Anyone still making money Dropshipping?

[PaperToy]

Is anyone still making money doing dropshipping?

I'm seeing so many YouTube videos of "gurus" claiming that it's super easy...

1) Find a product on Ali Express
2) Setup a Shopify store
3) Advertise on Facebook via CBO (Campaign Budget Optimization)
4) Make money with the conversion pixel set to "purchase"

I can tell you with 100% certainty it's not that easy. What the "gurus" don't tell you is that Ali Express product prices are quite high...

Example - Legging will cost you $15
Then the shipping will cost you $2
Then the "sales tax" will cost you $2

So you're already at $19 for expenses, then you got the Facebook advertising AND if you're in the USA; the IRS taxes on your profits.

So you're left making $2-3 if you are lucky per product sold.

The Facebook advertising is also super expensive and you will almost certainly not be profitable.

Is anyone else experiencing something similar?

The annoying thing is all these "gurus" on YouTube are supposedly making 100+ sales a day just doing a set-and-forget with CBO, which makes zero sense.

Thoughts?

 

[The.Bank]

dropship from Ali to eBay

 

[Elker]

Is anyone still making money doing dropshipping?

I'm seeing so many YouTube videos of "gurus" claiming that it's super easy...

1) Find a product on Ali Express
2) Setup a Shopify store
3) Advertise on Facebook via CBO (Campaign Budget Optimization)
4) Make money with the conversion pixel set to "purchase"

I can tell you with 100% certainty it's not that easy. What the "gurus" don't tell you is that Ali Express product prices are quite high...

Example - Legging will cost you $15
Then the shipping will cost you $2
Then the "sales tax" will cost you $2

So you're already at $19 for expenses, then you got the Facebook advertising AND if you're in the USA; the IRS taxes on your profits.

So you're left making $2-3 if you are lucky per product sold.

The Facebook advertising is also super expensive and you will almost certainly not be profitable.

Is anyone else experiencing something similar?

The annoying thing is all these "gurus" on YouTube are supposedly making 100+ sales a day just doing a set-and-forget with CBO, which makes zero sense.

Thoughts?

I think if he make +100 sale / day, he wouldn't make a YouTube videos, unless they want to promote their courses.

 

[Kendoka]

"Those who can, do; those who can't, teach." Said George Bernard Shaw more than 100 years ago...

 

[German Rodriguez]

you are right, gurus only make money selling courses, if I were selling +100 products by the store I am pretty sure I will not have time to invest in teaching.

i watch the gurus and sometimes they mention something that makes sense to apply to my stores that's it.

currently, i am making +-5 sales in a very good week with a low budget Facebook ads

dropshipping is hard, and if you can get to deal directly in order to avoid aliexpress you can get a better price but you will have more work to do

 

[Nut-Nights]

Dropshipping is almost dead in India.

 

[Bonpensiero]

"Those who can, do; those who can't, teach." Said George Bernard Shaw more than 100 years ago...

This one is pretty good. It's so true nowadays!

 

[aspire.samee]

Dropshipping is almost dead in India.

Nothing is Alive in India

 

[sazerac]

I would say dropshipping definitely works if you have (or can acquire) an audience.

For example, one of the e-commerce sites I works on does about $1MM per month in sales. Our offering is fairly narrow so we decided to dropship a complementary product. All we have to do to increase our revenue is cross sell and upsell, which means it's easy to find success.

Starting from scratch is a totally different story. I think it's still possible, but it seems more competitive than ever. Product research, branding, and/or and the ability to attract the right people is increasingly important.

 

[OccultKingdoms]

I can't read this thread. It hurts my eyes. I'm sorry for honesty.

Dropshipping is almost dead in India.

I think It has never existed and was just made-up to sell some bs to young people. Like Multi level marketing.

Starting from scratch is a totally different story. I think it's still possible, but it seems more competitive than ever. Product research, branding, and/or and the ability to attract the right people is increasingly important.

The story you described is about normal e-commerce and not dropshipping. The amount of work you put into this is enough to setup a small e-commerce in some niche markets.

 

[kingsport]

well it's all about the product.. of course if you search all day products on taobao and 1688 and test 5-6 products a day you will find winner products and need to scale hard, because when competitors see it they will scale and saturate the product in 2-3 days.... but still in my opinion its pretty dead.. because you spend a lot of money in testing... then paypal comes to block you, after that is fb ban etc... and still the profit is very low... and in the end it is still a overpriced shit and customers won't be satisfied and will leave negative feedback...

 

[protonp12]

u gotta build a brand.

 

[msyaz]

Dont trust those pathetic Youtube gurus.

Dropshipping is dead.

Consumers are getting smarter and they know how to detect dropshipping web store.

Consumers dont want to buy from a dropshipper.

Just get a proper job.

Its more stable.

I.M is not for everyone. Its very hard, extremely hard. Only those who have the capacity to endure pain for a long period of time while facing uncertainties will make it.

 

[OccultKingdoms]

Dont trust those pathetic Youtube gurus.

Dropshipping is dead.

Consumers are getting smarter and they know how to detect dropshipping web store.

Consumers dont want to buy from a dropshipper.

Just get a proper job.

Its more stable.

I.M is not for everyone. Its very hard, extremely hard. Only those who have the capacity to endure pain for a long period of time while facing uncertainties will make it.

I.M. is harder than freelancing. But the yield of IM can be much bigger if implemented properly. Definitely not for kids, it might have been easy 10 years ago.

And LOL I.M. IS NOT dropshipping. Dropshipping is an e-commerce trend and temporary cunning some could use to their advantage.
Consumers analyze a lot before they buy and delivery is one of the factors why people choose a seller.

 

[PaperToy]

It just doesn't make sense that these online marketers are promising "CBO" (Facebook's Campaign Budget Optimization) makes you money on auto-pilot.

 

[Haksxsx`]

CBO just utilized their algorithm that shows your ads to more related user and expands on their interactive behavior. This doesn't make the ad successful.

Make sure your Product is unique, worth buying
Seller ships your product fast
You are responsive to your customers
you have created a brand around the Product.
You have created a converting funnel to attract the buyers.
You have created and tested ads(not just 1 ad)
Have gather enough data.
Have made 50 sales that triggers the algo to learn more about improving ads.
Then copy ads to CBO campaign and start them with higher budget so as the reach increases your budget handles them properly and shows great result.
And some more factors that triggers the success.

 

[MAKillerSEO]

I'm also on quest for products, I came across seeing CJ and Fulfillman. do you have any thoughts about this company?

 

[ali2woo]

Actually, dropshipping is not dead.
Not every dropshipping store gain success it's true but if you apply necessary effort and patience, you become a winner.

Specifically, you need to start from choose right suppliers. Don't just import their products into your store, but contact them directly.
Discuss real product prices, refund policy, shipping time. Also, you can get unique product images from supplier.
Don't start your business from general store, choose a niche and pay your designer to create attractive creatives for FB ads, then you get more traffic to your store and increase conversion rate.