic through paid ads primarily, which means once your store is setup, you can potentially start making sales within the first 24 hours of your store being live. All of my stores started making sales within the first few days of ads being run. Also, I think mindset plays a huge role in all of this, and in success with our individual endeavors.

For me, your blogs and podcasts provided me with a different perspective. They helped me develop a mindset that allowed me to discover and pursue my true values, which turns out to be much more than just money. I imagine trolls might think they’re looking at some kind of get rich quick scheme and not doing the research. Everyone who follows you, or is part of something like DSL knows what the true value is because we’re actually putting in the hard work and research.

What haters are seeing is the perspective of people who are just absolutely crushing it in life! Hey Jason, I randomly came across it almost 10 years ago and it’s resonated with me ever. It’s actually tattooed across my left forearm.

Thanks for the comment and being part of the journey Jason! I’ve been following your blog ever since I heard about dropshipping. You’re an inspiration to me. Nevermind those whiners, all they could do is complain about their life situation and actually not putting any hard work at all to elevate it. That’s what they’re good at. More blessing and successful years to you Johnny. Hey Johnny, Im incredibly glad to have come across some of your posts.

It’s gonna be 15 hour days starting today with Anton’s Method to get my dropshipping store up and profitable. I want to click on the link for antons course that will also give me access to your optimizing course for free.

Also do you recommend just going with the premium option instead of the done for you method? I feel it may be best to learn the ropes rather than pay to have everything set up for me. Thanks man!!! Hey Alex, I’ve been meaning to make a post on the options, but yes it’s way better to do it yourself and learn the ropes if you’re willing to watch tutorials on how to do things like resize images, copy and paste tiny bits of code here and there, simple things but require patience.

The done for you is good for people who don’t want to learn the basics of web design at all. To be honest, I was also wondering the same thing as Jon regarding Dropshipping. Thanks for clarifying! Hey Roots, I’m glad to have taken the time to write this then! It’s really for people like you who just genuinely want to know!

YO Johnny! Found you on YT when I was doing some research on living in Thailand. I have set a plan in place to be in Thailand with my family by Travelling, hustling online and relaxing.

What a coincidence that I am also an aspiring digital entrepreneur! I have experience in both affiliate and client SEO and Kindle. I have been interested in DS and Ecom for a while now and while I was searching through Udemy’s courses I seen a drop shipping course and considered purchasing. It wasn’t until I seen your mugshot no disrespect lol that I thought, «hey I recognize that bald head! I have just finished reading through your Store in 30 days challenge to get a solid overview of what’s inside DSL, or at least the process I am confident in technical design, SEO etc.

The only part of the puzzle I believe i’m lacking experience in is the finding suppliers part. I’m wondering if you have your own course on DS? Anyway, you’re awesome man and I’ll be watching your site closely for updates. I’m gutted i wouldn’t make the cut for being part of your store building group as I am not a member of DSL and I don’t have an established DS site.

Hey Beau, that’s awesome you’ve been following along the journey for so long and you want to move out to Thailand with the family. Thanks for the reply. Sweet as, I will hustle my way towards the 2. Johnny, Thank you for your inspiring work in entrepreneurship, digital nomadism, and lifestyle design!! I have been doing AirBnB rental arbitrage, started a basic blog, working in venture capital, and been building online businesses as a student for the last couple of years, and would like to start expanding my knowledge base.

There are many opportunities in these spaces which I would love to share with you should it be of. Thanks again, and please let me know if we could talk here or over the phone for a brief introduction whenever is convenient for you!!

Best, Tyler Ettner. Hey Tyler, glad to have you following the journey and doing it yourself with success! Big congrats to you!

I won’t be partnering or investing in anything new for a while, but keep it up and let me know how it goes! It’s crazy to me whenever I hear anyone talks about online business that works. I thought ,it is like a dream that can’t be reached. Listen to the Travel Like a Boss Podcast. I’ve now interviewed over people who have different online businesses that they have made work!

I read the article you shared, it was awesome and left a deep impression on me, thank you for sharing this great article and meaning. Johnny, How do you choose the products you plan to sell?

His course is at www. Please take a second to log in before you comment. I’ve turned off the anonymous commenting option. I’m open and respectful with you, please be the same. Stay positive, trolls and spam comments will be automatically deleted. Labels Income Report. Comments Atom. Copyright Powered by Blogger. Reviews Johnny’s Travel Guides.

Best of all from the skills and experience I learned from starting and running my dropshipping stores, its given be both the skills and confidence to make money teaching, blogging, podcasting, investing and work on other projects.

I had my virtual assistant go over my accounting for the past year to tally up exactly how money I earned from running my actual dropshipping stores, versus how much money I made with my courses, as an affiliate and with my other projects. I’ve since updated this post to include running and selling my second store.

