My WORST Dropshipping Mistakes (LOST THOUSANDS)

Published on: November 27 2022 by Peter Pru - Ecommerce Empire Builders

My WORST Dropshipping Mistakes (LOST THOUSANDS)

My WORST Dropshipping Mistakes (LOST THOUSANDS)

My WORST Dropshipping Mistakes (LOST THOUSANDS)

startTime	durationTime	text
00:00:00	00:00:04	there are three huge drop shooting
00:00:02	00:00:07	mistakes that I made early on in my
00:00:04	00:00:09	career then I wish I could go back in
00:00:07	00:00:13	time and tell myself and in today's
00:00:09	00:00:13	video I'm gonna be revealing those three
00:00:15	00:00:20	now I've had a very very very long
00:00:18	00:00:22	journey inside of e-commerce and online
00:00:20	00:00:24	marketing guys as most of you know I've
00:00:22	00:00:26	been in online marketing for nearly 10
00:00:24	00:00:29	years now first getting my start when I
00:00:26	00:00:31	was only 18 years old as a freshman into
00:00:29	00:00:33	college when I made my first dollar
00:00:31	00:00:36	online and it was surreal it opened up
00:00:33	00:00:38	this amazing world to me that it's
00:00:36	00:00:40	actually possible to make money online
00:00:38	00:00:43	one thing led to another ended up
00:00:40	00:00:45	graduating college and going into
00:00:43	00:00:47	starting my first e-commerce businesses
00:00:45	00:00:49	unfortunately had to work full-time and
00:00:47	00:00:51	also doing my e-commerce businesses at
00:00:49	00:00:53	the same time now during this period of
00:00:51	00:00:55	my life I wish I could have went back
00:00:53	00:00:58	and tell myself these three key things
00:00:55	00:01:01	because if I knew these things I truly
00:00:58	00:01:03	believe that my trajectory of my life
00:01:01	00:01:05	and scaling of my businesses would have
00:01:03	00:01:06	come a lot faster and a lot sooner and
00:01:05	00:01:08	that's not to say I'm not happy with the
00:01:06	00:01:10	progress that I've made in my life to
00:01:08	00:01:12	this point I absolutely am but I want to
00:01:10	00:01:14	share the mistakes the obstacles that
00:01:12	00:01:16	I've went through in my journey of
00:01:14	00:01:18	e-commerce drop shipping and online
00:01:16	00:01:20	marketing and share those with you guys
00:01:18	00:01:21	especially those of you that are
00:01:20	00:01:23	beginners and you're just getting it's
00:01:21	00:01:25	getting started in your e-commerce drop
00:01:23	00:01:27	shipping business now the first thing
00:01:25	00:01:29	and the first huge mistake that I made
00:01:27	00:01:31	and you're probably making right now in
00:01:29	00:01:34	your drop shewing business right is that
00:01:31	00:01:37	you're not focusing on solving problems
00:01:34	00:01:38	for your customers okay and trust me I
00:01:37	00:01:40	get it
00:01:38	00:01:42	you want to make money online I'm the
00:01:40	00:01:44	same way as well guys we all want to
00:01:42	00:01:46	make money but the thing is what you
00:01:44	00:01:48	have to understand is if you're trying
00:01:46	00:01:50	to scale a business quickly and actually
00:01:48	00:01:52	have lifelong customers you have to
00:01:50	00:01:55	start thinking and putting your
00:01:52	00:01:56	customers first and I know sometimes
00:01:55	00:01:58	it's difficult if you're maybe in a
00:01:56	00:01:59	financial situation where you just need
00:01:58	00:02:00	to make money quick alright you just
00:01:59	00:02:02	need to make money quick you want to
00:02:00	00:02:03	quit your job you have these things that
00:02:02	00:02:07	you want to do but I promise you with
00:02:03	00:02:09	you start focusing on creating solutions
00:02:07	00:02:12	for your customers problems you will
00:02:09	00:02:13	grow your business faster now what does
00:02:12	00:02:17	that mean create solutions
00:02:13	00:02:18	for my customers problems while guys to
00:02:17	00:02:21	even make this happen is you have to be
00:02:18	00:02:23	in a niche that you enjoy right so let's
00:02:21	00:02:24	say it's fishing for example right
00:02:23	00:02:27	because that's what businesses I've been
00:02:24	00:02:28	is fishing right now you're in it was
00:02:27	00:02:30	similar in each as well now you have to
00:02:28	00:02:32	think what problems does that niche have
00:02:30	00:02:34	what problems is the fishing to chat and
00:02:32	00:02:34	how can I help those people out all
00:02:34	00:02:37	right
00:02:34	00:02:38	so for us it's like oh how can we how
00:02:37	00:02:40	can we help them catch more fish how can
00:02:38	00:02:41	we catch them bigger fish how can we
00:02:40	00:02:43	make sure that they always know what
