$4,578,508.32 with Branded Dropshipping - just copy me

NuGenNath
22 Aug 202413:42

Summary

TLDRThe speaker shares his method for achieving $4.5 million in revenue through e-commerce and dropshipping, focusing on a long-term branded strategy. He details how he built and sold a $3.5 million store over three years, emphasizing the importance of branding for equity and scalability. He discusses finding evergreen niches, sub-niches, and using tools like Google Trends and shopify analytics to identify profitable products. The speaker also covers strategies for branding products, such as Scandinavian designed sofas, and leveraging Facebook and Google ads for marketing. He invites viewers to join his team for one-on-one guidance.

Takeaways

  • πŸ“ˆ The speaker achieved $4.5 million in revenue through Ecom and Drop Shipping, selling a branded Drop Shipping store for a significant sum.
  • 🏒 The business model involves long-term branding and Drop Shipping strategy, which is more sustainable than short-term tactics.
  • πŸ’Ό The importance of building brand equity is highlighted, as it increases the sellability and value of the business.
  • 🌐 The use of Facebook and Google platforms is crucial for building brand equity and driving consistent sales.
  • πŸ” The process of finding profitable niches involves researching Google Trends and identifying high search volume, evergreen niches.
  • πŸ›‹οΈ The speaker chose the sub-niche of 'buul sofas' within home decor, due to its high average order value and growing search volume.
  • 🌐 The strategy includes targeting specific countries like the USA, UK, and Germany where there's a high demand for the product.
  • πŸ“Š The speaker emphasizes the use of tools like shop Hunter to gauge a competitor's revenue and performance.
  • 🚚 The challenge of shipping high-ticket items like sofas is addressed, and the importance of having a reliable supplier with good return policies is mentioned.
  • 🎨 The branding strategy involves creating a unique image and angle, such as 'Scandinavian designed buul sofas', to stand out in the market.
  • πŸ“ The method involves starting with a curated catalog that fits the brand image and then scaling up as the business grows.

Q & A

  • What is the total revenue achieved by the speaker's e-commerce store before selling it?

    -The speaker's e-commerce store achieved a total revenue of $3.5 million before it was sold.

  • What is the significance of building a long-term branded Drop Shipping business?

    -Building a long-term branded Drop Shipping business is significant because it is sustainable, reliable, and can be sold for a high multiple of its yearly profit, thus creating a valuable asset.

  • Why is it important to focus on a niche when building a Drop Shipping business?

    -Focusing on a niche is important because it allows for specialization, which can lead to higher average order values (AOV), better customer trust, and a more defined target audience.

  • How does the speaker define a 'branded' e-commerce store?

    -The speaker defines a 'branded' e-commerce store as one that has a distinct identity, a specific niche, and a consistent presence in the market, which can be scaled over time to acquire market share.

  • What is the role of Google and Facebook platforms in building brand equity for an e-commerce store?

    -Google and Facebook platforms play a crucial role in building brand equity by providing avenues for targeted advertising, which can increase brand awareness and customer trust.

  • What is the potential profit multiple for selling a branded Drop Shipping Store?

    -The potential profit multiple for selling a branded Drop Shipping Store can range from 2 to 5x depending on the products and the sale price of the yearly profit.

  • What is the significance of the 'Arctic Chora' example provided in the script?

    -The 'Arctic Chora' example is significant because it illustrates a successful long-term Drop Shipping business model in the home decor niche, which the speaker uses to demonstrate the effectiveness of niche and sub-niche strategy.

  • Why are high-ticket products important in the context of Drop Shipping?

    -High-ticket products are important in Drop Shipping because they can lead to higher profit margins and allow for better negotiation with suppliers on shipping, returns, and product quality.

  • How does the speaker suggest finding and selecting products for a Drop Shipping store?

    -The speaker suggests finding and selecting products by identifying trending sub-niches with high search volumes and buying intent, and then sourcing products that fit the brand image and niche.

  • What is the importance of having a good relationship with suppliers in Drop Shipping?

    -Having a good relationship with suppliers is crucial for Drop Shipping because it ensures better shipping rates, faster shipping times, improved return policies, and overall better customer experience for high-ticket items.

  • How does the speaker recommend promoting products on Google and Facebook for a Drop Shipping store?

