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The Truth On Why You're Not Profitable In Your Dropshipping Business...

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

The Truth On Why You're Not Profitable In Your Dropshipping Business...

The Truth On Why You're Not Profitable In Your Dropshipping Business...

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00:00:11 00:00:19 what is up Empire builders welcome back
00:00:14 00:00:23 to another episode so today this message
00:00:19 00:00:26 is going out to everybody struggling out
00:00:23 00:00:31 there with their online businesses like
00:00:26 00:00:34 so guys I'm in I'm in like all of these
00:00:31 00:00:36 Facebook groups and there's so much
00:00:34 00:00:38 noise in them it's like ridiculous like
00:00:36 00:00:39 I don't even like I just kind of like
00:00:38 00:00:41 when I'm on pace might just see all the
00:00:39 00:00:45 people complaining and and all that
00:00:41 00:00:49 stuff and it's like I feel so bad for
00:00:45 00:00:52 them like and I feel like people don't
00:00:49 00:00:54 understand like exactly it it's hard
00:00:52 00:00:57 because essentially I'm trying to
00:00:54 00:00:59 convince people that sales funnels are
00:00:57 00:01:01 the better alternative to going like
00:00:59 00:01:03 straight-up Shopify store front and a
00:01:01 00:01:04 lot of people don't want to believe it
00:01:03 00:01:05 they don't want to believe it they don't
00:01:04 00:01:07 understand what I'm even toking about
00:01:05 00:01:09 because they've been convinced of this
00:01:07 00:01:12 dream right that they could just throw
00:01:09 00:01:16 together a Shopify store and make money
00:01:12 00:01:18 right guys it doesn't work anymore it's
00:01:16 00:01:20 it doesn't work I see so many people the
00:01:18 00:01:22 way making $10,000 a month on Shopify
00:01:20 00:01:26 but they're not making a cent they're
00:01:22 00:01:28 not making a cent of profit at all right
00:01:26 00:01:31 because there's so much information
00:01:28 00:01:33 out there being fed to people right and
00:01:31 00:01:35 there's a ton of crap out there also
00:01:33 00:01:38 with people just selling crap courses of
00:01:35 00:01:40 just really Gurjit ated information over
00:01:38 00:01:44 and over again it's garbage
00:01:40 00:01:45 it's actually like it's like it did it
00:01:44 00:01:48 made me really want to just flip the
00:01:45 00:01:50 camera up and just tok about it because
00:01:48 00:01:53 I'm just like I create a video about it
00:01:50 00:01:55 like a video recently like our course is
00:01:53 00:01:58 a scam all that crap and like guys I
00:01:55 00:02:01 don't think courses are a scam right
00:01:58 00:02:03 like I don't think Oh goo ruse artists
00:02:01 00:02:05 are scammers right of course you know I
00:02:03 00:02:07 don't consider myself a guru I'm I'm a
00:02:05 00:02:08 person like I I'm a person on a journey
00:02:07 00:02:10 building businesses to like I'm not
00:02:08 00:02:12 somebody that just teaches them to I'm
00:02:10 00:02:15 doing this subject I'm trying to grow as
00:02:12 00:02:17 much as I can as well but the problem
00:02:15 00:02:19 becomes when these people are like not
00:02:17 00:02:21 actually doing it right I'm gonna be
00:02:19 00:02:23 honest with you guys 100% like creating
00:02:21 00:02:25 these videos that's right all have time
00:02:23 00:02:28 to edit this like I don't even know how
00:02:25 00:02:32 people like can run a business right and
00:02:28 00:02:33 also make like amazing video edits like
00:02:32 00:02:34 I don't understand it
00:02:33 00:02:36 like especially if and if they say they
00:02:34 00:02:38 do it all by themselves - I'm like what
00:02:36 00:02:41 how is that even humanly possible to
00:02:38 00:02:43 have that much like that's impossible
00:02:41 00:02:44 it's impossible to do that like I don't
