6 dropshipping mistakes that kept me unprofitable
820 segments
What's good friends and family? Welcome
back to another drop shipping video. And
I know my camera is [ __ ] dog [ __ ]
I'm going to get a new one. I know it
looks like a [ __ ] potato, but today
I'm going to just be talking about the
six biggest mistakes that have honestly
made me lose a lot of money in drop
shipping. And pushing past and learning
from all these mistakes is what allowed
me to actually succeed. And I know a lot
of people kind of have like a little
barrier they hit when they learn drop
shipping. They're like, "Fuck, like,
what do I do? Like, I don't know. Why
can't I make money?" And I guess these
are the six biggest things that I've
learned to actually cross that barrier.
So again, these are just some Q4 stores
that I've been starting to scale up for
Q4.
Just some refreshes so you guys know I'm
not a guru. Literally guys, like Q4 is
coming up and this is the easiest time
to make money this year. And like these
are all super new stores. I'm kind of
warming up before Q4 starts. And I
promise you guys, I'll literally be
coming back in a couple months showing
you how I did millions this Q4 with
these stores. So, now is the time. You
guys need to really pay attention to
these videos and just put into practice
what I'm teaching.
Okay, so back to this. Uh, let's keep it
quick. I'm not going to waste your time.
The first mistake, honestly, is not
understanding product saturation, right?
Ignore everything. Forget everything
you've been ever told about what a
saturated product is and all that stuff.
There's two types of people, right?
You've definitely heard this before.
One, oh, drop shipping saturated. All
the products are saturated. two,
saturation doesn't exist. Make good ads,
blah blah blah. Both are kind of right
in their own ways, right? Saturation
really doesn't exist, but there's a huge
butt. And what is that butt? Well, you
make better ads. You know, you learn how
to actually market and all that stuff.
But the problem is that doesn't really
apply to most people. Look at this right
here. Saturation doesn't exist if you're
[ __ ] really good at ecom and you have
a team and you have actual headcount to
rely on. But if you've done like
anything under like even like very low
eight figures, like honestly, you can't
market any single product that you want.
You're not good enough yet. And this
statement right here really just depends
on what level of ecom you're at. And I
would hear this when I was starting. I'd
watch YouTubers. I'd see on Twitter and
stuff people talking about, "Oh yeah,
saturation doesn't exist." And I'd go
and just test anything I thought was a
good product, right? You know, visual
problem solver, cogs are good, all that
stuff. But this thing right here is what
[ __ ] me the most. And that's cuz, you
know, if you see a good product and you
see a bunch of like competitors running
it up, scaling it, right? The
competition and stuff. And you know,
let's say they have like hundreds of
active ads. They're launching ads every
day and that type of stuff. I'll talk
more about that in a bit. But I would
try and compete with them, those people
launching hundreds of ads. And I'm just
a [ __ ] noob by myself. Like at that
time, like what am I going to do? I
didn't know how to market. I didn't have
a team. How can I compete with someone
who's launching hundreds of ads, has a
creative strategist, has a UGC team, all
this stuff? They have all these hires
and you're by yourself trying to compete
with them just because it's a good
product. You guys have to ask yourself
this, right? So, what does that mean? If
we kind of break it down, you have
beginner,
you have intermediate, and you have
advanced, right? Um, these are all like
kind of arbitrary, but if you're a
beginner, you kind of really want to
focus on untapped new products, right?
