No lie I didn't even know it was an ad, I was like "Is this clickbait?, I thought the video said dropshipping is a horrible idea so why is dude trying to convince me to buy a course about drop shipping lol"
Problem with the Dropshipping 1) No control of shipping times 2) No control of inventory 3) Generally low profit margins 4) High competition these days
@@одо of course, most people who start dropshipping on eBay and Amazon without a proper plan to address those 4 issues and usually get kicked off the platforms. Either way you still don't have the best prices because the person whom you buy your stuff from has already put their profit. There are some ways around this though.
@@одо You have to find a niche, try looking at TH-cam videos there are people that have grossed from 100k to 1 million. You can also look at sold listings on eBay to see what is good to sell
I have to come home EVERYDAY & argue with my brother over this shit. He SWEARS that “if we do this dropshipping thing for long enough, we can quit our jobs and hire our mom as an employee.” I’ve tried & tried & tried to tell him that shit like this would have been a good idea in 2011, but Amazon has stepped their game up. If you figure out how to do something better than them, they’ll undercut you. If you figure out how to be nicer, they’ll drop their prices. If you figure out a unique product, they’ll make it for cheaper. Amazon wins. I’m so sick of coming home & having to talk to a brick wall that’s trying to get me to throw my money away with him on a fake business model.
lmao, dropshipping aint a business model... it's a fulfillment process. The business Ins't drop shipping it's an online store selling a product(s). He aint building a dropshipping store, hes building a business, which for now fulfills their products through a manufacturer... maybe quit putting him down and let him understand this. edit: actually nah, scrap that, keep putting him down, because thats what I had to go thru lmao.
I got dropshipped once, I was tricked into thinking it was a hand made product. It turned me into a more suspicious buyer and if I find out someone is dropshipping I will never buy anything from them.
@@ZoeAlleyne Can helping with answer? I try that so long for without conclusion is can be the answer. If you are think that being when can if do that of is where wasn't can be without it. Do when bring is of it can you up is of there? Or can bring when be of that is? ? Because when they are there is the in of doing with them they are that ones. So if are they that one is you and without then? When do so can if it was there when it will didn't can then how does it went to that before there is on timing inside without them?
Love that I got a drop shipping ad in the middle of this video, where the ad explicitly talked about a point you just debunked seconds before the ad played.
@@JYMAHJAMES If you are think that being when can if do that of is where wasn't can be without it. Do when bring is of it can you up is of there? Or can bring when be of that is? ? Because when they are there is the in of doing with them they are that ones. So if are they that one is you and without then? When do so can if it was there when it will didn't can then how does it went to that before there is on timing inside without them?
People who have a business-oriented mindset tend to capitalize on as many things as they could, that's why. They simply want to have multiple sources of income.
@@maha-tg7df nah, cuz dropshipping is all about branding and marketing..... when everyone is selling toothbrushes, whoever can spend the most money on advertising and branding wins.
Dropshipping is literally a business that basically works as a sales division to a warehouse manufacturer. And sales is one of the most valuable industries in an economy, basically all things are secondary.
To the two folks above me who replied: Next time you want to buy something, try going to a manufacturer and getting your stuff from them. I’m sure you’ll be back to your favorite sales people before you know it.
Actually money really is created when banks loan it. It has nothing to do with "creating value". I have had plenty of jobs where I worked hard and got fired, and jobs where I sat around doing jack and made money.
Love that this had one of those "I gotta secret and make tons of money" ads that's probably drop shipping . Either way, it's so good that they're going to share it with you, and give themselves competition. And spend time letting you know about it, because they're such generous people.
Hey, I know I'm a couple years late, but I've heard it said that Amazon subsidizes their storefront because it actually loses them money. Their real focus is on cloud computing. So pretty much everything you said is accurate. Dropshipping isn't as profitable as one would think, but Amazon is playing the long game, trying to drive its competitors out of business before it starts raising prices to make it a profitable venture. Or so I've heard it said.
The ad your about to see is probably about dropshipping as w- "HEY GUYS IM GONNA TELL YOU HOW TO EARN 10 000 A MONTH BY DROPSHIPPING ONLY 1 ITEM A DAY"
I tried dropshipping for 2 months and ended up with -300 dollars because of ebays ridiculous selling fees. Thanks for telling the truth about dropshipping in tired of people telling others its a great side hustle. The amount of time and effort isn't even worth it even if you can profit some.
@@PhilOfficial1 Because ebay is always on the buyers side. I had several items where the buyer said it didn't arrive, they got a full refund, the item the next day or a few days later and ebay says too late this case is already closed. You can be profitable but the amount of work is not worth the little side money you MAY get.
yeah its true tho and they all say that its very cheap on amazon but the same object on amazon costs 10 while on aliexpress its like 2 so dropshopping will still continue
@@TheMonkeyNetwork Yea like everyone knows what a fkn dropshipping store is lmao do you even know how business works lol people just want to buy what they see without thinking about it
Many people say that it is dead in 2021. The problem is, they can't find the right products which is, in my opinion, the most important thing for this type of business. If you are struggling to find a so-called "winning" product or you don't have much time to and test products, I could recommend some "hunting" servies like wz dropshiipping or some others as well... Feel free to share your suggestions!!
