NordicSomali
VIP
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.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.
have you done this?Dropshipping does work, but it's best used as a proof of concept. The real goal is to test if your product can sell and figure out your marketing. The problem? 99% of people just open a Shopify account, throw together a store, and do the bare minimum. They wait and hope. Hardly anyone actually plans things out or starts with a proper marketing strategy and budget.
Your budget doesn’t need to be huge either. Especially now with TikTok it’s basically given dropshipping a second life. For just $1–2, you can promote posts, and people can swipe up and order right away. Super low barrier.
My advice? Keep your costs low. A lot of people quit early because they dump money into Shopify or Wix. But if you just take a couple of weeks to learn WordPress + WooCommerce, you can make a clean-looking site for less than a dollar a month. That low cost means you can stay in the game way longer.
From there, it’s all marketing. Pick a channel, pick a target group, set a small budget (under $100), and start testing. Could be SEO, TikTok, ads whatever you vibe with.
And don’t put all your eggs in one basket. Once you get the hang of WordPress, you can build a bunch of small 1–3 page webshops. Spread your marketing across them, and when one starts getting traction, focus in. If the orders come in steady, buy a small stock, toss it in the attic or a corner of your room cuts shipping times and costs. Then just keep building from there.