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REACTING To GaryVee Exposing Dropshipping!! What happens now..

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

REACTING To GaryVee Exposing Dropshipping!! What happens now..

REACTING To GaryVee Exposing Dropshipping!! What happens now..

startTime durationTime text
00:00:00 00:00:04 so garyvee was recently asked about what
00:00:02 00:00:07 he thinks about the drop shipping
00:00:04 00:00:13 industry
00:00:07 00:00:13 [Applause]
00:00:13 00:00:16 now what's going on guys my name is
00:00:15 00:00:18 peter prue welcome back to another
00:00:16 00:00:19 episode of the ecommerce empire builders
00:00:18 00:00:21 if you're not already subscribed make
00:00:19 00:00:22 sure to smash that subscribe button
00:00:21 00:00:24 the like button and also turn that
00:00:22 00:00:25 notification bell on today's giveaway
00:00:24 00:00:28 winner is going to be getting
00:00:25 00:00:29 our free ecommerce empire starter pack
00:00:28 00:00:31 course all you have to do to enter is
00:00:29 00:00:31 drop a comment down below in today's
00:00:31 00:00:32 video
00:00:31 00:00:34 make sure you tune into the next video
00:00:32 00:00:34 to see if you're that lucky winner but
00:00:34 00:00:37 guys
00:00:34 00:00:38 today's videos inspiration is garyvee we
00:00:37 00:00:40 all
00:00:38 00:00:41 uh know who garyvee is well he recently
00:00:40 00:00:42 posted this tiktok where somebody
00:00:41 00:00:44 asked him about what he thinks about
00:00:42 00:00:45 drop shipping
00:00:44 00:00:47 and there's been a ton of comments a ton
00:00:45 00:00:48 of likes and shares of this video
00:00:47 00:00:50 i want to share with you guys kind of
00:00:48 00:00:53 how he exposed drop shipping to
00:00:50 00:00:54 a bigger group of people and also those
00:00:53 00:00:56 of you that are just getting into drop
00:00:54 00:00:56 shipping what we can actually take from
00:00:56 00:00:58 this
00:00:56 00:00:59 so let's get right into it guys so you
00:00:58 00:01:00 are seeing my screen right here you guys
00:00:59 00:01:01 can of course
00:01:00 00:01:03 click down below to watch this full
00:01:01 00:01:05 video as well so he was recently asked
00:01:03 00:01:07 about drop shipping let's see what he
00:01:05 00:01:10 says
00:01:07 00:01:11 i'm gonna go with underrated but wait
00:01:10 00:01:12 there's more
00:01:11 00:01:14 i think that a lot of people are in drop
00:01:12 00:01:17 shipping don't realize that they have
00:01:14 00:01:18 graduated to the next step they and this
00:01:17 00:01:20 is huge guys so this is huge where he
00:01:18 00:01:22 said a lot of people in dropshipping
00:01:20 00:01:24 don't realize that they graduate to this
00:01:22 00:01:25 next step those of you that have been
00:01:24 00:01:26 following on channel those of you that
00:01:25 00:01:27 are students those of you in our 10k
00:01:26 00:01:30 club 50 clay club
00:01:27 00:01:31 seven figure club a lot of people there
00:01:30 00:01:33 are complacent
00:01:31 00:01:34 right now what does garyvee mean by like
00:01:33 00:01:35 graduating to the next step well that
00:01:34 00:01:38 means actually
00:01:35 00:01:39 starting a real business and a real
00:01:38 00:01:40 brand you know what i've seen a lot
00:01:39 00:01:42 about drop shipping is
00:01:40 00:01:44 a lot of people get into it because it's
00:01:42 00:01:45 so easy it's so low risk so
00:01:44 00:01:47 low calls literally anybody can start
00:01:45 00:01:48 dropping business with like 50 bucks in
00:01:47 00:01:50 their pocket
00:01:48 00:01:52 but with that people don't realize like
