No lie I didn't even know it was an ad, I was like "Is this clickbait?, I thought the video said dropshipping is a horrible idea so why is dude trying to convince me to buy a course about drop shipping lol"
Problem with the Dropshipping 1) No control of shipping times 2) No control of inventory 3) Generally low profit margins 4) High competition these days
@@Riikkyy of course, most people who start dropshipping on eBay and Amazon without a proper plan to address those 4 issues and usually get kicked off the platforms. Either way you still don't have the best prices because the person whom you buy your stuff from has already put their profit. There are some ways around this though.
@@Riikkyy You have to find a niche, try looking at RUclips videos there are people that have grossed from 100k to 1 million. You can also look at sold listings on eBay to see what is good to sell
People who have a business-oriented mindset tend to capitalize on as many things as they could, that's why. They simply want to have multiple sources of income.
@@maha-tg7df nah, cuz dropshipping is all about branding and marketing..... when everyone is selling toothbrushes, whoever can spend the most money on advertising and branding wins.
I have to come home EVERYDAY & argue with my brother over this shit. He SWEARS that “if we do this dropshipping thing for long enough, we can quit our jobs and hire our mom as an employee.” I’ve tried & tried & tried to tell him that shit like this would have been a good idea in 2011, but Amazon has stepped their game up. If you figure out how to do something better than them, they’ll undercut you. If you figure out how to be nicer, they’ll drop their prices. If you figure out a unique product, they’ll make it for cheaper. Amazon wins. I’m so sick of coming home & having to talk to a brick wall that’s trying to get me to throw my money away with him on a fake business model.
lmao, dropshipping aint a business model... it's a fulfillment process. The business Ins't drop shipping it's an online store selling a product(s). He aint building a dropshipping store, hes building a business, which for now fulfills their products through a manufacturer... maybe quit putting him down and let him understand this. edit: actually nah, scrap that, keep putting him down, because thats what I had to go thru lmao.
I did dropshipping for a couple years. I wasn't "making millions" but I did make a full time income. I would not make make customers wait 3 weeks for their product though. I would usually test a product using a "pre-order" method in which if I got enough traction on a product, I'd order the product in bulk and use a fullfillment center in the US, that way new customers would have sub 5 day shipping times. Unfortunately I have shiny object syndrome, and that's why I eventually quit. Dropshipping isn't dying as a whole, but dropshipping from China is.
@UCCBLun1xZVdGtWJa9lTP2Aw it's basically the inability to focus on one business or idea/get bored easily. I made a video on my channel called "why many entrepreneurs fail" that goes into detail a little bit.
Damon Neal Whats the logistics behind buying in bulk and then shipping it to a fulfillment center in the us? Do u check the bulk products for any defects before u tell the center to start shipping? What’s the cost for shipping it from fulfillment centers?
@@BlakeTedKord The dude is trying to sell stuff, just like this channel is. Its all to cast the widest net possible and "catch" as many people as possible for their products.
Actually money really is created when banks loan it. It has nothing to do with "creating value". I have had plenty of jobs where I worked hard and got fired, and jobs where I sat around doing jack and made money.
I got dropshipped once, I was tricked into thinking it was a hand made product. It turned me into a more suspicious buyer and if I find out someone is dropshipping I will never buy anything from them.
@@ZoeAlleyne Can helping with answer? I try that so long for without conclusion is can be the answer. If you are think that being when can if do that of is where wasn't can be without it. Do when bring is of it can you up is of there? Or can bring when be of that is? ? Because when they are there is the in of doing with them they are that ones. So if are they that one is you and without then? When do so can if it was there when it will didn't can then how does it went to that before there is on timing inside without them?
The ad your about to see is probably about dropshipping as w- "HEY GUYS IM GONNA TELL YOU HOW TO EARN 10 000 A MONTH BY DROPSHIPPING ONLY 1 ITEM A DAY"
yeah its true tho and they all say that its very cheap on amazon but the same object on amazon costs 10 while on aliexpress its like 2 so dropshopping will still continue
Love that I got a drop shipping ad in the middle of this video, where the ad explicitly talked about a point you just debunked seconds before the ad played.
@@JYMAHJAMES If you are think that being when can if do that of is where wasn't can be without it. Do when bring is of it can you up is of there? Or can bring when be of that is? ? Because when they are there is the in of doing with them they are that ones. So if are they that one is you and without then? When do so can if it was there when it will didn't can then how does it went to that before there is on timing inside without them?
drop shippers are just advertisers, they move products for businesses in china. They are just a middle man and get paid compensation for the effort. Drop shipping is a impulse sale business. Now Amazon sells from stores, takes time to browse and is just like any other business like ebay etc. Drop shipping will always be around
Also drop-shipping typically focus on a niche. They sometimes include a blog with their site giving their customer more information. Amazon too big for that so they have slightly less care for customers.
True. I don't impulse buy a whole lot, but there's a market for it because tons of people do. Think of why they put candy bars by registers at Walmart or lottery tickets right by the checkout in gas stations. It's the same premise, just with an online platform. I don't think that's dead because a lot of people are still as impulsive as they've always been.
@@shannushannu5494 COVID-19 put that in the coffin already. Shipping times way too slow. I'm hearing like 3 months in some cases. It is difficult to find a good supplier in the US though.
How much are you guys making, would be nice to have your opinion instead of some influencer trying to sell his course, have you had any trouble to start, how was it?
@@drewdebrocke2656 It depends on how you approach the dropshipping. Mini market/convenience store in an essence is a dropshipping business that exchange the convenience and availability without adding any value to the item itself, which meaning that even without adding value to items, you can still make profit. Justin above already pointed that marketing is a viable exchange for profit. MLM(not a pyramid one) is an example of exchanging marketing with profit. Marketing items that has no selling power outside of its own region internationally will give you profit. There is also availability option where you can only get certain item from dropshipper like obtaining branded items with its branded quality but without the logo.
@@keihazuki22 Ehh, convenience stores can general buy their stock with bulk or wholesale prices, meaning the cost to the customer remains sane. Dropshippers, on the other hand, literally just place an order and have it shipped to their customer when their customer makes the order, meaning the customer literally could have just bought the same thing for a lower price from the source. The whole point of drop shipping is that you don’t need to hold any stock, meaning you can’t get bulk or wholesale discounts. The only value you’re adding is marketing, but remember that a certain amount of marketing had to be done for you to find it in the first place.
MarcosArg right any logical person knows to have multiple streams of income. Nothing wrong with an extra income for a profit income. it’s about what you do with your earnings not how long it takes you to get it.
It's true the only wrong thing in those online classes are the expensive houses with the get rich quick but even amazon wasn't made in one day you still have to put the work in if you want it to work
Dropshipping is literally a business that basically works as a sales division to a warehouse manufacturer. And sales is one of the most valuable industries in an economy, basically all things are secondary.
To the two folks above me who replied: Next time you want to buy something, try going to a manufacturer and getting your stuff from them. I’m sure you’ll be back to your favorite sales people before you know it.
Hey Jake. Good video! Here's an alternative viewpoint. Dropshipping, while in most cases is not the greatest long-term business model, it's an EXCELLENT way for beginners to quickly learn a bunch of business/digital marketing skills. Anyone that goes through the process of running a dropshipping business from start to finish has to learn how to: 1. Do market research & competitor analysis 2. Decide on a business name and register a domain 3. How to setup Shopify / email accounts / payment processors / edit themes 4. How to design a logo & edit images / use photoshop / video editing software 5. How to write good website copy, product descriptions, ads and come up with different marketing "angles" 6. Set up social media profiles & run Facebook ads 7. Read data, set up reports, manage cashflow and look at business metrics like COGS, ROAS, ROI etc. 8. Basics of conversion rate optimization /split testing 9. Source products, deal with suppliers & negotiating 10. Writing job descriptions, interviewing/hiring staff, writing SOP's and training manuals ... and more! These skills are all invaluable and best of all, transferable to any future ventures/projects! Just my 2c :)
a·ly·gra·phy that’s probably because you didn’t apply what you learnt into the real world. real life experience is worth more than studying that something
Mate, that ad callout at 7:15 was utter perfection. "Do you want to start a dropshipping business with .... *skip ad*" So very satisfying to know that dude wasted his money on that ad.
@@TheMonkeyNetwork Yea like everyone knows what a fkn dropshipping store is lmao do you even know how business works lol people just want to buy what they see without thinking about it
Hey, I know I'm a couple years late, but I've heard it said that Amazon subsidizes their storefront because it actually loses them money. Their real focus is on cloud computing. So pretty much everything you said is accurate. Dropshipping isn't as profitable as one would think, but Amazon is playing the long game, trying to drive its competitors out of business before it starts raising prices to make it a profitable venture. Or so I've heard it said.
Dropshipping is only dead if you look at it like a get quick rich scheme which they don’t exist. If you put in the time and work it takes you can have a successful dropshipping store
@@zacharypeterson4178 if you look at any business model with that mindset then you will lose money. I've been dropshipping for a year and it is my only source of income. You can be very profitable with it if you put the time and effort in.
