I quit my job and I tried drop shipping for about 6 months with shopify, took a course and learned hot to use facebook business manager, do my own campaings, digital marketting and could only sale $40. Now im following my passion, have no job and completely broke. What a champ!
Speaking from my experience, if you run your own business it's will never be a 9-5 job 48 hours per week, it's more like 80+ hours per week and a lot of risk involved. But on the other hand, you can scale your income to an astronomical amount with endless possibilities if you work hard at your absolute limit and take risks.
That's what I always say: being an entrepeneur is not for everyone. You need to be constantly careful, because every decision that you make can determine the success or the failure of a deal or of a project and in consequence of your enterprise.
@@alexandradegala6262 it is not only having a good business model. Being an entrepeneur means to think outside the box, and it is simply not for everyone. Why a lot of people critized this video? Because it does not reflect the truth at all. Personally, I am a little bit annoyed by all this motivational video that they say that if you can dream of it, you can do it and you can decide your own working hours. This is wrong, usually self employed people like freelancers and entrepeneurs have to work more than a normal employee, and thay have to be constantly attentive for deals and customers. It is NOT an easy job, and you cannot really get off of it, because you have always to pay attention to eventual risks or imprevists.
I've been dropshipping for over two years and it has absolutely changed my life! I went from being a struggling full-time firefighter to now having traveled the world.
Yah but its not hard to imagine 15-40% of that is profit which is STILL good earnings. I'd be as pessimistic as you are at a lower generating revenue number like $15k or $80k but $1.5mm? Yah they are fine.
Drew Binsky: *Travelling Nomad.* Mac and Jess: *Digital Nomads.* Communist International & Co. (Me),billy, Justin Y., Areez Habib, Somali Pirate,Avery Lopez, Yasser Ayub,Tikamuna and Kim Jong Un: *Commenting Nomads.*
Guys be careful....I'm sure they do make some small profit off selling Amazon...but their real money comes from selling you a course on how to sell on Amazon...
With all respect, but i really don't understand how people believe in someone who says how to become billionaire,how to make money in one month blah blah blah bur in the end of the video you always have to click on some websites and pay for something lol. I prefer spend my time reading books from sucessful authors..
Atleast it means they have achieved 1.5million in sales that's a good amount. Also y so negativity in it they have achieved something be happy abt it or just leave it no need to spread negativity
Resigned 2019, start my own company, monetize what I learned by doing consultancy, manpower services marketing, and project management online. Never been happier
My story- When I was 13, I started learning web development. Then at 14 I started a WordPress blog. I earned about $500 through blogging in less than 6 months. I also learned video editing, digital marketing, SEO, about Ecommerce during that span of time. But I regret that my country has so much population and the students needs to get through the high competition to get into even in a mediocre college. So students start preparing for entrance exams in high schools. And the same I did. So I had to leave my blog, freelance work. So that I can concentrate on my studies.
So let me see if I get that right! Drop shipping is buying something for a more or less cheap price but then selling it for a higher price?:) Roughly speaking
Emre Özyurt so many channels on RU-vid talk about it. Yes, in simple terms that’s what it is. You need to find cheap products online, make webpage and run google advertisements to promote your page to sell your product. The only way to get people to buy your stuff is to make your page look legit and pay google for advertisements to get people to click to your page. That’s not guaranteeing they will buy so you need to actually invest some good money and take a gamble. It’s easier to make a RU-vid channel promoting drop shipping to make money than it is to actually drop ship lol
Great video! But they aren’t millionaires. I know a lot of the top e-commerce guys doing dropshipping and at best 0-20% of that $1.5mill is profit before their taxes and expenses. Meaning at best they made $300k, minus taxes makes it around $200k. Which means they are probably worth like an estimated $75k each... Not even close to millionaire
what one thing many do not consider is that a business is worth a multiple of the net income, so if they grossed 1.5 million, and netted say only 200,000, then the business itself could be worth a multiple of 10 so around 2.5 million. Again many facts to consider, Still, it is a great life doing what you want, when you want, from wherever you happen to be at that moment. Great video!
My wife and I did this in 2002... sold everything and bought a one-way ticket overseas. We were gone 12 years and continue to run our small software business. It was a lot harder in the days before WiFi. We used to buy scratch-off cards to use dialup internet in Sri Lanka.... and fly to Dubai when we needed to download a large software update on faster internet.
i know dropshipping business, been at it since 2011, and i even own my own logistic now, but 1.5 million in sales does not make you a straight millionaire, sure, your sales are 1.5 million, but margin is usually 35-40% depending on what stuff you are dropshipping, some of my products even have a margin of 55%.
I love this story. Anything is possible if you work hard at it. In fact new economy means entrepreneurship because jobs are so yesterday. With automation, AI and jobs moving overseas soon very few jobs will survive. Only way to make money is entrepreneurship in the future.
GC because they make it seem so easy. When in reality it is not, and stories like these are usually done to sell courses. So it’s like a multilevel scam. Any profit or money comes from new comers and not the actual work/company.
Sir Drew Binsky, I have a request, pls do videos on how to save money for a normal, doing 9-5 job guy to travel and also, videos on how to travel different countries, cheap and make most out of it. Thank you
They said $1.5 Million in SALES.. Didn't mention Profits.. they're Very Slim in Dropshipping ... You have to spend Hundreds of Thousands of dollars on FB, Google, IG ads to make that revenue
@@naughtynightlifeasia7317 yes, the laws matter almost as much as those in the rest of the world... which means they will squeeze you if they think they can. but they won't even know you exist if you aren't upsetting the local economy. if you come there and spend your western dollars, plus the visa renewal fees, it's all ok.
Mistake: 🇬🇧 Is the Union Jack, With Scotland and England, Wales and Northern Ireland doesn't have their flag on the union jack England flag: 🏴 Scotland flag: 🏴 See the difference?