00:01:50 00:01:54 what it actually takes to run and
00:01:52 00:01:55 operate a business to scale it
00:01:54 00:01:56 right and a lot of people especially
00:01:55 00:01:57 i've seen my students have a lot of
00:01:56 00:01:59 success
00:01:57 00:02:00 right they don't move on to that next
00:01:59 00:02:02 level they only stik to their
00:02:00 00:02:03 aliexpress supplier or their overseas
00:02:02 00:02:05 supplier
00:02:03 00:02:06 when they can really take inventory
00:02:05 00:02:08 start branding their products
00:02:06 00:02:10 and this is important because that's
00:02:08 00:02:11 what allows you to really start growing
00:02:10 00:02:13 a real brand
00:02:11 00:02:14 right if you're just stiking with
00:02:13 00:02:16 aliexpress you're kind of on that money
00:02:14 00:02:18 grab which is perfectly fine it's a
00:02:16 00:02:18 great way to test and validate new
00:02:18 00:02:20 products
00:02:18 00:02:22 however once you actually validate those
00:02:20 00:02:24 offers validate those products
00:02:22 00:02:25 and you're getting you know 10 50k a
00:02:24 00:02:26 month in revenue
00:02:25 00:02:28 it's time to start thinking about what's
00:02:26 00:02:30 that next level right how can i brand
00:02:28 00:02:32 this product maybe there's a small tweak
00:02:30 00:02:32 in the product design that you want to
00:02:32 00:02:34 change
00:02:32 00:02:35 up right that's huge and you can't
00:02:34 00:02:36 really do that if you're doing like
00:02:35 00:02:38 aliexpress
00:02:36 00:02:39 drop shipping right you could start
00:02:38 00:02:40 doing that when you start sourcing and
00:02:39 00:02:42 bringing that inventory
00:02:40 00:02:44 bringing it over to the states and using
00:02:42 00:02:44 fulfillment warehouses so i couldn't
00:02:44 00:02:46 agree
00:02:44 00:02:48 more than this drop shipping is great
00:02:46 00:02:50 for beginners because it's low risk low
00:02:48 00:02:50 cost but then when they try and scale it
00:02:50 00:02:51 right
00:02:50 00:02:53 things start to kind of fall apart
00:02:51 00:02:54 because you want to really create
00:02:53 00:02:55 something that that you control that
00:02:54 00:02:56 your competition
00:02:55 00:02:59 really can't touch you so let's keep
00:02:56 00:03:01 going here have skills that could be
00:02:59 00:03:03 starting a brand itself or a company for
00:03:01 00:03:04 them it's overrated because they're
00:03:03 00:03:05 comfortable they're making six figures a
00:03:04 00:03:06 month but they can be building 150
00:03:05 00:03:08 million dollars
00:03:06 00:03:10 yeah and that's huge right that's huge
00:03:08 00:03:12 because i think a lot of people
00:03:10 00:03:15 uh in dropshipping like a lot of us guys
00:03:12 00:03:15 have the talent right to build a big big
00:03:15 00:03:17 brand but
00:03:15 00:03:19 i think oftentimes uh you know grant
00:03:17 00:03:20 cardone says it best it's like
00:03:19 00:03:21 you don't think big enough right and i
00:03:20 00:03:23 think a lot of people drop shipping
00:03:21 00:03:25 think that way maybe they get that that
00:03:23 00:03:27 success they hit that six figure month
00:03:25 00:03:28 and next thing you know they're they're
00:03:27 00:03:30 overwhelmed or they feel like well what
00:03:28 00:03:31 am i supposed to do now like
00:03:30 00:03:33 you know what so i think a lot of people
00:03:31 00:03:34 need to take a step back and be like
00:03:33 00:03:35 okay you know what i've gotten to this
00:03:34 00:03:37 level
00:03:35 00:03:38 right what do i have to do next right