    -The speaker recommends using image ads with text offers that highlight the brand, the trending product, and the specialization of the store to promote products on Google and Facebook.

Outlines

00:00

πŸ“ˆ E-commerce Success: Branded Drop Shipping Strategy

The speaker shares their experience in building and selling a branded Drop Shipping business that achieved $4.5 million in revenue. They emphasize the importance of branding and long-term strategy over short-term gains. The business model focused on high-ticket home decor items within an evergreen niche, ensuring sustainability. The speaker discusses the process of finding profitable products, scaling the business, and building brand equity for a sellable asset. They also mention the use of Facebook and Google platforms for brand building and the potential for high returns on investment through the sale of a branded Ecom store.

05:00

πŸ›‹οΈ Niching Down for Profitability: The Sofa Sub-Niche

The speaker delves into the strategy of sub-niching within the home decor industry, using sofas as a case study. They highlight the importance of selecting evergreen niches with high average order values and strong market demand. The speaker discusses the use of tools like Google Trends to identify trending products and the potential of AI-generated images for marketing. They also stress the need for a strong supplier relationship to manage high-ticket items and the importance of branding to establish a specialist image in the market.

10:01

🚚 Overcoming Shipping Challenges with Strategic Sourcing

The speaker addresses the challenges of shipping high-ticket items like sofas and the importance of having reliable suppliers. They discuss the benefits of having suppliers with local warehouses to manage returns and reshipments more efficiently. The focus is on creating a curated catalog that aligns with the brand image, using AI tools to enhance product images and present them in a Scandinavian design theme. The speaker outlines the advertising strategy involving image ads on Facebook and Google, leveraging the brand, trending search terms, and specialist positioning to attract customers.

Mindmap

Keywords

πŸ’‘Ecom and Drop Shipping

Ecom, short for e-commerce, refers to the buying and selling of goods or services using the internet, while drop shipping is a retail fulfillment method where a store doesn't keep the products it sells in stock. Instead, when a store sells a product using drop shipping, it purchases the item from a third party and has it shipped directly to the customer. In the video, the speaker discusses achieving significant revenue through a combination of e-commerce and drop shipping, specifically by branding and scaling a drop shipping business over the long term.

πŸ’‘Branded Drop Shipping

Branded drop shipping is a strategy where a business not only sells products but also builds a brand around them. This involves creating a unique identity, often through branding, marketing, and customer service, to differentiate the business from competitors. The video emphasizes the importance of branding in drop shipping to create a sustainable and sellable business, as opposed to a short-term, high-turnover model.

πŸ’‘Evergreen Niche

An evergreen niche is a market segment that remains consistently popular and in demand over time, rather than being subject to rapid changes in trends. In the context of the video, the speaker identifies home decor as an evergreen niche because it is a consistent market with enduring consumer interest, making it a reliable foundation for a long-term business.

πŸ’‘Sub Niching

Sub niching is the process of focusing on a specific segment within a broader market niche. The video describes how the speaker took a general home decor store and narrowed it down to a sub niche of sofas, specifically 'buul' sofas, to create a more targeted and specialized brand. This strategy allows for a more focused marketing approach and can lead to higher customer loyalty and brand recognition.

πŸ’‘Brand Equity

Brand equity refers to the value a company gains from a product or service due to its brand name, reputation, and the ability to command premium prices. In the video, the speaker discusses the importance of building brand equity in e-commerce, as it can significantly increase the business's value and make it more attractive for a potential sale or buyout.

πŸ’‘High Ticket Products

High ticket products are items that are sold at a higher price point compared to average products. In the video, the speaker mentions selling high ticket products within the home decor industry, such as sofas, which can command prices in the range of thousands of dollars. These products can lead to higher profit margins and are a key part of the long-term branded drop shipping strategy discussed.

πŸ’‘Google Trends

Google Trends is a tool that analyzes the popularity of search queries in Google Search across various regions and languages. In the video, the speaker uses Google Trends to identify growing search volumes for specific products, such as 'buul' sofas, to determine market demand and potential profitability, which is a crucial step in selecting products for a drop shipping business.