I did dropshipping for a couple years. I wasn't "making millions" but I did make a full time income. I would not make make customers wait 3 weeks for their product though. I would usually test a product using a "pre-order" method in which if I got enough traction on a product, I'd order the product in bulk and use a fullfillment center in the US, that way new customers would have sub 5 day shipping times. Unfortunately I have shiny object syndrome, and that's why I eventually quit. Dropshipping isn't dying as a whole, but dropshipping from China is.
@UCCBLun1xZVdGtWJa9lTP2Aw it's basically the inability to focus on one business or idea/get bored easily. I made a video on my channel called "why many entrepreneurs fail" that goes into detail a little bit.
Damon Neal Whats the logistics behind buying in bulk and then shipping it to a fulfillment center in the us? Do u check the bulk products for any defects before u tell the center to start shipping? What’s the cost for shipping it from fulfillment centers?
@@BlakeTedKord The dude is trying to sell stuff, just like this channel is. Its all to cast the widest net possible and "catch" as many people as possible for their products.
@@drewdebrocke2656 It depends on how you approach the dropshipping. Mini market/convenience store in an essence is a dropshipping business that exchange the convenience and availability without adding any value to the item itself, which meaning that even without adding value to items, you can still make profit. Justin above already pointed that marketing is a viable exchange for profit. MLM(not a pyramid one) is an example of exchanging marketing with profit. Marketing items that has no selling power outside of its own region internationally will give you profit. There is also availability option where you can only get certain item from dropshipper like obtaining branded items with its branded quality but without the logo.
@@keihazuki22 Ehh, convenience stores can general buy their stock with bulk or wholesale prices, meaning the cost to the customer remains sane. Dropshippers, on the other hand, literally just place an order and have it shipped to their customer when their customer makes the order, meaning the customer literally could have just bought the same thing for a lower price from the source. The whole point of drop shipping is that you don’t need to hold any stock, meaning you can’t get bulk or wholesale discounts. The only value you’re adding is marketing, but remember that a certain amount of marketing had to be done for you to find it in the first place.
Mate, that ad callout at 7:15 was utter perfection. "Do you want to start a dropshipping business with .... *skip ad*" So very satisfying to know that dude wasted his money on that ad.
How much are you guys making, would be nice to have your opinion instead of some influencer trying to sell his course, have you had any trouble to start, how was it?
drop shippers are just advertisers, they move products for businesses in china. They are just a middle man and get paid compensation for the effort. Drop shipping is a impulse sale business. Now Amazon sells from stores, takes time to browse and is just like any other business like ebay etc. Drop shipping will always be around
Also drop-shipping typically focus on a niche. They sometimes include a blog with their site giving their customer more information. Amazon too big for that so they have slightly less care for customers.
True. I don't impulse buy a whole lot, but there's a market for it because tons of people do. Think of why they put candy bars by registers at Walmart or lottery tickets right by the checkout in gas stations. It's the same premise, just with an online platform. I don't think that's dead because a lot of people are still as impulsive as they've always been.
Hey Jake. Good video! Here's an alternative viewpoint. Dropshipping, while in most cases is not the greatest long-term business model, it's an EXCELLENT way for beginners to quickly learn a bunch of business/digital marketing skills. Anyone that goes through the process of running a dropshipping business from start to finish has to learn how to: 1. Do market research & competitor analysis 2. Decide on a business name and register a domain 3. How to setup Shopify / email accounts / payment processors / edit themes 4. How to design a logo & edit images / use photoshop / video editing software 5. How to write good website copy, product descriptions, ads and come up with different marketing "angles" 6. Set up social media profiles & run Facebook ads 7. Read data, set up reports, manage cashflow and look at business metrics like COGS, ROAS, ROI etc. 8. Basics of conversion rate optimization /split testing 9. Source products, deal with suppliers & negotiating 10. Writing job descriptions, interviewing/hiring staff, writing SOP's and training manuals ... and more! These skills are all invaluable and best of all, transferable to any future ventures/projects! Just my 2c :)
a·ly·gra·phy that’s probably because you didn’t apply what you learnt into the real world. real life experience is worth more than studying that something
MarcosArg right any logical person knows to have multiple streams of income. Nothing wrong with an extra income for a profit income. it’s about what you do with your earnings not how long it takes you to get it.
It's true the only wrong thing in those online classes are the expensive houses with the get rich quick but even amazon wasn't made in one day you still have to put the work in if you want it to work
Dropshipping is only dead if you look at it like a get quick rich scheme which they don’t exist. If you put in the time and work it takes you can have a successful dropshipping store
@@zacharypeterson4178 if you look at any business model with that mindset then you will lose money. I've been dropshipping for a year and it is my only source of income. You can be very profitable with it if you put the time and effort in.
@@v3ike It looks like we agree with one another. Provided one puts in sufficient time and effort into dropshipping, it becomes quite a great industry to be in.
