Why 2019 Was BAD YEAR For Most Dropshipping Businesses | CRUSH IT IN 2020!! Shopify Dropshipping
Published on: November 27 2022 by Peter Pru - Ecommerce Empire Builders
Why 2019 Was BAD YEAR For Most Dropshipping Businesses | CRUSH IT IN 2020!! Shopify Dropshipping
Table of Contents About Why 2019 Was BAD YEAR For Most Dropshipping Businesses | CRUSH IT IN 2020!! Shopify Dropshipping
Why 2019 Was BAD YEAR For Most Dropshipping Businesses | CRUSH IT IN 2020!! Shopify Dropshipping
startTime | durationTime | text |
00:00:00 | 00:00:02 | some of those customers who are never |
00:00:01 | 00:00:03 | gonna buy from you again because a |
00:00:02 | 00:00:06 | shipping took forever your customer |
00:00:03 | 00:00:08 | service probably sucks and that's okay |
00:00:06 | 00:00:10 | yo what's going on Empire builders |
00:00:08 | 00:00:12 | welcome back to another episode so |
00:00:10 | 00:00:13 | today's video is gonna be a little bit |
00:00:12 | 00:00:15 | different a little bit more casual so we |
00:00:13 | 00:00:17 | actually have had a tremendous amount of |
00:00:15 | 00:00:18 | student success inside our elite |
00:00:17 | 00:00:20 | mastermind group one student actually |
00:00:18 | 00:00:23 | just had their first $75,000 a month and |
00:00:20 | 00:00:25 | I really want to quickly hit on why are |
00:00:23 | 00:00:28 | so many people that are getting into |
00:00:25 | 00:00:30 | dropshipping failing and why some of you |
00:00:28 | 00:00:31 | that are actually succeeding like some |
00:00:30 | 00:00:33 | of our students that are crushing it |
00:00:31 | 00:00:37 | doing $15,000 a month $10,000 a month |
00:00:33 | 00:00:39 | why some of you are actually going to |
00:00:37 | 00:00:41 | fail if you don't make really fast |
00:00:39 | 00:00:42 | changes into your business and evolve |
00:00:41 | 00:00:46 | things today I'm going to be telling you |
00:00:42 | 00:00:49 | three reasons why if you want to be a |
00:00:46 | 00:00:51 | full time ecommerce business owner and |
00:00:49 | 00:00:53 | really create something that's one |
00:00:51 | 00:00:54 | sellable in the future or two can |
00:00:53 | 00:00:56 | actually get you out of your |
00:00:54 | 00:00:57 | nine-to-five job and provide for you |
00:00:56 | 00:00:58 | that all the things you want in your |
00:00:57 | 00:01:00 | life |
00:00:58 | 00:01:11 | right you need to pivot and make these |
00:01:00 | 00:01:12 | changes before we get going in today's |
00:01:11 | 00:01:14 | video I'm gonna quickly announce the |
00:01:12 | 00:01:15 | last of a video winner of our 30-minute |
00:01:14 | 00:01:17 | coaching session will flash your name |
00:01:15 | 00:01:18 | right here in the middle of screen if |
00:01:17 | 00:01:20 | that's you email Peter at ecommerce |
00:01:18 | 00:01:22 | Empire builders calm to schedule your |
00:01:20 | 00:01:24 | free 30-minute coaching session with me |
00:01:22 | 00:01:26 | and if you want to be a lucky winner and |
00:01:24 | 00:01:27 | to get on a coaching session with me all |
00:01:26 | 00:01:29 | you got to do is drop a comment down |
00:01:27 | 00:01:32 | below on today's video you can ask a |
00:01:29 | 00:01:34 | question you can just say ap or you |
00:01:32 | 00:01:36 | could say my empire starts now whatever |
00:01:34 | 00:01:37 | it'll qualify you in to win and if your |
00:01:36 | 00:01:39 | brand you're here to do the e-commerce |
00:01:37 | 00:01:41 | Empire builders I just want to give you |
00:01:39 | 00:01:42 | a huge huge warm welcome we release |
00:01:41 | 00:01:45 | content here every single Monday |
00:01:42 | 00:01:46 | Wednesday and Friday so make sure you |
