Passive Income: How I Started Dropshipping From Scratch (STEP BY STEP)
Summary
TLDRIn this video, the creator demonstrates how to set up a profitable dropshipping business with minimal investment. Using AI tools, they build a fully functional Shopify store, select trending products, and drive traffic with micro-influencers, all while keeping costs under $1. The journey shows how even with limited resources, success is achievable through automation and strategic marketing. In the end, the creator makes $80 in profit in just 24 hours, proving that a small budget and smart tools can lead to meaningful results in the e-commerce world.
Takeaways
- 😀 Dropshipping can generate passive income with AI-built Shopify stores.
- 😀 The process can be done with minimal cost, using free AI tools and a $1 budget.
- 😀 Building a Shopify store involves using free tools like 'Build Your Store' and 'AutoDS' for product sourcing.
- 😀 A key step in dropshipping success is selecting a niche with a large market, such as sports and fitness.
- 😀 Choosing appealing banners and a professional design for the Shopify store can help attract customers.
- 😀 Utilizing free trials and minimal payments for tools like Shopify and AutoDS helps keep the initial cost low.
- 😀 The AI-generated Shopify store automatically creates product listings and professional photos, saving time.
- 😀 A good domain name is crucial for credibility and SEO; using a '.store' domain can enhance traffic.
- 😀 Influencer marketing with micro-influencers is an effective, cost-efficient way to promote a store.
- 😀 The potential for profit increases as the store scales, with the possibility of earning thousands in passive income.
- 😀 Even with minimal effort and a small budget, it's possible to make real sales and generate a decent profit.
Q & A
What is the main goal of the video?
-The main goal of the video is to test whether it is possible to create and run a Shopify store with free tools, spending under $1 for setup, and to see if it can generate real sales.
What are the three rules the presenter sets for this experiment?
-The three rules set by the presenter are: 1) Use only free AI tools and keep the total cost under $1, 2) Everything must be done from a laptop, and 3) The store must be set up within an hour.
What tool does the presenter use to create the Shopify store?
-The presenter uses the 'Build Your Store' AI tool, which builds a Shopify store and allows for dropshipping without needing inventory.
How does the dropshipping process work in this video?
-In this dropshipping process, when a product is ordered from the Shopify store, it is directly shipped to the customer by the supplier, and the store owner makes a profit without handling the physical products.
What are the product options for the store's niche?
-The presenter chooses the 'Sport and Fitness' niche for the store, believing there is a large market for these products, especially among younger people who are into fitness activities like running and boxing.
What is the significance of choosing the right products for the store?
-Choosing the right products is crucial because they attract customers, drive sales, and set the store apart from competitors. The presenter uses AutoDS to find proven products that have the potential to sell well.
How does the presenter handle product selection for the store?
-The presenter uses AutoDS, which selects winning products, manages pricing, uploads photos, and handles product shipping directly to customers once sales are made.
What is the purpose of using a .store domain for the store?
-The presenter opts for a .store domain because it is designed specifically for online stores, and studies suggest that .store domains receive 87% more traffic and rank higher on Google, helping to increase visibility and sales.
How does the presenter market the store after launching it?
-The presenter uses micro-influencers with 10,000 to 50,000 followers to promote the store on Instagram. Micro-influencers tend to have higher engagement and conversion rates compared to macro-influencers.
What results did the presenter achieve after using micro-influencers for promotion?
-After promoting the store with a micro-influencer, the presenter made 12 sales of the breathing trainer, earning a profit of $80.35 after product costs, marketing, and platform fees.
What is the presenter’s final takeaway from this experiment?
-The presenter concludes that using AI tools and a small budget can lead to real profit with minimal effort. They suggest that scaling this method could turn it into a profitable passive income stream.
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