I think your views on this topic kinda run against the whole idea of capitalism. The idea is to generate as much profit as possible as efficiently as possible, not offer value strictly speaking. Of course it is assumed the free market would weed out lesser competitors but the success of an enterprise isn't really directly linked to value (real or perceived) nowadays imo
yes! i was following him up until the part where he said that amazon provides low prices and fast shipping because they care about their customers. like lol no they care about their customers’ wallets
@@zeapic8500 eh, when he says "I dont say CHECK IT OUT, ITS IN THE DESCRIPTION"... it takes 10 IQ to realise what hes doing... though I admit it was kinda funny
I am hooked with your videos! Always good insights and very good flow. Never gets boring or too technical for Teck dummies like me! Keep it up awesome job
Excellent video Jake. Important that you made it. Entrepreneurship is great, but it’s hard, so you need a passion and a focus on actually delivering value to the customer as you said. There IS easy money and there is LOTS of money, but you can’t have both. Pick one. You can’t get lots of money easily.
Can somebody help me I drop ship but I ran into a problem because PayPal put a hold on the money so I can’t make a order and they only release it when they receive it but I can’t let em receive it because I’m droppshipping hellppp
Was considering doing this as a job when I worked/lived in UK since it was an alternative and had a Warehouse job where I was the team leader in charge of FBA's (Forward by Amazon) so was making sure I delivered the corect quantity and quality products. Thanks for the heads up!
This is probably the 12 of these videos I watched in a row… you have provided a valuable product, quickly streamed to my phone, for free. New subscriber unlocked.
When any given industry experience a rise in "how to" videos and online gurus the industry is saturated and selling a course is more profitable than the actual business - In short, you're fighting the odds and won't make money, because you're too late.
@@lil_jong-un6668 um… NFT’s aren’t like a specific business. The reason why people are making videos on it instead of trying to make money on it themselves is because they don’t actually understand it. And the average person should not be “investing” in NFT’s to begin with.
I'd like to take a moment to appreciate exactly how insane the Amazon logistics network is. I'm not big on the whole "capitalism" thing, but the ability to ship something from one side of the planet to the other in 24 hours is _damned_ impressive.
I think the airplane should get most of the credit for that and a lot of what's left would go to U.S.P.S who actually finalizes delivery, provides the tracking, offers the package insurance &, is somehow able to do all that with a MASSIVE forced 75 year pension prepayment requirement & had to deal with Trump taking away mail sorting machines to help his electoral chances & set the stage to privatize the postal service
Im a very visual person, and watching videos like this with relatable video clips helps tremendously in keeping my attention and retaining information. Keep it up
I have a kid with someone that works for Shopify and I’ve gone through this dropshipping thing for going on 4 years and I still see no point to it as the person you’re buying from sell the same item themselves on Amazon with all the benefits and nothing for you unless you convince someone to not look for their price on a item 🤷🏻♂️
As an update on dropshipping I heard that Amazon's new policies make dropshipping with them impossible. So dropshipping, at least with Amazon, is in fact 100 percent dead as of 2021. Anyone still trying to sell you on Amazon dropshipping in 2021 is a course selling scammer.
I worked for a bricks-and-mortar vacuum cleaner shop in the noughties, we had stock for the shop, but our entire online presence was facilitated by drop shipping from the manufacturers. The margins were tiny so one return wiped out three sales; luckily the product was rock solid so this rarely happened, but I wouldn't try it with anything and everything.
Theres a lot of confusion so I wanna clear some things up. Dropshipping is just a fulfilment method. Theres a lot of different ways you can incorporate it into your business. I sell supplements on eBay for different brands and the supplier offers dropshipping instead of buying in bulk. You have to actually find the product and market the product and run the ads. Your just connecting buyers and suppliers just like any other business. I’ve been doing it for a over a year on eBay and its really profitable and sustainable especially during the pandemic. I use domestic suppliers so 2 day shipping not 3 weeks. You said there’s almost no value. That’s like saying marketing agencies provide no value. You said it’s been around for a few years when its been around for well over a decade. I’m assuming you took a shopify dropshipping course and got no results so your putting down the whole business model when you can do it on eBay, Amazon, Etsy etc. Not hating on you I just think your misinformed.
@@nzmanhdee6246 you can't just say it's oversaturated. Dropshipping is a fulfillment method, why would the fulfilment method affect anything. You could say a specific niche is oversaturated but even that's a stretch since saturation has pros and cons of its own.
Ebay trash i lost money becouse of false complinates and the sellers always wining these disputes i nearly lost my invest of £200 becouse one custumer sayed it dint work even tho is was fully tested.
This is so true! I've attempted to create my own dropship, print-on-demand Shopify store (actually... a couple) for the last 9-10 months and eventually had to drop everything completely for these exact same reasons, and a few more. I even tried to ignore "nay-sayers", like this video for example, but eventually came full circle with the exact same realization. The main conclusion (among many) I kept circling back to time and time again is "value"! And I'm not willing sacrifice to the quality of the product I sell, or the service I offer just to make a quick buck.
"The ad you're about to see is probably about dropshipping"
...yep
Lmao i got one too
same
Took me a minute to realise it wasn’t a joke
Lol me to
No lie I didn't even know it was an ad, I was like "Is this clickbait?, I thought the video said dropshipping is a horrible idea so why is dude trying to convince me to buy a course about drop shipping lol"
The irony of getting a dropshipping ad before this video haha
me too haha
I got 3
Me too
Exactly
All of them were
Problem with the Dropshipping
1) No control of shipping times
2) No control of inventory
3) Generally low profit margins
4) High competition these days
then people realize you can drop ship through amazon directly and get rid of half of those issues
@@одо of course, most people who start dropshipping on eBay and Amazon without a proper plan to address those 4 issues and usually get kicked off the platforms. Either way you still don't have the best prices because the person whom you buy your stuff from has already put their profit. There are some ways around this though.
