WHAT IS DROP-SHIPPING?

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hey guys dan Buchan here and today we’re going to be talking about dropshipping so what is dropshipping you probably hear it all the time about this brand new method of making money online without really putting any money up or without holding any inventory well this is what that is drop shipping is seems like an elaborate system but it’s really really not and it’s quite simple so if you allow me to explain here as you can see over here we have your supplier so that’s you’re going to be purchasing a wholesale from and keep in mind there are two different prices inside there’s wholesale and there’s retail wholesale is what you the seller is buying for and retail is what you’re selling for so your customer over here buys retail price and you buy wholesale price so here’s how the system works first you purchase or you find the product from a supplier so you go on Aliexpress or ebay or even any American drop shipping companies and so you just find the product so you find your product and you list it on your webstore and keep in mind you’re buying this product for wholesale say two dollars a piece and you’re selling it to your customer for retail say twelve dollars a piece okay the next step is your customer buys the product from you so your customer goes to your store and he buys he or she buys the twelve dollar priced item okay next step is you take that order and you send it to the supplier so once the supplier has your order what they do then is they directly ship to your customer what this means is throughout this whole process you’re not touching a single piece of inventory all you are doing is hosting this service and driving the traffic to it you’re driving the customer to your store and then you’re sending the order from your store to the supplier and they take care of the rest it’s very simple very easy to do and I actually want to show you a couple examples right now so we go over here we can see websites like this so up sites like this is kind of just a bunch of different niches that they found on Shopify and they’re probably using Facebook Ads or different advertising source to drive traffic to but the problem is is it all there’s no there’s no niche to it you know it’s not like moms love this or boho gypsy knuckle rings you know they have knuckle rings they have necklaces they have Luke Bryan like those don’t go together but what I’m trying to show you is is that the pieces they have here for 1295 what they do is they go here and they go to Aliexpress or they can buy the same exact rings for 285 so what am I trying to show you here I’m trying to show you here that Aliexpress is a supplier right the web store is this store right here trendy things and they’re selling you for $12 so like I said before with the two prices you have your supplier Aliexpress selling it for 285 that’s wholesale price and you have this store we’re buying it for 285 but selling it for 1295 which is their retail price so what happens is when I buy this all they have to do is come here press buy now and fill out my shipping information my address my not my credit card their credit card my address and they ship it to me directly from here so let’s see a couple more examples of this here’s a dog niche a drop shipping website as you can see they have a couple cool products but like this 1595 waterproof small dog hoodie jacket so if we go to Aliexpress again we can find the same jacket right here force 465 – 632 so again this is their wholesale price and this is the retail price here’s another one see we have this the Ruto leaf bracelet limited edition free okay well they’re doing free plus shipping the free plus shipping model and we’ll go into all that in the 7fa ultra but as you can see right here they have a couple tools that i want to talk about but let’s see how much you’re charging for shipping actually check out let’s see I see have to fill all this out let’s do it see I’ve seen my email address and not want to do that well let’s see if they utilize it let’s see if they use that email list okay but you see here the charging 9.95 just for shipping and they’re purchasing this bracelet for 179 and basically how the free plus shipping model works is they market their product as free and they just add the retail price into the shipping so this is going to be their retail price and this is the wholesale price they’re buying it at so it all goes back to this Aliexpress being the read the wholesale supplier the store the three stores I just showed you where the web stores where you sell for retail and whenever the customer buys from retail you just send it up to your wholesale supplier now send it directly to your customer and that’s pretty much the rundown and drop shipping right see you guys later