how I made $20M+ online so you can just copy me

Summary

In this video, the creator shares how they earned over $20 million through drop-shipping, offering a detailed and transparent guide on how to replicate their success. Covering key steps such as selecting profitable products, setting up an optimized store, and implementing upsell strategies, the video emphasizes the importance of efficient marketing, fast order fulfillment, and effective customer support. The speaker also provides tools and resources like templates and supplier recommendations, alongside a free newsletter for ongoing drop-shipping tips. This is a comprehensive guide for anyone looking to succeed in drop-shipping.

Takeaways

• 😀 Successful dropshipping can make millions online if done correctly, and the speaker shares all the steps without gatekeeping any information.
• 😀 A strong product is key—choose products that solve problems, are evergreen, and appeal to a wide audience (e.g., the mini projector).
• 😀 Pricing should be set at 3x the cost price, ensuring profitability (e.g., sourcing for $18–$19 and selling for $89).
• 😀 Use upsells and add-ons (e.g., stands, warranties) to increase revenue; one store made $1.5 million from upsells alone.
• 😀 Start with essential team members: a manager, supplier, and customer support rep. Outsource roles like product finder and ad creator when scaling.
• 😀 Optimize your store using Shopify, and create a simple, clean logo with Canva. Ensure you have necessary pages like shipping and refund policies.
• 😀 Keep the product page simple and engaging. Use high-quality images, short descriptions, and entertaining content like GIFs for better conversion.
• 😀 Implement upsells and downsells at checkout to maximize sales, with features like address autocomplete for a smoother customer experience.
• 😀 When fulfilling orders, work with reliable private suppliers who offer fast shipping, proven reliability, and can handle high order volumes.
• 😀 Use Facebook and Instagram ads to drive traffic to your store. Test at least three ads, and optimize based on performance to scale effectively.
• 😀 Offer customer support by initially handling inquiries yourself. When scaling, hire experienced support agents from platforms like Upwork.

Q & A

What is the primary business model discussed in the video?

The primary business model discussed in the video is drop shipping, where products are sold online without holding inventory, and products are shipped directly from suppliers to customers.

How much revenue did the speaker generate from their drop shipping stores?

The speaker claims to have generated over $20 million from their drop shipping stores, including more than $10 million from one particular store.

What is a key factor for product selection in drop shipping according to the speaker?

A key factor for product selection is choosing an evergreen, problem-solving product that has broad appeal. The product should solve a common issue and be suitable for a wide audience.

What is the recommended price-to-cost ratio when selling products?

The speaker recommends a minimum 3x price-to-cost ratio. For example, if a product costs $10 to source, it should be sold for at least $30 to $40.

Why are add-ons and upsells important in drop shipping?

Add-ons and upsells are important because they allow the business to increase the average order value. By offering complementary products, like a projector stand or warranty, the business can significantly boost revenue.

How does the speaker optimize the product page for conversions?

The speaker optimizes the product page by using a simplified logo, keeping the product description concise, using high-quality images, and adding engaging GIFs. They also add social proof through customer reviews and highlight scarcity (e.g., limited stock).

What strategies does the speaker use for upselling and downselling at checkout?

The speaker uses upselling by offering related products, such as a stand or warranty, right after the customer adds the product to their cart. They also use downsells, offering the same product at a lower price or other complementary items, to increase revenue even if the initial upsell is declined.

What is the speaker’s approach to fulfillment and supplier relationships?

The speaker recommends working with private suppliers who offer fast shipping, good pricing, and reliability. They emphasize contacting suppliers only once there is a consistent order volume to avoid wasting their time.

What is the role of customer support in the drop shipping process?

In the early stages, the business owner handles customer support to understand customer needs. Later, a dedicated customer support representative is hired, typically from the Philippines, and they manage support tasks using a tool like ZenDesk.

What marketing strategy does the speaker recommend for drop shipping?

The speaker recommends using Facebook and Instagram ads for marketing. They suggest testing multiple ads to find the most effective one and mention creating content either in-house or outsourcing it through platforms like Fiverr.