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So many dropshipping possibilities.. what do I choose?!

Discussion in 'Making Money' started by legoandmars, Aug 3, 2017.

  1. legoandmars

    legoandmars Newbie

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    For the last week or two I've been researching dropshipping.
    I've watched many, many different YouTube videos from several different people on the subject, as well as a ~5 hour Udemy course.

    But I keep switching back and forth between wanting to do eBay dropshipping and Shopify dropshipping!

    I have around 9 grand which I can use to invest into a new dropshipping business (although I highly doubt I will need to invest even close to that much.)

    And I really just can't decide which would be more profitable in the long run!

    My goal is to be able to pay for my college education 100% in 4 years.

    Do you guys have any suggestions on which type of dropshipping I should choose if I want to reach this goal? Or is there another, totally different type of IM that I should get into?

    Thanks!
     
  2. ThopHayt

    ThopHayt Jr. VIP Jr. VIP Premium Member

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    Well... do you even know WHAT you want to dropship yet? Before you decide the source you may want to consider. Then consider which items you can rank keywords for or get good PPC prices on bids for.

    -ThopHayt
     
  3. legoandmars

    legoandmars Newbie

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    I haven't really decided on any certain products/niches yet, but I'm researching a few that I think may do well.
     
  4. ThopHayt

    ThopHayt Jr. VIP Jr. VIP Premium Member

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    Get those decided first, then find a dropshipper that does that well.

    -ThopHayt
     
  5. morenox207

    morenox207 Junior Member

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    I would take in consideration a good provider of goods, if you can find one that can be trusted and got decent delivery time then maybe you could integrate that item in your shop
     
  6. legoandmars

    legoandmars Newbie

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    Here's a concern I have, though.
    Is it a bad idea to choose a dropshipper that ships from china, and might take 20-60 days for delivery? (I feel like almost everyone on aliexpress, alibaba etc does this..)

    It seems like if I did this the chargebacks would go through the roof...

    Is it worth paying extra for fast shipping/epacket shipping/someone shipping from the US to increase customer satisfaction AND reduce disputes/chargebacks?
     
  7. zanderzero

    zanderzero Jr. VIP Jr. VIP

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    You can definitely use someone who ships from China, just make sure that the buyer knows that they'll be waiting that long before they purchase anything. Speaking from experience, regardless that I still came postive a couple grand, I lost close to $300 in chargebacks just because they didn't clearly see the shipping times. Just make sure that you play it smart.
     
  8. tonkin_wanderer

    tonkin_wanderer Junior Member

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    For ebay, I think that Amazon - Ebay arbitrage might be worth considering. It's low cost investment and easy to set up.

    In the long run, Shopify dropshipping is the better choice, as you'll have your own site, own brand at your own disposal.

    Btw, don't spend all the 9 grand you're having and hope that it'll pay back for your college cost. IM is the long journey. It's trial and error until you find the method/project that works for you.
     
  9. clumsyjessy

    clumsyjessy Registered Member

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    I do not recommend you eBay (there are some reasons for that), better go with your own store
     
  10. danixD

    danixD Senior Member

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    Didn't have a single chargeback for the shipping time (shopify-china)
     
    • Thanks Thanks x 1
  11. kartuqq

    kartuqq Newbie

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    interesting thanks!
     
  12. Welkroo

    Welkroo Regular Member

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    I think ebay is a great place for fast selling items like playstations etc..
     
  13. redx

    redx Newbie

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    is it possible to drop ship from my own site without shopify?
     
  14. Rastis

    Rastis Newbie

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    2 big problems with ebay dropshipping:

    1. All the aliexpress vendors have their own ebay presence - you are gonna beat their price.

    2. As soon as you find a product with a decent margin, unless your manufacturer is exclusive or a secret to you...someone else will undercut your price, sell for a lesser margin...the cycle continues until its theres just no profit it in
     
  15. Bud8

    Bud8 Jr. VIP Jr. VIP

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    I recommend you to not put your money in products/inventory at all.
    You need to learn more about dropshipping and invest money in getting traffic to your store. Aliexpress can send products directly to your buyers you don't have to hold onto those products.