DO I HAVE TO USE MY OWN MONEY TO DO DROP SHIPPING – SHOPIFY DROP SHIPPING TUTORIAL
Do you have to use your own money to do drop shipping? In this blog post I will answer this question!
LISTEN TO THE VIDEO BELOW
Drop Shipping using Shopify and Aliexpress is probably the easiest & fastest way to make money online right now.
You can get started with less than $100 and the potential is unlimited….One question a lot of people ask me is whether you have to use your own money to do drop shipping.
Look, here is a graph explaining how drop shipping works.
As you can see, the customer will come on your website and will buy your product. YOU WILL NOW TECHNICALLY HAVE THEIR MONEY. If you use Paypal, the money will be directly in your Paypal account, if you use Shopify payments for example, it will take a few days before this money is in your bank account.
THEN you will go on Aliexpress and you will buy the exact same product but at a much LOWER PRICE. This is where a lot of people get confused. YES, you will have to use YOUR credit card to pay on Aliexpress, BUT you technically already have the money from the client! IF they paid with Paypal the money is already in your account, and if they paid with Shopify payments for example, you will get it in a few days.
You basically have to use YOUR MONEY to make the order on Aliexpress, but at the same time the money from the customer is going directly into your bank account…Understood?
Here is another example. The client comes to my website and buy a shirt for $60 by Paypal. The $60 is deposited directly into my Paypal account. A few hours after, I go to Aliexpress and I buy the exact same shirt for $4, but I put the address of the client so the seller on Aliexpress sends it directly to the client. I will get charged $4 on my credit card….But who cares!? I just made a $56 profit.
This is why I love this business model this much. It is literally like if you were using the money of other people to fund your business!
If you are looking for more, or are wanting to seriously pursue making money with e-commerce, then I want to invite you to join my E-commerce University Program.
E-commerce University is a step-by-step video training course that walks you through everything. The students in it are making a lot of money and the reviews are amazing.
In the program, you get to see me create an E-commerce business from scratch. The program consists of over 45+ “over the shoulder” videos where you get to watch me do everything.
You will learn EVERYTHING you need to know to be successful with e-commerce/dropshipping in this program. I leave nothing out and I am 100% transparent! I share with you exactly what I do with my stores, and even how to scale this business by automating and outsourcing the whole process by hiring virtual assistants! You will learn how to pick a good niche, good products,how to do Facebook ads, Instagram ads, advanced promotions strategies and much much more. This is the exact system I used on all of my stores.
To find out more about E-commerce University, CLICK HERE.