@@crzune yes I’ve tried it and didn’t work out for me think I picked the wrong products
@@одо You have to find a niche, try looking at TH-cam videos there are people that have grossed from 100k to 1 million. You can also look at sold listings on eBay to see what is good to sell
@@одо drop shopping with Amazon is getting phased out. They’ve made some changes that make it difficult to dropship through them.
I have to come home EVERYDAY & argue with my brother over this shit. He SWEARS that “if we do this dropshipping thing for long enough, we can quit our jobs and hire our mom as an employee.” I’ve tried & tried & tried to tell him that shit like this would have been a good idea in 2011, but Amazon has stepped their game up. If you figure out how to do something better than them, they’ll undercut you. If you figure out how to be nicer, they’ll drop their prices. If you figure out a unique product, they’ll make it for cheaper. Amazon wins. I’m so sick of coming home & having to talk to a brick wall that’s trying to get me to throw my money away with him on a fake business model.
lmao, dropshipping aint a business model... it's a fulfillment process. The business Ins't drop shipping it's an online store selling a product(s). He aint building a dropshipping store, hes building a business, which for now fulfills their products through a manufacturer... maybe quit putting him down and let him understand this. edit: actually nah, scrap that, keep putting him down, because thats what I had to go thru lmao.
@@layeed1234 don’t give up if it didn’t work bro !
@@mylesmurphy5716 nah brother its going well now ahah
@@layeed1234 okay good bro !
@@layeed1234 do i need to put money into drop shipping to start? lmao
When there is a gold rush, sell shovels
good point
Agreed, it's more stable and safe
What about selling the course for gold mining
BrO tHatS deEp. ..
hell yeah
"Why is this ad you're about to se-"
Plays dropshiping ad......
lol
Lol same thing happened to me
Lol same just happened to me
The same happened to me
Same=)))
I got dropshipped once, I was tricked into thinking it was a hand made product. It turned me into a more suspicious buyer and if I find out someone is dropshipping I will never buy anything from them.
good
Half the products on Amazon are dropshipped!
@@rum410 No, don't know why I would when I can just get them from the source cheaper. Not unless I need it really quick.
@@rum410 then they wouldn't be going to Amazon if they were after those things.
@@ZoeAlleyne Can helping with answer? I try that so long for without conclusion is can be the answer.
If you are think that being when can if do that of is where wasn't can be without it. Do when bring is of it can you up is of there? Or can bring when be of that is? ?
Because when they are there is the in of doing with them they are that ones. So if are they that one is you and without then? When do so can if it was there when it will didn't can then how does it went to that before there is on timing inside without them?
Love that I got a drop shipping ad in the middle of this video, where the ad explicitly talked about a point you just debunked seconds before the ad played.
because he can choose where to put the ads
@@JYMAHJAMES If you are think that being when can if do that of is where wasn't can be without it. Do when bring is of it can you up is of there? Or can bring when be of that is? ?
Because when they are there is the in of doing with them they are that ones. So if are they that one is you and without then? When do so can if it was there when it will didn't can then how does it went to that before there is on timing inside without them?
I wondered why "successful" drop shippers were selling courses on Instagram. Thanks for explaining.
Wow never would have thought to see you here! Cheers to India haha!
People who have a business-oriented mindset tend to capitalize on as many things as they could, that's why. They simply want to have multiple sources of income.
Omg pewdiepie!!
@@maha-tg7df nah, cuz dropshipping is all about branding and marketing..... when everyone is selling toothbrushes, whoever can spend the most money on advertising and branding wins.
They were selling "success" lmfao
The fact I got a drop shipping add literally immediately after he says “you might even get a drop shipping ad right now” is something beautiful
It shook me 😶
It’s called targeted ads
I got a drop shipping ad before the video even started
I got it before 😅
It's cause this video is about dropshipping 🙂, on a business channel
“This ad you’re about to see is probably about dropshipping.”
This man is an Oracle
Dropshipping is literally a business that basically works as a sales division to a warehouse manufacturer. And sales is one of the most valuable industries in an economy, basically all things are secondary.
Sales is the secondary non valuable part of any economy.NO the real sector of any economy is manufacturing.
It is literally an artificial business tbh. It creates nothing and just creates inefficiency in the economy.
To the two folks above me who replied:
Next time you want to buy something, try going to a manufacturer and getting your stuff from them. I’m sure you’ll be back to your favorite sales people before you know it.
@@poloska9471 would you rather have an economy of majority sales people or an economy of manufacturers look at the difference between china and US
Sales isn't an industry
“Where does money come from”
The Fed: my printer
Actually money really is created when banks loan it. It has nothing to do with "creating value". I have had plenty of jobs where I worked hard and got fired, and jobs where I sat around doing jack and made money.
Brtttt
New Lamborghini.
Money is created from bitcoin loans
Business as usual for Demoncraps
"Money comes from providing Value"
Stock Traders: I have to disagree.
80% of day traders lose money
Stock traders provide capital, which inherently has value
Depends if you’re talking of a day trader or someone who plays the long game lie warren buffet
Stock traders are useful to give a value to an entity. But they are way overrated
Etienne Lamole Capital is incredibly important
Love that this had one of those "I gotta secret and make tons of money" ads that's probably drop shipping .
