How Much Money Do You Need to Start Dropshipping? ($100? $500? $1000? $3000?!)
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- čas přidán 2. 08. 2024
- We answer the question: how much do you REALLY need to start dropshipping with Aliexpress?
►► Free $10,000/Month ebook: wholesaleted.com/4-step
►► Step-By-Step Dropshipping course: wholesaleted.com/go/dropshipclub
**OTHER LINKS/VIDEOS REFERENCED**
►► Start Dropshipping with $50: • Video
►► How to Create a Shopify Store: • How to Create a Shopif...
►► 8 Side Hustles: • 8 Side Jobs to Make Mo...
►► Free Logo Maker: wholesaleted.com/go/freelogo
►► How to Pick Products with Fred Lam: • How to Pick Products t...
When dropshipping, you have 3 major costs/expenses/things to budget for:
1) Setting up your store.
2) Marketing your store and testing products.
3) Purchasing the products that customers buy.
**How Much Does it Cost to Create a Store?**
Most viewers watching this video will be looking to build their store with Shopify. That means it will cost $29/month for the subscription, and then $14 for the domain name. That means you need just $43 up front.
However, there are two optional costs that are good to consider:
1) Purchasing a logo from Fiverr for $5.50
To build your store, you will need a logo. You can make a logo for free using a free logo maker. But a professionally designed logo will look a lot nicer in your store. For such a low cost, it is well worth it if you can afford it.
2) Purchasing an Upsell Shopify Plugin for $47/month
The SMAR7 Bundle Upsell is very beginner friendly. But it’s also more expensive than a Shopify subscription! UGH! However, once you stumble upon a winning product, putting upsells on top of it will more than pay back the cost of this plugin.
So what you can do is you can leave this off your buy-list and purchase it once you’ve found your winning product. You can then install this app and then put an upsell on top of your winning product. You don’t need to buy it up-front.
**How Much Does it Cost to Market & Test Products?**
While you can use free traffic sources, they are slow. To take advantage of paid traffic, it is going to cost you money. In this video, we discuss Facebook ads. We recommend being prepared to test at least 20 products.
When we say “test products” with Facebook ads, we mean adding a product to your store, and then running a small ad for it on Facebook promoting it. If the ad is profitable, you scale that item up and it becomes a “winner.” If it loses you money, then you kill the ad and test something new.
To run ads, I normally recommend starting with a $5/day budget and running it for 4 days. That means that each test will cost $20/product. So to test 20 products, it is going to cost $400. Along the way it is very likely you’ll make some sales of products even if they turn out to be “losers” - but it’s good to budget for this just in-case.
If this is quite a lot of money (we understand!) here are some tips for you:
1) Plan to split it up over 2-3 months. You don’t need to run all of the 20 product test at once: you can do it gradually at your own pace.
2) Use side hustles to save up the extra cash. It will definitely be work - but it is well worth it. There are ways to pick up jobs from home and to save up this money to reinvest into a business.
**How Much Does it Cost to Buy Products Customers Purchase?**
Something that a lot of people don’t talk about when discussing this question is the cost to purchase items that customers buy. If you spend all of your startup money on marketing & setup costs, then you’ll have nothing left to purchase the products customers buy. And if this happens - your business is sunk!
Unfortunately, money that customers pay you will not be send to you instantly. Stripe pays out every 7 days, and PayPal is likely to hold your money for 3 weeks (potentially more) until they trust you. This means you’ll need to have money prepared in the meantime to pay for items until the money the customers paid you has cleared.
One of the most common reasons new businesses fail is due to cash-flow issues. If you don’t want to be part of that statistic, then make sure you prepare in-advance by doing one of the following:
1) Have a credit card. You will get the money the customers paid you well in-advance of when your payment will be due on it. Plus you’ll get bonuses too (such as free air miles and cash back rewards to offset fees).
2) Have a debit card with $200-300 on it prepared in-advance to purchase the items from Aliexpress. - Jak na to + styl
Hey guys - don't be shy, if you've got any questions please ask them. We'll try and answer as many as we can :)
+Wholesale Ted
Thanks babe
Haha yes. I do that because it will increase how high the comment is shown on the video page once there are 50+ comments ;) I want people to know they are welcome to ask questions!
Wholesale Ted club
abgra17 how successful is the plugin?
Wholesale Ted How do manage 2 websites through Facebook?
I love how this channel just gets straight into the topic and doesnt wait around for 7 minutes like the others
That is so refreshing!
cuz they all want you to buy there shitty course
I love this lady, she opens up the dark secrets in dropshipping Business that others won't talk about, it's better to know ur challenges and prepare for them than to be taken unawares
Thanks ma'am, I love you
Having watched numerous channels talking about this, I like you - you're honest and provide useful information without too much waffling.
I absolutely love your descriptions! Thanks for taking the time to write it out!!!!
