IS IT STILL WORTH STARTING DROPSHIPPING IN 2019 & BEYOND?

Published on: November 28 2022 by Peter Pru - Ecommerce Empire Builders

IS IT STILL WORTH STARTING DROPSHIPPING IN 2019 & BEYOND?

IS IT STILL WORTH STARTING DROPSHIPPING IN 2019 & BEYOND?

IS IT STILL WORTH STARTING DROPSHIPPING IN 2019 & BEYOND?

startTime	durationTime	text
00:00:00	00:00:04	is dropshipping still worth it is
00:00:02	00:00:11	dropshipping still a business model that
00:00:04	00:00:13	is worth getting into right now hey what
00:00:11	00:00:15	is up Empire builders welcome back to
00:00:13	00:00:16	another episode if you're brand new to
00:00:15	00:00:19	the Empire Builder family first and
00:00:16	00:00:21	foremost welcome please like comment
00:00:19	00:00:22	subscribe make sure to turn notification
00:00:21	00:00:24	Bell on down below because new
00:00:22	00:00:26	e-commerce videos are released every
00:00:24	00:00:27	single day and check out all the free
00:00:26	00:00:30	resources down in the description of
00:00:27	00:00:33	this video but guys today we're gonna be
00:00:30	00:00:34	toking about is drop shipping still
00:00:33	00:00:37	worth it is drop shipping still a
00:00:34	00:00:40	business model that is worth getting
00:00:37	00:00:42	into right now now before we start here
00:00:40	00:00:43	guys I just want to preface because I
00:00:42	00:00:45	know there might be some new people just
00:00:43	00:00:47	getting into e-commerce and they're
00:00:45	00:00:48	hearing things about drop shipping and
00:00:47	00:00:50	they don't know hey is it worth getting
00:00:48	00:00:52	into now guys just being come to hundred
00:00:50	00:00:55	percent honest drop shipping has been
00:00:52	00:00:57	around since the beginning of time okay
00:00:55	00:01:01	drop shipping is simply the idea of your
00:00:57	00:01:02	supplier right sending the product to
00:01:01	00:01:04	your customer so if you're brand new to
00:01:02	00:01:07	drop shipping well how it kind of works
00:01:04	00:01:09	is Europe you take your orders from your
00:01:07	00:01:12	from your store from your sales funnels
00:01:09	00:01:13	and then you take that money right and
00:01:12	00:01:15	then you go to the supplier and you say
00:01:13	00:01:16	hey here's supplier here's the cost of
00:01:15	00:01:18	product and you ship that to our
00:01:16	00:01:20	customer now and you're essentially a
00:01:18	00:01:22	middleman right you're a middleman
00:01:20	00:01:23	between your supplier and your customer
00:01:22	00:01:25	and you're taking your profits in the
00:01:23	00:01:27	middle there so I hope that makes sense
00:01:25	00:01:29	for those of you that are just getting
00:01:27	00:01:31	started now where the confusion comes in
00:01:29	00:01:32	and where a lot of people say hey drop
00:01:31	00:01:34	shipping is dead drop shipping doesn't
00:01:32	00:01:36	work is drop shipping worth it still is
00:01:34	00:01:39	because a lot of people think that drop
00:01:36	00:01:41	shipping is they're only tied to
00:01:39	00:01:42	Aliexpress now again if you're brand new
00:01:41	00:01:46	you're like Aliexpress what is that well
00:01:42	00:01:49	Aliexpress is essentially a segment of
00:01:46	00:01:50	Alibaba which is a massive company we're
00:01:49	00:01:52	manufacturer you can go find
00:01:50	00:01:54	manufacturers now now a lot of these
00:01:52	00:01:56	companies not just suppliers with
00:01:54	00:01:58	trading companies and trading companies
00:01:56	00:02:00	essentially are our drop should bring on
00:01:58	00:02:03	Aliexpress where you can go there and
00:02:00	00:02:05	you can buy low tiket items and not in
00:02:03	00:02:07	mass quantities so I can go there right
00:02:05	00:02:10	now and buy fishing lures for you know a
00:02:07	00:02:11	fifth of the cost that I can go to you