@@v3ike It looks like we agree with one another. Provided one puts in sufficient time and effort into dropshipping, it becomes quite a great industry to be in.
Drop shipping isn't horrible. I am doing it for three years already, and now one of my stores generates 2000$ monthly. I used to spend hours on product research, but now I have my products prepared by hunting service from wz dropshipping. They add five new products every week. They need some time to find trending ones, I guess.
@@goshdiddlydarnjpentranslat6873 why, nobody ever gets the original price anyways. Whatever product you buy, the seller bought it at a wholesaler price, something you buy thats 20 bucks cost the seller 3 bucks. And various sellers sell it at a different price.
Many people say that it is dead in 2021. The problem is, they can't find the right products which is, in my opinion, the most important thing for this type of business. If you are struggling to find a so-called "winning" product or you don't have much time to and test products, I could recommend some "hunting" servies like wz dropshiipping or some others as well... Feel free to share your suggestions!!
Many people say that dropshipping is dead in 2021. The problem is, they can't find the right products which is, in my opinion, the most important thing for this type of business. If you are struggling to find a so-called "winning" product or you don't have so much time to run and test products, I would recommend some "hunting" services like wz dropshipping or others...
People call my business a drop shipping business. I do the same thing the next 20 bigger companies in my business do. It’s stupid lucrative and anyone can come in
Dropshipping is entirely possible as a long term business as long as you treat it as a business and not a "business out of a box" (most people dont follow this!). Focus on US suppliers, and a good customer experience, and its entirely possible for everyone to leave satisfied.
@@luthor24127 It's not bias, it's personal experience. I have dropshipping stores i've been running for 7+ months with customers completely satisfied. Jake has a great point that most dropshippers are just in it to make a buck and dont care about customers, and that's not a sustainable model. If you address this issue, you can be very successful.
Literally this video horrible description of drop shipping. There’s literally nothing wrong with it. Its no different than physical stores. Money has always been value??? And plus, just because a person has the first bid in a product doesnt make them the ONLY ones to buy from. Theres Millions of clothing brands and most of them make tons of money.
Theres a lot of confusion so I wanna clear some things up. Dropshipping is just a fulfilment method. Theres a lot of different ways you can incorporate it into your business. I sell supplements on eBay for different brands and the supplier offers dropshipping instead of buying in bulk. You have to actually find the product and market the product and run the ads. Your just connecting buyers and suppliers just like any other business. I’ve been doing it for a over a year on eBay and its really profitable and sustainable especially during the pandemic. I use domestic suppliers so 2 day shipping not 3 weeks. You said there’s almost no value. That’s like saying marketing agencies provide no value. You said it’s been around for a few years when its been around for well over a decade. I’m assuming you took a shopify dropshipping course and got no results so your putting down the whole business model when you can do it on eBay, Amazon, Etsy etc. Not hating on you I just think your misinformed.
@@nzmanhdee6246 you can't just say it's oversaturated. Dropshipping is a fulfillment method, why would the fulfilment method affect anything. You could say a specific niche is oversaturated but even that's a stretch since saturation has pros and cons of its own.
Ebay trash i lost money becouse of false complinates and the sellers always wining these disputes i nearly lost my invest of £200 becouse one custumer sayed it dint work even tho is was fully tested.
When any given industry experience a rise in "how to" videos and online gurus the industry is saturated and selling a course is more profitable than the actual business - In short, you're fighting the odds and won't make money, because you're too late.
@@lil_jong-un6668 um… NFT’s aren’t like a specific business. The reason why people are making videos on it instead of trying to make money on it themselves is because they don’t actually understand it. And the average person should not be “investing” in NFT’s to begin with.
Anyone with experience can tell you fast shipping times doesn't matter. If someone wants something, they'll buy it and forget about it until it arrives. I've made thousands from dropshipping products that take 2-4 weeks to arrive, nobody cares.
@@zeapic8500 eh, when he says "I dont say CHECK IT OUT, ITS IN THE DESCRIPTION"... it takes 10 IQ to realise what hes doing... though I admit it was kinda funny
Yea I'm going to have to disagree with this video. Dropshipping is literally just a business model where the product is made on-demand instead of beforehand with a low barrier to entry. It's going to take the same amount of energy and wits to develop a profitable and sustainable business. Your views are very narrow especially about "best prices".... A company like Apple is almost the opposite of "best prices", so that shouldn't even be mentioned. Also, about "fast delivery", it's absolutely up to you the business owner to choose good suppliers with good reputations who can deliver effectively if you're not doing it by yourself (like literally every other model that buys something and sells it at a higher price for profit, aka the majority of businesses). Finally, the point about "big selection" doesn't even apply because many companies build their entire existence around a single product. Just because of Jeff Bezos' quote (which you based your entire video around) was said, it literally means nothing in regards to your premise that "dropshipping is dead". That was a big extrapolation and one that isn't even completely analogous. The tone of your video suggests that you are just talking about people who are bad at business in general, which is to say they don't know how to "provide value" effectively and thus profit from it. Selling low quality crap isn't a business. If you make a product that people want, they will buy it if you provide it at the right price. It has nothing to do with "dropshipping". So I'm going to have to disagree that "dropshipping is dead, because it isnt. That's like saying retail and wholesale is dead. What's actually dead and has always been dead is selling crap. Tl;dr Very weak points. Nice editing though.
I agree with you, but to be honest, the ones that are making money from dropshipping are the ones who don't sell courses and the ones who had been doing it for years. Thats the honest truth!
@@ProppaC yea exactly. Selling courses on RUclips gives dropshipping this sketchy vibe and it just comes off as a scam when in reality it's just a result of social media course selling trend cashing in on an unsaturated market.
@@BananaKyat Just like Amazon FBA...look at Kevin David. He recently posted a video about how he is now quiting youtube right after he got exposed and I notice in all of his videos he took down his courses smh and he makes thousands of bucks for each video he post on youtube just from ads itself, so why would you quit(exposed)?.Most of these gurus are fake as hell and a lot of them are being exposed by coffeezilla.
Im a very visual person, and watching videos like this with relatable video clips helps tremendously in keeping my attention and retaining information. Keep it up
I tried dropshipping for 2 months and ended up with -300 dollars because of ebays ridiculous selling fees. Thanks for telling the truth about dropshipping in tired of people telling others its a great side hustle. The amount of time and effort isn't even worth it even if you can profit some.
@@PhilOfficial1 Because ebay is always on the buyers side. I had several items where the buyer said it didn't arrive, they got a full refund, the item the next day or a few days later and ebay says too late this case is already closed. You can be profitable but the amount of work is not worth the little side money you MAY get.
As an update on dropshipping I heard that Amazon's new policies make dropshipping with them impossible. So dropshipping, at least with Amazon, is in fact 100 percent dead as of 2021. Anyone still trying to sell you on Amazon dropshipping in 2021 is a course selling scammer.
Can somebody help me I drop ship but I ran into a problem because PayPal put a hold on the money so I can’t make a order and they only release it when they receive it but I can’t let em receive it because I’m droppshipping hellppp
I'd like to take a moment to appreciate exactly how insane the Amazon logistics network is. I'm not big on the whole "capitalism" thing, but the ability to ship something from one side of the planet to the other in 24 hours is _damned_ impressive.
I think the airplane should get most of the credit for that and a lot of what's left would go to U.S.P.S who actually finalizes delivery, provides the tracking, offers the package insurance &, is somehow able to do all that with a MASSIVE forced 75 year pension prepayment requirement & had to deal with Trump taking away mail sorting machines to help his electoral chances & set the stage to privatize the postal service
You summed it up beautifully, however another problem with dropshipping is the cheap and or child labor, exploitation and the unethical conditions the workers have to endure in the factories that provide these online stores with cheap products. Remember, everything has a price and if you're not paying it, someone else has to do it for you under less fortunate circumstances.
You literally just described the majority of how products are manufactured. Glad you finally got woke when it became about the average citizen making money off the backs of those sweat shop workers instead of big businesses.
People always forget that the cost of living in those countries is lower than theirs. Coz its "cheap" labor in comparison with your country, but in theirs it may be just regular.
These companies are good at creating a hype and bringing in people to WORK for them! Just like Uber and Lyft (aside from its flexibility) when you run the numbers including your car’s depreciation and maintenance - you realize you’re making $10/hour at most. Drop shipping is worse than all of that combined. Plus for most people, you’re in business of ripping customers off with super low grade and quality products with 3 months shipping delay. In the process dropship founders will cash out big
If the creator is making a lot of money at it (Selling courses) I guess I understand now, but I think his involvement in "Get rich/succeed in business/Motivation" type stuff hurts his credibly and he is clearly a very talented creator. I hope that as he grows he moves more towards journalism because he has a gift
Too many trust fund babies became journalists...so the steady income side of it has died. Look at the Russia gate hoax..giving each other Pulitzers for lies. Then a real journalist like glen Greenwald...the Snowden leak journo..his financial career and mainstream rep has suffered. Now it is all political propaganda pretending to be news. Some are making some money on substack..but investigator journalism is dead..unless it has a political or other sort of goal.