00:01:45 | 00:01:48 | hit that little subscribe button and you |
00:01:46 | 00:01:49 | hit that little notification bell as |
00:01:48 | 00:01:51 | well and if at any point during this |
00:01:49 | 00:01:53 | video I provided some good content to |
00:01:51 | 00:01:54 | you and I provided some value to you |
00:01:53 | 00:01:56 | make sure you smash that like button for |
00:01:54 | 00:01:57 | me so without further ado let's tok |
00:01:56 | 00:01:59 | about these three things that is going |
00:01:57 | 00:02:01 | to be holding a lot of dropshippers back |
00:01:59 | 00:02:04 | they're just getting into drop shipping |
00:02:01 | 00:02:05 | and also those that are already doing |
00:02:04 | 00:02:07 | well what you guys can actually do to |
00:02:05 | 00:02:10 | really create a sustainable business for |
00:02:07 | 00:02:11 | yourself okay so the first thing that we |
00:02:10 | 00:02:12 | need to tok about and this one's going |
00:02:11 | 00:02:13 | to be going up to those of you that are |
00:02:12 | 00:02:15 | just getting |
00:02:13 | 00:02:17 | started and trust me guys I've made this |
00:02:15 | 00:02:19 | mistake so many times I've been in |
00:02:17 | 00:02:21 | e-commerce and online marketing now for |
00:02:19 | 00:02:23 | like 11 years I'm an old man in this |
00:02:21 | 00:02:26 | game at this point and I'm telling you |
00:02:23 | 00:02:29 | the first five six years of my online |
00:02:26 | 00:02:31 | marketing career I struggled I was |
00:02:29 | 00:02:33 | working full time working on online all |
00:02:31 | 00:02:34 | night on my online businesses and |
00:02:33 | 00:02:37 | nothing seemed to stik I made sales |
00:02:34 | 00:02:39 | fantastik but it wasn't enough to be |
00:02:37 | 00:02:40 | able to quit my job and do the things |
00:02:39 | 00:02:42 | that I want to do and really just |
00:02:40 | 00:02:44 | sustain my own life right that's really |
00:02:42 | 00:02:45 | always was my goal the goal was an |
00:02:44 | 00:02:46 | entrepreneur just be able to wake up in |
00:02:45 | 00:02:48 | the morning and do what I want to write |
00:02:46 | 00:02:51 | and work for myself that's always been a |
00:02:48 | 00:02:53 | goal of mine okay now the reason I that |
00:02:51 | 00:02:55 | took so long for me to get and I wish |
00:02:53 | 00:02:57 | somebody was telling me this back then |
00:02:55 | 00:03:00 | is that you can't start a business that |
00:02:57 | 00:03:01 | you are not passionate about you cannot |
00:03:00 | 00:03:03 | start a business that you can't at least |
00:03:01 | 00:03:06 | get passionate about now you can get |
00:03:03 | 00:03:08 | passionate about the business aspects of |
00:03:06 | 00:03:09 | your business right I all of us if |
00:03:08 | 00:03:11 | you're watching this right now you're |
00:03:09 | 00:03:14 | probably passionate about growing |
00:03:11 | 00:03:15 | businesses but in furthermore you need |
00:03:14 | 00:03:17 | to be passionate about your customers |
00:03:15 | 00:03:19 | right you need to be passionate about |
00:03:17 | 00:03:21 | your customers what do they want right |
00:03:19 | 00:03:25 | and you need to be passionate about |
00:03:21 | 00:03:27 | solving those people's problems and a |
00:03:25 | 00:03:29 | lot of you don't have that you don't |
00:03:27 | 00:03:31 | have that fire right you're what you're |
00:03:29 | 00:03:32 | passionate about and what you think your |
00:03:31 | 00:03:33 | passion about is just making a whole |
00:03:32 | 00:03:35 | bunch of money right and making a whole |
00:03:33 | 00:03:37 | bunch of money is fantastik right being |
