Is it Even Worth Starting Shopify in 2019? [WARNING] #Best Education Page #Online Earning

and I know a lot about Shopify but like

dude that was literally the single best

summary of the state of Shopify right

now I couldn't imagine trying to start

Shopify with owl

[Music]

welcome back to another exciting video

we have Dana Silva the man the myth the

legend here with us if you guys don't

know Dan he's another large youtuber has

a massive Shopify following but is also

just one of my best friend we're gonna

be talking about the state of drop

shipping the state of Shopify right cuz

a lot of things have changed three to

five years ago you could just find any

necklace on Aliexpress and become an

instant bazillionaire right we're gonna

be answering the age-old question since

the dawn of time which is is Shopify is

drop shipping saturated and if it is

right is it even still possible to make

money so we're gonna be answering those

two questions really quickly though Dan

give us like a 60 second background so a

quick backstory I don't want to spend

too much time on it I hope my parents a

lot of money didn't know where to go I

had no college degree I was a high

school dropout I was I was literally a

loser and that's how I look at my old

self and I ended up finding through

trial and error drop shipping and oh man

let me just say it's been such a fun

ride millions of dollars generated just

through personally with me and partners

as well so that's kind of how I got

started was out of pure desperation of

needing a pair of parents back cool so

that was like the 15-second story so

let's get right into there

so the market a few years ago here's the

thing really quickly before I dive into

the market a few years ago it's not so

much the market has changed the consumer

has changed so the market a few years

ago you can just throw up anything on

Facebook and legitimately anything and

make disgusting amounts of money because

here's the thing the CPM is back then so

that how much you pay for every 1000

impressions on a platform like Facebook

was dirt cheap and when I first got

started Facebook didn't even have two

million advertisers on the advertisement

platform now there's over six million

advertisers so there wasn't as much

competition back then and you can

literally just throw up and I keep

saying anything because I would try the

most random things if I were to try them

today

it would just fail completely but back

then I would just throw up a bunch of

different things on a completely generic

store and just start advertising would

sell in crazy Chicago and the very first

product that I that I had a home run

with we ended up doing our 250 K of

sales worth of sales of that one

particular product what was it uh

alright so I didn't know about in fridge

feed back when I first started my very

personal so cut me some slack okay

it was a cannon mug okay like you know

they go lends money and so I ended up

starting off with that but again

hopefully cannon doesn't know you did so

so anything I never did ever again once

I realized that holy cow I could turn

this into a really big business that's

what I learned about you know II I ends

and setting myself up properly getting

lawyers involved they were like you

can't tell it like oh why and then they

told me I was like oh I had no idea so

that was that no they're a first product

we're everything where everything just

blew up with fidgets spinners

yeah when win like the gold and chrome

ones came out and like the different

styles dude I couldn't I couldn't stop

selling those if I try now everything is

different everything is completely

different now

consumers have evolved you have to

understand back

back then Facebook is interruption based

marketing so essentially you are

interrupting somebody's pattern think of

Facebook as like just you and me hanging

out over here and someone and diverse

and walking and be like hey I have this

product you want it and then if we just

don't say anything for three seconds

they just go they go away to somebody

else's house and well I can hey I have

this product you want it it's it's very

awkward and that's what Facebook is now

if he goes around to 100 different

houses yeah sure I'm sure maybe one or

two people be like yeah we're interested

that's essentially what Facebook is

you're interrupting people when they're

trying to look at aunt sally's you know

pictures of her exercise yeah yeah so

that's a section we're doing and back

then it was like a it was like a like a

I looked a poly not not negatively

looked upon now because ads are

negatively looked upon but they are

they're more interruption basic people

get angry with them that's why they have

negative and positive feedback score

with Facebook now and back then we were

we would advertise if people just click

they'd be like oh that's perfect they

just click and then to go ahead and

purchase now people have to see the ad

and then they have to reseal like four

or five times before they decide hey I

will purchase it so the frequency of the

end user purchasing and how many times

they have to see your particular

advertisement from then and now has

increased so if you take a look at some

of the most successful stores out right

now aside from like the celebrity stores

it's you know you kind of have to

understand that the market is really

catering to branded products like

certain Thailand certain style brand

products like one that I sold recently

was a blender right a portable blender

that has you know the thing inside and

charging with the USB but then you have

a site like blend jet comm where it only

has that one product that's that's the

only thing they sell and they are

crushing it they are making so much

money and it's only from one product now

where the differentiating factor becomes

is how do you

find that product how do you have you

have to create a bunch of one product

stores and hope one of them hits no and

this is kind of where things get a

little bit more tactical what I do right

now is I own the fancy gadget comm and

if you go on there there's over 200

different looking gadget based products

and what I do is I just start creating a

bunch of ads running five to ten dollars

every single day for the ad set and I

just started running it to those

particular products and and I want to

see what works so I'll be testing like

80 90 things at any given time just you

know not because I want to but more so

because I can I

once I started making enough money I

grew my budget even further and I didn't

only have to test one two three products

I can go out and just mass test find out

