I Tried Dropshipping For 7 Days (and failed)
Вставка
- Опубліковано 3 чер 2024
- I saw a 7 Day challenge droppshipping from @JordanWelch and decided to give it a try. The challenge was supposed to be impossible to fail, if you followed through. I did, and I failed...
I always thought dropshipping was this sort of scammy thingy where people would just try to make money of.
They promise no risk, and fast and easy money. As I am getting married this year, and I need money, I decided to try dropshipping for 7 days to prove it was not luck to myself, but apparently it was, and I ended up failing, and losing some money.
Dropshipping ended up taking a lot of effort and time, which I was not willing to put, as I rather do something else
I give credits to those that actually do it, and manage to gain money from it, and quit their 9-5 or not even start... I feel like doing this sort of businesses, is more for people to start early on, or when they have a good product that they don't want to risk ordering thousand of products and investing thousands before hand. For me it was a failed experiment...
I guess I won't be trying dropshipping again, or well, if I do, I should learn more before doing so...
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Timestamps
00:00 Intro
00:20 Explanation
01:00 Day 1
02:32 The Product
04:42 Day 3: The Products v2
06:13 Day 4: It's not easy
08:48 The Ads: Creative
11:49 The Ads: TikTok
12:44 Costs of Challenge
16:45 Day 5: The Ads Didn't Work
18:00 Why I Think I Failed
19:38 TikTok Ads Analytics
2042 My Thoughts on Dropshipping
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Disclaimer: This video, and the ideas presented in it, are for entertainment purposes only and should not be construed as professional advice of any sort. Some of the links above may be affiliate link. I earn commission from qualifying purchases.
Best and honest dropshipping video I've ever seen. It was real, raw and informative. I certainly got a lot from it. I wish you luck in whatever you choose to do! 👍
I really appreciate this comment! I had fun making the video! Glad you enjoyed watching it
Don't give up dude, the same thing is happening with me right now, I've uploaded the video.
But you need to give atleast a 1-2 months to find a winning product.
Thanks for the support, but it just takes too much money and time from me! Was fun while it lasted haha
Hey man, first off great video and thanks for being completely honest. I think the main thing that limited your growth is the fact that valentines day is the LEAST popular major holiday. On top of that your ads sounded robotic and unconvincing. Lastly the product you chose is a very saturated market and is easily replicable. Not trying to bash just giving you ideas on what u can improve on if you continue this business venture
Thanks for the tips! I appreciate this message as it helps me for next time!
You have to stay CONSISTENT it’s not overnight success for everyone
Agree! It was a fun challenge never the less
The problem with dropshipping is that 95% of the time youre relying on people's impulse buying.
Multiple that with other people selling the same things
The only thing in your power is:
1. Unique Ad
2. Your initial capital
I think my marketing was good. Just that it was the seasonality, and also that i couldnt get credit cards. If that was in december i wouldve made quite some money
@raftyimp3ff i did what i could with what i had
The first product you used is a great product but it is overly saturated and too many people are using it. The website you made is very good and quality. Stepping away for 2 days is a very bad idea you should see how the adds are doing while they are running to make the adds better quality and targeted. You also need al ot more then a week to make money from drop shipping.
Thanks for the feedback! I understand i made some mistakes and some things i did good. Overall as insay in the video it just took too much of my time, and i think i was also scared of simply losing more money instead of making and then i cut it short
Did you have to create an LLC prior to launching the ads?
No, I didn’t have to. That was the reason I couldn’t accept credit cards or sell outside Europe
Best and most relatable video vid ive seen for dropshipping.