00:03:35 | 00:03:38 | able to you know work for yourself make |
00:03:37 | 00:03:41 | enough money and e-commerce to sustain |
00:03:38 | 00:03:43 | the lifestyle that you want to and not |
00:03:41 | 00:03:45 | have to go to a job that's fantastik but |
00:03:43 | 00:03:48 | you're not gonna get there if you're not |
00:03:45 | 00:03:50 | focused and irrationally passionate |
00:03:48 | 00:03:52 | about solving people's problems right |
00:03:50 | 00:03:55 | think about it guys the richest people |
00:03:52 | 00:03:57 | in the world all produce a ridiculous |
00:03:55 | 00:04:00 | amount of value in the world in order to |
00:03:57 | 00:04:03 | get that money right the money is just a |
00:04:00 | 00:04:06 | byproduct of solving people's problems |
00:04:03 | 00:04:07 | okay now you don't necessarily need to |
00:04:06 | 00:04:09 | go and create the next Apple or |
00:04:07 | 00:04:11 | Microsoft or something like that no |
00:04:09 | 00:04:13 | right a lot of us are working a much |
00:04:11 | 00:04:15 | smaller scale than that right in order |
00:04:13 | 00:04:16 | for us to be able to not have to go to a |
00:04:15 | 00:04:18 | nine-to-five times you really don't have |
00:04:16 | 00:04:20 | to make that much money unless you want |
00:04:18 | 00:04:22 | to really live lavishly now in order |
00:04:20 | 00:04:24 | right to do this at a small scale you |
00:04:22 | 00:04:26 | find that niche group of people you find |
00:04:24 | 00:04:28 | that passion niche that you can tap |
00:04:26 | 00:04:31 | - preferably one that you are passionate |
00:04:28 | 00:04:33 | about or you partner up with someone |
00:04:31 | 00:04:34 | else that is passionate about it because |
00:04:33 | 00:04:36 | if you're if you don't have someone |
00:04:34 | 00:04:38 | that's passionate about about the niche |
00:04:36 | 00:04:40 | you're not going to be able to create |
00:04:38 | 00:04:43 | the content necessary the emails the |
00:04:40 | 00:04:45 | marketing the advertising necessary to |
00:04:43 | 00:04:47 | be successful in your online business |
00:04:45 | 00:04:49 | okay it's just not gonna happen okay |
00:04:47 | 00:04:51 | trust me if you try and do it's gonna be |
00:04:49 | 00:04:53 | like pulling teeth for you okay it's |
00:04:51 | 00:04:54 | gonna be it's gonna be exhausting for |
00:04:53 | 00:04:56 | you and you're gonna hate building your |
00:04:54 | 00:04:58 | business and that's not where you want |
00:04:56 | 00:05:00 | to be I promise you that okay I spent so |
00:04:58 | 00:05:03 | many years in businesses that I hated |
00:05:00 | 00:05:04 | had no knew nothing about didn't know |
00:05:03 | 00:05:06 | the customers didn't care about solving |
00:05:04 | 00:05:08 | their problems okay and I promise you |
00:05:06 | 00:05:10 | the money will follow once you are in a |
00:05:08 | 00:05:12 | niche and you are committed to that |
00:05:10 | 00:05:14 | niche and solving their problems even if |
00:05:12 | 00:05:16 | it doesn't seem like a big problem to |
00:05:14 | 00:05:17 | you right now for someone that you're |
00:05:16 | 00:05:20 | selling that product to it is you're |
00:05:17 | 00:05:22 | solving them a problem okay so be |
00:05:20 | 00:05:23 | passionate and solve those problems for |
00:05:22 | 00:05:26 | that niche and become absolutely |
00:05:23 | 00:05:27 | immersed in that niche and seeing what |
00:05:26 | 00:05:30 | those problems are to even begin with |
00:05:27 | 00:05:31 | okay so that's the very first thing and |
00:05:30 | 00:05:33 | that is going out to a lot of you that |
00:05:31 | 00:05:34 | are just getting started considering |
