It's not a scam as long as the product description is accurate and you receive the item. This is how most bussiness models work, buy cheap, and mark up. The difference is no inventory and online shopping
Hate that it’s still considered a scam and really scummy to do but honestly it’s no different than what Jeff Bezos was doing when he started AMAZON. He was getting book orders and going and getting the book as cheap as possible from another bookstore/thrift store/department store/box store etc and sending it out. The difference from Bezos then and people doing drop shipping now is everything is done online, you don’t even have to go to a retailer or wholesaler you just click the left mouse button a few times on the computer and you have ordered the product directly to the person.
this comment lmao ✨✨. im done I cant get rid of them ads lmao for literally months now and im just sick of "hey how much money did you make" its so annoying
Another charlatan trying to sell you a get-rich promise, otherwise they wouldn't want to create more competitions to steal a piece of their financial income pie.
Basically, everybody should just REPORT/FORWARD their video ad to the IRS to ensure they pay their fair-share of taxes since they're bragging how much money they're making. If the IRS sees they're not paying that amount for tax day, then those folks are lying about their income then will be reported to the SEC/FTC for scam. A DOUBLE WHAMMY POISON for these scammers.
*Yup, they say it's another revenue stream which is good business, but they make the vast majority of their money from their courses lmao, most ecom guys are frauds*
Can I be completely honest with you? The ones who really know what they're doing are actually making millions and too busy to be making videos selling courses. Those who know nothing are the ones selling courses.
@@haroldrandall Ya gotta get started on your own. My biggest piece of advice, gotta have a good budget. It's gonna take time to learn it. And time is money. You gotta spend money to learn it, so save up and if you can have at least a semi good paying job while you're learning. And never give up.
It's a great business model for people who don't want to full-out create a branded business from scratch, but the problem is, consumers have greater trust in brands with rich stories and products actually under a branded name. Dropshipping axes this part out, making a website like one of those mom-n-pop shops that sells randomly-branded items.
Exactly.. I did this on amazon for apple laptops literally in 2011, i made 2200 a month one time. You cant do it, amazon ruins all better price shops. These cnbc people are so behind the times, hah.
@@frankythomas1032 he has bogus claims on websites like debutify claiming “$10M in revenue”, his teachings are absolute trash, the stores he speaks of him doing are only doing $1k/day if that. I’ve been doing ecommerce for 7 years building real fully custom brands(not white labeled from China) and also done dropshipping, so it’s easy to spot a fraud. If he makes good money in ecommerce, then he wouldn’t have the time to spend as much as he does selling courses. Feel free to believe me or not, but that’s up to you who you chose to get your information/education from. Him being on this video is just to give off the persona like he’s doing something. Just don’t buy his course, they’re all recycled BS that’s already free on the internet. Nick Peroni, on the other hand is an honest and real figure you should follow.
So don't buy from the little guy whose trying to make profit? Buy from your corporate overlords. You act like these companies don't buy from China. People saying, "oh it's a scam because we can buy it cheaper" Not realizing this is how most businesses make money, they buy from a supplier then they sell a product at a higher price. The only difference it the bigger businesses either a) buy out their supplier or b) are so big they can negotiate with a supplier to get even cheaper then a small business can. Droppshipping is not a scam, but sites that seem legit may be scammers keep that in mind and please excuse any grammar errors thank you.
I use simple technique. If you see some interesting product in Instagram or Facebook ad then just note it down and then go to aliexpress and search that product, believe me you will get the same product in atleast three times lesser price.
But the product will arrive in 60days+ when you order it directly at AliExpress. There are some dropshippers like us who are taking this as a serious business model. Who are partnering directly to a faster logistics company and buy our inventory and store it at the partnered logistics warehouses. And has people who undergoes quality assurance to all products before sending it to customers. Who can provide customers with 15 business days or less delivery times to USA and Au.
"Touch of Modern" is a prominent example of this, being nothing more than an email list sent out to its subscribers, selling products for far more than it actually is.
Like the overpriced, ripped-off "RIDGE WALLET" that TH-camrs push at you as their SPONSORS, that are nothing more than white-label of the same products you can find elsewhere.
"Indestructible Shoes" was/is a popular example who did/does this by trying to make their drop-shipped products coming off like an actual custom brand, but it wasn't being something of a drop-shipped white-label being FAR EXPENSIVE with WEAK CUSTOMER SUPPORT who have not knowledge of their products.
Touch of Modern is up front with their business practice, they let you know that they bulk buy items then ship them out. Some of these stores don’t let you know anything.
It may seem stupid, but Used item is very easy to search in social platform, they know where we live too so it's easy to match product at where we live. If the account is really old, then the seller is probably can be trusted. Its easy to sell something at social platform as a seller too because social site already know all of your data, no need to fill any more unnecessary data like where you sell.
older people using these platforms get tricked as well as they dont understand & dont have a keen eye to distinguish a sketchy website that looks legitimate versus a real legitimate website like younger people who grew up while the internet was becoming more dominant..so we can sniff out a sketchy site alot easier
@@JDMKEV Yah, right. Old people are buying leggings and burrito blankets on Instagram. I sure hope you hide your bigotry better when it isn't directed at age.
One of the problem is, that people are blaming China for this, but honestly: It doesnt matter if it comes from China, Philipines, Germany or your Backyard, Scammers gonna Scam and will find new Ways to trick you. Ban scamming and not China (at least not for this reason)
This has already been happening in China for a few years now. It's a big business in China where people stream on Tik Tok trying to sell products via drop shipping.
It's been happening everywhere for a while, it's just due to the pandemic dropshipping entered the mainstream as ecommerce took a piece of the traditional retail pie and lots of young people (some of whom lost their jobs due to covid) thought it would be a nice way of trying to make some money.
@@justplayingbusiness8114 Yet, everybody knows about it now, thus, this scammy dropshipping model will die, like learning that smoking cigarette kills. People will go straight to the source (for their drugs) for cheaper price, and drop-shipper will have to compete with their sources.
I did this in 2009 in America.. it is NOT new. Kids think these lame apps are always new and iphone made up stuff, no. You are kids using old tech methods used for years. CNBC is clueless on this report, its very old, people have done in on craigslist for 10 years!
Also i used to be a droppshipper for Apple laptops on amazon, and amazon literally held my funds and cut my shop because I was beating amazon. Literally a fact, and I did that in 2011. I just made a call and amazon took 20 percent of my 50 bucks I made doing 1 phone call. Now you cannot do that, or i would not be telling you how. ha.
