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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?

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
00:10:39 00:10:44 on because new e-commerce videos are
00:10:41 00:10:45 released here every single day and guys
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

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