How I Made $70,000 in Less Than a Week with Dropshipping
Are you tired of not succeeding with dropshipping? Do you want to know how to find a winning product and make a lot of money in a short amount of time? Look no further, because in this article, I will show you exactly how I made $70,000 in less than a week with dropshipping.
Step 1: Finding the Product
The first step in my journey was finding the actual product to sell. I tried the classical way of creating a brand new TikTok account and engaging with dropshipping content. By interacting with every possible ad of a dropshipping product that I saw, I was able to make a very long list of all the products that had potential. In this list, I included information such as how many views the ads had and how many competitors I could find selling the same product.
After doing a bit of research, I finally found the product that I wanted to start testing. The next logical thing for me to do was to order the product to my house and start filming ads. However, on Amazon, this product was priced outrageously high, so I needed to find a better supplier for my product.
Step 2: Using Autods
That's when I decided to start using Autods, an amazing platform that's basically all-in-one. It helps us with everything, but more specifically with automation. After doing some research on Autods, I was finally able to find the product, and with the help of only a few clicks, I could import the product from Autods to my store.
Step 3: Filming Ads
After receiving the product, I did a lot of work and put in a lot of effort to film these ads. In total, I filmed around 45 ads, but unfortunately, all of them flopped. So, in total, after all of this process took me like 1 month, I made 0 in sales.
Step 4: Getting a Mentor
That was the moment when I realized I needed a mindset change. I don't know about any other fields, but I know for sure that in dropshipping, if you have a mentor, that's going to help you move a bit faster. So, naturally, I decided to contact my mentor and tell him about the situation that I was in.
Step 5: Running Ads
My mentor advised me to start running some TikTok ads. After making a lot of combinations between the videos that I shot myself with the product and the ones that I could find on the internet, I came up with some final versions of the ads that I wanted to run.
Step 6: Tweaking Ads
I did some tweaking on my ads, changed the hook and the offer, and also did some changes on the product page, including more gifts and customer testimonials. It actually paid off because the next day, I did $995 in my second day of testing.
Step 7: Scaling Up
I pumped those budgets up as much as I could and closely monitored the ad spend. This was a bit uncomfortable for me because I knew that if I wanted to reach my goals, I needed to put in more money in ads. But I knew that I was definitely not going to stay in the same place forever.
Step 8: Making Money
As you can see, I managed to make more than $44,000 in less than one week of running ads. It was definitely not an easy process, but it was worth it, and I learned a lot. The profit margins were 31%, which means that the net profit was around $22,000.
Pros and Cons
Pros:
- High potential for profit
- Low startup costs
- Easy to start
Cons:
- High competition
- Requires a lot of effort and time
- Can be risky
Highlights
- Finding the right product is key
- Autods can help with automation and fulfillment
- Having a mentor can help you move faster
- Running ads is crucial for success
- Scaling up is necessary for making more money
FAQ
Q: Is dropshipping profitable?
A: Yes, dropshipping can be very profitable if done correctly.
Q: How much money do I need to start dropshipping?
A: You can start dropshipping with as little as a few hundred dollars.
Q: Is dropshipping legal?
A: Yes, dropshipping is legal as long as you follow the rules and regulations.
Q: How do I find a winning product?
A: You can find a winning product by doing research and testing different products.
Q: How do I run ads for my dropshipping store?
A: You can run ads on platforms such as TikTok, Facebook, and Instagram.
In conclusion, dropshipping can be a very profitable business if done correctly. Finding the right product, using automation tools like Autods, having a mentor, running ads, and scaling up are all crucial for success. With hard work and dedication, you too can make a lot of money with dropshipping.
