E-commerce

[MJ DeMarco]

English only please.

 

[Knicks]

If you dropship (with Shopify and AliExpress, I guess?) your products, you're not in control of fulfilment. Because of that, you have to make sure your supplier does a good job, which is not that easy to do. However, you still do control your sales and marketing process.

That being said, dropshipping is actually not as great as you might think. The main problem are the shipping times - it can take up to a month to get the product to your customer.

If you're selling random widgets, you can hope for a profit in the ballpark of 10 %. If you're putting a label on your products, you could at least build a brand, which in turn could result in an audience. This would be the way nowadays, since everyone and his dog is selling digitally now.

Don't understand me wrong, you pretty much can become successful at dropshipping, but you have to treat it like a real business. Be prepared for a steep learning curve, since you'll be doing marketing by yourself.

Or did you mean dropshipping domestically?

 

[Aymen]

explain to me what is it?

 

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

[Aymen]

Hi my name is Aymen and I want to get into electronic commerce more specifically in dropshipping, I am currently reading the millionaire highway and mj said that you have to have control over your business and I wanted to ask all e-merchants if i am my dropshipping shop is it a business that i can control myself?

 

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

[Knicks]

explain to me what is it?

Don't want to be rude but just do a quick search on YouTube or Google. In fact, you probably should do some extended research this weekend first and get back here with some specific questions.

Plenty information out there. You've got to put in the work by yourself, otherwise you're doomed to fail.