regalforte
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- Dec 5, 2014
- 17
- 16
So about a year ago on this date, me and a friend opened up a store on shopify, got our EIN numbers, contacted a bunch of suppliers, uploaded a bunch of products to our sites, had programmers optimize conversion rates, listed everything at MAP price, and went crazy with google adwords.
To this day, we've both failed and after uploading over 5000 products to our inventory, we managed to proceed and sell less than 10 items combined with half the items resulting in negative cash flow (due to shipping and discounts). A few months later one of our identity was stolen (one of the suppliers was probably a skunk) and the culprit proceeded to go on a spending spree with my credit card before I caught on and had the fees reversed. Meanwhile advertising fees and shopify fees were piling on. Pretty nice so far.
Yet everyday I hear stories about people who make millions and live 4-hour workweek lifestyles with drop shipping. So I decided to turn to you guys to ask: Have anyone tried drop shipping? I was thinking of giving it another try now that I have the experience of failing and can learn from the mistakes.
Is drop shipping still a good fastlane opportunity? Were we just extremely unlucky or inexperienced? Are those $200 online drop shipping courses a sham? (yep we paid for one)
To this day, we've both failed and after uploading over 5000 products to our inventory, we managed to proceed and sell less than 10 items combined with half the items resulting in negative cash flow (due to shipping and discounts). A few months later one of our identity was stolen (one of the suppliers was probably a skunk) and the culprit proceeded to go on a spending spree with my credit card before I caught on and had the fees reversed. Meanwhile advertising fees and shopify fees were piling on. Pretty nice so far.
Yet everyday I hear stories about people who make millions and live 4-hour workweek lifestyles with drop shipping. So I decided to turn to you guys to ask: Have anyone tried drop shipping? I was thinking of giving it another try now that I have the experience of failing and can learn from the mistakes.
Is drop shipping still a good fastlane opportunity? Were we just extremely unlucky or inexperienced? Are those $200 online drop shipping courses a sham? (yep we paid for one)
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