00:03:37 00:03:39 and this kind of goes back to what i was
00:03:38 00:03:41 saying right
00:03:39 00:03:42 drop shipping if you're using like
00:03:41 00:03:45 aliexpress right
00:03:42 00:03:46 that is just a way to test out your
00:03:45 00:03:48 offers test
00:03:46 00:03:49 and validate your products right make
00:03:48 00:03:51 sure you can actually sell there's a lot
00:03:49 00:03:51 to learn when you're starting a business
00:03:51 00:03:53 guys are
00:03:51 00:03:55 advertising marketing sales building
00:03:53 00:03:56 your websites writing copy right there's
00:03:55 00:03:58 a lot that goes into it there's no
00:03:56 00:03:59 denying that
00:03:58 00:04:01 right but you have to understand like
00:03:59 00:04:01 when you as you grow and you learn those
00:04:01 00:04:04 skills
00:04:01 00:04:05 right and validate those offers from
00:04:04 00:04:07 your business
00:04:05 00:04:08 then you can move on to that next step
00:04:07 00:04:10 right where you then can brand and
00:04:08 00:04:11 source your inventory like i was
00:04:10 00:04:13 mentioning
00:04:11 00:04:14 earlier right which is most people right
00:04:13 00:04:16 my rule of thumb is if you hit ten
00:04:14 00:04:16 thousand dollars per month with one
00:04:16 00:04:18 product
00:04:16 00:04:20 it's time to really take back control a
00:04:18 00:04:22 little bit a little bit of that product
00:04:20 00:04:24 brand it source it maybe make some
00:04:22 00:04:26 product design tweaks right maybe
00:04:24 00:04:27 there's a common complaint that a lot of
00:04:26 00:04:29 your customers are having about your
00:04:27 00:04:31 product right make the change right make
00:04:29 00:04:32 the change on your product source it and
00:04:31 00:04:34 brand it and bring it over to the states
00:04:32 00:04:36 you get faster shipping and all those
00:04:34 00:04:38 cons kind of go away with drop shipping
00:04:36 00:04:39 it gets underrated because i think a lot
00:04:38 00:04:40 of people watch this right now don't
00:04:39 00:04:41 even know what it is they're about to go
00:04:40 00:04:42 google which is like
00:04:41 00:04:44 and this is another huge point i think
00:04:42 00:04:46 dropshipping a lot of people think that
00:04:44 00:04:48 drop shipping is some some some new
00:04:46 00:04:49 thing or they don't under they think
00:04:48 00:04:50 it's all you know they tried it or it
00:04:49 00:04:52 doesn't work or
00:04:50 00:04:53 you know they don't know about it and i
00:04:52 00:04:55 think this video is definitely going to
00:04:53 00:04:57 bring a lot of exposure to drop shipping
00:04:55 00:04:59 but here's a big thing to understand
00:04:57 00:05:01 drop shipping will never
00:04:59 00:05:02 die drop shipping has been around for
00:05:01 00:05:05 hundreds if not thousands of years
00:05:02 00:05:06 drop shipping is simply a mechanism it
00:05:05 00:05:08 is a
00:05:06 00:05:09 way and a logistikal way of getting your
00:05:08 00:05:11 products to your customers right so you
00:05:09 00:05:13 don't have to store and ship it in your
00:05:11 00:05:14 own house or your own fulfillment center
00:05:13 00:05:16 essentially what drop shipping is it's
00:05:14 00:05:19 kind of like my supplement on tap focus
00:05:16 00:05:20 right where my manufacturer creates the
00:05:19 00:05:21 product right they create that untap
00:05:20 00:05:24 focus supplement for me
00:05:21 00:05:25 and then they also ship it and store it
00:05:24 00:05:27 for me as well
00:05:25 00:05:28 right so it's just a hands-off way so
00:05:27 00:05:30 you as the business owner
00:05:28 00:05:32 right you're really focusing on
