Realistic Shopify Dropshipping Startup Costs For 2019/2020 | From PRO Dropshippers
Published on: November 27 2022 by Peter Pru - Ecommerce Empire Builders
Realistic Shopify Dropshipping Startup Costs For 2019/2020 | From PRO Dropshippers
Table of Contents
Realistic Shopify Dropshipping Startup Costs For 2019/2020 | From PRO Dropshippers
| startTime | durationTime | text |
| 00:00:00 | 00:00:07 | see you see this you know what's going |
| 00:00:05 | 00:00:09 | on Empire builders I got a special guest |
| 00:00:07 | 00:00:11 | with me here today Allie we're actually |
| 00:00:09 | 00:00:13 | at an event here and we wanted to shoot |
| 00:00:11 | 00:00:16 | some content together and bring you guys |
| 00:00:13 | 00:00:18 | some valuable content in regards to the |
| 00:00:16 | 00:00:20 | costs of drop shipping in 2019 and |
| 00:00:18 | 00:00:24 | Beyond right into 2020 we're getting |
| 00:00:20 | 00:00:25 | close into 2020 now now how how much |
| 00:00:24 | 00:00:28 | will it cost you to actually start a |
| 00:00:25 | 00:00:34 | drop shipping business in 2019 and |
| 00:00:28 | 00:00:36 | beyond now if you're brand new here to |
| 00:00:34 | 00:00:37 | the e-commerce Empire builders I just |
| 00:00:36 | 00:00:40 | want to give you a huge huge welcome |
| 00:00:37 | 00:00:41 | make sure you subscribe to the channel |
| 00:00:40 | 00:00:42 | make sure you hit the little |
| 00:00:41 | 00:00:44 | notification bell I actually answer all |
| 00:00:42 | 00:00:46 | of your questions alive if you drop that |
| 00:00:44 | 00:00:47 | question within the first 30 minutes me |
| 00:00:46 | 00:00:48 | and Allie will actually be monitoring |
| 00:00:47 | 00:00:50 | that question box will answer your |
| 00:00:48 | 00:00:51 | question and you just have to drop a |
| 00:00:50 | 00:00:53 | comment down below and you also be |
| 00:00:51 | 00:00:56 | entered into an a free 30-minute |
| 00:00:53 | 00:00:57 | coaching session with me just for |
| 00:00:56 | 00:00:59 | dropping a nice comment down below and |
| 00:00:57 | 00:01:02 | if you don't know what to say just say |
| 00:00:59 | 00:01:04 | my empire starts now so the true costs |
| 00:01:02 | 00:01:05 | of dropshipping right how much do you |
| 00:01:04 | 00:01:07 | actually need if you're just getting |
| 00:01:05 | 00:01:09 | started and drop shipping and I kind of |
| 00:01:07 | 00:01:10 | want to you know overlay this and I hope |
| 00:01:09 | 00:01:13 | you don't mind overlays with a little |
| 00:01:10 | 00:01:15 | bit of a story and why drop shipping is |
| 00:01:13 | 00:01:17 | is important right and why drop shooting |
| 00:01:15 | 00:01:19 | is a good business model to get into for |
| 00:01:17 | 00:01:20 | the indefinite future in my opinion so |
| 00:01:19 | 00:01:22 | when I was getting started with |
| 00:01:20 | 00:01:24 | e-commerce I really first got started |
| 00:01:22 | 00:01:26 | with Amazon FBA right and if you guys |
| 00:01:24 | 00:01:27 | don't know what Amazon FBA is it kind of |
| 00:01:26 | 00:01:29 | sounds like the greatest thing since |
| 00:01:27 | 00:01:30 | sliced bread it's actually used you |
| 00:01:29 | 00:01:33 | source a bunch of inventory from China |
| 00:01:30 | 00:01:35 | from a supplier and an amazon packs it |
| 00:01:33 | 00:01:37 | for you ships it for you basically gets |
| 00:01:35 | 00:01:39 | customers for you it does all everything |
| 00:01:37 | 00:01:40 | for you right it sounds amazing enough |
| 00:01:39 | 00:01:43 | to touch anything |
| 00:01:40 | 00:01:45 | right and you just get money right and I |
| 00:01:43 | 00:01:47 | started my business that way you know I |
| 00:01:45 | 00:01:49 | invested about ten thousand dollars in |
| 00:01:47 | 00:01:51 | the inventory you know we the business |
| 00:01:49 | 00:01:52 | was doing amazingly well we were doing |
| 00:01:51 | 00:01:55 | fifty to eighty thousand dollars a month |
| 00:01:52 | 00:01:57 | in sales at its peak but then you know |
| 00:01:55 | 00:01:58 | all of a sudden you know a competitor |
| 00:01:57 | 00:02:02 | came to my listing they said hey you |
| 00:01:58 | 00:02:03 | know what they made false IP claims so |
| 00:02:02 | 00:02:05 | basically any one of you like watching |
| 00:02:03 | 00:02:06 | this then you can do this too it's crazy |
| 00:02:05 | 00:02:09 | you could go to any listing on Amazon |
| 00:02:06 | 00:02:11 | and just say hey you're infringing on a |
| 00:02:09 | 00:02:13 | copyright which is just insane and right |
| 00:02:11 | 00:02:14 | in Amazon they don't like look through |
| 00:02:13 | 00:02:16 | these and details right there not a |
| 00:02:14 | 00:02:17 | legal company they don't care right |
| 00:02:16 | 00:02:18 | they're just ban you right then they |
| 00:02:17 | 00:02:20 | take that off and then they make you |
| 00:02:18 | 00:02:21 | deal with the seller and that's actually |
| 00:02:20 | 00:02:23 | what happened to me and my business I |
| 00:02:21 | 00:02:25 | was on five products on Amazon at the |
| 00:02:23 | 00:02:27 | time and in the blink of an eye |
| 00:02:25 | 00:02:29 | overnight within a couple minutes all of |
| 00:02:27 | 00:02:31 | my Amazon listings were suppressed I'd |
| 00:02:29 | 00:02:32 | literally had no business whatsoever and |
| 00:02:31 | 00:02:35 | I started made the realization that's |
| 00:02:32 | 00:02:36 | like I tell you guys right Amazon FBA |
| 00:02:35 | 00:02:39 | it's awesome right it's a great sales |
| 00:02:36 | 00:02:41 | channel but do not just sell on Amazon |
| 00:02:39 | 00:02:42 | right you want to make sure you you |
| 00:02:41 | 00:02:45 | control the customers right with with |
| 00:02:42 | 00:02:46 | Amazon that business dude like I had no |
| 00:02:45 | 00:02:48 | customer list |
| 00:02:46 | 00:02:49 | I had no emails I had no way to contact |
| 00:02:48 | 00:02:51 | my customers like it was basically like |
| 00:02:49 | 00:02:52 | they came to I was under I go that |
| 00:02:51 | 00:02:54 | business isn't there anymore if they |
| 00:02:52 | 00:02:55 | even said that there whatever who cares |
| 00:02:54 | 00:02:58 | they just bought it from from somebody |
| 00:02:55 | 00:03:00 | else right and then after I got done |
| 00:02:58 | 00:03:02 | with that business I started learning |
| 00:03:00 | 00:03:04 | about drop shipping and and dropped you |
| 00:03:02 | 00:03:05 | guys don't know essentially you're a |
| 00:03:04 | 00:03:08 | middleman between your supplier and your |
| 00:03:05 | 00:03:10 | customer right you you your supplier |
| 00:03:08 | 00:03:12 | handles the the whole fulfillment |
| 00:03:10 | 00:03:14 | process for you shipping it for you it's |
| 00:03:12 | 00:03:15 | really low cost low risk because as a |
| 00:03:14 | 00:03:17 | customer buys from you then you tell |
| 00:03:15 | 00:03:19 | your supplier to ship it I'll ship it to |
| 00:03:17 | 00:03:20 | them right so it's a very simple a |
| 00:03:19 | 00:03:22 | simple business Bob do you have anything |
| 00:03:20 | 00:03:24 | you want to add cuz I just kind of |
| 00:03:22 | 00:03:25 | toked for like three four minutes and I |
| 00:03:24 | 00:03:28 | didn't even get to like give you a |