I started doing it in 2017, there was no tiktok then. I made a good amount of money and invested that in screen printers and embroidery machines. Now I have a small print shop and I am soon going to launch a fashion line.
To anybody who's reading this, I pray that whatever is hurting you or whatever you are constantly stressing about gets better. May the dark thoughts, the overthinking, and the doubt exit your mind. May clarity replace confusion. May peace and calmness fill your life. ❤
Nowadays, people find the solution for reaching what day need. And drop-shipping is one of the most suitable methods of receiving goods from anywhere around the world. Drop-shipping help so much but sometimes it has some disadvantages, so people should check the information of the product carefully before buying.
I'm a dropshipper. I will be honest with you. It's not an outright scam, but it certainly wouldn't pass US product standards if it were regulated. Basically you're just getting Chinese products, some of them are good, most of them bad, and there are the few that are downright ugly. The "Legitimate" ones are in the same boat. People who fall in to these are impulse buyers. They see an ad, they buy. The usual "victims" here are usually also the same kind of people that are "victims" of credit card debt. What else can I say but there is a market for this. People seemingly just want to be misled so to speak. Other "legit" industries do it all the time. We're not as bad as the worst though. At least we're not pharmaceuticals selling people false ailments and unnecessary cures.
I certainly agree with you. I wanted to watch this video to see what all the commotion about dropshipping was all about. I agree that it's not necessarily a scam, not necessarily a ruse, but there does seem to be a form of "underhanded-ness" abou it that even the honest, legitimate ones fall prey to. I won't knock these people's hustle, but it's definitely heavy on the "hustle" aspect. Would I give it a try? I'm still not sure....It feels like although this is supposed to be a passive method of income, the best results seem to come from having a team that is cracking away at it like a full-time job. And either you have all that in the beginning or you eventually make your way up to getting that. But again, it seems to find its way back to being a full-time job again.
The drop shipping model will continue growing, as Chinese manufacturers have huge advantages than American manufacturers. And TikTok will bring online shopping to next level.
@@AbdulDobreia I don't buy a lot of stuff that takes 2 months to arrive from China that the seller hasn't even seen or knows anything about its quality.
Another thing to be incredibly wary of is to never use a debit card when purchasing from social media. Always use a credit card so that you maintain chargeback rights and maximum consumer protections. Equally important, if your card is authorized outside of the US from a company that looks and acts like it is in the US, do not authorize it and abandon your cart. Also remember that unless expressly stated that you agree to finalize payment prior to the item being shipped, the merchant cannot settle your transaction unless they intend to ship the product within 48 hours. For example, if a product you intend to purchase is bespoke, then the merchant will often place a message asking you to agree to finalize the payment prior to shipping due to the custom nature of the product.
Amazon is the WORST for these drop-shipping opportunists jacking up the price of products NOT "Sold By" Amazon and even from brick and mortar. This is a vulnerability in bring down Amazon, when people start realizing Amazon isn't the cheapest place to buy stuff with these leeches coming on reselling products they bought elsewhere.
Amazon doesn’t need to be cheapest till the last cent. Its strength is delivery and reliability. And if it comes to that, we can see price war which only amazon could survive.
E-commerce was supposed to cut out the middle man and give producers direct access to consumers. As we can see, e-commerce has only grown the power of the middle man and multiplied their numbers.
Not every factory has the resource to do advertising and marketing and retails. Those are completely different skills from their daily work. Those small to mid size factory owners would rather just deal with manufacturing than selling online. I would say most of them will fail if they try to sell their products online by themselves. The dropshipping model exists for a reason. It's a win-win situation for the retailers and factories. The better outcome is that smaller dropshippers grow to become a big brand then they have more power to negotiate price and quality with factories and then they can provide better customer service and shorter shipping time.
to be honest, dropshipping is basically a business. people make it look like it's get-rich-quick scheme but you're literally doing the same thing as other businesses do. you're just not seeing, packaging, and shipping the actual product.
main problem: US made product just so expensive and user just care about price/quality. not like a USA made yoga pants for 80 dollar while you can find one at the same quality for 12 dollar. if iphone was made in USA it will clost like $ 2000
@@mentos93 If you actually wanted to support the city you live in, you would buy stuff Made in America. When you buy cheap Chinese knockoffs through a middleman it literally defeats the entire purpose (getting things ridiculously cheap and just waiting a month). If the goal is to improve the city you live in, you wouldn't be buying anything from abroad & likely not even getting things shipped to support local business.
Drop shippers make marketing. While it is cheaper to buy products directly from manufacturer in China, Chinese manufacturers lack expertise and/or finances to create a good marketing campaign. So even if they create a good product, most people might not notice it.
AliExpress is NOT popularly well-known, even though it is the direct-to-consumer part of the direct-to-business Alibaba. Once it is, it will be death of the drop-shipping scam model, and maybe even Amazon being far cheaper price for goods than Amazon too. Good riddance.
The problem with drop shipping is it provides zero value to customers. All that is happening is a person is buying marked up Chinese garbage for double to triple the price of what they could buy it for on AliExpress, for garbage shipping times, garbage packaging, garbage customer service probably, and there's always a pretty decent chance you won't even get your product. Dropshipping should be considered a scam in most cases.
The purpose of dropshipping is to educate the market, guide customers to use the product, let customers know the effects and value of the product and most of all CUSTOMER EXPERIENCE The pinnacle of Dropshipping is being a brand that makes up a community of them
Tonnes of retailers buy from China and markup the prices exponentially, that's basic business, you buy low and sell high. This sounds like most retailers, so I don't really see that as a valid argument. The only conundrum I see with dropshipping is not being able to investigate the quality of the products yourself.
I recently ordered a "3rd printed" carpet. The design was very unique in the sense, it had all the greatest race tracks on it. I got to the order site via FB. After I ordered, I couldn't get a tracking number nor could I find a expected shipping and arrival date. Then scarily, I saw the same product appear on other FB pages and similar websites. I thought I was being scammed. Finally my product did arrive, and funny thing was the merchant didn't send me the tracking number till I had already recieved the product. NOW, I see what happened... dropshipping. I'm super lucky that the product was exactly as described, but I did feel scared.
In my experience on dropship, you better outsource products from US with better quality and speed delivery instead of aliexpress stuff. and payment gateway can become headache if you use paypal they can hold your money for 180 days for non sense reason, last but not least is build a strong and long term trust with customer if you want to stay longer in this business. Commitment is the main key in this business.
