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Jul 22, 2019 02:19 PM
(This post was last modified: Jul 22, 2019 02:25 PM by znc.)
Some of you guys may have seen my thread about my $110k~ revenue month with dropshipping!
Well, here's stats for yesterday...
Revenue mobile screenshot: https://prnt.sc/oimxi3
Video earlier in the day yesterday of ads manager refreshing (look at the time): https://streamable.com/2ufg9
This is only ONE of my 5 stores (they aren't doing these kinds of numbers, though).
Dropshipping most certainly is NOT dead! DO NOT trust people here selling stores/mentoring. I'll catch smoke for saying that, but it's bullshit. I've even had members here message me calling out people they've paid for mentoring saying they've made $0 after thousands spent begging for help.
If you need help, ask me any questions below. I'll help for free.
FAQ:
How much money do I need to start dropshipping? Don't listen to the BSers on this forum. They're all trying to sell you these pre-built stores that "guarantee sales", but in reality, you'll need at LEAST $1.5k to start. Facebook Ads can cost THOUSANDS of dollars spent on testing before you find a way to profit. That's EXTREMELY common now, and it's usually the case. Mentors ARE important because you can skip that thousands of spend testing and learn directly from them, but every mentor I've seen here (including ones with hundreds of replies; won't say names, Sq) are bullshit.
What's your store/product? I go through tons of precautionary measures to make sure dropshippers don't see my ads. I do not and will not share my stores nor my products until after they've died off.
How do you advertise? I focus on Facebook Ads, but I'm constantly receiving DMs from huge influencers (millions of followers huge) wanting to work with me. I don't chase influencers, but when they show up, I run them and they do insanely well.
What about shipping times? Dropshipping is a PROOF OF CONCEPT in my eyes. I test my products/stores with Chinese AliExpress suppliers. Once proven, I start private labeling and setup fulfillment in the US. Sure, people complained early on; so what? It's unethical to some, but they DO receive their product and I do state on my site that it can take up to 30 days to arrive. All in all, I almost NEVER receive chargebacks due to shipping times.
What's your NET PROFIT? I average roughly 36% net profit with my new fulfillment center. While dropshipping, it was more-so 25%-30%.
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Well good job. I had a store back in 2013 doing that but in a year lol
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(Jul 22, 2019 02:19 PM)SIM-1534439 Wrote: Well good job. I had a store back in 2013 doing that but in a year lol
Thanks! I appreciate it. It's very much-so still possible!
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(Jul 22, 2019 02:21 PM)znc Wrote: Thanks! I appreciate it. It's very much-so still possible!
Well if you need a web/dev ops developer to get rid of shopify hmu lol
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(Jul 22, 2019 02:24 PM)SIM-1534439 Wrote: Well if you need a web/dev ops developer to get rid of shopify hmu lol
Appreciate the offer, but Shopify makes everything way easier for me. Tons of integrations, apps I use, and built-in features I love.
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How much do you suggest investing in ads to start off just to see if the products a hit or not.
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(Jul 22, 2019 02:26 PM)SIM-1534439 Wrote: How much do you suggest investing in ads to start off just to see if the products a hit or not.
Testing a product/store usually costs me anywhere from $100-$300 max. At that point, I can usually tell if there's potential to keep running, or if I should cut my losses.
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(Jul 22, 2019 02:28 PM)znc Wrote: Testing a product/store usually costs me anywhere from $100-$300 max. At that point, I can usually tell if there's potential to keep running, or if I should cut my losses.
Ok thanks!
What about facebook ads. When I had my store I spent around $50 on this one ad that was so shit. I then changed it up only slightly (I cant remember what) and it did amazing. Whats your best tip when using facebook ads?
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(Jul 22, 2019 02:30 PM)SIM-1534439 Wrote: Ok thanks!
What about facebook ads. When I had my store I spent around $50 on this one ad that was so shit. I then changed it up only slightly (I cant remember what) and it did amazing. Whats your best tip when using facebook ads?
Your experience matches EXACTLY how Facebook Ads works. It's good you realized that early on.
Paid advertising (especially with Facebook) requires CONSTANT testing of as many isolated variables possible. Figuring out which creatives work with which audiences, who to target with what adcopy, what placements to use/avoid, which scroll-stopper to use, demographics, countries, even scheduling ads for specific times each day, etc.
Dropshipping is 100% trial and error.
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(Jul 22, 2019 02:32 PM)znc Wrote: Your experience matches EXACTLY how Facebook Ads works. It's good you realized that early on.
Paid advertising (especially with Facebook) requires CONSTANT testing of as many isolated variables possible. Figuring out which creatives work with which audiences, who to target with what adcopy, what placements to use/avoid, which scroll-stopper to use, demographics, countries, even scheduling ads for specific times each day, etc.
Dropshipping is 100% trial and error.
Agreed.
I havent done it in a few years now but maybe I may give it ago soon.
Thanks for your time answering :)
I did shopify for a few months and didn’t make much at all. It was quite difficult but I’d love to get back into it and be able to keep reaping the rewards. Are you offering a mentor service?
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Jul 22, 2019 02:38 PM
(This post was last modified: Jul 22, 2019 02:39 PM by znc.)
(Jul 22, 2019 02:35 PM)Goku Wrote: I did shopify for a few months and didn’t make much at all. It was quite difficult but I’d love to get back into it and be able to keep reaping the rewards. Are you offering a mentor service?
I have a mentoring service, but it's more catered to those in my community (I have a blog and Discord community with a few hundred members revolved around E-Com).
It requires a budget of $2,500+ overall, as that's what I require to feel comfortable with bringing success.
I don't expect you to be interested, as I truly recommend not trusting anyone on this website/anyone you haven't seen give consistent legitimate results to multiple people you know aren't BS'ing. These threads are all FULL of BS reviews and inspect elemented "vouches".
did you design your site yourself and are you taking payments through paypal or?
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(Jul 22, 2019 02:43 PM)celesteal Wrote: did you design your site yourself and are you taking payments through paypal or?
I design all of my sites on my own. They're INCREDIBLY easy to make once you've done it a number of times. I can whip up a store and have it running ads in legitimately 3-4 hours.
I use Stripe and a private payment processor occasionally (when Stripe's being a cunt).
I believe you man,
ANYTHING can be done with a little hard work and effort
Im on here using old ass methods killing it right now.
Im using CPA using methods that are saturated from like 2012
but it dont matter little time effort and SE skills and you can still kill it.
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