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S204: Why Traditional Drop-shipping IS NOT a Long-Term Business Model
Manage episode 440034613 series 3380632
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So many people think drop-shipping is going to be their “get rich quick” scheme - but can it ACTUALLY make you rich?
IMO NO…
Dropshipping is for sure a popular business model in the ecommerce world, that has a lot of benefits, but it is not a get rich quick scheme and actually you could end up losing more money than you make...
While dropshipping offers low risk and low barriers to entry, it is not a sustainable long-term plan if you don't build a brand around it.
Many people approach dropshipping as a way to make quick money by selling trending products without being passionate about what they're selling.
This leads to a crowded market, lack of customer loyalty, and poor customer experience.
However, dropshipping can be done well by building a brand, white labeling products, and utilizing platforms like Amazon FBA.
I share more of my personal opinions on dropshipping in today's episode.
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Kapitel
1. What is Dropshipping? (00:00:00)
2. The Importance of Building a Brand around your E-Commerce store (00:03:16)
3. Why Dropshipping is a Short Term Business Model (00:05:32)
4. The Importance of Building Customer Relationships (00:08:44)
5. Utilizing Amazon FBA as a Sustainable Dropshipping Model (00:15:26)
6. My Personal Thoughts on Dropshipping (00:22:25)
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