This Is The REAL COST Of Starting A Dropshipping Aliexpress Business

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alright guys in today’s video we’re gonna be talking about something very very important the cost of starting your own Shopify and like spritz drop shipping business I don’t know whether you’re going to be using Shopify or not but pretty much everybody is so it’s very important to understand the actual real cost because there’s a lot of misinformation out there right now you hear it you always hear you can start doing Facebook with $5 you can start this and that was actually a misconception you can start with five dollars but it’s five dollars should be five dollars times ten times twenty and I’ll tell you why in a second so when you start the the reason I’m doing this video guys is because there’s kind of like a thing going on where you know a lot of people are struggling and there’s a lot of people succeeding however I’ve noticed the difference between the people that succeed in the people that struggle because first of all I help a lot of people in real life my friends who struggle and I’ve succeeded with Shopify and a lot of my other friends that succeed with Shopify and people my group and the ones that succeed spend a lot more money because they spend a lot more money on testing testing products and all that sort of stuff so we’re going to talk about the people that don’t spend so much money and why they kind of fail and how much you should be expecting to spend so you don’t get any nasty surprises when you jump into the Shopify game now before we get into this guys if you’re new to my channel I have two free books that I give away for free the drop shipping cheat sheet and the hundred K product list with products that have made over 100k and they’ll be below in the description if you want to check them out and then that give you a very good head start on your drop shipping journey now what we need to first understand guys is the five dollar ad set thing can you start with a five dollar asset absolutely but as far as little as five dollars we’re going to use four products as an example and three days okay so keep those two in mind for products three days sorry three days and this is an excluding split testing this is excluding we’re not talking about Instagram here this’ll grams a little bit easy to make money on because you just buy a shout out and for 30 40 bucks and you usually make some money we’ve talking about strictly Facebook Ads here and drop shipping so just remember four and three okay let’s say for example we have four products you should testing at least three four five products a day when you’re starting at least two guys that kind of what makes it network separates the successful one for the ones that failed the ones that fail come in here and expect to make money off one five dollar headset you could get lucky it could work chances of that working are very very slim you probably have a better chance of putting money on black on black or red of blackjack because that’s not really how this works you need to do a lot of split testing need to start a line that sits and it costs a lot more than five dollars per a day so the ones that are failing and the ones that are doing that they’re too scared to spend money now also remember that when you start an online business guys you don’t really have any inventory cost you don’t really have any insurance cost you know you’re not owning a store you know if you want to be a plumber and the real worst they are employing business you have to buy vehicles you have to buy insurance you have to buy tools you don’t have to buy any of that all you need is a laptop to start this guy’s okay that’s the beauty of this but then people act like they don’t have money that like people get scared to spend the money yet if you go and try and start a real business in the real world like I should say just a business the ruler this is store real business you’re going to be expecting to pay a lot more you’re probably going to have to get a loan to do that you know ten twenty thousand bills depending on what you’re trying to do so you could miss a great opportunity here if you don’t do this right okay that’s what I’m trying to say there for products for products you let’s say you have four ad604 products for headsets and you run those for three days listen so we run all of those for three days straight on the first day you’re going to spend $20 on the second day you’re going to spend another $20 on the third day you’re going to spend another $20 to get to a total of I don’t know if you can see that because the windows in the way a total of $60 so as a scenario for products three days you’d leave them all run for three days you might get a fluke sale you might not you’re gonna spend 60 bucks pretty not too bad it’s a few mixed on a few six five or six minute Donald me McDonald’s meals or two if you live in New Zealand depending on how much you eat but um that’s kind of like 60 bucks now the thing this is going to be your first try and ninety-nine point nine point nine nine percent chance you’re probably not going to make any money here you’re not going to get a sell this is going to be a completely failed test for you so we’re gonna try again round two round two same things happen we’d waste another sixty bucks round three we might waste another 60 bucks now to keep it in mind that this is not doing any split testing what you should be doing this isn’t this isn’t doing any of the advanced stuff when a lot of people that are starting this now that succeed you go into their Facebook account you’ll see 50 60 ad sets a hundred ad sets because they’re not scared to spend the money so what do you really need to UM start the Shopify stuff quite a bit of money and we’ll talk about sums in a second but just remember do you need to be testing multiple products and you need to be doing at least one exit for a product obviously but you should be doing things like split testing ages and interest from the stuff as well however you can let this run for three days and you can do a breakdown all right that’s pretty easy to do but I find it easier to just you know maybe do I might do ages 18 to 30 here and in the maybe a 30 to 40 you know just just split them up a little bit if you can because it’s easy to go and kill as you know we could easily double this into 40 bucks a day 60 bucks a day easy easy so so now we’re going to talk about the kind of the lump sums what what should you be expecting to spend when you start your drop shipping journey now guys I’m also going to talk about profit and stuff soon which is very important to make sure you stay to watch their butt entry level 500 bucks Plus now there’s a lot of guys back in the day including myself we don’t quite well we started on Shopify we did well with maybe under 500 bucks right I remember I found my first winning product after 500 but it wasn’t that great it actually died out pretty quickly the reason that we did so well with little amounts of money those because Facebook Ads costs was has gone up a hundred and seventy-six percent in the last year okay then I wanted when dollar signs logged on science 176 % percent in the last year so we it was a lot easier for us to go and make more money off a little amount of money back in the day so entry-level guys you’re looking at about around 500 plus that’s excluding the cost for any courses you do excluding the cost of trauma fire apps and everything like that that’s just Facebook ads okay and I’ve been realistic right now you’re going to have at least you’re going to have at least one or two or three