You're going to see a lot of these on
like Calo data, burner, that type of
stuff. And the way you know if they're
untapped is you check ad library for
competition, right? You just look up
your product, see how many competitors
there are. If you see there's a lot of
competitors, right? Scaling up ads, you
know, they're having really custom
content, they have voiceovers, UGC,
everything, ask yourself, can you
compete with that? This statement right
here, saturation doesn't exist, only
applies if you can improve something. So
ask yourself if you're a beginner, can
you improve upon someone who's already
scaling it up? They took all the good
ads. They have good custom content. Can
you really improve upon that? Probably
not. That's why it's good to do untapped
and new products. If you're
intermediate, right, you can do a mix of
untapped and kind of tapped products,
right? You know, maybe if someone's like
only relying on ripped content, you can
kind of come in, do some ripped, do some
custom content, compete a bit. Maybe if
they're a little new, like one to two
months only, their brand has been
running not that long, maybe you can
compete. But if there's a brand that has
everything, custom content UGC, same
thing like a beginner, right? If you're
competing against someone who has an
actual team while you're just some
newbie, intermediate, maybe done six
figures in revenue, you probably can't
compete with them. So for that case,
right, I would also recommend Callo
Burner, that type of stuff advanced,
right? You've done seven, eight figures
in ecom. At this point, you can
literally kind of test anything. This is
where the whole saturation isn't real
really applies to you. So if you're
here, right, you can literally do any of
the product research methods. You can do
ad library, burner method, all that type
of stuff. But it's really important to
ask yourself, what is the competition?
You know, how old is this product? And
can I improve upon something to break
into that market, right? If there's a
new product you see that's been a new
product to you, at least that you see
that's been around for like months or
even years and there's a lot of
competition, are you that good enough at
marketing where you can tap into a new
angle, a new market to bring that
product that's been around for years
back to life? Right? Cuz think about it,
regardless of if you know they've been
around for one, two years or there's
like 10, 20 competitors, regardless of
all that, you want to look at those two
things together and ask yourself, have
they tapped into everything that I can
possibly think of? And if they haven't,
can I reasonably tap into something new?
New angle, new market. Like I said, you
guys have to think of it this way,
right? If someone's been running a
product for a certain amount of time,
they are going to test a bunch of
things. If someone hits a winner,
they're going to test angles, ads,
everything. So, if someone's been
running long, right, the longer they've
been running, the more they've tested,
and that means the less you have to
break into with, right? So, you guys
have to ask yourself all these questions
and understand what product saturation
is. You want to understand what level of
saturation your product is at and how
much competition you can reasonably
compete with. Next thing, super basic,
wasting time on a landing page. I see
this with so many people, bro. They do a
homepage. They do a really fancy product
page, right? You know, you have the hero
section with your product, your offer,
and all this stuff. Then they'll have a
video slider right here. Then they'll
have 20 image with text right here. And
then they'll have a comparison table.
Then they'll have a review section.
Then they'll have a FAQ section. Like,
bro, you do not need to overdo this,
right? Like sure, this is good, but to
be honest, all that needs to be good is
this portion right here. You guys don't
really need to overdo is spending like
two hours making this whole section down
here. That's not what you want to do.
You want to make sure, right, you have a
good product, obviously. That means good
product, good product pictures, all that
visual. I've talked about it enough.
Good offer. Again, if you don't know
about this, go talk, go watch my other
videos. And that's all you really need.
everything else like this whole [ __ ]
right here. Um, obviously it matters,
but if you're gonna spend 20 minutes on
your hero section right here, right,
with your product pictures, your offer,
and all that stuff, and an hour down
here doing this, like you're [ __ ]
stupid. Like, what are you doing, bro?
Speed is everything, guys. So, what I
recommend is just have like a basic
template for one product that you use.
Let's say you tested a product, right?
Focus most of the time on here with your
product pictures, your offer, and that
type of stuff. And for this like bottom
fold section here where you have your
image with text, right? You have your
comparison table, reviews, FAQ. You
don't need to do all that. In fact, all
you really need is like one or two image
with text and like a little review
section, FAQ, and that's it. A lot of
people are like, "Oh yeah, I need to
install Luke's reviews. I need to have
like proper reviews." No, bro. You don't
need that. You can literally just use
like Shrine or some [ __ ] and just have
like a review slider where you just
write your reviews, like two or three,
and that's good. That's all you really
need. Like right here, this is what I'm
talking about. This little review
section right here, that's all you
[ __ ] need. You don't need to waste
your time scraping reviews and putting
it in. Like you don't. And a lot of
people are going to look at this and be
like, "Bro, what are you talking about?