00:02:10	00:02:14	know a cabal
00:02:11	00:02:15	or a bass pro shops now that's all great
00:02:14	00:02:17	and well and good but where's the
00:02:15	00:02:20	problem with that the problem is that
00:02:17	00:02:23	shipping times from aliexpress to the
00:02:20	00:02:24	United States are pretty high now there
00:02:23	00:02:25	are some workarounds with this you can
00:02:24	00:02:27	try and find Aliexpress suppliers that
00:02:25	00:02:29	are shipping from United States which is
00:02:27	00:02:32	fantastik it's a great alternative kind
00:02:29	00:02:33	of cost to go up as you try and ship
00:02:32	00:02:36	from the states
00:02:33	00:02:38	now it's drop shipping worth it now I'm
00:02:36	00:02:40	specifically going to be toking about
00:02:38	00:02:42	how to Express I think so I I know so
00:02:40	00:02:44	the reason being is because guys like
00:02:42	00:02:48	I've had a lot of businesses I've tried
00:02:44	00:02:49	just about everything and I've always
00:02:48	00:02:51	said a lot of money for example with my
00:02:49	00:02:53	Amazon business when I was building my
00:02:51	00:02:55	Amazon business I thought that
00:02:53	00:02:56	everything I was doing everything right
00:02:55	00:03:00	I thought I was building a real business
00:02:56	00:03:02	like I was making money and everything
00:03:00	00:03:04	was great but the problem was we got
00:03:02	00:03:06	eventually got banned off of Amazon for
00:03:04	00:03:07	false IP claims that a competitor made
00:03:06	00:03:09	almost completely false
00:03:07	00:03:12	we had 40,000 and wasted inventory and
00:03:09	00:03:14	nothing to show for it no customers no
00:03:12	00:03:15	data nothing and at that moment I
00:03:14	00:03:17	realized like that whole part time like
00:03:15	00:03:19	Amazon FBA sellers if you're an Amazon
00:03:17	00:03:21	FBA seller you realize that you're not
00:03:19	00:03:22	really building your business you're
00:03:21	00:03:25	actually building Amazon's business and
00:03:22	00:03:27	not your own okay and that's when I
00:03:25	00:03:29	started thinking about okay how can I
00:03:27	00:03:30	instead of risking like $10,000 in
00:03:29	00:03:32	inventory and sending it to Amazon
00:03:30	00:03:34	warehouses how can I build a business
00:03:32	00:03:36	that I'm in full control of a business
00:03:34	00:03:38	that you know I know my customers I have
00:03:36	00:03:40	emails I have you know my own Facebook
00:03:38	00:03:42	pixel and move funnels I control the
00:03:40	00:03:44	whole sales process right with Amazon
00:03:42	00:03:46	Amazon's gonna do what's best for Amazon
00:03:44	00:03:48	guys they're gonna sell products
00:03:46	00:03:51	alongside yours that might be direct
00:03:48	00:03:52	competitors to yours okay and a lot of
00:03:51	00:03:54	feel that sell on Amazon don't actually
00:03:52	00:03:57	have brand loyal customers because these
00:03:54	00:03:58	customers are going onto Amazon and just
00:03:57	00:04:00	buying these general sort of products
00:03:58	00:04:01	and just because you have your brand on
00:04:00	00:04:04	it does not mean they're brand loyal so
00:04:01	00:04:06	we kind of flip the script and I say hey
00:04:04	00:04:09	how about we start with drop shipping
00:04:06	00:04:10	right now with drop shipping you do have
00:04:09	00:04:14	that set back of the low shipping of
00:04:10	00:04:17	slow shipping times right but you can do
00:04:14	00:04:18	start for low cost low risk so the drop
00:04:17	00:04:21	shipping business all
00:04:18	00:04:22	you really need to get started is your
00:04:21	00:04:24	what you're gonna sell which is the
00:04:22	00:04:26	product right what's your how are you
00:04:24	00:04:28	gonna sell it which I recommend using a
