Drop shipping, is it a fastlane mode of business?

[Karume]

Hello folks?

I've just heard people becoming millionaires through drop shipping. I don't know about the business. Is it a fastlane mode of business or just like any other MLM stuff?

Thank you.
Karume.

 

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[B. Cole]

Anything can be a fast lane business if you can apply CENTS to it. How well is up to you.

Control - meh.
Entry - meh. Do you have exclusive rights to the product?
Need - Are you solving a problem or filling a high demand?
Time - Eventually, if built right.
Scale - Yes.

In most dropshipping venues, you’re basically running a branding and advertising company. Do you somehow have a higher level of control over your product? How are you not going to be inundated with competition, if anybody can do the same thing you’re doing?

Sounds like you might be going for easy. Also sounds like you haven’t read the books.

 

[Raoul Duke]

So, you have "heard", people doing this, people doing that, etc... etc... etc...

What have you done? Have you searched the forum? Have you read the book?

Here is one link: NOTABLE! - $500,000+ revenue on Shopify!

 

[Ernie McCracken]

Drop shipping is a fulfillment method. What kind of value are you going to bring to potential customers?

 

[Karume]

Anything can be a fast lane business if you can apply CENTS to it. How well is up to you.

Control - meh.
Entry - meh. Do you have exclusive rights to the product?
Need - Are you solving a problem or filling a high demand?
Time - Eventually, if built right.
Scale - Yes.

In most dropshipping venues, you’re basically running a branding and advertising company. Do you somehow have a higher level of control over your product? How are you not going to be inundated with competition, if anybody can do the same thing you’re doing?

Sounds like you might be going for easy. Also sounds like you haven’t read the books.

Thank you so much for your reply. I'm actually reading the book and I'm figuring out what to do...the problem is I have too many things running in my head and I don't know what to take and leave.

 

[Karume]

So, you have "heard", people doing this, people doing that, etc... etc... etc...

What have you done? Have you searched the forum? Have you read the book?

Here is one link: NOTABLE! - $500,000+ revenue on Shopify!

Of course, I'm reading the book...

 

[Karume]

Drop shipping is a fulfillment method. What kind of value are you going to bring to potential customers?

I see...I get your point...