I worked for a bricks-and-mortar vacuum cleaner shop in the noughties, we had stock for the shop, but our entire online presence was facilitated by drop shipping from the manufacturers. The margins were tiny so one return wiped out three sales; luckily the product was rock solid so this rarely happened, but I wouldn't try it with anything and everything.
Good take on it! I think that when people are like "I'm going to sell this mug with a dog on it and make millions" and that there are these "influencers" punching that narrative to get people to buy their course, I think there's a problem there. Personally, I plan to use drop shipping as a way to fuel a larger brand, with hopes of phasing out dropshipping and manufacturing things on my own. I think it's a good first step for people to start a brand, but I think it's definitely overhyped as a get rich quick scheme.
Keep on grinding and you’ll get there. I’m currently starting the same. Building your own brand is one of the best ways to make good money. Drop shipping will only add onto the skills you’ll need to build your own name!:)
Huge misconception: Dropshipping is a buissness Dropshipping IS NOT a buissness. Dropshipping is merely a METHOD of handling inventory inorder to improve a businesses cash flow. A buissnesses cash can be entangled or tied up in mainly 2 places: Inventory and accounts receivable (people who owe the business money - loans to other entities ect...) Therefor when A business uses a dropshipping modle they have a lot of cash that can be put to use in marketing and operations instead of being tied up in inventory. another way to look at this is a pre order modle. this also helps a businesses cashflow as cash is not tied up in inventory. Tesla did not invest billions in to cyber trucks and have tens of thousands of them ready for sale. They did a pre order model where they brought a MVP ( minimum viable product ) to the market. they offered pre orders that gave Tesla 2 important things: 1) proof of concept , meaning they now have proven that the market reacted well to the product launch 2) cash from pre order deposits which helps the cash flow and can be put to work in product development. Tesla could have invested billions and had tens of thousands of cyber trucks ready for sale, but they and many other businesses prefer to diversify there cash and risk by using a "lean start up" model approach. There is no diffrance whether a business holds its inventory or pays for its inventory as a pay as you go modle also known as dropshipping. as regards to shipping times : if the supplier has inventory in the country you sell in you can provide decent shipping times. Once you have proven proof of concept and you product is selling well and there is no way to source it from the country you are selling in should you start using a diffrent inventory method for you business and start buying whole sale hope this brought some value and would love to hear thoughts
Cmon let him be typical worker like he is right now. He claims he has achieved freedom, but still he needs to work his ass off to get coding projects on freelance websites, it is still working for someone else. He needs to keep working with ppl and listening to clients (like his boss). Getting paid hourly. Pff. Good luck for him. You know some people are not meant to be entrepreneurs.
I'm not saying dropshipping is viable business anymore, however there are plenty of businesses that do not create any value for customers that still make huge amounts of money. It's the perceived value that entices customers to justify spending money on your products, how much value you actually provide is irrelevant. Also, ease of use is also a form of value. If your service allows people to find products they otherwise would not have found, that's also a form of value. Think about casinos or designer clothing. Companies that resell Microsoft services like Office 365 and the like make billions of dollars every year. That said, there are other problems with dropshipping, but you cannot neglect the marketing aspect.
Dropshipping might be a good business 10 years ago, it's not any more today. It's just basic economics. When supply and demand reaches equilibrium in a perfectly competitive market, no value add can be created, successful business turns into marketing tactics to sell online courses, based on the experience that no longer works.
Here is why this video is looking at drop shopping the wrong way. Dropshipping is not meant to be a long-running business, getting into it is a way to start earning an amount of money that could support in maybe making your business bigger or making actual businesses, it was never built for big money. Also, there is value in dropshipping stores, and they're the reason I buy from them myself, it's the fact they provide people with certain products that they would take a long time to look for, and if the store is good, they would have tested the quality too, so they save you two things, time looking for something, and quality variance in online stores. Also, I know this is before COVID, and now shipping is delayed for everyone, but even back in the days where shipping was fine, my country never had the option of same-day delivery, more of, me buying from Amazon means I'll have to pay delivery where a lot of dropshipping sites offer free shipping and delivery. So the whole problem with this video is you took the customer character of an avid Amazon buyer that has the advantages that Amazon offers, and that's not even half of the world's population. The last thing is, as a consumer, at this point, if I want to buy something, I usually follow dropshipping pages and sites, it's better to see the things I like than everything on the internet that I might not be able to buy! It's not a long-running business, especially if you don't grow with it, but there are still a lot of shops that are almost brand names now that people just prefer to go to so they'd buy what they're interested in with good quality. In the end, you defined what a business should be, defined your own perfect consumer, and ignored the fact that by doing that you could pretty much say any business out there is not a business or is not going to succeed. You killed the whole idea of market research and marketing strategies and different consumer behaviours.
This is so true! I've attempted to create my own dropship, print-on-demand Shopify store (actually... a couple) for the last 9-10 months and eventually had to drop everything completely for these exact same reasons, and a few more. I even tried to ignore "nay-sayers", like this video for example, but eventually came full circle with the exact same realization. The main conclusion (among many) I kept circling back to time and time again is "value"! And I'm not willing sacrifice to the quality of the product I sell, or the service I offer just to make a quick buck.
Aaron Garland is it still good during pandemic ? Or do you order in bulk and store in warehouse ? Do you sell to us only now or to worldwide ? Thanks !
As someone, who is too young (15) to get a full time job, drop shipping seems like a good way for me to spend my time. I understand I might not be profitable, but I will learn a heck of a lot about e commerce along the way.
Interesting perspective. With my 6-figure online businesses created I’ve never done drop shipping, I’m not saying it’s bad, but there’s also the issue of quality control. Was the correct item shipped? Was the item damaged prior to shipping? During shipping? So many unknowns if you don’t have items first hand. But if the products aren’t as susceptible to potential issues like this, drop-shipping could potentially be a good business model. BTW your editing is always 🔥💯
@@RizzoDaManiac These "gurus" don't even practice what they preach. They earn their money by selling their bs courses and these idiots buy the courses and quit their jobs xD
A few months ago, a friend told me he was getting into drop shipping...Money was tight but it only cost $xxx to join and this cute girl told him she made a bunch of money selling water filters. All he had to do was run some FB ads! I ask him how much money he had to spend on Facebook ads. He screamed at me because I "didn't understand!" 2 months later, he'd started a new business helping construction contractors bid projects, something he's extremely good at!
@T Martin My apologies, I wasn't clear was I? He was only getting into it because of the cute girl. He had no clue what he was getting into... He got angry with me but followed up on what I'd told him and realized it wasn't the right thing for him! Once he stepped back and took a look at it he realized he could leverage his years of experience and contacts as a contractor and make money contracting to do bids for people! But I know several people who got sucked in and spent a lot of money before they realized they were making money for someone else at their own expense... Not that it can't be done, just that it's stacked against you.
for those of us who actually know how the RUclips ad algorithm works... we're not surprised... and those of us who know how advertising works, also know his assumptions on drop-shipping are wrong. but as a dropshipper... please listen to him. I have no issue with this video getting super popular and keeping people out of the business.
Love that this had one of those "I gotta secret and make tons of money" ads that's probably drop shipping . Either way, it's so good that they're going to share it with you, and give themselves competition. And spend time letting you know about it, because they're such generous people.
"So i ordered now this cute awesome product now. When will it arrive?" "In 28 days. No, 35 days" "But i want it now! The store at downtown has it already in stock" "But this one is cheaper than the one you can get right now" "You know what, thanks" *customer canceled the order* That's why i left drop shipping
Sorry to say that, but you didn´t try at all. There are a lot of solutions for such long shipping time. You can get 3-5 days shipping if you put your time and effort into it. I am not trying to defend anything or act like I'm butthurt, I am actually quite thankful for this video :D This just means there is a lot less competition if more and more people feel like "Dropshiping is dead". If you treat dropshipping as a "get-rich-quick-scheme" of course you won't see success and start to hate it. Try to treat it like a real business, like a real fuck*ng legit business.
Dropshipper here making over six figure income. I think you make a big mistake right off the bat by comparing Amazon to dropshipping. The idea is the same, you sell stuff online in a shop, but the ideology behind the purchase can not be more different. You target people off Facebook with ads with dropshipping and appeal to the customers desire of buying stuff spontaneous, look at it as TV shopping but on Facebook. You go to Amazon when you know need soemthing, new headphones or new frying pan. Like I said, diffrent...
Dropshipping doesn’t really work anyways now, a lot of hosting providers don’t allow it anymore, payment processors like Stripe if they find out you drop ship they cancel your account.
Regarding self proclaimed gurus that offer "get rich quick" courses online, I have always thought to myself: "If they really have found a _low threshold_ business model that works like a charm for them, why on Earth would they want to "sell courses" that recruit competitors to themselves?"
I can't totally agree with the video... The "Amazon way" is just that, one way of making business. Luxury or "big selection, low prices and fast shipping" aren't the only ways of adding value. Dropshipping is a lot about "winning products" and niches exactly because people usually won't spend hours looking for the coolest and/or newest products on AliExpress. In a world of stores with very big selections (like Amazon), dropshipping is almost like a curated service, presenting products to people that they didn't know existed but would like to buy. That's how I see dropshipping. Even though I don't do it myself, I'd say it still has room to grow a lot.
