Well, you see these kids and online entrepreneurs talking about dropshipping and how much money they make with this ‘cool’ business model every single month. That actually sounds amazing but sometimes you can’t just trust a business model just because everyone is talking about it and it’s ‘fairly easy’.
What generally happens is that a dropshipping expert shares his model of working and there are thousands of copycats that pop up and make the industry extremely saturated. As the competition increases, things start to get pretty difficult and a whole lot of beginners only end-up losing a hell lot of money.
With all of these things going around, there are a lot of questions that pop up in mind like – Can you actually make money with dropshipping? How much money can you make with dropshipping? What do people earn on average with dropshipping?
Well, in this quick post, I’m going to go over all of these things to help you know how much money can you really make with dropshipping…
So, without any further ado, let’s get right into the details.
What Is Dropshipping All About?
I won’t waste much of your time but for those of you who don’t know much about dropshipping…it is an online business model that allows individuals/entrepreneurs to sell products without having to worry about any kind of inventory or shipping.
Dropshipping is truly as easy as the marketers show you on YouTube and webinars. All you need to take care of is basic marketing. Some of the biggest companies on the planet including Amazon have taken advantage of this business model over the years successfully.
You can set up a dropshipping store right away, import products either from Amazon, AliExpress, and other huge retailers, and start selling them right away to generate consistent/fast revenue via strategic marketing/promotional campaigns.
How Much Money Can You Make With Dropshipping?
This is the most common question that beginners ask while starting their own online business. And the answer most of the time is always the same – it depends.
There are people who are not even able to cover their marketing costs with dropshipping and there are people who are making millions of dollars every single month.
If you know what you are doing and implementing everything strategically, you can make a whole lot of money with dropshipping (from a couple thousand dollars to hundreds of thousands of dollars on a monthly basis). On the other hand, if you jump into the pool without doing any homework, you might struggle for years and barely make any significant amount of money.
Generally, there are a few things that decide whether or not you will have a successful/profitable dropshipping business. They are as follows:
- The products choice
- UX of the dropshipping store
- Marketing strategy
- Pricing of the product
You could have the most beautiful looking dropshipping store of all times but if you don’t put in the time to do product research, you surely are going to have a hard time having a successful dropshipping business. On the other side of the table, you might have everything set-up the right way but have no idea about running Facebook/Google ads…still, there are going to be a ton of hurdles in the way.
Hence, in order to make some serious money with dropshipping, you want to make sure to put in the time setting-up everything in the best way possible.
Coming back to the actual topic, here are some of the dropshippers who are making different sums of money with dropsipping…
- Darrel Wilson does over $50,000 per month with dropshipping.
- Kevin Zhang sometimes hits over $430,000 in a single day!
- Sebastian Esqueda makes over $1,000 per week.
As you can notice in the above examples, there’s no limit on how much you can earn with dropshipping. You just need to know the right strategies/methods.
For more context, watch the video below from a successful dropshipper.
How Much Do Dropshippers Make On Average?
Although there is no specific number that I can bluntly write in here on average, dropshippers make anywhere from $1,000 to $50,000 per month.
But once again, that’s just an estimated figure I have found after watching tens of YouTube videos and reading tons of dropshipping guides. I think it’s pretty realistic to earn a thousand dollars with dropshipping if you have a good budget to start with.
Is Dropshipping Worth It?
Well, I’ve been a huge follower of Gary Vaynerchuk and what he says is that everything works the way it should and everything is worth it if you put in the work and money. Dropshipping is definitely a legit business model that has been around for so many years and it’s not going anywhere anytime soon.
It’s is surely worth it but I would recommend you learn from a successful dropshipping expert first, and then get started to avoid common mistakes that beginners usually make.
Also, I highly recommend you check out the post mentioned below where I share the most common dropshipping mistakes beginners make while getting started.
I hope you found this post helpful and informative. If you have any questions or suggestions, feel free to jump into the comments section down below and let me know what you think.