In this video, I'm taking you through how I took a brand new dropshipping product on a brand new Sho...
Video Transcript:
over the past s days I took a brand new store and product from 0 to over 1,600 profitably just to prove that you can start Drp Shipping today and make results so throughout this video I'm going to show you exactly how I got here so that you can copy and paste the same methods and make your first $1,000 plus with your very own Drp Shipping Store and look I'm going to be showing you everything I mean I'm even going to actually show you the product that I'm selling because why not but real quick before I get into it if you're someone who wants a chance to hop in on a free one-onone consultant call with myself and my team to learn exactly how to start generating these type of results all you to do is in the comment section comment the word Drp Shipping with your biggest takeaway from this video and tune in to next week's drop to go ahead and see who won with that being said let's go ahead and get right into it so let me take you back a couple of days I was sitting in my office scrolling through Tik Tok I mean come on guys I'm the CEO I can do that anyways I was sitting there scrolling right and I saw someone advertising one of the products that was actually in my top 10 winning products to sell an October video I mean I already knew that the product had potential because that's exactly why I put it on the list so I continue scrolling and just a couple Scrolls later is when I saw the same exact product again and you see this time when I saw the ad I paid a little bit more attention because I saw how many likes and comments that it had and when I went into the advertisers page to look a little bit more into it that's when I saw how many views that they had and y'all when I saw that the ch-ching sounds they just kept going off in my head so seeing that that was a green flag right out the gate so of course I spent a little bit more time looking into it so I first decided to go ahead and check in on the other competition I was selling this product to make sure that they were getting traffic to their store which ultimately let me know two things one is that the consumers are definitely interested in the product which is really all I need to know to start testing something but secondly it let me know about how much you're currently making by selling this product and one thing you should always know is that if someone else is making money with the product you can too I mean let's take the story right here for example you can see that their website visits dropped during the summer but now that we're heading back into the fall season they're getting about 5,000 monthly visits so to estimate how much are potentially making from selling this product all I had to do is take the store visits and multiply it by the e-commerce average industry conversion rate of 2 1. 2% that gave me the number of 125 which is an estimation of how many sales that they're currently making monthly so I took that sales total and I multiplied it by their selling price of $70 and that was telling me that they're roughly making about $8,750 while selling this product and then with that confirmation that this product is selling I went to AliExpress to find a supplier that could help me reach that 2. 5x margin that I'm always looking for while advertising a product and I was able to find a supplier that was charging $7 to supply and fulfill the product so I took that $17 and I multiplied it by 2.
5 which is the margin that I'm always trying to stay at or above while selling products that gave me $42. 50 which told me that that's the least amount that I could sell this product for in order to be within that 2.