NordicSomali
VIP
Dropshipping, not a bad businessplan
- Thread starter NordicSomali
- Start date
It has many names. “Arbitrage” “Middleman” you can even call it Import/export when it gets to a certain size and logistics network involved.
But dropshipping sucks as people would like shipping <2 weeks even with Amazon around some might want it even quicker. When your drop shipping from china it’ll take forever. If you take it seriously and spend money buying things in bulk, storing it, buying shipping equipment/material/ printer label, create a website, shopify, etsy, amazon reseller, and you start providing customer service then your running a trade business and only making small fees reselling to stay afloat as anyone can buy direct, your competing with those sellers themselves.
The real business angle is value add. Can you buy bulk/raw goods and process/upsell them? Think buying flour and making sliced bread or buying fabric and making shirts(not graphic tees lol).
The MLM scams however are simply packaged as “working” for your own business or “investing” in yourself. If you buy this product and resell it out of your trunk, or this $99 class on how to trade ForEx you’ll be rich! If I ever found a fool proof way of making money I’d incorporate a LLC for $300, get an EIN from the irs, open a bank account, actually do the fool proof method myself, take some excel spreadsheets, a business plan, and bank statements showing the fool proof method and I’d raise money from banks/investors. Why would I start selling classes on it? Or selling to you at a discount?
TLDR; Buy a $99 Shopify package and resell graphic tees OR buy machines from china, raw goods from the local/regional markets, put raw goods into machines and sell processed goods for more money/more volume.
But dropshipping sucks as people would like shipping <2 weeks even with Amazon around some might want it even quicker. When your drop shipping from china it’ll take forever. If you take it seriously and spend money buying things in bulk, storing it, buying shipping equipment/material/ printer label, create a website, shopify, etsy, amazon reseller, and you start providing customer service then your running a trade business and only making small fees reselling to stay afloat as anyone can buy direct, your competing with those sellers themselves.
The real business angle is value add. Can you buy bulk/raw goods and process/upsell them? Think buying flour and making sliced bread or buying fabric and making shirts(not graphic tees lol).
The MLM scams however are simply packaged as “working” for your own business or “investing” in yourself. If you buy this product and resell it out of your trunk, or this $99 class on how to trade ForEx you’ll be rich! If I ever found a fool proof way of making money I’d incorporate a LLC for $300, get an EIN from the irs, open a bank account, actually do the fool proof method myself, take some excel spreadsheets, a business plan, and bank statements showing the fool proof method and I’d raise money from banks/investors. Why would I start selling classes on it? Or selling to you at a discount?
TLDR; Buy a $99 Shopify package and resell graphic tees OR buy machines from china, raw goods from the local/regional markets, put raw goods into machines and sell processed goods for more money/more volume.
what do you know about crypto mining? i have been thinking about this. only cost is hardware and electricity. $500 a day is feasible depending on budget. My aim is 100 a day with less hardware.
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You can do something called print on demand. Very low risk only your time and maybe refund cases. open an etsy shop then make an account with print on demand companies printify and printful are the big ones design stuff using chatgbt shirts bags tea cups anything. make sure the graphic is correct so it prints well. You can order a sample to see if you want to do your research on this.
Each etsy listing is .20ncents the print on demand company will print and ship orders to customers you get paid anything above their profit price. if theirs is 10 any price you choose above that which a customer will pay for is your profit. You don't buy or hold items they print and ship as ordered the company takes the risk since they do everything hence the high prices for items you have to be reasonable with your prices. If you have a brand then you can open shopify and work directly with the manufactures inside the print on demand network or make them yourself with print machines.
Don't wanna get your hopes up but calaf waaya waxaan you never know your products could take off listings are cheap which means you can have them on year round as long as you can afford them. Choose evergreen year round designs or trends or seasonal whatever works for you.
watch this series.
Each etsy listing is .20ncents the print on demand company will print and ship orders to customers you get paid anything above their profit price. if theirs is 10 any price you choose above that which a customer will pay for is your profit. You don't buy or hold items they print and ship as ordered the company takes the risk since they do everything hence the high prices for items you have to be reasonable with your prices. If you have a brand then you can open shopify and work directly with the manufactures inside the print on demand network or make them yourself with print machines.
Don't wanna get your hopes up but calaf waaya waxaan you never know your products could take off listings are cheap which means you can have them on year round as long as you can afford them. Choose evergreen year round designs or trends or seasonal whatever works for you.
watch this series.
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