AMA - $500k+/mo Dropshipper With Rebills

[David4431]

Hi @eTox thanks for sharing your experience building a dropshipping business - I think this is very kind and helpful of you! For context, I run an ecommerce business and order inventory from suppliers so my business model is different from yours.

My question for you is in regards to what you do for marketing / what your marketing strategy looks like. You mentioned that you only do TikTok but plan on getting back on Facebook. Can you expand a little more on this? For example, for TikTok are you just producing / posting content yourself or are you mostly reaching out to TikTok influencers and paying them (or giving them free product) to produce content? If you do pay them, what does this look like?

Also, what about landing pages? Is this a big part of what you do? If so, any tips here?

Lastly, at some point you may want to consider ordering some inventory (your highest volume products) and having a 3PL fulfill it for you. Just run the numbers to see if it's cheaper to fulfill this way (vs having the product be sent from China) and also consider the faster fulfillment time as well. Shipping containers are currently very cheap so this is a good time to take advantage of this if this is something you are interested in. The process of getting set up / working with a 3PL is fairly simple so if you need any tips on doing this, just let me know.

Thanks again for being so generous with sharing your experience and knowledge!

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[whiz]

Because you guys all think in black and white and you don't even realize that it's your fault.

Cmon man - you made an AMA - an Ask Me Anything

The guy asks a question and then you dodge it then immediately accuse others (you guys all) of some type of inferior thought process

I don't think it was an inappropriate question in the slightest. We're talking about a business here. Margins are of concern.

It would be like automobile engineers speaking and someone goes "how fast can the car go" and another engineer taking offense to it

I am personally interested in your margins as well. So that makes 2-3 of us now

1. What are your margins
2. What are you doing here with the AMA? What's your goal?

 

[Simon Angel]

Cmon man - you made an AMA - an Ask Me Anything

The guy asks a question and then you dodge it then immediately accuse others (you guys all) of some type of inferior thought process

I don't think it was an inappropriate question in the slightest. We're talking about a business here. Margins are of concern.

It would be like automobile engineers speaking and someone goes "how fast can the car go" and another engineer taking offense to it

I am personally interested in your margins as well. So that makes 2-3 of us now

1. What are your margins
2. What are you doing here with the AMA? What's your goal?

1. Read his firsts couple of posts. He isn't profitable.
2. He came to help people build a high-revenue unprofitable business. Or rather, to soak up some sweet and juicy validation.

When I asked him about Q4, he went on a freaking rampage. Apparently, every brand that's scaling in Q4 and doing BFCM deals is wrong and conventional and thinking in black and white.

But the problem here is that HE isn't thinking at all.

The fact that he literally can't afford to run a BFCM event without his business collapsing should tell you everything you need to know.

@eTox Forget about the millions you FEEL like you're making and go create a brand that does 10-20K/mo with 50% margins. You'll have an asset instead of a liability.

 

[Simon Angel]

OR are you getting your ad accounts banned at this time of the year?

If it's the latter, I can help you with that.

If you're doing over a mil a month consistently, that's all figured out. It's just a given.

I'll tell you more, we're not even running Facebook that much at all.

It's not a given if you have access to a Facebook/TikTok reps that can supply you with a whitelisted account and high-priority status.

And if you weren't such a bitter keyboard warrior I would have referred you to them.

You act based on what you assume and that kills 99% of you. Instead, you should be asking deeper, more thoughtful questions with your assumptions and hypothesis laid out to provoke a meaningful discussion to question your own beliefs and assumptions.

I don't need the answers. I don't need to sell courses. I'm all good. I'm just having fun.

But I will not answer lazy questions. That's just outright disrespectful.

Imagine perceiving someone trying to HELP you and potentially being the key to you turning a profit as disrespectful. I think it's time you start questioning YOUR beliefs and assumptions.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[tcat2]

No question @eTox just dropping by to say a massive congrats! Remember when you bought our sales funnel course a few years back and you started at 0, and look at you now.

Nice to see the f+s model we've been teaching inside coming in useful to you and being at the heart of the biz as well, with subscription on the backend. You're actually probably our 4th million dollar + student that I know of!

That’s just awesome!

For everyone else who may be wonder, the sales funnel course is this one: MARKETPLACE - How To Create A 100K-1M+ Sales Funnel

However, the bad news I guess is that we've taken it off the market, so it's not possible to purchase anymore.

