All right, so today we're diving into drop shipping.
Oh yeah.
You're probably here because you're thinking about launching
an online business and you want to do it without all the hassle
of like managing inventory.
I mean, let's be real.
Starting with low costs and the potential for high profits,
that's pretty tempting.
For sure.
So we found this YouTube video that
promises like a super clear path to drop shipping success.
OK.
All in 2023.
So we're going to unpack the first steps on this roadmap.
Sounds good.
Let's do it.
To riches.
All right, so this YouTube video,
it jumps right into the first crucial step,
which is finding that perfect product.
They call it a winning product.
OK.
A winning product.
I like it.
So it's got to be more than just picking something random
and hoping for the best.
What makes a product a winner in the drop shipping world?
Well, the video highlights this two-pronged approach
to finding that winner.
So you need a product with high demand.
Of course.
But you also need to be prepared to master
the art of marketing it.
They emphasize that these two elements are
like totally interconnected.
They even call them a dynamic duo.
Oh, I like that.
The dynamic duo of product and marketing.
You could have the best product in the world,
but if nobody knows about it, it's not going to sell.
Nobody's buying.
So how does this video suggest we go about finding
these winning products?
They have to have some secret formula or something.
Well, they don't have a crystal ball or anything.
OK.
But they recommend using this tool called AMZ Scout.
AMZ Scout.
Yeah.
It's like a secret weapon.
Oh, love it.
Especially for drop shippers.
OK.
It gives you those key insights into product demand.
And importantly, the level of competition you'll be facing.
So it's all about finding those hidden gems,
products with high demand, but low competition.
Exactly.
And I'm already imagining myself uncovering
those secret product needs shoes.
But how does this AMZ Scout tool actually help you do that?
Like, what kind of information does it give you?
OK.
So AMZ Scout dives into the data,
gives you insights into things like estimated sales
for a product, the price range, even the number
of customer reviews it has.
Wow.
And you can filter products by specific category.
Oh, that's cool.
So you can really hone in on your niche.
I'm starting to see how powerful this tool could be.
Yeah.
I'm a person who learns best from examples.
Sure.
Did the video give any real life examples
of what a winning product actually looks like?
Yes, they did.
And one of the examples it really stood out
was surprisingly successful.
It was a candle making wax kit.
Candle making.
Apparently, these kits are like flying off the virtual shelves.
Wow.
You wouldn't necessarily think that would be a top selling product.
I know, right?
But it just goes to show that sometimes those unexpected niches
can be the most profitable.
OK.
I'm officially intrigued by Amesyskow.
OK.
Of all the features they mention,
what stood out to you is the most useful.
The new and trending products filter.
That's a game changer.
OK, what?
It helps you identify those up and coming products that
are starting to gain momentum, but haven't yet
reached peak competition.
So it's about riding that wave at just the right time.
Exactly.
You're not chasing what's already super popular
and oversaturated.
Right.
But you're also not stuck with a product
that nobody's interested in.
Exactly.
Pre-smart.
Anything else about AMZ Scout?
Yeah, another helpful feature is the ability
to find suppliers directly through AMZ Scout.
OK.
Using Alibaba.
Wow.
This streamlines the sourcing process,
which can be a major hurdle for new dropshippers.
So AMZ Scout not only helps you find those winning products,
but can also connect you with the suppliers to make it happen.
Exactly.
That's pretty impressive.
All right, let's say we've done our research.
OK.
We found our winning product using AMZ Scout.
We're feeling pretty confident.
What's the next step?
Good question.
We can't just sit back and wait for the orders to roll in,
right?
Definitely not.
Even the best product in the world
needs the right marketing push.
That's where the second half of the video comes in.
They introduce a platform called Viral Ecom Ads.
Viral Ecom Ads?
Yeah, they claim to specialize in creating ads that go viral
and generate those all-important sales.
OK, now we're talking viral is a pretty big claim.
What makes these ads so special?
Well, they actually offer a variety of ad formats.
Oh, OK.
You can get video ads, which are perfect for showcasing
your product in action.
Right.
Then there are user-generated content ads,
which can build trust because they feature real people using
and recommending your product.
Yeah.
