Click here to start your AutoDS 30-day trial now using my link: platform.autods.com/register?ref=NzQwNTg0 Hope you find this video helpful - we got advice from 3 different perspectives and I really think you'll find it actionable. Crush it and have a great day! -Charlie
This is just my perspective, dropshipping is a great way to first understand the basics of running a business , testing products and gaining some capital. However, after you’ve found a consistent product, I think it would be wise to start doing custom logo packaging and wholesale that product and scaling alongside amazon.
yep. a common route successful dropshippers go through is once they find a winner, they get an agent who can get them cheaper prices and custom packaging. there are also fulfillment places that can store your bulk and ship it through their warehouses located in america. after that they usually sell their company from what I've seen around $2-4m.
Wow 2:30 to 3:30 is exactly about me!! I'm so grateful that i watched this video today! Moving out from my hometown in 3 days. Got my apartment here, safe 9/5 but no way for personal growth. I decided to move out although i have no money saved up. But i got single room rented out and gonna find a way to survive and work on myself! THANKS BRO ❤❤❤❤
@Ben-kh4le i guess its no ones passion to sell chinese sh*t to western customers. But to do big things, you need money. And dropshipping/ecom gives a good kickstart for that. At least thats how i see it
@Ben-kh4le i started with my own stock, its still running but again this needs money to grow. Dropshipping has also high maintain costs, the bigger it gets, the more you need to spend on ads and finally staff. I spend around 100k monthly on ads and my stock for my other store is only around 20% of that, lol. To give some insights about it. Dropshipping is just lots more attractive for fast cashflow, a brand with stock is better for the long run. I do both
I designed shoes had them sent to a manufacture in Portugal then shipped back to me in the US. I was 20 at the time released them to the public and sold out 100 pairs in one week at $250. My initial investment was $4200. I did this several times partnered with athletes, rappers, etc. business went well until I got shot in my spine and had to learn how to walk again. As of current I’m still trying to revive my brand, but it’ll get there. I went to school studying web development, I was already coding using basic html and photoshop at 14 designing my first website with pictures 😅😂😂😂, however that wasn’t where my heart was. I left took a chance and made money following my passion. So I say all that to say…….I agree with the guy in the video, take the risk especially if it’s heavy on your mind day in day out.
@@rayreeves4681 Indeed it did. I design and code everything myself. I always try to cut out the middle man in everything. It also helped me land my first job at an agency here in DC . Ironically the companies we worked with were involved heavily in the fashion industry, so I learned a lot more while I worked. Thanks for reading!
i have a store at 12 years old, i am not expecting any sales but i have learned A LOT about dropshipping and building online stores so when i get older i can invest more and hopefully make some profit
I love that “grinding” to this guy is working 40-50 hours a week 😂. That’s what most people work every week for their entire lives and barely get by. Not saying that as an insult. I guess it’s more of a testimony to the methods he uses.
Rules for 2024: 1. BUILD A MISTAKE TRACKER: you only successfully learn in life when you don't repeat the same mistakes twice :) 2. REWARD YOURSELF FOR MISTAKES AVOIDED (if its a food reward make sure its low calorie) 3. LIKE THIS COMMENT AND COME BACK TO IT ON DECEMBER 2024 AND LET ME KNOW OF YOUR PROGRESS
Amazing video will definitely check out the saucy guy looking to get into dropshipping and building brands myself keep em coming especially the ecom stuff
A good start for a 24 year old. Definitely a lot of work just to make a 3.2% profit margin. I work 10 hours a week and make 40% more and I'm 25. Always take wins where you can because competition is what drives me. ✅😅
@@lukehalverson2079 ecommerce, focus on high sell through rate and high margins. But as the economy has declined, I have had to pivot to smaller margins and higher volume of sales
Dropshipping is basically you being a middle man. You find a supplier somewhere, then you set up a website with their product's pictures, try to get people on facebook or wherever to buy them on your store, then when they do, you tell the supplier to send it to the customer and you keep the difference in cost between advertising and product costs and final sale price.