πŸ’‘Conversion Rate

The conversion rate is the percentage of visitors to a website who take a desired action, such as making a purchase. The video script mentions a hypothetical conversion rate of half a percent for 'buul' sofas, illustrating how the speaker calculates potential sales volume based on search traffic and conversion rates to estimate the revenue potential of a product.

πŸ’‘Supplier Relationships

Supplier relationships are the connections a business has with the companies that provide the products it sells. In the context of the video, the speaker emphasizes the importance of having strong relationships with suppliers to secure better rates, shipping times, and return policies for high ticket items. These relationships are critical for the success of a drop shipping business, especially when dealing with expensive or large products like sofas.

πŸ’‘Image Ads

Image ads are a form of online advertising that uses images to promote products or services. The video describes how the speaker utilized image ads, often sourced from AliExpress or generated using AI tools, to market their drop shipping products. These ads were effective because they were cost-efficient to produce and could be tailored to highlight the brand and product features, leading to successful ad campaigns.

Highlights

Achieved $4.5 million in revenue through Ecom and Drop Shipping.

Sold a Drop Shipping store that did $3.5 million in revenue.

Emphasizes long-term branded Drop Shipping strategy for business sustainability.

Brand Equity is crucial for selling Ecom businesses at a high valuation.

Using Facebook and Google platforms to build brand Equity.

Scaling up and crashing is not a sustainable business model.

The importance of having a consistent and reliable business model.

Branded Drop Shipping stores can be sold for 2 to 5x yearly profit.

Aim for consistent growth over two years before selling the brand.

Demonstrates the process of finding and branding a profitable niche product.

Case study of Arctic Chora, a successful Drop Shipping store in home decor.

Niche down into a specific category within an evergreen niche for higher profitability.

Using Google Trends to identify high search volume and buying intent.

The strategy of branding products as Scandinavian designed for a unique market position.

Importance of having a solid relationship with suppliers for high-ticket items.

Utilizing AI tools to generate professional images for marketing.

Running image ads on Facebook and Google for cost-effective marketing.

The success of the method is demonstrated by achieving a $200,000 month in revenue.

Offers to work one-on-one with the team and access to their network of suppliers.

Transcripts

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all right boys I'm giving the method

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away you can just copy me I'm going to

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explain how we've done $4.5 million with

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Ecom and Drop Shipping specifically I'm

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going to be talking about the business I

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built and sold over the last 3 years so

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that store specifically did about $3.5

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million and then we exited it so it was

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a long-term branded Drop Shipping

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strategy sounds like buzzwords but

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that's what it is and it worked because

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if you're able to sell a company it

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means it's official right it's a legit

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business if someone wants to give you

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multiple multiple multiple six figures

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close to seven figures for a buyout the

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business is good right and I achieved

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that so I'm going to explain exactly

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I've got a similar store as close as I

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can come to cuz it's in our contract I

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can't give things away but as similar as

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I can come to the same exact method I

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did to do this I'm going to give you how

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I basically branded the product which is

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super important how I branded the

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product how I gave it like a good chance

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of actually being profitable so it's

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like sub nich and a niche I would go

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through it in the video and I'm explain

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and show you how I sort of am sure of

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finding these products and the process

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of scaling Etc all of that I'm going to

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give you everything with a quick rant

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showing you the tools showing you the

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example of everything you need to know

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also on the screen obviously this is a

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new brand that we working with close to

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a million dollar now it's exactly the

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same method so after we sold the brand

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we've been working on this one as well

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close to a million doll already with

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exactly the same method this has Equity

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value so it's sellable right this is the

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goal yes you can do pumping up Ecom

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stores Drop Shipping but you're always

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going to be chasing your tail if you

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scale up and crash and you got to find

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new products and constantly find new

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stores you're always going to be chasing

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your tail you're always going to be

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spending loads of cash on brand new

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stores which you're just not what you

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want it's not consistent it's not

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reliable and it's not longterm and you

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also don't build brand Equity you need

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to be using Facebook and Google

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platforms to build brand Equity to be

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able to sell them there's way more

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profit in selling an Ecom brand than

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actually just scaling right so you can

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get like a 2 to four 2 to 5x depending

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on the products on the sale price of

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yearly profit so let's say you did

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$500,000 profit in a year on a Drop

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Shipping Store that was branded you

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could sell it between 1 to 1.5 M which