| 00:03:25 | 00:03:30 | proper introduction so this is Ali who's |
| 00:03:28 | 00:03:33 | actually one of our first mentees inside |
| 00:03:30 | 00:03:35 | of our inner circle program hit our 10k |
| 00:03:33 | 00:03:37 | Club within his first month which is |
| 00:03:35 | 00:03:38 | insane there's a more in-depth interview |
| 00:03:37 | 00:03:41 | with with Ali but now he's helping us |
| 00:03:38 | 00:03:43 | launch untapped he's an absolute beast |
| 00:03:41 | 00:03:45 | that comes to influencer marketing so |
| 00:03:43 | 00:03:47 | thank you for just taking some time out |
| 00:03:45 | 00:03:48 | of here you're really busy day to come |
| 00:03:47 | 00:03:50 | here and drop some drop some bombs but |
| 00:03:48 | 00:03:52 | do you have anything you want to say in |
| 00:03:50 | 00:03:54 | regards to starting a drop shipping |
| 00:03:52 | 00:03:57 | business like as far as the model even |
| 00:03:54 | 00:04:01 | is concerned okay so with when it comes |
| 00:03:57 | 00:04:04 | to drop shipping I've kind of had a |
| 00:04:01 | 00:04:07 | really bad experience as well and mine |
| 00:04:04 | 00:04:09 | had to do with Shopify so when I came |
| 00:04:07 | 00:04:13 | across this kind of drop shipping world |
| 00:04:09 | 00:04:15 | the only like I hadn't come across you |
| 00:04:13 | 00:04:17 | in the way that you teach it so the only |
| 00:04:15 | 00:04:19 | way that I knew how to drop ship was |
| 00:04:17 | 00:04:21 | through Shopify stores how much money |
| 00:04:19 | 00:04:22 | did you have when you started this is |
| 00:04:21 | 00:04:23 | like how much did you want a budget cuz |
| 00:04:22 | 00:04:25 | I knew there's gonna be a lot of you |
| 00:04:23 | 00:04:26 | that are just getting started in here |
| 00:04:25 | 00:04:28 | that want to know |
| 00:04:26 | 00:04:29 | we're gonna get into stay for through |
| 00:04:28 | 00:04:31 | the whole video we're gonna be going a |
| 00:04:29 | 00:04:32 | tizzy like how much of a budget you need |
| 00:04:31 | 00:04:34 | to maintain but I just wanna give you |
| 00:04:32 | 00:04:35 | guys some perspective of like if your |
| 00:04:34 | 00:04:37 | example like how much did you need when |
| 00:04:35 | 00:04:39 | you were getting started so when I was |
| 00:04:37 | 00:04:41 | getting started I was not given the |
| 00:04:39 | 00:04:44 | right information and I had about I |
| 00:04:41 | 00:04:46 | thought like having like a hundred two |
| 00:04:44 | 00:04:49 | hundred dollars for everything to pay |
| 00:04:46 | 00:04:51 | for the software to pay for ads to pay |
| 00:04:49 | 00:04:53 | for testing was enough and that's how |
| 00:04:51 | 00:04:55 | much I would invest and every time I put |
| 00:04:53 | 00:04:58 | in a hundred dollars on a product that I |
| 00:04:55 | 00:05:01 | thought was going to win I kind of lost |
| 00:04:58 | 00:05:02 | it every single time and I kind of told |
| 00:05:01 | 00:05:05 | myself that it was the product that |
| 00:05:02 | 00:05:06 | didn't work but I you know later I |
| 00:05:05 | 00:05:09 | realized that I didn't have the right |
| 00:05:06 | 00:05:12 | mentality when it came to knowing how |
| 00:05:09 | 00:05:13 | much I'm going to spend not the |
| 00:05:12 | 00:05:15 | marketing was the different thing but I |
| 00:05:13 | 00:05:17 | didn't even have the right information |
| 00:05:15 | 00:05:20 | in terms of how much I needed to have |
| 00:05:17 | 00:05:21 | saved to do it properly right so I I |
| 00:05:20 | 00:05:24 | would have like a hundred two hundred |
| 00:05:21 | 00:05:28 | dollars I'll put in the side to you know |
| 00:05:24 | 00:05:32 | test to buy ads to set up stores to test |
| 00:05:28 | 00:05:34 | products and whatnot so how did that |
| 00:05:32 | 00:05:36 | experience kind of go for you when you |
| 00:05:34 | 00:05:38 | because you got started with with the |
| 00:05:36 | 00:05:39 | Shopify space right and for those of you |
| 00:05:38 | 00:05:42 | wondering yes I am actually sitting on a |
| 00:05:39 | 00:05:46 | desk right now because I'm Way too tall |
| 00:05:42 | 00:05:48 | so you know like when you got started |
| 00:05:46 | 00:05:49 | with Shopify you had that $200 that you |
| 00:05:48 | 00:05:51 | started that business with and and guys |
| 00:05:49 | 00:05:53 | a lot of people you know in the in the |
| 00:05:51 | 00:05:56 | dropshipping space do usually recommend |
| 00:05:53 | 00:05:57 | going with a Shopify store and you know |
| 00:05:56 | 00:06:00 | we're gonna be diving into what tools |
| 00:05:57 | 00:06:02 | you need to be successful to make your |
| 00:06:00 | 00:06:03 | dropship being as easy as possible so |
| 00:06:02 | 00:06:05 | you could be up and running as quickly |
| 00:06:03 | 00:06:07 | as possible here shortly but kind of |
| 00:06:05 | 00:06:08 | like what was your when you started your |
| 00:06:07 | 00:06:10 | Shopify store like what did you feel |
| 00:06:08 | 00:06:12 | that you needed to get started right it |
| 00:06:10 | 00:06:13 | was there it okay you have the Shopify |
| 00:06:12 | 00:06:15 | applicant what else did you were you |
| 00:06:13 | 00:06:18 | spending your money on and kind of like |
| 00:06:15 | 00:06:22 | what were your results so with the |
| 00:06:18 | 00:06:25 | Shopify store I again I watched like |
| 00:06:22 | 00:06:27 | tutorials and stuff and I got a like |
| 00:06:25 | 00:06:31 | added a bunch of other apps like so I |
| 00:06:27 | 00:06:34 | had a pop-up app I remember I had |
| 00:06:31 | 00:06:37 | in-depth reviews app I remember I had |
| 00:06:34 | 00:06:39 | another separate email abandoned cart |
| 00:06:37 | 00:06:43 | app at one point I had the SMI |
| 00:06:39 | 00:06:44 | zap and myself I'd go 70 absolutely |
| 00:06:43 | 00:06:46 | you'll get we like they literally it |
| 00:06:44 | 00:06:48 | goes out of control everything was on a |
| 00:06:46 | 00:06:50 | free trial so I was like you know what |
| 00:06:48 | 00:06:52 | I'll make this money back I'll make this |
| 00:06:50 | 00:06:53 | money back it's like gamblers mentality |
| 00:06:52 | 00:06:56 | almost like you know what I'll make this |
| 00:06:53 | 00:06:58 | money back like these they're not they |
| 00:06:56 | 00:06:59 | know what they're you know these |
| 00:06:58 | 00:07:01 | software companies they know what |
| 00:06:59 | 00:07:03 | they're doing right they they you know |
| 00:07:01 | 00:07:05 | either there's a few apps I do recommend |
| 00:07:03 | 00:07:08 | because I think Shopify has its place |
| 00:07:05 | 00:07:09 | right in it in the e-commerce ecosystem |
| 00:07:08 | 00:07:11 | but I don't think it's a good solution |
| 00:07:09 | 00:07:13 | for somebody just getting started at |
| 00:07:11 | 00:07:16 | once - you know validate test ideas and |
| 00:07:13 | 00:07:18 | really start bringing in cash flow so |
| 00:07:16 | 00:07:20 | you launch your Shopify store and kind |
| 00:07:18 | 00:07:22 | of like give us a rundown look of how |
| 00:07:20 | 00:07:23 | how did things work out and then what |
| 00:07:22 | 00:07:27 | was your progression to what you're |
| 00:07:23 | 00:07:30 | doing now so with Shopify I knew that I |
