The best payment system for a very profitable dropship store?

[Alex023]

Hey everybody...

I'm into make-money-online story for over a year now, and finally started my store. I resell one very popular product from AliExpress and can make a few thousands of profit A DAY. I was testing with fb ads and whatever I invest into ad, I get 5-10x ROI. Basically, every day I can choose how much money I want to make that day. Literally a money making machine....BUT, after so many mistakes, problems and tons of time invested I faced my final (if we dont count taxes) problem - the mighty PAYPAL. Like I said, I can make as much money as I need, but PayPal is holding evrything for 21 day as a preventional measure and I cannot re-invest what I make. So what are some good tricks and tips to avoid this bullshittery? Make multipe PP accs and split $$? Withdraw it instantly? Any other payment system that is better?

I would highly appreciate a good answer that can help me fix this, or/and find a better alternative.

 

[Tien Bac]

Are you doing a Free+Shipping offer? I've tried dropshipping with limited success..

However Stripe as a payment gateway has worked well for me

 

[Alex023]

Are you doing a Free+Shipping offer? I've tried dropshipping with limited success..

However Stripe as a payment gateway has worked well for me

Hey, I have regular (re)selling strategy - price and free shipping.
But if I make 1k a day, stripe would also hold it ffs. Its prevention of fraud/chargebacks..

 

[Paulie06]

Hey, would you mind sharing your money earning method here in the thread or by PM? I'm really interested in knowing how you get such a big profit. Thanks!

 

[asap1]

Making that much money idk if anyone will let you get it all instantly.

 

[Alex023]

Hey, would you mind sharing your money earning method here in the thread or by PM? I'm really interested in knowing how you get such a big profit. Thanks!

Ofc man, here are some things that might help you: (and no this is not general, this is specific stuff to make u do it sooner or later, there is no formula but always some crazy story behind sucess AND ALWAYS it begins with : ''I met a guy that...'' so create a network of smart people and forget the losers)

** since I got out of bed to write this my grammar will suck a lot

1. Im 19yrs old and I started working i my store on 1st of November
2. RICH AND SUCCESSFUL PEOPLE ARE NOT SPECIAL - please say that out fucking loud and never forget it. 20 days ago, I was not making a single $ and now I can make over 1k in a day easily. And no, I do not feel special
3. Everyone who made it hold their mouth shut about all the small things and small problems
4. due to 3. it is important to try everything out and learn yourself, for example, I can explain you how to ride a bike but you need to fuck your knees up a few times to learn to ride it right
5. be obsessed...if you do not wake up and go to sleep with a wish to bring the loudest fckin lambo in your town in less than 10 years (my moto is: if haters are loud, your engine must be much louder. So feel free to insert some crazy goal instead of my future lambo) - you really have no wish to succeed. Actually, if each non-productive day is not killing you, you just do not have that in you. But if it is, you will find the way - you will have to.
6. Create a checklist what you need to do to succeed AND THEN SIMPLY GOOGLE EACH STEP, FIND OUT HOW TO DO IT AND JUST DO IT.
8. All those little problems that will suck your energy are completely part of the journey
9. You will always want more, trust me, 20 days ago I was saying ''ohhh $200 a month! and I would be happy''...pfff bullshit
10. FIND THE RIGHT PEOPLE WHO KNOW THE SHIT YOU NEED

that would be it my friend

(I had to stop the ads because my PP acc is frozen so no point, i cannot reinvest and I do not have enough money with me to pay the ads and products)

 

[Kai Escalade]

Can I ask you a question? I was asking a lot of people here but no serious answers was given.If you do a dropshipping how you deal or plan to deal in any complains? Like someone got broken stuff or like that are you just returning the money or contact original seller to replace the item? Or you resell it in the way that you fisrt buy it and send it on your own?

 

[Tien Bac]

Hey, I have regular (re)selling strategy - price and free shipping.
But if I make 1k a day, stripe would also hold it ffs. Its prevention of fraud/chargebacks..