Facts!! You nailed it. “Dropshipping is almost a curated service” 👏👏👏 exactly. Not to mention presenting it in simply a more “trustworthy” way than the Ali listings, improving on the copy and description, etc. AND even on Amazon’s own site, many drop shoppers operate lol. And on Etsy. To pretend it’s an all or nothing scenario is disingenuous.
@@zachariah7114 Yeah! People that create successful dropshipping stores invest a lot of time to creating great descriptions and cool pictures. It sounds easy, but I'm sure it's not xD
I think your views on this topic kinda run against the whole idea of capitalism. The idea is to generate as much profit as possible as efficiently as possible, not offer value strictly speaking. Of course it is assumed the free market would weed out lesser competitors but the success of an enterprise isn't really directly linked to value (real or perceived) nowadays imo
yes! i was following him up until the part where he said that amazon provides low prices and fast shipping because they care about their customers. like lol no they care about their customers’ wallets
Dropshipping has been around since the 1950s, that's just aliexpress dropshipping that everyones talking about and frankly those other ways that aren't aliexpress are better. Idk the misconception that its only been around for 3 years.
Dropshipping has pretty much been around since the beginning of modern civilization. Companies need marketers, and not all companies can afford or want to deal with marketing their own product. Why not let someone else do it for them? It's a win-win
So... drop-shipping is becoming a middle man, the thing online shopping intended to cut out in the first place. In fact worse, because there's less customer service and support. Also, great perspective on how much money one earns being the measure of value one can bring to society. That's pretty deep!
The reality is you aren't really running a store, but a marketing business. You help the manufacturer sell their products so you get a cut. That's how people should look at it
6:52 Dropshipping never has been a long term option for anyone, it is a launcher, you make money for cheap with hard work and then you re invest in stocks etc.
nah you would go into real estate you get more of a bang for your buck when you don't have a lot of cash then you yolo the rest in stocks your really convicted in like tesla
"The ad you're about to see is probably about dropshipping"
...yep
Lmao i got one too
same
Took me a minute to realise it wasn’t a joke
Lol me to
No lie I didn't even know it was an ad, I was like "Is this clickbait?, I thought the video said dropshipping is a horrible idea so why is dude trying to convince me to buy a course about drop shipping lol"
The irony of getting a dropshipping ad before this video haha
me too haha
I got 3
Me too
Exactly
All of them were
"Why is this ad you're about to se-"
Plays dropshiping ad......
lol
Lol same thing happened to me
Lol same just happened to me
The same happened to me
Same=)))
Problem with the Dropshipping
1) No control of shipping times
2) No control of inventory
3) Generally low profit margins
4) High competition these days
then people realize you can drop ship through amazon directly and get rid of half of those issues
@@Riikkyy of course, most people who start dropshipping on eBay and Amazon without a proper plan to address those 4 issues and usually get kicked off the platforms. Either way you still don't have the best prices because the person whom you buy your stuff from has already put their profit. There are some ways around this though.
@@crzune yes I’ve tried it and didn’t work out for me think I picked the wrong products
@@Riikkyy You have to find a niche, try looking at RUclips videos there are people that have grossed from 100k to 1 million. You can also look at sold listings on eBay to see what is good to sell
@@Riikkyy drop shopping with Amazon is getting phased out. They’ve made some changes that make it difficult to dropship through them.
The fact I got a drop shipping add literally immediately after he says “you might even get a drop shipping ad right now” is something beautiful
It shook me 😶
It’s called targeted ads
I got a drop shipping ad before the video even started
I got it before 😅
It's cause this video is about dropshipping 🙂, on a business channel
When there is a gold rush, sell shovels
good point
Agreed, it's more stable and safe
What about selling the course for gold mining
BrO tHatS deEp. ..
hell yeah
I wondered why "successful" drop shippers were selling courses on Instagram. Thanks for explaining.
Wow never would have thought to see you here! Cheers to India haha!
People who have a business-oriented mindset tend to capitalize on as many things as they could, that's why. They simply want to have multiple sources of income.
Omg pewdiepie!!
@@maha-tg7df nah, cuz dropshipping is all about branding and marketing..... when everyone is selling toothbrushes, whoever can spend the most money on advertising and branding wins.
They were selling "success" lmfao
I have to come home EVERYDAY & argue with my brother over this shit. He SWEARS that “if we do this dropshipping thing for long enough, we can quit our jobs and hire our mom as an employee.” I’ve tried & tried & tried to tell him that shit like this would have been a good idea in 2011, but Amazon has stepped their game up. If you figure out how to do something better than them, they’ll undercut you. If you figure out how to be nicer, they’ll drop their prices. If you figure out a unique product, they’ll make it for cheaper. Amazon wins. I’m so sick of coming home & having to talk to a brick wall that’s trying to get me to throw my money away with him on a fake business model.
lmao, dropshipping aint a business model... it's a fulfillment process. The business Ins't drop shipping it's an online store selling a product(s). He aint building a dropshipping store, hes building a business, which for now fulfills their products through a manufacturer... maybe quit putting him down and let him understand this. edit: actually nah, scrap that, keep putting him down, because thats what I had to go thru lmao.
@@layeed1234 don’t give up if it didn’t work bro !
@@mylesmurphy5716 nah brother its going well now ahah
@@layeed1234 okay good bro !
@@layeed1234 do i need to put money into drop shipping to start? lmao
"Money comes from providing Value"
Stock Traders: I have to disagree.
80% of day traders lose money
Stock traders provide capital, which inherently has value
Depends if you’re talking of a day trader or someone who plays the long game lie warren buffet
Stock traders are useful to give a value to an entity. But they are way overrated
Etienne Lamole Capital is incredibly important
I did dropshipping for a couple years. I wasn't "making millions" but I did make a full time income. I would not make make customers wait 3 weeks for their product though. I would usually test a product using a "pre-order" method in which if I got enough traction on a product, I'd order the product in bulk and use a fullfillment center in the US, that way new customers would have sub 5 day shipping times. Unfortunately I have shiny object syndrome, and that's why I eventually quit.
Dropshipping isn't dying as a whole, but dropshipping from China is.
@UCCBLun1xZVdGtWJa9lTP2Aw it's basically the inability to focus on one business or idea/get bored easily. I made a video on my channel called "why many entrepreneurs fail" that goes into detail a little bit.
Damon Neal what he said ^
Damon Neal Whats the logistics behind buying in bulk and then shipping it to a fulfillment center in the us? Do u check the bulk products for any defects before u tell the center to start shipping?
What’s the cost for shipping it from fulfillment centers?
@@BlakeTedKord The dude is trying to sell stuff, just like this channel is. Its all to cast the widest net possible and "catch" as many people as possible for their products.
What's a "full time" income?
“Where does money come from”
The Fed: my printer
Actually money really is created when banks loan it. It has nothing to do with "creating value". I have had plenty of jobs where I worked hard and got fired, and jobs where I sat around doing jack and made money.
Brtttt
New Lamborghini.
Money is created from bitcoin loans
Business as usual for Demoncraps
I got dropshipped once, I was tricked into thinking it was a hand made product. It turned me into a more suspicious buyer and if I find out someone is dropshipping I will never buy anything from them.
good
Half the products on Amazon are dropshipped!
@@rum410 No, don't know why I would when I can just get them from the source cheaper. Not unless I need it really quick.
@@rum410 then they wouldn't be going to Amazon if they were after those things.
@@ZoeAlleyne Can helping with answer? I try that so long for without conclusion is can be the answer.
If you are think that being when can if do that of is where wasn't can be without it. Do when bring is of it can you up is of there? Or can bring when be of that is? ?
Because when they are there is the in of doing with them they are that ones. So if are they that one is you and without then? When do so can if it was there when it will didn't can then how does it went to that before there is on timing inside without them?
*gets hit with a kevin david shopify ad when opens on incognito mode*
I also got Copyright Kevin ad. Lol
yeah but kevin david quit so that should be a dead give away
The ad your about to see is probably about dropshipping as w-
"HEY GUYS IM GONNA TELL YOU HOW TO EARN 10 000 A MONTH BY DROPSHIPPING ONLY 1 ITEM A DAY"
Up
mine said 12 000 by the end of the week
Yeah don't trust people who sell courses.
So I'm not trusting you too
You Legend
yeah its true tho and they all say that its very cheap on amazon but the same object on amazon costs 10 while on aliexpress its like 2 so dropshopping will still continue
Report to maintenance so we can recalibrate your savage meter
Lol
Dude i can give you a good course join me getting milion a day just send me mail
Love that I got a drop shipping ad in the middle of this video, where the ad explicitly talked about a point you just debunked seconds before the ad played.
because he can choose where to put the ads
@@JYMAHJAMES If you are think that being when can if do that of is where wasn't can be without it. Do when bring is of it can you up is of there? Or can bring when be of that is? ?
Because when they are there is the in of doing with them they are that ones. So if are they that one is you and without then? When do so can if it was there when it will didn't can then how does it went to that before there is on timing inside without them?