| 00:07:27 | 00:07:32 | had a 100 200 dollars so that's not a |
| 00:07:30 | 00:07:34 | lot of budget so everybody in the space |
| 00:07:32 | 00:07:37 | was recommending if you don't have a lot |
| 00:07:34 | 00:07:40 | of budget go and try influencers and |
| 00:07:37 | 00:07:43 | stuff like that so I went for it and I |
| 00:07:40 | 00:07:45 | would spend you know 50 60 dollars on |
| 00:07:43 | 00:07:48 | influencer posts I would test mean pages |
| 00:07:45 | 00:07:50 | I would test all of these other posts |
| 00:07:48 | 00:07:53 | people did come on my Shopify store the |
| 00:07:50 | 00:07:56 | ads work right because you know |
| 00:07:53 | 00:07:58 | fortunately I kind of had the ad side |
| 00:07:56 | 00:08:00 | unlock a little bit not too much so I |
| 00:07:58 | 00:08:02 | would you know I would go on the |
| 00:08:00 | 00:08:05 | dashboard on Shopify and it shows you |
| 00:08:02 | 00:08:07 | how many people are on your site or I |
| 00:08:05 | 00:08:08 | don't remember I don't know if it was |
| 00:08:07 | 00:08:10 | Shopify Google Analytiks but I would sit |
| 00:08:08 | 00:08:13 | there the a door and I would sit and I |
| 00:08:10 | 00:08:14 | would see people coming on the website |
| 00:08:13 | 00:08:19 | has a card okay now the money is gonna |
| 00:08:14 | 00:08:21 | come in no sales flat see you see that |
| 00:08:19 | 00:08:26 | was frustrating I would send so much |
| 00:08:21 | 00:08:27 | traffic to the to the store and and then |
| 00:08:26 | 00:08:28 | when I got better at writing |
| 00:08:27 | 00:08:32 | descriptions and putting all of that |
| 00:08:28 | 00:08:35 | stuff in the store just didn't convert I |
| 00:08:32 | 00:08:37 | don't know what it was a sales even when |
| 00:08:35 | 00:08:39 | I was making sales I just couldn't rule |
| 00:08:37 | 00:08:42 | II cover the cost of the ads and the |
| 00:08:39 | 00:08:45 | product right but like when it came like |
| 00:08:42 | 00:08:47 | yeah I just couldn't with my Shopify |
| 00:08:45 | 00:08:49 | store when I was done running like let's |
| 00:08:47 | 00:08:52 | say an influencer shoutout if I was |
| 00:08:49 | 00:08:52 | running expensive shout outs $120 shout |
| 00:08:52 | 00:08:57 | outs |
| 00:08:52 | 00:09:01 | and at least expensive in my niche and I |
| 00:08:57 | 00:09:01 | would be in the I would be in the red |
| 00:09:02 | 00:09:07 | open-loop for you for yours right now |
| 00:09:04 | 00:09:09 | because you know a lot of people think |
| 00:09:07 | 00:09:10 | in videos like this they're gonna be |
| 00:09:09 | 00:09:11 | like oh we're telling you to go shop why |
| 00:09:10 | 00:09:13 | we're gonna give you like because a lot |
| 00:09:11 | 00:09:15 | of them are gonna be okay go download |
| 00:09:13 | 00:09:18 | these five apps get a Shopify store and |
| 00:09:15 | 00:09:19 | you're all ready to go when in fact |
| 00:09:18 | 00:09:20 | there's like a lot cheaper way so if |
| 00:09:19 | 00:09:22 | you're just thinking about getting |
| 00:09:20 | 00:09:24 | started with drop shipping in a business |
| 00:09:22 | 00:09:26 | as a business model hundred percent |
| 00:09:24 | 00:09:28 | understand that it does take money to |
| 00:09:26 | 00:09:30 | make money right you know anybody that |
| 00:09:28 | 00:09:32 | tells you otherwise is lying to you |
| 00:09:30 | 00:09:34 | however there is cost-effective ways to |
| 00:09:32 | 00:09:37 | get started so the software that we |
| 00:09:34 | 00:09:40 | actually use currently right now is is |
| 00:09:37 | 00:09:41 | clickfunnels now clickfunnels is a sales |
| 00:09:40 | 00:09:44 | funnel builder right it's basically a |
| 00:09:41 | 00:09:46 | replacement for your website right and a |
| 00:09:44 | 00:09:47 | sales funnel if you don't know what it |
| 00:09:46 | 00:09:50 | is well might put up a cool infographic |
| 00:09:47 | 00:09:52 | or well we show this is it's a very |
| 00:09:50 | 00:09:54 | guided process we're highlighting one |
| 00:09:52 | 00:09:56 | specific product one of your one of your |
| 00:09:54 | 00:09:58 | drop shipping products right let's say |
| 00:09:56 | 00:09:59 | you're selling fishing lures right I'll |
| 00:09:58 | 00:10:01 | be using that example because I'm not |
| 00:09:59 | 00:10:03 | ruining anybody's niche because it's my |
| 00:10:01 | 00:10:05 | niche and everybody I remember I shot I |
| 00:10:03 | 00:10:06 | did a video with niches and that's my |
| 00:10:05 | 00:10:07 | niche like that's whatever so we do |
| 00:10:06 | 00:10:09 | fishing right so you're selling a |
| 00:10:07 | 00:10:10 | fishing lure right instead of putting in |
| 00:10:09 | 00:10:12 | a Shopify store where there's gonna be a |
| 00:10:10 | 00:10:13 | million fishing lures for people to |
| 00:10:12 | 00:10:16 | choose from we only give them the option |
| 00:10:13 | 00:10:17 | to buy that one specific fishing lure on |
| 00:10:16 | 00:10:19 | our sales funnel right and that really |
| 00:10:17 | 00:10:21 | lets us be very targeted with our |
| 00:10:19 | 00:10:24 | advertisements with our influence or |
| 00:10:21 | 00:10:26 | posts but it also we can highlight all |
| 00:10:24 | 00:10:28 | the benefits that that customers gonna |
| 00:10:26 | 00:10:30 | get from buying from us and not |
| 00:10:28 | 00:10:32 | distracting them with a ton of buttons |
| 00:10:30 | 00:10:33 | or anything like that and the best part |
| 00:10:32 | 00:10:36 | about sales funnels is we can also add |
| 00:10:33 | 00:10:38 | in upsells right so you know like |
| 00:10:36 | 00:10:39 | McDonald's right we were just you know |
| 00:10:38 | 00:10:40 | we just heard that at the conference are |
| 00:10:39 | 00:10:42 | they do you want fries with that do you |
| 00:10:40 | 00:10:45 | want you know you want supersize right |
| 00:10:42 | 00:10:46 | whatever right those are upsells those |
| 00:10:45 | 00:10:48 | are ways that you're gonna increase the |
| 00:10:46 | 00:10:49 | revenue that your business is making |
| 00:10:48 | 00:10:51 | right and a lot of Shopify store Shopify |
| 00:10:49 | 00:10:54 | apps I actually allow you to do that |
| 00:10:51 | 00:10:56 | like post purchase like one-click right |
| 00:10:54 | 00:10:57 | they're gonna be charging you for the |
| 00:10:56 | 00:10:58 | software and then they're gonna be |
| 00:10:57 | 00:11:00 | taking a portion of your profits all |
| 00:10:58 | 00:11:01 | right with a sales funnel specifically |
| 00:11:00 | 00:11:02 | with click funnels what we use they |
| 00:11:01 | 00:11:05 | don't take any or money it's a flat fee |
| 00:11:02 | 00:11:06 | of $97 a month that's all you need right |
| 00:11:05 | 00:11:07 | I know some of you are like |
| 00:11:06 | 00:11:09 | ninety-seven dollars a month that's like |
| 00:11:07 | 00:11:10 | ridiculous I can't I can't spend night |
| 00:11:09 | 00:11:12 | that's it's the only tool you need you |
| 00:11:10 | 00:11:13 | have your email marketing you can do |
| 00:11:12 | 00:11:15 | from there the basic email marketing |
| 00:11:13 | 00:11:17 | stuff you have your upsells you can do |
| 00:11:15 | 00:11:18 | you don't need any other apps besides |