00:02:43 00:02:45 believe it if somebody told me that like
00:02:44 00:02:48 that you could run a successful business
00:02:45 00:02:50 and at the same time creating videos
00:02:48 00:02:53 every single day editing them like all
00:02:50 00:02:55 beautiful with like aerial shots and all
00:02:53 00:02:57 that stuff I just don't see it guys
00:02:55 00:02:59 right and that's what it becomes a
00:02:57 00:03:00 problem right it's because people are
00:02:59 00:03:04 just taking advantage of other people
00:03:00 00:03:06 right right and teaching them crap
00:03:04 00:03:09 information right that's actually gonna
00:03:06 00:03:11 get them nowhere right I see it in like
00:03:09 00:03:13 the Shopify dropshipping space and I see
00:03:11 00:03:17 it with the Amazon FBA space that's
00:03:13 00:03:20 where it's prevalent right people like
00:03:17 00:03:22 guys like I don't like if you've
00:03:20 00:03:25 invested in Shopify course or Amazon
00:03:22 00:03:26 goes perfect guys I have to I have to
00:03:25 00:03:28 I've gone through shop of my courses
00:03:26 00:03:29 I've gone through through Amazon courses
00:03:28 00:03:32 with when I was first getting into all
00:03:29 00:03:35 this stuff I did it too right I don't
00:03:32 00:03:37 think courses are scam I just think it's
00:03:35 00:03:38 the people some people especially in
00:03:37 00:03:40 this YouTube community I think it's most
00:03:38 00:03:42 prevalent is people that are trying to
00:03:40 00:03:45 brand themselves as experts in a field
00:03:42 00:03:47 that they aren't an expert in just
00:03:45 00:03:49 because you sold like I see this YouTube
00:03:47 00:03:50 ad there's some guy right and he
00:03:49 00:03:53 actually sold the same product that my
00:03:50 00:03:55 friend and I did it was like the Eagles
00:03:53 00:03:57 mask and he's like how are you forty
00:03:55 00:03:59 thousand dollars in three days dude like
00:03:57 00:04:01 you didn't you you yeah you made that
00:03:59 00:04:03 money but you're nothing now like I'm
00:04:01 00:04:04 sorry I'll call you out if I knew your
00:04:03 00:04:07 name I don't even care anymore because
00:04:04 00:04:09 it's like such a bull right just because
00:04:07 00:04:10 you call a one trend for three days
00:04:09 00:04:14 because of a Superbowl you think now you
00:04:10 00:04:16 have the right to go help people no no
00:04:14 00:04:17 you don't I'm sorry
00:04:16 00:04:20 all right you threw together a little
00:04:17 00:04:21 stupid Shopify store with one dog mask
00:04:20 00:04:22 because of the Philadelphia
00:04:21 00:04:25 Eagles and you made some money right
00:04:22 00:04:26 you're not a guru all right I'm not a
00:04:25 00:04:29 guru either though I'm not claiming to
00:04:26 00:04:33 be but what I'm trying to get people to
00:04:29 00:04:35 understand is Shopify dropshipping UK
00:04:33 00:04:38 it's not profitable
00:04:35 00:04:40 it is not a profitable business model
00:04:38 00:04:44 guys unless you are really branding
00:04:40 00:04:47 yourself very well right to the point
00:04:44 00:04:50 where you can charge astronomical prices
00:04:47 00:04:52 for your product right that's the only
00:04:50 00:04:56 way you can win if you are now just
00:04:52 00:04:59 making three bucks per order you cannot
00:04:56 00:05:01 be it's not sustainable okay that is why
00:04:59 00:05:03 I'm teaching you guys that you need to
00:05:01 00:05:05 be using sales funnels in your business
00:05:03 00:05:06 I'm sure I showed you guys in the past
00:05:05 00:05:08 couple videos I think it was part five
00:05:06 00:05:12 when I ended I had to stop doing that
00:05:08 00:05:17 one business just because of a contract
00:05:12 00:05:20 I had to sign non-compete but basically
00:05:17 00:05:21 what I showed there was my average car
00:05:20 00:05:25 value for a product that sells for like
00:05:21 00:05:27 397 was over $20.00 average cart value
