The answer can be Yes and No, because it all depends on your perspective. Personally, I see dropshipping as something that’s both challenging and profitable with the right amount of willpower…
…IF I have thought it out clearly, including the specific budget for it without affecting my present financial status.
The YES Answer
While helping to manage a dropshipping business prior, I learned that my client had allocated the budget for all the tools needed to run it. Slowly but surely, the store produced a nice profit.
You just have to keep in mind that…
…it can take some time before you see the fruit of your hard work.
What “hard work” am I referring to?
- Building an online store
- Using a dropshipping app that automates the business flow
- Finding a reliable supplier with positive rate in product review
- Calculated Price Markups
- Hiring a rockstar Virtual Assistant
How Much Can You Actually Earn From Dropshipping Then?
The amount you make from this business venture depends on the time and effort you put into it. It could be less or more or it could be just break even. But the most important thing is that you keep learning until you master it. Let the income just flow within the business until you see the results you’ve been waiting for.
If you want to learn more about your earning potential, you can read further here.
The NO Answer
The majority of people who answered this look at dropshipping as something that can’t be done. To them, it looks like it consumes a lot of time, money and energy. It seemingly adds frustration when you see other people running it successfully, and you feel left behind.
So if you start having this similar mindset, then most likely you’ll end up giving up and not giving dropshipping a real try.
Common Reasons Why Some People Don’t See Dropshipping As Profitable
There are many reasons why some people have trouble with dropshipping. They may see it as:
- Confusing and time-consuming
- Needing a lot of money to make it work
- Most products are poor in quality
- There are a lot of people selling identical products and someone out there sells it cheaper than you do
- Marketing your store is difficult