| 00:11:17 | 00:11:21 | click phones I proved it this on this |
| 00:11:18 | 00:11:22 | channel two times make sure to check out |
| 00:11:21 | 00:11:24 | the in the description as video there's |
| 00:11:22 | 00:11:26 | a couple playlists down there there's |
| 00:11:24 | 00:11:27 | gonna be two in there of challenges that |
| 00:11:26 | 00:11:29 | I did on this channel where I launched |
| 00:11:27 | 00:11:31 | the funnel literally on the click |
| 00:11:29 | 00:11:33 | funnels 14-day free trial and was making |
| 00:11:31 | 00:11:35 | money paying for the software and |
| 00:11:33 | 00:11:36 | actually making a profit in the business |
| 00:11:35 | 00:11:38 | so make sure you guys check that out |
| 00:11:36 | 00:11:39 | after you watch today's video so that's |
| 00:11:38 | 00:11:42 | gonna be the first expense that you need |
| 00:11:39 | 00:11:45 | is the $97 per month click funnels |
| 00:11:42 | 00:11:46 | account now I kind of want to throw this |
| 00:11:45 | 00:11:48 | back to you ally is like because you |
| 00:11:46 | 00:11:50 | kind of if you found me through the case |
| 00:11:48 | 00:11:52 | study he found one of our case studies I |
| 00:11:50 | 00:11:54 | did where I launched a funnel we made |
| 00:11:52 | 00:11:56 | like six six seven hundred dollars in a |
| 00:11:54 | 00:11:59 | day and that's when he started using |
| 00:11:56 | 00:12:01 | sales funnels for for his businesses |
| 00:11:59 | 00:12:02 | specifically click funnels so just to |
| 00:12:01 | 00:12:03 | kind of give people perspective because |
| 00:12:02 | 00:12:05 | there's gonna be people that are like |
| 00:12:03 | 00:12:06 | you know completely new when you cuz did |
| 00:12:05 | 00:12:08 | you get stiker shock because I know a |
| 00:12:06 | 00:12:10 | lot of people are like oh man $97 when I |
| 00:12:08 | 00:12:11 | don't do this but then when you look at |
| 00:12:10 | 00:12:14 | your Shopify stores really well you're |
| 00:12:11 | 00:12:15 | spending like $300 a month a month here |
| 00:12:14 | 00:12:17 | but it doesn't feel like that because |
| 00:12:15 | 00:12:19 | all of these tools are like oh it's only |
| 00:12:17 | 00:12:21 | two dollars a month 3i but all those |
| 00:12:19 | 00:12:22 | things they do add up right so I'm |
| 00:12:21 | 00:12:24 | curious to see like what was your |
| 00:12:22 | 00:12:26 | transition did you kind of shut your |
| 00:12:24 | 00:12:28 | Shopify store down get rid of all those |
| 00:12:26 | 00:12:30 | apps and then just go all in on funnels |
| 00:12:28 | 00:12:33 | or did how did you kind of start testing |
| 00:12:30 | 00:12:36 | that so I was I was testing this one |
| 00:12:33 | 00:12:38 | product and I left my Shopify store on I |
| 00:12:36 | 00:12:41 | was just I was just kind of frustrated |
| 00:12:38 | 00:12:43 | with Shopify my Shopify store at least |
| 00:12:41 | 00:12:45 | and I just left it on just so that they |
| 00:12:43 | 00:12:47 | could whatever I didn't want to go to |
| 00:12:45 | 00:12:49 | the hassle of shutting it off or |
| 00:12:47 | 00:12:53 | whatever I was too lazy so I put up a |
| 00:12:49 | 00:12:55 | funnel for it I use the 14-day free |
| 00:12:53 | 00:12:57 | trial for click funnels and I put the |
| 00:12:55 | 00:12:59 | funnel for the same product as my |
| 00:12:57 | 00:13:01 | Shopify store I in fact tried to make it |
| 00:12:59 | 00:13:05 | look like a store but I removed all of |
| 00:13:01 | 00:13:07 | the distractions from it to mention is |
| 00:13:05 | 00:13:09 | also that you can make these funnels |
| 00:13:07 | 00:13:12 | look however you want right you have |
| 00:13:09 | 00:13:13 | full control of your business you're not |
| 00:13:12 | 00:13:14 | you don't need a bunch of themes or |
| 00:13:13 | 00:13:16 | anything like that like where you have |
| 00:13:14 | 00:13:19 | to pay even more stuff like you can make |
| 00:13:16 | 00:13:19 | it look however you like and um and on |
| 00:13:19 | 00:13:22 | my |
| 00:13:19 | 00:13:24 | I was sending traffic I was sending |
| 00:13:22 | 00:13:27 | influence or traffic every single day on |
| 00:13:24 | 00:13:32 | my Shopify store I would convert at one |
| 00:13:27 | 00:13:35 | percent bless on days and on my Shopify |
| 00:13:32 | 00:13:37 | store granted my offer wasn't great but |
| 00:13:35 | 00:13:40 | like that conversion rate went to ten |
| 00:13:37 | 00:13:43 | fifteen percent sealed right from one to |
| 00:13:40 | 00:13:45 | fifteen and then that's when I truly |
| 00:13:43 | 00:13:52 | started seeing some margin coming like |
| 00:13:45 | 00:13:53 | there was money coming in my back a |
| 00:13:52 | 00:13:55 | hundred people I like out of a hundred |
| 00:13:53 | 00:13:57 | people one person bought my Shopify |
| 00:13:55 | 00:13:59 | store and 10 to 15 people bought for my |
| 00:13:57 | 00:14:01 | funnel but it makes a difference because |
| 00:13:59 | 00:14:05 | that's amping let's say my product was |
| 00:14:01 | 00:14:08 | about thirty bucks right and I'm paying |
| 00:14:05 | 00:14:11 | an influencer a hundred to promote right |
| 00:14:08 | 00:14:12 | I need three sales plus a little bit |
| 00:14:11 | 00:14:15 | extra to cover the cost of the product |
| 00:14:12 | 00:14:18 | correct I wouldn't cover the cost of the |
| 00:14:15 | 00:14:20 | product but with a funnel yeah I get ten |
| 00:14:18 | 00:14:22 | sales three to cover the cost of the |
| 00:14:20 | 00:14:26 | product to cover the cost of the ad now |
| 00:14:22 | 00:14:28 | a five that's money yeah and we didn't |
| 00:14:26 | 00:14:30 | even get to the upsells because then my |
| 00:14:28 | 00:14:33 | upsells granted back in the day I I |
| 00:14:30 | 00:14:35 | wasn't completely immerse okay I just |
| 00:14:33 | 00:14:39 | threw it up after seeing your challenge |
| 00:14:35 | 00:14:42 | but when we started adding upsells and a |
| 00:14:39 | 00:14:43 | continuity program like that just like |
| 00:14:42 | 00:14:45 | that that's if you think about it that's |
| 00:14:43 | 00:14:49 | free money because all of your cost was |
| 00:14:45 | 00:14:52 | covered on the front end and people will |
| 00:14:49 | 00:14:54 | never truly realize how powerful that is |
| 00:14:52 | 00:14:57 | and how how much people will sleep |
| 00:14:54 | 00:15:00 | better and I knowing that they have all |
| 00:14:57 | 00:15:01 | of this extra cash that they can use to |
| 00:15:00 | 00:15:04 | reinvest and grow their business even if |
| 00:15:01 | 00:15:06 | they even if they've reached a certain |
| 00:15:04 | 00:15:09 | point at scale they have money that they |
| 00:15:06 | 00:15:11 | can now take home and and that's that |
| 00:15:09 | 00:15:14 | money that comes from your up cells from |
| 00:15:11 | 00:15:16 | your continuity from from cross selling |
| 00:15:14 | 00:15:17 | from building a list that's that that's |
| 00:15:16 | 00:15:19 | the money that will allow you to quit |
| 00:15:17 | 00:15:23 | your job not your front end I don't |
| 00:15:19 | 00:15:24 | think like this is why I like started |
| 00:15:23 | 00:15:26 | this channels because like a lot of |