Either way, it's so good that they're going to share it with you, and give themselves competition. And spend time letting you know about it, because they're such generous people.
Hey, I know I'm a couple years late, but I've heard it said that Amazon subsidizes their storefront because it actually loses them money. Their real focus is on cloud computing. So pretty much everything you said is accurate. Dropshipping isn't as profitable as one would think, but Amazon is playing the long game, trying to drive its competitors out of business before it starts raising prices to make it a profitable venture.
Or so I've heard it said.
Welcome to capitalism heh
*gets hit with a kevin david shopify ad when opens on incognito mode*
I also got Copyright Kevin ad. Lol
yeah but kevin david quit so that should be a dead give away
The ad your about to see is probably about dropshipping as w-
"HEY GUYS IM GONNA TELL YOU HOW TO EARN 10 000 A MONTH BY DROPSHIPPING ONLY 1 ITEM A DAY"
Up
mine said 12 000 by the end of the week
I tried dropshipping for 2 months and ended up with -300 dollars because of ebays ridiculous selling fees. Thanks for telling the truth about dropshipping in tired of people telling others its a great side hustle. The amount of time and effort isn't even worth it even if you can profit some.
It is a good side hustle
Why would you use ebay tf
Why ebay and why giving up so fast
@@PhilOfficial1 Because ebay is always on the buyers side. I had several items where the buyer said it didn't arrive, they got a full refund, the item the next day or a few days later and ebay says too late this case is already closed. You can be profitable but the amount of work is not worth the little side money you MAY get.
@@ShadraqsVids16 why would you use eBay and not shopify?
"The more value you give the more money you get" yeah that's completely wrong
"Why is this ad you are probably about to -"
*DROPSHIPPING AD NUMBER 3*
Exactly ! Wtf
LMAOOOO
Yeah don't trust people who sell courses.
So I'm not trusting you too
You Legend
yeah its true tho and they all say that its very cheap on amazon but the same object on amazon costs 10 while on aliexpress its like 2 so dropshopping will still continue
Report to maintenance so we can recalibrate your savage meter
Lol
Dude i can give you a good course join me getting milion a day just send me mail
It's been really inspirational and insightful on future business ventures I might want to branch off into
Wow that ad play. Damn you keep delivering every damn time Jake.
two words: Impulse buy.
Exactly
Consumerism.
those two words wipes the guy's whole video, cheers for the work on the video tho!
Impulse buy from a random drop shipping store? Yeah right...
@@TheMonkeyNetwork Yea like everyone knows what a fkn dropshipping store is lmao do you even know how business works lol people just want to buy what they see without thinking about it
"Why is this ad you're about to see probably about dropship--"
- Hello guys....
Me : Holy Shi- 🤯
HAHA i received the same thing!
Same
😕😅😂 got the same thing
I got one a milisecond right after spongebob smiled about it coming!
My mind literally exploded in that moment
I deadass got a drop shipping ad where an influencer was trying to sell his idea
Many people say that it is dead in 2021. The problem is, they can't find the right products which is, in my opinion, the most important thing for this type of business. If you are struggling to find a so-called "winning" product or you don't have much time to and test products, I could recommend some "hunting" servies like wz dropshiipping or some others as well... Feel free to share your suggestions!!
I suggest you go spam somewhere else.
Shitter. Nobodies gonna use your dumb site.
lmao business to sell businesses their products that they're not even selling
I did dropshipping for a couple years. I wasn't "making millions" but I did make a full time income. I would not make make customers wait 3 weeks for their product though. I would usually test a product using a "pre-order" method in which if I got enough traction on a product, I'd order the product in bulk and use a fullfillment center in the US, that way new customers would have sub 5 day shipping times. Unfortunately I have shiny object syndrome, and that's why I eventually quit.
Dropshipping isn't dying as a whole, but dropshipping from China is.
@UCCBLun1xZVdGtWJa9lTP2Aw it's basically the inability to focus on one business or idea/get bored easily. I made a video on my channel called "why many entrepreneurs fail" that goes into detail a little bit.
Damon Neal what he said ^
Damon Neal Whats the logistics behind buying in bulk and then shipping it to a fulfillment center in the us? Do u check the bulk products for any defects before u tell the center to start shipping?
What’s the cost for shipping it from fulfillment centers?
@@BlakeTedKord The dude is trying to sell stuff, just like this channel is. Its all to cast the widest net possible and "catch" as many people as possible for their products.
What's a "full time" income?
Because money doesn't come from providing great value, it comes from having great marketing.
True
shortterm dropshipping works but longterm it bites you back
@@drewdebrocke2656 It depends on how you approach the dropshipping. Mini market/convenience store in an essence is a dropshipping business that exchange the convenience and availability without adding any value to the item itself, which meaning that even without adding value to items, you can still make profit.
Justin above already pointed that marketing is a viable exchange for profit. MLM(not a pyramid one) is an example of exchanging marketing with profit. Marketing items that has no selling power outside of its own region internationally will give you profit.
There is also availability option where you can only get certain item from dropshipper like obtaining branded items with its branded quality but without the logo.
