3 Truth's I Wish I Knew BEFORE Starting Dropshipping (Beginner Advice)
Published on: November 27 2022 by Peter Pru - Ecommerce Empire Builders
3 Truth's I Wish I Knew BEFORE Starting Dropshipping (Beginner Advice)
Table of Contents
3 Truth's I Wish I Knew BEFORE Starting Dropshipping (Beginner Advice)
| startTime | durationTime | text |
| 00:00:00 | 00:00:04 | if I could go back 10 years right now |
| 00:00:02 | 00:00:06 | when I first discovered online marketing |
| 00:00:04 | 00:00:08 | and tell myself these three things about |
| 00:00:06 | 00:00:14 | drop shipping I would have been able to |
| 00:00:08 | 00:00:17 | scale my businesses ten times as fast so |
| 00:00:14 | 00:00:20 | if I could go back ten years and tell |
| 00:00:17 | 00:00:22 | myself these key things about how to run |
| 00:00:20 | 00:00:25 | an online business I truly believe that |
| 00:00:22 | 00:00:26 | my life would look a lot different than |
| 00:00:25 | 00:00:28 | it is now I'm not saying that I'm happy |
| 00:00:26 | 00:00:30 | not happy where I'm at currently but I |
| 00:00:28 | 00:00:31 | would have gotten here much more quickly |
| 00:00:30 | 00:00:33 | and I want to share these three things |
| 00:00:31 | 00:00:34 | with you especially if you're just |
| 00:00:33 | 00:00:36 | getting started with your drop sharing |
| 00:00:34 | 00:00:38 | business or even if you're currently |
| 00:00:36 | 00:00:40 | scaling your business I want to show you |
| 00:00:38 | 00:00:43 | how to clog up those holes so you can be |
| 00:00:40 | 00:00:45 | profitable quickly okay now the first |
| 00:00:43 | 00:00:46 | thing I want to tok about that I wish i |
| 00:00:45 | 00:00:49 | implemented into my drop shooting |
| 00:00:46 | 00:00:51 | businesses years and years and years ago |
| 00:00:49 | 00:00:54 | is reoccurring revenue some sort of |
| 00:00:51 | 00:00:57 | subscription into my current business |
| 00:00:54 | 00:00:59 | okay I know a lot of you guys have |
| 00:00:57 | 00:01:01 | businesses where you think you can't |
| 00:00:59 | 00:01:02 | implement some sort of reoccurring |
| 00:01:01 | 00:01:04 | revenue or subscription with your |
| 00:01:02 | 00:01:06 | current customers and that is not true I |
| 00:01:04 | 00:01:08 | have so many different students inside |
| 00:01:06 | 00:01:10 | of our Academy that are across all the |
| 00:01:08 | 00:01:12 | different niches same with our inner |
| 00:01:10 | 00:01:14 | circle people every business I've come |
| 00:01:12 | 00:01:17 | across can have some sort of reoccurring |
| 00:01:14 | 00:01:18 | revenue added into it now if you don't |
| 00:01:17 | 00:01:21 | know reoccurring revenue is it |
| 00:01:18 | 00:01:23 | specifically is kind of like well it's |
| 00:01:21 | 00:01:25 | kind of like a bark box or a Dollar |
| 00:01:23 | 00:01:27 | Shave Club where you charge your |
| 00:01:25 | 00:01:30 | customers on a monthly repeated basis |
| 00:01:27 | 00:01:32 | right and they bill you and you send |
| 00:01:30 | 00:01:34 | them the product or service every single |
| 00:01:32 | 00:01:36 | month in exchange for their money now if |
| 00:01:34 | 00:01:39 | you see how advantageous this is to you |
| 00:01:36 | 00:01:40 | as the business owner and if to your |
| 00:01:39 | 00:01:42 | customer because they're getting a |
| 00:01:40 | 00:01:44 | product or service from you you could |
| 00:01:42 | 00:01:46 | see how these are basically free sales |