Here’s how I did it, how much I earned from dropshipping and how much money I’ve made from my other projects as well! Last year in that number was more than double as I was earning income from both stores and actively managing them and growing. Honestly, if I focused on nothing but growing my dropshipping stores, I might have doubled my dropshipping income for this year as last year I made even more!

Aside from the first couple of months of the year, immidently after selling my store, I took off to Europe and hardly logged into my stores at all for the rest of the year. A lot of you don’t’ realize this, but I actually have a course called Dropship Lab where I teach people who already have a profitable dropshipping store how to scale up their income and make potentially 10X what they are making today with it.

Well, now in while updating this, I am tempted to write a post called, «Ha! I Told You So! For me personally, ever since I started my store in I’ve been making sales and for the past couple years it really sky rocketed.

Here is a screenshot of one of my store’s dashboards for the past few years. Normally I just ignore people who write negative comments as most of them are either trolls or just misinformed and looking for excuses on why something doesn’t work. I never reply to them as it gives them a soapbox to stand on and scream frantically.

But my biggest fear is that people who genuinely want to find a way to make money online by starting a business will get scared off or start having doubt if it really works or not because of idiots like this that have no idea what they’re talking. The other reason why I don’t reply to these comments and correct their mistakes is because they don’t actually want to know the answer, they just want ammunition to hate.

But since normal people are reading this and are curious, here’s why these guys have no idea what they’re talking. The truth is my affiliate commissions come from around ten different sources are include web hosting, books, travel gear, Muay Thai gear, software products, a bunch of different courses that I’ve recommended ranging from Amazon FBA courses, Kindle Publishing, Ebay Arbitrage, Podcast Production.

With the right combination of free trials and starter plans — and a willingness to look the other way and hope for the best when it comes to the quality of your products — 45 minutes of spare time is all that stands between you and a dropshipping store. This post will break down unavoidable costs that any legitimate dropshipping store will need to absorb to get off the ground. No doubt, online stores have lowered the barrier to entry to starting a business. You can plug into suppliers from around the world and sell their products without ever holding inventory. Even with dropshipping. Dropshipping is an ecommerce business model that allows entrepreneurs to run an online store and sell products without having to purchase inventory upfront. You can use a marketplace like Oberlo to connect your store to thousands of suppliers and products. Start Your Online Business Today.

Dropshipping can lack accountability.

When starting an online businessone of the key elements is having products to sell. In the vast world of internet entrepreneurship, there are many answers to all of those questions. You could create your own products—but that can be a long and time-consuming process. Or you could buy in bulk from a manufacturer and then ship out products to your customers as they buy. But that is acn expensive drrop, and you have to take the risk of investing that money in buying stock, storing inventory, and not having sales, which can be particularly troublesome if you’re dealing with perishable goods to trendy items. There is a solution that allows you to sidestep all those hassles.

Comments

Popular posts from this blog

Easy ways to make my money work for me

You could read all the articles, watch all the how-to videos, listen to all the podcasts, and even attend the right business school, but still not know the best ways to make money. Just like our relationships, our time, our food preferences, and even our financial choices are personal. You have to get into the kitchen to cook up your own recipe for financial success and independence:. Whatever the case, your recipe must reflect the reality of your personal preferences, your daily challenges, and the way you live. Nobody ever mentions the thousands of inventors, industrialists, retailers, and entertainers who fell flat on their faces. You could look into franchising requirements for Five Guys or whatever your favorite store or restaurant actually is and open your very own location. Most stores require some personal investment, and they may have some other requirements. If you need a lower bar for easy ways to make my money work for me into entrepreneurship than opening a franchise, onl…

When did the ncaa start making money

Colin Dwyer. In a surprise move, the NCAA says it intends to allow college athletes to earn compensation — but it says it’s only starting to work out the details of how that would take place. The organization’s board of governors said Tuesday that it had voted unanimously to permit student-athletes to benefit from the use of their name, image and likeness. Drake added, «This modernization for the future is a natural extension of the numerous steps NCAA members have taken in recent years to improve support for student-athletes, including full cost of attendance and guaranteed scholarships. The NCAA, the national governing body for collegiate athletics, said its decision followed input over the past few months from «current and former student-athletes, coaches, presidents, faculty and commissioners across all three divisions. Notably, the decision follows California’s adoption of a law that bans schools in the state from preventing student-athletes from accepting compensation from adver…

How to make money from cash back

You already know about rewards credit cards, but if you’re not using these other options, you’re missing out on even more dough. Remember how much of a pain it used to be to get a rebate? These days, it’s a lot easier to get rebates — except now they’re called «cash back,» and the process is almost entirely automated. So automated, in fact, that it can seem almost too good to be true. Good news: It’s not. By leveraging one or more cash-back tools and services, you can save money or earn rewards — not just on a select few items, but on nearly everything you buy. Let’s take how to make money from cash back look at the various options. I’m not going to spend a lot of time here, other than to say that if you’re not using a cash-back card, you’re literally throwing money away.