It comes from exploiting the surplus labor value of your workers
@@keihazuki22 Ehh, convenience stores can general buy their stock with bulk or wholesale prices, meaning the cost to the customer remains sane. Dropshippers, on the other hand, literally just place an order and have it shipped to their customer when their customer makes the order, meaning the customer literally could have just bought the same thing for a lower price from the source. The whole point of drop shipping is that you don’t need to hold any stock, meaning you can’t get bulk or wholesale discounts. The only value you’re adding is marketing, but remember that a certain amount of marketing had to be done for you to find it in the first place.
It's so ironic that before this video there was literally an advert supporting drop shipping 😂😭😭
I got a drop shipping ad the second you said it might pop up....amazing video liked and subbed for that
Mate, that ad callout at 7:15 was utter perfection. "Do you want to start a dropshipping business with .... *skip ad*"
So very satisfying to know that dude wasted his money on that ad.
Probably made it back several times over through his course
Only gets charged if you clicked it tho
At a million views on this video, you shouldn't underestimate how manh gullible people are out there
True
He doesn't pay for skipped ads, only if its clicked or you watch it for 30s or something
People say dropshipping is dead for ages. I think it's good because that means less idiots.
Exactly less competition😂
Yeaaaa its amazing😊
You right its a good thing finally
fewer idiots. Not less.
How much are you guys making, would be nice to have your opinion instead of some influencer trying to sell his course, have you had any trouble to start, how was it?
No joke I really got an ad about drop shipping halfway through this video 💀
I was so shook when I got the dropshipping ad I just... watched the full thing in awe.
Literally as soon as you said “you’ll probably an ad about drop shipping” one popped up at that exact moment
😂
I think drop shipping is also a very good way to test an idea or product before investing money into making it a "real" business.
I got a drop shipping ad when you mentioned it. LOL
Ayy who remembers when Soulja Boy tried drop shipping the “Soulja Game”
Yes furry, I do
tried? he did and made millions lol
He didn't try, he succeeded hahaha finessing people that soulja fella
@@wdev9327 didn't he get sued by Nintendo?
Soulja boy invented dropshipping
drop shippers are just advertisers, they move products for businesses in china. They are just a middle man and get paid compensation for the effort. Drop shipping is a impulse sale business. Now Amazon sells from stores, takes time to browse and is just like any other business like ebay etc. Drop shipping will always be around
exactly saying dropshipping provides no value is like saying marketing agencies provide no value. They connect businesses to customers
@@presidenttrump796 true. I was surprised when he said there's no value to it
Also drop-shipping typically focus on a niche. They sometimes include a blog with their site giving their customer more information. Amazon too big for that so they have slightly less care for customers.
1:16 Drop Shipping with aliexpress may die but dropshipping as a whole - Nah!
True. I don't impulse buy a whole lot, but there's a market for it because tons of people do. Think of why they put candy bars by registers at Walmart or lottery tickets right by the checkout in gas stations. It's the same premise, just with an online platform. I don't think that's dead because a lot of people are still as impulsive as they've always been.
Man this customer centric ending hit deep as someone who’s a B2B account exec
Hey Jake. Good video! Here's an alternative viewpoint. Dropshipping, while in most cases is not the greatest long-term business model, it's an EXCELLENT way for beginners to quickly learn a bunch of business/digital marketing skills. Anyone that goes through the process of running a dropshipping business from start to finish has to learn how to:
1. Do market research & competitor analysis
2. Decide on a business name and register a domain
3. How to setup Shopify / email accounts / payment processors / edit themes
4. How to design a logo & edit images / use photoshop / video editing software
5. How to write good website copy, product descriptions, ads and come up with different marketing "angles"
6. Set up social media profiles & run Facebook ads
7. Read data, set up reports, manage cashflow and look at business metrics like COGS, ROAS, ROI etc.
8. Basics of conversion rate optimization
/split testing
9. Source products, deal with suppliers & negotiating
10. Writing job descriptions, interviewing/hiring staff, writing SOP's and training manuals
... and more!
These skills are all invaluable and best of all, transferable to any future ventures/projects!
Just my 2c :)
totally agree, that's why I am getting into it. Looking it as a value and experience provider, rather than quick way to make money
Agreed 100%
truth. I am a graduate of design and advertising stuff but I have learned more than what I've learned from school.
a·ly·gra·phy that’s probably because you didn’t apply what you learnt into the real world. real life experience is worth more than studying that something
Bro this aint 2 cents. You gave more content than what "Dropship gurus" sell for $100 lol
It is only dead if you treat it as a "get rich quick"scheme, but if you treat it as a business, that is whole different game.
MarcosArg right any logical person knows to have multiple streams of income. Nothing wrong with an extra income for a profit income. it’s about what you do with your earnings not how long it takes you to get it.
It's true the only wrong thing in those online classes are the expensive houses with the get rich quick but even amazon wasn't made in one day you still have to put the work in if you want it to work
It's not dead...it's horrible. Because you're selling shit products that take forever to deliver. IF they deliver at all.
People are not stupid they know where to find exactly that product for way much cheaper
@@ahmedmani1051 People are not stupid?😆 Are you stupid?
Love your channel man! Smart, well produced, entertaining and educational. Keep doing what you’re doing gangster
I have never found a single thing i searched for on amazon, i still have no idea how that happened.