| 00:01:44 | 00:01:48 | coming in every single month and |
| 00:01:46 | 00:01:50 | honestly guys until I started putting |
| 00:01:48 | 00:01:52 | subscription and reoccurring revenue |
| 00:01:50 | 00:01:54 | into my business I wasn't able to quit |
| 00:01:52 | 00:01:55 | my full-time job it wasn't until I put |
| 00:01:54 | 00:01:57 | this into my business that I was able to |
| 00:01:55 | 00:01:59 | leave my full-time job make enough money |
| 00:01:57 | 00:02:02 | in my business because now I'm making |
| 00:01:59 | 00:02:05 | sales on the front end of my funnels or |
| 00:02:02 | 00:02:08 | my stores right and then I'm also making |
| 00:02:05 | 00:02:09 | money on a reoccurring basis for my |
| 00:02:08 | 00:02:11 | current customers and that's where I pay |
| 00:02:09 | 00:02:13 | myself from now if you want to see more |
| 00:02:11 | 00:02:13 | of the step-by-step how to set this up |
| 00:02:13 | 00:02:15 | make sure you |
| 00:02:13 | 00:02:17 | tend to sales so no masterclass down in |
| 00:02:15 | 00:02:19 | the description of this video where I |
| 00:02:17 | 00:02:21 | kind of show you how to build out this |
| 00:02:19 | 00:02:23 | simple 5 page sales funnel that you can |
| 00:02:21 | 00:02:25 | plug-and-play your products into or if |
| 00:02:23 | 00:02:27 | you're brand new how to find products to |
| 00:02:25 | 00:02:30 | plug-and-play into these very simple |
| 00:02:27 | 00:02:32 | ecommerce style sales funnels ok so |
| 00:02:30 | 00:02:34 | first thing is reoccurring revenue |
| 00:02:32 | 00:02:36 | somehow add this into your business it |
| 00:02:34 | 00:02:38 | could be physical products it could be |
| 00:02:36 | 00:02:40 | information products it could be a wide |
| 00:02:38 | 00:02:43 | range of things I have friends doing the |
| 00:02:40 | 00:02:45 | most crazy things for example a friend |
| 00:02:43 | 00:02:47 | of mine he he's and I'm not gonna say it |
| 00:02:45 | 00:02:49 | but he's in the barbecue space |
| 00:02:47 | 00:02:52 | essentially he charges people $9.99 a |
| 00:02:49 | 00:02:55 | month to be have private access with him |
| 00:02:52 | 00:02:57 | inside of a Facebook group where he just |
| 00:02:55 | 00:02:59 | goes live twice a week and shows how he |
| 00:02:57 | 00:03:01 | is a smoking different kinds of meats |
| 00:02:59 | 00:03:03 | and grilling barbecues and doing those |
| 00:03:01 | 00:03:05 | kind of things so thinking outside the |
| 00:03:03 | 00:03:07 | box how can you mix information and |
| 00:03:05 | 00:03:09 | physical products so your customers feel |
| 00:03:07 | 00:03:11 | like they're getting a ton of value but |
| 00:03:09 | 00:03:14 | also you are getting money in your |
| 00:03:11 | 00:03:16 | pocket now the second thing that I think |
| 00:03:14 | 00:03:19 | you need to be focusing on in your |
| 00:03:16 | 00:03:21 | business is building assets guys I know |
| 00:03:19 | 00:03:23 | that sounds oh so boring building assets |
| 00:03:21 | 00:03:25 | I don't want to build assets Pete that |
| 00:03:23 | 00:03:27 | sounds boring but you have to be guys |
| 00:03:25 | 00:03:29 | you never know what's going to happen |
| 00:03:27 | 00:03:31 | with your Instagram account your YouTube |
| 00:03:29 | 00:03:33 | channel your your Twitter profile if you |
| 00:03:31 | 00:03:35 | don't get those customers off of those |
| 00:03:33 | 00:03:37 | platforms social different social media |
