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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
People buy
You pocket the difference – aka retail arbitrage
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
———————–
All materials in these videos are used for educational purposes and fall within the guidelines of fair use. No copyright infringement intended. If you are or represent the copyright owner of materials used in this video and have a problem with the use of said material, please send me an email, jake@jaketran.io, and we can sort it out.
Visuals:
South Park
Taxi Driver (1976)
It’s Always Sunny in Philadelphia
Now You See Me (2013)
The Departed
The Untouchables (1987)
Blow (2001)
The Big Short
The Irishman (2019)
Chernobyl (2019)
The Hurt Locker (2008)
Batman The Dark Knight (2008)
Spongebob
The Wolf of Wall Street
Blade Runner 2049 (2017)
Cadillac Man (1990)
Interstellar
Catch Me If You Can
Two For the Money (2005)
Black Mass (2015)
Sound:
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
Copyright © 2020 Jake Tran. All rights reserved.
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!
AFFILIATE DISCLOSURE: Some of the links on this webpage are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinions and comparisons whatsoever.
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21 comments
I like the way you think
There we go that final question. If your dream job or occupation is just being a worse version of eBay or Amazon selling cheap products. You might want a new dream
Dude says nothing bad about dropshipping and makes me actually want to do it more.
what if I make a new product that gives value and has no competition whatsoever, will it work when I dropship it
he provides good evidence and makes good points but if people think drop shippers can quit there job after 2 months of no work is straight up idiotic. Drop shipping if done right can be a great source of income not dependable, think of it as stocks you invest time work and money into something and over a long period of time you can make Large or small sums of money or even negative. this truly is all about how much work effort care and money used. The more you invest(Time, Money, Work) can lead to two huge incomes(Experience, Money). drop shipping is more of a hobby. Its one of your table legs of income. Telling people Drop shipping is horrible waste of time and money and too risky is complete bullshit. If someone doesn't care about the product and thinks they can quit and flip their boss off is completely stupid.
If you knew anything about business, then you would know that drop shipping is a business model that companies like Walmart, Big Lots, etc. has been doing for DECADES BEFORE THE INTERNET.
A very eye opening video once again. Jake your content is awesome. BUT i think a dropshipper still offers value to the market. Many times the costumer that buys the product from the dropshipper doesn't even know about that product. The product comes to the costumer's attention after the dropshipper put it in front of their eye. The costumer would never search on their own that product on Amazon.
use a american wear house supplier
Dropshipping? More like…plopshitting, amirite?
😂
Can you please do a public documentary on George Soros🙏🙏
Dropshipping should be illegal, effing lazy, uninspired wankers..
maybe this guy just wants to root out the competition
Man, i dont think you get it, people buy from us not because of the delivery, price or options, they buy from us because we play with their emotional side we create hurry, we create exclusivity, we create problems
What happens when you make a drop shipping store with wide selection, low prices, fast shipping.
what does this have to do with amazon… wtf?
Totally disagree. It's only creator thought without any justifications.
I'm not saying dropshipping is viable business anymore, however there are plenty of businesses that do not create any value for customers that still make huge amounts of money. It's the perceived value that entices customers to justify spending money on your products, how much value you actually provide is irrelevant. Also, ease of use is also a form of value. If your service allows people to find products they otherwise would not have found, that's also a form of value. Think about casinos or designer clothing. Companies that resell Microsoft services like Office 365 and the like make billions of dollars every year. That said, there are other problems with dropshipping, but you cannot neglect the marketing aspect.
Why would people want to buy it for a higher price
if you know what amazon fba is, explain how youre providing anymore value than just selling on some dropshipping site you just made
why is this video defending amazon so much the first time i tried it i fucking used amazon as the platform lmfao