And if you really want to grab attention,
they also offer animation ads.
So they've got you covered no matter what style you're going for.
So they're not just throwing any old ad together,
hoping for the best.
Exactly.
They've actually put some thought into it.
Anything else about viral Ecom Ads that stood out?
Well, they emphasize their ability
to help you find your blue ocean.
Blue ocean?
What's that?
You haven't heard of that term.
Blue ocean strategy.
It sounds familiar, but I can't quite place it.
OK, so essentially, it's a metaphor
for finding those untapped market spaces
where you face less competition.
Think of it like finding a calm, clear blue ocean
where you can sail smoothly, as opposed
to a crowded, choppy red ocean where everyone's fighting
for space.
So viral Ecom Ads is claiming that their ads can help you carve
out your own blue ocean, where you're not constantly
battling for attention with a million other dropshippers.
I like that approach.
It's about finding your niche and standing out from the crowd.
Yes.
They believe their targeted ads can help you do just that.
And they even offer a VIP club.
Ooh, tell me more about this VIP club.
What kind of deals are we talking about?
So in their VIP club, you can get four split-tested ads
for just $15.
Wow.
That's a steal compared to their regular price
of $40 for a single ad.
Wait, $15 for four ads.
OK, I'm starting to see why they call themselves viral Ecom ads.
Well, hold on.
Back up a second.
What exactly are split-tested ads?
Oh, good question.
So split testing means they create multiple versions
of your ad with slight variations,
like different headlines, images, or calls to action.
Got it.
Then they run all the versions simultaneously
to see which one performs best.
So it's like a scientific experiment for your ads.
Exactly.
They're constantly testing and tweaking
to find the most effective combination.
Yes.
That's pretty impressive.
OK, I'm officially intrigued by both AMZScout and viral Ecom ads.
Cool.
But I need to know more about how they actually work together.
OK.
Let's say I've found my winning product using AMZScout,
and I'm ready to create some viral ads.
What happens next?
It seems pretty straightforward from the video.
They find relevant video clips online that align with your product,
then they edit them to showcase your product specifically.
Got it.
Add compelling sales copy, and bam,
you've got a polished ad that's ready to be unleashed on social media.
So let me get this straight.
You find the product using AMZScout.
Yes.
Choose your ad type on viral Ecom ads,
submit the form, and they handle the rest.
That's the idea.
It almost sounds too easy.
Well, you know what they say.
If it sounds too good to be true, it probably is.
You're right.
There's got to be more to it than just pushing a few buttons
and watching the money roll in.
Definitely.
But still, these tools seem like they
could give aspiring dropshippers a serious advantage.
For sure.
What do you think?
What else should we consider before we jump into this world?
That's a great point.
And this video only scratches the surface of these tools
and the overall dropshipping process.
OK.
There's definitely a lot more to learn and explore
if you're serious about building a successful dropshipping
business.
OK.
So let's move beyond the hype and take a more realistic look
at what it takes to succeed in this competitive landscape.
I'm ready to go deeper.
Let's do it.
But first, a quick message from our sponsors.
Don't go anywhere.
We'll be right back.
We're back and ready to dive deeper
into the world of dropshipping.
Before the break, we were talking about AMZScout and viral Ecom
ads.
Two tools that promise to make dropshipping easier.
They sound pretty impressive.
But I think it's important to acknowledge that no tool can
guarantee overnight success.
Oh, absolutely.
I think it's easy to get caught up in the excitement
of finding the perfect product and launching those viral ads.
But as we all know, building a successful business
takes more than just shiny tools.
You're right.
It's not just about pushing buttons and watching the money
roll in.
Exactly.
So let's talk about those other crucial elements.
OK.
What are some of the things that this YouTube video might not
be emphasizing that are essential for dropshipping success?
Well, for starters, think about the whole customer experience.
OK.
Dropshipping isn't just about finding a product
and getting it to the customer.
It's about creating a positive experience.
Right.
From start to finish.
Right.
That means providing excellent customer service,
ensuring smooth order fulfillment,
and even thinking about things like branding.
OK.
And building a loyal customer base.
So it's about building a real business.
Yes.