Aliexpress isn't the seller / manufacturer. They are just like ebay. You don't buy products from Aliexpress, but from sellers on Aliexpress. Their main job is to negotiate refunds between you and the seller if something goes wrong. The whole point in shopping on Aliexpress is to buy products for cheap prices. Better service and quality control would mean, that the product prices would rise and some sellers would migrate to other Chinese platforms like BangGood or Gearbest. And since these products would cost more on Aliexpress, dropshippers would buy them on these other platforms.
Buy local support your own community. Buying from ali means more money for the chinese goverment wich they use to build more concentrationcamps for uyghurs.
Sales people have one of the hardest jobs in the world to do ,they deal with rejection on a daily basis. Making a sale comes down to powering through call call email after email and no after no. is there anyone who disagrees with this?
Then just REPORT/FORWARD their video ad to the IRS to ensure they pay their fair-share of taxes since they're bragging how much money they're making. If the IRS sees they're not paying that amount for tax day, then those folks are lying about their income then will be reported to the SEC/FTC for scam. A DOUBLE WHAMMY POISON for these scammers.
@@inconvenientexistenlism And that's none of your business what other people pay in taxes. The IRS would know if you and your business filed and paid taxes or not.
The issues also are, some of the things they sell are possibly illegal in the country sold, the burito blanket can include dangerous chemicals. I would be careful.
Buy with a credit card, if it’s not legit you reverse the charge through the credit card. The company will get a fee for the reversal and they won’t last long.
My life got much more better when I started stock and crypt trade. I’ve Been following crypto for a while now and I’m looking for when to shoot my shot until I came across Mr. Eric. I will remain thankful and keep spreading your good tactics of making profit all over the world.
Some Kickstarter items also fit this description of "buy cheap from AliExpress, add huge markup and marketing, profit". Recently bought a Hyperdrive 6in1 hub, paying almost 3x more than a generic hub which looked exactly the same, thinking the extra money and "designed in USA" tag would mean better components. Nope! Overheats and terrible hiss in audio. I normally buy these electronics directly from AliExpress but the stupid politics in my country have made it harder for me to get more value for my money (shipping restrictions for Chinese products) and easier for unscrupulous sellers to make a quick buck.
So, the takeaway here is to look for the product you're interested in on Aliexpress or Banggood and buy there to cut out the dropshipper middleman and save a bunch of money. Got it.
Don't stop buying just because of that. There are people that offer their genuine products on Instagram. Myself included, I sell some of my photo prints there, photos taken by me, not crap brought from China.
I'm all in for small business and independent livelihoods, however there's a difference between providing value to community and being a middle man for blind consumerism. Market middle men have been increasingly taking advantage of artists, musicians, farmers, and many more for decades now. The suicide rate in these groups are among the highest. I'm pretty damn sure that adding a huge wave of middle men to the market is only going to make everything more difficult for true small businesses and make online purchasing even more opaque.
I saw an add for some cute clothing on Facebook from a supposed small business in South Carolina. The website was horrible, I should have known better. I eventually got the dresses but they were not made of jersey knit as advertised, it was some cheap polyester. The shipping label was from New York with an Asian name on it. The tag in the dress was "made with love" with no brand. I kept the dresses but will probably only wear them once or twice before trashing them.
I’ve always wanted to get into this but I don’t see how some random website can make millions. I’m not saying it’s impossible but I personally wouldn’t buy something from a random website with a long shipping time.
When utilized properly, dropshipping is an excellent way to build a business rather than save for years to buy inventory for your own. It's a time saver and much less risky overall.
It's crazy that people THINK that dropshipping is ONLY about selling low quality products with terribly slow shipping times, and that we're all a bunch of scammers lmao. Just goes to show how close minded people really are....
Bro just pay sum chick with 1 mil followers to advertise a necklace and you’ll see it’s not a scam and you can damn near print money from personal ig influencers
I don’t see anything wrong with this as long as the business is transparent and responsible. What’s the difference if someone stores their products in a warehouse in the us( which is VERY EXPENSIVE) or overseas? Everything comes from China anyway!!
I paid $30 for some hats I found on IG. They seemed like a legit business but they never got delivered. I also wasn't given a tracking number. After looking up the company on Google, I found their Facebook page, and low and behold, there were reviews from people like me saying they never received their package. Not saying they're all bad but there are companies out there that will take your money you'll never hear back from.
You call checking photos of the product online "a quality control" if I told my boss that I'll do that, I would get fired. You ain't controlling anything when the product isn't with you.
You know that the real customers on Aliexpress post reviews on Aliexpress along with pictures? That's one good way to see if the quality of the product and shipping times is consistent. But whatever, you're clearly deeply entrenched in this and know what you're talking about...
I've been into dropshipping for over eight years, but I've never seen a less stressful way to make money online than investing in the forex market with the help of a seasoned broker 😊
You should be asking yourself: "why should i pay money to someone who never assessed first hand and ensured the product they are supposedly advertising for selling, haven't touched or viewed the products themselves before giving the go- ahead for it to pass as selling-condition" ?
5:17, talking about China but with an incorrect Chinese map? What's with the dent at the left corner? Where's Taiwan? A website this big needs to be responsible.
It seems like you don’t understand business. How is this any different from what Amazon, Wal Mart, ect? They all buy cheap Chinese goods and mark up the price.
......They have already conquered us, colonized, enslaved, invaded, displaced, they screwed us up so much that even my fear was also stolen from me The problem is not me, you or him
Few succeed, cost of ads kee rising... Definitely not long term business, once you make good profit create exit plan to do something more bigger and meaningful, like building brands etc
The Irony here and CNBC totally missed that, is that Ali-Express is mostly comprised out of drop-shippers sourcing from Chinese factories. Basically dropshippers just use a gap of knowledge or access. I don't speak chinese, and don't know their market and couldn't browse and search their internet-sphere even if I wanted to. I can only use google. However many people can't even use google effectively. That is why they rely on Shopify shops.
It is a hype. You find a niche product, you will find million competitors already selling it for a fraction of your cost. Then there are direct chinese sellers, who can easily beat your price due to different economic and currency dynamics. Moreover, why would a savvy customer but from your shopify store when he can find the item on AliE or AliB himself for a fraction of the price
So only buy directly from the manufacturers amazon page, amazon themselves, walmart themselves, and other etailers sites. Also I thought best buy canada was the only one that did the marketplace?