00:05:30 00:05:33 advertising marketing and sales
00:05:32 00:05:35 while your manufacturer handles all the
00:05:33 00:05:37 logistiks getting the product to your
00:05:35 00:05:38 customers and handling all of that stuff
00:05:37 00:05:40 that's a huge distinction because a lot
00:05:38 00:05:41 of people say oh dropship is dead and
00:05:40 00:05:42 this and that
00:05:41 00:05:44 they're mainly toking about like you
00:05:42 00:05:45 know aliexpress that they tried
00:05:44 00:05:46 aliexpress and it failed for them or or
00:05:45 00:05:48 whatnot
00:05:46 00:05:50 right but drop shipping right the the
00:05:48 00:05:52 mechanism the logistiks of it will never
00:05:50 00:05:54 die it's been around pretty much forever
00:05:52 00:05:56 buying a product that you never take
00:05:54 00:05:58 physical control of use logistiks to
00:05:56 00:06:00 create an arbitrage
00:05:58 00:06:01 run ads or do things or lists on amazon
00:06:00 00:06:03 and run that game
00:06:01 00:06:05 and that was one point that garyvee
00:06:03 00:06:06 mentioned listing it on amazon that is
00:06:05 00:06:07 against terms
00:06:06 00:06:09 of service guys so he you know he
00:06:07 00:06:10 probably isn't super well versed in the
00:06:09 00:06:12 in the drop shipping space i don't
00:06:10 00:06:13 expect him to be
00:06:12 00:06:15 and i know a lot of i saw this see some
00:06:13 00:06:16 comments on this tiktok that he
00:06:15 00:06:17 posted
00:06:16 00:06:18 where a lot of people you know where i
00:06:17 00:06:20 said oh you can actually do this on
00:06:18 00:06:20 amazon like you can't do that right you
00:06:20 00:06:23 can
00:06:20 00:06:24 you can do that but it is gonna you're
00:06:23 00:06:26 gonna get your account banned so that is
00:06:24 00:06:28 against amazon's terms of service you
00:06:26 00:06:30 can't go and list the product on amazon
00:06:28 00:06:32 and drop shipping from aliexpress
00:06:30 00:06:33 do people do it yes do people make money
00:06:32 00:06:34 from doing it
00:06:33 00:06:36 yes but is it going to be short term
00:06:34 00:06:38 absolutely yes okay so make sure you
00:06:36 00:06:38 kind of don't have that kind of like
00:06:38 00:06:40 short-term
00:06:38 00:06:42 uh approach with it you might get away
00:06:40 00:06:44 with it for a little bit but you cannot
00:06:42 00:06:45 drop ship like that on amazon you're
00:06:44 00:06:46 gonna get your account banned you're
00:06:45 00:06:48 gonna lead
00:06:46 00:06:50 to a bunch of headaches really cool
00:06:48 00:06:52 thing for people to learn it's a good
00:06:50 00:06:54 skill it reminds me a lot of garage
00:06:52 00:06:56 saleing ebaying flipping sports cards
00:06:54 00:06:57 so yeah and this is another point that i
00:06:56 00:06:59 mentioned earlier guys is
00:06:57 00:07:00 that when you're doing drop shipping
00:06:59 00:07:02 when you're getting started i
00:07:00 00:07:04 don't recommend any other better
00:07:02 00:07:05 business model than getting started with
00:07:04 00:07:06 drop shipping because it's
00:07:05 00:07:08 low risk right you don't have to waste a
00:07:06 00:07:10 whole bunch of money low cost you don't
00:07:08 00:07:13 have to waste a whole bunch of money
00:07:10 00:07:14 right and you can learn skills right
00:07:13 00:07:15 just like gary said here you can learn
00:07:14 00:07:17 skills
00:07:15 00:07:18 advertising marketing sales how to write
00:07:17 00:07:19 copy how to build funnels how to build
00:07:18 00:07:21 storefronts
00:07:19 00:07:23 right how to run ads right there's so
00:07:21 00:07:24 much to learn right
