🔍 Uncovering the Strategies of an 18-Year-Old Making Nearly $500,000 a Month with Drop Shipping
Are you looking to make millions and billions of dollars with drop shipping? Look no further than Jonathan B, an 18-year-old who is making nearly $500,000 a month with this business model. In this article, we will uncover some of the strategies that Jonathan is utilizing so that you can get some value and start your own successful drop shipping business.
📈 Revenue Generation
Jonathan has generated $2.5 million in revenue over the last 12 months with a profit margin of 24 to 26 percent. He emphasizes that profit is the only thing that matters and that you should always focus on the profit margin. He recommends investing most of your time into creating a very good converting ad because this is what will make or break your business.
🚀 Strategies for Generating Revenue
Jonathan has used ads on TikTok, Instagram, and Facebook, but Facebook and Instagram are their main forces for ad creation. They invest most of their time into creating a very good converting ad because this is what will make or break your business. They deeply understand who their customer is and create a video that talks to them in a conversational style. Their main photo has said is video sales letters run on Facebook.
🎥 Utilizing Video Sales Letters
Most people try to put a 30-40 second video and just launch it and hope that it will sell. Jonathan recommends creating winners instead of hoping to find a winner. When you create winners, you have more control over your business, and it's more replicable. Video sales letters are a great way to create winners. Instead of hoping to find a winner, you create it. You have more control over your business, and it's more replicable.
🎯 Finding the Right Market
Jonathan recommends focusing on pain points. The harder the pain, the more profitable the solution. He recommends going on Google and searching for the top 20 pains that are 50-60 years old men may have. These are proven markets that will always be there. Find a new solution that is like someone is saying, "Yeah, someone may sell like some insults that help with your feet whatever, but you need to find something that it's not like a new mechanism, a new feature, a new technology, a new color, whatever it may be and just enter the market that is proven towards some pain."
📹 Creating a Video Ad
The copy for the video is very important because based on the copy of the video, then you will put the clips. If you don't know how to do it, search for brands in your market that have already done the dirty work. They already did the copywriting, their research, they know the pain points, and everything. Go and search how they are advertising. Break down the videos that they have and then apply it to your product. Analyze some of the successful ads, try to figure out what components are in there, and then replicate it in your own ads.
📦 Fulfillment Process
Jonathan has an agent in China who takes care of everything. He recommends building a strong relationship with your agent and testing many agents. You want to see if there is coming you on the pricing, secondary shipping time, and then you want to see how big the team is and how technological it is.
📚 Educating Yourself
The key is focusing on yourself more than on the tactics. The tactics don't make a huge difference. The key is to focus on yourself, taking knowledge, and investing in yourself. Focus on acquiring knowledge in sales and marketing. If you know how to sell and advertise, you can sell everything.
🤔 FAQ
Q: Can you make a bad product profitable?
A: Yes, you can make a bad product profitable by putting the most effort into your sales skills and becoming a leader in the niche.
Q: What are some good markets for beginners to get into?
A: Focus on pain points and markets that are proven to always be there, such as the 50-60 years old men's pain market and the baby and mom market.
Q: How do you find a good agent for fulfillment?
A: Build a strong relationship with your agent and test many agents. Look for agents who are competitive on pricing, have fast shipping times, and have a big team with technological capabilities.
Q: What is the key to success in drop shipping?
A: The key to success in drop shipping is focusing on yourself, taking knowledge, and investing in yourself. Focus on acquiring knowledge in sales and marketing.