@BlackDragon - where can I find more info on the F+S model ?

i actually found this form and post searching in the wild for membership ideas like this .. I just do not know what the template or flow looks like? Can I pay someone or buy that old course.. thanks I read PM's too

 

[tcat2]

I share the model in this course:
MARKETPLACE - How To Create A 100K-1M+ Sales Funnel

The course is no longer publically available atm and I don’t have the files on me.

But if you’re interested I can find that old course on my Mac at my office and let you buy at the previous price which was $349.

If you’re interested please send me a DM and I’ll search for all the files, put them together, and give you a link to pay + access them.

Thanks for the fast response, Dragon - can you PM me ?? I cannot seem to PM you ( possibly new account and needs approval or something to send PM's )

nonetheless PM me I am interested ! cheers ( btw I emailed you at hello@tanda.d**** too )

 

[tcat2]

>>The rebills are an access to a restricted membership which has f+s offers for high perceived low cogs products. The uptake rate is surprisingly very low.

Can you expand on this part ? whats the membership site look like?? anyone?

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[Nez24]

Has TFLF changed or am I really not interesting to anyone? haha

I guess I didn't brag enough about myself and not trying to sell any snake oil here.

Well, we're on track to do 1m in revenue this month, so w.e. If you guys don't have any questions then that's fine with me I wish I had all the answer back then. Would have moved so much faster.

Either way, if anyone stumbles on this thread. Feel free to ask.

I do suggest joining the INSIDERS and reading through the gold that's available there.

Most of what all new guys are missing is simply the right mindset. The rest is not even interesting since it's just a matter of time until you figure it out assuming enough action is taken.

So are you saying find someone on the inside to help find a winning product?

 

[BizyDad]

1. Read his firsts couple of posts. He isn't profitable.
2. He came to help people build a high-revenue unprofitable business. Or rather, to soak up some sweet and juicy validation.

When I asked him about Q4, he went on a freaking rampage. Apparently, every brand that's scaling in Q4 and doing BFCM deals is wrong and conventional and thinking in black and white.

But the problem here is that HE isn't thinking at all.

The fact that he literally can't afford to run a BFCM event without his business collapsing should tell you everything you need to know.

@eTox Forget about the millions you FEEL like you're making and go create a brand that does 10-20K/mo with 50% margins. You'll have an asset instead of a liability.

FWIW I don't think this is a fair assessment of what he's doing.

Notice how fast is sales volume is growing. Every 3 months he's adding 500k in sales?

What if he's not profitable because he simply is reinvesting every penny he has into buying more product?

You would have this guy turn around and make five to 10k a month.

When at the pace he's going, he'll be sitting on a 50 million a year revenue business, paying for employees, and stacking piles of cash every month.

How is your way better? The asset you would have him build is not even valued at one month his cash flow?

Side note, I also reduce my ad spend at the same time everyone else is raising theirs.

 

[Simon Angel]

@BizyDad Be honest, did you read through the whole thread?

Notice how fast is sales volume is growing. Every 3 months he's adding 500k in sales?

Is he though?

What if he's not profitable because he simply is reinvesting every penny he has into buying more product?

What ifs on an AMA thread, lol. Normally, on an AMA thread, you'd ask about this kind of stuff and get a reply. Instead, we got a dude bragging about his revenue and being hostile to anyone who doesn't praise him.

You would have this guy turn around and make five to 10k a month.

My stance has changed on this and building a long-term asset after having clients do 7 figures a month at breakeven—but with me building up their email and SMS lists, they've now amassed a huge, engaged audience of repeat customers.

But dropshipping stores don't usually have that going for them. I have a friend who was making $1M+/mo dropshipping and his email list, although quite sizeable, was by far the worst I'd ever had the displeasure of working with. It was literally worthless.

It's worth noting that his store was a clusterfuck of random "winning" products, though, so a one-product dropshipping store can work.

But in OP's case, I doubt he's selling just one product. Because why would you even dropship when you're pushing a huge volume of a certain product rather than brand it and be in control of your own inventory?

When at the pace he's going, he'll be sitting on a 50 million a year revenue business, paying for employees, and stacking piles of cash every month.

Seems like a reach to me, especially for a dropshipping store.

Regardless, the guy only had to reply like a decent human being—or at the very least fulfill the "AMA" part of his thread—and I would've helped him SOLVE one of the biggest issues he has as a dropshipping store owner – advertising sustainably on Facebook.

I work closely with two major agencies in the space and neither of them rely on TikTok as the primary traffic source for their clients. Why? Because despite everything, Facebook is still the most scalable option.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.