@@lilsand. HUH
@@JYMAHJAMES just can answer C'mon this one mate helping ?
"Why is this ad you're about to see probably about dropship--"
- Hello guys....
Me : Holy Shi- 🤯
HAHA i received the same thing!
Same
😕😅😂 got the same thing
I got one a milisecond right after spongebob smiled about it coming!
My mind literally exploded in that moment
"Why is this ad you are probably about to -"
*DROPSHIPPING AD NUMBER 3*
Exactly ! Wtf
LMAOOOO
drop shippers are just advertisers, they move products for businesses in china. They are just a middle man and get paid compensation for the effort. Drop shipping is a impulse sale business. Now Amazon sells from stores, takes time to browse and is just like any other business like ebay etc. Drop shipping will always be around
@Capybara with mandarin true. I was surprised when he said there's no value to it
Also drop-shipping typically focus on a niche. They sometimes include a blog with their site giving their customer more information. Amazon too big for that so they have slightly less care for customers.
1:16 Drop Shipping with aliexpress may die but dropshipping as a whole - Nah!
True. I don't impulse buy a whole lot, but there's a market for it because tons of people do. Think of why they put candy bars by registers at Walmart or lottery tickets right by the checkout in gas stations. It's the same premise, just with an online platform. I don't think that's dead because a lot of people are still as impulsive as they've always been.
@@shannushannu5494 COVID-19 put that in the coffin already. Shipping times way too slow. I'm hearing like 3 months in some cases. It is difficult to find a good supplier in the US though.
“This ad you’re about to see is probably about dropshipping.”
This man is an Oracle
People say dropshipping is dead for ages. I think it's good because that means less idiots.
Exactly less competition😂
Yeaaaa its amazing😊
You right its a good thing finally
fewer idiots. Not less.
How much are you guys making, would be nice to have your opinion instead of some influencer trying to sell his course, have you had any trouble to start, how was it?
Because money doesn't come from providing great value, it comes from having great marketing.
True
shortterm dropshipping works but longterm it bites you back
@@drewdebrocke2656 It depends on how you approach the dropshipping. Mini market/convenience store in an essence is a dropshipping business that exchange the convenience and availability without adding any value to the item itself, which meaning that even without adding value to items, you can still make profit.
Justin above already pointed that marketing is a viable exchange for profit. MLM(not a pyramid one) is an example of exchanging marketing with profit. Marketing items that has no selling power outside of its own region internationally will give you profit.
There is also availability option where you can only get certain item from dropshipper like obtaining branded items with its branded quality but without the logo.
It comes from exploiting the surplus labor value of your workers
@@keihazuki22 Ehh, convenience stores can general buy their stock with bulk or wholesale prices, meaning the cost to the customer remains sane. Dropshippers, on the other hand, literally just place an order and have it shipped to their customer when their customer makes the order, meaning the customer literally could have just bought the same thing for a lower price from the source. The whole point of drop shipping is that you don’t need to hold any stock, meaning you can’t get bulk or wholesale discounts. The only value you’re adding is marketing, but remember that a certain amount of marketing had to be done for you to find it in the first place.
It is only dead if you treat it as a "get rich quick"scheme, but if you treat it as a business, that is whole different game.
MarcosArg right any logical person knows to have multiple streams of income. Nothing wrong with an extra income for a profit income. it’s about what you do with your earnings not how long it takes you to get it.
It's true the only wrong thing in those online classes are the expensive houses with the get rich quick but even amazon wasn't made in one day you still have to put the work in if you want it to work
It's not dead...it's horrible. Because you're selling shit products that take forever to deliver. IF they deliver at all.
People are not stupid they know where to find exactly that product for way much cheaper
@@ahmedmani1051 People are not stupid?😆 Are you stupid?
Dropshipping is literally a business that basically works as a sales division to a warehouse manufacturer. And sales is one of the most valuable industries in an economy, basically all things are secondary.
Sales is the secondary non valuable part of any economy.NO the real sector of any economy is manufacturing.
It is literally an artificial business tbh. It creates nothing and just creates inefficiency in the economy.
To the two folks above me who replied:
Next time you want to buy something, try going to a manufacturer and getting your stuff from them. I’m sure you’ll be back to your favorite sales people before you know it.
@@poloska9471 would you rather have an economy of majority sales people or an economy of manufacturers look at the difference between china and US
Sales isn't an industry
Hey Jake. Good video! Here's an alternative viewpoint. Dropshipping, while in most cases is not the greatest long-term business model, it's an EXCELLENT way for beginners to quickly learn a bunch of business/digital marketing skills. Anyone that goes through the process of running a dropshipping business from start to finish has to learn how to:
1. Do market research & competitor analysis
2. Decide on a business name and register a domain
3. How to setup Shopify / email accounts / payment processors / edit themes
4. How to design a logo & edit images / use photoshop / video editing software
5. How to write good website copy, product descriptions, ads and come up with different marketing "angles"
6. Set up social media profiles & run Facebook ads
7. Read data, set up reports, manage cashflow and look at business metrics like COGS, ROAS, ROI etc.
8. Basics of conversion rate optimization
/split testing
9. Source products, deal with suppliers & negotiating
10. Writing job descriptions, interviewing/hiring staff, writing SOP's and training manuals
... and more!
These skills are all invaluable and best of all, transferable to any future ventures/projects!
Just my 2c :)
totally agree, that's why I am getting into it. Looking it as a value and experience provider, rather than quick way to make money
Agreed 100%
truth. I am a graduate of design and advertising stuff but I have learned more than what I've learned from school.
a·ly·gra·phy that’s probably because you didn’t apply what you learnt into the real world. real life experience is worth more than studying that something
Bro this aint 2 cents. You gave more content than what "Dropship gurus" sell for $100 lol
Mate, that ad callout at 7:15 was utter perfection. "Do you want to start a dropshipping business with .... *skip ad*"
So very satisfying to know that dude wasted his money on that ad.
Probably made it back several times over through his course
Only gets charged if you clicked it tho
At a million views on this video, you shouldn't underestimate how manh gullible people are out there
True
He doesn't pay for skipped ads, only if its clicked or you watch it for 30s or something
two words: Impulse buy.
Exactly
Consumerism.
those two words wipes the guy's whole video, cheers for the work on the video tho!
Impulse buy from a random drop shipping store? Yeah right...
@@TheMonkeyNetwork Yea like everyone knows what a fkn dropshipping store is lmao do you even know how business works lol people just want to buy what they see without thinking about it
Hey, I know I'm a couple years late, but I've heard it said that Amazon subsidizes their storefront because it actually loses them money. Their real focus is on cloud computing. So pretty much everything you said is accurate. Dropshipping isn't as profitable as one would think, but Amazon is playing the long game, trying to drive its competitors out of business before it starts raising prices to make it a profitable venture.
Or so I've heard it said.
Welcome to capitalism heh
Literally as soon as you said “you’ll probably an ad about drop shipping” one popped up at that exact moment
😂
I was so shook when I got the dropshipping ad I just... watched the full thing in awe.
Dropshipping is only dead if you look at it like a get quick rich scheme which they don’t exist. If you put in the time and work it takes you can have a successful dropshipping store
This is, however, a relatively risky niche that comes with small margins and with great effort
It's not terrible, but also no great
@@zacharypeterson4178 wth are you talking about lol it's a business not a niche and it's not risky
@@v3ike Not risky in a traditional sense but if you rely on it like, as stated above, a "get rich quick" scheme, you're gonna be dissappointed
@@zacharypeterson4178 if you look at any business model with that mindset then you will lose money. I've been dropshipping for a year and it is my only source of income. You can be very profitable with it if you put the time and effort in.
@@v3ike It looks like we agree with one another. Provided one puts in sufficient time and effort into dropshipping, it becomes quite a great industry to be in.
Drop shipping isn't horrible. I am doing it for three years already, and now one of my stores generates 2000$ monthly. I used to spend hours on product research, but now I have my products prepared by hunting service from wz dropshipping. They add five new products every week. They need some time to find trending ones, I guess.
Its an awful practice, you should feel bad about what you are doing.
@@goshdiddlydarnjpentranslat6873 why, nobody ever gets the original price anyways. Whatever product you buy, the seller bought it at a wholesaler price, something you buy thats 20 bucks cost the seller 3 bucks. And various sellers sell it at a different price.
@@goshdiddlydarnjpentranslat6873 Why?
@@goshdiddlydarnjpentranslat6873 What makes it awful?
@@goshdiddlydarnjpentranslat6873 Why should I feel bad?
Ayy who remembers when Soulja Boy tried drop shipping the “Soulja Game”
Yes furry, I do
tried? he did and made millions lol
He didn't try, he succeeded hahaha finessing people that soulja fella
@@wdev9327 didn't he get sued by Nintendo?
Soulja boy invented dropshipping
The ad u abt to see is probably abt dropshipping as well
"All these gurus, youtubers and experts out there....."