Not just facilitating transactions.
It's about creating a brand that people trust.
Exactly.
And want to come back to, what about the competitive landscape?
Yeah.
It seems like everyone in their grandmother
is trying to start an online business these days.
Right.
How do you stand out from the crowd in such a crowded market?
It's definitely a valid concern.
The dropshipping landscape is becoming increasingly competitive.
Yeah.
So finding your unique angle is more important than ever.
So it's not enough to just follow the trends.
You have to find a way to differentiate yourself.
Yes.
And offer something truly unique.
How do successful dropshippers approach this challenge?
What are some of the strategies they use to stand out?
One effective strategy is to focus on niche markets.
OK.
Instead of trying to appeal to everyone,
find a specific group of people with shared interests or needs.
Got it.
And tailor your products and marketing specifically to them.
That makes a lot of sense.
It's about becoming the go-to destination
for a particular audience.
Exactly.
And building a strong brand is crucial as well.
OK.
This goes beyond just having a catchy logo or website.
It's about creating a consistent brand identity that
resonates with your target audience.
Right.
And conveys the value you offer.
So it's about creating an emotional connection
with your customers.
Yes.
Making them feel like they're part of something bigger
than just a transaction.
Absolutely.
And of course, providing exceptional customer
experiences is paramount.
OK.
This includes everything from having a user-friendly website
to responding promptly to inquiries.
Yeah.
And resolving issues efficiently.
OK.
So we've got niche selection branding and customer
experience.
Those are some pretty big areas to focus on.
They are.
Anything else that aspiring dropshippers
should keep in mind as they're building their businesses?
Well.
What about the legal and ethical side of things?
Oh, that's a great point.
And it's something that often gets overlooked,
especially by those new to the e-commerce world.
It's crucial to understand your responsibilities
when it comes to things like product safety, consumer
protection laws, and data privacy.
We're talking about real businesses here
with real legal obligations.
Exactly.
You can't just wing it and hope for the best.
No.
What are some of the key legal considerations
that dropshippers need to be aware of?
Where can they go to make sure they're operating above board?
The specific regulations will vary depending on your location
and the types of products you're selling.
But some general areas to research
include consumer product safety standards,
labeling requirements, and data protection laws.
So it's important to do your homework.
Yes.
And make sure you're compliant with all
the relevant regulations.
Exactly.
And it's not just about avoiding legal issues.
It's also about building trust with your customers.
Transparency is key.
OK.
Be upfront about the fact that you're dropshipping.
Yeah.
Don't try to hide it or mislead people
into thinking you're directly manufacturing or warehousing
the products.
Honesty is always the best policy.
And I think customers appreciate knowing where
their products are coming from and how the process works.
OK, we've talked about the tools, the broader business
context, the competitive landscape,
and even the legal aspects of dropshipping.
But there's one more thing I want to touch on before we move on.
What about the emotional side of entrepreneurship?
Starting a business, even a dropshipping business,
can be a wild ride.
Have you found that to be true?
Absolutely.
It's not all spreadsheets in marketing campaigns.
Right.
It's about having the passion, the drive, and the resilience
to overcome challenges and keep moving forward,
even when things get tough.
It's about embracing the unknown, right?
You're stepping outside your comfort zone and taking a risk.
And that can be both exhilarating and terrifying
at the same time.
You get the nail on the head.
And it's also about celebrating those small victories
along the way.
Yes.
Every sale, every positive customer review,
every milestone you reach is a reason to celebrate.
Absolutely.
Yeah.
It's so important to acknowledge those wins
and keep that momentum going, especially when you're
facing inevitable challenges.
Building a business is a marathon, not a sprint.
Exactly.
There will be ups and downs, but it's
the passion and the perseverance that will ultimately
determine your success.
I agree.
OK.
We've explored the tools, the strategies, the challenges,
and even the emotional roller coaster of dropshipping.
It's been quite a journey so far.
But before we send our listeners off
to start their own dropshipping empires,
I have one final question for you.
OK, I'm all yours.
If you could offer just one piece of advice
to someone who's on the fence about starting
a dropshipping business, what would it be?
What's the one thing they should know before taking that leap?
That's a great question.