| 00:15:24 | 00:15:27 | people don't realize like you can lose |
| 00:15:26 | 00:15:29 | money on the front end first product |
| 00:15:27 | 00:15:31 | right you can it's okay right there's |
| 00:15:29 | 00:15:33 | companies that that's all they do they |
| 00:15:31 | 00:15:33 | because they understand that the back |
| 00:15:33 | 00:15:35 | end |
| 00:15:33 | 00:15:37 | business is where all the real money's |
| 00:15:35 | 00:15:38 | made a lot of you that are just thinking |
| 00:15:37 | 00:15:40 | about starting dropshipping you're like |
| 00:15:38 | 00:15:42 | oil products product right it's it's not |
| 00:15:40 | 00:15:43 | necessarily like that's not the |
| 00:15:42 | 00:15:44 | important part |
| 00:15:43 | 00:15:46 | yeah it's important to have a good |
| 00:15:44 | 00:15:48 | product that you're gonna be selling to |
| 00:15:46 | 00:15:49 | a niche group of people but you also |
| 00:15:48 | 00:15:52 | need to make sure the mechanism that |
| 00:15:49 | 00:15:52 | you're using is is its profitable for |
| 00:15:52 | 00:15:54 | you because a lot of people think like |
| 00:15:52 | 00:15:55 | oh with the shop price or even though |
| 00:15:54 | 00:15:57 | they're making sales on this product |
| 00:15:55 | 00:15:59 | those so-called a loser because it's not |
| 00:15:57 | 00:16:01 | enough sales right they'll be like oh |
| 00:15:59 | 00:16:03 | it's not enough sales but that's not the |
| 00:16:01 | 00:16:05 | case it's like how about you monetize |
| 00:16:03 | 00:16:08 | those sales that you are getting better |
| 00:16:05 | 00:16:09 | right and then turn it profitable that |
| 00:16:08 | 00:16:11 | way and that's what the funnel allows |
| 00:16:09 | 00:16:12 | you to do at all like we're toking |
| 00:16:11 | 00:16:13 | about continuity now I'm just gonna tok |
| 00:16:12 | 00:16:16 | you know speak about that like |
| 00:16:13 | 00:16:18 | continuity it comes built into |
| 00:16:16 | 00:16:19 | clickfunnels already so basically you |
| 00:16:18 | 00:16:21 | could put people on a monthly |
| 00:16:19 | 00:16:23 | reoccurring payment plan where they pay |
| 00:16:21 | 00:16:26 | you on a monthly basis so kinda like |
| 00:16:23 | 00:16:28 | barkbox Dollar Shave Club it's actually |
| 00:16:26 | 00:16:30 | funny a little quick story about |
| 00:16:28 | 00:16:32 | continuity and how I really like started |
| 00:16:30 | 00:16:34 | doing this so I remember when I was |
| 00:16:32 | 00:16:37 | living you know I was you know in the |
| 00:16:34 | 00:16:39 | older house that I was at and I remember |
| 00:16:37 | 00:16:41 | going outside well then this was when I |
| 00:16:39 | 00:16:42 | was like getting started with my fishing |
| 00:16:41 | 00:16:44 | business and I went outside to get the |
| 00:16:42 | 00:16:46 | mail one day and I saw like you know my |
| 00:16:44 | 00:16:49 | girlfriend at the time wife now had just |
| 00:16:46 | 00:16:52 | gotten a I think it was like what was |
| 00:16:49 | 00:16:53 | that big makeup one birch box was that |
| 00:16:52 | 00:16:55 | it was that and this is when |
| 00:16:53 | 00:16:57 | subscription was like so kind of like |
| 00:16:55 | 00:16:59 | like not everyone was doing it wasn't |
| 00:16:57 | 00:17:01 | like fabfitfun was around then I think |
| 00:16:59 | 00:17:03 | Dollar Shave Club was around then but |
| 00:17:01 | 00:17:05 | like you know with you know a lot of the |
| 00:17:03 | 00:17:07 | big ones weren't in existence and I like |
| 00:17:05 | 00:17:08 | picked it up and I was like crap look |
| 00:17:07 | 00:17:10 | why why are we not doing something like |
| 00:17:08 | 00:17:11 | this isn't that hard to pull off right |
| 00:17:10 | 00:17:13 | they're just putting a bunch of samples |
| 00:17:11 | 00:17:14 | in these boxes and sending it to |
| 00:17:13 | 00:17:16 | customers and I was like oh my god let's |
| 00:17:14 | 00:17:17 | go see you like can this be done and |
| 00:17:16 | 00:17:19 | that's when we started you know putting |
| 00:17:17 | 00:17:20 | in these continuity pieces into our |
| 00:17:19 | 00:17:22 | funnels and you could do this right |
| 00:17:20 | 00:17:23 | inside the funnel with in one click and |
| 00:17:22 | 00:17:25 | I think a lot of people miss that |
| 00:17:23 | 00:17:27 | because a lot of people would Shopify |
| 00:17:25 | 00:17:29 | and one of you guys might be coming |
| 00:17:27 | 00:17:31 | hanging on this wall I could have |
| 00:17:29 | 00:17:33 | funnels inside Shopify well a lot of the |
| 00:17:31 | 00:17:36 | funnels really the only one I see that |
| 00:17:33 | 00:17:38 | has post purchase upsell capabilities |
| 00:17:36 | 00:17:40 | there's a few out there but like the one |
| 00:17:38 | 00:17:42 | that I've used and I still recommend |
| 00:17:40 | 00:17:44 | using in a shop Pfizer in conjunction of |
| 00:17:42 | 00:17:47 | the funnel is the zip if I you know one |
| 00:17:44 | 00:17:50 | click up so I do recommend having that |
| 00:17:47 | 00:17:52 | but it comes it's also expensive I think |
| 00:17:50 | 00:17:55 | it's like $50 a month plus they take |
| 00:17:52 | 00:17:56 | like three percent of your money which |
| 00:17:55 | 00:17:58 | is ridiculous but it's still worth |
| 00:17:56 | 00:18:01 | having right but it's not gonna save |
| 00:17:58 | 00:18:04 | your store right any means right but a |
| 00:18:01 | 00:18:06 | lot of people do you know the the apps |
| 00:18:04 | 00:18:08 | where it's like ah it's they upsell |
| 00:18:06 | 00:18:09 | before you get to your cart page right |
| 00:18:08 | 00:18:10 | or before you get to the checkout page |
| 00:18:09 | 00:18:12 | which is terrible |
| 00:18:10 | 00:18:14 | all right guys because by the time they |
| 00:18:12 | 00:18:15 | let's say you they addict prior to the |
| 00:18:14 | 00:18:17 | cart and then you're like oh well how |
| 00:18:15 | 00:18:18 | about this this this is and they're like |
| 00:18:17 | 00:18:20 | yes yes yes yes and then they get to the |
| 00:18:18 | 00:18:21 | car page and they're like well I ain't |
| 00:18:20 | 00:18:22 | buying all this right and then they're |
| 00:18:21 | 00:18:24 | gone right that's why I lighter your |
| 00:18:22 | 00:18:26 | conversion sock right so with it with |
| 00:18:24 | 00:18:27 | the funnel right they buy the product |
| 00:18:26 | 00:18:29 | then you get presented the upsell which |
| 00:18:27 | 00:18:31 | is one click where I take dis click yes |
| 00:18:29 | 00:18:33 | and they automatikally get billed |
| 00:18:31 | 00:18:35 | there's no cart that carts don't exist |
| 00:18:33 | 00:18:36 | in funnels right it's it's a sales |
| 00:18:35 | 00:18:38 | process it's like when you go into a |
| 00:18:36 | 00:18:40 | Best Buy store it's funny one of my |
| 00:18:38 | 00:18:42 | first job was at Circuit City and the |
| 00:18:40 | 00:18:43 | guys always like at the TV place and |
| 00:18:42 | 00:18:44 | always made the most money because they |
| 00:18:43 | 00:18:46 | were on pure Commission so when a |
| 00:18:44 | 00:18:47 | customer come into the store and they |
| 00:18:46 | 00:18:49 | want a new TV they're like okay well |
| 00:18:47 | 00:18:50 | yeah what kind TV you want okay boom oh |