00:02:41	00:02:45	what know what fishing were to use
00:02:43	00:02:46	during what time of year and what type
00:02:45	00:02:48	of weather is outside right now we
00:02:46	00:02:50	bundle those kind of things together and
00:02:48	00:02:52	these kind of information products with
00:02:50	00:02:55	our physical products to increase our
00:02:52	00:02:57	conversions right your customers when
00:02:55	00:03:00	you do these kind of things will feel so
00:02:57	00:03:01	much more value from you than any one of
00:03:00	00:03:04	your competitors and it will always
00:03:01	00:03:06	always always buy from you every day of
00:03:04	00:03:07	the week and you have to confidently say
00:03:06	00:03:10	that you need to be to the point guys
00:03:07	00:03:12	with your products where you feel like
00:03:10	00:03:15	your customers are getting a disservice
00:03:12	00:03:16	if they buy from anyone else but you
00:03:15	00:03:19	that's extremely me I'm extremely
00:03:16	00:03:21	important to understand okay I wish I
00:03:19	00:03:23	could have told myself that sooner guys
00:03:21	00:03:26	if you really just take that one concept
00:03:23	00:03:28	and focus on creating solutions for your
00:03:26	00:03:30	customers and your niches problems you
00:03:28	00:03:33	there's no way you can't grow a business
00:03:30	00:03:36	there's no way you can't okay
00:03:33	00:03:38	now the second thing that I wish I could
00:03:36	00:03:41	tell myself sooner on is to start using
00:03:38	00:03:44	sales funnels as opposed to store fronts
00:03:41	00:03:45	or Amazon FBA guys here's the problem
00:03:44	00:03:47	when you're using these kind of store
00:03:45	00:03:50	fronts or relying on Amazon FBA right
00:03:47	00:03:52	now think about it guys your maximum
00:03:50	00:03:54	cart value right the maximum amount of
00:03:52	00:03:56	money somebody can spend from you if you
00:03:54	00:03:58	sell your products on Amazon FBA let's
00:03:56	00:04:00	say you're selling a $14 you know
00:03:58	00:04:02	fishing lure or fishing rod or whatever
00:04:00	00:04:04	let's say you're spending $14 right the
00:04:02	00:04:06	maximum money you can make on that
00:04:04	00:04:08	product that you're selling Amazon is 14
00:04:06	00:04:11	dollars there's nothing you could do to
00:04:08	00:04:12	increase that average cart value right
00:04:11	00:04:14	yeah you could have so frequently bought
00:04:12	00:04:15	together items but that is completely
00:04:14	00:04:17	controlled on Amazon by Amazon you have
00:04:15	00:04:20	no choice in that matter you will only
00:04:17	00:04:21	have a maximum cart value of $14 maybe
00:04:20	00:04:23	some people will buy more than one
00:04:21	00:04:26	that's great but your maximum cart
00:04:23	00:04:28	always one on that one brides $14
00:04:26	00:04:30	you can't scale a business that way you
00:04:28	00:04:33	have to start using a sales funnel where
00:04:30	00:04:35	you guide your customers where you as
00:04:33	00:04:37	the business owner or making the most
00:04:35	00:04:38	amount of money as possible and also
00:04:37	00:04:41	providing your customers with the best
00:04:38	00:04:43	possible user experience right and
00:04:41	00:04:45	helping them solve those problems now
00:04:43	00:04:46	with the sales funnel right we can take
00:04:45	00:04:48	that same exact product that we sell on
00:04:46	00:04:50	a Shopify store or an Amazon FBA
00:04:48	00:04:52	business right we do a lot of private
00:04:50	00:04:54	clients where are coming from these
00:04:52	00:04:55	places and we 10 extra sales literally
00:04:54	00:04:57	overnight because we plug it into a
00:04:55	00:05:00	funnel that is just selling let's say
00:04:57	00:05:02	that $14 fishing-rod then we upsell them
00:05:00	00:05:04	some fishing lures or a tackle box kit
00:05:02	00:05:07	or other fishing rods right taking that
00:05:04	00:05:09	$14 max cart value to probably 50 plus
00:05:07	00:05:10	dollars right and that's it this of
00:05:09	00:05:12	course there's gonna be much say yes or
00:05:10	00:05:15	no but your average cart value would
00:05:12	00:05:18	literally double triple if not quadruple
00:05:15	00:05:19	overnight the second you start putting
00:05:18	00:05:21	your products into a sales funnel and
00:05:19	00:05:23	this also goes for you that are selling
00:05:21	00:05:25	on these storefronts like Shopify or
00:05:23	00:05:27	WooCommerce or any of these places where
00:05:25	00:05:30	you have all of these products loaded
00:05:27	00:05:32	into into guys you're not building a
