Seeing the dozens of YouTube gurus and Facebook posts about people making tons of money dropshipping, we had to implement the same strategy. There's no way that many people would be faking their results, right?
we were wrong. It wasn't nearly as easy as people made it out to be, and as you can see by the graph it took 9 months to get a little traction.
To run this business is simple. You have to do product research by looking at competitors, and "test" them by running Facebook ads to see if they're profitable. If they are profitable, then you can "scale" them by upping the budget in the correct ways. Once we figured out how Facebook ads work and how to do proper product research, there wasn't another month where I was unprofitable and didn't find a winner. The large drops in the graph were only due to Holidays (like CNY) and COVID.
Included: Logo and Branding Assets, Support after sale, Suppliers Relationship
Annual Sales Revenue (€):
Annual Net Profit (€):
Year of Establishment:
Number of Employees:
Real Estate and Premises Details:
none, online business
Furniture / Fixtures Value and Description:
none, online business
Inventory / Stock Value and Description:
I'd do the same thing that I've been doing before, just a larger scale with a larger team. Testing more products, optimizing the facebook ads better, and making the team more efficient. I'd do the same thing that I've been doing before, just a larger scale with a larger team. Testing more products, optimizing the facebook ads better, and making the team more efficient.
Competition / Market:
You have to be familiar with the dropshipping store business model, just understanding how it works at a basic level. Also, if you're somewhat familiar with Facebook ads that would help more. I offer post-purchase support so I'd be happy to show you exactly what I've done to grow this store.
Support & Training:
I've coached friends in a few weeks from 0 to $10k+ profit/month, and that's just over messenger. For the first 60 days I'd be happy to in-depth on what I did and why I did it, and guide you through the process completely. It shouldn't take more than 60 days for you to become profitable.
Reasons for selling:
I knew selling this store would come eventually. Dropshipping from China (which is what I'm doing) is merely a stepping stone into bigger things in the online world, with the next steps being starting another business with the cash you've earned, or moving your operations inside of the US, private labeling products, etc. I'm opting for the 2nd option, creating my own company in the U.S.
That being said, there's nothing wrong with dropshipping from China. It's the BEST business for people new to the online world, and if you can figure it out you'll easily be able to make a 6 figure income while working a few hours per week. I've made $18k in just one month, and I'd be happy to show anyone purchases this store the exact processes I used to do so.
NOTE: The dropoff you see after May were because I stopped running Facebook ads to focus on my new business. At that point I was still making organic sales, but not nearly as much as before. The same thing happened in February when I stopped running ads because of the initial COVID outbreak.
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