| 00:18:49 | 00:18:52 | you want this universal remote okay cool |
| 00:18:50 | 00:18:53 | how about the blu-ray player right and |
| 00:18:52 | 00:18:55 | then how about the warranties how about |
| 00:18:53 | 00:18:57 | all this and it's like all happening at |
| 00:18:55 | 00:18:59 | the point of purchase after the customer |
| 00:18:57 | 00:19:01 | has already been taking to the you know |
| 00:18:59 | 00:19:02 | the cash register right oh you want the |
| 00:19:01 | 00:19:05 | warranty and how about all these other |
| 00:19:02 | 00:19:06 | things right oh do want the delivery do |
| 00:19:05 | 00:19:08 | you want to install oh how about a wall |
| 00:19:06 | 00:19:09 | Matt you have a wall mount at home right |
| 00:19:08 | 00:19:11 | like all those things and this is what |
| 00:19:09 | 00:19:12 | the funnel allows you to do it's like a |
| 00:19:11 | 00:19:14 | whole different mindset shift of how you |
| 00:19:12 | 00:19:16 | sell products where it's not like let's |
| 00:19:14 | 00:19:18 | just load up a store with a bunch of |
| 00:19:16 | 00:19:21 | random random products two random niches |
| 00:19:18 | 00:19:23 | and random variables and hoping people |
| 00:19:21 | 00:19:25 | buy from us instead being like take the |
| 00:19:23 | 00:19:27 | easy way out guys that's why I want you |
| 00:19:25 | 00:19:29 | guys to be successful into 2020 and 2030 |
| 00:19:27 | 00:19:33 | and 40 right is like just pick one |
| 00:19:29 | 00:19:34 | really good selling product right plug |
| 00:19:33 | 00:19:37 | it into a funnel and focus on getting |
| 00:19:34 | 00:19:40 | and optimizing that specific product and |
| 00:19:37 | 00:19:42 | all you need to start your business is a |
| 00:19:40 | 00:19:45 | click funnels account the only other |
| 00:19:42 | 00:19:48 | expenses I can I see when getting |
| 00:19:45 | 00:19:48 | started is going to be like a domain and |
| 00:19:48 | 00:19:50 | you don't even need one coz click |
| 00:19:48 | 00:19:53 | funnels gives you a domain I actually |
| 00:19:50 | 00:19:55 | did the challenge on on the free domain |
| 00:19:53 | 00:19:57 | but I did buy a business email address |
| 00:19:55 | 00:19:58 | and that's like a dollar a month right |
| 00:19:57 | 00:19:59 | I'm pretty sure you can get it like for |
| 00:19:58 | 00:20:01 | free if you use like you know |
| 00:19:59 | 00:20:03 | google domain if you buy your domain |
| 00:20:01 | 00:20:04 | from Google I always use GoDaddy |
| 00:20:03 | 00:20:07 | personally though but what other what |
| 00:20:04 | 00:20:08 | other expenses do you see necessary |
| 00:20:07 | 00:20:11 | right because we have clickfunnels which |
| 00:20:08 | 00:20:12 | is 97 a month plus domain and a domain |
| 00:20:11 | 00:20:14 | email address to you know support email |
| 00:20:12 | 00:20:17 | address so you're not using and you look |
| 00:20:14 | 00:20:18 | more legit instead of using a gmail one |
| 00:20:17 | 00:20:21 | of those are expenses do you think |
| 00:20:18 | 00:20:24 | people needs a budget so this depends on |
| 00:20:21 | 00:20:26 | where you were at if you're somebody who |
| 00:20:24 | 00:20:29 | like I would never there's some cost |
| 00:20:26 | 00:20:31 | that I would never recommend you get |
| 00:20:29 | 00:20:32 | stuck with for example I would pay |
| 00:20:31 | 00:20:35 | somebody to take really good photos of |
| 00:20:32 | 00:20:37 | my products and so that so because I've |
| 00:20:35 | 00:20:38 | seen that the follow converts better |
| 00:20:37 | 00:20:49 | with that but it's not something that |
| 00:20:38 | 00:20:53 | you need to put in it's not like you |
| 00:20:49 | 00:20:56 | needed this product no yeah right so you |
| 00:20:53 | 00:20:58 | know you can leverage you know you can |
| 00:20:56 | 00:21:00 | leverage you know you know graphic |
| 00:20:58 | 00:21:02 | design people to make things look good |
| 00:21:00 | 00:21:03 | right you can yeah you might have to |
| 00:21:02 | 00:21:05 | send them your product to kind of like |
| 00:21:03 | 00:21:07 | take it really and take nice pictures |
| 00:21:05 | 00:21:10 | but so what did you do you actually |
| 00:21:07 | 00:21:13 | hired somebody to take you take you good |
| 00:21:10 | 00:21:15 | so I found influencer on Instagram and |
| 00:21:13 | 00:21:17 | this thing for once I hadn't blown up |
| 00:21:15 | 00:21:19 | too much so I just sent the person the |
| 00:21:17 | 00:21:21 | product and then send them like $20 to |
| 00:21:19 | 00:21:23 | give me like five to six really good |
| 00:21:21 | 00:21:25 | photos of the product and the influencer |
| 00:21:23 | 00:21:28 | being used in the lifestyle situation |
| 00:21:25 | 00:21:30 | the way that you tell us to do so |
| 00:21:28 | 00:21:32 | because it works and so that's like |
| 00:21:30 | 00:21:34 | let's say that's 20 bucks right I'm just |
| 00:21:32 | 00:21:38 | trying to consider all of the costs that |
| 00:21:34 | 00:21:39 | go into it and then once your funnel is |
| 00:21:38 | 00:21:43 | done I don't think there is anything |
| 00:21:39 | 00:21:45 | else you need besides email which you |
| 00:21:43 | 00:21:48 | know cuz yeah you you should have like a |
| 00:21:45 | 00:21:50 | good support domain and stuff like that |
| 00:21:48 | 00:21:51 | just so that because you should go into |
| 00:21:50 | 00:21:53 | the mindset of building a real business |
| 00:21:51 | 00:21:59 | right |
| 00:21:53 | 00:22:01 | and then traffic as far as tools go the |
| 00:21:59 | 00:22:02 | only thing you're gonna need and kind of |
| 00:22:01 | 00:22:04 | like you're running budget is gonna be a |
| 00:22:02 | 00:22:07 | click funnels count in $97 a month |
| 00:22:04 | 00:22:08 | domains and then you know that's about |
| 00:22:07 | 00:22:10 | like 10 12 bucks |
| 00:22:08 | 00:22:13 | and you'd it's not completely necessary |
| 00:22:10 | 00:22:16 | but also is going to be your biggest |
| 00:22:13 | 00:22:18 | is going to be traffic right now there's |
| 00:22:16 | 00:22:20 | you can go right into Facebook ads right |
| 00:22:18 | 00:22:23 | usually I recommend you have some money |
| 00:22:20 | 00:22:25 | to spare there at least a thousand bucks |
| 00:22:23 | 00:22:28 | two thousand bucks because you know |
| 00:22:25 | 00:22:30 | Facebook is a data-driven platform so |
| 00:22:28 | 00:22:32 | it's gonna want buyers right the more |
| 00:22:30 | 00:22:34 | buyers you have the more buyers Facebook |
| 00:22:32 | 00:22:35 | can identify in the Facebook ecosystem |
| 00:22:34 | 00:22:37 | the better they're gonna be able to |
| 00:22:35 | 00:22:40 | serve as other people that are like your |
| 00:22:37 | 00:22:42 | buyers as well so if you have the money |
| 00:22:40 | 00:22:43 | to spare right absolutely go with |
| 00:22:42 | 00:22:45 | Facebook Ads you'll see some quicker |
| 00:22:43 | 00:22:48 | results however one of the strategies |
| 00:22:45 | 00:22:50 | that we love using is is influencers |
| 00:22:48 | 00:22:51 | right using influencers and if you don't |
| 00:22:50 | 00:22:53 | know what an influencer is it's |
| 00:22:51 | 00:22:54 | essentially anybody it's not just |