00:05:30	00:05:34	business that way a lot of you are think
00:05:32	00:05:36	that you're making progress in your
00:05:34	00:05:37	business because you keep testing more
00:05:36	00:05:39	and more products and testing more and
00:05:37	00:05:41	more advertisements that's not the
00:05:39	00:05:43	solution to the problems that you're
00:05:41	00:05:46	looking to solve guys what you need to
00:05:43	00:05:49	do is start focusing on one product
00:05:46	00:05:52	offer one solution that bundled together
00:05:49	00:05:54	is a solution to your niches problems
00:05:52	00:05:57	plugging that into the funnel and
00:05:54	00:06:00	guiding your customer through the entire
00:05:57	00:06:01	process I use this example once on this
00:06:00	00:06:05	channel I went and reviewed a Shopify
00:06:01	00:06:07	store it took me 8 clicks to be able to
00:06:05	00:06:09	buy from them 8 clicks and guess what
00:06:07	00:06:12	guys I didn't end up buying from them
00:06:09	00:06:14	and that company had no way of ever
00:06:12	00:06:15	contacting me again you can't build a
00:06:14	00:06:17	business like that guys
00:06:15	00:06:19	besides retargeting that caught that
00:06:17	00:06:19	company had no way to contact me ever
00:06:19	00:06:22	again
00:06:19	00:06:24	right no the moment somebody lands on
00:06:22	00:06:26	your on your funnel on your page
00:06:24	00:06:28	whatever you need to collect that lead
00:06:26	00:06:30	you need to collect that lead guys the
00:06:28	00:06:31	money is in the email list the money's
00:06:30	00:06:34	in your messenger buy list whatever you
00:06:31	00:06:36	have to grab there and create an asset
00:06:34	00:06:37	immediately when they land on your
00:06:36	00:06:39	funnel and that's what a sales tool
00:06:37	00:06:40	allows you to do within
00:06:39	00:06:42	so you're gonna be able to create an
00:06:40	00:06:44	asset for your business I create getting
00:06:42	00:06:46	an email address getting a message about
00:06:44	00:06:48	opt-in and then second click that they
00:06:46	00:06:50	get is them buying within two clicks
00:06:48	00:06:53	right within two clicks you've already
00:06:50	00:06:56	making three times as much money as if
00:06:53	00:06:57	on a Shopify store Amazon FBA right and
00:06:56	00:06:59	if you're interested to learn more about
00:06:57	00:07:01	this process and I show you the visuals
00:06:59	00:07:03	of everything at attend the sales funnel
00:07:01	00:07:06	master class down below it'll be in the
00:07:03	00:07:07	free bonuses and resources channel
00:07:06	00:07:09	resources just click that little YouTube
00:07:07	00:07:10	channel or youtube link down below and
00:07:09	00:07:12	it'll take you to all the where the
00:07:10	00:07:14	sales funnel master classes attend that
00:07:12	00:07:16	class it'll open your eyes to how much
00:07:14	00:07:18	money you are leaving on the table guys
00:07:16	00:07:20	right especially if you're just starting
00:07:18	00:07:22	out please start with a sales funnel I
00:07:20	00:07:24	wish I could tell myself that ten years
00:07:22	00:07:26	ago start with the sales funnel not with
00:07:24	00:07:27	these Shopify stores or these are
00:07:26	00:07:31	general pages that don't really lead to
00:07:27	00:07:35	any sales okay now the third thing that
00:07:31	00:07:36	I want to share with you guys is um it's
00:07:35	00:07:38	kind of a little different and it's
00:07:36	00:07:40	something I wish it's gonna be hard for
00:07:38	00:07:41	a lot of you guys to face this one it's
00:07:40	00:07:43	still hard for me to face this one but I
00:07:41	00:07:45	think it's really important that so I
00:07:43	00:07:47	saved it for last it's not being tied
00:07:45	00:07:49	emotionally to the results that you get
00:07:47	00:07:52	in life and business and whatever this
00:07:49	00:07:54	is extremely self sabotaging for a lot
00:07:52	00:07:55	of you guys because you let's say one
00:07:54	00:07:57	day you launch some new ads and you
00:07:55	00:07:59	don't see sales within the first day or
00:07:57	00:08:01	two you feel like you did something
00:07:59	00:08:02	wrong when that's not necessarily the
00:08:01	00:08:05	case guys right that's not necessarily
00:08:02	00:08:06	the case sometimes it could be the data
00:08:05	00:08:09	that you have to look at to pinpoint
00:08:06	00:08:11	where the problem might lie right not
00:08:09	00:08:14	tying your emotions to the to the
00:08:11	00:08:16	results that you get and instead looking
00:08:14	00:08:19	at the data and letting that data tell
00:08:16	00:08:20	you where the problem is this is why the