It’s a lie , they aren’t making $13 million , more realistically $1,010,360 after TAXES , advertising fees, platform fees , operational expenses , return and refunds etc
Go make $500k in a year net and then talk lol. 3% net margin seems slim even at that scale. I imagine he’s sitting 5-6% at 13M annual rev with acquired lower MOQ and USA fulfillment. I imagine high returning customer rate (cheaper CPP indirectly increases ROAS efforts), he clearly has a brand if he’s at that scale versus some one time purchase dropship approach.
@@dennischen8887 25% margin at scale is unheard of unless you're buying wholesale and have insane return customer rate (i.e. squeezing the most out of your ad dollar)
Thank you, this will help a lot. This is really nice and inspiring story, and this young man could teach this in schools probably :D I started a year ago with literally nothing, but it's paying really great for me last few months (I am close to hitting 15k per month now). Consistency and hard work (with a little bit of winnerzila of course, as they have really good product suggestions. Also their videos and other assets are simply vital for me) is key to success!!
13m in profit means nothing if you don’t show how much you earned after expenses probably made $1-2 mil tops after expenses pre tax Id like that to be much more transparent
A lot of videos about drop shipping are on RUclips half the videos talk about no money to get started. Then the other videos like this the Guy said he used a few thousand to get started. So I don’t understand. Is drop shipping about making a video to get views. No body on RUclips has a video with a step by step to get started. It’s this rambling on and on and advertising. And how great and easy it is and how Much money they make
reason you won't see a true step by step guide is because then you will be in direct competition with them. but the basic premise is you need a product that people want, get it out there as much as possible, make sales/fulfill the sale. so the key is product and to get people to find your product.
Question: if youre selling necklaces based on BTS or other grups with copyright, how does that work? do you need the license, or can you just design necklaces based off them and them without copyright license and profit off of that?
We do not use any logos or intellectual property of the groups. Our pieces are inspired by K-pop and marketed towards kpop fans. If we marketed to another audience, they’d have no idea our merch is even remotely related to any band groups
Hey Charlie I have chance to get Motorcycle and it costs $260. but i can't afford it please help me to get this chance it is my biggest dream to drive motorcycle. am 19 from Ethiopia help me to live my dream
average profit margin of drop shippers are 15-20% so let's say you do 12 million a year in sales which is pretty crazy since you need at least that much capital /cashflow to keep doing the business. their profit would be 2.40 million a year. now i was just referring to the profit they make per sale. i don't know how much they pay in taxes and some kind of overhead like that couple with the warehouse rent. then they have to spend money on ads, pay for liability insurance, and expect some kind of returns. dropshippers are expected to spend $5-10.00 a day on ads. ecommerce return rate is 20-30 percent on average. assuming this dropshipper is taxed at the same rate as earned income like a salary than after taxes that $2.40 million becomes 1,172,140 in take home. so you see how fast that $12 million dollar sales becomes 10% take home pay basically. assuming everything goes right.
Do these people work on niches stores like a brand with long terms or just keep testing some random products and scale them for a couple of month then done?
@@delta._.6456 Jesus relax. I found it. Akiflow You are legally required to state if you’re paid for an ad. So no, not an ad. Thanks but my brain is perfect to capable of thinking for myself and doing my own research
Click here to start your AutoDS 30-day trial now using my link: platform.autods.com/register?ref=NzQwNTg0
Hope you find this video helpful - we got advice from 3 different perspectives and I really think you'll find it actionable. Crush it and have a great day!
-Charlie
wher does he live man
Props to the first dude's dad for giving him a chance to prove himself at least.
This is just my perspective, dropshipping is a great way to first understand the basics of running a business , testing products and gaining some capital. However, after you’ve found a consistent product, I think it would be wise to start doing custom logo packaging and wholesale that product and scaling alongside amazon.
100%
Don't drop shippers customize their product and packaging???
What do you mean by selling wholesale? And how does Amazon help scale? I’m just trying to learn more about it
yep. a common route successful dropshippers go through is once they find a winner, they get an agent who can get them cheaper prices and custom packaging. there are also fulfillment places that can store your bulk and ship it through their warehouses located in america. after that they usually sell their company from what I've seen around $2-4m.