| 00:22:53 | 00:22:56 | Instagram but a lot of people think it |
| 00:22:54 | 00:22:57 | says Instagram but anybody that has the |
| 00:22:56 | 00:22:59 | eyeballs of your perfect customer that |
| 00:22:57 | 00:23:02 | means people that own big email lists |
| 00:22:59 | 00:23:04 | YouTube channels blogs reddit groups |
| 00:23:02 | 00:23:06 | Facebook groups like anywhere where |
| 00:23:04 | 00:23:08 | there people are congregating online and |
| 00:23:06 | 00:23:10 | you could somehow place your product in |
| 00:23:08 | 00:23:12 | front of them so what do you think a |
| 00:23:10 | 00:23:15 | budget is for that and kind of like |
| 00:23:12 | 00:23:16 | what's your strategy for launching a |
| 00:23:15 | 00:23:19 | let's say you're launching a new product |
| 00:23:16 | 00:23:19 | today with with influencers how much do |
| 00:23:19 | 00:23:22 | you budget |
| 00:23:19 | 00:23:24 | so for influencer or marketing just to |
| 00:23:22 | 00:23:28 | kind of see results - for you to be able |
| 00:23:24 | 00:23:30 | to invest more in it I would keep a 250 |
| 00:23:28 | 00:23:35 | to 500 dollars aside for influencer |
| 00:23:30 | 00:23:36 | marketing and now within our program we |
| 00:23:35 | 00:23:38 | teach them how to get influencer |
| 00:23:36 | 00:23:39 | shoutouts for free but just by sending |
| 00:23:38 | 00:23:41 | the product we have the scripts and |
| 00:23:39 | 00:23:43 | stuff like that there are ways that you |
| 00:23:41 | 00:23:45 | can get free shoutouts for sending the |
| 00:23:43 | 00:23:48 | product but if you want to get hit the |
| 00:23:45 | 00:23:50 | ground running you pay a flat rate and |
| 00:23:48 | 00:23:52 | then there's different ways to negotiate |
| 00:23:50 | 00:23:54 | that there are different influences you |
| 00:23:52 | 00:23:57 | should never overpay for your influence |
| 00:23:54 | 00:23:58 | or shoutouts because you know you need |
| 00:23:57 | 00:24:01 | to be able to calculate that looking at |
| 00:23:58 | 00:24:05 | engagement and whatnot but about I would |
| 00:24:01 | 00:24:07 | say 250 to 500 dollars and I pay like if |
| 00:24:05 | 00:24:09 | it's an if it's a real influencer if |
| 00:24:07 | 00:24:12 | it's a person and our mean page I've |
| 00:24:09 | 00:24:14 | averaged about you know anywhere from |
| 00:24:12 | 00:24:17 | thirty to sixty dollars per post if it's |
| 00:24:14 | 00:24:18 | a flat rate and if it's a decent-size |
| 00:24:17 | 00:24:21 | influencer and if it's a mean page I |
| 00:24:18 | 00:24:23 | usually end up paying lower because when |
| 00:24:21 | 00:24:25 | you're starting out you want you don't |
| 00:24:23 | 00:24:27 | want to hit like somebody with 607 a |
| 00:24:25 | 00:24:30 | thousand followers you can |
| 00:24:27 | 00:24:32 | want to stik to the 10,000 to 100,000 |
| 00:24:30 | 00:24:33 | followers because those are more laser |
| 00:24:32 | 00:24:36 | targeted niches that you can follow so |
| 00:24:33 | 00:24:38 | when you use that pricing with that kind |
| 00:24:36 | 00:24:40 | of range of influencers I think 250 to |
| 00:24:38 | 00:24:43 | 500 dollars gives you enough of a |
| 00:24:40 | 00:24:44 | testing cushion to see if you have a |
| 00:24:43 | 00:24:47 | converting funnel and a converting offer |
| 00:24:44 | 00:24:49 | 100% and if you guys are interested in |
| 00:24:47 | 00:24:50 | seeing if you're a good fit to work with |
| 00:24:49 | 00:24:51 | us a little bit more closely you can |
| 00:24:50 | 00:24:53 | actually book a free call with us |
| 00:24:51 | 00:24:55 | we can see hey you know how can we help |
| 00:24:53 | 00:24:57 | you out with your new or existing |
| 00:24:55 | 00:24:58 | ecommerce business beginners of course |
| 00:24:57 | 00:25:00 | completely welcome we'll leave it - |
| 00:24:58 | 00:25:02 | we'll leave a link for that down in the |
| 00:25:00 | 00:25:03 | description of this video so kind of a |
| 00:25:02 | 00:25:05 | running total that we have here right we |
| 00:25:03 | 00:25:06 | have the software that we use this |
| 00:25:05 | 00:25:09 | clickfunnels right now is that's the |
| 00:25:06 | 00:25:11 | software that handles all of it which is |
| 00:25:09 | 00:25:13 | fantastik I have not found a better tool |
| 00:25:11 | 00:25:14 | I'm not you know and I think this is |
| 00:25:13 | 00:25:16 | something we're toking about here we're |
| 00:25:14 | 00:25:18 | here at a you know private mastermind |
| 00:25:16 | 00:25:20 | event and you know it's it's you know |
| 00:25:18 | 00:25:22 | hosted by click funnels but you know you |
| 00:25:20 | 00:25:24 | know it's not like you know what if |
| 00:25:22 | 00:25:25 | click funnels goes away right the the |
| 00:25:24 | 00:25:27 | logic still stays it stays the same we |
| 00:25:25 | 00:25:28 | figure it out we move forward click |
| 00:25:27 | 00:25:30 | funnels are just the easiest we want to |
| 00:25:28 | 00:25:33 | be up and running you know within a day |
| 00:25:30 | 00:25:35 | right so we have a click funnels down we |
| 00:25:33 | 00:25:36 | have some software and then budgeting |
| 00:25:35 | 00:25:38 | around two hundred and fifty dollars so |
| 00:25:36 | 00:25:41 | let's say you know how much is that you |
| 00:25:38 | 00:25:43 | know 350 total for for a new business |
| 00:25:41 | 00:25:45 | and I think that is amazing if you can't |
| 00:25:43 | 00:25:48 | come up with you know 350 then you know |
| 00:25:45 | 00:25:50 | you know go get a job go do stuff to |
| 00:25:48 | 00:25:52 | make some money right because to be able |
| 00:25:50 | 00:25:54 | to start a brand new business and we |
| 00:25:52 | 00:25:56 | live in such an amazing age event like |
| 00:25:54 | 00:25:57 | it's so cool like you can actually go |
| 00:25:56 | 00:26:00 | and start testing and validating your |
| 00:25:57 | 00:26:03 | ideas for under 300 or under 400 dollars |
| 00:26:00 | 00:26:05 | even under $1,000 right the ten years |
| 00:26:03 | 00:26:07 | ago even five years ago doing things |
| 00:26:05 | 00:26:09 | like this was completely impossible |
| 00:26:07 | 00:26:11 | right we have so much opportunity now |
| 00:26:09 | 00:26:12 | but with a lot of opportunity comes a |
| 00:26:11 | 00:26:14 | lot more you know accessibility to |
| 00:26:12 | 00:26:16 | people so you know that's why we |
| 00:26:14 | 00:26:18 | encourage you guys like make sure you |
| 00:26:16 | 00:26:20 | like you keep educating you keep on the |
| 00:26:18 | 00:26:21 | forefront of things because you want to |
| 00:26:20 | 00:26:21 | be able to separate yourself or from |
| 00:26:21 | 00:26:24 | everybody |
| 00:26:21 | 00:26:25 | everybody else right because we see it |
| 00:26:24 | 00:26:26 | time and time again a lot of our |
| 00:26:25 | 00:26:28 | students that come inside our e-commerce |
| 00:26:26 | 00:26:30 | Empire Academy or inner circle students |
| 00:26:28 | 00:26:32 | are coming from you Shopify stores or |
| 00:26:30 | 00:26:34 | Amazon FBA sellers that I've struggled |
| 00:26:32 | 00:26:36 | right they relate to my stories of you |
| 00:26:34 | 00:26:38 | know a mazzaglia never be able to pair |
| 00:26:36 | 00:26:40 | stuff from Amazon if babies it's never |