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is crazy so you could do that over the

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space of 2 years ideally when you're

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building a long-term brand you need to

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get to the 2-year Mark with consistent

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growth and then you can sell it so yeah

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in this video I'm going to explain

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everything I've got a really good

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example probably too good actually I've

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gone through the process I've found all

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the key indicators of which I think

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would make it a good store to start and

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it's the same process and Method I

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followed exactly the same for this store

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as well so yeah boys quickly if you

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resonate with my message of long-term

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branded Drop Shipping you want to build

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something more sustainable I know people

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throw the word around branded I actually

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did a full video describing what branded

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is it's different objectives and it's

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how present the Ecom store basically and

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the product type it's how you scale it

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over time to acquire market share have a

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good team Etc so it's a different type

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of objective based Drop Shipping because

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everything's the same it's all

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e-commerce right so if you resonate with

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that and you want to work with our team

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you can see we're doing consistent

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results I've got another two stores

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we're doing on the back end obviously

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this is the biggest one we are working

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on together but yeah we've got another

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two stores on the back end we got a lot

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going on Q4 is coming up we are busy if

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you want to be a part of our team and

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work with us one to one you can book a

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call below also guys the story I want

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about doing doing $3.5 million in

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revenue and selling it if you need proof

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of that you can flip through my earliest

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videos and you can go through it like

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we're doing 15K days

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$7,000 days which is like $45,000 I

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think that was one of our biggest days

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$45,000 in a day we did $100,000 in 5

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days and just consistently breaking the

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barriers one of our biggest profit

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months for that store was like $160 to

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$170,000 profit in a single month

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because it was long-term branded Drop

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Shipping so you can see all the videos

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my old videos if you need proof

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obviously some people won't believe it

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but that's a matter of the fact it is

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just a reality obviously you can see

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we're doing it again with this store

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right here and we should hit a $200,000

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month this month on this store which is

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pretty nutty boom you $145,000 this

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month so far so yeah we should hit

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$200,000 so let's get into the video

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I've got a really good example website

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that I'm going to show you this is

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exactly what we did so I found a pretty

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good example of what we did and I'm

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going to break it down to give you the

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methods this is a website called Arctic

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chore they've been going for ages is

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they've been Drop Shipping for as long

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as I know and yes it probably doesn't

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look like it but this is a Drop Shipping

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Store they sell all sorts of home decor

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and today we're going to be looking at

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sofas for key reasons so let's talk

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about niching and sub niching so this is

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exactly what I did for my $3.5 Million

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store that I sold the reason why this

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works so longterm it's an evergreen

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Niche home decor it's always there look

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at the prices of these products ,000 to

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5,000 like they're ridiculously

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expensive this is pretty much what I was

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doing as well I was selling higher

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ticket products with an evergreen niche

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in the home decor industry people are

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always looking to buy and decorate their

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homes especially people with money they

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want to spend a lot of money if you look

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at Google Trends you'll always see

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people are always buying home deor kids

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it's never going to go away unless

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there's a Black Swan event so yeah this

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store has been running for years and

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they consistently scale so if you plug

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this into shop Hunter obviously one of

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the key things is we want to see what

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their revenue is so they' done $300,000

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this month to be honest that's quite low

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I thought they we doing a bit more but

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it's still really good numbers $300,000

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is still a big month and in the past

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year these guys have definitely done

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close to a million doll months for sure

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and in Q4 they will definitely be doing

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a million dollar months if you can get

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their products on discount you're

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definitely buying it this store has been

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going for years okay I'm talking like at

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least 6 years that is long-term and

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sustainability imagine building a

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business that produces you close to

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$100,000 profit per am for 6 years

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that's a business you can sell it right

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rather than a pump and dump store you

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run for three months with a $20 aov

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product the reality is it's not going to

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sustain you it's not going to build the

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life that you want that's the reality

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you want to build a business so we using

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chop Hunter because I want to understand

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and prove to you these guys are making

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decent money the other thing is when

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you're trying to find products to build

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a brand around and A Drop Shipping Store

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you need to check the competitor's

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numbers so shop Hunter as a tool I use

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it's like I would say 80% accurate take

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it with a pinch of salt but it's going

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to give you a key indicator of how much

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revenue the stores are doing so from