Ah shit here we go again
That adds so annoying, he got sued for something aswell
Thank you for making it so there’s less competition
ahahaha
Ayy we need more videos like these lmao
hahahaah shit
hahaaahhaa
Exactly 😁😁😁
Many people say that it is dead in 2021. The problem is, they can't find the right products which is, in my opinion, the most important thing for this type of business. If you are struggling to find a so-called "winning" product or you don't have much time to and test products, I could recommend some "hunting" servies like wz dropshiipping or some others as well... Feel free to share your suggestions!!
I suggest you go spam somewhere else.
Shitter. Nobodies gonna use your dumb site.
lmao business to sell businesses their products that they're not even selling
Many people say that dropshipping is dead in 2021. The problem is, they can't find the right products which is, in my opinion, the most important thing for this type of business. If you are struggling to find a so-called "winning" product or you don't have so much time to run and test products, I would recommend some "hunting" services like wz dropshipping or others...
People call my business a drop shipping business. I do the same thing the next 20 bigger companies in my business do. It’s stupid lucrative and anyone can come in
@♃_неороманист_♃
Their comments seems suspicious but kinda "real". The bots are getting smarter!!
away with you, bot
Dropshipping is entirely possible as a long term business as long as you treat it as a business and not a "business out of a box" (most people dont follow this!). Focus on US suppliers, and a good customer experience, and its entirely possible for everyone to leave satisfied.
Connor Byers - Making Money Online how do you find us suppliers
@@earthface9191 posting a video about it today!
Yeah, no bias here. Listen to Connor Make Money Online.
@@luthor24127 It's not bias, it's personal experience. I have dropshipping stores i've been running for 7+ months with customers completely satisfied. Jake has a great point that most dropshippers are just in it to make a buck and dont care about customers, and that's not a sustainable model. If you address this issue, you can be very successful.
@@connorbyers Not gonna link me your course?
Dropshipping is all about brand building going into the 2020’s.
Exactly
literally, everyone is saying that every year since like 2016 lol
Good luck wasting time on building a brand when you haven't even hit more than 10k in revenue.
Davi Areias bro it’s the opposite way around, build your brand and brand awareness which will eventually lead to revenue.
"Build your brand" is what every bullshit financial guru says on youtube
Literally this video horrible description of drop shipping. There’s literally nothing wrong with it. Its no different than physical stores. Money has always been value??? And plus, just because a person has the first bid in a product doesnt make them the ONLY ones to buy from. Theres Millions of clothing brands and most of them make tons of money.
Drop shipping is dead buy my courses on how to get a job in the description... I dont know man, why should i trust what you say ?
facts
You don't
It's obvious, people want less competition. Think for yourself.
K A exactly
@@KA-vs7nl No lol
Theres a lot of confusion so I wanna clear some things up.
Dropshipping is just a fulfilment method. Theres a lot of different ways you can incorporate it into your business. I sell supplements on eBay for different brands and the supplier offers dropshipping instead of buying in bulk.
You have to actually find the product and market the product and run the ads. Your just connecting buyers and suppliers just like any other business. I’ve been doing it for a over a year on eBay and its really profitable and sustainable especially during the pandemic.
I use domestic suppliers so 2 day shipping not 3 weeks.
You said there’s almost no value. That’s like saying marketing agencies provide no value. You said it’s been around for a few years when its been around for well over a decade.
I’m assuming you took a shopify dropshipping course and got no results so your putting down the whole business model when you can do it on eBay, Amazon, Etsy etc.
Not hating on you I just think your misinformed.
Markets oversaturated.
Shhhh my guy, don't say it so loud. They might actually come to their senses.
Isha Ashi yes just tell them it’s saturated less completions for us
@@nzmanhdee6246 you can't just say it's oversaturated. Dropshipping is a fulfillment method, why would the fulfilment method affect anything. You could say a specific niche is oversaturated but even that's a stretch since saturation has pros and cons of its own.
Ebay trash i lost money becouse of false complinates and the sellers always wining these disputes i nearly lost my invest of £200 becouse one custumer sayed it dint work even tho is was fully tested.
When any given industry experience a rise in "how to" videos and online gurus the industry is saturated and selling a course is more profitable than the actual business - In short, you're fighting the odds and won't make money, because you're too late.
Well said, imo
Yep. Looking at you, NFT
@@lil_jong-un6668 um… NFT’s aren’t like a specific business. The reason why people are making videos on it instead of trying to make money on it themselves is because they don’t actually understand it. And the average person should not be “investing” in NFT’s to begin with.
Anyone with experience can tell you fast shipping times doesn't matter. If someone wants something, they'll buy it and forget about it until it arrives. I've made thousands from dropshipping products that take 2-4 weeks to arrive, nobody cares.
Says he doesnt like selling courses
*sells course in description*
They’re all the same
@@zeapic8500 eh, when he says "I dont say CHECK IT OUT, ITS IN THE DESCRIPTION"... it takes 10 IQ to realise what hes doing... though I admit it was kinda funny
@@zeapic8500 ok, fair
He didn't say he didn't like selling courses.
Get rich easy courses sell false promises. That is difficult
Yea I'm going to have to disagree with this video. Dropshipping is literally just a business model where the product is made on-demand instead of beforehand with a low barrier to entry. It's going to take the same amount of energy and wits to develop a profitable and sustainable business.
Your views are very narrow especially about "best prices".... A company like Apple is almost the opposite of "best prices", so that shouldn't even be mentioned. Also, about "fast delivery", it's absolutely up to you the business owner to choose good suppliers with good reputations who can deliver effectively if you're not doing it by yourself (like literally every other model that buys something and sells it at a higher price for profit, aka the majority of businesses). Finally, the point about "big selection" doesn't even apply because many companies build their entire existence around a single product.
Just because of Jeff Bezos' quote (which you based your entire video around) was said, it literally means nothing in regards to your premise that "dropshipping is dead". That was a big extrapolation and one that isn't even completely analogous.
The tone of your video suggests that you are just talking about people who are bad at business in general, which is to say they don't know how to "provide value" effectively and thus profit from it. Selling low quality crap isn't a business. If you make a product that people want, they will buy it if you provide it at the right price. It has nothing to do with "dropshipping". So I'm going to have to disagree that "dropshipping is dead, because it isnt. That's like saying retail and wholesale is dead. What's actually dead and has always been dead is selling crap.
Tl;dr Very weak points. Nice editing though.
I agree with you, but to be honest, the ones that are making money from dropshipping are the ones who don't sell courses and the ones who had been doing it for years. Thats the honest truth!
@@ProppaC yea exactly. Selling courses on RUclips gives dropshipping this sketchy vibe and it just comes off as a scam when in reality it's just a result of social media course selling trend cashing in on an unsaturated market.
@@BananaKyat Just like Amazon FBA...look at Kevin David. He recently posted a video about how he is now quiting youtube right after he got exposed and I notice in all of his videos he took down his courses smh and he makes thousands of bucks for each video he post on youtube just from ads itself, so why would you quit(exposed)?.Most of these gurus are fake as hell and a lot of them are being exposed by coffeezilla.
@@ProppaC funny you should mention that name. I recently started watching his exposure vids lol.
@@BananaKyat lol same here, Im sure these gurus want his head right now
Im a very visual person, and watching videos like this with relatable video clips helps tremendously in keeping my attention and retaining information. Keep it up
I tried dropshipping for 2 months and ended up with -300 dollars because of ebays ridiculous selling fees. Thanks for telling the truth about dropshipping in tired of people telling others its a great side hustle. The amount of time and effort isn't even worth it even if you can profit some.
It is a good side hustle
Why would you use ebay tf
Why ebay and why giving up so fast
@@PhilOfficial1 Because ebay is always on the buyers side. I had several items where the buyer said it didn't arrive, they got a full refund, the item the next day or a few days later and ebay says too late this case is already closed. You can be profitable but the amount of work is not worth the little side money you MAY get.
@@ShadraqsVids16 why would you use eBay and not shopify?
As an update on dropshipping I heard that Amazon's new policies make dropshipping with them impossible. So dropshipping, at least with Amazon, is in fact 100 percent dead as of 2021. Anyone still trying to sell you on Amazon dropshipping in 2021 is a course selling scammer.
What’s their policy?
That is 100% bullshit lmao
Dont know bout amazon dropshipping but Amazon FBA is still good right?
Dropshipping single products is dead. Building a brand and general dropshipping isn't
How the fuck im making 5figures with single products ?
@@korasavage3650 because of impulse buyers, simple as that. As long as those are still arpund you got that bag secured
@Omer Seth he's selling counterfeit goods from aliexpress
Can somebody help me I drop ship but I ran into a problem because PayPal put a hold on the money so I can’t make a order and they only release it when they receive it but I can’t let em receive it because I’m droppshipping hellppp
@@ocbackup6830 Hahaha that’s what happens when you decide to be a drop shipper. Get caught up when merchants snuff you out.