@@copboom555 you said this is a common route right 😭 about to take notes
These people just motivates me. Imagine they started at a very young age. If they can do it, I can too. Thanks
you got this!
I'm very motivated too, the next step I need is discipline and a plan 💪
This young man has an incredible rate of learning and using that knowledge to not repeat his mistakes. Kudos.
Wow 2:30 to 3:30 is exactly about me!! I'm so grateful that i watched this video today! Moving out from my hometown in 3 days. Got my apartment here, safe 9/5 but no way for personal growth. I decided to move out although i have no money saved up. But i got single room rented out and gonna find a way to survive and work on myself!
THANKS BRO ❤❤❤❤
Man , you are creating so much value ! Keep up the outstanding work and bring on more interviews from the e-commerce entrepreneurs!
Please always ask for profit margin. 13M/year means NOTHING if that's revenue.
I think it's quite the art, generating $13m though
In dropshipping margins are not fat, around anywhere from 10-20% regularly. Speaking from own and many others experiences doing millions
@Ben-kh4le i guess its no ones passion to sell chinese sh*t to western customers. But to do big things, you need money. And dropshipping/ecom gives a good kickstart for that. At least thats how i see it
@Ben-kh4le i started with my own stock, its still running but again this needs money to grow. Dropshipping has also high maintain costs, the bigger it gets, the more you need to spend on ads and finally staff. I spend around 100k monthly on ads and my stock for my other store is only around 20% of that, lol. To give some insights about it. Dropshipping is just lots more attractive for fast cashflow, a brand with stock is better for the long run. I do both
It's likely that around 3m was the cost to run the Business. Ads, a few employees, and software.
I designed shoes had them sent to a manufacture in Portugal then shipped back to me in the US. I was 20 at the time released them to the public and sold out 100 pairs in one week at $250. My initial investment was $4200. I did this several times partnered with athletes, rappers, etc. business went well until I got shot in my spine and had to learn how to walk again. As of current I’m still trying to revive my brand, but it’ll get there. I went to school studying web development, I was already coding using basic html and photoshop at 14 designing my first website with pictures 😅😂😂😂, however that wasn’t where my heart was. I left took a chance and made money following my passion. So I say all that to say…….I agree with the guy in the video, take the risk especially if it’s heavy on your mind day in day out.
I’m assuming the web dev background came in handy in your ecom career tho yeah
@@rayreeves4681 Indeed it did. I design and code everything myself. I always try to cut out the middle man in everything. It also helped me land my first job at an agency here in DC . Ironically the companies we worked with were involved heavily in the fashion industry, so I learned a lot more while I worked.
Thanks for reading!
i have a store at 12 years old, i am not expecting any sales but i have learned A LOT about dropshipping and building online stores so when i get older i can invest more and hopefully make some profit
I love that “grinding” to this guy is working 40-50 hours a week 😂. That’s what most people work every week for their entire lives and barely get by. Not saying that as an insult. I guess it’s more of a testimony to the methods he uses.
I noticed that too lol
But they did that on their last 6 months only.
Im a single mom with 5 months to figure it out, so I think thats motivation enought.
Revenue? We want to hear net profit. Revenue means nothing
What a fantastic video! Could you share more about the automation tools for dropshipping?
Rules for 2024:
1. BUILD A MISTAKE TRACKER: you only successfully learn in life when you don't repeat the same mistakes twice :)
2. REWARD YOURSELF FOR MISTAKES AVOIDED (if its a food reward make sure its low calorie)
3. LIKE THIS COMMENT AND COME BACK TO IT ON DECEMBER 2024 AND LET ME KNOW OF YOUR PROGRESS
AM LOVING SAUCY!!!! I GAVE UP DROPDHIPPING IN 2019 FROM LOSING PRODUCTS ..BUT MAINLY OVER WORKING MYSELF.
So it wasnt worth it in the end?
The last interview was very informative.
Thanks! Thought it would be good to get the perspective and advice from a sourcing expert
Amazing video will definitely check out the saucy guy looking to get into dropshipping and building brands myself keep em coming especially the ecom stuff
Fantastic 👏👏👏
Great session
🙏
Notice how these clowns never actually link their sites or products. They also never talk about actual profit vs revenue.