"Indestructible Shoes" was/is a popular example who did/does this by trying to make their drop-shipped products coming off like an actual custom brand, but it wasn't being something of a drop-shipped white-label being FAR EXPENSIVE with WEAK CUSTOMER SUPPORT who have not knowledge of their products.
If a company like Facebook, Google, Shopify, Woocommerce, Payment Provider, Tiktok, doesn't support dropshippers, of course they will easily get rid of it. But they also benefit greatly from the advertising run by dropshippers. imho.
That's what I'm wondering...because although you might get the product weeks later, maybe months, and you don't like it, maybe at least you paid $6 for it, not $26.
Not a fan of the function of sales-people, their sole purpose is to try to sell you something you don't need. Although regular marketing is similarly bad, drop shipping also seems to separate consumers from where the product comes from even more than usual. Yes it is "legitimate" to the extent that it's not against the law, but it doesn't seem like it benefits the consumer at all.
I'm a bit confused. Does the seller manually enter the customer's address and order the exact same product, or is it set up as automatically buying from the original manufacturer/ cheaper seller's website? Is it automated? Answer to my own question: It's not automated. You also have to make a website like "Snugito Buritto Blanket" or "San Francisco Kitchen Store" and upload the same picture, or make your own, of the product and pretend that YOU are the ORIGINAL manufacturer of the product. It's a secret and no one ever displays the link to the real supplier.
My portfolio is always growing. "Be fearless when others are scared," Warren Buffet famously stated. Long-term investments should be made, and patience is a virtue Because the stock market ALWAYS rebounds.
Thats why im not buying into this even if it makes money. I know what its like buying from a random seller and waiting 6 months for my item to mysteriously arrive. Its a bad feeling and it kinda feels illegal. It feels like cheating honestly
It's not a scam as long as the product description is accurate and you receive the item. This is how most bussiness models work, buy cheap, and mark up. The difference is no inventory and online shopping
agree with your definition on dropshipping
Yep
Hate that it’s still considered a scam and really scummy to do but honestly it’s no different than what Jeff Bezos was doing when he started AMAZON. He was getting book orders and going and getting the book as cheap as possible from another bookstore/thrift store/department store/box store etc and sending it out. The difference from Bezos then and people doing drop shipping now is everything is done online, you don’t even have to go to a retailer or wholesaler you just click the left mouse button a few times on the computer and you have ordered the product directly to the person.
The irony, a drop shipper's ad started at the beginning of the video.
this comment lmao ✨✨. im done I cant get rid of them ads lmao for literally months now and im just sick of "hey how much money did you make" its so annoying
Same I got it too, I'm like wtf, everything is just an ad, you can't even know what is content anymore
Another charlatan trying to sell you a get-rich promise, otherwise they wouldn't want to create more competitions to steal a piece of their financial income pie.
Basically, everybody should just REPORT/FORWARD their video ad to the IRS to ensure they pay their fair-share of taxes since they're bragging how much money they're making. If the IRS sees they're not paying that amount for tax day, then those folks are lying about their income then will be reported to the SEC/FTC for scam. A DOUBLE WHAMMY POISON for these scammers.
@@inconvenientexistenlism EXACTLY!!!
After 2+ year of listening to her narration, I can finally see whose voice I been learning stuff from...Thanks for enjoyable narration
Where was her name?
@@Kas_Styles +1
@@Kas_Styles it was 2:10
We need to know the guy that usually does the cars and food companies one
Hmmm
I've been saying this for years. Don't buy crap from Instagram guys 🙄 especially those "going out of business" sales.
No no. You looking at it all wrong. Just don't buy crap from China. Most of the stuff are throw-away items anyway.
@@laurensa.1803 Sure, but it's really, really tough to avoid that since most stuff that you can turn for a profit comes from China.
No, just know who you are buying from. just because stuff comes from china doesn't mean its crap. Everything comes from China
@@jacobsmith4695 I agree. Just need to be extra vigilant, which most (not all) people aren't when scrolling IG.
@@jacobsmith4695 totally agree lf that's the case then don't buy apple product they also design in California and assemble and manufacture in china
It's very few dropshippers out there that are actually successful
I'm a successful drop shipper
Well you found all the successful ones 😂😂
That’s every business model. The hardest workers make it.
@@SpudRud I know it’s like saying there are very few Fortnite gamers that make a lot of money. It’s like duh it takes skill
so you know all the dropshippers who have ever done this in every country ? Idiot lol
If these dropshipping guys are making so much money, why do they need to sell courses teaching others their secrets.
Dude I just got a dropshipping ad as I was reading your comment...
*Yup, they say it's another revenue stream which is good business, but they make the vast majority of their money from their courses lmao, most ecom guys are frauds*
So they can have multiple streams of income?
Can I be completely honest with you? The ones who really know what they're doing are actually making millions and too busy to be making videos selling courses. Those who know nothing are the ones selling courses.
The ones selling courses couldn't make money actually dropshipping so they teach
As a dropshipper, this was an honest piece.
Can you please help me get started in dropshipping
@@haroldrandall Ya gotta get started on your own. My biggest piece of advice, gotta have a good budget. It's gonna take time to learn it. And time is money. You gotta spend money to learn it, so save up and if you can have at least a semi good paying job while you're learning. And never give up.
@@talyahr3302 a very honest advice
@@thepersonbehindelonmusksuc1634 then how am i making money from it
Ya ya now gurus came 😂😂
It's a great business model for people who don't want to full-out create a branded business from scratch, but the problem is, consumers have greater trust in brands with rich stories and products actually under a branded name. Dropshipping axes this part out, making a website like one of those mom-n-pop shops that sells randomly-branded items.
Lol reporting on dropshipping 4 years after its popular. Congrats
Exactly.. I did this on amazon for apple laptops literally in 2011, i made 2200 a month one time. You cant do it, amazon ruins all better price shops. These cnbc people are so behind the times, hah.
Dropshipping has been going on for a while now. Big box retailers use that model as well.
yup, and Kamil Sattar is a fraud. Guy is smoke and mirrors
@@ericeg6272 Why do you think he’s fraud?
@@frankythomas1032 he has bogus claims on websites like debutify claiming “$10M in revenue”, his teachings are absolute trash, the stores he speaks of him doing are only doing $1k/day if that. I’ve been doing ecommerce for 7 years building real fully custom brands(not white labeled from China) and also done dropshipping, so it’s easy to spot a fraud. If he makes good money in ecommerce, then he wouldn’t have the time to spend as much as he does selling courses. Feel free to believe me or not, but that’s up to you who you chose to get your information/education from. Him being on this video is just to give off the persona like he’s doing something. Just don’t buy his course, they’re all recycled BS that’s already free on the internet. Nick Peroni, on the other hand is an honest and real figure you should follow.