Like your landing page is so important."
Guys, this is testing. When you see
validation, then you work on all of this
and make it really, really good. You
don't do all of that when you're
testing. When you're testing, all you're
seeing is validation. And you can scale
properly. You can get a bunch of sales
with just a pretty barebone site with a
good product, good product picture, good
offer and all that stuff. You don't need
to overdo it. The second you start
scaling, right, you're hitting those
multiple three figure days and all that
stuff, then you can start tweaking,
adding reviews, you know, adding
different sections based on psychology
and all that stuff. But speed is
everything. And why? If you're slow,
someone else is going to come in and
you're going to have more competition
and you're going to not be able to break
into it. Okay. Number three, validation
does not always mean money. What do I
mean by that? Just because you don't get
sales the first day doesn't mean the
product is cooked. Just because when
you're product researching and you don't
see a product doing [ __ ] 300k a month
doesn't mean it's [ __ ] right? So, let's
talk about it in two different ways. So,
there's validation in terms of product
research and validation in terms of
actually testing it, deciding if you
should cut or scale it. So, in terms of
product research, validation doesn't
always mean like, hey, this is selling
on Cal Data, this is selling on Tik Tok
shop, this is selling on ad library.
Your validation should simply come from
your drop shipping eye. What is that?
Again, go to my pre previous videos if
you don't know. But is it a good
product? Right? Is it solve a good
problem? Is it visual? Are the cogs
good? Is there a deep desire? All that
stuff.
When you are experienced enough at drop
shipping, you can look at really
untapped products. Whether it's just
scrolling on your Instagram, going deep
on the cal data. Um, you can find really
untapped products that aren't selling,
but you just look at them and you know
they're good. Right? When you do a lot
of ecom and you have a lot of stores,
you kind of realize there's a pattern to
it and it's really [ __ ] simple. Um, I
can right now for me, I can literally
look at a product. If you hide the
revenue, if you hide the views, I can
look at it and know if it's a winner.
And nine times out of 10, I'm pretty
sure I'm right. So, your drop shipping
eye is really, really important to hone
in on. And to develop it, you just got
to study winning stores more. Next,
outside of revenue, um, when you're on
burner method or you're just on like cow
data, look at views and look at
comments. This is pretty simple, so I'm
not going to talk too much about it. But
let's say you see a product that's not
selling that much. But let's say there's
good views and there's good comments.
Like everyone's asking, "Where can I get
this? This is so cool." The comments are
about the product, right? I talked about
this in my last video, but make sure the
comments are actually talking about the
product. They're showing interest.
They're like, "Where do I get it?"
That's validation there. And you combine
these two together to know if it's a
good product or a bad product without
ever looking at how much it's selling.
Next, when you're testing, what is
validation, right? Again, it's not just
sales, but testing is going to be like,
hey, my CPC is good, you know, my CTR is
good, my ad toarts are good. When I just
started, like I would always look at
validation in terms of am I getting
sales or not? Boom, cut, I'm not. But
you can look at your cost per clicks,
you can look at your clickthrough rates,
you can look at your ad to cards, you
can look at all these things and decide,
hey, there's no interest,
there's some interest, and there's a lot
of interest. So, if there's obviously no
interest, your CPC is going to be really
high. Your CTR is going to be low. But
if there's some or a lot of interest,
there's potential. Think about it. If
there's interest, they're clicking
through. They're interested. Why are
they not converting? Right? So, this
could go back down to offer product
picks, pricing, which is kind of a part
of your offer.
Offer/pricing.