I think I'd say this.
Don't let fear hold you back.
OK.
It's easy to get caught up in analysis paralysis,
overthinking every detail, worrying
about all the potential pitfalls.
Yeah.
But sometimes you just have to take that leap of faith
and see where it leads you.
So don't overthink it.
Just do it.
For that reason, of course.
It's still important to do your research,
make informed decisions, and have a solid plan in place.
But don't let fear paralyze you.
Embrace the unknown, take calculated risks,
and most importantly, enjoy the journey.
I love that.
Embrace the unknown, take calculated risks,
and enjoy the journey.
Words to live by, wouldn't you say?
Couldn't agree more.
OK, so much to think about.
But before we get too deep into those big picture questions,
let's take a quick break to hear from our sponsors.
We'll be right back with more insights on dropshipping.
OK, we're back.
And I got to say, it's kind of interesting
how this YouTube video makes dropshipping sound so simple.
Like, find a product, create an ad,
and boom, the money just starts pouring in.
Right.
It's tempting to think that's all it takes.
But I think we've talked about this.
There's more to the story.
Absolutely.
There's a lot more to the story.
I think what's missing from those kinds of videos
is the real story behind the scenes,
like all the work that goes into it.
The grit, the hustle, the constant problem solving,
and the dedication it takes to actually build
a thriving business.
It's not just about the tools or knowing
a few tricks.
It's about having the right mindset
and being prepared for the challenges that
are going to come along.
It's not a get rich quick scheme.
There's no magic button.
So let's talk about that mindset.
What are some of the personality traits or qualities
that you think are essential for succeeding
in the world of dropshipping?
Well, I think, first of all, you need
to be comfortable with uncertainty and risk.
I mean, dropshipping.
Like any entrepreneurial venture, it's unpredictable.
There are going to be ups and downs.
You need to be able to roll with the punches,
adapt to changing circumstances.
Munch of flexibility.
Yes.
Resilience are key.
Exactly.
You can't get discouraged by setbacks
or just give up when things get a little tough.
You need to be able to pivot, adjust your strategies,
and keep moving forward.
But it's not just about being tough, though.
It's also about being passionate.
Yeah, you have to have genuine passion for what you're doing.
If you're not excited about your products,
your brand, your mission, it's going to show.
And people can sense that authenticity.
Exactly.
It makes a difference.
It does.
It's about building a business that you believe in.
Yes.
Not just chasing trends or trying to make a quick buck.
Exactly.
I think that's an important takeaway from our discussion
today.
It's about building a brand that resonates with people,
providing excellent customer service.
And creating a positive impact on the world.
Dropshipping at its core is about building relationships.
It's about connecting with your customers, your suppliers,
even your competitors in a way that fosters collaboration
and mutual success.
Absolutely.
And it's those relationships built on trust and shared
values that will drive long-term success.
We started by talking about this YouTube video that
promised a simple path to dropshipping success.
We've explored some valuable tools and strategies.
But I think the biggest takeaway, the most important
takeaway, is that success in any business,
including dropshipping, requires more than just
following some formula.
It requires passion, dedication, resilience,
and a willingness to constantly learn and adapt.
Well said.
It's about embracing the journey.
The challenge is the triumphs.
And using them as opportunities to grow and evolve.
I think that's a great point to wrap things up.
It's been a fascinating exploration
of the world of dropshipping.
We've covered a lot of ground today
from the technical side of things,
like finding those winning products
and creating those effective ads to the broader business
principles of building a brand, providing excellent customer
service, and navigating the legal landscape.
But as we've discussed, the most important factor
in your success will ultimately be you.
You mindset your passion, your willingness
to put in the work.
If you're willing to do that, the possibilities are endless.
So to those of you out there feeling inspired and ready
to take on the world of dropshipping, we say go for it.
Yeah, go for it.
Do your research.
Find your passion.
And don't be afraid to take that leap.
And who knows?
Maybe one day we'll be featuring your dropshipping success
story right here on the deep dive.
I would love that.
Until then, keep learning, keep growing,
and keep diving deep into the world of knowledge.
Thanks for joining us today.
And we'll see you on our next deep dive.