failed sessions of product testing right you might have two months worth you might have 10 said you might spend five grand I don’t know but $500 is the minimum you should jump into Shopify with okay minimum minimum that’s entry level now we have $1,000 this is going to give you a bit more room to play with this gonna give you a bit more money to start maybe if entry onto their so Graham shoutouts but more importantly it’s gonna give you more money and this still isn’t a lot of money to start a business by the way guys it doesn’t if you get a business running for a thousand bucks you’re doing pretty good a successful business so $1,000 is you’ve got a ton of money to go out and do more advanced testing more like a lot more testing a lot more split testing it gives you a little bit more room to play with all right a thousand bucks so that’s kind of what you’re looking at to take – I would say give yourself a little bit more room alright to do some more testing now what I’ve done guys that jump straight to two grand the reason I’ve jumped to two grand because something like 2 grand is going to be plenty for you to go on tests and you should be able to find a winning product with two brand okay and I know that’s scary to a lot of you guys like I know a lot of you guys are young kids at school and stuff like that I don’t have $2,000 well I’m sorry to say you’re gonna have to go and get one of these things you’re gonna have to go get a job there is nobody cuts kaisers because the sound echoes off this little mic over here he is so you’re gonna have to go and get a job and I get a lot of guys contact me like you know I need to learn how to make money online I’ve got another money and stuff well you need to go and do one of these first all right to save up a thousand bucks 500 bucks 300 bucks whatever you think you need to stop this okay so at the end of the day guys entry level into this you working at $500 minimum minimum okay to start your online drop shipping journey now before we finish this video I’ve got one more thing I want to talk about that’s profit okay you might see the Lamborghinis around in the thumbnails right I might just put my car in here for a laughs I might and this thumbnail why not you know you’ll see the thing all we made tin grin or shovel fire we made 20 count you know I made a navy cache of a face that we then bought a GTO or a Lamborghini well the thing is guys that 80 K or 100 K is most likely not all profit it’s probably around about 10,000 to 30,000 if someone goes and makes $100,000 on the drop shipping industry or whatever the business model a hundred thousand dollars you’re probably looking at around about a twenty to forty thousand dollar profit margin depending the average profit is around about 30 percent from what I’ve gathered with my research and stuff over the last couple of years most of the guys that I know they’re doing quite well they’re running about 35 to 40 percent that’s usually what they are some of them are over my one of my stores is about 42 percent so when you go out there and you spend $1,000 guys you’re gonna be spending a thousand dollars to make back 300 generally on average look out hope you can see that so that means you need to spend quite a lot more money to make back your initial profit and that’s where people get scared they’re not they’re not willing to spend that money to make of this money okay and that’s kind of what stops a lot of people so what I’m trying to say in this thing is I’m first of all don’t worry about everyone’s Lamborghinis and Israelis and stuff all right a lot of them are financed apparently on an iPad there are cheap financed in America might have had to take cash flows because I got it in myself but um you’re looking at around about a 30% on a good day to be honest a lot of you guys would be doing 10 or 20% you just need to remember that you need to spend this out like if you’re doing a 30% you need to spend a thousand dollars to make that three hundred they should put this into perspective for you that you actually do need quite a bit of money to start this dropshipping journey and anyone that comes into my course and they asked me that question how much do I need I tell them the truth 500 plus don’t go don’t come into my stuff at least you’ve got 500 or more to play with then and that’s it right like that’s the cold hard truth so guys the finishes video off today alright first I’m going to say join our Facebook group as well for more tips and tricks and all that sort of good stuff for now on the Shopify stuff and give it give us a subscribe if you want more but I’m going to finish off of this okay 500 plus that’s really bad 5 500 plus if you don’t have 500 plus to start your Shopify journey don’t even bother because I’m you’re gonna waste money you’re gonna burn money if you don’t have me I’m not gonna say mine 6 I’m kind of sick of that word every entrepreneur say is that I’m not gonna say it’s your mindset but you need to change your attitude okay if you’re going to come into this and you think that you can start making a bunch of money off a hundred bucks I’m sorry to say it’s not going to happen if you think you can come and use Facebook and make them you know get ripped off 300 bucks might happen but the chances are very slim okay that’s just the truth and you need to change your attitude I’m not gonna say – it out really it’s a few words in outline that have just been absolutely abused and – II know you all you need to change your mindset you need to change your attitude okay you need to change your attitude and there’s another one it’s like you letting your mindset block you I don’t know some crap but you need to just guys 500 plus you need to change your attitude if you’re going out there so this is one thing that a lot of people do guys don’t do one ad set at five bucks hope the sound wasn’t bouncing off and down and you know they might give a sale I get another sale another sale another sale it dies off and they keep wasting money and try get another sale okay they probably can’t see any of that but what happens is they travail it gets a sale gets a sale kind of teases up a bit then it drops off and then the get no sales you’re making another one here and then they’re just wasting money guys right customers right products if you have that lined up your products going to sell up hotcakes you don’t need to worry about any of that and you’re going to make lots of money but for that to happen you need to be testing a lot of products I was testing over nine products when I was first started I think another guy I was talking to recently was doing like 10 plus 15 plus tests a lot of products and then trust me you’ll know when you have a winning product cause it’s just going to blow it all the rest out of the water and you’re going to start selling products Oh like just boom ba ba ba ba ba sell sell sell sell sell you’re not gonna have to worry about facebook doing waste stuff with your ads it’s just going to keep selling and then you also guys I kind of forgot this as well you need money for your team once you start getting tons themselves you want to build out a research team you want to go down a Facebook Ads team you want to build out a team a person that will throw your orders for you things like that okay guys so at the end of the day 500 plus to start your Shopify store don’t bother at least you have $500 plus because that’s probably what you need to start a Shopify store next US dollars I’m talking about I’m not talking about in New Zealand Australian European the euros or anything like that there’s 500 plus US and I’ll see you guys in the next video