• Setup your own dropshipping store with Shopify HERE: https://goo.gl/1CuQmC (2-week free trial)
I'll be explaining 7 AliExpress dropshipping mistakes that I made in my first attempt at drop shipping, across 7 daily videos.
I chose a AliExpress dropshipping product with a retail price that was too low. I had previously explained that a dropshipping product should be selling on your store at between $50-$200. I chose a product that I would sell at $14.99. This price was far too low and significantly reduced my potential total profit amount.
The low profit amount also meant that any marketing costs that I spent to drive potential customers to my AliExpress dropshipping store had a significant impact on my final overall profits, and almost made the costs of marketing not worthwhile.
All 7 Mistakes I Made With AliExpress Dropshipping: https://www.youtube.com/playlist?list=PLXE2mk0omPu5W6hzKBilrkBFcQwB54LeZ
How To Choose A Profitable Dropshipping Product: https://www.youtube.com/watch?v=OBHf0aq7X_A
How To Increase Dropshipping Sales: https://www.youtube.com/watch?v=aPqxvWPgACg
My First Week Of Dropshipping: https://www.youtube.com/watch?v=ZEBfrQiHNi8
Remember to SUBSCRIBE to the channel for updates on my online business projects, so that you can to learn from my attempts at success :)
Hi! Love your vids- very helpful so far. Thanks! I've almost finished creating my first shopify yoga clothing store. And am wondering if you could help me with some slightly off topic questions I have from this video...
So I am from the UK and will be soon setting up a UK business bank card and get a UK business mailing address. But my store is aiming to mainly sell in the USA with free shipping (I also have the option for customers to have worldwide shipping for a cost)
My question to you is - Is it necessary for me to register my online store as a business in the UK? Even though I will be selling to the US and other countries. And are there any important legalities to be aware of? Thank you!!
Sophie Reece hi Sophie. That’s a tough one. You definitely need to be registered in the UK. There may be sales tax that you need to give to the us for selling there. I really don’t know the details though sorry
I think one of the disadvantages of AliExpress dropshipping is that you’re reselling products available on AliExpress for 200+ % higher. A lot of buyers don’t know this, but some do. So, they’ll buy on AliExpress instead.
Even the ones who don’t know that you’re reselling AliExpress products will find the exact same product on another site for $50 less. Then, it becomes a case of price wars.
I’m my opinion, dropshipping is a good place to start with your business. But, if you want to turn it into a multi-million dollar brand (I mean, $25m+/year), then you’ll need to buy your own warehouse and source unique products instead.
This is just superb, been searching for "companies that dropship products" for a while now, and I think this has helped. Have you ever come across - Gonrooklyn Dropshipping Fraternity - (just google it ) ? Ive heard some pretty good things about it and my buddy got amazing success with it.
I'm 17, been selling stuff online since I was 14/15. Never had any guidance from someone in my life. I just researched and researched, made 1k reselling used stuff. Now I want to make a new business, and honestly if these were your findings then I'm sorry. What you said in this video was obvious
good point but most of the golden products are the ones below 50 , those that can pop up any second to thousands of orders , a matter of fact every pricing strategy has its own advantages and disadvantages
Do you think I should dropship 100$ products? They cost me about 20-50$ and I would sell them for an average of 99.99$. What do you think? And also, shoud I dropship those products or buy them myself and ship them away? I would not make huge amounts of sales in the first few weeks and with an average profit of 50-100$ I would be instantly able to ship more products to my home and ship them on my own to my customers.
It's been about a month since I started my own DS business and I realized from my own price testing experience is that people tend to purchase when prices are between $40 - $70. Any less, and we're seeing less profit, any more and the item becomes too expensive and people don't purchase as well. Also, I found what works is placing two similar items next to each other with one bring cheaper but within that target range. Sales seem to go up because of that.
Great Video!, I just started a DS site but I find it hard in my mind atleast, havent attempted BUT if items are priced $50-$200 some people Might not pay this and will look for a "brand" that is equal that they trust, no.?
Great, informative video man - thanks for sharing your experience. Right off the bat, I'm wondering if customers are more apt to doing price research on a product that they're about to purchase for $50+. If so, that could hurt if a dropshipping store is still a bit over-priced. Have you experienced that being the case at all, or have you found that sales still come with no problem, as long as you spend $XX.xx on advertising?
Sure is. With the t shirts atm I'm looking at a 5 - 10 dollar porosity margin, which is obviously very small. We'll have to see what comes from it.
I think I'm only going to incest the profit margin of 1 the shirt in Facebook ads a week. So $5 a week let's say and then be really selective with the geographical location to try and maximise results.
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