Gotcha! Thanks for the reply. Did you change your Paypal to a business account?

Also is your store a niche store or more like a general store? I have heard arguments for both. What does your FB ad strategy look like? Do you start with PPE with 1million audience size?

Thanks for helping out a noobie!

 

[Alex023]

Gotcha! Thanks for the reply. Did you change your Paypal to a business account?

Also is your store a niche store or more like a general store? I have heard arguments for both. What does your FB ad strategy look like? Do you start with PPE with 1million audience size?

Thanks for helping out a noobie!

I switched to business acc after they froze me, but did not change anything.

My store has 1 product in 2 shapes. Very niche.

Fb strategy: place multiple ads, keep the best preforming one and scale it.

I use conversion (purchase) ads with fb pixel. Fb ads learn over time, put everything on automatic and be amazed

My audience is 7.500.000, $100/day, make $930

 

[Alex023]

Can I ask you a question? I was asking a lot of people here but no serious answers was given.If you do a dropshipping how you deal or plan to deal in any complains? Like someone got broken stuff or like that are you just returning the money or contact original seller to replace the item? Or you resell it in the way that you fisrt buy it and send it on your own?

First, my profit margins are enough to refund if needed. 2nd, my customer are women so I can send them money from my personal paypal and say that it is refund (while no official refund happend, but they got the money) - I have still good reputation and they got the money.
3. my product is not ''breakable''
4. I never saw product I sell, so I neve have rordered and the send myself
5. if you are bad at communication (and psycholog actually, u got no chance, people will eat u alive) you willhave hard time with complaints. Even if everything is right, long shipping times are part of the game. Make some good excuses and turn ur brain into 120% when answering, kill them with kindness (instead of ''you'' write ''You'', always finish with ''have a beautiful day'' etc, be creative)
bonus: do not pick a product that does not have e packet. just dont

 

[Paulie06]

Ofc man, here are some things that might help you: (and no this is not general, this is specific stuff to make u do it sooner or later, there is no formula but always some crazy story behind sucess AND ALWAYS it begins with : ''I met a guy that...'' so create a network of smart people and forget the losers)

** since I got out of bed to write this my grammar will suck a lot

1. Im 19yrs old and I started working i my store on 1st of November
2. RICH AND SUCCESSFUL PEOPLE ARE NOT SPECIAL - please say that out fucking loud and never forget it. 20 days ago, I was not making a single $ and now I can make over 1k in a day easily. And no, I do not feel special
3. Everyone who made it hold their mouth shut about all the small things and small problems
4. due to 3. it is important to try everything out and learn yourself, for example, I can explain you how to ride a bike but you need to fuck your knees up a few times to learn to ride it right
5. be obsessed...if you do not wake up and go to sleep with a wish to bring the loudest fckin lambo in your town in less than 10 years (my moto is: if haters are loud, your engine must be much louder. So feel free to insert some crazy goal instead of my future lambo) - you really have no wish to succeed. Actually, if each non-productive day is not killing you, you just do not have that in you. But if it is, you will find the way - you will have to.
6. Create a checklist (follow me on Quora if you want, I write ocassionally about it ''Aleksandar Stanic'') what you need to do to succeed AND THEN SIMPLY GOOGLE EACH STEP, FIND OUT HOW TO DO IT AND JUST DO IT.
8. All those little problems that will suck your energy are completely part of the journey
9. You will always want more, trust me, 20 days ago I was saying ''ohhh $200 a month! and I would be happy''...pfff bullshit
10. FIND THE RIGHT PEOPLE WHO KNOW THE SHIT YOU NEED

that would be it my friend

(I had to stop the ads because my PP acc is frozen so no point, i cannot reinvest and I do not have enough money with me to pay the ads and products)

Thanks a lot for this short tutorial, I appreciate. It helped me so much. Everything you write about makes perfect sense. I decided to begin my dropshipping journey today. Also thanks for adding me to your dropshipping FB group.

