10k Net Profit Dropshipping from Homedepot to Ebay ONLY

LEARNINGONLY · #23 05-29-2018

Quote:

Originally Posted by chimera

You dont need to buy a course to learn dropshipping.

That part is simple.

Of course never was going to buy ANY COURSE. I want to keep my money and think no new info will be shared.

However I wanted someone to maybe break down how this guy does 1.4 price increase and does 28% profit margin with tons of sales.

Sunspot144 · #24 05-29-2018

If he has no problem showing you his Paypal and ebay accounts, he should have no problem disclosing his credit card statement as he so clearly makes cash back like all dropshippers. Once you know his COGS, you'll know his profit margins. I smell snake oil all over this one. Save your money - read, read, read.

LEARNINGONLY · #25 05-29-2018

Quote:

Originally Posted by Sunspot144

If he has no problem showing you his Paypal and ebay accounts, he should have no problem disclosing his credit card statement as he so clearly makes cash back like all dropshippers. Once you know his COGS, you'll know his profit margins. I smell snake oil all over this one. Save your money - read, read, read.

I will NOT buy anything - none of his courses.

If you're too busy start at 3:45 he flickers through his paypal 250k - Could he be editing that to phaik it? Seriously asking, I hope he's lying because then it means there's an excuse.

Why I Left My 9-5 Job To Pursue eBay Drop Shipping Full Time - YouTube

LEARNINGONLY · #26 05-29-2018

I will NOT buy anything - none of his courses.

If you're too busy start at 3:45 he flickers through his paypal 250k - Could he be editing that to phaik it? Seriously asking, I hope he's lying because then it means there's an excuse.

he shows cogs ebay expenses, everything in other videos.

Why I Left My 9-5 Job To Pursue eBay Drop Shipping Full Time - YouTube

Sunspot144 · #27 05-29-2018

Quote:

Originally Posted by LEARNINGONLY

I will NOT buy anything - none of his courses.

If you're too busy start at 3:45 he flickers through his paypal 250k - Could he be editing that to phaik it? Seriously asking, I hope he's lying because then it means there's an excuse.

Why I Left My 9-5 Job To Pursue eBay Drop Shipping Full Time - YouTube

No, I mean why can't he show you what he spent. I don't care how much he made, it's what he spent that really matters.

LEARNINGONLY · #28 05-29-2018

Quote:

Originally Posted by Sunspot144

No, I mean why can't he show you what he spent. I don't care how much he made, it's what he spent that really matters.

I see what you mean .. he just displays all break down for some months like in this video. Should I ask him for further proof? I mean if he's phaiking the vids he might just do the same with documents of statments too. idk maybe this guy is a good phony.

July 2017 Income Report - YouTube

Sunspot144 · #29 05-29-2018

No doubt the video footage is real. But just wait when he shows you his credit card statements and it shows that he spent 35,000 to buy all his stuff for the month. Then he made like what, 1k after fees? Lol

LEARNINGONLY · #30 05-29-2018

Quote:

Originally Posted by Sunspot144

No doubt the video footage is real. But just wait when he shows you his credit card statements and it shows that he spent 35,000 to buy all his stuff for the month. Then he made like what, 1k after fees? Lol

well if he did that he'd have to photoshop it cuz in his vids he says Cog TOTAL and subtracts from revenue to get his profit. Claims huge net profit, 28% .. so i could ask but if hes lying about everything then it means he would have to fudge it.

David Vu though makes 20k a month with VA's and has a famous course on udemy. Say's he uses multiple Retail stores online though.

Idk I hope its a lie that way my lazy ass has an excuse not to do it. lol

I already pretty confident that majority if not all affiliate marketers are liars.

Sunspot144 · #31 05-29-2018

Quote:

Originally Posted by LEARNINGONLY

well if he did that he'd have to photoshop it cuz in his vids he says Cog TOTAL and subtracts from revenue to get his profit. Claims huge net profit, 28% .. so i could ask but if hes lying about everything then it means he would have to fudge it.

David Vu though makes 20k a month with VA's and has a famous course on udemy. Say's he uses multiple Retail stores online though.

Idk I hope its a lie that way my lazy ass has an excuse not to do it. lol

I already pretty confident that majority if not all affiliate marketers are liars.

No where in his videos does he show you his COGS. He shows you his sales and fees on paypal and ebay, but he doesn't show you his credit card statement.

You can make money dropshipping, but you'll need VAs to manage the insanity of the business model. Without VAs and at 10% profit, you may as well be working for free.

LEARNINGONLY · #32 05-29-2018

Quote:

Originally Posted by Sunspot144

No where in his videos does he show you his COGS. He shows you his sales and fees on paypal and ebay, but he doesn't show you his credit card statement.

