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This short little clip 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
You find the winning product
You get traffic to your website via paid ads on Facebook and Instagram
You pocket the difference – aka retail arbitrage
So why won’t dropshipping last?
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?
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
Find an underserved niche
Have a personal brand
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Taxi Driver (1976)
It’s Always Sunny in Philadelphia
Now You See Me (2013)
The Untouchables (1987)
The Big Short
The Irishman (2019)
The Hurt Locker (2008)
Batman The Dark Knight (2008)
The Wolf of Wall Street
Blade Runner 2049 (2017)
Cadillac Man (1990)
Catch Me If You Can
Two For the Money (2005)
Black Mass (2015)
Juan RIOS – Petricor https://soundcloud.com/juan-rios-beats
Ian Ewing – seltzy https://soundcloud.com/ianewingmke
Osvaldo – Embers in the Dark https://soundcloud.com/osvaldo_la
Strehlow – Mila Coolness https://www.soundcloud.com/strehlow
Sugiwa – Je T’aime https://soundcloud.com/sugiwa
Closer to Me – idealism https://idealismus.bandcamp.com/music
Music by Chillhop: http://chillhop.com/listen
Listen on Spotify: http://bit.ly/ChillhopSpotify
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DISCLAIMER: These videos are for entertainment purposes only. This is not meant to be financial advice. Please always do your due diligence and never stop learning. Best of luck!
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