It can be any of these things. I talk
about this a lot in my metrics video,
like my whole Facebook ads video, so you
can go check that out. But that's why
over here, right, I told you that
product, product picks, offer is way
more important because when they click,
this is all that's going to matter to
them, not these little [ __ ] sections
over here. So, being able to read this
and understand how can I improve and
should I cut this product or not is
super important. And I remember when I
was like starting out pretty early, I
would just like cut products when I
shouldn't have. And it's usually just
cuz like I didn't spend enough time on
the offer, the site. Um, so they
wouldn't convert and I thought, hey, the
product is just [ __ ] Um, like, you
know, my ads are [ __ ] I'm done. But in
reality, it's, you know, my offer, my
product picks, all that type of stuff.
Next, we have free cash flow. You guys
might not know what this term is, but
it's very, very important when you're
scaling. And I promise you, whether
you're scaling or you're going to start
scaling soon or you're just a beginner,
it's really important you understand
this. Um, a lot of people might get this
confused with profit. It's close, but
it's not exactly profit. Pretty much
your free cash flow is your profit that
takes into account money that's held.
So, your COGS, your ad spend, your
chargebacks, your returns, your
processing fees, all the money after
that, as well as money that's held. And
you're probably wondering what that
means. So, this basically takes into
account reserves as well as your profit
pretty much. And it basically takes your
profit and subtracts your reserves as
well, money that's held. If you're
wondering what reserves are, basically
Shopify can pay uh place like a 5, 10,
15, sometimes even up to like 30%
reserve on you where they hold this
amount of percentage of your funds each
time something is transacted. So let's
say you do a 100K month, right? Um
they're going to hold based on your
percentage, let's say it's 15%, they're
going to hold 15K for security. And this
is just so that you don't run away with
their money, right? Cuz let's say you do
100K and you transfer that 100K to a
bank account they can't they don't have
access to and you get a bunch of
chargebacks. They try billing you for
those chargebacks but they can't pull
anything from your bank account because
it has no money. Then what's going to
happen? Shopify has to bear the loss
themselves, send you to collections, all
that stuff. They don't want to do that.
They'd rather just hold a certain amount
of your money as like chargeback money,
refund money to protect themselves. And
this is unavoidable when you're scaling.
You will get this and it's usually for
anywhere from like 30 to 90 days
depending on like your chargebacks at
that time and all that stuff. Um, so
you're probably wondering like, "Okay,
it sounds pretty simple. Like that's not
that deep." But the problem is drop
shippers already suck at profit
tracking. Like a lot of drop shippers
will be like, "Oh yeah, I'm doing 30%
margin. Like I'm making hella money."
But when they see the bank account,
there's nothing. And that's usually just
because profit tracking itself is done
horribly. People just look at profit
trackers and assume that's their profit.
That's not the case. You have to
consider processing fees, right? Which
is going to be about like 2 to 3% for
most of you guys. Chargebacks and
refunds. Um, these literally come from
your profits. Minimum this is going to
be about like 5% if you're like scaling.
Like you have to take into consideration
all these things, right? This is already
almost 10% that most drop shippers don't
consider. They also don't half time they
don't calculate their costs correctly.
But on top of this, right, they'll do
this wrong. And then on top of this,
they'll have a reserve as well. And why
does that matter? Well, you're going to
[ __ ] spend on ads, right? You're
going to have a card to pay off. You
might increase the ad spend. You might
buy more inventory to forecast your
sales. You might hire a new agency to
make creatives for you. You know, you
might do these things. You might even
[ __ ] buy a car, right? But if you do
this incorrectly and you don't even
consider your reserve, you're like,
"Hey, you know, I've made 100k profit
this month." But you don't take into
consideration your fees, your
chargebacks, and all this stuff. Okay,
this is almost 10%, right? Let's say 8%.