You can make money dropshipping, but you'll need VAs to manage the insanity of the business model. Without VAs and at 10% profit, you may as well be working for free.

Ya I wouldn't want to manage such high listing and inventory without VA's

I'll have to see if he tells COGS total in video. I know he tells his NET PROFIT after all is taken out before taxes.

Sunspot144 · #33 05-29-2018

Quote:

Originally Posted by LEARNINGONLY

Ya I wouldn't want to manage such high listing and inventory without VA's

I'll have to see if he tells COGS total in video. I know he tells his NET PROFIT after all is taken out before taxes.

Don't mean to burst your bubble. If you want to go into online retail, have your inventory shipped to your house and fill the orders. Skip out on the voodoo $hit like dropshipping and amazon FBA and do some leg work. Best part is you can claim your house as your place of business and your car as your business vehicle when filing taxes

LEARNINGONLY · #34 05-29-2018

Quote:

Originally Posted by Sunspot144

Don't mean to burst your bubble. If you want to go into online retail, have your inventory shipped to your house and fill the orders. Skip out on the voodoo $hit like dropshipping and amazon FBA and do some leg work. Best part is you can claim your house as your place of business and your car as your business vehicle when filing taxes

Inventory is hard to find unless someone figures it out by themselves though. Nobody is giving that info out to help beginners.

Sunspot144 · #35 05-29-2018

"do some leg work"

LEARNINGONLY · #36 05-29-2018

Quote:

Originally Posted by Sunspot144

"do some leg work"

Tried only came to alibaba, aliexpress, dhgate and that's it. So many were junk.

Gladiator · #37 05-29-2018

Or, find a product in the us you can buy and sell.

LEARNINGONLY · #38 05-29-2018

Quote:

Originally Posted by Gladiator

Or, find a product in the us you can buy and sell.

Gotta try you are right. Any thoughts on whether this dropshipper is legit or not? Appreciate any analysis.

yankee · #39 05-29-2018

I dont think most of us will watch any videos of someone selling a course on how to operate a crappy business price gouging other people online but maybe....

What are you hobbies? What are your passions?

LEARNINGONLY · #40 05-29-2018

Quote:

Originally Posted by yankee

I dont think most of us will watch any videos of someone selling a course on how to operate a crappy business price gouging other people online but maybe....

What are you hobbies? What are your passions?

I like new techy type of toys lol like electric skateboards, hoverboards, drones, electric bike.

Fitness too. Not sure at all how to buy big and flip. I was going on alibaba and wanted to buy but after asking for real pictures noticed they were selling such phoney crap that was not as pictured.

LEARNINGONLY · #41 05-29-2018

Quote:

Originally Posted by yankee

I dont think most of us will watch any videos of someone selling a course on how to operate a crappy business price gouging other people online but maybe....

What are you hobbies? What are your passions?

I like new techy type of toys lol like electric skateboards, hoverboards, drones, electric bike.

Fitness too. Not sure at all how to buy big and flip. I was going on alibaba and wanted to buy but after asking for real pictures noticed they were selling such phoney crap that was not as pictured.

I tried youtube for researching how to find possible ways to get suppliers but ya almost everyone seemed to be selling a course or mentoring so their info was all a lie.

Sunspot144 · #42 05-29-2018

Learn by example. You'll never know what you'll end up selling

https://www.youtube.com/watch?v=RQH-XC5jinM

MM78 · #43 05-29-2018

I make $3,300,000 selling paper clips and used chewing gum....I can teach you also all my trade secrets.....for only $1,100,000 I will teach you everything, I can only take 3 total students under my wings though....so sign up NOW!

dallis · #44 05-29-2018

break down how this guy does 1.4 price increase and does 28% profit margin with tons of sales

His math sucks, that's how. Frankly, it doesn't suck. He's a liar and a conman.

Here's how his profit loss profile works out: Widget + shipping costs a dollar. Sell it for $1.40. EB minimum fees 10+%. PP fees 3% + transaction fee. $1.40*.13% = 18%. .40-.18 is 22 cents. Your profit is $.22. Already it's NOT 28%. It's really 22%. That's just to start with.

Dropshipping has a higher rate of returns/dis-satisfaction than most online retail.

If he has a 5% return rate, return shipping alone will eat up a lot of the remaining profit. There may also be restocking fees. I can tell you HSN's return rate is 14.6% in 2017. Weigh that into your equation at whatever rate you like.

Not to mention buyer fraud. If you lose your product, that's going to take a HUGE bite out of the already slim profit.

At a tiny 40% markup there probably is no profit left AT ALL.

I can tell you I buy my widgets in lots of 100,000+ pieces. $1 worth of product sells on the open market for a minimum of $6, an overall average of $12. That's 12 times my purchase price. That's a comfortable profit margin.

This whole video is BS. Run, don't walk away.