Have you ever heard of dropshipping?
If you are one of those rat race escapers, self employed dreamers, make your own schedule and make mad money chasers, you probably have.
For those who don’t know, it’s essentially opening up an E-commerce storefront through Shopify and then linking it to AliExpress. From AliExpress pick the items you would like to sell, set the price so you get a profit, and boom. Whenever someone comes to your store and orders something, AliExpress ships it off to them.
Essentially, you make a profit for just opening the storefront and you don’t have to have 1,0000 pairs of Donut Socks in your living room waiting to be bought. On the other hand, you are charging someone 3x’s as much for something they can get on AliExpress themselves.
Regardless of the ethics of it, some people have made serious money doing this and pretty much passively. If you put in the initial work, it is possible you could get a nice steady stream of income of up to, I kid you not, $1,000 a day.
Obviously, I had to give this a try.
I found a YouTube video of some Irish kid that said he could open a Shopify store in a week and hit this $1,000 target. I followed, almost, all of his advice, but it’s just never as easy as these YouTube guys make it seem.
I love cool socks and thought “Hey other people probably love them too.” Headed straight online and picked out a few cool looking socks on AliExpress, threw them up on my store, created an Instragram where I was even promoting FREE DONUT SOCKS. (All you had to do was pay for shipping, which was actually my profit :D,sorry)
It appeared my Irish YouTube friend got his initial sales from collaborating with an Instagram Influencer.
I was selling socks, who was going to be the Influencer in my space? I thought of trying to collaborate with Skateboarders/Surfers, but these people are basically untouchable. They don’t want to here from you unless you are Hurley or Billabong, even if they only have 1,000 followers. It was probably a fluke in my own approach to obtain this glorious Influencer to rep my sock brand or my refusal to buy a pair of the socks myself to let them wear.
I was trying to do this as cheaply as possible okay.
I kept trying to post things on Instagram to catch someone to my store. I had a few people put things in their cart and then abandon them. Maybe if I go back and put a little bit more work into it I can get there, but something is stopping me.
I know all I have to do is keep hashtagging and posting on Instagram, just hustle a little harder. It just feels like this sock business might not be for me. It could be laziness, or it could be I was a little bored of it.
Maybe I really need to invest in passive income that holds some more meaning. It feels a little evil to make this kind of sale, not that I’m looking to preach to anyone or look down on people that dropship (I literally tried to do it and might again). I think dropshipping is a great way to make a passive income and it’s not as talked about as it should be.
One day, when I find a fun passive stream of income, I promise to write about it. If you have any suggestions of ways I should try, leave a comment and I will and then I’ll write about it.
If you want to talk more about how I failed at this or how I failed at something else, leave a comment as well. :)