00:05:33 | 00:05:38 | getting into e-commerce or drop shipping |
00:05:34 | 00:05:40 | okay number two you aren't thinking |
00:05:38 | 00:05:42 | long-term okay |
00:05:40 | 00:05:44 | you're not thinking long-term okay now |
00:05:42 | 00:05:47 | what I mean long-term is a lot of you |
00:05:44 | 00:05:50 | right you're so focused on just making |
00:05:47 | 00:05:52 | these sales that you forget that you are |
00:05:50 | 00:05:55 | actually selling to human beings |
00:05:52 | 00:05:58 | okay and you're not changing up your |
00:05:55 | 00:06:01 | sales process okay now when I say that |
00:05:58 | 00:06:05 | what I mean is like you have to pivot |
00:06:01 | 00:06:06 | from dropshipping early express stuff to |
00:06:05 | 00:06:08 | people okay |
00:06:06 | 00:06:09 | when you have winners and this is what |
00:06:08 | 00:06:12 | why I'm making this video is because I |
00:06:09 | 00:06:14 | see students crushing it and you're |
00:06:12 | 00:06:17 | still selling aliexpress drop shooing |
00:06:14 | 00:06:18 | products you're not gonna win okay |
00:06:17 | 00:06:19 | you're not gonna win right your success |
00:06:18 | 00:06:22 | right now is probably gonna be very |
00:06:19 | 00:06:24 | short-lived okay if you want to be |
00:06:22 | 00:06:27 | successful you have to start branding |
00:06:24 | 00:06:29 | your own products and your services okay |
00:06:27 | 00:06:30 | whatever that is you have to start |
00:06:29 | 00:06:31 | branding those of you that are just |
00:06:30 | 00:06:34 | getting started |
00:06:31 | 00:06:35 | yes start with overseas drop shipping or |
00:06:34 | 00:06:37 | from suppliers or wholesalers or |
00:06:35 | 00:06:39 | whatever find those winning products |
00:06:37 | 00:06:41 | that you can confidently say |
00:06:39 | 00:06:42 | I know how to sell them build up some |
00:06:41 | 00:06:45 | cashflow get some money into your |
00:06:42 | 00:06:47 | business bank account right once you are |
00:06:45 | 00:06:49 | comfortable selling that product you |
00:06:47 | 00:06:50 | have a good sales process in place to |
00:06:49 | 00:06:53 | make sales all command-b with |
00:06:50 | 00:06:54 | advertising influencers right and you |
00:06:53 | 00:06:56 | started building up your own audience |
00:06:54 | 00:06:58 | right of people with your email list may |
00:06:56 | 00:07:00 | be your messenger bot that's when you |
00:06:58 | 00:07:01 | can then confidently use some of that |
00:07:00 | 00:07:04 | money in your business and bank account |
00:07:01 | 00:07:06 | and maybe order a test order of five |
00:07:04 | 00:07:08 | hundred or a thousand units from a |
00:07:06 | 00:07:11 | manufacturer directly and put your |
00:07:08 | 00:07:13 | actual brand name on it okay |
00:07:11 | 00:07:15 | brand is so important now a lot of you |
00:07:13 | 00:07:16 | think that hey you know you're just |
00:07:15 | 00:07:18 | getting started you need a fancy logo |
00:07:16 | 00:07:21 | you need those things know right the |
00:07:18 | 00:07:23 | brand it evolves right what your brand |
00:07:21 | 00:07:25 | is right now isn't gonna be what your |
00:07:23 | 00:07:26 | brand is tomorrow okay and a lot of |
00:07:25 | 00:07:28 | times when you're just getting started |
00:07:26 | 00:07:29 | your brand doesn't even matter right |
00:07:28 | 00:07:31 | because you don't know yet what your |
00:07:29 | 00:07:32 | brand is gonna become that's the most |
00:07:31 | 00:07:34 | amazing part about this business and |
00:07:32 | 00:07:36 | e-commerce is that there's so much |
00:07:34 | 00:07:38 | competition out there but guess what if |
