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...

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

startTime	durationTime	text
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