00:05:25 00:05:29 on a three dollar front end product guys
00:05:27 00:05:32 that's why you need to be using sales
00:05:29 00:05:34 funnels imagine right you trying to
00:05:32 00:05:37 compete against imagine somebody with a
00:05:34 00:05:38 funnel like me making to over $20 per
00:05:37 00:05:39 average customer coming through my
00:05:38 00:05:41 funnel
00:05:39 00:05:43 versus you who makes $4 for a customer
00:05:41 00:05:45 coming your Shopify store who do you
00:05:43 00:05:46 thinks gonna be around that's what I'm
00:05:45 00:05:48 saying why these people get sold on
00:05:46 00:05:50 these dreams these courses that are just
00:05:48 00:05:52 regurgitated crap that actually doesn't
00:05:50 00:05:54 show people how to be profitable yeah it
00:05:52 00:05:57 might show you how to make a few sales
00:05:54 00:06:00 right but you'll never you will never
00:05:57 00:06:02 make enough money to be able to quit
00:06:00 00:06:02 your job really live life on your own
00:06:02 00:06:04 terms
00:06:02 00:06:06 nobody like I'm telling you got I
00:06:04 00:06:08 there's not many people that do it yes
00:06:06 00:06:10 there's gonna be people out there that
00:06:08 00:06:11 watch this video and yes you you can do
00:06:10 00:06:13 it there's those of you that I made a
00:06:11 00:06:14 hundred thousand dollars worth and I'm
00:06:13 00:06:16 killing it yes there's gonna be those of
00:06:14 00:06:17 you that are crushing it right
00:06:16 00:06:20 absolutely
00:06:17 00:06:23 but most people cannot be successful in
00:06:20 00:06:25 Shopify dropshipping they can't be they
00:06:23 00:06:28 cannot be it's too much competition out
00:06:25 00:06:30 there right the margins suck they you
00:06:28 00:06:31 guys don't know it most people coming
00:06:30 00:06:33 into the space and you B's don't know
00:06:31 00:06:36 how to properly brand let alone how to
00:06:33 00:06:38 really market a business right and those
00:06:36 00:06:40 things are key if you already aren't
00:06:38 00:06:42 without branding and you are good at
00:06:40 00:06:45 marketing right you are already capable
00:06:42 00:06:46 of charging more for your products than
00:06:45 00:06:49 another person that's just starting out
00:06:46 00:06:50 and that's what I think a key is that a
00:06:49 00:06:53 lot of people miss when they buy these
00:06:50 00:06:56 Shopify courses right sorry for the rant
00:06:53 00:06:58 here guys toking I've been doing a lot
00:06:56 00:06:59 of these like I just get it an idea in
00:06:58 00:07:01 my head and I just you know I have my
00:06:59 00:07:04 camera on my desk I start toking about
00:07:01 00:07:05 it but I see a lot of this like and I
00:07:04 00:07:07 like I said I think like last week two
00:07:05 00:07:08 weeks ago like a video of videos I
00:07:07 00:07:10 release were like you know courses scams
00:07:08 00:07:12 and stuff like it guys know of courses
00:07:10 00:07:16 are not scams courses are not scams
00:07:12 00:07:18 right invest in yourself absolutely I
00:07:16 00:07:21 invest I buy so many courses out there
00:07:18 00:07:22 guys it's ridiculous I buy a lot of
00:07:21 00:07:24 courses cuz I know I want to invest in
00:07:22 00:07:26 myself I want to learn I want to cut the
00:07:24 00:07:29 learning curve like somebody asked me on
00:07:26 00:07:32 Instagram the other days like why should
00:07:29 00:07:33 I learn sales funnels from you instead
00:07:32 00:07:35 of just going out and learning them on
00:07:33 00:07:37 my own absolutely don't learn them on
00:07:35 00:07:39 your own you absolutely can to learn
00:07:37 00:07:41 them on your own that's what I did my
00:07:39 00:07:43 thing is I'm trying to attract people
00:07:41 00:07:44 that want a shortcut the learning curve
00:07:43 00:07:47 like me guys when I want to learn a new
00:07:44 00:07:50 topic like I'm going to pay somebody to
00:07:47 00:07:51 bring me up to speed on everything they
