The FASTEST To Make Money With Dropshipping Tutorial For Beginners! (2019) #Best Education Page #Online Earning

what's going on guys welcome back to

another video in today's video I'm gonna

take you through the best way to make

$500 or more with the drop shipping

method as a beginner now this is a

method that I've been using recently and

it works extremely well now if you don't

know who I am my name is Franklin and I

run a blog called EECOM Lee it's one of

the biggest e-commerce blogs online

teaching people how to make money with

the drop shipping method now e-commerce

is growing at an astounding rate it is

worth billions of dollars per year it's

only getting better and I'm doing this

video to help you understand the

e-commerce drop shipping and how you can

actually get a piece of that pie so if

you want to learn how to do drop

shipping guys make sure you smash I like

on this video and what we'll do now is

jump in and I'll kind of explain to you

what drop shipping is and how you can go

and make over five hundred dollars per

day doing this particular method so how

does drop should be work we'll briefly

go over there for a second so drop

shipping is a method where you find the

supplier they send the product to

someone that has purchased that product

from you now you don't have to touch the

product that's the best thing so you can

literally go and promote a product that

you've spent no money on getting and you

can go and make money from that product

you're essentially a middle man now the

reason this method is so good is because

you don't need to buy a products in bulk

you don't need to hold stock or anything

like that and I used to actually do that

before drop shipping was a big thing I

used to buy products and bulk spend

thousands of dollars and I don't always

have products sitting there because no

one wanted to buy them that's why drop

shipping is a very lucrative business

model and it's quite easy to start for

beginners and that's why a lot of people

want to jump into this particular method

so how do you start guys this is

basically if you're literally a beginner

and you don't know where to start with

drop shipping this is what I recommend

you do and we need to do this in steps

and take our time and go through this so

you can understand how this actually

works okay so step number one is simple

we need to find products that are going

to obviously make us money now there's

two ways you can do this number one you

can basically go and just stab in the

dark and randomly go and promote

products and you don't know if they're

gonna win or not now that does work but

it takes a long time and there's a lot

of homework involved or you can actually

go on find products that are already

working already making money and it

literally cuts out a lot of homework and

you can start making money straight away

and it just makes sense

why try and promote stuff that's not

working right now

when you can find stuff that's working

and you can actually promote that and

start making money so number one as

products that make money what you want

to do I'm going to leave a video below

with a product research tutorial but

essentially you want to go to Facebook

and put in things in the search bar like

50% off and free shipping and what it's

going to do is bring up videos that are

actually you know I'm ads that are

running right now you click on the video

tab and you'll see here we've got a

hundred and three thousand views in the

last week one hundred seventy seven

thousand views in the last week we've

got one hundred and thirty one views in

the land in the last week we've got six

hundred seventy six K views here and

we've got three hundred and seventy five

K views and three weeks now that's the

criteria you want to go off buy products

that have a lot of views in a small

amount of time because it means that

people are spending money and they're

spending money because these products

are making them money okay they're

getting making a profit and return

that's the critical part so you want to

go find products that are actually

working okay and to do that go and do

this and I'll leave a video down below

with a actual product research tutorial

because that's not what this particular

video is about

now the next step guys is what we call

product criteria now every single

product you find on Facebook they might

not meet a specific criteria now the

criteria that I go for is number one it

should be in a passionate niche now the

reason I've got an Asterix there is

because it doesn't have to be in a

patient ish but if it isn't a passionate

niche like pH fishing hunting something

that people have a passion about you've

got a really good chance of that making

you a lot of money but it doesn't have

to be in a passionate niche the next one

goes is a problem-solving product this

is a must you need a product that solves

a problem

okay people way satyam you know what's

the best way to make money online find a

problem offer a solution okay so problem

solving product and the current ads must

grab your attention so if you've gone

and look at these ads that are already

running you want to make sure that they

actually grab your attention because if

they grab your attention they're gonna

grab your customers attention as well

and products you can actually sell for a

good markup so what a big mistake that

people do is I'll go find a product for

a dollar and they'll go and promote it

for five dollars you're only making $4

per sale you've got to take out your

advertising cost and things are there

you only

making like $1 and you've gotta sell

thousands to make $1000 right it's crazy

so you want to make sure the product has

a good markup I'm sir I'm talking about

find a product for four dollars sell it

for thirty forty fifty dollars you want

to make good money with this and you

want to make it quickly and you're not

going to get to five hundred dollars per

day with one two dollar profit margins

it's just not going to happen now once

you've got the criteria down you found

something you want to promote you want

to make sure that the places that you

get your products from they actually

have it in stock so there's two places

you can go to okay

the first one is called ass pocket CO

now the good thing about this one is

it's USA and United Kingdom and Canada

suppliers so the shipping times are a

lot shorter and this is it here it's

essentially like a merlot and it just

imports products from America and Canada

and United Kingdom so shipping times a

quicker but there's a downside the

prices are a lot more expensive

as you can see eight dollars per unit

twenty four dollars per unit a dollar

per unit a dollar per unit here so your