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this $300,000 this store is doing well

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now we know this competitor is doing

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well now we can get into niches of the

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sub Niche also boys if you want to

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download this app we got 20% off

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discount code in the description you can

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do that but if you want to create a

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brand that has more chance of succeeding

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you need to find competitors you need to

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sub Niche their Evergreen Niche okay

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what do I mean by that so Artic chore is

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a home decor retail shop this is exactly

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what I did for my store but I Niche down

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into a specific category of goods and

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then gave it a different marketing angle

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so Artic CH they're a hondor brand they

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sell all the products so how are we

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going to become more profitable chances

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if we just start in a store so we take

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their massive catalog we take a section

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of their catalog and we Rebrand put it

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into a niche store specifically for

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those goods which targets a smaller

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audience and as we expand we can build

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the catalog but when we're starting off

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we want to be a specialist in a niche

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that's going to give you more chances of

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success this is exactly what I did so

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another key thing as well why these

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niches are so good like look at these

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image ads they're all from AliExpress as

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well as now you can use AI tools to

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basically generate these images

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obviously they've got multiple products

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but today I want to look at sofas sofas

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are dope the aovs on this are mad

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another key indicator if you get good

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Google Trends or good Google search

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volume there's something and there's

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definitely money to be made like big

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money especially in the USA UK Germany

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these sofas and images look sick and

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they're all AI generated I'm pretty sure

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and this is exactly what we were doing

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so our website was built like this we

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had images like this but it looks

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professional it looks high-end okay and

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I've decided I'm going to take the sub

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niche of sofas from this home decor

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brand why because number one I checked

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shop Hunter the results are good okay

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the storees doing well now we want to

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take a sub Niche and brand a store

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around this big store Target A specific

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group of customers what is the Next Step

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why have I chosen sofas okay so I wanted

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to have a little look at Google Trends

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so exploding topics basically does that

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and I'm basically looking like what

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search volumes are doing the best in

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home decor so I've gone to explaining

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topics home decor and basically look at

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growth for the past 5 years and I was

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like boom bual sofas this looks good

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what is buul sers so they're getting

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22,000 search volume per month they did

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last month in August imagine that's

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22,000 visits on Google in just the USA

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so obviously there multiple countries

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you can for like these sorts of sofas so

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I searched up what buul is it's

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basically like this like these bubble

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sofas let's have a look at a little

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calculation so 22,000 people let's say

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half a percent of people are converting

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that's 110 of these sofas being sold a

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month in the us alone and that's a

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terrible conversion rate okay half a

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percent of 22,000 visits it's not a good

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conversion rate of interested search SEO

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buyers right so let's say the average

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order value of these sofas is it's

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probably around $2,000 or Β£2,000 so

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that's Β£220,000 which if you put into

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Dollars it's around $280,000 worth of

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Revenue on what this Google Trends

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exploding topics is telling you right

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now just for the USA alone it breaks

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down as well where people have being

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searching for this and where like where

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the volume's come in and where the the

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interest is okay this is a market we can

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take so we've gone from Evergreen Niche

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to becoming a specialist in a certain

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specific sub Niche and then we can brand

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it okay so how can we create a store

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that is branded like this so what we're

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going to do obviously this store sells

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everything now we're going to sell buul

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sofas but do you know what we're going

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to do we're going to add a Twist so

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we're going to call them and brand them

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as Scandinavian designed bual sofas so

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we would build a store based around

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these sofas with an aov of ,000 to 5,000

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we're going to choose the best images

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the best quality content we're going to

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Brand them as a Scandinavian designed

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sofas so we're giving it a brand image

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it's a Evergreen Niche we're creating a

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sub Niche and we're specialists in the

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group because we just sell these sofas

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that's how we're going to start off and

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why are we specialist because we are

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creating Scandinavian design bu sfers

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and we know the search volume and

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there's buying intent because there's

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22,000 people searching for this per

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month so how are we going to attack the

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market we build the website we find the

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products for AliExpress we're literally

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having a quick browse on AliExpress and

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yeah there's already sofas ideally what

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we would do so we have five to six

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suppliers in our private Network that

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you can book a call of us below if you

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want to join but basically the process

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would be so what is the brand

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Scandinavian design sofas and we're

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going to focus on the bual design

