SUBTITLES
Now listen, there are 2 ways
you can start dropshipping,
it’s either with a low budget or high budget.
And believe me or not, it IS possible with
both of these ways, because having made
over 20 million dollars in dropshipping
myself over the course of 5 plus years,
I have practically been through it all, which is
why I will go over these 2 ways you can start,
so you can decide which one is the best for you.
I will literally put everything down on the
table with full honesty and transparency,
so make sure to stick till the end.
Now, let’s begin.
Before I go over the 2 ways you can start,
I want to quickly tell you what I mean with
low and high budget. Low budget in my eyes is
anywhere from 10 to 50 dollars, and high budget,
50 to 250 dollars. You don’t need
more than that to get your first sale.
But of course, with a low or high budget,
the methods to start will be different,
but I will talk about that later, because
I want you to firstly understand WHY
dropshipping is the best business model to
pursue, statistically speaking of course.
With a quick search on Google Trends with the
term Dropshipping, you can clearly see that
in the last 12 months, dropshipping has kept
growing rapidly and gathering more attention
all around the world, meaning that more people
are interested in pursuing this business model.
And before you think about it. No this does not
mean that dropshipping is getting more saturated,
or that it’s too competitive, because let’s be
honest here, every business model you pursue
will always be filled with competitors and
it’s just a matter of how badly you want it,
and the effort you’re willing to
put in to outcompete the others.
The ONLY difference, or ‘’price you need to pay’’
if you are going to start dropshipping at this
time, is to be way more different in how you do
things than the others, so you can stand out.
Now even though I run multiple dropshipping
stores till this day that are generating
millions of dollars, I still have
to face new upcoming competitors,
and make small changes to still
maintain my position in the industry.
But that isn’t a big deal as long as
you keep your foot in the industry,
stay updated with changes happening,
and implement them into your own stores.
Anyway, now that you have an understanding of why
you should start dropshipping and what to expect,
let’s get to the real value. The whole
dropshipping operation consists of 4 factors,
and that is, finding a product to sell,
building a store, marketing the product,
and lastly, fulfilling your orders.
That’s the key factors you need to master in order
to operate a successful dropshipping business.
And back to the main topic of this video,
I will now go over the low budget and
high budget ways you can start, and it’s
your call to decide what’s next for you.
Let’s start with the first factor, and
that is, finding a product to sell.
There are a bunch of different methods you can
use when it comes to finding a product to sell.
AliExpress and TikTok for example are what the
majority of new dropshippers use to find products.
However, in reality, it’s just endless
hours of scrolling and purely guessing
if the product will sell or not and this
method can work but there is more risk
involved with it since you are relying
on low-quality data as a research method.
And with low quality data, this is what I mean.
Imagine yourself going to AliExpress, and let’s
say that you found this product that you deem
is interesting to you. You do not have any data
about this product that will validate if it is
worth selling. You just have to go with your gut
feeling, which is of course what you should always
go after, but having some sort of validation will
increase the chances of succeeding with a product.
I mean of course, going to Facebook Ads
library to look at the engagement and
reach that an advertisement for a product has,
does give some sort of validation since no one
is going to be spending money on ads unprofitably.
But then you have to remember the engagement you
see does not reveal data about the geographical
location of the consumers who saw the ads. And
this is really important, an advertiser targeting
countries with a low purchasing power may get 10
million views on the advertisement and generate
$5000 in revenue while another advertiser
targeting countries with high purchasing
power, such as Switzerland, Qatar or the
United States with the same amount of views would
generate minimum $500k in revenue for-example.
And if you want to approach this with a
high budget and have a great advantage,
it’s through data driven product research,
to see if a specific product is actually
selling for the other dropshipper.
Which is how me and the other pros do it, one of
my favourite tools to use for this is Dropship.io
You just go to any product you find
interesting from a Shopify store,
copy the link for it, paste it in
Dropship.io and it will show you
the sales revenue that the store owner
is making every single day.This is not
100% accurate but it at least gives you an
idea that the product is worth pursuing.
And there are the 3 key metrics
to finding a good product to sell.
Problem solving, make sure that the
product solves a problem and provides
a solution for your customers
that actually benefi ts them
Ever-green product, make sure that
the product can sell well throughout
the year and doesn’t rely on any
seasons, such as Summer or Winter
And lastly, Uniqueness, the product itself is
unique, for example, it gives a wow-factor,
high perceived value, and is
not easily found in local stores
If you follow these 3 factors
when doing product research,
your chances of finding a
winning product is much higher.
And a great product that actually follows
these factors is this Mini Sewing Machine,
it solves a problem, sells throughout
the year and is very unique,
and I’ve seen many sell this product successfully.
So what’s the conclusion for finding
products? If you are on a low budget,
you should use AliExpress or TikTok to find
a product to sell, but again, the chances of
finding a great product isn’t so high. Don’t get
me wrong, it works, but it will take more time,
if we compare it to the high budget method
where you use a tool to rely more on data.
After you have found a product,
the next step is building a store.
The majority of dropshippers
including myself use Shopify
to build our dropshipping stores
because it is easy to use and they
have multiple different store themes that
you can pick from to design your store.
There are 3 types of stores you can
build in dropshipping, a general,
niche, or one product store. A general
store is basically a store with a bunch
of products from different categories, a
niche store is focused on 1 niche only, and
a one product store is what it sounds
like. A store with only 1 product.
And a one product store is what I
strongly recommend you to create,
because the conversion rates are much higher than
the other store types, and it’s faster to create.
Also, Shopify has a marketplace of apps that
you can install to your store, to help increase
your revenue even more and give the customers
in your store an overall better experience.
