A-Z_Dropshipping_Roadmap
A-Z_Dropshipping_Roadmap
If you’re just starting out, this doc will give you some clarity on the roadmap from just
starting out, to making profitable revenue.
After reading, you’ll have a clear outline on steps to take & the order of knowledge
you’ll need to consume.
1. Dropshipping Fundamentals
Most of you will be aware, but dropshipping is just an area of eCommerce which
allows you to sell products online without holding any stock.
You’ve probably heard the term “dropshipping is dead” being used, or that it’s
oversaturated.
Dropshipping will never die, this method of fulfillment will always remain and even
today some of the biggest retailers in the world use the dropshipping model, such as
www.wayfair.co.uk.
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So why is dropshipping an amazing business model?
It’s low barrier to entry, requires no upfront stock investment & allows you to test
multiple products & niches at a minimal cost.
Instead of buying stock, you leverage suppliers (usually in the US or China) that
already hold stock. As soon as a customer buys from your website, they will ship it
directly to your customer without you having to even touch or see the product.
If you decide to freestyle things as I did, then that’ll require more budget- likely
$1500-$2000+
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If you’re tight on cash, then an alternative option would be to go down the TikTok
Organic route, where you can get started with less than $100. Just be aware that it’s
far less scalable as you’re reliant on an algorithm to make you go viral to generate
traffic to your website as opposed to paying for targeted traffic.
All of the above can work, but what I always strongly recommend is to have cashflow
(a source of income) outside of your starting budget.
It’ll allow you to feel less emotionally attached to the money which is something you
will need to learn to master if you have the ambition of building a 7 figure
dropshipping empire.
It will also allow you to start with meta ads from the get go. Leveraging paid ads on
meta is the quickest, most reliable, and most scalable strategy you can use & this is
the core focus within the E-Commerce Builders Community,
3. Finding A Product
Product is King - the key variable for success in eCommerce is the product that you
sell.
You can have a high converting site with amazing ads, but if your product doesn't
have product-market-fit then you won’t be profitable.
If you have product-market-fit, but your site & ads are shit - you can still scale like
crazy.
When starting out, never try to reinvent the wheel. The goal is to find something
that’s already started to build traction and use that as a foundation to build off and
improve upon. The majority of products that I’ve scaled to 6/7 figures were being
successfully sold by competitors before I started to test.
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Validating a product is an in-depth subject. But for starters look for the following
criteria:
Testing multiple products and failing to make sales is completely normal. If you want
to succeed with dropshipping, you need to accept that you'll lose money at first,
which you'll eventually make back as soon as you find your first winning product.
Head to the product research channel within the Discord server to find the most
up-to-date strategy that I am using.
If you are starting from a fresh and doing less than 5 orders per day, then use the
following:
1. CJ Dropshipping (my preference as shipping times are quicker than Ali,
although they don’t have as many products on their platform
2. AliExpress (the OG of dropshipping, literally has thousands of products,
although shipping times can be slightly longer)
(*As soon as you are receiving more than 5 orders per day, you want to work with an
agent in China. This will lower your cost of goods, decrease shipping times, and
most importantly you can start to brand your product. I give you access to my agent
& fulfillment center in the Discord, head to the ‘private agent/3PL’ channel)
As mentioned above, you want to ensure you can sell a product for at least 3x the
cost price. This will allow you enough margin to scale your ads whilst also taking into
account other miscellaneous costs.
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5. Building Your Store
You want to build a one product hybrid store. This is essentially having your full
website focused around one hero product, whilst having 1-3 additional products
which are used to compliment your main product & will be used as upsells to
maximize your profit-per-customer.
The goal here should always be to build a long term brand. I have brands which have
far exceeded seven-figures in revenue all whilst still leveraging cheap shipping costs
from China. It can be done.
Having a branded store will usually lead to cheaper advertising costs, a higher
conversion rate, repeat customers, and most importantly… longevity.
There’s nothing worse than being stuck in the dropshippers hamster wheel. Having
to launch new stores every few weeks/months. You want your efforts to compound.
Now let’s look at two examples, one that you should stay away from (general store), &
one that you should replicate (branded store)
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6. Driving Traffic
If less than $500 - use TikTok organic. I scaled a store back in 2020 to $500k+ using
just this method alone. Find some brands on TikTok that are killing the organic game
(filter to last 30 days) & study videos of products that have gone viral. What you want
to identify is the style of video & hook that they used. These can be brands/products
that are outside of your niche. Get 10-20 videos written down & start to create & apply
to your own product.
If there is product-market-fit you will have some videos that will hit & drive significant
traffic levels to your store. This is a good starting method to help build up your pot of
cash to start running paid traffic.
If more than $500 - you can start testing right away with paid ads. This is what I
highly recommend and what I teach within this community.
As mentioned above, meta is the best platform to advertise on if you want to see
profitable, sustainable results. Head to ‘THE SAUCE’ section in Discord to follow my
latest testing & scaling strategies.
Once you’re scaling on meta, then you want to go omni-channel & advertise across
all platforms.
7. Scaling
At this point, you’ve tested multiple products & have now landed on your winner. This
is where you now fully capitalize & make back any losses on the conducted tests, but
most importantly you make insane profit.
For me, this was back in 2018. I had around £2k in my bank, & I scaled my first winner
to over £100k profit… life changing stuff.
Once you have your winner, it’s important to keep the momentum.
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There are many scaling strategies that you can utilize to ramp up your sales, but
what’s even more important is building a back-end & systems which can support
scale & allow you to build a long-term sustainable business.
In the Discord server, we have multiple areas which can help you here:
8. Building Systems
Now you need to start building your team and a back-bone to your business to
ensure it doesn’t come crashing down.
The first hire you will want to make is a virtual-assistant. They will primarily assist you
in customer service to ensure all enquiries through email or social platforms are
being responded to.
VA’s can also assist you in other areas of the business such as managing creators for
content, managing your P&L & dealing with your supplier.
In addition to this, you will want to start working with an agent. You can contact my
agent in the Discord.
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9. Brand Building
Our goal here should be to fully brand the product & packaging and ensure that
receiving the product is a good customer experience.
By now you will be working with an agent, and you can start to bulk order custom
product/packaging.
Doing the above will start to separate you from the crowd of dropshippers & is the
first step forward in building a real brand.
Having proper branding across your site & within your ads will also significantly
increase your conversion rate as it instantly builds more trust with the customer. It’s a
worthwhile investment if you see long-term potential in a product.
Continue to scale your brand, introduce new SKUs, improve on product quality,
diversify marketing channels, build a community…there are countless levers you can
pull to scale further.
If you decide against the branding route, you can continue to build dropshipping
stores & create amazing cashflow. I typically have 3-4 stores running at one given
time.
10. Conclusion
You can see me pictured below in 2017, working 12 hours a day in a boiler suit.
Literally in the middle of nowhere, working away from home for 3 months at a time.
Pictured to the right is me back in 2020, picking up a fully specced brand new
Porsche Taycan Turbo S.
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This isn’t a flex at all, it's literally just to demonstrate what's possible with this
business model, shit can change fast.
It’s not easy though, it’s a rollercoaster full of obstacles. It's hard & it requires a lot of
sacrifice; most people aren't made for it.
Be persistent. Be one of the few who break out of the pattern and earn their
freedom.
For as long as you’re in E-Commerce Builders, I’m here to help you every step of the
way.
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