00:04:26	00:04:30	sales funnel and number three what's
00:04:28	00:04:32	your traffic right you really don't have
00:04:30	00:04:34	to invest any money because you
00:04:32	00:04:36	essentially get paid from your customer
00:04:34	00:04:37	first when they come and buy from you
00:04:36	00:04:39	and then use that money that you just
00:04:37	00:04:42	got and buy it from the Aliexpress
00:04:39	00:04:44	supplier now there are alternatives to
00:04:42	00:04:45	Aliexpress for a lot of fuel that are
00:04:44	00:04:46	just getting into drop shipping you
00:04:45	00:04:48	don't have to just source from
00:04:46	00:04:50	Aliexpress you could find suppliers
00:04:48	00:04:52	everywhere okay you can use Etsy you can
00:04:50	00:04:54	use Amazon you can there's a but you can
00:04:52	00:04:56	go for just fine direct suppliers on
00:04:54	00:04:58	Google just type in your niche abhi
00:04:56	00:04:59	likes the suppliers in the States and
00:04:58	00:05:01	directly call these people this is how I
00:04:59	00:05:03	found one of our fishing suppliers that
00:05:01	00:05:05	live very close to our location reached
00:05:03	00:05:06	out to them give them a call now we have
00:05:05	00:05:08	a great business relationship with each
00:05:06	00:05:11	other and they dropship for me directly
00:05:08	00:05:13	from the supplier to my customers and I
00:05:11	00:05:15	don't have to touch it whatsoever okay
00:05:13	00:05:16	so I encourage you to kind of think
00:05:15	00:05:18	outside the box when you're when you're
00:05:16	00:05:20	just getting started is like you don't
00:05:18	00:05:22	have to just follow this exact you know
00:05:20	00:05:24	Aliexpress that's it I have to find it
00:05:22	00:05:27	there no use outside the box thinking
00:05:24	00:05:29	okay now with drop shipping I think it
00:05:27	00:05:30	is a great place to start it is
00:05:29	00:05:33	absolutely worth it because of that low
00:05:30	00:05:35	risk low cost investment and the best
00:05:33	00:05:37	part about this is when you start with
00:05:35	00:05:39	drop shipping it helps you become a
00:05:37	00:05:40	better marketer okay and that's what the
00:05:39	00:05:42	e-commerce Empire builders is about here
00:05:40	00:05:44	guys is I want to teach you to be a
00:05:42	00:05:46	better marketer so you can go sell
00:05:44	00:05:47	whatever you want to anyone okay because
00:05:46	00:05:49	it's trying to jeez that I'm sharing
00:05:47	00:05:50	with you guys just here an e-commerce
00:05:49	00:05:52	like you could these can translate that
00:05:50	00:05:55	to really selling anything to anybody
00:05:52	00:05:57	okay now that's what I want you to focus
00:05:55	00:05:59	on when you're starting out because a
00:05:57	00:06:00	lot of people if they go in source you
00:05:59	00:06:02	know ten thousand units of their product
00:06:00	00:06:04	they just put their life savings in on a
00:06:02	00:06:05	product and it gets to their house or
00:06:04	00:06:07	gets to a fulfillment center and then
00:06:05	00:06:09	they don't have any idea how to sell it
00:06:07	00:06:12	okay and that's what's scary okay and
00:06:09	00:06:13	I've seen all tons of horror stories or
00:06:12	00:06:15	people are like going in they spend
00:06:13	00:06:18	10,000 20,000 30,000 dollars on
00:06:15	00:06:19	inventory and then they get it into the
00:06:18	00:06:21	warehouse and then they don't know how
00:06:19	00:06:22	to sell it that's because they don't
00:06:21	00:06:23	know how to they don't know how to sell
00:06:22	00:06:25	online they don't how to make money
00:06:23	00:06:27	online now instead that's why I say
00:06:25	00:06:28	focus on drop shipping right even if it
00:06:27	00:06:30	is how I express for now I understand
00:06:28	00:06:32	so shipping times of the kind of sucks