margins are a lot smaller but shipping

times are quicker and then you've also

got le Express which is the usual one

from China the good thing about le

Express everything's really cheap

however the shipping times are a little

bit longer but I would probably go of L

Express butts pocket is also a good one

as well so once you've got your products

that laid down guys you need to actually

start creating the material for

marketing so the marketing material now

there's two ways to do this you really

want to start with a video that's really

you know out of the question

anything else is out of the question you

want to start with a video so there's

two ways you can do this if you're a

beginner I recommend you go and find

photos from the product on an experience

or sprocket or whatever and then you

mesh them together by using a platform

called Camtasia or another video

platform okay that's the best for

beginners because you're not gonna have

a lot of money to go and get

professional videos created however once

you scale you will you will want to get

some professional videos created and you

can do something like dropship vids fast

actually do they interview off the owner

of this you can check it out below in my

blog and we go over the product and

things like that so what you want to do

first is mesh images together premium

people actually do that once you start

to make a lot of

and you start to get more profit coming

in you will want to pay someone to do a

good video for you or do it yourself if

you know how to do that so that's

content guys you need to actually go out

and create some content and it needs to

be a video and when you're starting to

smash em just together okay now the next

step is probably the most important

obviously is the traffic you need to

send traffic to your store now the best

thing about online guys is you don't

have to pay lots of rent so for example

if you're a retail store you pay

thousands of dollars a month and rent

and if you're going to rely on people to

come to you walks walk down the road and

see your store and things like that

online we could literally control who

sees our products okay we can go and

target dog niche or your pet near shore

fishing niche we can put our edge in

front of people that actually care about

our product and can potentially want to

buy our product that's why this stuff is

so profitable because we don't have to

spend so much money on our products up

front and we can put our ads and

products in front of people that

actually care in a very niche specific

to our product okay

so traffic is the most important part so

make sure you listen carefully because

this is method that we've been using and

it works extremely well so the first

thing we do need to kind of cover though

that's really important a lot of people

don't really understand this now do

apologize guys that you can hear rain

and thunder there's a storm here but

anyway what this is something that a lot

of people don't understand okay and this

holds them back you need to spend money

to make money so for example if you want

to make $500 plus per day and let's say

your profit margin is 20% so you make

$100 profit that that's the thing like

you need to actually spend $500 per day

to make $100 profit and the same with

25% as $125 you need to spend $500 what

a lot of people do if they'll spend like

a hundred or two hundred dollars now

make like 30 $40 profit but others

doesn't work you need to spend money to

make profit this is really critical and

a spit like when you're starting it's

going to be slow you're not gonna make

much money but once you start to get

data and scale up you start to make

profit really really quickly but a lot

of people don't get to that point they

quit straightaway this isn't a

get-rich-quick scheme you know where I

say make five hundred dollars a day you

will eventually but it does take a

little bit of

time to get there so let's jump into the

important stuff phase one is what we

call data collection okay

we need to collect data when you start a

store or something can you know you go

and run ads Facebook has no idea about

anything about you it doesn't know

nothing it's got to collect data by

using what we call a pixel so we need to

collect data the more you collect the

more money you will make

now there's a disclaimer here the method

that we're about to talk about there's

only one method that I use and other

people use there's hundreds of different

methods you can use I use different ones

as well so I don't want people saying

over Franklin you said something

different in the last video or something

like that we test things all the time so

there's different methods and stuff like

that so this might work for some people

it might not work for other people but

this is what's working for me right now

and it is working for other people I

know in the industry okay so number one

data collection what we are doing right

now is we're going out and starting an

engagement ad and all we're wanting to

do is get lots of engagement so we can

create what we call look-alike audiences

so what I do is I'll go create a couple

of ads and are basically target a real

broad nation so if I have like a dog

collar or some sort of dog product or

cat product or a general pip product

I'll go and target just pips

that's it and this goes against other

methods I've talked about in the past

guys but like I said we test a lot of

different methods and I'll go and target

just pits and what I'll do is I'll kill

a Tasmanian an so all I'm doing is the

reason we do engagement is because you

get video views really really cheap for

like pennies cents or whatever you get

it really cheap

so I build up all of these video views

for cheap I spend maybe 100 to 300

dollars or whatever I brought up all of

these views for cheap and then I create

what are called video view look-alike

audiences I create audiences based on

the people that have viewed the video so

Facebook will go and create these

audiences with people that are viewed

the video and there'll be a percentage

of how much they viewed we're collecting

the data and the best way to collect the

data is to go and do engagement because

it's cheaper data and we get it quickly

okay so once Facebook's actually gone

down and started click to me data I

still let this run in the back

but then what I do they start to split

tests and things like that okay so the

first thing I usually do is I go and

create what we call a conversion ad and

I optimize for ad to cut and we'll talk

about another optimization method in a

second but I optimize for ad to cut and

then I go and target that look-alike

audience of video views and I target

people that watch 95% there's also 75%

