First Business Venture, was a bust but I know what I got myself into!

[RayanMargham]

I decided F*** it and I went ahead and started a dropshipping business not for profit but rather experience. I knew I was throwing money down the drain on this venture but the experience value it provides me is more then enough for me to do it anyway. So here's what I did.

I began searching for products online, I wasn't looking for a problem to solve here and instead sold an oversaturated item like this weird looking dragon lighter thing, which is idiotic mistake #1.

With this item I created a store on Shopify (idiotic mistake #2 by the way as it breaks CONTROL) and spent a 1$ for the full version to start selling, I setup the store and I created an organic TikTok video to advertise the product, it got 10 likes but no further engagement.

So I went ahead and spent 20$ on a TikTok ad to advertise it, The ad was aimed at a really specific group of people that's really controversial (idiot mistake #3 as this was asking to get wiped off the planet by these companies since I broke CONTROL). The ad did okay, it got clicks on the website.



Now here's the big question, did I get any sales? drum roll please........ a big fat NOPE! there were only a handful of people who put the item in their carts and then after looking at the fact that I only supported PayPal (idiotic mistake #4) they all just abandoned purchasing it.



Now what's the purpose of this post you may ask? Well it's to show what NOT to do when starting a business of any kind, The Product didn't solve a problem nor provided any value at all, the market was oversaturated to bits, I broke CONTROL, I aimed to advertise involving a really controversial topic annnnd I only supported PayPal.

I hope this post gives some insight as it gave me, I have no regrets.

 

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[Spenny]

You shouldn't berate yourself though. Well done for trying & not throwing in the towel immediately. Whats the next idea then?

 

[RayanMargham]

To be blunt, Not entirely sure, I'm most likely going to try doing this dropshipping business model again with the things I learned one last time which'll most likely fail but I'm expecting that. Then I'll see from there

 

[Spenny]

I began searching for products online, I wasn't looking for a problem to solve here and instead sold an oversaturated item like this weird looking dragon lighter thing, which is idiotic mistake #1.

Why are you doing this again if you know you're setting yourself up for failure? I'm just confused because you were saying all this stuff about CENTS and you're going back to it?

These are some amazing links to help you get started with an organic idea.

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If you're just starting out, begin to turn on that problem radar. Listen to people complaining, including yourself.

 

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[DCG]

I decided F*** it and I went ahead and started a dropshipping business not for profit but rather experience. I knew I was throwing money down the drain on this venture but the experience value it provides me is more then enough for me to do it anyway. So here's what I did.

I began searching for products online, I wasn't looking for a problem to solve here and instead sold an oversaturated item like this weird looking dragon lighter thing, which is idiotic mistake #1.

With this item I created a store on Shopify (idiotic mistake #2 by the way as it breaks CONTROL) and spent a 1$ for the full version to start selling, I setup the store and I created an organic TikTok video to advertise the product, it got 10 likes but no further engagement.

So I went ahead and spent 20$ on a TikTok ad to advertise it, The ad was aimed at a really specific group of people that's really controversial (idiot mistake #3 as this was asking to get wiped off the planet by these companies since I broke CONTROL). The ad did okay, it got clicks on the website.

View attachment 46049

Now here's the big question, did I get any sales? drum roll please........ a big fat NOPE! there were only a handful of people who put the item in their carts and then after looking at the fact that I only supported PayPal (idiotic mistake #4) they all just abandoned purchasing it.

View attachment 46050

Now what's the purpose of this post you may ask? Well it's to show what NOT to do when starting a business of any kind, The Product didn't solve a problem nor provided any value at all, the market was oversaturated to bits, I broke CONTROL, I aimed to advertise involving a really controversial topic annnnd I only supported PayPal.

I hope this post gives some insight as it gave me, I have no regrets

To be blunt, Not entirely sure, I'm most likely going to try doing this dropshipping business model again with the things I learned one last time which'll most likely fail but I'm expecting that. Then I'll see from there

Just keep trying, all you need is one thing that pops off, thats how you know that you succeded

 

[Fastlane Liam]

Hey pretty much gone through the exact same steps as you. Whats the next idea?

 

[sanas915]

the same situation here, but no regret because i learned a lot of thing, now i will on my radar probelem and try to get solution with a value to people !!!

 

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[terros]

I am from india and i just started the dropshipping business and i watch the lot pf videos on youtube most youtubers trying to sell their courses I havs a dout in this business tbe dropshipping is real or not and chance the real is drop shipping profitable