The ad u abt to see is probably abt dropshipping as well
"All these gurus, youtubers and experts out there....."
Ah shit here we go again
That adds so annoying, he got sued for something aswell
Dropshipping is only dead if you look at it like a get quick rich scheme which they don’t exist. If you put in the time and work it takes you can have a successful dropshipping store
This is, however, a relatively risky niche that comes with small margins and with great effort
It's not terrible, but also no great
@@zacharypeterson4178 wth are you talking about lol it's a business not a niche and it's not risky
@@v3ike Not risky in a traditional sense but if you rely on it like, as stated above, a "get rich quick" scheme, you're gonna be dissappointed
@@zacharypeterson4178 if you look at any business model with that mindset then you will lose money. I've been dropshipping for a year and it is my only source of income. You can be very profitable with it if you put the time and effort in.
@@v3ike It looks like we agree with one another. Provided one puts in sufficient time and effort into dropshipping, it becomes quite a great industry to be in.
I think your views on this topic kinda run against the whole idea of capitalism. The idea is to generate as much profit as possible as efficiently as possible, not offer value strictly speaking. Of course it is assumed the free market would weed out lesser competitors but the success of an enterprise isn't really directly linked to value (real or perceived) nowadays imo
yes! i was following him up until the part where he said that amazon provides low prices and fast shipping because they care about their customers. like lol no they care about their customers’ wallets
Dude, that clip of that classic guy talking about his Lamborghini got me!
Dropshipping is all about brand building going into the 2020’s.
Exactly
literally, everyone is saying that every year since like 2016 lol
Good luck wasting time on building a brand when you haven't even hit more than 10k in revenue.
Davi Areias bro it’s the opposite way around, build your brand and brand awareness which will eventually lead to revenue.
"Build your brand" is what every bullshit financial guru says on youtube
Says he doesnt like selling courses
*sells course in description*
They’re all the same
@@zeapic8500 eh, when he says "I dont say CHECK IT OUT, ITS IN THE DESCRIPTION"... it takes 10 IQ to realise what hes doing... though I admit it was kinda funny
@@zeapic8500 ok, fair
He didn't say he didn't like selling courses.
Get rich easy courses sell false promises. That is difficult
I am hooked with your videos! Always good insights and very good flow. Never gets boring or too technical for Teck dummies like me! Keep it up awesome job
Excellent video Jake. Important that you made it. Entrepreneurship is great, but it’s hard, so you need a passion and a focus on actually delivering value to the customer as you said.
There IS easy money and there is LOTS of money, but you can’t have both. Pick one. You can’t get lots of money easily.
Dropshipping single products is dead. Building a brand and general dropshipping isn't
How the fuck im making 5figures with single products ?
@@korasavage3650 because of impulse buyers, simple as that. As long as those are still arpund you got that bag secured
@Omer Seth he's selling counterfeit goods from aliexpress
Can somebody help me I drop ship but I ran into a problem because PayPal put a hold on the money so I can’t make a order and they only release it when they receive it but I can’t let em receive it because I’m droppshipping hellppp
@@ocbackup6830 Hahaha that’s what happens when you decide to be a drop shipper. Get caught up when merchants snuff you out.
"i wont have a course at the end, so that's why i put it in the middle"
7:14 fucking hell jake that was smooth ad transition perfectly synced nice ad placement😂😂
Was considering doing this as a job when I worked/lived in UK since it was an alternative and had a Warehouse job where I was the team leader in charge of FBA's (Forward by Amazon) so was making sure I delivered the corect quantity and quality products. Thanks for the heads up!
Drop shipping is dead buy my courses on how to get a job in the description... I dont know man, why should i trust what you say ?
facts
You don't
It's obvious, people want less competition. Think for yourself.
K A exactly
@@KA-vs7nl No lol
Thank you for making it so there’s less competition
ahahaha
Ayy we need more videos like these lmao
hahahaah shit
hahaaahhaa
Exactly 😁😁😁
This is probably the 12 of these videos I watched in a row… you have provided a valuable product, quickly streamed to my phone, for free. New subscriber unlocked.
Bruh the scene from the hurt locker you used lmao
"In fact the add you're about to get is probably about drop-"
Me: *gets dropshipping ad*
Renni it happen to me as well 😂
lmao
And me too
Yeah me too
When any given industry experience a rise in "how to" videos and online gurus the industry is saturated and selling a course is more profitable than the actual business - In short, you're fighting the odds and won't make money, because you're too late.
Well said, imo
Yep. Looking at you, NFT
@@lil_jong-un6668 um… NFT’s aren’t like a specific business. The reason why people are making videos on it instead of trying to make money on it themselves is because they don’t actually understand it. And the average person should not be “investing” in NFT’s to begin with.
Humbling and educating 👌🏽 love your channel
That was the best ad placement I’ve ever seen
I'd like to take a moment to appreciate exactly how insane the Amazon logistics network is. I'm not big on the whole "capitalism" thing, but the ability to ship something from one side of the planet to the other in 24 hours is _damned_ impressive.
amazon doesnt do that.
they don’t do that but their fast delivery would be cool if they weren’t putting their delivery workers into huge stress for minimum wage lol
I think the airplane should get most of the credit for that and a lot of what's left would go to U.S.P.S who actually finalizes delivery, provides the tracking, offers the package insurance &, is somehow able to do all that with a MASSIVE forced 75 year pension prepayment requirement & had to deal with Trump taking away mail sorting machines to help his electoral chances & set the stage to privatize the postal service
No. It doesn't get to the customer on other side of the planet the next day but within the US it does, which is impressive, yes.