00:07:36 | 00:07:40 | me and you both start a fishing business |
00:07:38 | 00:07:42 | today right you are going to brand yours |
00:07:40 | 00:07:44 | differently than mine even though we |
00:07:42 | 00:07:45 | might be targeting the same niche right |
00:07:44 | 00:07:46 | but we're probably going to be hitting |
00:07:45 | 00:07:49 | on different segments of that market and |
00:07:46 | 00:07:51 | probably having some shared customers in |
00:07:49 | 00:07:53 | there as well but you can't figure out |
00:07:51 | 00:07:56 | what your brand is until you start until |
00:07:53 | 00:07:58 | you get started and you evolve into that |
00:07:56 | 00:07:59 | brand that's why I like to start with it |
00:07:58 | 00:08:02 | I recommend people start with a smaller |
00:07:59 | 00:08:04 | sort of starting with dropshipping |
00:08:02 | 00:08:06 | Aliexpress and then finding those |
00:08:04 | 00:08:07 | winners getting confident being able to |
00:08:06 | 00:08:09 | learn to sell learn to be a good |
00:08:07 | 00:08:11 | marketer regulars a lot of things that |
00:08:09 | 00:08:13 | you have to learn to be confident of and |
00:08:11 | 00:08:15 | then use some of the money that you made |
00:08:13 | 00:08:16 | and then invest it right instead of |
00:08:15 | 00:08:18 | doing it backwards or a lot of people |
00:08:16 | 00:08:21 | like on Amazon what they do is they will |
00:08:18 | 00:08:22 | dump $10,000 in inventory and then send |
00:08:21 | 00:08:23 | to Amazon warehouse that's a lot of |
00:08:22 | 00:08:25 | money right that's a lot of money to |
00:08:23 | 00:08:26 | invest in a business that you don't know |
00:08:25 | 00:08:28 | if you're gonna be able to sell the |
00:08:26 | 00:08:30 | products or not right so start low risk |
00:08:28 | 00:08:31 | low cost yes there are some downsides of |
00:08:30 | 00:08:33 | course to aliexpress drop shipping and |
00:08:31 | 00:08:36 | drop shipping in general from overseas |
00:08:33 | 00:08:39 | but the pros just far outweigh them |
00:08:36 | 00:08:41 | right build up that cash flow then focus |
00:08:39 | 00:08:42 | on the brand if you're already doing |
00:08:41 | 00:08:44 | over ten thousand dollars a month in |
00:08:42 | 00:08:47 | sales right and your release already |
00:08:44 | 00:08:49 | selling 500 to a thousand units per |
00:08:47 | 00:08:52 | month of Au product you need to be |
00:08:49 | 00:08:54 | branding go to Alibaba tok to maybe |
00:08:52 | 00:08:55 | your Aliexpress supplier or whoever your |
00:08:54 | 00:08:57 | suppliers right now figure out what you |
00:08:55 | 00:08:59 | can do to start branding right now when |
00:08:57 | 00:09:01 | I say branding that means putting your |
00:08:59 | 00:09:02 | actual logo on the product if possible |
00:09:01 | 00:09:04 | right so if your self fishing lures |
00:09:02 | 00:09:06 | putting like a little logo on the top of |
00:09:04 | 00:09:07 | the fishing lure right getting some nice |
00:09:06 | 00:09:10 | custom packaging done and all of that |
00:09:07 | 00:09:11 | can be done by your manufacturers right |
00:09:10 | 00:09:13 | so if your son fishing lures like they |
00:09:11 | 00:09:15 | can make you a nice custom box they can |
00:09:13 | 00:09:16 | put insert cards in for you maybe some |
00:09:15 | 00:09:17 | sort of lift letters that you want to |
00:09:16 | 00:09:19 | put in like some sort of sales letters |
00:09:17 | 00:09:21 | in there as well write your Semenya |
00:09:19 | 00:09:23 | factor can do all of that for you for |
00:09:21 | 00:09:25 | pennies is what you're probably paying |
00:09:23 | 00:09:27 | on Aliexpress and then ship that over to |