Sarah, you really make my day whenever I watch your videos. You are a very good human being . Thank you for your all the information that you have given to us and thank you to your team members too. Keep sharing.
Help if you can, teach if you learn, give if you earn;)
This video was well thought out and genuine. I appreciate your honesty and you not being offensive. I'm sharing this with a friend!
You are only one of those who explained cashflow.
Great effort Sarah
Will definitely follow yoir guidelines
I love how clearly you explain!!! 💯
Love your videos. I didn't understand anything before because you talk to fast but when I saw more videos of you, now I can understand you easyly. Great video.
You seriously produce the best videos on the topic content wise. Super open and honest. Your work is appreciated!
10:00 cash flow. Excellent job. I ran a small business for 10 years and you have to play the cash flow game. You get comfortable after a few years when you know you'll pay yourself back lol. I was seasonal too so I had to budget for winters off. Thank you very much.
This channel is golden! I am just beginning to learn about drop shipping and the videos are very informative. I can't wait to binge watch more of these as they have answered questions already that other channels failed to do. So glad I came across this channel. Thanks Wholesale Ted! Side note, the host is absolutely gorgeous but that's just a bonus😍
Great content sara sounds direct very informative and honest, keep growing, love your accent, thank you
Thank you so much for this very honest video!! Finally someone mentioned ALL the costs. 🙌🏽😁
Hi Sarah, I have just started watching your videos and I truly have to admit that I have learned a lot and also enjoy the accent :) God bless you for the great job you do...thnx
I love how you are realistic and positive in a very genuine way. I've been having a hard time. Went through a huge depression episode - actually still in it. Your information has become very important to me in giving me hope. I've learned much more than just e-commerce. I actually have a something to strive for. Struggling with money and worrying how you're going to survive is not fun - I'm there, after all. Hope. Maybe that's what I needed. I've recently set up my store in kind of a book setting niche. I'm hoping something works, or else I'm off to making Fortnight videos. loooool
I’m sooooo glad I found your channel! I’ve watched a few of your videos already and subbed, thank you for the Great videos , presentation and easy to watch videos!! Thank you so much !!! ❤️❤️love all your vids.
You're so amazing. Beautiful and witty. Well informed and experienced with a blend of sweet confidence.
I especially love your closing comments about brick and mortar startup vs internet! Excellent!
The ending highlighting the past to preset was the best... Thank You!!
This is the answer i wanted to hear. Honest and well explained. Thanks for this!!
Thanks Sara for the honest and straight forward video on how to get started :)
I just started watching your videos and I love them so much! Thanks for all the content you put out there I’ve learned so much. I’m currently working on a plan of action to start my very own Drop shipping business so I don’t have to work at a part time job anymore to focus on school
These videos are amazing, thank you for posting them!
Sarah never disappoints. You’re always going over my expectations. Thank you 🙏🏾
Thank you Sara for being so thorough, this is the exact info I was looking for 💜
I appreciate your honesty and definately sheds necessary light in the finance department of dropshipping, so thank you.
You are very articulate in the way that you explain your methods. Awesome and keep up the great work.
Thank you for your this video. I've had the question of do I purchase the item, then wait for my customer money to hit my account. you are the firs video to directly answer that question. You speak for clear and not fast. I love that you break down every term. I really appreciate this channel. You have ignited my fire to jump into Drop shipping. I've researching for months and now I think I'm ready. Thanks
Omg I can’t believe someone who’s honest. Thank you
She's the real deal. Since there's isn't cuts through her seminar. Thanks
This channel is incredibly useful. You have a new subscriber. Real content.
So much value dropped on this channel!!! Thank you!
Thanks for being so truthful and really good advices
You Answered All the Questions I had in my mind. Thank you for your Straightforward Answer/Opinion/Recommendations
Your videos have so much value, I'm honestly surprised that you are not at like 1 mil subs at least.
Thank you for the information. I'll definitely go through the other videos then enroll.
You never disappoint with the info and guidance - well done!
Thankyou so much ❤️ one of my fav youtuber by now, very informative.
OMG thank you so much for this video ! I was planning starting amazon FBA but currently i only have 550 euros saved up and i've heard that you need at least around 1000/2000 to start on there so i got really discouraged.. this dropshipping could be ideal for the money i currently have saved up tho :D i'm so excited and will watch more videos on this subject !
I really love your honesty here. This is what I've been looking for. Thank you so much sarah this really helps me alot.
one of the best video I've ever seen on youtube! thank you.
Great Video!! Thanks for rhe tips!
I just can say thankyou. so grateful to watch your videos!
WOW!!! Super Excellent Video. Your delivery style is infectious and riveting. Loved it!!!