"no I promise I won't sell you a course at the end"
Jake, you're straight meming here.
So funny that these same drop shipping businesses hide under a "small-business" guise to excuse their lack of customer service and shipping times
the "the add you are about to see" part slapped my dude
Im a very visual person, and watching videos like this with relatable video clips helps tremendously in keeping my attention and retaining information. Keep it up
“That right there is oxana”
Lol😂
😂😂😂
I have a kid with someone that works for Shopify and I’ve gone through this dropshipping thing for going on 4 years and I still see no point to it as the person you’re buying from sell the same item themselves on Amazon with all the benefits and nothing for you unless you convince someone to not look for their price on a item 🤷🏻♂️
When you get a wix dropshipping ad before the video.
As an update on dropshipping I heard that Amazon's new policies make dropshipping with them impossible. So dropshipping, at least with Amazon, is in fact 100 percent dead as of 2021. Anyone still trying to sell you on Amazon dropshipping in 2021 is a course selling scammer.
What’s their policy?
That is 100% bullshit lmao
Dont know bout amazon dropshipping but Amazon FBA is still good right?
That “ad you’re about to see” worked perfectly lol
This was actually super helpful! Thank you for this video!
it makes it even better to see ads for dropshipping courses on this video
when clicking in this video, i got an ad from wix that started with the line "hello dropshippers"
"I reply to every single comment on my videos"... success is a beast that makes liars of us all.
Dude your comment is old as hell, you have to comment when the video goes up you tard
amazon "we are cheap" everyone outside the us "HELL NAW I AINT PAYING $60 SHIPPING"
Yes. I was suprised when Ebay showed me 376$ shipping fee.
It sucks so much when you don’t have eBay / Amazon in your country, shipping prices are just insane
@@user-hs2hd7wp9g lol Amazon and Walmart supposed to come in my country this year, but they are nowhere to be found.
@@user-hs2hd7wp9g I wanted to order a cheap old Dell Optiplex PC. The shipping fee was $374.
Stopping being a europoor lol duh
Gotta appreciate how every ad on this video was from a drop shipping place.
I know, right? That is funny
You’ve really refined your video processes. Great job Jake !
At the end of the day, money is nothing more than a byproduct of value creation
I worked for a bricks-and-mortar vacuum cleaner shop in the noughties, we had stock for the shop, but our entire online presence was facilitated by drop shipping from the manufacturers. The margins were tiny so one return wiped out three sales; luckily the product was rock solid so this rarely happened, but I wouldn't try it with anything and everything.
i always think why would someone order from less known shady website instead of amazon 🤔 also when paying more
Enjoying the heavy always sunny clips
*Dropships through Amazon* Jake: "Wait, that's illegal"
Holy crap, the midroll ad was a drop shipping guru and it had me rolling
Lol the ad in the middle when he said probably about dropshipping and it was 😂
omg when you said "why is this ad youre about to see" .. a dropshipping ad actually came up..
Theres a lot of confusion so I wanna clear some things up.
Dropshipping is just a fulfilment method. Theres a lot of different ways you can incorporate it into your business. I sell supplements on eBay for different brands and the supplier offers dropshipping instead of buying in bulk.
You have to actually find the product and market the product and run the ads. Your just connecting buyers and suppliers just like any other business. I’ve been doing it for a over a year on eBay and its really profitable and sustainable especially during the pandemic.
I use domestic suppliers so 2 day shipping not 3 weeks.
You said there’s almost no value. That’s like saying marketing agencies provide no value. You said it’s been around for a few years when its been around for well over a decade.
I’m assuming you took a shopify dropshipping course and got no results so your putting down the whole business model when you can do it on eBay, Amazon, Etsy etc.
Not hating on you I just think your misinformed.
Markets oversaturated.
Shhhh my guy, don't say it so loud. They might actually come to their senses.
Isha Ashi yes just tell them it’s saturated less completions for us
@@nzmanhdee6246 you can't just say it's oversaturated. Dropshipping is a fulfillment method, why would the fulfilment method affect anything. You could say a specific niche is oversaturated but even that's a stretch since saturation has pros and cons of its own.
Ebay trash i lost money becouse of false complinates and the sellers always wining these disputes i nearly lost my invest of £200 becouse one custumer sayed it dint work even tho is was fully tested.
This was more enlightening than I expected it to be. Thanks Jake
I love your videos keep up the amazing work ❤️
You're channel is fire dude.
Give this guy an award 🥇. He’s the real deal.
This is so true! I've attempted to create my own dropship, print-on-demand Shopify store (actually... a couple) for the last 9-10 months and eventually had to drop everything completely for these exact same reasons, and a few more. I even tried to ignore "nay-sayers", like this video for example, but eventually came full circle with the exact same realization. The main conclusion (among many) I kept circling back to time and time again is "value"! And I'm not willing sacrifice to the quality of the product I sell, or the service I offer just to make a quick buck.
Between these and fake government loans. I’m not sure what commercials I hat more. Great video.
The ad placement 😂