Introduction
In just 30 days, I went from 0 to $175,000 in sales on a brand new Drop Shipping Store without investing a single penny into inventory or warehousing. I didn't have to try to figure out how to run expensive Facebook or Tik Tok ads and waste thousands of dollars testing products. In this blog, I will break down step by step the exact method I used to achieve this incredible success. I will show you how to find a winning product, create your website, and make your first sale. By following my steps and putting in the hard work, you can potentially make hundreds of thousands if not millions of dollars.
Step 1: Finding the Right Business Vehicle
The first step in building a successful drop shipping store is finding the right business model. In my case, I discovered the authorized retailer model, which is different from traditional AliExpress drop shipping. Instead of selling low-quality products from China, I started selling high-priced products from well-known USA brands. These brands have been around for decades and have built trust with customers. This shift in strategy allowed me to achieve incredible success.
Step 2: Finding a Winning Product
Once you have chosen the right business model, the next step is to find a winning product. There are a few key criteria to consider when searching for a product:
- The product should cost over $3,000, preferably with over 30% profit margins.
- There should be at least 30,000 people searching for the product every month.
- Avoid products that are extremely seasonal.
To find a winning product, you can use tools like Supplier HQ and keyword research tools like ATS or SEMrush. These tools will help you identify products that meet the criteria mentioned above. Once you have identified a winning product, you can move on to the next step.
Step 3: Finding Top Suppliers
After finding a winning product, the next step is to find top suppliers. This process used to take hours, but now with the release of Supplier HQ, you can do it in seconds. Supplier HQ provides a list of suppliers for various product types. Look for suppliers that enforce minimum advertised price (MAP) and have branded search demand. These suppliers will help you maintain profit margins and attract customers who are specifically searching for the brands you sell.
Step 4: Building Your Website
Once you have identified your suppliers, it's time to build your website. I recommend using Shopify, as it offers a free account and easy-to-use templates. You can also find inspiration from successful stores in your niche. Look for stores that rank high on search engine results pages (SERPs) and model your store after them. Additionally, you can use tools like Repo to create a professional-looking website quickly. Remember to focus on creating a user-friendly and visually appealing website to attract customers.
Step 5: Reaching Out to Suppliers
Before you start running your ads, it's essential to close at least three suppliers. Inside the Supplier HQ Community, you can find scripts and templates for emails and pitch decks to help you close suppliers effectively. Be prepared to answer common supplier questions such as your marketing plan and how long you have been in business. Once you have closed your first three suppliers, get their products live on your website.
Step 6: Running Your Advertising
With your suppliers in place and products live on your website, you are ready to start running your advertising. Instead of using Facebook or Tik Tok ads, I recommend using high buying intent Google ads, which I call Rain Maker advertising. Target customers who are searching for the exact brands and models you sell. This strategy allows you to reach customers who are more likely to make a purchase. By optimizing your ads and website, you can achieve impressive sales results.
Conclusion
Building a successful drop shipping store requires careful planning, research, and hard work. By following the steps outlined in this blog, you can create your first high-ticket drop shipping store and potentially make millions of dollars. Remember to find the right business model, choose a winning product, find top suppliers, build a user-friendly website, and run effective advertising campaigns. With dedication and perseverance, you can achieve remarkable success in the drop shipping industry.
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