Thread by @ecomricky

I MADE $101,893 in 60 DAYS ON A BRAND NEW DROPSHIPPING STORE!

Here’s how I did it and what I learned 👇🏽

[A THREAD WORTH BOOKMARKING]

What’s up everyone, I’m Ricky.

Just a regular guy from Wisconsin. If I can do this, so can you.

First things first, dropshipping is:

- NOT dead
- NOT a get rich quick scheme
- Definitely NOT a scam

Don’t believe the people saying that. They just suck at it.

For those asking “What’s Shopify Dropshipping?”

It is when you:

- Find a product on Aliexpress
- Build a Shopify store for this product
- Drive traffic to your store through paid advertising

Here’s a graphic I made to help understand it.

The Product:

I went with 1 product. In a very passionate niche and it makes a great gift for the holidays.

The product costs me $8 on Aliexpress and I sell it for $40.

Crazy to think that 1 product has generated me over $100,000 🤯

If you’re struggling to find a product:

I have found some great products by going on TikTok and searching “TikTokMadeMeBuyIt”

Here you will see products that have gained a lot of attention.

Whichever product you choose, make sure you sell it for ATLEAST 3x the Aliexpress price

Building the store:

I keep my stores very simple.
- White background
- Black text
- 1 accent color that makes sense for the buttons and announcement bar.

I use the Motion theme. It is a paid theme but if you are just starting, the free Brooklyn theme is great.

Pages you need on your stores:

-Contact Us
-About Us
-FAQ
-Shipping Policy
-Return Policy
-Privacy Policy
-Terms of Service

Apps:

-Oberlo
-Loox
-SMSBump

The ROI from SMSBump is INSANE!

I spent $33 and got back $8819 🤯

3: Advertising: I use FB Ads

When just starting:

10 adsets, 1 interest each in an ABO campaign. $10/day each adset

Let those 10 adsets run for 3 days

If after 3 days an adset has no ATC or purchases, kill it. If an adset does have an ATC or purchase, let it run another 3 days

If after those 3 days an adset doesn’t have a purchase. Kill it. If you have 2-3 adsets that do have a purchase, duplicate them into a CBO at a higher budget ($50-$100)

Let that CBO run for 2-3 days. If profitable increase the campaign budget by 20% ♻️

Once you gather enough data you can begin testing lookalike audiences (1,000 people)

This is where the real $ is made 🤑

I’m still pretty mind blow that the ad creatives I’m using are images I took on my iPhone. Anything is possible 🙏🏽

4: Order fulfilment

You can use Oberlo or DSers.

What I found to work best:

Reach out to your supplier and ask if you can just send them an export of all your orders for each day via excel.

It’s SO easy doing it this way.

So that’s the dropshipping journey on this new store in a few tweets and how I managed to achieve $100,000 in sales in 60 days.

I am on pace to do $100,000 in October ALONE.

Very excited to see where this store takes me during the holiday season!

Please remember:

The first $1,000 is the HARDEST.

Once you make your first $1,000, just rinse and repeat to $10,000.

Once you reach $10,000 you will find that getting to $100,000 isn’t so far fetched when you have a solid product and ad strategy.

If you found ANY value in this, I would be grateful if you could toss me a retweet or like on the first tweet in this thread to help reach more people.

If you would like a more in depth dropshipping guide where I go further in depth on the strategies I use, you can get my ebook here:

gumroad.com/l/vlwyN

Here’s video proof for the people that will claim this is a fake screenshot lol

(100k in sales is right around 50k profit in TWO MONTHS on this new store)

If you’re still reading this, please scroll to the top and hit that like or RT button 😅🙏🏽