$28,000+ in sales with a brand new store

With some of the huge markups I've seen some dropshippers using...this will affect mainly the greedy. My markups are about the same as normal retail, so if I increased it slightly, my prices would still be competitive and I'll maintain my current profits. My advice? Don't be greedy. Be realistic. :)
 
Just wanting to share an update

Its almost confirmed now that the shipping method epacket will be discontinued in USA or the prices will increase.
https://www.theatlantic.com/amp/article/573337

This move by US will surely going to effect dropshipping businesses targeting USA.
Don't worry @kingpin a genius like you, will always find a way to make money

- Create more value for the customer
- Increase prices
- etc.

Between wolves we understand each other. Ahahah
 
On the bright side, all the vain greedy operators who try to finance lifestyles involving BMWs, silk suits and luxury apartments etc in order to boost their importance in society will lose customers, and down to Earth "Zen like" me will have less competition. lol :)

1540869690960.png
 
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kingpin

Well-Known Member
Two things one can do here when epacket will become obsolete.

1. Buy in bulk from Alibaba and ship it to any fulfilment centre or FBA and process orders accordingly

2. Target worldwide. There are many other economies to target, why just limiting to US.
My primary audiences are from Australia, UK and Canada now.

Aliexpress products are getting saturated more and more day by day. That's why we are slowly and effectively moving and focusing on Print on demand products.

These days if you wana win BURN MORE EARN MORE
 
hi mates
Instead of sending the PDF and to add more value I'm about to send a video explaining everything with details.


Uploading video right now. I will PM the link within couple of hours


Regards!
Dear, if you can share link / pdf with me then please inbox me. I will be very thankful to you.
 
1. Buy in bulk from Alibaba and ship it to any fulfilment centre or FBA and process orders accordingly
That would require building out a fulfilment strategy for all the previous aliexpress products.
It would also cost more then just sticking with the slightly increased prices on products with free epacket shipping. You'd have to pay more for shipping, unless you charged for shipping or shipped locally. Waste of time and a huge hassle. It's also not "dropshipping". You may as well just give up the dropshipping model and become a normal importing retailer. Something I plan to do in the future. But for present day dropshippers, it's not feasible ... or even really necessary.

Due to the crazily high markups most dropshippers use, absorbing the slightly increased prices is no problem.

I think people are worrying far too much and being panic merchants. LOL :)
 
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Two things one can do here when epacket will become obsolete.

1. Buy in bulk from Alibaba and ship it to any fulfilment centre or FBA and process orders accordingly

2. Target worldwide. There are many other economies to target, why just limiting to US.
My primary audiences are from Australia, UK and Canada now.

Aliexpress products are getting saturated more and more day by day. That's why we are slowly and effectively moving and focusing on Print on demand products.

These days if you wana win BURN MORE EARN MORE
Disagree on buying in bulk. Dead stocks are high probability.
 
Disagree on buying in bulk. Dead stocks are high probability.
Waste of time and a huge hassle. It's also not "dropshipping".
I've recently learned of an exception. When you have some products that are consistent good sellers. You can end up with more profit even after paying for shipping yourself, provided you were only shipping locally. Shipping internationally, you'd have to charge, like I said above. You can have a mix of dropshipped products and products you buy in bulk from Alibaba.

This guy has an interesting story regarding it ...


Actually most of this guys videos are pretty good. Straight to the point. Honest and no bullshit. Also a lot of common sense and practical advice. No click baiting claims of huge profits to sell crap courses and other dodgy things.

:)
 
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Right. They keyword is "consistent good sellers" which hopefully is not a seasonal item. I've had imports from China on electronic gadget accessories - which end up being dead stocks as my selling speed couldn't catch up with new trends/styles on technological items.

I've recently learned of an exception. When you have some products that are consistent good sellers. You can end up with more profit even after paying for shipping yourself, provided you were only shipping locally. Shipping internationally, you'd have to charge, like I said above. You can have a mix of dropshipped products and products you buy in bulk from Alibaba.

This guy has an interesting story regarding it ...


Actually most of this guys videos are pretty good. Straight to the point. Honest and no bullshit. Also a lot of common sense and practical advice. No click baiting claims of huge profits to sell crap courses and other dodgy things.

:)
 

kingpin

Well-Known Member
Hey mates
Its been quite a while i didn't participate on the forum or posted any update or new things we are doing in-house to scale our businesses.

After Christmas i will post an update about how we are able to scale our business from one store to 59 now.
We are more into POD and Private Label products and got aliexpress dropshiping products also.

The post will surely going to help you. Stay tuned


Merry Christmas to you all. Happy holidays

Regards!
 
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