Hi, BHW - Started Dropshipping in January

Hi everyone! It's great to be a part of this community. I found out about all of you guys from a friend that is very active in the eCommerce space. To introduce myself a bit, I am a recent college graduate and I started my first dropshipping website in January. To date, I have done ~250K in revenue on that site, but am really trying to improve my margins.

I have a job lined up in management consulting after graduation, but decided to take a gap year to really explore different ways of earning income, especially opportunities that aren't frequently advertised in school.

I am very fascinated with this space and excited to learn from all of you - it's an honor to be here.

Wow, thats good stats mate... What are your cost of the product u sell and what are the profits... how you advertise your web

shadowmk said:

Wow, thats good stats mate... What are your cost of the product u sell and what are the profits... how you advertise your web

Click to expand...

I get 55% margins on products alone and I use Facebook targeted ads. It's been a roller coaster ride, a lot of changes in momentum. I was doing around $8K/day in sales at one point, but got suffocated after a PayPal review that caused a lot of cash flow problems. I'm trying to scale back up.

Wow, that's great margins, can you explain little bit more, how much you spend on ads, how many sales, what kind of ads u use.. etc etc... I mean if you dont mind and you have time. Thanks, and congrats! Thats reallly impressive

Also interested in knowing more of your process bro. Sounds great, keep it up

After ad spend, paying VA's, returns, processing fee's, etc. I only take home 10%, which is why I am here and trying to learn/explore more effective ways to market. I use a variety of Facebook ads and I've developed a strategy to date that I'm still continuing to refine through a lot of repeated testing, etc.