I guess I’ll be moving out soon thanks for confirming that for me Douglas 📈📈
Not trying to shill, but Staxum has been my go-to lately. The potential gains are just too good to ignore!
Great interview, well done 👍🏿
first guy spit straight sauce
Priceless value on this vid
Your content really inspires me keep up the grind
If in dropshipping do not use Auto DS
I thought it is illegal to sell BTS kpop items due to copyrights, unless they have the permission to do so.
Very informative. Thanks.
The SAUCY guy is awesome
He knows an insane amount about the industry and sourcing yeah haha
Where do they manufacture the jewelry ? Those are small and big details where people get stuck
SERIOUSLY DOUBT IT
A good start for a 24 year old. Definitely a lot of work just to make a 3.2% profit margin. I work 10 hours a week and make 40% more and I'm 25. Always take wins where you can because competition is what drives me. ✅😅
What do you do for work?
@@lukehalverson2079 ecommerce, focus on high sell through rate and high margins. But as the economy has declined, I have had to pivot to smaller margins and higher volume of sales
so dropshipping is electronic buying from one and selling to another?
Dropshipping is basically you being a middle man. You find a supplier somewhere, then you set up a website with their product's pictures, try to get people on facebook or wherever to buy them on your store, then when they do, you tell the supplier to send it to the customer and you keep the difference in cost between advertising and product costs and final sale price.
Don't drop shippers customize their packaging?
It’s a lie , they aren’t making $13 million , more realistically $1,010,360 after TAXES , advertising fees, platform fees , operational expenses , return and refunds etc
What is the profit/year? All they talking abt is revenue which is a good thing but what is take home profit?
What’s the profit after all expenses.
what about that profit though?
meaning maybe2 mil in real profits
Best video ever
I can’t stand dropshipping videos that don’t tell you what product they are selling.
This
it’s bad for buisness
These people create no value. They are just siphoning off money and passing it on the consumer. What a joke.
Keep in mind, it’s 13mil revenue. Not profit
Just Wondering Would Auto DS auto sell the product because im confused about how im going to send them the product
1:46 that's when my phone fell. I am starting drop shipping from the next month. Idc about failure or success. Lemme give it a shot
Guys please help me the second guy i cant hear well what he says
He saus if you dont have what then thats where he comes in ??
How can I join the community?
Thank you man, this is so inspire video
Glad you liked it!
Hi do you need a website
Where do you find these people @Charlie?
Friends, friends of friends, and IG mostly!
Can be screen shot lol 😂
Sales nowadys uses alot of storytelling and emotions to drive sales covertly😂
TRUONGYYYY MY BOY
🧢
1:39
Make 13m selling the course right?
He doesn't sell any courses
No one care about revenue
It clear they are low margins
❤
what is he selling
If they tell you, they would be out of business
Who are u talking about?
@@andrewhoang8611 The person wants to know what products they’re selling online
Fake
Did he mention profit? $13M is flashy but if he only made $500k from it that’s unimpressive baby money.
500k annually is baby money?
Go make $500k in a year net and then talk lol. 3% net margin seems slim even at that scale. I imagine he’s sitting 5-6% at 13M annual rev with acquired lower MOQ and USA fulfillment. I imagine high returning customer rate (cheaper CPP indirectly increases ROAS efforts), he clearly has a brand if he’s at that scale versus some one time purchase dropship approach.
I did 250k profit with 1M revenue my first year of dropshipping.
@@dennischen8887 25% margin at scale is unheard of unless you're buying wholesale and have insane return customer rate (i.e. squeezing the most out of your ad dollar)
Made it to asian youtube
Ad video I dont belive
why did i sub lol
Thank you, this will help a lot. This is really nice and inspiring story, and this young man could teach this in schools probably :D I started a year ago with literally nothing, but it's paying really great for me last few months (I am close to hitting 15k per month now). Consistency and hard work (with a little bit of winnerzila of course, as they have really good product suggestions. Also their videos and other assets are simply vital for me) is key to success!!