I'd like to take a moment to appreciate exactly how insane the Amazon logistics network is. I'm not big on the whole "capitalism" thing, but the ability to ship something from one side of the planet to the other in 24 hours is _damned_ impressive.
amazon doesnt do that.
they don’t do that but their fast delivery would be cool if they weren’t putting their delivery workers into huge stress for minimum wage lol
I think the airplane should get most of the credit for that and a lot of what's left would go to U.S.P.S who actually finalizes delivery, provides the tracking, offers the package insurance &, is somehow able to do all that with a MASSIVE forced 75 year pension prepayment requirement & had to deal with Trump taking away mail sorting machines to help his electoral chances & set the stage to privatize the postal service
No. It doesn't get to the customer on other side of the planet the next day but within the US it does, which is impressive, yes.
I have never found a single thing i searched for on amazon, i still have no idea how that happened.
You summed it up beautifully, however another problem with dropshipping is the cheap and or child labor, exploitation and the unethical conditions the workers have to endure in the factories that provide these online stores with cheap products. Remember, everything has a price and if you're not paying it, someone else has to do it for you under less fortunate circumstances.
I guess that's fair but it isn't like most of the shit on Amazon is any better.
You literally just described the majority of how products are manufactured. Glad you finally got woke when it became about the average citizen making money off the backs of those sweat shop workers instead of big businesses.
@@gothicbbmelvin ong
People always forget that the cost of living in those countries is lower than theirs. Coz its "cheap" labor in comparison with your country, but in theirs it may be just regular.
Same for all the other sellers.
"In fact the add you're about to get is probably about drop-"
Me: *gets dropshipping ad*
Renni it happen to me as well 😂
lmao
And me too
Yeah me too
"i wont have a course at the end, so that's why i put it in the middle"
No joke I really got an ad about drop shipping halfway through this video 💀
These companies are good at creating a hype and bringing in people to WORK for them!
Just like Uber and Lyft (aside from its flexibility) when you run the numbers including your car’s depreciation and maintenance - you realize you’re making $10/hour at most.
Drop shipping is worse than all of that combined. Plus for most people, you’re in business of ripping customers off with super low grade and quality products with 3 months shipping delay.
In the process dropship founders will cash out big
Mom does uber and she makes aboit 25/30 an hr with no English.
At the end of the day, money is nothing more than a byproduct of value creation
"no I promise I won't sell you a course at the end"
Jake, you're straight meming here.
If the creator is making a lot of money at it (Selling courses) I guess I understand now, but I think his involvement in "Get rich/succeed in business/Motivation" type stuff hurts his credibly and he is clearly a very talented creator.
I hope that as he grows he moves more towards journalism because he has a gift
Too many trust fund babies became journalists...so the steady income side of it has died. Look at the Russia gate hoax..giving each other Pulitzers for lies.
Then a real journalist like glen Greenwald...the Snowden leak journo..his financial career and mainstream rep has suffered.
Now it is all political propaganda pretending to be news.
Some are making some money on substack..but investigator journalism is dead..unless it has a political or other sort of goal.
I worked for a bricks-and-mortar vacuum cleaner shop in the noughties, we had stock for the shop, but our entire online presence was facilitated by drop shipping from the manufacturers. The margins were tiny so one return wiped out three sales; luckily the product was rock solid so this rarely happened, but I wouldn't try it with anything and everything.
Holy crap, the midroll ad was a drop shipping guru and it had me rolling
Good take on it! I think that when people are like "I'm going to sell this mug with a dog on it and make millions" and that there are these "influencers" punching that narrative to get people to buy their course, I think there's a problem there. Personally, I plan to use drop shipping as a way to fuel a larger brand, with hopes of phasing out dropshipping and manufacturing things on my own. I think it's a good first step for people to start a brand, but I think it's definitely overhyped as a get rich quick scheme.
Keep on grinding and you’ll get there. I’m currently starting the same. Building your own brand is one of the best ways to make good money. Drop shipping will only add onto the skills you’ll need to build your own name!:)
And how's that going so far?
update man?
How's your brand going?
It doesn't exist 😂
jk
4yrs later drop shipping still works, I make 7k profit monthly at the age of 15............... How's it dead????
really?
"I reply to every single comment on my videos"... success is a beast that makes liars of us all.
Dude your comment is old as hell, you have to comment when the video goes up you tard
That “ad you’re about to see” worked perfectly lol
Huge misconception: Dropshipping is a buissness
Dropshipping IS NOT a buissness. Dropshipping is merely a METHOD of handling inventory inorder to improve a businesses cash flow.
A buissnesses cash can be entangled or tied up in mainly 2 places: Inventory and accounts receivable (people who owe the business money - loans to other entities ect...)
Therefor when A business uses a dropshipping modle they have a lot of cash that can be put to use in marketing and operations instead of being tied up in inventory.
another way to look at this is a pre order modle. this also helps a businesses cashflow as cash is not tied up in inventory.
Tesla did not invest billions in to cyber trucks and have tens of thousands of them ready for sale. They did a pre order model where they brought a MVP ( minimum viable product ) to the market.
they offered pre orders that gave Tesla 2 important things: 1) proof of concept , meaning they now have proven that the market reacted well to the product launch 2) cash from pre order deposits which helps the cash flow and can be put to work in product development.
Tesla could have invested billions and had tens of thousands of cyber trucks ready for sale, but they and many other businesses prefer to diversify there cash and risk by using a "lean start up" model approach.
There is no diffrance whether a business holds its inventory or pays for its inventory as a pay as you go modle also known as dropshipping.
as regards to shipping times : if the supplier has inventory in the country you sell in you can provide decent shipping times. Once you have proven proof of concept and you product is selling well and there is no way to source it from the country you are selling in should you start using a diffrent inventory method for you business and start buying whole sale
hope this brought some value and would love to hear thoughts
Cmon let him be typical worker like he is right now. He claims he has achieved freedom, but still he needs to work his ass off to get coding projects on freelance websites, it is still working for someone else. He needs to keep working with ppl and listening to clients (like his boss). Getting paid hourly. Pff. Good luck for him. You know some people are not meant to be entrepreneurs.
@@bekzodhakimov4573 who?
@@bekzodhakimov4573 You sound like a salty dropshipper.
I'm not saying dropshipping is viable business anymore, however there are plenty of businesses that do not create any value for customers that still make huge amounts of money. It's the perceived value that entices customers to justify spending money on your products, how much value you actually provide is irrelevant. Also, ease of use is also a form of value. If your service allows people to find products they otherwise would not have found, that's also a form of value. Think about casinos or designer clothing. Companies that resell Microsoft services like Office 365 and the like make billions of dollars every year. That said, there are other problems with dropshipping, but you cannot neglect the marketing aspect.
amazon "we are cheap" everyone outside the us "HELL NAW I AINT PAYING $60 SHIPPING"
Yes. I was suprised when Ebay showed me 376$ shipping fee.
It sucks so much when you don’t have eBay / Amazon in your country, shipping prices are just insane
@@user-hs2hd7wp9g lol Amazon and Walmart supposed to come in my country this year, but they are nowhere to be found.
@@user-hs2hd7wp9g I wanted to order a cheap old Dell Optiplex PC. The shipping fee was $374.
Stopping being a europoor lol duh
“That right there is oxana”
Lol😂
😂😂😂
Dropshipping might be a good business 10 years ago, it's not any more today. It's just basic economics. When supply and demand reaches equilibrium in a perfectly competitive market, no value add can be created, successful business turns into marketing tactics to sell online courses, based on the experience that no longer works.
True
Supply-demand? Lol. This is such a textbook way of reasoning, it's flawed.
Here is why this video is looking at drop shopping the wrong way.
Dropshipping is not meant to be a long-running business, getting into it is a way to start earning an amount of money that could support in maybe making your business bigger or making actual businesses, it was never built for big money. Also, there is value in dropshipping stores, and they're the reason I buy from them myself, it's the fact they provide people with certain products that they would take a long time to look for, and if the store is good, they would have tested the quality too, so they save you two things, time looking for something, and quality variance in online stores. Also, I know this is before COVID, and now shipping is delayed for everyone, but even back in the days where shipping was fine, my country never had the option of same-day delivery, more of, me buying from Amazon means I'll have to pay delivery where a lot of dropshipping sites offer free shipping and delivery.
So the whole problem with this video is you took the customer character of an avid Amazon buyer that has the advantages that Amazon offers, and that's not even half of the world's population.
The last thing is, as a consumer, at this point, if I want to buy something, I usually follow dropshipping pages and sites, it's better to see the things I like than everything on the internet that I might not be able to buy!
It's not a long-running business, especially if you don't grow with it, but there are still a lot of shops that are almost brand names now that people just prefer to go to so they'd buy what they're interested in with good quality.
In the end, you defined what a business should be, defined your own perfect consumer, and ignored the fact that by doing that you could pretty much say any business out there is not a business or is not going to succeed. You killed the whole idea of market research and marketing strategies and different consumer behaviours.
This is so true! I've attempted to create my own dropship, print-on-demand Shopify store (actually... a couple) for the last 9-10 months and eventually had to drop everything completely for these exact same reasons, and a few more. I even tried to ignore "nay-sayers", like this video for example, but eventually came full circle with the exact same realization. The main conclusion (among many) I kept circling back to time and time again is "value"! And I'm not willing sacrifice to the quality of the product I sell, or the service I offer just to make a quick buck.