Hope the issues with paypal account will get solved as quick as possible.

Wish you good luck and stay hungry!

 

[Nkib]

For me it's shopify + instagram + facebook also you cann see product in aliexpress ans ebay amazon

 

[ghosteye]

Hey Alex, but why not going to the next level? Singapore/HK/Malta ltd's + merchant account at several banks?

 

[Alex023]

Hey Alex, but why not going to the next level? Singapore/HK/Malta ltd's + merchant account at several banks?

Thats what Im working on atm. You know...when you try to make a dollar online for years...and you just think how to make more, while now there is something that limits me and I have to make less than potential of my business is...very weird feeling, never thought I will have to earn - not-too-much.

What are your suggestions?

 

[ghosteye]

yeah, man. I know, I've been there and this is why only 1% will make real money from this. Taking into the next level is a must, that is the unwritten rule you've missed in your late post.
Take it easy, slow and logical. make normal moves, not desperate ones. Pay a lawyer with 100$ and he will find many solutions. A good company will cost you about 2k and a merchant account a few hundred.
Stay out of offshore companies if possible, as they are denied more and more.

Im sure that if you found out how to make real money, as much as you want these administrative things wont stop you!

 

[Alex023]

yeah, man. I know, I've been there and this is why only 1% will make real money from this. Taking into the next level is a must, that is the unwritten rule you've missed in your late post.
Take it easy, slow and logical. make normal moves, not desperate ones. Pay a lawyer with 100$ and he will find many solutions. A good company will cost you about 2k and a merchant account a few hundred.
Stay out of offshore companies if possible, as they are denied more and more.

Im sure that if you found out how to make real money, as much as you want these administrative things wont stop you!

You see this is why I love helping people, because someone will come and help you too. This is great advice, I already have a guy who has ''a company'' in US while living in eastern EU. He has coorporative PP acc too so now we making miracles. I will call PP and tell them that I will sell the store. Then I will change the PP in my store with his PP and start printing money. (like I said, I sell real stuff and even pay for the e packet so no scams or anything). Ask me in a week or two and I will keep you updated how that went.

You re so right. Only 5% make the money, while only 1% take the money out lol. Thats why people make 100k online get their acounts fucked up and sell 2k courses all over the internet. Paradox.

Definitely a lawyer and a US company is a must-have.

For newbies: I gurantee that this thread will help you more than you can imagine. Im 1 year into this and never heard of any way to solve administrative problems. Write this down you will need it as the last step to $$$.

 

[ghosteye]

good, that's the attitude Happy hunting!

 

[Kai Escalade]

First, my profit margins are enough to refund if needed. 2nd, my customer are women so I can send them money from my personal paypal and say that it is refund (while no official refund happend, but they got the money) - I have still good reputation and they got the money.
3. my product is not ''breakable''
4. I never saw product I sell, so I neve have rordered and the send myself
5. if you are bad at communication (and psycholog actually, u got no chance, people will eat u alive) you willhave hard time with complaints. Even if everything is right, long shipping times are part of the game. Make some good excuses and turn ur brain into 120% when answering, kill them with kindness (instead of ''you'' write ''You'', always finish with ''have a beautiful day'' etc, be creative)
bonus: do not pick a product that does not have e packet. just dont

You can join our dropshipping group on fb: afterhours dropshipping

Thanks for your response, if only BHW have more people like you, successive and nice. I will surely join Skype group in a minute. I have only one question more that is bothering me about dropshipping, are you informing clients about long time of delivery in some clearly visible way or rather you try to hide it from them, what is better strategy for generating sales?

 

[Jeter62]

Have you tried 2checkout? Works well for me

 

[Alex023]

Have you tried 2checkout? Works well for me

How did you give them all the infofro the company on aliexpress? They asked me to..also how much money do thry let u accept? Are u new seller or not...all those are ver important factors.