PubertyMaxxer
Face, Height, Frame, Dick
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- Oct 15, 2019
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As a fan of the Book " Competition Demystified" and its concepts its not surprising at all to me why the overwhelming majority of Dropshippers lose money.
If you create a general store selling trendy or viral products you basically just hope to become profitable by impulse purchases.
Your not alone. Dropshipping is such a mainstream get rich quick scheme that i even see it on dating apps and even met three people IRL (keep in mind i live in a small village) that were observing it.
People nowadays simply don't impulse purchase as much. Everyone knows that such Ads sell overpriced stuff and that the same product is just 2 clicks away for a fraction of the price.
But muh Branded One product Stores or sales funnels ...
Branding is not a competitive advantage in any way. Anyone that's a bit creative can create a Brand and its not building a Barrier to entry.
If any activity is highly profitable other people will stop what they're currently doing to pursue that activity. More supply of that activity, in comparison to same demand, will necessarily eat up the profits and make it unprofitable.
But muh E-commerce is the future, look at Amazon, Alibaba...
Amazon has a competitive advantage. A barrier to entry. Its not really in the classic Ecommerce, its in the Platform Network business. Each new user, seller and buyer, increases the value of amazons platforms network by increasing the supply and demand of products .
Its true that Amazon started with Dropshipping physical books but that was in the 1990's when Dropshipping was unsaturated as fuck and they started registration buyers already then. Additionally, books are probably the best possible category one could have chosen to start out back then since people would buy come back to that same platform they signed up for when buying their first book. Not the case with any other product like Toys or gadgets which are typical Dropshipping products.
Amazons business model is more similar to Facebooks than to any regular online shop. Both are Networks that increase their value with each new user, fueled by AI & algorithms.
If you create a general store selling trendy or viral products you basically just hope to become profitable by impulse purchases.
Your not alone. Dropshipping is such a mainstream get rich quick scheme that i even see it on dating apps and even met three people IRL (keep in mind i live in a small village) that were observing it.
People nowadays simply don't impulse purchase as much. Everyone knows that such Ads sell overpriced stuff and that the same product is just 2 clicks away for a fraction of the price.
But muh Branded One product Stores or sales funnels ...
Branding is not a competitive advantage in any way. Anyone that's a bit creative can create a Brand and its not building a Barrier to entry.
If any activity is highly profitable other people will stop what they're currently doing to pursue that activity. More supply of that activity, in comparison to same demand, will necessarily eat up the profits and make it unprofitable.
But muh E-commerce is the future, look at Amazon, Alibaba...
Amazon has a competitive advantage. A barrier to entry. Its not really in the classic Ecommerce, its in the Platform Network business. Each new user, seller and buyer, increases the value of amazons platforms network by increasing the supply and demand of products .
Its true that Amazon started with Dropshipping physical books but that was in the 1990's when Dropshipping was unsaturated as fuck and they started registration buyers already then. Additionally, books are probably the best possible category one could have chosen to start out back then since people would buy come back to that same platform they signed up for when buying their first book. Not the case with any other product like Toys or gadgets which are typical Dropshipping products.
Amazons business model is more similar to Facebooks than to any regular online shop. Both are Networks that increase their value with each new user, fueled by AI & algorithms.
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