So don't buy from the little guy whose trying to make profit? Buy from your corporate overlords. You act like these companies don't buy from China. People saying, "oh it's a scam because we can buy it cheaper" Not realizing this is how most businesses make money, they buy from a supplier then they sell a product at a higher price. The only difference it the bigger businesses either a) buy out their supplier or b) are so big they can negotiate with a supplier to get even cheaper then a small business can. Droppshipping is not a scam, but sites that seem legit may be scammers keep that in mind and please excuse any grammar errors thank you.
Exactly
Dont let that belief make you think that the "little guy" isn't some scammer
They probably did know that but just cut it out for simplicity sake
Finally a news channel started talking about it.
I use simple technique.
If you see some interesting product in Instagram or Facebook ad then just note it down and then go to aliexpress and search that product, believe me you will get the same product in atleast three times lesser price.
Exactly!
Or ebay. Ebay has always been the best for low prices and local shipping. I always get my items under a few days
@@rudysalas9138 There are lots of drop shippers on ebay too. Ad there's even videos on YT on how to drop ship on Ebay.
But the product will arrive in 60days+ when you order it directly at AliExpress.
There are some dropshippers like us who are taking this as a serious business model. Who are partnering directly to a faster logistics company and buy our inventory and store it at the partnered logistics warehouses. And has people who undergoes quality assurance to all products before sending it to customers. Who can provide customers with 15 business days or less delivery times to USA and Au.
I'm glad I speak fluent Chinese it's made business with them so much better.
"Touch of Modern" is a prominent example of this, being nothing more than an email list sent out to its subscribers, selling products for far more than it actually is.
You mean like every other business out there. Businesses are not non profit.
Like the overpriced, ripped-off "RIDGE WALLET" that TH-camrs push at you as their SPONSORS, that are nothing more than white-label of the same products you can find elsewhere.
"Indestructible Shoes" was/is a popular example who did/does this by trying to make their drop-shipped products coming off like an actual custom brand, but it wasn't being something of a drop-shipped white-label being FAR EXPENSIVE with WEAK CUSTOMER SUPPORT who have not knowledge of their products.
Touch of Modern is up front with their business practice, they let you know that they bulk buy items then ship them out. Some of these stores don’t let you know anything.
@@inconvenientexistenlism You could say the same for Gucci and Other big brands at that point too.
Why would anyone buy anything off Instagram or any other social platform for that matter? It seems so stupid to me
It may seem stupid, but Used item is very easy to search in social platform, they know where we live too so it's easy to match product at where we live. If the account is really old, then the seller is probably can be trusted. Its easy to sell something at social platform as a seller too because social site already know all of your data, no need to fill any more unnecessary data like where you sell.
That’s because it is stupid. People are willing to pay for marked up products
older people using these platforms get tricked as well as they dont understand & dont have a keen eye to distinguish a sketchy website that looks legitimate versus a real legitimate website like younger people who grew up while the internet was becoming more dominant..so we can sniff out a sketchy site alot easier
It’s all garbage. Anything advertised on social media is usually junk.
@@JDMKEV Yah, right. Old people are buying leggings and burrito blankets on Instagram.
I sure hope you hide your bigotry better when it isn't directed at age.
One of the problem is, that people are blaming China for this, but honestly:
It doesnt matter if it comes from China, Philipines, Germany or your Backyard, Scammers gonna Scam and will find new Ways to trick you.
Ban scamming and not China (at least not for this reason)
Shopify is the most Valuable company in Canada, beating out the big 6 banks, which themselves are some of the largest banks in the world.
and what are we supposed to do with this information exactly?
This has already been happening in China for a few years now. It's a big business in China where people stream on Tik Tok trying to sell products via drop shipping.
It's been happening everywhere for a while, it's just due to the pandemic dropshipping entered the mainstream as ecommerce took a piece of the traditional retail pie and lots of young people (some of whom lost their jobs due to covid) thought it would be a nice way of trying to make some money.
@@justplayingbusiness8114 Yet, everybody knows about it now, thus, this scammy dropshipping model will die, like learning that smoking cigarette kills. People will go straight to the source (for their drugs) for cheaper price, and drop-shipper will have to compete with their sources.
I did this in 2009 in America.. it is NOT new. Kids think these lame apps are always new and iphone made up stuff, no. You are kids using old tech methods used for years. CNBC is clueless on this report, its very old, people have done in on craigslist for 10 years!
Also i used to be a droppshipper for Apple laptops on amazon, and amazon literally held my funds and cut my shop because I was beating amazon. Literally a fact, and I did that in 2011. I just made a call and amazon took 20 percent of my 50 bucks I made doing 1 phone call. Now you cannot do that, or i would not be telling you how. ha.
I started doing it in 2017, there was no tiktok then. I made a good amount of money and invested that in screen printers and embroidery machines. Now I have a small print shop and I am soon going to launch a fashion line.
To anybody who's reading this, I pray that whatever is hurting you or whatever you are constantly stressing about gets better. May the dark thoughts, the overthinking, and the doubt exit your mind. May clarity replace confusion. May peace and calmness fill your life. ❤
Nowadays, people find the solution for reaching what day need. And drop-shipping is one of the most suitable methods of receiving goods from anywhere around the world. Drop-shipping help so much but sometimes it has some disadvantages, so people should check the information of the product carefully before buying.
I'm a dropshipper. I will be honest with you. It's not an outright scam, but it certainly wouldn't pass US product standards if it were regulated. Basically you're just getting Chinese products, some of them are good, most of them bad, and there are the few that are downright ugly. The "Legitimate" ones are in the same boat.
People who fall in to these are impulse buyers. They see an ad, they buy. The usual "victims" here are usually also the same kind of people that are "victims" of credit card debt.
What else can I say but there is a market for this. People seemingly just want to be misled so to speak. Other "legit" industries do it all the time. We're not as bad as the worst though. At least we're not pharmaceuticals selling people false ailments and unnecessary cures.
Are u mad? Then what about amazon sellers? 99% of them source product from alibaba too🤷♂️
I certainly agree with you. I wanted to watch this video to see what all the commotion about dropshipping was all about. I agree that it's not necessarily a scam, not necessarily a ruse, but there does seem to be a form of "underhanded-ness" abou it that even the honest, legitimate ones fall prey to.
