I hope you dont get a burnout working that much.
The poker part I wont even comment because its just SO stupid in your financial state.
That is indeed a better way and is also more long term - the method that I briefly described was just for some quick funds to tide over immediate expenses. If you import from China(but why only China?) you need to carry out a detailed analysis of your samples as well as know everything about your supplier. I was just reading Flyleaf's thread and he is right when he says that the best dropshippers my not even realize that they are dropshipping i.e. companies that advertise themselves as dropshippers take huge margins and already know about online ecommerce entrepreneurs and may not be ready to sacrifice their margins for your profits.
But if you do locate manufacturers who have the ability to dispatch items that are ordered and follow the "dropshipping process" for you then you have winners who will help you scale up in the long run, once you have tested out your process and started making profits. I was reading somewhere about 2 dropshippers who make at least 1 trip in a year to China to survey the market and tie up deals for dropshipping products in their niches.
We did a test run by ordering items from China about 2 months ago. 1/3 of the stuff we ordered was slightly acceptable. The rest was just junk that went straight to the garbage. There really is SO many suppliers out there... I think the only way to go is to do private label and just take your time with your supplier. I realized there is simply no way to rush things with them.
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Access Restricted: Unlock 1,000,000+ Posts
Stop Peeking Through the Keyhole.
Open the Door.
You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.
- Active Daily: Life-changing content posted dozens of times every day. No dead threads.
- MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
- Vetted Network: Connect with founders scaling to 7 and 8 figures.
- Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."— User Richard Peck
"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?