Boom. You lost another 8K that you
didn't track. And let's say you have a
20% reserve. You lost another 20k that
you didn't track. So, let's say you
decide to spend this 100k on a car, some
hires, and it ends up totaling to like
90k,
but 20k of that isn't on hand. You only
have 80k on hand. How are you going to
pay this off? Your 10k in debt. You see
what I mean? This is very [ __ ]
important because as you scale higher
and higher and higher, each decision you
make is going to cost more and more and
more. And these reserves will also
affect you more and more, right? cuz a
15% reserve on a 100k a month is nothing
compared to a 15% reserve on a
million-doll month. And this was a huge
mistake I made on my first brand that I
sold. Um, I talked about it earlier on
in my channel. I had over 300 grand held
at one point and I made stupid
decisions. I made hires. I bought hella
inventory and I couldn't pay it off and
I had to kind of ask my supplier and
like go into a very scary situation to
kind of get that all cleared up. I don't
want to talk too much about that, but
don't end up in there. Otherwise, you
are going to be in debt and you're going
to want to rope yourself and your credit
score is going to be 200 and you can
never buy a Lamborghini. Next, bad
supplier, product quality, all that
stuff. Very straightforward. You want to
make sure products actually good. Low
COGS is not what you should be shooting
for. Like, obviously, you want low COGS,
but you don't want to sell some plastic
piece of [ __ ] if that's not what they're
expecting. Low quality and lower price,
please. Like, that's not the route you
guys want to go. sacrifice a couple
dollars extra for higher product
quality. Cuz let's say you buy some
lowquality [ __ ] and you save [ __ ]
three bucks per order, but that
lowquality product ends up giving you a
[ __ ] 5% chargeback rate and another
5% return rate. Okay, great. You just
lost 10% of your sales because you
wanted to save three [ __ ] dollars per
order. Instead of doing that, if you buy
a high quality product that might cost
you an extra $3, your chargeback will
maybe be like less than 1%, your refunds
will be less than 5% and you save out on
that 10% margin that you could have
[ __ ] lost. So product quality is
super important. And if you have a lot
of CBS, right, if you have a lot of
them, instead of 1%, if it's like 5%,
you're going to get kicked off of
Shopify payments or you can just get a
really really big reserve. You can get
even like a 30% reserve if your
chargebacks are high. So quality matters
a lot. Shipping times. A lot of
suppliers will get overloaded with a
[ __ ] ton of clients and they'll just
forget about your store and not ship
anything and they'll wait, you know,
seven to 10 days just to send the damn
product from China. And on top of that,
they won't even hide the tracking
numbers and they'll just show the China
tracking numbers to the customers. You
do this, boom, you're going to have a 5%
chargeback rate. You're done. Goodbye
Shopify payments. Hello, 30% reserve.
All this stuff. Forecasting. A good
supplier is going to front you money to
buy inventory. They're not going to be
like, "Okay, send me a $10,000 bill,
then I'll buy your stock." My supplier
will front me over $300,000 of inventory
before I pay. And that's cuz she knows
Shopify has a delay. It's going to take
some time for me to get the money. So,
she's just going to front me this
forecast this much of inventory cuz she
knows I'm going to sell it. If I'm
selling, let's say, 10 20k worth of
inventory a day, right? even more. My
supplier and your supplier should be
good enough where she will just go ahead
and buy you a certain amount of stock so
that she doesn't have to wait for you to
pay her and that's going to mean longer
shipping times and your customers are
going to be mad and your chargeback rate
is going to go up. Instead of doing
that, a good supplier is just going to
buy the inventory and trust you to pay
and you build that relationship over
time as well. Customization. Um, this
doesn't really have to do too much with
the supplier, but you want a supplier
with good communication. Um, because you
wanted to go to all the factories,
right? Let's say you're drop shipping a
product. you're drop shipping a product
and you want to customize it, add a new
mechanism. Let's say there's a product
you're selling and your competitors are
having a lot of negative reviews saying,
"Hey, this doesn't work, blah blah
blah." You want to be able to like talk
to your supplier and like have them be
able to communicate with factories to
customize your product, get a good price
for and all that stuff. This is going to
ultimately give you a better exit, which
I'm not going to talk too much about,
but honestly, these three are way more
important. They're going to be the most
important things. And with me, my first
brand I sold, I basically customized it
and held stock in the US. And I had to
do a lot of forecasting. I had to do a
lot of customization. And if I had a bad
supplier, I would not be able to do any
of these things. I would not be able to
forecast inventory. I had to ship to the
US. I would not be able to customize it.