| 00:03:35 | 00:03:39 | platforms and onto your email list or |
| 00:03:37 | 00:03:42 | you can literally put an email us on a |
| 00:03:39 | 00:03:44 | USB stik and walk away with it |
| 00:03:42 | 00:03:46 | right you are severely opening yourself |
| 00:03:44 | 00:03:49 | up to a lot of risk guys for example |
| 00:03:46 | 00:03:52 | when I was selling on Amazon I lost a |
| 00:03:49 | 00:03:55 | $40,000 in wasted inventory it was an |
| 00:03:52 | 00:03:57 | $80,000 per month business right shut |
| 00:03:55 | 00:03:59 | down in a blink of an eye and I was left |
| 00:03:57 | 00:04:02 | with nothing 40 grand and wasted |
| 00:03:59 | 00:04:05 | inventory no customer lists no way to |
| 00:04:02 | 00:04:08 | contact new customers I was literally at |
| 00:04:05 | 00:04:09 | the mercy of Amazon and I had nothing to |
| 00:04:08 | 00:04:11 | show for and I don't want the same thing |
| 00:04:09 | 00:04:15 | to happen to you so if you're currently |
| 00:04:11 | 00:04:16 | on Amazon or you're selling or you have |
| 00:04:15 | 00:04:18 | a big social media following off certain |
| 00:04:16 | 00:04:19 | platforms and you're not creating emails |
| 00:04:18 | 00:04:21 | or assets for your business I highly |
| 00:04:19 | 00:04:22 | recommend you attend that sales funnel |
| 00:04:21 | 00:04:24 | master lies down in the description of |
| 00:04:22 | 00:04:27 | this video make sure that your customers |
| 00:04:24 | 00:04:29 | the moment they land on your stores |
| 00:04:27 | 00:04:30 | that you are immediately capturing their |
| 00:04:29 | 00:04:32 | email address getting an asset and this |
| 00:04:30 | 00:04:34 | is what a sales funnel allows you to do |
| 00:04:32 | 00:04:36 | Shopify stores we consult for a |
| 00:04:34 | 00:04:38 | ridiculous amount of Shopify source shop |
| 00:04:36 | 00:04:40 | buy sirs are leaving this all up to |
| 00:04:38 | 00:04:42 | blind trust most Shopify stores if |
| 00:04:40 | 00:04:43 | you're currently a Shopify drop tripper |
| 00:04:42 | 00:04:45 | you're probably just letting sending |
| 00:04:43 | 00:04:47 | traffic to a product page where they Add |
| 00:04:45 | 00:04:49 | to Cart they go to checkout and then |
| 00:04:47 | 00:04:51 | finally buy and you're not getting the |
| 00:04:49 | 00:04:52 | email address until they buy what about |
| 00:04:51 | 00:04:54 | all those other people guys you got to |
| 00:04:52 | 00:04:55 | grab those people immediately a lot of |
| 00:04:54 | 00:04:57 | people aren't gonna buy from you the |
| 00:04:55 | 00:04:59 | first time they they come in contact |
| 00:04:57 | 00:05:00 | with you you got to grab that email |
| 00:04:59 | 00:05:04 | address so you can follow up with them |
| 00:05:00 | 00:05:06 | for future promotions or or abandoned |
| 00:05:04 | 00:05:08 | cart email sequences or whatever right |
| 00:05:06 | 00:05:10 | creating that asset for yourself on |
| 00:05:08 | 00:05:13 | average your email list should be making |
| 00:05:10 | 00:05:14 | it a very bare minimum a thousand of one |
| 00:05:13 | 00:05:16 | dollar per month per email so if you |
| 00:05:14 | 00:05:17 | have a thousand emails on your email |
| 00:05:16 | 00:05:19 | list you should be making at least a |
| 00:05:17 | 00:05:21 | thousand dollars per month |
| 00:05:19 | 00:05:23 | off of that email list now the third and |
| 00:05:21 | 00:05:25 | final thing that I wish somebody would |