things are there you can also test those

as well and I'll target a more specific

interest inside that niche so let's say

I'm I'm promoting a general Pitts

product I don't know what it can be like

this is just topped off my head

but let's say I'm promoting a product

that can work for both cats and dogs

some sort of product I'll then narrow it

down because I know that these people

watch 95% of the video so they're really

into the product and now I can target

down specific niches and I can start

split testing all right so that's what I

do there then I also do a purchase one

as well and I run it beside the Add to

Cart so I'll do conversions and

optimized for purchase now a lot of

people say just go straight to purchase

Add to Cart to no point you've got to

remember that Facebook goes out and it's

like okay we're going to go and try and

find people that are most likely to Add

to Cart and it doesn't stop there just

because someone adds to cart it doesn't

mean they're going to leave Facebook

doesn't know if they're gonna purchase

or not Facebook just knows that they're

going to Add to Cart

so people are still going to purchase on

Add to Cart and sometimes you get sales

for a lot cheaper than you would on a

purchase it just depends so I run these

side by side and I see what one works

the best so yes you will have a lot of

ads and things like that

but that's essentially what we do

sometimes when I test products we have

over a hundred ads or over 50 ads but

just remember you cut ads really quickly

so essentially you don't spend a lot of

money because you only stick with the

ones that are actually working so that's

how I start the ads guys I first do

engagement I build up look-alike

audiences based off video views for a

really broad interest then I run

conversion ads back to a look-alike

audience of ninety five percent when I

start and you can also test other

percentages as well however 95 is really

the best you can get and then I narrowed

down the interest if I can okay and I do

a Add to Cart and a purchase

side-by-side

next step guys is kind of like what do

you cut how do you know it's working how

do you know what's not working I always

go off product price okay so the

products twenty dollars I'll spend

thirty to forty dollars per ad set like

40 at the most if I don't get a sale I'm

just going to cut it because I know it's

not going to be profitable if I'm

spending nearly double the money and I

have of the product price and I haven't

had a sale I'm just going to cut that

particular ad set and I'm not even going

to worry about it and so I'll spin like

thirty I'll assess it if I got some kind

of good stats I might run it to 40

if I hit 40 even if I have good stats I

have no sales I'm gonna cut it okay

let's just just do that trust me because

you're just gonna like don't get

emotionally attached to add sets and

products if they're not going to work

they're not gonna work you have to cut

it you're gonna waste money okay so take

your product cost so take your product

and how much you're selling it for and

then kind of go fifty percent or a

hundred percent and then cut it now the

price does depend if you're obviously

selling a product like five dollars or

six dollars which don't recommend you

can't spend a little bit more but you

just got to remember that if you're

spending fifty percent to 100 percent

more than what your product is worth and

you're getting no sales no one really

cares about your product okay so that's

that there I basically cut the products

that are spinning more than what the

products actually worth okay because

we're trying to make a profit and you

kind of go back to the 80/20 percent

rule like basically in business online

if you can spend eighty percent and make

back twenty percent profit then you're

doing really well and what I mean by

that is if you spent a hundred dollars

and you make twenty dollars in profit

you're doing good or eighty dollars and

you make smiles and profit it's got that

80/20 rule I don't really use it in the

e-commerce space but you can use it in

the e-commerce space space if you like

but you need to remember that in

commerce right this there's kind of

these low profit margins like you're

looking at 15 20 30 40 45 percent SAR

really high they're low profit margins

so what a lot of people think is oh I'm

gonna go spend $500 or make 500 back

that's not the case with the e-commerce

in most cases

now the next step guys is how do i scale

so this is kind of like a real tricky

thing for a lot of people is how do you

scale now sometimes I increase

surprise on the original ad set but I'm

quite proficient at this and I know how

to do it properly if you're a beginner

don't do that because it resets

everything so what you want to do is

once you have a winner

that's actually making new sales and you

want to increase the price if I say from

like $40 a day to $100 a day or go into

manual bidding or something you want to

duplicate that Adsit so let's say you

have an EDI rating from 40 you want to

duplicate it into $100 per day and then

just leave it because it's essentially

starting again as well but it's starting

again with its own fresh data and

everything like that and you're not

going to be messing up the data on the

original edge set and just leave the

original ad set now sometimes you need

to placate it might not run very well

you can always just close it off cancel

it and then you've still got the one

edge set still there that's making you

sales okay

now also what happens is sometimes they

will overlap each other so let's say ad

sit once making you a couple of sales

but edit it to if your hundred dollars

per day is making you heaps of sales

then you can go back and pause the

original one just as long as it's got

consistency okay the ad seats need to

have consistency to keep running and

make you money alright but don't change

the original ad set too much and when

you do do changes duplicate it into a

new ad sit all right guys this is really

one of the best ways to make 500 a loan

without shipping right now it's the

methods that I am using and I use lots

of other methods and if you want to

learn more about drop shipping how to

make money online with drop shipping

click the videos on the right there will

be a video you can go and watch right

now and how to make $300 a day with the

drop shipping and I'll also leave a

playlist that you can go and look

through is completely free step-by-step

tutorial on how to style your own drop

shipping business don't forget to

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video on the right

#Best Education Page #Online Earning

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