I won't knock these people's hustle, but it's definitely heavy on the "hustle" aspect. Would I give it a try? I'm still not sure....It feels like although this is supposed to be a passive method of income, the best results seem to come from having a team that is cracking away at it like a full-time job. And either you have all that in the beginning or you eventually make your way up to getting that. But again, it seems to find its way back to being a full-time job again.
Which explains why that ugly, unnecessary burrito blanket is "viral", people wouldn't look for something like that on purpose.
Drop shippers definitely know their target audience, just got an ad
The drop shipping model will continue growing, as Chinese manufacturers have huge advantages than American manufacturers. And TikTok will bring online shopping to next level.
lmao this aged well, tiktok is the #1 way to advertise for ecom rn
Bro called it
Dropshipping takes a lot of work. It ain't easy money that's for sure.
it's still fraud.
@@alexm566 totally disagree there lots of business out there who does business on shopify with 100% genuinely like gymshark etc
@@alexm566 how is it fraud ?
@@alexm566 if dropshipping is fraud then everything you buy is fraud
@@AbdulDobreia I don't buy a lot of stuff that takes 2 months to arrive from China that the seller hasn't even seen or knows anything about its quality.
Another thing to be incredibly wary of is to never use a debit card when purchasing from social media. Always use a credit card so that you maintain chargeback rights and maximum consumer protections. Equally important, if your card is authorized outside of the US from a company that looks and acts like it is in the US, do not authorize it and abandon your cart. Also remember that unless expressly stated that you agree to finalize payment prior to the item being shipped, the merchant cannot settle your transaction unless they intend to ship the product within 48 hours. For example, if a product you intend to purchase is bespoke, then the merchant will often place a message asking you to agree to finalize the payment prior to shipping due to the custom nature of the product.
You still have chargeback rights with a debit card.
What are you smoking?
@@HaggisMuncher-69-420 They are gang gang and gang. You won't get it.
Amazon is the WORST for these drop-shipping opportunists jacking up the price of products NOT "Sold By" Amazon and even from brick and mortar. This is a vulnerability in bring down Amazon, when people start realizing Amazon isn't the cheapest place to buy stuff with these leeches coming on reselling products they bought elsewhere.
Amazon doesn’t need to be cheapest till the last cent. Its strength is delivery and reliability. And if it comes to that, we can see price war which only amazon could survive.
Amazon is amazing.
E-commerce was supposed to cut out the middle man and give producers direct access to consumers. As we can see, e-commerce has only grown the power of the middle man and multiplied their numbers.
Not every factory has the resource to do advertising and marketing and retails. Those are completely different skills from their daily work. Those small to mid size factory owners would rather just deal with manufacturing than selling online. I would say most of them will fail if they try to sell their products online by themselves. The dropshipping model exists for a reason. It's a win-win situation for the retailers and factories. The better outcome is that smaller dropshippers grow to become a big brand then they have more power to negotiate price and quality with factories and then they can provide better customer service and shorter shipping time.
I’m a millennial and I never buy anything from social media so I’m not sure how any of these people are going to sell to me
Remember to always buy products from brand, even it’s micro brands or big brands
While watching this it really reminded me of the famous Fyre festival.
U get the stuff but not what U expected.
@Cole S it's the same, pay $$$ and get useless junk that goes straight to the trash.
I go to the store and buy what I need. Works like a charm every time. Just sayin`
*Help line for my mentoring courses and also for consultancy*
to be honest, dropshipping is basically a business. people make it look like it's get-rich-quick scheme but you're literally doing the same thing as other businesses do. you're just not seeing, packaging, and shipping the actual product.
main problem: US made product just so expensive and user just care about price/quality. not like a USA made yoga pants for 80 dollar while you can find one at the same quality for 12 dollar. if iphone was made in USA it will clost like $
2000
2000, lol more like 3000+
This is such a wasteful concept. Like how hard is it to just go on aliexpress or dhgate directly?
Why support the CCP? Buy local it may cost a few bucks more but it imrpoves the city you live in.
@@mentos93 it's more than a few bucks. The price could be half. And, your community dont manufacture grass cutter!
@@mentos93 If you actually wanted to support the city you live in, you would buy stuff Made in America. When you buy cheap Chinese knockoffs through a middleman it literally defeats the entire purpose (getting things ridiculously cheap and just waiting a month). If the goal is to improve the city you live in, you wouldn't be buying anything from abroad & likely not even getting things shipped to support local business.
Drop shippers make marketing. While it is cheaper to buy products directly from manufacturer in China, Chinese manufacturers lack expertise and/or finances to create a good marketing campaign. So even if they create a good product, most people might not notice it.
AliExpress is NOT popularly well-known, even though it is the direct-to-consumer part of the direct-to-business Alibaba. Once it is, it will be death of the drop-shipping scam model, and maybe even Amazon being far cheaper price for goods than Amazon too. Good riddance.
The problem with drop shipping is it provides zero value to customers. All that is happening is a person is buying marked up Chinese garbage for double to triple the price of what they could buy it for on AliExpress, for garbage shipping times, garbage packaging, garbage customer service probably, and there's always a pretty decent chance you won't even get your product. Dropshipping should be considered a scam in most cases.
The purpose of dropshipping is to educate the market, guide customers to use the product, let customers know the effects and value of the product and most of all CUSTOMER EXPERIENCE
The pinnacle of Dropshipping is being a brand that makes up a community of them
Tonnes of retailers buy from China and markup the prices exponentially, that's basic business, you buy low and sell high. This sounds like most retailers, so I don't really see that as a valid argument. The only conundrum I see with dropshipping is not being able to investigate the quality of the products yourself.
Shopify isn't just for dropshipping. I use Shopify as a point of sale software for my print shop.
I recently ordered a "3rd printed" carpet. The design was very unique in the sense, it had all the greatest race tracks on it. I got to the order site via FB. After I ordered, I couldn't get a tracking number nor could I find a expected shipping and arrival date. Then scarily, I saw the same product appear on other FB pages and similar websites. I thought I was being scammed. Finally my product did arrive, and funny thing was the merchant didn't send me the tracking number till I had already recieved the product. NOW, I see what happened... dropshipping. I'm super lucky that the product was exactly as described, but I did feel scared.
In my experience on dropship, you better outsource products from US with better quality and speed delivery instead of aliexpress stuff. and payment gateway can become headache if you use paypal they can hold your money for 180 days for non sense reason, last but not least is build a strong and long term trust with customer if you want to stay longer in this business. Commitment is the main key in this business.
it seems aliexpress is the source, why can't aliexpress provide better service of both fulfillment and product quality?
they used to have customer first service. and if you didn't like product, they refund you money and keep product.