| 00:05:23 | 00:05:28 | tell me when I was when I was just |
| 00:05:25 | 00:05:32 | getting started is that saturation and |
| 00:05:28 | 00:05:33 | competition doesn't exist okay I see so |
| 00:05:32 | 00:05:35 | many of you guys saying hey drop |
| 00:05:33 | 00:05:37 | shipping saturated is my niche saturated |
| 00:05:35 | 00:05:41 | is my niche even good right guys listen |
| 00:05:37 | 00:05:43 | no it is not okay it is not saturated |
| 00:05:41 | 00:05:45 | the thing that is saturated is people |
| 00:05:43 | 00:05:48 | that are just starting a random Shopify |
| 00:05:45 | 00:05:51 | store putting in some random products on |
| 00:05:48 | 00:05:53 | it and driving traffic to it having no |
| 00:05:51 | 00:05:56 | point of differentiation one out for |
| 00:05:53 | 00:05:58 | their customers your customer has to be |
| 00:05:56 | 00:06:00 | given a reason to buy from you instead |
| 00:05:58 | 00:06:02 | of going and buying from one of your |
| 00:06:00 | 00:06:04 | competitors if you didn't give them a |
| 00:06:02 | 00:06:06 | reason to do so there then yes you |
| 00:06:04 | 00:06:07 | should be worried about competition your |
| 00:06:06 | 00:06:09 | store will probably not existent in a |
| 00:06:07 | 00:06:11 | year from now and and yes you should be |
| 00:06:09 | 00:06:14 | definitely worried but if you're like |
| 00:06:11 | 00:06:16 | for example if you're an Empire Academy |
| 00:06:14 | 00:06:18 | student right you know when you create |
| 00:06:16 | 00:06:20 | these products right we're not selling |
| 00:06:18 | 00:06:22 | products we are selling an offer we are |
| 00:06:20 | 00:06:24 | selling a solution we're bundling |
| 00:06:22 | 00:06:25 | information products with our with our |
| 00:06:24 | 00:06:27 | physical products maybe we're throwing |
| 00:06:25 | 00:06:30 | in some low cost products into the mix |
| 00:06:27 | 00:06:32 | right so then our customers feel like oh |
| 00:06:30 | 00:06:35 | well like why would I not buy from from |
| 00:06:32 | 00:06:36 | Pete's fishing store he's given me all |
| 00:06:35 | 00:06:39 | these additional bonuses all these |
| 00:06:36 | 00:06:40 | freebies when I buy from him when if I |
| 00:06:39 | 00:06:41 | just go to Amazon all I get is the |
| 00:06:40 | 00:06:42 | fishing |
| 00:06:41 | 00:06:44 | or right with him I'm getting them free |
| 00:06:42 | 00:06:46 | guides on how to catch bigger fish I'm |
| 00:06:44 | 00:06:47 | getting free guides on how to tie hooks |
| 00:06:46 | 00:06:48 | different ways I'm getting a little |
| 00:06:47 | 00:06:49 | video guide on how to make my own |
| 00:06:48 | 00:06:52 | fishing lures plus I'm getting the |
| 00:06:49 | 00:06:53 | little fishing lure as well right you |
| 00:06:52 | 00:06:56 | could see how much more compelling and |
| 00:06:53 | 00:06:57 | irresistible this sort of offer is and I |
| 00:06:56 | 00:06:58 | wish somebody told me that earlier |
| 00:06:57 | 00:07:01 | because when I was starting out an |
| 00:06:58 | 00:07:03 | online business guys I just like most of |
| 00:07:01 | 00:07:05 | you watching this was just trying to |
| 00:07:03 | 00:07:07 | grasp at straws trying to to find any |
| 00:07:05 | 00:07:08 | product just to throw it out there and |
| 00:07:07 | 00:07:10 | just make some money and I know the pain |
| 00:07:08 | 00:07:13 | that you're in because I was there too |