My whole bank account right now is $455, and I may use half to test products and the other half for food/gas for the week
Bro, your CPC was CRAZY good. Anything under $1 is rly good, and you were hitting .34 eur (.37 usd)
If you could accept credit cards, you wouldve made a sale or two (possibly 3 - 5 with a banger website/product) because a rly good converting store typically has 1% to 3% conversion rate
Mine is at $2 lol
you will always have low CPC if you're targeting EU
Yeah! I think if i had credit cards i would have gotten a few sales. Lesson for next time!
some products take up to a month to start making money
Yeah but one month is too much money and time for it to work, so i gave up, was fun while it lasted
minimum effort and fast? If you how the knowledge and experience.. some ppl take them years to make money.. the average is 20 products to find a winning one.. THE AVERAGE
True bro i had to test 15-20 products when i started to find a winner
Yeah i get it, but all this “finance make money fast” influencers say dropshipping is one of the fastest and easiest ways ti make money, so i wanted to put it to test!
@@MatiasRijoM Yes you re showing the real experience first time dropshippers have and thats very valuable for everyone out there who wants to give it a try. But dont get discouraged, what happened to you its the average. If you want some feedback for next time.... thats website you built is not gonna get conversions... good video keep grinding
@@Ste.________ thanks for the feedback! Will def take it into account for next time!
You prbabaly would of gotten sales if you didn’t only have PayPal because to be honest everyone has PayPal but they don’t use so it forms have a balance and it’s just too much to pay with PayPal. Try again when you can but with cards
Agree! I will try again in December and with credits cards enabled!
try SAAS or start a cleaning company
I might give it a shot on the cleaning company
What do you mean you cant sell on US and Canada from Europe>? of course you can
Well, i could. But i couldn’t run ads, tiktok only allowed me to run ads on europe because i didn’t have a us based company. So in the end even if incould sell in the us it would be difficult to reach that audience
@@MatiasRijoM you could use a VPN and SIM Card from US, and after that, you would be able to promote there.
great vid man, u underated
Thanks! I appreciate it
can i edit your videos?
Hey! Send me an email at matiasrijomato@gmail.com
"Impossible to fail". Dude, it is January. Most people start to save up money during January, and February, so that they can afford to spend their money on things. If you would have "tried" during December then sure, you would have seen a much better ROAS than what you currently have. No one is making huge numbers in January, and you decided to test things in the biggest low on the year.
What you say makes sense, and I knew that before starting. I also think it didn’t work because of credit cards and only targeting EU stores. I studied economics and have a master in finance, so i know about the seasonality of the market. Yet if i was able to have credit cards and target canada and US, with my Valentine’s product, i should’ve gotten at least 1 or 2 sales. I will try again in December, and actually prove the seasonality, hopefully by then i have credit cards enabled. For now, it was fun!
My man, No offense but you did it all wrong. The "dropshipping" style that you went for is a popular jump on for beginners. If you did the same thing accept. designed your website better and grinded ads you would be successful at some point. Its not a 2nd hand job lol It will take hours. I have studied business for years and im only 18. I have set up my own business and it takes about 20 hours a week to build. thats the LEAST amount. Your building something by yourself its not going to take 1 day. like I said Iv been at it for almost 6 years and im 18.
are you very profitable on you’re business and did you start from scratch, $0?
Hey thanks for the feedback, i think i did things wrong indeed, but i was scared of losing money, and i didn’t want to spend too much time on it, because i didn’t have. I recognize you need anlot of time and put efford and indidnt do that, so that’s why i failed i guess.. lessons learned. Dropshipping is not a joke, and if you want to make it you need to pit the time and efford
Yessir,@@MatiasRijoM I wasnt trying to make you feel bad either I just wanted to point out that You could do it if you tryied it the long way.
@@voodoojosh4032 If you do it correctly you will be down thousands of dollars before you make anything. I have put close to 12k down and I have shipments coming in 2 months.
this was over 1 year, all of my money that i could spare from a job went to setting up the business. i should make 8K just from the first shipment which I can sell in person with just the people I know. So i can 1000% break even if I thought it wasnt going to work.
How about you get a job🤣
How about you shut up? I have a job
Hey, great video, can I contact you somewhere?
Sure, send me an email