Aliexpress itself is a drop shipper
Aliexpress have all that it's just that the drop shippers don't do there job and ad it
Aliexpress isn't the seller / manufacturer. They are just like ebay. You don't buy products from Aliexpress, but from sellers on Aliexpress. Their main job is to negotiate refunds between you and the seller if something goes wrong. The whole point in shopping on Aliexpress is to buy products for cheap prices. Better service and quality control would mean, that the product prices would rise and some sellers would migrate to other Chinese platforms like BangGood or Gearbest. And since these products would cost more on Aliexpress, dropshippers would buy them on these other platforms.
Buy local support your own community. Buying from ali means more money for the chinese goverment wich they use to build more concentrationcamps for uyghurs.
Yeah we knew this. If you buy crap on Instagram you deserve to get crap
Really? I ordered a mattress from Instagram and it’s probably the best purchase I’ve made.
@@estuardo937 what's the brand?
Sales people have one of the hardest jobs in the world to do ,they deal with rejection on a daily basis. Making a sale comes down to powering through call call email after email and no after no. is there anyone who disagrees with this?
I’m legit getting ads from dropping scammers on this video
Then just REPORT/FORWARD their video ad to the IRS to ensure they pay their fair-share of taxes since they're bragging how much money they're making. If the IRS sees they're not paying that amount for tax day, then those folks are lying about their income then will be reported to the SEC/FTC for scam. A DOUBLE WHAMMY POISON for these scammers.
Same!!
@@inconvenientexistenlism Who say they aren't paying taxes?
90+% of them are not scammers.
@@saulgoodman2018 No harm in making sure by letting the IRS know to keep have them on their radar during tax season.
@@inconvenientexistenlism And that's none of your business what other people pay in taxes.
The IRS would know if you and your business filed and paid taxes or not.
The issues also are, some of the things they sell are possibly illegal in the country sold, the burito blanket can include dangerous chemicals. I would be careful.
Buy with a credit card, if it’s not legit you reverse the charge through the credit card. The company will get a fee for the reversal and they won’t last long.
Dropshipping is not a scam. Support small businesses
right, agree with you. DS is just a biz model which helps a lot of dropshippers profitable
Wow, dropshipping just got a lot more interesting. I didn't want to do it back in the day because Amazon was suspending so many people's stores.
@jfagiag faeiea no I am married, sorry.
Bro how can Amazon suspend your Shopify account
@@extendo7137 if you ship from Amazon to customer as a middle man you ll get banned eventually
@@kanirzyv351 oh thanks, that makes sense
Oohhh. So that's why everyone has their own website full of "self-made" products.
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So this is what those marketing majors do after graduation lol
Do you have a problem with that?
Some Kickstarter items also fit this description of "buy cheap from AliExpress, add huge markup and marketing, profit". Recently bought a Hyperdrive 6in1 hub, paying almost 3x more than a generic hub which looked exactly the same, thinking the extra money and "designed in USA" tag would mean better components. Nope! Overheats and terrible hiss in audio.
I normally buy these electronics directly from AliExpress but the stupid politics in my country have made it harder for me to get more value for my money (shipping restrictions for Chinese products) and easier for unscrupulous sellers to make a quick buck.
First time seeing the face of the speaker
the journey of thousands miles begin with a step
So, the takeaway here is to look for the product you're interested in on Aliexpress or Banggood and buy there to cut out the dropshipper middleman and save a bunch of money. Got it.
It's interesting how the manufacturers are not selling to the end customers themselves. And that's where the middleman/salesperson comes in.
I've purchased a couple of items from Instagram and realizing how bad the product is. I will never buy anything from Instagram.
Don't stop buying just because of that. There are people that offer their genuine products on Instagram. Myself included, I sell some of my photo prints there, photos taken by me, not crap brought from China.
I'm all in for small business and independent livelihoods, however there's a difference between providing value to community and being a middle man for blind consumerism. Market middle men have been increasingly taking advantage of artists, musicians, farmers, and many more for decades now. The suicide rate in these groups are among the highest. I'm pretty damn sure that adding a huge wave of middle men to the market is only going to make everything more difficult for true small businesses and make online purchasing even more opaque.
I saw an add for some cute clothing on Facebook from a supposed small business in South Carolina. The website was horrible, I should have known better. I eventually got the dresses but they were not made of jersey knit as advertised, it was some cheap polyester. The shipping label was from New York with an Asian name on it. The tag in the dress was "made with love" with no brand. I kept the dresses but will probably only wear them once or twice before trashing them.
I’ve always wanted to get into this but I don’t see how some random website can make millions. I’m not saying it’s impossible but I personally wouldn’t buy something from a random website with a long shipping time.
When utilized properly, dropshipping is an excellent way to build a business rather than save for years to buy inventory for your own. It's a time saver and much less risky overall.
Proud to be successful drop shipper
hey i have a question about drop shipping, mind if i ask?
I would do this as a side hustle for extra income, being prepared for the next pandemic
I learned my lesson before so I never buy from ads on social media.
Gymshark started as a dropshipping store.
i was looking forward to seeing a video that helps you learn dropshipping
Hello...do you also want to start a dropshipping store?
It's crazy that people THINK that dropshipping is ONLY about selling low quality products with terribly slow shipping times, and that we're all a bunch of scammers lmao.
Just goes to show how close minded people really are....
I don't understand that there are people in this world that don't realise they can buy all of this stuff directly on aliexpress themselves
Yup, I fell for it lol I won’t buy from random sites anymore. My product didn’t even have a tag lol
It's always fun to have my family pitch me on a "new business idea", then to see a video six months later showing how it's a scam.
Like clockwork.
Bro just pay sum chick with 1 mil followers to advertise a necklace and you’ll see it’s not a scam and you can damn near print money from personal ig influencers
I don’t see anything wrong with this as long as the business is transparent and responsible. What’s the difference if someone stores their products in a warehouse in the us( which is VERY EXPENSIVE) or overseas? Everything comes from China anyway!!
Of course, this is how businesses roll.
Buy cheap, sell high.
Katie Schoolov / CNBC, would you buy a house for 1m, and then re-sell it for 500k?
The irony that a drop shipping TH-cam ad popped up as I was watching this video...