00:07:23 00:07:26 now that's why i would recommend
00:07:24 00:07:27 dropshipping because if you have to go
00:07:26 00:07:29 and spend you know 10 20 000
00:07:27 00:07:30 in inventory and then you have to learn
00:07:29 00:07:32 all these things on top of that
00:07:30 00:07:34 right you're gonna kind of you're gonna
00:07:32 00:07:34 feel a lot of pressure and that's fine
00:07:34 00:07:35 but
00:07:34 00:07:37 i always recommend start with drop
00:07:35 00:07:38 shipping because it's you don't have to
00:07:37 00:07:39 waste a whole bunch of money on
00:07:38 00:07:41 inventory that
00:07:39 00:07:42 may or may not even sell for you right
00:07:41 00:07:44 so always any business that you're
00:07:42 00:07:45 thinking about starting right now always
00:07:44 00:07:47 keep it low risk a low
00:07:45 00:07:48 cost for yourself and most importantly
00:07:47 00:07:49 if you're starting a drop shipping
00:07:48 00:07:51 business
00:07:49 00:07:52 make sure that you're not buying a whole
00:07:51 00:07:54 bunch of inventory or anything like that
00:07:52 00:07:56 get those skills nailed down first
00:07:54 00:07:57 learn the process prove to yourself that
00:07:56 00:08:00 you can actually make money and cash
00:07:57 00:08:02 flow and then move on to that next step
00:08:00 00:08:04 overall i think it's underrated with a
00:08:02 00:08:04 small group that is complacent and their
00:08:04 00:08:06 success
00:08:04 00:08:08 needs to be pushed to do bigger things
00:08:06 00:08:09 because they can and i hope you hear me
00:08:08 00:08:11 that crew
00:08:09 00:08:13 yeah so i think this total uh this
00:08:11 00:08:14 little short little tik tac from garyvee
00:08:13 00:08:16 was to very very eye opening
00:08:14 00:08:17 to a wide range of people those are just
00:08:16 00:08:18 starting out don't even know what drop
00:08:17 00:08:19 shipping is
00:08:18 00:08:20 to those people that are experienced
00:08:19 00:08:21 sellers already and they're feeling
00:08:20 00:08:23 complacent
00:08:21 00:08:25 with their success right you have to
00:08:23 00:08:26 move forward push pass
00:08:25 00:08:28 like if you're stuck at let's say you
00:08:26 00:08:29 know 50 60 000 a month
00:08:28 00:08:31 maybe that's the level you're going to
00:08:29 00:08:31 be stuck at if you're doing like an
00:08:31 00:08:33 aliexpress
00:08:31 00:08:35 drop shipping or something like that so
00:08:33 00:08:36 to get to that next level
00:08:35 00:08:38 you're going to have to move to the next
00:08:36 00:08:39 level meaning like hey you got to take
00:08:38 00:08:40 back control take a little bit more
00:08:39 00:08:42 risks
00:08:40 00:08:43 on by sourcing branding your inventory
00:08:42 00:08:45 diff making any different sorts of
00:08:43 00:08:45 product tweaks as well guys i would love
00:08:45 00:08:47 to hear
00:08:45 00:08:48 your thoughts on today's video drop me a
00:08:47 00:08:50 comment or you'll also get entered in
00:08:48 00:08:52 to win our ecommerce empire starter pack
00:08:50 00:08:53 course completely for free and if you're
00:08:52 00:08:55 just getting started with drop shipping
00:08:53 00:08:56 and you want to learn how to build your
00:08:55 00:08:57 drop shipping business
00:08:56 00:08:59 using our subscription sales funnel
00:08:57 00:09:00 method check the first link in the
00:08:59 00:09:02 description of today's video because as
00:09:00 00:09:08 always have a fantastik rest of your day
00:09:02 00:09:10 and remember your empire starts now
00:09:08 00:09:10 you

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