Dropshipping, Behind the Scenes: Scam or Opportunity?
Dropshipping is a scam. Or is it? There are opportunities and real money to be made, but beware of the scammers in the billion dollar dropshipping industry.
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The best way to make money in dropshipping?
The truth about dropshipping success... could it be as simple as this:
- Brag online about your (fake) profits made from dropshipping
- Sell a course about how it apparently was done.
What is the insider trick to get rich quick from dropshipping?
This could be it:
- Spend $500,000 in ads towards your dropshipping campaign.
- Earn $300,000.
- Brag about the earnings.
- Do not disclose the money spent on ads, or partially conceal some of the spending.
- Do not reveal the fact that you actually lost money.
- Emphasize earnings, and present earnings as net profit.
- Make YouTube videos and earn real money from video ads.
- Sell an online course on dropshipping and make even more money.
- Pich the millionaire lifestyle.
- Fake the millionaire lifestyle.
- Show them your (leased) fancy car and your (rented) luxury home.
- Sell the course for $1000, upsell for another $1000, then upsell for $5000, then $25,000.
- Spam.
- Sell the privacy of all your clients.
- Make the most of it.
- Fake it till you make it.
This is apparently how some people do it. Perhaps not exactly like this, but in the same spirit.
Make $1,594,294.92 or something from this course.
Brag about the $1,594,294.92 and make another course on how you are making money online.
Without ever making any net profit from dropshipping.
It's sad really.
Are there legit ways to make money from dropshipping?
The Get Rich From Dropshipping Scam
Do not believe the fake braggers for a second.
Do not let the scammers fool you.
Dropshipping is easy money! Go for it! Get rich! Go! Go! Go!
No it's not.
Do not believe it.
There are people out there claiming they are making tons of money. Easy .But in reality they are making money by selling information. Information!
They are selling information that might be available for free elsewhere.
That's not the scam. Re-packaged information that is freely available can be justified. Actually most courses are re-packaged info.
The scam is not an illusion.
The scam is the illusion.
Sell the dream. Dropshipping will be your path to riches. Dropshipping will be the way to make tons of money. And it will be easy. You can do it.
That's the scam.
It depends on the pitch. How you frame it. The narrative and the context of it all.
Look beyond the pitch, and even the most sleezy dropshipping courses can contain valueble information.
Dropshipping: What it is
The Wikipedia definition of dropshipping is as follows:
Dropshipping is a supply chain management method in which the retailer does not keep goods in stock but instead transfers the customer orders and shipment details to either the manufacturer, another retailer, or a wholesaler, who then ships the goods directly to the customer. As in retail business, the majority of retailers make their profit on the difference between the wholesale and retail price, but some retailers earn an agreed percentage of the sales in commission, paid by the wholesaler to the retailer
Dropshipping: The path to true profit
Can you make any money at all from dropshipping? There's solid evidence that it's possible for other people.
Will it be possible for you? It all depends: Who are you, where do you live, do you have any money to begin with, what are your qualifications, and are you motivated enough?
Can you get rich at dropshipping? Possibly, but probably not. Most people won't make it, but some people will.
Are you willing to do do everything it takes? Will you prioritize dropshipping before anything else in your life? Will you work late nights, early mornings, at least in the beginning? Will you read all you can about dropshipping? Will you be critical, analytical, and don't fall for scams? Will you be independent? Will you work hard, and work smart?
Some people can succeed with dropshipping, but realize it won't be easy. Not as easy as some YouTubers portray it to be. But it can be done.
Maybe you've got what it takes to succeed in dropshipping, but it will take everything you got. Don't pretend it's going to be easy. Don't pretend you're smarter than everyone else. Once upon a time dropshipping was faily easy, at least not very hard.
Today, if you wish to succeed at dropshipping, you will need brains, balls (figuratively, not literally) and some cash to begin with.
Dropshipping: Try It, Scale It, And Exit
Dropshipping might work, but it could be a lot of work. You can be making thousands, even millions.
Should you try dropshipping?
For you it could be a complete waste of time. Waste of time equals waste of money, so even if you spend very little or no money at all, there is still a cost associated.
Evaluate the worst case and the best scenario, and be realistic about it. You won't know if this thing is going to work for you until you try, but that is true for many opportunities. You can't try them all.
If you feel like "meh, dropshipping sounds kinda dull"... then move on to other things.
If you feel like, "okay, this is kinda interesting, seems like something I would enjoy doing as well"... then go for it, maybe.
But you have to put in the hours or pay someone to do the hard work for you.
The best part about dropshipping is probably that you can quit at any moment, and sell it.
If you do have a profitable dropshipping campaign or store, or even a portfolio of many stores you could sell it to other who are interested in buying dropshipping businesses.
If your dropshipping business are making a net profit of $8,500 a month (about $100k a year) you should be able to sell this business for $300k to $500k, all depending. Web site brokers like FE International, Flippa, EmpireFlippers can assist you in finding buyers of your business.
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