So you’ve been selling products on Amazon and fulfilling the orders using eBay as a dropshipper. This is quite a unique business we’re running here. Until you see it with your own eyes, you can’t believe it would actually work.
Nevertheless, it works.
Here’s what I don’t know… I don’t know if this strategy worked 5 years ago. Just like I don’t know if it will work 5 years from now.
Based on what I don’t know, I will milk this opportunity for as long as possible. And so should you.
What we have is an opportunity to liberate ourselves from our day job. Not immediately, but over time we can build a drop-ship business that generates several thousand dollars every single month.
From there, we can begin to invest in educating ourselves.
Don’t get tricked into believing this drop-ship to Amazon business will always be here. Don’t be surprised when your “cheese“ gets moved. As it usually gets moved when you least expect it.
Instead, use this opportunity as a stepping stone to build a real, profitable online store. A store no one will be able to take from you.
It won’t be easy. But who said life was supposed to be easy. The harder it is, the more satisfying the reward.
For a step-by-step guide on how to create a profitable online store, check out Steve Chou’s interactive course. This course has hundreds of step-by-step training videos on how to build your online store, and how to make it profitable.
Plus, he has live training every single week; where he has a guest speaker share their wins and challenges in eCommerce.
Steve’s Course is affordable, but it isn’t cheap. The price is $800 for a lifetime membership. If you don’t have $800, Steve will also accept 10 monthly payments of $99. Which is a remarkable deal.
Even if you have the $800, I would recommend signing up for the monthly plan. In my opinion, the first 10 months of starting your business are going to be the most challenging.
I find it helpful to have a monthly reminder of the investment and the commitment I made to myself.
If you’re just dabbling in the idea of starting an eCommerce business, and don’t feel comfortable making such a big commitment, I recommend you start by using the techniques we discuss on this blog; regarding selling on Amazon, drop-shipping from eBay.
There is no better way to get your feet wet, without hurting your wallet. There’s no actual investment. Although, you do need a credit card to front the purchases, until Amazon runs payroll every 2 weeks.
The best part is, there’s always a hefty profit left at the end of the month. Here is my sales tracker spreadsheet for the month of June.
The profit has been a little lower than previous months, but still worth doing. $2,400 bucks is nothing to scoff at. And look at the margin percentage. Nearly 30%. That’s great even for sourcing your own products, let alone; drop-shipping.
The best part about this, is that I didn’t have to do any of it. My virtual assistant handled everything. From fulfilling orders on a daily basis to responding to customer’s needs. Not only that, but she helps with website development, data entry, internet research and an endless list of productive tasks.
I was able to hire my full-time virtual assistant with the help of the “replace myself program.” This program specialises in guiding you through the process of, not only hiring your VA, but training them too.
Having your own, full-time virtual assistant is the only way to grow your business exponentially. There’s only so much you can do on your own. Especially if you have a full time job. We’re not super people, and we’re not expected to be. There’s nothing wrong with hiring affordable help.
My new goal is to help 100 people make $1,000 per month, in perpetuity. Once you reach that goal, I want you to start investing in educating yourself. It all starts with Steve Chou’s course. This step requires both time and money.
A few months after that, after you’ve been learning and growing your business; invest in a full-time virtual assistant. You can thank me later.
As you fulfill your drop-shipping orders from eBay to Amazon, it would be awesome if you clicked my eBay ad before making each of your purchases. By doing so, you are showing gratitude for this blog, thus making me eternally grateful.
As a reminder, you can currently pre-order my new eBook: “The 60 day guide to $1,000 in monthly income. How to leverage eBay & Amazon and never touch any inventory.” Available for download on July 15, 2015.
Thank you so much to everyone who has already pre-ordered their copy. It means everything to me.
Until next time, thank you for being you.