[Q&A] Did 150,000 in sales.

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biblisch

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Hello everyone! I started dropshipping back in 2018, was a completely beginner. Made a few hundred dollars then stopped it..

Started again in 2019 will full swing, scaled the store after August for Q4 made 100K in sales then COVID came and disrupted everything.

Stopped and started again in 2020, made 50K so far. I was not a member of BHW but I learnt a lot from here so I am thinking of giving back. I can answer questions on anything (products, ads, suppliers, scaling) I’m not selling anything but just trying to help.
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biblisch said:
Hello everyone! I started dropshipping back in 2018, was a completely beginner. Made a few hundred dollars then stopped it..

Started again in 2019 will full swing, scaled the store after August for Q4 made 100K in sales then COVID came and disrupted everything.

Stopped and started again in 2020, made 50K so far. I was not a member of BHW but I learnt a lot from here so I am thinking of giving back. I can answer questions on anything (products, ads, suppliers, scaling) I’m not selling anything but just trying to help.
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Do you think dropshipping is still good for someone like me who is a complete beginner?
And how much do you think I should have in hand for upfront investment and how long do you think it takes before i start seeing some ROI to reinvest it ?
Thanks
 
The biggest questions everyone will ask is :

What is the profit?
How much you have invested?
How much do I need $ to start?

And of course, will I make a profit :D

@biblisch nice to see you are doing good, keep it up!
I don't have any questions...
Just wanted to say thank you for showing up and having a will to help other people.
 
Letsseeificanwin said:
Do you think dropshipping is still good for someone like me who is a complete beginner?
And how much do you think I should have in hand for upfront investment and how long do you think it takes before i start seeing some ROI to reinvest it ?
Thanks
Click to expand...
Absolutely, it is! Just dive in and you will learn. It’s easy. I would say keep atleast 1500USD in hand to start. If you are a beginner

TheVigilante said:
How did you go about choosing the products for the dropshipping?
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There are many ways, my favourite is competitor research, just research and see what’s selling and replicate, see what they are not doing (for example if they are not targeting a country in ads, or maybe the customers are not happy) understand the pain point and do better

MrDenz said:
The biggest questions everyone will ask is :

What is the profit?
How much you have invested?
How much do I need $ to start?

And of course, will I make a profit :D

@biblisch nice to see you are doing good, keep it up!
I don't have any questions...
Just wanted to say thank you for showing up and having a will to help other people.
Click to expand...
Thanks. :D
I have answered that the profit it 40%
I have been doing FB ads from a long time so I started with 300$ since I knew what I am gonna do.
Roughly 1500 if you are a beginner, if you have any experience in ads than 700-1000
Yes you will if you work hard and stay focused
 
biblisch said:
Absolutely, it is! Just dive in and you will learn. It’s easy. I would say keep atleast 1500USD in hand to start. If you are a beginner
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Thank you very much I appreciate it
Can you please tell me how long it may take for me to see ROI so that I can reinvest the money? Maybe I sound stupid but just some rough estimate time maybe??
Do you think I should go with someone as my mentor? They are charging more than $900 for mentoring is it okay for me to do it alone?
 
Letsseeificanwin said:
Thank you very much I appreciate it
Can you please tell me how long it may take for me to see ROI so that I can reinvest the money? Maybe I sound stupid but just some rough estimate time maybe??
Do you think I should go with someone as my mentor? They are charging more than $900 for mentoring is it okay for me to do it alone?
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I saw the ROI from the third day. You have to understand how things work. Let’s say you are running ads of 15$ per day (3 ads of 5$ each) and you sell a product for 49.99 and considering everything is good you sell a product. You get 49.99 from that you pay 15$ to ads, and 5$ to the supplier. You will still have some money left. But now you know what doesn’t work. So you kill those 2 adsets which are not making sales and scale (increase the price of this to 15$). The point is you have to start slow, you can’t be like spending 100$ from the day one. That’s what a lot of beginners do. You have to go slow, understand the data.

What do I mean by understand the data?

Lets see you are running ads and you are getting clicks but they are not buying the product, so you troubleshoot the problem, change the theme maybe. Or go through the flow as a customer. These things you can only do when you run ads with a small budget, because let’s say you spent $100 and things doesn’t work your 100$ will be gone. So the rule number one is start slow and understand the data.

As far as mentor is considered, yes 900-1000 is a fair price I would charge the same. But you have to have a deal, maybe have a proper contract and discuss what is he gonna offer. Because the thing is it’s very easy to fool beginners, so choose someone whom you trust.
 
biblisch said:
I saw the ROI from the third day. You have to understand how things work. Let’s say you are running ads of 15$ per day (3 ads of 5$ each) and you sell a product for 49.99 and considering everything is good you sell a product. You get 49.99 from that you pay 15$ to ads, and 5$ to the supplier. You will still have some money left. But now you know what doesn’t work. So you kill those 2 adsets which are not making sales and scale (increase the price of this to 15$). The point is you have to start slow, you can’t be like spending 100$ from the day one. That’s what a lot of beginners do. You have to go slow, understand the data.

What do I mean by understand the data?

Lets see you are running ads and you are getting clicks but they are not buying the product, so you troubleshoot the problem, change the theme maybe. Or go through the flow as a customer. These things you can only do when you run ads with a small budget, because let’s say you spent $100 and things doesn’t work your 100$ will be gone. So the rule number one is start slow and understand the data.

As far as mentor is considered, yes 900-1000 is a fair price I would charge the same. But you have to have a deal, maybe have a proper contract and discuss what is he gonna offer. Because the thing is it’s very easy to fool beginners, so choose someone whom you trust.
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My thanks and appreciation
 
Can you explain briefly about product research? I have already tried 2 products, electronic and women product, but both were failure, got almost 0 lead after spending 20$ and they were cod offers, please help :(
 
Shashank shahi said:
Can you explain briefly about product research? I have already tried 2 products, electronic and women product, but both were failure, got almost 0 lead after spending 20$ and they were cod offers, please help :(
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Hmmmmmm! I can understand. Product research is tricky but easy. But before that I would say $20 is a very small amount firstly.

Product research is a very broad topic but you can use Aliexpress to check the best selling products in a niche. My personal favourite is women’s cosmetics, I don’t intend to sell apparel because of the sizing issue. Just sell cosmetics, bracelets, or if you wanna sell electronics than sell those cute moonlight lamps,Valentines is here so I would have sold Relationship Styled moonlight lamp and targeted couples.. :D

Competitor research is also easy just go to this site explore the stores from 50-100 see if you find anything, look it up to Aliexpress and stalk their Facebook page see if they are running ads for their product and if they are just see if people are still interested in that (commenting or not or engaging or not) you can also use the ad library by Facebook to check. And just replicate the store.
 
kk42041 said:
How do you manage faster delivery and private labeling?
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If the product does better I get a warehouse in US (online through ShipBob), and I ship in a day, so it reaches them in 3 days maximum (US domestic).

Private labelling — my supplier does that for me, he is in direct contact with the manufacturer and negotiates on my behalf.
 
biblisch said:
If the product does better I get a warehouse in US (online through ShipBob), and I ship in a day, so it reaches them in 3 days maximum (US domestic).

Private labelling — my supplier does that for me, he is in direct contact with the manufacturer and negotiates on my behalf.
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Would you share your supplier's contact if possible?
 
kk42041 said:
Also what tool do you use for product research
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I don’t use a tool, because let’s say you use tool XYZ and you find a product, don’t forget that you are not the only one which may have found it. So it increases the competition, better stick to manual methods for research. I have shared some info above, check.
 
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