00:06:30	00:06:34	but it's going to help you become a
00:06:32	00:06:36	better marketer and start bringing cash
00:06:34	00:06:39	flow into the business now once we have
00:06:36	00:06:40	that cash flow from our drop shipping
00:06:39	00:06:42	business or whatever we're drop shipping
00:06:40	00:06:45	front and how the Express will just say
00:06:42	00:06:46	for now is once we have that cash flow
00:06:45	00:06:47	from our aliexpress drop shipping
00:06:46	00:06:49	business and our business is kind of
00:06:47	00:06:51	making money you could we're starting to
00:06:49	00:06:53	scale that's what we could take our
00:06:51	00:06:55	winning product that we have in our
00:06:53	00:06:58	funnel and source that now instead of
00:06:55	00:07:00	now risking your own life savings to go
00:06:58	00:07:03	source your own branded products you can
00:07:00	00:07:05	now use the money from your business
00:07:03	00:07:06	right instead of you know you can use
00:07:05	00:07:08	the money and say your business that
00:07:06	00:07:09	you've been generating over let's say
00:07:08	00:07:11	the past month or two right now you can
00:07:09	00:07:13	take that five ten thousand dollars that
00:07:11	00:07:16	you made in revenue and go use that to
00:07:13	00:07:17	purchase inventory right now this is
00:07:16	00:07:20	where you start building a bigger and
00:07:17	00:07:22	better brand okay now some of you might
00:07:20	00:07:23	be thinking we'll be like which which
00:07:22	00:07:25	products should we would should which
00:07:23	00:07:26	products are we brand well this is
00:07:25	00:07:28	exactly why I teach inside of six three
00:07:26	00:07:29	funnels we're changing the name to the
00:07:28	00:07:32	e-commerce Empire Academy right now for
00:07:29	00:07:35	those of you that don't know but the
00:07:32	00:07:36	reason that a lot of people will get
00:07:35	00:07:40	worried because there is a misconception
00:07:36	00:07:41	in a Shopify dropshipping world where
00:07:40	00:07:43	you just test hundreds and hundreds of
00:07:41	00:07:45	products a day now in my opinion that is
00:07:43	00:07:46	not that is not running a business that
00:07:45	00:07:48	is not something I teach or not
00:07:46	00:07:49	something I preach people to do all
00:07:48	00:07:51	right it's a huge waste of your time
00:07:49	00:07:52	instead all you really need to in a
00:07:51	00:07:55	seven finger business is four core
00:07:52	00:07:57	offers now an offer is what makes your
00:07:55	00:07:59	business unique right it's why should
00:07:57	00:08:01	people buy from you instead of going to
00:07:59	00:08:03	a competitor's page now once you find
00:08:01	00:08:04	these four core offers it really is just
00:08:03	00:08:05	for products like it's for different
00:08:04	00:08:08	fishing lures
00:08:05	00:08:10	now those products that's only for right
00:08:08	00:08:12	you focus on your one first funnel right
00:08:10	00:08:14	okay boom that's making money all right
00:08:12	00:08:15	let's go focus on the second one third
00:08:14	00:08:16	fourth but by the time you have that
00:08:15	00:08:18	first one you're ready gonna be probably
00:08:16	00:08:20	making a good amount of revenue just
00:08:18	00:08:22	from that one funnel that you're gonna
00:08:20	00:08:24	be able to go and source that now from
00:08:22	00:08:26	Alibaba go find a supplier directly
00:08:24	00:08:28	sourcing it to you you a us-based
00:08:26	00:08:30	fulfillment centers and then that is
00:08:28	00:08:32	then you move on to the next funnel okay
00:08:30	00:08:33	let's move on to the next funnel now
00:08:32	00:08:35	well let's let's get that one optimized
00:08:33	00:08:37	let's make sure this product is seller
00:08:35	00:08:38	once it starts getting revenue once it