Lmao
Bro😍😍
😂
Ahahahaha kekw
😂😂😂
HAHAHAHAH !!!
thats why i love ebay. if you don't like product, item arrives late, etc. sellers refund money and you keep the item.
I paid $30 for some hats I found on IG. They seemed like a legit business but they never got delivered. I also wasn't given a tracking number. After looking up the company on Google, I found their Facebook page, and low and behold, there were reviews from people like me saying they never received their package. Not saying they're all bad but there are companies out there that will take your money you'll never hear back from.
*Help line for my mentoring courses and also for consultancy*
so...why aren't people buying from Ali Express to cut out the middleman instead?
You call checking photos of the product online "a quality control" if I told my boss that I'll do that, I would get fired. You ain't controlling anything when the product isn't with you.
You know that the real customers on Aliexpress post reviews on Aliexpress along with pictures?
That's one good way to see if the quality of the product and shipping times is consistent.
But whatever, you're clearly deeply entrenched in this and know what you're talking about...
Screw that, I’d rather do it on my own. The more successful the profit the more help I will hire “IN HOUSE”
I've been into dropshipping for over eight years, but I've never seen a less stressful way to make money online than investing in the forex market with the help of a seasoned broker 😊
Most people claim forex trading is the most profitable investment online, but I dont really know how to go about this lol.
I wanted to trade forex but got discouraged by the fluctuations in price!
Get an account manager for a start. You can make a lot of money while trying to master the skillset.The best way to go in my opinion.
Hi Yovanna, who do you trade with please? I want to make a lot of money from trading.
Same here lol. Who wouldn't?
I’m going to do what it takes to protect my business names
I have been making some good amount through Dropshipping ♥️
Keep it up...hoping brick and mortar will make a comeback due to this
You should be asking yourself: "why should i pay money to someone who never assessed first hand and ensured the product they are supposedly advertising for selling, haven't touched or viewed the products themselves before giving the go- ahead for it to pass as selling-condition" ?
Posted 1 second ago and no views. I have never been this early. I’ll just wait for a random to say first
lol
You technically said "first" but longer
You should make one of these videos for the wholesale real estate industry. same type of thing
@@meetkelvin4266 lol
5:17, talking about China but with an incorrect Chinese map? What's with the dent at the left corner? Where's Taiwan? A website this big needs to be responsible.
Taiwan is not part of China.
"Sell anything to anyone."
Is that giving the customer what they want and what they need?
Is that a good salesperson?
At 2:50 and 4:34, they both have a cat lounging in the background of the room they're in. What does it mean!?
Imagine starting a business where you provide no value at all . Curious on how these people deal with returns
I give it free if the customer doesn't want her purchase. And refund her.
Gymshark started as a dropshipping store.
It seems like you don’t understand business. How is this any different from what Amazon, Wal Mart, ect? They all buy cheap Chinese goods and mark up the price.
......They have already conquered us, colonized, enslaved, invaded, displaced, they screwed us up so much that even my fear was also stolen from me The problem is not me, you or him
Few succeed, cost of ads kee rising... Definitely not long term business, once you make good profit create exit plan to do something more bigger and meaningful, like building brands etc
This is happening and will happen forever. This isn’t about cheap products only huge companies dropship $5k+ products.
The Irony here and CNBC totally missed that, is that Ali-Express is mostly comprised out of drop-shippers sourcing from Chinese factories. Basically dropshippers just use a gap of knowledge or access. I don't speak chinese, and don't know their market and couldn't browse and search their internet-sphere even if I wanted to. I can only use google. However many people can't even use google effectively. That is why they rely on Shopify shops.
You mean from Alibaba.
It is a hype. You find a niche product, you will find million competitors already selling it for a fraction of your cost. Then there are direct chinese sellers, who can easily beat your price due to different economic and currency dynamics. Moreover, why would a savvy customer but from your shopify store when he can find the item on AliE or AliB himself for a fraction of the price
So only buy directly from the manufacturers amazon page, amazon themselves, walmart themselves, and other etailers sites. Also I thought best buy canada was the only one that did the marketplace?
Only BUY the item if it has that tiny fine-print "SOLD BY AMAZON/WALMART." If it says anything else, "SOLD BY EMARKETSAVIGSSTORE," don't bother.
Walmart in of itself its a wholesale usaexpress
"Indestructible Shoes" was/is a popular example who did/does this by trying to make their drop-shipped products coming off like an actual custom brand, but it wasn't being something of a drop-shipped white-label being FAR EXPENSIVE with WEAK CUSTOMER SUPPORT who have not knowledge of their products.
If a company like Facebook, Google, Shopify, Woocommerce, Payment Provider, Tiktok, doesn't support dropshippers, of course they will easily get rid of it. But they also benefit greatly from the advertising run by dropshippers. imho.
12:45 what does real brands mean, do they put a unique logo onto a product they ordered in?
i always curious why the buyer isnt buying directly from aliexpress or other site themself, and goes through dropshipper ?
That's what I'm wondering...because although you might get the product weeks later, maybe months, and you don't like it, maybe at least you paid $6 for it, not $26.
Not a fan of the function of sales-people, their sole purpose is to try to sell you something you don't need. Although regular marketing is similarly bad, drop shipping also seems to separate consumers from where the product comes from even more than usual. Yes it is "legitimate" to the extent that it's not against the law, but it doesn't seem like it benefits the consumer at all.
I'm a bit confused. Does the seller manually enter the customer's address and order the exact same product, or is it set up as automatically buying from the original manufacturer/ cheaper seller's website? Is it automated?
Answer to my own question: It's not automated.
You also have to make a website like "Snugito Buritto Blanket" or "San Francisco Kitchen Store" and upload the same picture, or make your own, of the product and pretend that YOU are the ORIGINAL manufacturer of the product.
It's a secret and no one ever displays the link to the real supplier.
My portfolio is always growing. "Be fearless when others are scared," Warren Buffet famously stated. Long-term investments should be made, and patience is a virtue Because the stock market ALWAYS rebounds.
I’m really sick of my stocks going down since April 25. Everything I got is at least -60. my portfolio bleeds like hell.
LOL, a Fad? Dropshipping has been around for 15 years. This is Shopify's claim to success since that's where 95% of all Dropshipping sites live
As a person who is using drop shipping to build a brand, it is sad to see people use the business model scam people.
Thats why im not buying into this even if it makes money. I know what its like buying from a random seller and waiting 6 months for my item to mysteriously arrive. Its a bad feeling and it kinda feels illegal. It feels like cheating honestly
Literally had a drop shipping ad right before this video...