I've droppshipped before, did not make money. I went into with the "I want to fire my boss" attitude
Get into fx trading bro fxdanielsavage on ig or myliferealquick on ig both teach it👌 make money online and then ditch fire ur boss lol 👌
Hey guess what example I'm new to.dropshipping I'm making money I'm not a quitter
Maybe because you suck at it...?
Aaron Garland is it still good during pandemic ? Or do you order in bulk and store in warehouse ? Do you sell to us only now or to worldwide ? Thanks !
It means yiu suck, doesn’ t means shit didn’t work
As someone, who is too young (15) to get a full time job, drop shipping seems like a good way for me to spend my time. I understand I might not be profitable, but I will learn a heck of a lot about e commerce along the way.
Soo true, it doesn't have to be a long term business, just get good products products to satisfy you're customers and then get you a profit
Go outside and mow your neighbourhoods fucking lawns
I think drop shipping is also a very good way to test an idea or product before investing money into making it a "real" business.
Interesting perspective. With my 6-figure online businesses created I’ve never done drop shipping, I’m not saying it’s bad, but there’s also the issue of quality control. Was the correct item shipped? Was the item damaged prior to shipping? During shipping? So many unknowns if you don’t have items first hand. But if the products aren’t as susceptible to potential issues like this, drop-shipping could potentially be a good business model. BTW your editing is always 🔥💯
Real estate ‘gurus’ are just as cringe worthy as Shopify gurus
@@RizzoDaManiac These "gurus" don't even practice what they preach. They earn their money by selling their bs courses and these idiots buy the courses and quit their jobs xD
A few months ago, a friend told me he was getting into drop shipping...Money was tight but it only cost $xxx to join and this cute girl told him she made a bunch of money selling water filters. All he had to do was run some FB ads!
I ask him how much money he had to spend on Facebook ads. He screamed at me because I "didn't understand!" 2 months later, he'd started a new business helping construction contractors bid projects, something he's extremely good at!
@T Martin My apologies, I wasn't clear was I?
He was only getting into it because of the cute girl. He had no clue what he was getting into... He got angry with me but followed up on what I'd told him and realized it wasn't the right thing for him!
Once he stepped back and took a look at it he realized he could leverage his years of experience and contacts as a contractor and make money contracting to do bids for people!
But I know several people who got sucked in and spent a lot of money before they realized they were making money for someone else at their own expense... Not that it can't be done, just that it's stacked against you.
Give this guy an award 🥇. He’s the real deal.
"The more value you give the more money you get" yeah that's completely wrong
I lost 20 000 dollars with my Amazon business. I'm done, never again.
...how?
WTH happened!? 😱😱😱
how?
Make a video on it, monetize, see the opportunities.
@@alus1002 If he puts that comment as his title, I'll probably click on it to see what's it about
Woah! You predicted the ad at 07:14 I'm speechless!
*Stares confusingly in RUclips Red*
Mine was a Amazon FBA ad.
Was looking for this comment this dudes a fucking genius
for those of us who actually know how the RUclips ad algorithm works... we're not surprised... and those of us who know how advertising works, also know his assumptions on drop-shipping are wrong. but as a dropshipper... please listen to him. I have no issue with this video getting super popular and keeping people out of the business.
He ddnt predict. RUclipsrs place ads at particular points they want in their videos
I was such an idiot to do a drop shipping course. And it was from a 17 year old, I hate myself for it. But it was a huge learning experience.
did you try it?
@@anon2916 I did, wasted $100 on Facebook ads and got 0 sales
@@chandler5712 bro dropshipping is not a rich quick scheme you ve been doing the same shit as the other desperates out there
Love that this had one of those "I gotta secret and make tons of money" ads that's probably drop shipping .
Either way, it's so good that they're going to share it with you, and give themselves competition. And spend time letting you know about it, because they're such generous people.
Ok how do you only have 25k subs... your videos are all top notch, interesting, and insanely well produced...
THANKS!!
And now it's nearly 200k
"So i ordered now this cute awesome product now. When will it arrive?"
"In 28 days. No, 35 days"
"But i want it now! The store at downtown has it already in stock"
"But this one is cheaper than the one you can get right now"
"You know what, thanks"
*customer canceled the order*
That's why i left drop shipping
rip
@@jaketran Thank you for the video. These bad experiences are why I never buy online .
Sorry to say that, but you didn´t try at all. There are a lot of solutions for such long shipping time. You can get 3-5 days shipping if you put your time and effort into it. I am not trying to defend anything or act like I'm butthurt, I am actually quite thankful for this video :D This just means there is a lot less competition if more and more people feel like "Dropshiping is dead". If you treat dropshipping as a "get-rich-quick-scheme" of course you won't see success and start to hate it. Try to treat it like a real business, like a real fuck*ng legit business.
@@hanykararha4113 3 to 5 days shipping at too high a cost for low value items.
*Dropships through Amazon* Jake: "Wait, that's illegal"
Drop shipping doesnt exist. The only thing that does exist is people selling courses on how to do it.
so buying something for 5$ and selling it for 10$ doesnt exist? ight...
Bitter
What do you think SHEIN is ? Literally a drop shipping company
Dropshipper here making over six figure income. I think you make a big mistake right off the bat by comparing Amazon to dropshipping. The idea is the same, you sell stuff online in a shop, but the ideology behind the purchase can not be more different. You target people off Facebook with ads with dropshipping and appeal to the customers desire of buying stuff spontaneous, look at it as TV shopping but on Facebook. You go to Amazon when you know need soemthing, new headphones or new frying pan. Like I said, diffrent...
Hello, is there anywhere I can contact you? I want to ask you a few things about dropshipping if possible.
"Your next ad is probably about drop shipp-"
"Hey guys, this is a picture of your future amazon business"
This video is pure gold
The only time I watch more than 5 seconds of an ad just to laugh at how ridiculous it is.
Dropshipping doesn’t really work anyways now, a lot of hosting providers don’t allow it anymore, payment processors like Stripe if they find out you drop ship they cancel your account.
Regarding self proclaimed gurus that offer "get rich quick" courses online, I have always thought to myself: "If they really have found a _low threshold_ business model that works like a charm for them, why on Earth would they want to "sell courses" that recruit competitors to themselves?"
"I was so successful that I retired in my 20's and got bored, one "guru" actually said that
I can't totally agree with the video... The "Amazon way" is just that, one way of making business. Luxury or "big selection, low prices and fast shipping" aren't the only ways of adding value. Dropshipping is a lot about "winning products" and niches exactly because people usually won't spend hours looking for the coolest and/or newest products on AliExpress. In a world of stores with very big selections (like Amazon), dropshipping is almost like a curated service, presenting products to people that they didn't know existed but would like to buy. That's how I see dropshipping. Even though I don't do it myself, I'd say it still has room to grow a lot.
👏
Facts!! You nailed it. “Dropshipping is almost a curated service” 👏👏👏 exactly. Not to mention presenting it in simply a more “trustworthy” way than the Ali listings, improving on the copy and description, etc.
AND even on Amazon’s own site, many drop shoppers operate lol. And on Etsy. To pretend it’s an all or nothing scenario is disingenuous.
@@zachariah7114 Yeah! People that create successful dropshipping stores invest a lot of time to creating great descriptions and cool pictures. It sounds easy, but I'm sure it's not xD
You dont even do it, your opinion is not valid. Thank you come again
noobmaster 69 maybe his isn’t but mine is and I stand by my statements.
I think your views on this topic kinda run against the whole idea of capitalism. The idea is to generate as much profit as possible as efficiently as possible, not offer value strictly speaking. Of course it is assumed the free market would weed out lesser competitors but the success of an enterprise isn't really directly linked to value (real or perceived) nowadays imo
yes! i was following him up until the part where he said that amazon provides low prices and fast shipping because they care about their customers. like lol no they care about their customers’ wallets
Dropshipping has been around since the 1950s, that's just aliexpress dropshipping that everyones talking about and frankly those other ways that aren't aliexpress are better. Idk the misconception that its only been around for 3 years.
Dropshipping has pretty much been around since the beginning of modern civilization. Companies need marketers, and not all companies can afford or want to deal with marketing their own product. Why not let someone else do it for them? It's a win-win
sasholsuma you must be at least 450 years old rn right?
So... drop-shipping is becoming a middle man, the thing online shopping intended to cut out in the first place. In fact worse, because there's less customer service and support.
Also, great perspective on how much money one earns being the measure of value one can bring to society. That's pretty deep!
The reality is you aren't really running a store, but a marketing business. You help the manufacturer sell their products so you get a cut. That's how people should look at it
@@alexdunphy3716 Damn I actually never thought of it like that and I've been successfully dropshipping for like 2 years
6:52 Dropshipping never has been a long term option for anyone, it is a launcher, you make money for cheap with hard work and then you re invest in stocks etc.
nah you would go into real estate you get more of a bang for your buck when you don't have a lot of cash then you yolo the rest in stocks your really convicted in like tesla
Re invest in real estate and airbnb that shit out for easy 3-4k income per house.
@@MrRaja true
It's so ironic that before this video there was literally an advert supporting drop shipping 😂😭😭