00:07:50 00:07:54 know as soon as possible to me it's not
00:07:51 00:07:56 worth wasting a month two three four
00:07:54 00:07:58 months even a year of my life trying to
00:07:56 00:08:00 learn a new subject when I can just go
00:07:58 00:08:03 pay somebody a little bit of money to
00:08:00 00:08:04 teach me it right and that's the point I
00:08:03 00:08:06 want you guys to get yeah I don't even
00:08:04 00:08:07 know what the point is actually any more
00:08:06 00:08:10 my thing is be cognizant if you're
00:08:07 00:08:13 taking advice from right understand that
00:08:10 00:08:15 if you're just selling doing Shopify
00:08:13 00:08:17 Shopify dropshipping and you don't have
00:08:15 00:08:18 good branding experience you don't have
00:08:17 00:08:21 good marketing experience
00:08:18 00:08:23 you're probably not profitable actually
00:08:21 00:08:25 you're definitely not profit you look at
00:08:23 00:08:27 your numbers run your numbers for real
00:08:25 00:08:29 right you might show me okay I make up
00:08:27 00:08:31 50 grand a month but run your numbers
00:08:29 00:08:33 see what you're actually making on that
00:08:31 00:08:37 550 grand you're probably making like 2
00:08:33 00:08:39 grand like 2 grand if that you're I'm
00:08:37 00:08:40 making nothing right now if you're
00:08:39 00:08:42 making 50 grand in the funnel you might
00:08:40 00:08:45 actually be take you literally taking
00:08:42 00:08:46 home 20 grand out of that 20 25 grand a
00:08:45 00:08:47 month
00:08:46 00:08:48 all right that's
00:08:47 00:08:50 the difference when you have average
00:08:48 00:08:52 cart values right personally I always
00:08:50 00:08:55 recommend you I released the video like
00:08:52 00:08:56 this already was like holdout reinvest
00:08:55 00:08:58 your profits as much as you came back
00:08:56 00:09:00 into your business like that's what's
00:08:58 00:09:01 gonna be that's gonna it's gonna
00:09:00 00:09:04 skyrocket your success and more thing
00:09:01 00:09:05 more so than any other advertising right
00:09:04 00:09:08 building that audience off yourself
00:09:05 00:09:10 collecting email addresses right that's
00:09:08 00:09:11 that's an asset that's your biggest
00:09:10 00:09:13 asset and you compared to even messenger
00:09:11 00:09:16 BOTS messenger BOTS look they're gone
00:09:13 00:09:17 right now always has at the time of this
00:09:16 00:09:19 recording no new businesses can start
00:09:17 00:09:21 using messenger BOTS right and that's
00:09:19 00:09:22 something Facebook controls they could
00:09:21 00:09:24 come out tomorrow by K sorry guys this
00:09:22 00:09:26 whole message you're about thing not
00:09:24 00:09:27 working out anymore can't do it all
00:09:26 00:09:30 right and it's shut down at least your
00:09:27 00:09:32 emails guys emails this is proven all
00:09:30 00:09:34 right kourin rates of course are a
00:09:32 00:09:37 little crappier but it's still your
00:09:34 00:09:38 number one asset so I'm not sure what
00:09:37 00:09:40 the point of this video guys is but I
00:09:38 00:09:41 hope you enjoyed it this little ramp I
00:09:40 00:09:43 just flipped a camera up and wanted to
00:09:41 00:09:46 tok a little bit
00:09:43 00:09:47 be cognizant invest in yourself right be
00:09:46 00:09:49 careful you take advice from start
00:09:47 00:09:51 focusing on sales funnel it's not just
00:09:49 00:09:53 shop fight drop shipping now telling you
00:09:51 00:09:55 stop selling a Shopify keep it up but
00:09:53 00:09:58 don't run paid traffic to a Shopify
00:09:55 00:10:02 store that is the number one way to lose
00:09:58 00:10:03 a lot of money holy crap so that's it
00:10:02 00:10:04 that's it guys
00:10:03 00:10:06 hope you found this video helpful please
00:10:04 00:10:10 like comment and subscribe if you found
00:10:06 00:10:13 this stuff interesting or whatnot and
00:10:10 00:10:13 remember your empire starts now