Investments to make in order to increase chances of dropshipping success?

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Hi all,

Next week, I will venture into the world of dropshipping. I have already researched it a fair bit online and have a pile of case studies and such on my desk just waiting to be read and make notes from when I am available from Tuesday onwards.

I want to really give this dropshipping a proper go. I'm not thinking I can come here to the dropshipping world and do next to no work, spend nothing and earn big money. I want to treat this as a full-time job. I can spend 10 hours a day working at it, 7 days a week if thats what it takes. I am also willing to invest money in order to increase my chances of success.

I was wondering if anyone can give me any advice on what would be a good investment in order to have a higher chance of success at dropshipping. I am open to any and all suggestions. I have been checking out things like Intelligynce, Dropship-spy and product list genie. Are these kind of things worth buying? Any other tools or services or anything else out there that you can recommend.

I just really want to make this work and I am willing to give it my all.
#chances #dropshipping #increase #investments #make #order #success
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  • Profile picture of the author dave_hermansen
    This all starts with the product. What you need depends on the type of product you are dropshipping.

    If you're dropshipping the same junk from AliExpress that everyone else is, you probably do need some of those gimmicky apps to tell you what the current (and fading fast) trend is.

    If you are dropshipping well known, brand name products that cost at least $500, I can't think of a single app you need. Because pay per click ads are paid for a month after they have been running, I'm not even sure you have to factor much of anything in for an advertising budget for large ticket items. Your profit per sale should be more than enough to cover the previous 30 days' ad spend.
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    • Profile picture of the author ynwa1892
      When you say well known, brand name products for 500+ do you mean, for example, using the closest branded thing I see to me, selling HP Pavillion laptops?

      Surely with these kind of products, they are already well known of and easily available for a drop shipper to sell for such an inflated rate? Say a HP laptop costs 500 dollars, why would someone buy it for 700 dollars from me? When spending so much money, people will do their research. If they search HP pavillion laptop, the first few ads will show that its available for 500 at a more reputable store 5 minutes from their home.

      Obviously this isn't the best example, but the same laws apply to other high cost, branded items, i'd assume.

      Curious to hear your response.
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      • Profile picture of the author dave_hermansen
        Originally Posted by ynwa1892 View Post

        When you say well known, brand name products for 500+ do you mean, for example, using the closest branded thing I see to me, selling HP Pavillion laptops?

        Surely with these kind of products, they are already well known of and easily available for a drop shipper to sell for such an inflated rate? Say a HP laptop costs 500 dollars, why would someone buy it for 700 dollars from me? When spending so much money, people will do their research. If they search HP pavillion laptop, the first few ads will show that its available for 500 at a more reputable store 5 minutes from their home.

        Obviously this isn't the best example, but the same laws apply to other high cost, branded items, i'd assume.

        Curious to hear your response.
        True dropshipping is all about getting wholesale prices and then reselling at retail, not buying at retail and selling at an inflated retail price.

        You do that by contacting the brands you want to carry, convincing them of your eCommerce expertise and getting them to ship directly to your customers instead of having to buy in bulk to receive wholesale prices.

        Although, for many reasons, we would not consider selling laptops or PCs, using your example, we would start by contacting HP about dropshipping. Chances are, they won't do it but they might gladly provide information about their large buyers or distributors who may very well dropship for us and give us pretty decent pricing.

        The types of products we target are ones that tend to have a retail markup of at least 20% and that are not easily found in brick and mortar stores. Neither of those things are true about most home electronics products, which is why the HP computer example is not the greatest one to use. (Generally speaking, consumer electronics tend to have a markup of 7-10% and you can find them everywhere).

        It's all about keeping your mind and eyes open and spotting things that are not found in retail stores or that retail stores only have one or two models of (when dozens are really available). If people can buy things locally, they usually do. And, in our ideal model, we want things that have a retail cost of at least $500 because at 20+% markup, that gives us a ton of PPC ad spend room where we can still make a profit. We also want it to be something that gets searched for a decent amount (100+ times per day is a good bottom line starting point).

        It's hard to give examples of the right type of niches because we do not want to reveal the ones that we are in or that our coaching students have built websites around. There are two articles on our NicheBlueprint website that discuss what products NOT to sell and which ones you SHOULD sell. If Warrior Forum allows the links (it's so hard to figure out what is allowed anymore - it used to be "as long as the links are helpful"), they are:

        What NOT TO Sell Online - Products to Avoid

        What TO Sell Online - Products That are Always a Hit!
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        StoreCoach.com- Learn How to Dropship the Right Way - Buy & Sell Websites - Partner with Coach
        My PROVEN ecommerce process, as seen on: Fox News, the NY Times & Flippa
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        • Profile picture of the author ynwa1892
          Thanks for the super informative post.

          Its something I will definitely consider for the future.

          For now, unless I think of a good idea inline with your methodology, I think I will go ahead and choose a niche and products from Aliexpress I feel will work. I am a lifelong researcher and never actually pull the trigger on doing something, so I just want to get stuck in and learn as I go along.

          The way I see it, if I set up a store and it doesnt work out, it will only cost me a few hundred bucks and I will be a lot more prepared for the second go and maybe have more ideas by then and will have learned a lot of lessons to apply.

          I am in a good position right now where I have a few months of unlimited time on my hands to work at this. I also have a few thousand I can use towards this. I feel if I keep at it and work smart and learn from mistakes, eventually I will get there. My goal is to make €500 a month in profits by the end of year.

          Because of all the above, thats why I am asking if there is anything I can do to increase my chances of success. I have some money I can spend to increase my chances. Time, I have in abundance. This will be a full time job from here on in trying to make this work.

          Thanks again for the reply.
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  • Profile picture of the author dollarswealth
    For me, what worked best is instagram video ads


    excellent for me


    I think the niche/product matters.



    Videos drive sales, just get videos then do an instagram only ad.
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