00:08:37	00:08:41	starts getting traction okay now we're
00:08:38	00:08:42	back out directly to our supplier brand
00:08:41	00:08:44	our own products right now we're
00:08:42	00:08:45	creating that brand loyalty and this is
00:08:44	00:08:47	where the fun really begins guys is when
00:08:45	00:08:49	you're certainly branding your own
00:08:47	00:08:51	product choosing your packaging making
00:08:49	00:08:53	any sort of tweaks to the product itself
00:08:51	00:08:55	okay what a lot of people don't realize
00:08:53	00:08:58	is you don't you can make these kind of
00:08:55	00:08:59	tweaks to your products okay you don't
00:08:58	00:09:01	have to necessarily like if you want to
00:08:59	00:09:03	make a change or change a color of a
00:09:01	00:09:05	product to make yourself even more
00:09:03	00:09:06	unique but that it doesn't exist in the
00:09:05	00:09:09	marketplace absolutely
00:09:06	00:09:11	by all means do it but to get back on
00:09:09	00:09:14	track with this video guys is aliexpress
00:09:11	00:09:16	is drop shipping worth it in general in
00:09:14	00:09:19	2019 and way way way beyond
00:09:16	00:09:22	abso-freaking-lutely guys absolutely it
00:09:19	00:09:23	will always be a viable way to start
00:09:22	00:09:25	that's what I want you to think about
00:09:23	00:09:28	though it is simply a place to start
00:09:25	00:09:29	your business it is not an end goal your
00:09:28	00:09:32	end goal should be to build a
00:09:29	00:09:34	sustainable branded business that has
00:09:32	00:09:36	loyal customers and brand loyal
00:09:34	00:09:38	customers okay and you don't need to go
00:09:36	00:09:39	and source a hundreds of products really
00:09:38	00:09:42	all you need to have a seven figure
00:09:39	00:09:44	business is for product offers right
00:09:42	00:09:46	each s being sold into your funnel or
00:09:44	00:09:47	you can call this one product drop
00:09:46	00:09:49	shipping if you want it's good I
00:09:47	00:09:51	consider it more want to offer drop
00:09:49	00:09:54	shipping and you take that winning
00:09:51	00:09:56	product and you source it into into the
00:09:54	00:09:58	United States now guys if you are
00:09:56	00:09:59	looking for more information on this
00:09:58	00:10:01	stuff and you want to kind of see how
00:09:59	00:10:02	the structure of these funnels cuz I
00:10:01	00:10:03	know a lot of people that are coming
00:10:02	00:10:06	onto this video might not necessarily
00:10:03	00:10:07	understand what a sales funnel is but
00:10:06	00:10:09	essentially guys
00:10:07	00:10:10	it will 10x your revenue literally
00:10:09	00:10:12	overnight especially if you're selling
00:10:10	00:10:13	oil shout fire Amazon and if you're
00:10:12	00:10:15	brand new I want you to build your
00:10:13	00:10:17	business the right way the first time
00:10:15	00:10:19	and not do not waste years of your life
00:10:17	00:10:21	like I did so I encourage you click down
00:10:19	00:10:22	in the description below you'll be taken
00:10:21	00:10:24	to the sales funnel master class will
00:10:22	00:10:26	watch that training class because I show
00:10:24	00:10:28	you how to build your empire without
00:10:26	00:10:30	Sean fight without Amazon FBA without
00:10:28	00:10:32	any sort of expensive paid traffic so if
00:10:30	00:10:33	you found this video super helpful drop
00:10:32	00:10:35	a comment right drop a comment you have
00:10:33	00:10:36	any question whatsoever I always make
00:10:35	00:10:38	some time to answer your questions guys
00:10:36	00:10:39	smash that like button smash to
00:10:38	00:10:41	subscribe on turnout notification ball
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00:10:44	00:10:49	have a fantastik rest of your day and
00:10:45	00:10:58	remember your empire starts now