The 3 main Shopify apps that
I use are UpCart, WideBundle,
and BUCKS. I use UpCart to upsell
different products, WideBundle to
offer product bundles and bucks to automatically
convert prices to the customers local currency.
And no, I am not sponsored by any of
them, these are just the apps that
I use for all of my dropshipping stores
to help increase conversion rate and the
average order value. I’m just laying
out everything on the table for you.
But here’s the thing, if you’re entering with a
low budget, all of this can be really expensive
and it’s not as easy as it seems to build a
good optimised Shopify store. It takes time.
Because of that, I’ve created a special link with
shopify that you can use to access everything for
just $1 a month to use their platform, and
on my channel, I’ve also uploaded a video
where I go over exactly step by step on how
to build a highly converting shopify store.
I’ll leave both of the links in the description.
Believe me, this will save you a lot
of time and make things easier for you.
Otherwise, for a high budget. You probably want to
skip this whole step of building your own store,
which is quite frankly what a lot of dropshippers
do nowadays because it can get really time
consuming, or in other words boring to repeatedly
build a store for each product again and again.
So what dropshippers do is go to different
ecommerce services to pay other dropshippers
to build a store for them, and that costs hundreds
of dollars, and even if you want to enter with a
high budget, hundreds of dollars and even up to
a thousand dollars for a store isn’t worth it.
In fact, you’re getting overcharged.
Yes, you can get your money back overtime but
that’s only if you manage to
make a profit with the store.
So you’re basically putting yourself
in a high risk low reward situation
For that, I’ve put lots of time from my end
into offering you the same service for a way
cheaper price, at dropship.io/store you can get
the same deal for just $49 and if you don’t make
your money back after 2 months of trying, we
will refund you the full amount without any
questions asked. These are some examples
of stores we build out for our customers:
It’s just a no brainer, and if this wasn’t
good, I would never mention it to you. Anyway,
now that you’ve found a product and built
a store, it’s time for the marketing part.
If you want to market your product with
a low budget, you need to make sure that
it’s a low ticket product, meaning that the
product is cheap to source from suppliers.
You need to also make sure that the product
is priced at a low and affordable amount,
anywhere between $15 to $30.
Because you’ll be promoting it
through organic traffic on big
platforms like TikTok and Instagram. And
the audience there are mostly teenagers who
cannot afford to spend much so make sure
they’re getting a good deal out of this.
The whole content creation industry is a field
of opportunities, you can promote any product
of yours without having to spend a penny on
ads. Meaning that you’ll have a much higher
profit margin than the usual dropshippers
who go with paid ads to drive traffic.
But here’s the thing you need to keep in mind.
Content creation is not a walk in
the park, it requires creativity,
algorithm knowledge, and the ability to
detect trends. So when you first start
with organic marketing on TikTok or
Instagram, you need to make sure that
The username is your store domain, The
profile picture is your domain logo,
a good call to action, and most
importantly your website is linked
in your profile bio because that’s where
you will be redirecting your traffic.
Now that you’ve got that setup,
you might be wondering. How do I
make content and how do I go viral?
To save as much time as possible here,
I’ve personally written a detailed Google
document explaining how to start with
organic marketing for your dropshipping
store. I’ll leave it in the description
as well. I go over all the steps there.
On the other hand, if you want to
pursue marketing with a high budget,
it will be with paid traffic. Then
Facebook ads is the way to go,
believe it or not but facebook to this day is
the best platform to advertise your products on.
Because that’s where all the working class
people spend their time. They have the money,
and you have the product, which
means there’s a lot of money to
be made and that’s if you have the
right product and ad creatives.
And keep in mind, facebook is not easy. Don’t
think that it’s just creating a campaign,
setting a budget and publishing it.
It’s way deeper than that. The first
thing you need to understand is that
there’s lots of upfront costs on ads
and testing different ad creatives to
see which one works and is profitable.
It can honestly get very expensive, even I,
who also use facebook ads for my
dropshipping stores, spend anywhere
between $200 to $250 dollars just to test
and see if a product is worth selling or not.
The second thing you need to understand is
that the product itself has to come across
as a high perceived value, meaning that
if you are selling a product that can be
sourced for $5 and it has the perceived value
of being sold for $50. Then that means you will
have high enough profit margins to cover up for
all the fees that come along with paid marketing.
So now that you’ve understood those 2 things and
are wondering, how do I set up facebook ads? Well,
here’s the solution. I’ve uploaded a
video on my channel where I go over
from A-Z on how to set up a successful Facebook
ad, I will leave the video in the description.
Now lastly, after you have found
a product, built the store,
started marketing it, and received a few
sales, it’s time for the fulfillment part.
With dropshipping, when it comes to fulfilling
your orders, it’s all outsourced. Which is
the beauty with dropshipping in my opinion. You
never have to lift a finger for the fulfillment.
There are a bunch of tools that you can use
to fulfill orders and have it automated,
but I’ll just save your time and give
you my own suppliers that I work with
for all my dropshipping stores.
They will do everything for you.
It’s 2 guys, David and William. I suggest
that you message both on Skype individually,
speak with them and see who
you can get the best deal from.
And please, only message them if you have orders
rolling in, if you do not have any orders,
then wait. Because I am giving you their
contact and we need to respect their time.
They are extremely fast at setting up everything
with and get things going, so don’t worry.
And for fulfillment, there is no low
budget or high budget ways. This is it.
Alright, that was all for today. If you would
have any questions, or if you would like to
see any other type of dropshipping video,
please let me know in the comments below.
Now, if you found this video helpful,
make sure to give it a like and subscribe
if you want to see more valuable content.
Take care for now.
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