| 00:26:38 | 00:26:41 | being able to pay myself from a from a |
| 00:26:40 | 00:26:43 | Shopify business |
| 00:26:41 | 00:26:44 | honestly guys definitely if you're |
| 00:26:43 | 00:26:46 | thinking about starting a dropper to do |
| 00:26:44 | 00:26:46 | business in 2019 2020 whenever you're |
| 00:26:46 | 00:26:48 | watching this |
| 00:26:46 | 00:26:50 | 100% do it it's the one of the best ways |
| 00:26:48 | 00:26:52 | to get started in business and just |
| 00:26:50 | 00:26:54 | build up cash flow so now real quick |
| 00:26:52 | 00:26:56 | we're gonna quickly end this shortly but |
| 00:26:54 | 00:26:57 | next steps right because a lot of people |
| 00:26:56 | 00:26:59 | you know they don't realize that you |
| 00:26:57 | 00:27:00 | know drop shipping has a lot of pros it |
| 00:26:59 | 00:27:02 | has a lot of cons right one of the |
| 00:27:00 | 00:27:03 | biggest cons and drop shipping is |
| 00:27:02 | 00:27:07 | product quality you're not gonna be able |
| 00:27:03 | 00:27:08 | necessarily know what it is right you |
| 00:27:07 | 00:27:10 | might get some samples from your |
| 00:27:08 | 00:27:11 | supplier but then you don't know if |
| 00:27:10 | 00:27:13 | that's what they're sending to your |
| 00:27:11 | 00:27:15 | customer right always order your own |
| 00:27:13 | 00:27:16 | products from your supplier do not sell |
| 00:27:15 | 00:27:18 | stuff to your customers if you're not |
| 00:27:16 | 00:27:20 | validating it that's so unethical how |
| 00:27:18 | 00:27:22 | would you like it doesn't make any sense |
| 00:27:20 | 00:27:23 | right and that's not a lot of people and |
| 00:27:22 | 00:27:25 | drop shipping right they're not real |
| 00:27:23 | 00:27:26 | business owners right a real business |
| 00:27:25 | 00:27:28 | owner they take pride in what they do |
| 00:27:26 | 00:27:29 | they would order their own products they |
| 00:27:28 | 00:27:30 | would take their own products they would |
| 00:27:29 | 00:27:32 | use their own products not just sell |
| 00:27:30 | 00:27:34 | random stuff to like pull one over |
| 00:27:32 | 00:27:37 | that's why a lot of people drops you |
| 00:27:34 | 00:27:38 | don't belong in it but once you start |
| 00:27:37 | 00:27:40 | building up some cash flow with your |
| 00:27:38 | 00:27:42 | drop shooting business the next step is |
| 00:27:40 | 00:27:44 | to really move towards a brand right |
| 00:27:42 | 00:27:46 | actually sourcing your products from |
| 00:27:44 | 00:27:49 | like you know a Chinese manufacturer or |
| 00:27:46 | 00:27:51 | a stateside manufacturer or wherever you |
| 00:27:49 | 00:27:52 | have manufacturers and branding it right |
| 00:27:51 | 00:27:54 | creating a real brand for yourself |
| 00:27:52 | 00:27:55 | something that's sellable for you in the |
| 00:27:54 | 00:27:58 | future right you're not necessarily |
| 00:27:55 | 00:27:59 | gonna be able to sell just a random drop |
| 00:27:58 | 00:28:00 | shipping business that doesn't have a |
| 00:27:59 | 00:28:02 | brand associated with it remember to |
| 00:28:00 | 00:28:05 | this right people when they buy |
| 00:28:02 | 00:28:07 | companies it's not always hey what's |
| 00:28:05 | 00:28:09 | your net profit right it's usually gonna |
| 00:28:07 | 00:28:11 | be hey what's the customer list right do |
| 00:28:09 | 00:28:12 | you have loyal customer following right |
| 00:28:11 | 00:28:13 | cuz that's where the real money is and |
| 00:28:12 | 00:28:15 | that's what actually a funnel allows you |
| 00:28:13 | 00:28:17 | to do because you're creating customers |
| 00:28:15 | 00:28:18 | quickly you're building up your email as |
| 00:28:17 | 00:28:20 | you're building up prospects really |
| 00:28:18 | 00:28:21 | really fast so keep that in the back |
| 00:28:20 | 00:28:23 | your mind build up cash flow drop |
| 00:28:21 | 00:28:25 | shipping it's a low risk low cost for |
| 00:28:23 | 00:28:26 | you to get started but then keeping them |
| 00:28:25 | 00:28:27 | back in your mind that you know what |
| 00:28:26 | 00:28:29 | this isn't the end goal the end goal is |
| 00:28:27 | 00:28:32 | for you to build a real brand for your |
| 00:28:29 | 00:28:33 | business so that's really all I have for |
| 00:28:32 | 00:28:35 | for today's video do you have anything |
| 00:28:33 | 00:28:37 | else you want to add if you guys again |
| 00:28:35 | 00:28:38 | want to book a call with us and see if |
| 00:28:37 | 00:28:40 | you're a good fit to work with us and |
| 00:28:38 | 00:28:41 | other seven-figure coaches that we have |
| 00:28:40 | 00:28:44 | on the e-commerce Empire builders make |
| 00:28:41 | 00:28:45 | sure you are you click down below in the |
| 00:28:44 | 00:28:47 | description of this video you'll see a |
| 00:28:45 | 00:28:50 | book calling plus you'll get even a free |
| 00:28:47 | 00:28:52 | 7 figure case study and if you're not |
| 00:28:50 | 00:28:53 | already subscribe to gentle smash that |
| 00:28:52 | 00:28:54 | little subscribe button it hits a little |
| 00:28:53 | 00:28:55 | notification bow on |
| 00:28:54 | 00:28:57 | and smash the like button let us know |
| 00:28:55 | 00:28:58 | did you enjoy his content did you like |
| 00:28:57 | 00:29:00 | Ally here alright I actually want to |
| 00:28:58 | 00:29:01 | know did you guys enjoy this because |
| 00:29:00 | 00:29:03 | Ally here was a little bit nervous |
| 00:29:01 | 00:29:04 | getting a little bit nervous he's trying |
| 00:29:03 | 00:29:06 | to make me walk around the conference to |
| 00:29:04 | 00:29:08 | do these things by myself so we brought |
| 00:29:06 | 00:29:10 | him on I know you guys love having Ally |
| 00:29:08 | 00:29:12 | on here he's one of our coaches as well |
| 00:29:10 | 00:29:13 | it's truly amazing to see how far how |
| 00:29:12 | 00:29:15 | far you've come |
| 00:29:13 | 00:29:16 | I mean just how you've blown up and with |
| 00:29:15 | 00:29:18 | influence or marketing and stuff like |
| 00:29:16 | 00:29:19 | that so if you guys enjoyed it smash the |
| 00:29:18 | 00:29:21 | like button and let us know down below |
| 00:29:19 | 00:29:24 | in the comments section now also enter |
| 00:29:21 | 00:29:25 | you in to win a free a free coaching |
| 00:29:24 | 00:29:27 | session with me and as this video ends |
| 00:29:25 | 00:29:28 | we'll actually put up one of our other |
| 00:29:27 | 00:29:30 | interviews because I think there was |
| 00:29:28 | 00:29:31 | some helpful stuff as as far as |
| 00:29:30 | 00:29:33 | influencer marketing goes so make sure |
| 00:29:31 | 00:29:34 | you check that in other interview out |
| 00:29:33 | 00:29:37 | with me and Ally cuz we go more |
| 00:29:34 | 00:29:38 | strategic in depth of how to use you |
| 00:29:37 | 00:29:40 | know influencer marketing to start |
| 00:29:38 | 00:29:41 | driving traffic and sales to your sales |
| 00:29:40 | 00:29:42 | funnel but guys that is it for today's |
| 00:29:41 | 00:29:44 | video I hope you have an absolutely |
| 00:29:42 | 00:29:47 | fantastik I see your day and remember |
| 00:29:44 | 00:29:47 | your empire starts now |
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