00:09:25 | 00:09:29 | the United States or wherever your |
00:09:27 | 00:09:31 | fulfillment center is and then you can |
00:09:29 | 00:09:33 | start fulfilling orders from that supply |
00:09:31 | 00:09:35 | and that it's not one of those things |
00:09:33 | 00:09:37 | where it's end or it's an end the guys |
00:09:35 | 00:09:39 | it doesn't have to be like it has to be |
00:09:37 | 00:09:41 | this or this right it can be an end |
00:09:39 | 00:09:42 | right that means you can be dropped you |
00:09:41 | 00:09:44 | in from Aliexpress and at the same time |
00:09:42 | 00:09:46 | you're just selling your own products |
00:09:44 | 00:09:48 | right and you slowly work your way into |
00:09:46 | 00:09:50 | getting your own branded products |
00:09:48 | 00:09:52 | because that's gonna allow you to have |
00:09:50 | 00:09:53 | those repeat customers right a lot of |
00:09:52 | 00:09:55 | you guys that are doing Alex noise drop |
00:09:53 | 00:09:57 | shipping right those cons are probably |
00:09:55 | 00:09:58 | gonna hurt you later on a lot of some of |
00:09:57 | 00:09:59 | those customers right never gonna buy |
00:09:58 | 00:10:01 | from you again because a shipping took |
00:09:59 | 00:10:03 | forever your customer service probably |
00:10:01 | 00:10:05 | sucks and that's okay because your first |
00:10:03 | 00:10:06 | time is your first swing at-bat as a |
00:10:05 | 00:10:08 | business owner right you're gonna mess |
00:10:06 | 00:10:10 | up you're gonna mess up a ton of stuff |
00:10:08 | 00:10:12 | but guess what you don't want to scale |
00:10:10 | 00:10:14 | right and have terrible customer service |
00:10:12 | 00:10:16 | when you're starting to scale you should |
00:10:14 | 00:10:18 | be scaling with your branded products |
00:10:16 | 00:10:20 | you shouldn't scale your an aliexpress |
00:10:18 | 00:10:22 | drop ship and those people aren't gonna |
00:10:20 | 00:10:24 | buy from you ever again right do it on a |
00:10:22 | 00:10:26 | small scale first get yourself to start |
00:10:24 | 00:10:28 | selling 500 to a thousand units a month |
00:10:26 | 00:10:30 | and then start branding and then scale |
00:10:28 | 00:10:32 | with your existing inventory okay and |
00:10:30 | 00:10:34 | that's gonna give you that kind of data |
00:10:32 | 00:10:35 | is so invaluable to you because it's |
00:10:34 | 00:10:36 | gonna allow you to forecast what those |
00:10:35 | 00:10:39 | things are |
00:10:36 | 00:10:41 | this leads me to my third point creepy |
00:10:39 | 00:10:43 | purchases a lot of you guys are focused |
00:10:41 | 00:10:45 | on this first-time sale right and even |
00:10:43 | 00:10:47 | some of you guys that are doing upsells |
00:10:45 | 00:10:48 | fantastik are you're increasing the |
00:10:47 | 00:10:50 | average cart value but you're forgetting |
00:10:48 | 00:10:52 | the second most important metric in |
00:10:50 | 00:10:54 | business right the first one in my |
00:10:52 | 00:10:56 | opinion is average cart value right |
00:10:54 | 00:10:57 | because if without a proper average cart |
00:10:56 | 00:10:58 | value you're not going to be able to |
00:10:57 | 00:11:00 | your ad cost you're not gonna be able to |
00:10:58 | 00:11:01 | be profitable from your front end and |
00:11:00 | 00:11:02 | lead people into your back-end sales |
00:11:01 | 00:11:04 | process all right average cart value |
00:11:02 | 00:11:06 | extremely important but the second most |
00:11:04 | 00:11:08 | important one is a lifetime value of |
00:11:06 | 00:11:11 | your customers right a lot of you don't |
00:11:08 | 00:11:13 | think that long-term way as lifetime |