Not trying to shill, but Staxum has been my go-to lately. The potential gains are just too good to ignore!
you're asking good questions, first guy gave great answers
Thank you
Young people today have lots of opportunities around them. It's easier to do business unlike before. Keep it going 🎉
What’s his profit margins
13m in profit means nothing if you don’t show how much you earned after expenses probably made $1-2 mil tops after expenses pre tax Id like that to be much more transparent
@@skyking9248 I think you meant revenue, not “profit”
A lot of videos about drop shipping are on RUclips half the videos talk about no money to get started. Then the other videos like this the
Guy said he used a few thousand to get started. So I don’t understand. Is drop shipping about making a video to get views. No body on RUclips has a video with a step by step to get started. It’s this rambling on and on and advertising. And how great and easy it is and how
Much money they make
reason you won't see a true step by step guide is because then you will be in direct competition with them.
but the basic premise is you need a product that people want, get it out there as much as possible, make sales/fulfill the sale.
so the key is product and to get people to find your product.
Thank you! So much value given!! thanks!!
Question: if youre selling necklaces based on BTS or other grups with copyright, how does that work? do you need the license, or can you just design necklaces based off them and them without copyright license and profit off of that?
Legally, you probably cannot.
@@tinglee8so these guys are essentially doing it illegally?
We do not use any logos or intellectual property of the groups. Our pieces are inspired by K-pop and marketed towards kpop fans. If we marketed to another audience, they’d have no idea our merch is even remotely related to any band groups
1:51 it is not his second store. first store's 2022 year results. he is lying
Hey Charlie I have chance to get Motorcycle and it costs $260. but i can't afford it please help me to get this chance it is my biggest dream to drive motorcycle. am 19 from Ethiopia help me to live my dream
Yea right.. it’s 2024 nobody believes this shit
"Makes" implies profit, not sales/revenue
They talk about revenues but what is the actual profit margin? After COGS
average profit margin of drop shippers are 15-20%
so let's say you do 12 million a year in sales which is pretty crazy since you need at least that much capital /cashflow to keep doing the business.
their profit would be 2.40 million a year. now i was just referring to the profit they make per sale. i don't know how much they pay in taxes and some kind of overhead like that couple with the warehouse rent. then they have to spend money on ads, pay for liability insurance, and expect some kind of returns.
dropshippers are expected to spend $5-10.00 a day on ads.
ecommerce return rate is 20-30 percent on average.
assuming this dropshipper is taxed at the same rate as earned income like a salary than after taxes that $2.40 million becomes 1,172,140 in take home. so you see how fast that $12 million dollar sales becomes 10% take home pay basically. assuming everything goes right.
how much did he pay you for this video?
who's buyin this stuff?
Bro how.. I do marketing for a very large sport apparel brand and they’re not doing 13M in revenue
Could you share the website link or discord group of Jason? The Instagram Link does not work
Fake
Yea, Staxum will make millionaires in the bull run.
Thank you for this interview
1@21##
why you only interviewed Asians
Love watching young people who have passion for success
I think these people have inventories right now right? Cause dropshipping is just like a way to start
Do these people work on niches stores like a brand with long terms or just keep testing some random products and scale them for a couple of month then done?
“This is a bit of a baby” shows $500,000
😂😂😂
Staxum's journey to Binance might be happening sooner than we think. Who's excited for this potential listing?
Show the profit
Don't believe still
It's right there Bud!! The frigging world is right there!!! Don't be blind and maybe you'll have a taste of it too.
not that glorious but still very real. billions of dollars in circulation every day u just have to take a small piece of it
Can you do UGC ads through Google? Also how do you find reliable suppliers from other countries?
I don’t think so.
What are your online store websites and brands? Let get some of your products
4:45 what was that software? Acu flow? Cant find anything
don't trust it, probably an ad
@@delta._.6456 Jesus relax. I found it. Akiflow
You are legally required to state if you’re paid for an ad. So no, not an ad.
Thanks but my brain is perfect to capable of thinking for myself and doing my own research
This Charlie Chan has it together
who's the first guy his answers were so straight forward
Staxum's journey to Binance might be happening sooner than we think. Who's excited for this potential listing?