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because that's what's trending that

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means we can promote the products on

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Google ads and Facebook ads will

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definitely get way more interest it's a

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key in Ator what's the next step we need

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to find suppliers that can provide the

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products what is the issue with sofas is

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shipping obviously shipping's a

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nightmare because these products are

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high tickets so you need a good supplier

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we have five suppliers that can provide

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products in this Niche and they're going

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to give you better rates okay than

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you're going to get on AliExpress better

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shipping times better return policy and

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you want to make sure the supplier can

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provide like a good return system for

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you because that's the problem with high

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ticket that's why a lot of people can't

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do this method or use or sell High

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ticket products because they haven't got

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a solid relationship with a supplier

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where they get cheaper Goods quick Shi

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shiing good packaging and good returns

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if there's issues so that's what you

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need to sort out and some of our

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suppliers actually have warehouses in

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the USA if you join our group you can

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get access to these we got warehouses in

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China and USA which means let's say you

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get a return for $5,000 we can ship it

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back to the USA which is going to be a

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lot better and then you can ship it back

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out as a returning order from the USA

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which can be a lot better cuz a customer

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can't reship a sofa back to China it's

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just not going to work logistically okay

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so what is the key thing now is creating

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a core selection of catalog to suit the

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buul and Scandinavian design cuz when

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you're presenting these products online

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you need to hand select the images that

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look cool so now you can use AI tools to

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generate these Scandinavian interior

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designs and then present the buul sofas

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and that is your brand image you're

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using an evergreen Niche you turn into a

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sub Niche and then You' got the

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Scandinavian designed angle which makes

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it different and unique right so you can

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stand out and you have more chance of

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selling because you're a specialist with

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Scandinavian design sers so that is

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exactly the method we did so what I did

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took a home decor brand took a sub nich

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and I branded it in a different way and

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sold it to a different group of people

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and that was the store I scaled to $3.5

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million and actually exited with so the

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key goal now is to find and curate a

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catalog that works okay so the products

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also are part of The Branding and how

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you select the products because what

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you're selling is who you are and that's

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who you target so if you have a group of

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products that all fit a similar Niche

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and design that's the type of customers

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that going to be W to be buying from you

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and you look like a specialist you got

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to think why the hell is anyone going to

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spend $5,000 of you for a product if

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you're not specialist you need to give

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the customer a reason to trust you this

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website I've seen from a Facebook ad or

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a Google ad we can trust them okay

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because they're a specialist in their

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field if you were just selling

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everything Next To None it was really

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poorly designed and the website wasn't

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good they're probably not going to buy

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for you so that's why I take ever green

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Niche sub Niche Rebrand it that is the

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long-term method you build the website

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what do you do number one obviously we

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saw the Google search traffic was good

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we can start running Google ads and the

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next step is to start running Facebook

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ads the beauty of this you can just run

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image ads so you scour the internet

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AliExpress provide good images as well

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as AI tools right now you can generate

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like mid Journey you can generate images

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good enough to sell for Facebook ads the

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ads that perform the best for my Drop

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Shipping brand that are sold were image

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ads off AliExpress believe it or not no

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joke so there's tools you can use

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obviously you can use mid journey to

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generate the images and you can use mid

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Journey where you plug in these

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AliExpress images and you reup them

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there's also tools like let's enhanced.

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you can make the images better and more

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realistic and it sells well so the

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structure we did was image ad with text

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offer and we just tested different text

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and offer and we promoted the Des and

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The Branding so we would promotee

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Scandinavian designed bual sofas number

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one we hit the Brandon number two we hit

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the trend search that people know about

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and number three we hit okay we're a

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specialist in this group and you put all

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this sort of text on the image ads to

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sell them the beauty is it's so easy and

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cheap to find these images not going to

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cost you anything you can download them

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from AliExpress you can generate them

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from Ai and you already have ads to test

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simply get cber and put cool fonts and

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texts and offers onto the images as well

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as Google you do the same they're just

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product images and you start by doing

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search ads and shopping ads to find the

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traffic cuz we already know the bual

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search term people are buying from it

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okay that is basically the method I did

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to build this long-term brand of store

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if you want to work with us get access

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to our suppliers and work with me and my

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team feel free to book a call peace and

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love

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