| 00:07:10 | 00:07:14 | and I know sometimes it's like you know |
| 00:07:13 | 00:07:16 | what like I just need to make some money |
| 00:07:14 | 00:07:17 | P I don't have time to put this offer |
| 00:07:16 | 00:07:19 | together but I promise you guys it |
| 00:07:17 | 00:07:21 | doesn't take a lot of time to put these |
| 00:07:19 | 00:07:22 | offers together right because when you |
| 00:07:21 | 00:07:23 | put these offers together instead of |
| 00:07:22 | 00:07:25 | testing one hundreds one hundred |
| 00:07:23 | 00:07:27 | different products you put maximum |
| 00:07:25 | 00:07:28 | effort into one product cuz that's all |
| 00:07:27 | 00:07:31 | you need to have a six-figure business |
| 00:07:28 | 00:07:33 | guys all you need is one product funnel |
| 00:07:31 | 00:07:35 | that's it to have a six-figure business |
| 00:07:33 | 00:07:37 | our Empire Academy students you guys who |
| 00:07:35 | 00:07:39 | are watching this right you just need |
| 00:07:37 | 00:07:40 | four core funnels probably less a lot of |
| 00:07:39 | 00:07:43 | you some of you guys have done it less |
| 00:07:40 | 00:07:45 | to have a seven a high six-figure and |
| 00:07:43 | 00:07:47 | seven-figure business okay you don't |
| 00:07:45 | 00:07:49 | need to be throwing more products at it |
| 00:07:47 | 00:07:52 | more products are not the answer alright |
| 00:07:49 | 00:07:54 | creating specially crafted irresistible |
| 00:07:52 | 00:07:55 | offers to get your customers to buy from |
| 00:07:54 | 00:07:57 | you every single day of the week instead |
| 00:07:55 | 00:07:59 | of going to Amazon stead of going to a |
| 00:07:57 | 00:08:00 | competitor so those are the three things |
| 00:07:59 | 00:08:02 | right there guys if you have any |
| 00:08:00 | 00:08:04 | suggestions or any questions whatsoever |
| 00:08:02 | 00:08:05 | drop a comment down below and if you're |
| 00:08:04 | 00:08:07 | brand new to this and you want to see |
| 00:08:05 | 00:08:09 | how to build these simple sales funnels |
| 00:08:07 | 00:08:10 | that lead to massive amounts of profits |
| 00:08:09 | 00:08:13 | to create yourself a full time income |
| 00:08:10 | 00:08:15 | online just like I did right I don't |
| 00:08:13 | 00:08:17 | want you struggle 6 years about what I |
| 00:08:15 | 00:08:19 | struggle is never being able to quit my |
| 00:08:17 | 00:08:21 | job just throwing things at the wall and |
| 00:08:19 | 00:08:23 | hoping something six ok I want you to |
| 00:08:21 | 00:08:24 | learn from my mistakes so make sure you |
| 00:08:23 | 00:08:25 | attend that sales funnel master class |
| 00:08:24 | 00:08:28 | down below in the description of this |
| 00:08:25 | 00:08:30 | video where I show you exactly how to |
| 00:08:28 | 00:08:31 | set up these funnels these subscription |
| 00:08:30 | 00:08:33 | into these photos so you can actually |
| 00:08:31 | 00:08:35 | pay yourself and if I provided any value |
| 00:08:33 | 00:08:37 | from you in today's video make sure you |
| 00:08:35 | 00:08:39 | smash that subscribe button smash the |
| 00:08:37 | 00:08:40 | notification about and smash that like |
| 00:08:39 | 00:08:42 | button I appreciate every single like |
| 00:08:40 | 00:08:44 | from you guys but guys have a fantastik |
| 00:08:42 | 00:08:47 | rest of your day and remember your |
| 00:08:44 | 00:08:47 | empire starts now |
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