00:11:11 | 00:11:15 | value now a lifetime value is the amount |
00:11:13 | 00:11:18 | of money that average customer spends |
00:11:15 | 00:11:20 | with you during their time with you |
00:11:18 | 00:11:22 | right so during their lifetime with you |
00:11:20 | 00:11:23 | okay now it's not essentially a metric |
00:11:22 | 00:11:26 | that you can accidentally gauge but you |
00:11:23 | 00:11:27 | can look at the LTV over a year period |
00:11:26 | 00:11:30 | what is the average customer spend with |
00:11:27 | 00:11:32 | you and start understanding hey what is |
00:11:30 | 00:11:34 | the average customer I can spend right |
00:11:32 | 00:11:35 | when you understand that LTV paired with |
00:11:34 | 00:11:36 | the average cart value your business |
00:11:35 | 00:11:39 | becomes unstoppable |
00:11:36 | 00:11:40 | this is why with my fishing business we |
00:11:39 | 00:11:43 | were comfortable even acquiring |
00:11:40 | 00:11:45 | customers at $50 on a free plus shipping |
00:11:43 | 00:11:47 | offer because we knew our average |
00:11:45 | 00:11:48 | customer who a percentage of them would |
00:11:47 | 00:11:50 | join our continuity our subscription |
00:11:48 | 00:11:52 | boxes and we knew that that would cost |
00:11:50 | 00:11:55 | them five hundred dollars over a year or |
00:11:52 | 00:11:58 | $300 or $350 I believe it was four years |
00:11:55 | 00:12:01 | that they would get we would get that |
00:11:58 | 00:12:02 | revenue back right so yes if there's a |
00:12:01 | 00:12:04 | little bit of delaying gratification but |
00:12:02 | 00:12:06 | understanding those stats is so |
00:12:04 | 00:12:09 | important okay and you get you get to |
00:12:06 | 00:12:10 | that point by actually branding your |
00:12:09 | 00:12:12 | products and having good customer |
00:12:10 | 00:12:13 | service because nobody you're not going |
00:12:12 | 00:12:14 | to get repeat customers |
00:12:13 | 00:12:16 | you're not going to increase that |
00:12:14 | 00:12:19 | lifetime value from your customers if |
00:12:16 | 00:12:21 | you are not giving them a good |
00:12:19 | 00:12:24 | experience that's why I'm telling you |
00:12:21 | 00:12:26 | you can't scale with aliexpress drop |
00:12:24 | 00:12:28 | shipping to the hundred thousand dollar |
00:12:26 | 00:12:30 | per month mark right don't do it right |
00:12:28 | 00:12:32 | even though you might have such |
00:12:30 | 00:12:35 | promising stats right you might be blue |
00:12:32 | 00:12:36 | you might have gone to 10k Club quickly |
00:12:35 | 00:12:39 | right you might have gotten to the 50k |
00:12:36 | 00:12:41 | Club even faster right but stop there |
00:12:39 | 00:12:42 | right I'm not saying stop like you call |
00:12:41 | 00:12:43 | your business but stop scaling |
00:12:42 | 00:12:46 | bring in that some of that branded |
00:12:43 | 00:12:48 | inventory in first so those people as |
00:12:46 | 00:12:50 | you scale you can actually have a good |
00:12:48 | 00:12:51 | business and start building your brand |
00:12:50 | 00:12:53 | right because that is where business |
00:12:51 | 00:12:55 | starts happening guys I'm telling you |
00:12:53 | 00:12:58 | right now a lot of you are focused on |
00:12:55 | 00:12:59 | level 1 level 1 is Alex fresh drop |
00:12:58 | 00:13:01 | shipping overseas drop shipping and |
00:12:59 | 00:13:03 | learning marketing right level 2 is |
00:13:01 | 00:13:05 | starting to brand right and starting |
00:13:03 | 00:13:06 | getting into that brand building of your |
00:13:05 | 00:13:09 | business and creating something |
00:13:06 | 00:13:10 | sustainable for yourself right that is |
