Title: Dropshipping Explained   This short little epsiode by one of our fans is about why you may want to drop DROPSHIPPING!!   There is also a short VoxPop from the richest man in the world, founder and CEO of Amazon, Jeff Bezos, emcompasses every reason why dropshipping won’t last Dropshipping was one of the latest… we’ll call it “business out of a box” schemes that has been around for a few years now This is where internet marketers claim that if you buy their course, they’ll teach you how with very little effort, you can make money, quit your job, buy a lambo, without much effort There are many forms of it: ebay dropshipping, amazon dropshipping, print on demand, etc. The whole premise is that you can find these so-called “winning products” from wholesale distributors, usually from China with Aliexpress So what is the formula for Drop Shipping: You find the winning product You get traffic to your website via paid ads on Facebook and Instagram People buy You pocket the difference - aka retail arbitrage So how does money work? When you get paid at a job, you made money because you provided value to your employer in the form of your labor. And in every other business it’s the exact same - you make money from customers when you provide enough value to them The more value, the more money you make So money is really just a storehouse of value In Jeff’s own words, customers that buy products online only care about these three things: low prices, big selection, fast delivery And since that’s literally all Amazon focuses on, that’s probably why Jeff is the richest man in the world Yet, what are the only things people and online gurus focus with dropshipping? How I can do the least amount of work How can I make enough money to quit my job and fire my boss And there lies the problem - the entire idea and business model of dropshipping completely neglects what every customer wants You provide next to ZERO value to customers How are people making money from dropshipping then? First movers Low margins Fake numbers and fake gurus Even if you can make a profitable dropship business, is that the best long term business model to get into? So why so many dropshipping gurus? Selling online courses Is there any case where dropshipping is viable? There are other ways to provide value Provide luxury Find an underserved niche Have a personal brand That is how I did it. #dropshipping   Subscribe Apple | Google | Spotify | Stitcher | iHeart   A Podcast Company -  is the leading podcast production company for brands, organizations, institutions, individuals, and entrepreneurs. Our team sets you up with the right equipment, training, and guidance to ensure you sound amazing. - https://www.apodcastcompany.com and www.podcastsyndicator.com