Love you Sarah!! You are a super star and love all your presentations/training episodes!!! it is sooooo clear and to the point! Amazing times a million to be honest!!!! lot of respect and love!!! #WholesaleTed
Damn. Your channel gives such an impressive vibe. It almost makes me trust it as much as BBC! Thank you for being considerate with your research and helping new dropshippers understand the value in it.
Thanks Sarah this video answered all of my concerns and worries I had. Now I am fully prepared
Thank you for your honesty. I learned a lot and I'm continually learning on all of your vlog. I'm planning to open my dropshipping buz soon. More power to you. God bless.😊
Your so smart! Wisdom comes from doing and either your a natural seller or you've done it a lot!
genuine information. Thank you for coming upfront
This is one of the first videos I've seen that shows people need to understand that it really does take money to make money. Thanks Sarah.
Thanks Sarah! I find your videos to be the most helpful, and I like that you post an outline below the video as well. I can tell that you genuinely like to help people.
Thank you Michele. I genuinely do! It was very nice of you to leave this comment, thank you.
Thank you, miss, from the depths of the transparency and clarity of your thesis about the beginning and the potential risks, as well as curbing the ambitions of the owners of quick earning without the effort they make. I wish you happy times, God bless you.
you are so helpful. its amazing no one gives as much real information and help as you wow, thank you so much for helping us.
Good video. I use my credit card for my dropshipping business, then pay it off when I receive my PayPal money. It gives me a lot of reward points on my credit card, so I can fly free or upgrade to first class. Keep the videos coming...
Life In Chiang Mai sounds like a good idea
THANKS for being a legit page that gives proper info without going around circles
Liked and subbed today. I am a seasoned businessman, chemist and cosmetics manufacturer and CEO . You're awesome giving some very good advise to beginners in business and people like myself that are just getting wet in a new field. Can't wait to watch some of your other videos - keep them coming! Btw, your comparison of brick and motor to online stores - was spot on !
I love your honesty.
Best video so far on this subject thank you!!!
great one sarah! you motivated me; love u
I've been told my whole my life every time I talk about working for myself that I'm basically too basic...Im 30 and I'm tired blue collar worker who feels 50... I got very little education and appreciate people like you putting this stuff out
All you need is to believe in yourself, fuck what anyone else tells you
Well explained! Thank you! Great video
Nice video Wholesale Tid
Hello I just wanted to thank you for your open and honest information about drop shipping using shopify and other platforms. You are 100% correct. I have a team building 2 stores for me right now and I did not realize the huge cost of marketing "if you want it faster" so now after spending money for the team and getting the store built I know have to SIDE HUSTLE to get ready for the ad spend budget. I go however realize the principle of investing in your dream so I am on it. But hey thanks again great video!!!!! See you at the top lol
Thank you for sharing your advice...have subscribed.
Very good Video! Thank you very much for your quick smart and wholesome answers!
Thanks for speaking clearly and honestly and not being sleazy!
Great video from our favorite e-Commerce fairy.
This is such a great video about sound business planning for success. Thanks a lot for this honest teaching feat.
Wow! Thank you very much for this info, none of the others talk about this... they assume you already have the money.
11:55 Just LOVE your mindset!!! 🙌🏾
Thanks for these videos Sarah they really are a blessing 👌🏽
Wow! Very articulate & down to earth young lady..I enjoy your content..thx for what you do..
Love your content!
Excellent info thanks, you are spot on, esp w that last expense, most drop ship pundits never mention that ⚡️💥👍🏼
At first I was not sure about your videos, but after watching I realize that you are an awsome person helping people on how to make money. You just got a subscriber😁
I like your videos! I like how you show whats behind the every glam and glittery talk gurus do and especially how you talk (you accent) :D keep it up! +1 Subscriber! and not skipping ads for you haha!
THANK YOU. I'm all in, and I keep finding that any question I have can be answered right here.
Great video! Just subscribed
Excellent and honest. Thank you!
Another good one, Chrisp. Thank you
Thank you for the great info!
Informative and honest. Kudos
you are honest at what you do. Good , keep it up. wish you Success.!!
You're brilliant. Thank you for the lessons and advice.
Just started to subscribe to your channel and wanted to say that you are awesome! So much good information! Thank you!
Honest facts video. Thank you, Wholesale Ted..
I am glad the covered the PayPal issue, that's what will probably hold you back mostly. This is the sign that this video can be fact checked true once you step into this far enough and see the problem.
Thanks for all the information
Great Video And Thanks👍🏽👍🏽
God Bless you and thank you for your honesty!
Such a good helpful video. Thank you so much!
Your teaching are great. From singapore
Im subbing to this channel for sure , so many useful tips
i want to say thank you a lot forn sharing those useful information , you're really one of the best .thank you agian from Morroco
thanks a lot, the exacte explanation I was searching for !!
Such an amazing video. Thank you so much.
Thanku and Love your great honest efforts 😊😊😚