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Dropshipping Income Reports!

by johnnyfd
14 replies
  • ECOMMERCE
    • |
I'm a big fan of seeing how others are doing and what methods they are using to source suppliers and what platforms everyone is on.

This is the best way to see what is actually working or not.


Post here with a screenshot of your sales from last month, your platform, and supplier source:


I'll go first.

Platform: Shopify

Source: Direct from Manufacture

Screen Shot:




Go!

P.S. feel free to ask me anything.
#dropshipping #income #reports
  • Profile picture of the author powerboss
    Is the total profit $21k or what is your share from that $21k sales? All the sales from organic rankings or do you use PPC?

    Anyways congratulations on your success.
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    • Profile picture of the author Importexport
      Originally Posted by powerboss View Post

      Is the total profit $21k or what is your share from that $21k sales? All the sales from organic rankings or do you use PPC?

      Anyways congratulations on your success.
      johhnyfd posted his income report on another thread and stated profit on $17000 as just over $2000. That works out at about 12%, which is the same as chuff1026 has stated.

      Strangely, in another thread, chuff1026says: "i currently dropship from amazon, walmart, kmart sears and wayfair. I do about 100k a month in sales with about 10k in profits."

      That's 10% but in this one he says he makes 12%. See his post above: "i dropship on ebay
      suppliers are walmart, amazon, kmart, academy
      profit margin is average 12%"

      Whichever claim is right, those margins are extremely poor. As I posted on another thread:

      "The profit margins can be huge. Here is an email I received recently from one of my book buyers:

      "Ok. From extremely skeptical to successful completion. Credit given where credit is due. I followed the book instructions you laid out. Took my time to double check everything and was able to successfully import an order from China. Not only that but it was also a “sample order” for less than 300.00. A 300% mark up has allowed to get initial investment back and I have 70% of my inventory left. Stop promoting your book. Your encouraging competition for me Many thanks." Email on file for FTC inspection if required."
      Signature
      Use emotions and perceptions to build a great brand. Ask me about my book LabelsThatExploit. For safe sourcing and easy importing from 41 countries globally, see https://provenglobalsourcing.com
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  • Profile picture of the author chuff1026


    i dropship on ebay
    suppliers are walmart, amazon, kmart, academy
    profit margin is average 12%
    Signature
    Check out my 700+ FREE Videos on Youtube About Drop Shipping
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    • Profile picture of the author JoshDev
      Originally Posted by chuff1026 View Post


      i dropship on ebay
      suppliers are walmart, amazon, kmart, academy
      profit margin is average 12%
      I do the same. Which products/category are you finding sell best?
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  • Profile picture of the author chuff1026
    i could give a rats but about the margins if i dont have to put ccash out to dropship
    i scale my business iwth very little overhead
    VERY LITTLE
    i have 3 VAs from nicaragua that run be 600 usd a month
    and thats it
    no stock on hand
    no money being tied up
    and i can scale more
    just choose not to
    my best month was a lil over 300k lst christmas
    Signature
    Check out my 700+ FREE Videos on Youtube About Drop Shipping
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    • Profile picture of the author Importexport
      Originally Posted by chuff1026 View Post

      i could give a rats but about the margins if i dont have to put ccash out to dropship
      i scale my business iwth very little overhead
      VERY LITTLE
      i have 3 VAs from nicaragua that run be 600 usd a month
      and thats it
      no stock on hand
      no money being tied up
      and i can scale more
      just choose not to
      my best month was a lil over 300k lst christmas
      It seems that I have upset you by pointing out that you have posted different claims to profit margins in different posts. I guess that is why you say you don't care about margins.
      Signature
      Use emotions and perceptions to build a great brand. Ask me about my book LabelsThatExploit. For safe sourcing and easy importing from 41 countries globally, see https://provenglobalsourcing.com
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  • Profile picture of the author chuff1026
    300% margins are great
    and i am happy for you
    but the business model is complete;y different
    and if you dont get that
    i dont know wtf is wrong with you
    if you want to import
    more power to you
    i also import
    just not on your level i am sure
    i do some FBA stuff with my imports
    but its still not the same bloody business
    all you guys do is talk in circles to seem like you know wtf you are talking about and its annoying as hell
    Signature
    Check out my 700+ FREE Videos on Youtube About Drop Shipping
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  • Profile picture of the author chuff1026
    i have two different accounts
    i sell 70 things a day or so
    the profit margin ranges from 10% to 12%
    i just get pissed off when peopel do not stick to what is being talked about
    and address the topic at hand
    when people ask about dropshipping usually its for a reason
    not to be hard sold on some bs
    Signature
    Check out my 700+ FREE Videos on Youtube About Drop Shipping
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  • Profile picture of the author johnnyfd
    Woohoo! This is going to be a good month. I had a $12,000 order the other day!

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    • Profile picture of the author violet0176
      What do you sell?
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      • Profile picture of the author ianooi
        Hi,

        Do you mind share what products or industry you are in with drop shipping? Im currently doing the same in car pars industry and my supplier is direct from Japan, profit margin around 20%. Im wondering you get your supplier in Amazon, walmart, what is the margin? i think it should be less than 10%.
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  • Profile picture of the author Kickstarter18
    how do u decide which items to dropship?
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  • Profile picture of the author Junkytoona
    Sales don't mean much with a low margin. It seems like the key to success in dropshipping is to have lots of stores.
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