00:13:09 | 00:13:12 | where I'd be |
00:13:10 | 00:13:14 | for you guys to quit your job when you |
00:13:12 | 00:13:16 | actually have customers that buy from |
00:13:14 | 00:13:17 | you not because of what how cheap your |
00:13:16 | 00:13:20 | products are but because they actually |
00:13:17 | 00:13:22 | like you okay and if you don't have that |
00:13:20 | 00:13:24 | and they don't like you you aren't |
00:13:22 | 00:13:25 | you're always gonna be fighting for |
00:13:24 | 00:13:28 | customers with your competition and |
00:13:25 | 00:13:29 | instead I challenge you to focus on |
00:13:28 | 00:13:31 | actually how about giving a better |
00:13:29 | 00:13:33 | experience to your current customers |
00:13:31 | 00:13:34 | guys if you have any questions |
00:13:33 | 00:13:35 | whatsoever for me about today's video |
00:13:34 | 00:13:38 | make sure you drop me a comment down |
00:13:35 | 00:13:40 | below I would love to hear your thoughts |
00:13:38 | 00:13:41 | about this where are you currently at in |
00:13:40 | 00:13:43 | your business are you currently in level |
00:13:41 | 00:13:45 | one or are you trying to get to level |
00:13:43 | 00:13:46 | two I would love to hear it down below |
00:13:45 | 00:13:48 | in the comments if you have a question |
00:13:46 | 00:13:51 | for me if you ask it during the first 30 |
00:13:48 | 00:13:53 | minutes of this video being posted I'll |
00:13:51 | 00:13:54 | actually answer it for you live so make |
00:13:53 | 00:13:55 | sure you hit that little subscribe |
00:13:54 | 00:13:57 | button and you hit that little |
00:13:55 | 00:13:58 | notification about so you're notified on |
00:13:57 | 00:14:00 | Monday Wednesday Fridays as we release |
00:13:58 | 00:14:02 | new content here on the challenge for |
00:14:00 | 00:14:03 | those of you that are looking to kick |
00:14:02 | 00:14:05 | start your e-commerce business |
00:14:03 | 00:14:07 | especially those of you that are just |
00:14:05 | 00:14:08 | getting started and even more so |
00:14:07 | 00:14:10 | especially those of you that are |
00:14:08 | 00:14:12 | struggling Shopify sellers or those of |
00:14:10 | 00:14:14 | you that are sick and tired of Amazon |
00:14:12 | 00:14:16 | FBA and holding your customers to |
00:14:14 | 00:14:18 | themselves and not actually building |
00:14:16 | 00:14:20 | your own business make sure your ten to |
00:14:18 | 00:14:21 | seven figure ecommerce master class down |
00:14:20 | 00:14:22 | below it'll be the very first link in |
00:14:21 | 00:14:24 | the description of this video I'm gonna |
00:14:22 | 00:14:27 | show you how to build your business |
00:14:24 | 00:14:29 | profitably immediately using sales |
00:14:27 | 00:14:30 | funnels and subscription again that will |
00:14:29 | 00:14:31 | be the very first link in the |
00:14:30 | 00:14:32 | description of this video but guys as |
00:14:31 | 00:14:35 | always have a fantastik rest of your day |
00:14:32 | 00:14:37 | and remember your empire starts now most |
00:14:35 | 00:14:39 | entrepreneurs in the space they want a |
00:14:37 | 00:14:41 | Lamborghini they want to be able to |
00:14:39 | 00:14:42 | travel the world whenever the hell they |
00:14:41 | 00:14:45 | want |
00:14:42 | 00:14:46 | you know what's going on Empire builders |
00:14:45 | 00:14:48 | so little bit of change of scenery right |
00:14:46 | 00:14:50 | we've got a Lamborghini so I'm gonna be |
00:14:48 | 00:14:53 | toking to you guys today about why I |
00:14:50 | 00:14:56 | spent over thirty thousand dollars on a |
00:14:53 | 00:14:56 | trip to butyl |
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