what works and then take them to their

own stores so how are you finding these

these gadgets because I've always heard

that gadgets right are really working

very well for people it makes a lot of

sense to cuz you can't go and buy like a

blender bottle from like the Safeway or

Walmart the very first thing that I

would say is use something like Theo and

all theme is is a compliation of

Aliexpress products that are that are

really trendy really cool and it's

consumer driven so consumers they have

like a little plugin for google chrome

and when people buy stuff from

Aliexpress they put it into like the

feve database and it shows you like how

many sales of regular consumers not

dropshippers so that tells us what

consumers are buying which is the first

thing the second thing that I do is I'll

just scour all like Aliexpress all day

night long and just all I'll do is I'll

go in start looking at the related

products and I'll also dive into the

vendors store so I'll see who's selling

it go to the vendor and look at their

other top sellers like their best

sellers because typically if I'm looking

for like got like an iPhone charger

Wireless iPhone charger I can go and

find one of the top vendors go into your

store and then these top sellers will be

the same exact product just in different

styles and variations and then the third

thing which is if this is more the

advanced but this is where people should

end up it's with an agent in China so

it's called the dropship agent what they

have multiple different roles but one

role you could have assigned to them is

going to these trade shows going to

these manufacturers and asking that

what's new and coming out and then these

dropship agents will text you typically

through WeChat and they'll send you

pictures of what's new like the actual

product and then you have first dibs of

those which is really cool before they

hit Aliexpress because there's a big

misconception that Bali expresses the

manufacturer know all the Express is the

supplier right so the supplier still

needs to go to the manufacturer all all

the Express is is suppliers they go to

the manufacturer they buy a bunch of

products that's why if you ever look at

an ollie Express vendor like if you go

to their vendor page they all have the

same related product they're not like

the Walmart of Aliexpress one particular

vendor it's because they go to a

manufacturer who specializes in

electronics and they'll buy in bulk and

it might be like 10 cents for a unit and

they'll sell it for 20 cents but they're

playing so much volume that we're able

to buy it for 20 cents and still sell it

out of profit but what a dropship a jiff

does is they'll go right to the

manufacturer is it dead no drop shipping

has been around way before I was born

and it will be around way after I'm gone

so drop shipping is very far from dead

but like I said in the beginning people

think it's dead because it's not as easy

as it was to make sales right it's

because more so not the market but the

consumer is changing the consumers are

always changing on how they enjoy

purchasing and the purchasing experience

before it used to be one touch right one

or two touches to go ahead of them

seeing an ad and by now it might require

five to eight which again makes it more

expensive for the advertisers like us so

even though we know it requires a little

bit more time for the user to see the ad

before they purchase now how do we

evolve with that right okay so it might

be more expensive so that means what we

have to operate in the red no that means

we have to start building out and using

different processes perhaps maybe post

sale sequences where if somebody

purchases something from your store

they're going to follow up emails with a

bunch of different products that are

related to what they purchase cart

abandonment you have up cell apps you

have retargeting post sale sequences of

so many purchases from you and they're

they're a buyer you can put them into

there all

little database and show them different

ads so that's how you have to evolve so

essentially even if it looks like you're

taking a loss on the very front end of

the sale you're still making all the

money in the back just like any other

business you're required to have capital

right now the lowest amount now in 2019

that I would suggest anybody to start

with is around seven eight hundred

dollars bare minimum to get to get

started with it if you asked me two

years ago I would have said Yankee get

started like two hundred three hundred

bucks but the market moves so now you

need a little bit more capital if you

don't have seven to eight hundred

dollars to really get started what I

suggest doing is finding the means and

even go through some Kevin's videos

he'll show you a bunch of different

strategies that you can use to make that

money

go ahead save up and then literally dive

in and start making money with the

business now if you have like two three

thousand you're good to go you'll find

you'll find a product that is a winner

and you're you'll be able to scale that

up and the second problem that is going

to occur if you like to three thousand

is once you find that winner you're

gonna have to figure out a way to get

more money to keep on scaling that

product that that's a good problem a

good problem to have so you know

probably it's doing really well you

don't have three thousand dollars but

after three thousand dollars you you've

made like eight nine thousand dollars

really oh my goodness where can I get

more money to keep spending yeah and

then you're gonna obviously the smart

way you know maybe take out a loan

whatever it is yeah so yeah and you can

get started with 0% APR credit cards

really like I got started with I got

started with credit cards for Amazon FBA

I borrowed 60 $100

I made that money back in a week after I

started selling right we made tons and

tons more than that reinvested it all

into our business and just continued to

grow it larger and larger and larger so

again guys Dan de Silva make sure you go

and subscribe to his channel turn on

notifications and if you want to learn

the best way to actually find viral

products then what you need to do right

here is check out this video right here

on Shopify product research where we

breakdown of the best ways to do product

research and find viral products with

Dan thanks again

see you guys soon what does something

mean just today I'm gonna reveal for the

very first time ever one of my absolute

favorite most top-secret coveted product

research strategies on Shopify

#Best Education Page #Online Earning

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