She'd probably [ __ ] take 20 years to
ship my products, and I wouldn't even be
able to sell it. Like, it would be so
bad, bro, if you had a bad supplier. So,
you really need a good supplier. A lot
of you guys are probably wondering,
"Where do I get it?" Unfortunately,
guys, I do not going to I'm not going to
give out my supplier just cuz she is a
one ina million supplier. She helped me
customize [ __ ] She spotted me 300k. I'm
not trying to hand her out to the public
and have somebody scam her when she's
going to forecast your inventory and
stuff for you. So, only give it to
people in my membership. Um, if you want
to apply, you can book. There's a
one-on-one application down below. All
my like connects, agencies, suppliers,
hires, all that stuff are going to be in
that membership, all included for free.
So, if you guys want that, you guys can
apply. If not, like be really careful,
guys. I'm not going to put Zenropper or
AutoDS [ __ ] in my description
because that [ __ ] is just not a good
service. So ask around, make
connections, you'll find a good supplier
because that's how I found my through
connections. Next, scared to spend money
because you're a [ __ ] ass [ __ ] Bro,
when I started, I literally had 6 cents
in my bank account and I had to do some
unspeakable things to make the money,
okay? I was not sucking dick, but I had
to do some crazy things to make 2K just
to test products. And I was already at
such a low point. I had no [ __ ]
money. I was like, "Fuck it, bro. If I
go back to zero, I'll just kill myself."
Right? So, you have to be in the
trenches to kind of learn this
mentality. But you can't be scared to
spend money. Like, literally read this
[ __ ] College isn't bad, guys. I went to
college. I literally went to UC Davis.
But if you are going to go to college
and you're scared to spend money on a
product test, you're [ __ ] [ __ ]
bro. And when I started, right, um I
wasn't necessarily scared to spend money
on product tests. But when I did find a
winner, I was scared to reach out for
advice. I was scared to make hires. I
was scared to spend money to grow my
business. Whether you're testing,
whether you're scaling, you need to
spend [ __ ] money. If you're just
testing, right, you need to spend money
on products. You can spend money on
information, right? I'm not telling you
to [ __ ] buy my mentorship, but I'm
saying like if you see someone you want
to buy a mentorship from or you want to
pay them for a call or something, like
do it. Knowledge is more important than
just saving $100 in your bank account.
And if you're scaling, right, don't be
scared to pay your employees. You know,
if you hire a creative strategist to
make your ads, pay them 4 5k a month.
Offer bonuses. Give your customer
service team random bonuses to keep them
motivated. Like, I'm sure you guys to
heard I'm sure you guys have heard this,
but to make money, you need to spend
money. You can't be a [ __ ] guys. Like,
I'm going to make a mentality video
sometime, probably next video, honestly,
cuz it's so important. But I've just
seen so many people scared to just spend
money on tests, spend money on hires,
and all this stuff. And the reason for
that, I think honestly, is just cuz
they're scared of failing. They're going
to assume it's going to be an endless
loop and they're going to go into debt
and lose all their money. So, let's say
you're in the testing phase. You're a
newbie and you're testing products and
you're like, "Oh, I'm scared and drop
shipping is not going to work." And
let's say you're like minus $150 here
and then you make like 20 bucks and then
you're down like another 150 from ads.
Maybe make like 10 bucks. You're down
like [ __ ] 300. Like a lot of people
in this position be like, "Fuck, I'm
close to zeroing out my bank account.