00:08:19	00:08:22	funnels are so nice guys is because you
00:08:20	00:08:24	could find every step of the way
00:08:22	00:08:26	here's my conversion area on my own my
00:08:24	00:08:27	opt-in page my sales page here's my
00:08:26	00:08:29	conversion rate on my order form here
00:08:27	00:08:30	are my conversions on my upsells right
00:08:29	00:08:32	and you can really pinpoint okay well
00:08:30	00:08:34	where's where's the bottleneck in my
00:08:32	00:08:37	business and locating it looking at that
00:08:34	00:08:39	as such where it's not necessarily oh
00:08:37	00:08:41	you know what like I'm doing something
00:08:39	00:08:43	wrong or or the products better no
00:08:41	00:08:44	usually guys it's not the product that's
00:08:43	00:08:46	bad right you're usually whatever
00:08:44	00:08:48	whatever mechanism that you're selling
00:08:46	00:08:49	it on is is bad okay
00:08:48	00:08:53	so start taking the results that you get
00:08:49	00:08:55	as is based just purely as data
00:08:53	00:08:57	are just data that you look at right
00:08:55	00:08:59	iterate off of it and it's basically
00:08:57	00:09:01	just like a never ending food feedback
00:08:59	00:09:03	loop that you keep iterating through and
00:09:01	00:09:06	eventually getting to the point where
00:09:03	00:09:08	you have a functioning control right
00:09:06	00:09:11	that is bringing you in sales okay
00:09:08	00:09:12	so don't take it necessarily as an
00:09:11	00:09:15	emotion like you're doing something
00:09:12	00:09:17	wrong right take it as data learn from
00:09:15	00:09:18	it learn from these obstacles learn from
00:09:17	00:09:20	these these issues that you roadblocks
00:09:18	00:09:22	that you face along the way but try not
00:09:20	00:09:25	to emotionally tie yourself I know it's
00:09:22	00:09:26	difficult but really really really try
00:09:25	00:09:28	this I know when I was first getting
00:09:26	00:09:30	started in online business I thought
00:09:28	00:09:31	that it was everything was my fault oh
00:09:30	00:09:32	and I was only just like being so
00:09:31	00:09:35	emotionally tied to it where I was this
00:09:32	00:09:36	foggy like I didn't even know what what
00:09:35	00:09:38	I should be doing next because I was so
00:09:36	00:09:40	like upset that I wasn't making sales or
00:09:38	00:09:43	my life wasn't changing as fast as as I
00:09:40	00:09:46	wanted it to be right and when I started
00:09:43	00:09:48	focusing it on things as data and only
00:09:46	00:09:49	looking at things as data even if the
00:09:48	00:09:51	results are bad or good there is no
00:09:49	00:09:54	manner of good guys in my book right
00:09:51	00:09:56	there is no yes or no right it's simply
00:09:54	00:09:58	data that I then take and then look at
00:09:56	00:10:00	it it from like a more a data-driven
00:09:58	00:10:03	perspective and make the adjustments
00:10:00	00:10:04	from there so I hope that that makes
00:10:03	00:10:05	sense guys if you have any questions
00:10:04	00:10:07	about today's video drop a comment down
00:10:05	00:10:08	below I always make some time to answer
00:10:07	00:10:10	you guys's questions and if you're brand
00:10:08	00:10:13	new to e-commerce or you are a current
00:10:10	00:10:14	Shopify saw our Amazon FBA seller and
00:10:13	00:10:16	you actually want to make some real
00:10:14	00:10:17	money in your e-commerce businesses and
00:10:16	00:10:20	you want to see how I created a full
00:10:17	00:10:23	time income for myself using five simple
00:10:20	00:10:24	funnel pages make sure you attend to
00:10:23	00:10:26	that sales funnel master class down
00:10:24	00:10:27	below in the description of this video
00:10:26	00:10:29	and if you've got any value from today's
00:10:27	00:10:30	video make sure you smash that like
00:10:29	00:10:32	button and if you're brand new to
00:10:30	00:10:33	ecommerce empire builder family here
00:10:32	00:10:35	guys I just want to give you a warm warm
00:10:33	00:10:36	welcome make sure you turn that
00:10:35	00:10:38	notification bell and hit that subscribe
00:10:36	00:10:40	button so you're notified each and every
00:10:38	00:10:42	single day as we release new content and
00:10:40	00:10:44	as this video ends you'll see two
00:10:42	00:10:45	screens come up where we all be you'll
00:10:44	00:10:48	be given some additional resources on
00:10:45	00:10:49	this channel to help you with your
00:10:48	00:10:51	e-commerce business but guys as always
00:10:49	00:10:53	have a fantastik rest of your day and
00:10:51	00:10:54	remember your empire starts
00:10:53	00:11:07	[Applause]