I've never seen this much money come
into play." And a lot of this is because
people are so used to jobs and education
where things are guaranteed. The fear of
uncertainty stops people. When they're
at these points right here where they're
losing money and they're at rock bottom,
they're like, "Fuck." Like, you know,
nothing's guaranteed. Like in school,
I'm so used to just reading a textbook,
regurgitating my information, and
getting rewarded for it. I'm used to
flipping patties and getting awarded
[ __ ] $100 at the end of the day.
Everything is guaranteed. And with that
psychology, when you're hit with losing,
you know, a good chunk of your money and
you're hit with the fear of the unknown,
you're going to be [ __ ] scared. But
anyone who's made it with drop shipping
knows you literally go from zero to 100
and you can literally make 100k profit
out of nowhere. So this is literally
what a good winning product looks like.
Especially if you apply the [ __ ] I say.
You can make all this money back. But
imagine you stopped right here at one of
these points right here cuz you were
scared. But you know, you don't like
that meme. Hold up, I need to pull this
up. Like you guys have seen this meme,
right? Like this is literally drop
shipping, bro. Like imagine right here.
You're about to hit the diamonds where
you're like, "No, I lost $500,000. I'm
done." But look at this [ __ ] He
gave up. Boom. Left. But this dude, he's
in the trenches and he's about to eat
big. He's about to eat good. 100k right
here. This is literally the life of a
drop shipper. And on top of that, when
you're scaling, right, I've seen people
who go through this and still get scared
to spend money when they're scaling.
Like especially when you're scaling,
those are the people that need to
completely kill this fear of spending
money. Like I said, hires, info, ad
spend,
like all these things. You can't be
scared. You need to take risks. And the
more you make money, the more risks you
have to take. And that's why successful
people always are never scared of
spending money. They'll literally drop
$1,000 like it's nothing because they
know the return on investment on such a
small amount, right? Like if if you're
scaling, obviously like $1,000 really
isn't that much. Maybe to people
testing, but whether you're scaling or
testing, $150 isn't that much in the
grand scheme of things to how much money
you can make. Same thing here. Spending
$1,000 on a hire that could potentially
make you an extra 100K a month is
nothing. So getting over that fear is
super important. I had to learn the hard
way kind of, but I was blessed enough to
hit rock bottom already with 6 cents in
my bank account, so I wasn't even scared
of nothing. But this is a mistake I kind
of learned when I was scaling. So please
don't be scared, guys. Besides that,
guys, that's kind of it. Um, yeah, bro.
Like, these are the biggest mistakes
I've made, honestly. I can kind of
summarize it real quick for this guys.
The mistake here was just I was testing
the wrong products. I didn't have the
right eye. Wasting time on sites. People
would just launch products faster than
me and I couldn't catch on to them in
time. You know, validation as well. This
is kind of same thing as like product,
my product eye. It was just [ __ ] and I
didn't know what a good product was. I
didn't know what to do when I was
getting a lot of good sessions but not
enough sales. this stuff, bro. I just
wasn't profit tracking correctly. Ended
up in scary situations where I thought I
was in debt. Bad supplier, right? I got
lucky with mine, but a lot of people
will go through a good product, right?
They'll get a good product, but the
supplier will just [ __ ] them over and
make them lose a lot of money.
Obviously, this this is going to lose
you the most amount of money in the long
term. So, stop being a [ __ ] ass [ __ ]
and go make some [ __ ] money, bro. See
you guys in the next video. Goodbye.
Ask follow-up questions or revisit key timestamps.
The video outlines six common mistakes in dropshipping that can lead to significant financial losses. These include misjudging product saturation based on experience level, over-investing time in perfecting landing pages during initial testing, misinterpreting validation beyond immediate sales, failing to account for free cash flow and payment reserves, choosing poor suppliers leading to low product quality and bad shipping, and being afraid to spend money on necessary investments for growth. The speaker emphasizes that overcoming these mental and operational barriers is essential for dropshipping success.
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