5 Realistic Daily Habits That Helped Me Become a Millionaire

Empire builders, there’s no real secret to success. But if you want to know what makes the most difference, it’s this: your habits. The simple fact is that whatever you achieve in life will be the direct result of the things you do, day after day. Once you understand that life is the cumulative effect of your habits, then it becomes REALLY important to have the right ones, and that means setting deliberate and realistic daily habits.

Today I’m going to share something that I like to call BUILD, which are the five habits I do every single day. Following these habits over the last eight years has helped me build a business empire and become a millionaire. But these habits are not just about making money. In fact, one of the things that will really help you be successful in life is to become a well-rounded person. The realistic daily habits within BUILD allowed me to focus on key aspects of my businesses. But it also helps me excel in the other aspects of life. So how does BUILD work?

B Stands for Body: “How did you take care of your body today?”

Dropshipper starting his morning with exercise as one of his realistic daily habits

Being unhealthy means you get tired more often, you’re less productive, and you have a harder time concentrating. Are you going to have what it takes to build an empire in that state? I don’t think so, and that’s why health is so crucial for being successful.

The way I use the BUILD system is to sit down each quarter (or every three months) and come up with specific goals for each habit. In the case of the Body habit, your goal can be anything that you know will be excellent for your health. You might take a 45-minute walk, drink a green smoothie, or lift weights. It all depends on what works for you, which is what makes this system highly adaptable. Switch up your goals every quarter so that you can keep pushing yourself and make progress with your overall health. 

What I recommend, and what I do, is keeping track of your daily habits in a physical notebook by writing BUILD at the top of the page each day. Once you’ve accomplished the goal for your Body habit, you get the great satisfaction of circling that B each day. What that means is you’re taking care of your body and creating the foundations for success. 

U Stands for You: “What did you do today that you wanted to do?”

Screen grab of Peter Pru discussing the 'U' in BUILD

Again, you really need to create a well-rounded life if you want to be successful. This goal is all about avoiding burnout and making sure you have the time to enjoy hobbies or interests.

Right now, my You goal is to get back into golf. This is a sport that I used to love years ago, but I had stopped at some point and kind of forgot about it. But now I’m back to playing golf at least once or twice a week and absolutely loving it. Your You goal might be playing chess, learning a new language, playing video games, or literally anything else.  Give yourself permission to enjoy doing something you really want to do every single day.

I Stands for Income: “Did you do something to make money today?”

This one is obviously key, and it will look totally different depending on where you are with building your businesses. When I was getting started, the goals for my Income habit were all about making sales. It was literally “Did I make $1000 today?”. 

My Income goals have changed so much since then because my businesses have grown, and now I have a whole team. At this point, I’m guaranteed to make money because I have a really solid foundation. That means the goals for my Income habit will now revolve around the broader picture of everything that I do with my team, like developing new ideas and building up the systems and processes that we’ve already put into place. 

Keep in mind that this goal can also be something that relates to making money in the future. Doing something that’s really going to help push your business forward definitely counts!  

If you’re just getting started with your business, you really just have to be honest with yourself about what are the best ways to institute this habit for your unique situation. I talk a lot about the important realistic daily habits for building income inside our Ecommerce Empire Builders Academy, including what I call The Daily 6 and The Daily 3. This is something I cover in the first module of the course, so make sure you check it out!

L Stands for Relationships: “How did you make business relationships that can help your empire?” AND “How did you take care of your family and friends today?”

Someone chatting with friends and family over video

Obviously, there are two kinds of relationships here, and they’re both essential parts of your realistic daily habits — and your life. When it comes to your professional relationships, you’re just not going to get very far if you don’t network with other individuals that can help grow your business. So try:

  • Reaching out to an influencer who promotes products in your niche
  • Making a strategic contact at a conference
  • Hiring someone to help you with certain tasks
  • Something totally different that suits your business

You should always be thinking about how to make and improve the relationships that can help your business. 

And then we get to relationships that are even MORE important, which include your family and friends. The BUILD system is truly designed to give you a well-rounded life. The money will come, but you definitely don’t want it at the expense of not having good relationships with the people closest to you. Make it a daily habit to spend that quality time with them, even if it’s just sending a quick text. 

D Stands for Development: “How did you develop yourself today?”

Learning is how you grow, and it should definitely become a daily habit. Personally, I love reading. My development goals will typically be reading a book or going through some sort of useful online course that can help me sharpen some skills. 

There’s really an endless number of ways to develop yourself through realistic daily habits. But the most important thing is that you have to actually implement whatever you learned. 

For example, if you’re reading this, or you’re watching a video on my Youtube channel, that’s great. But are you going to actually incorporate these habits into your life and do it consistently? Because otherwise, it doesn’t even count.

In general, development only works if you take action based on the things you learn. Remember that your time is, by far, your most valuable asset. If you learn about these realistic daily habits but never do anything useful with that knowledge, then it’s pointless to even learn about them. If you learn about my dropshipping hacks and never use them in your business, it’s pointless to know about them. Even worse, I just took your most valuable asset! Don’t allow that to happen. 

Make sure the time you spend on development is really providing value for you. Yes, even when it comes to my own content. Don’t just consume it for the sake of consuming it. DO something with it. Otherwise, it’s really just a distraction from your goals, and that’s the opposite of what I’m trying to do here.

Consult With the Pros

There’s so much more to learn about building a sustainable, profitable online business, and I’m here to teach you everything I’ve learned. Get started with your empire by taking this free Ecommerce Empire Builders webinar! You can also see more advice and dropshipping strategies on my YouTube channel. Tagged : / / / /

How One of Our Clients Made $200 in His First Week of Dropshipping

One of our Business in a Box clients, Fredrick, experienced an impressive level of success with his dropshipping business. In his first week of dropshipping, he made $200. Here, we’ll explore his personal success story and some insights he has to offer that you can apply to your own dropshipping efforts. 

Fredrick’s story is yet another example of what you can achieve as a dropshipper, whether you’re new to eCommerce or a veteran in the industry.

How Encounters with “Gurus” Inspired New Career Goals

Fredrick’s dropshipping journey began around one and a half years ago. He came across several ads on Facebook featuring eCommerce gurus. In those ads, these so-called experts would show off the millions of dollars they were supposedly making. Fredrick thought that if they could do it, then so could he. 

From there, Fredrick signed up for an Amazon FBA course to get him started. However, he wasn’t getting to the point where he was able to sell products as opposed to investing in inventory. 

(As a side note, we believe that Amazon FBA can be a great way for beginners to get into eCommerce. But we also advise against using Amazon as your primary dropshipping platform.)

Be careful of relying on Amazon, which is more interested in helping themselves rather than its sellers. We recommend building your business on your own eCommerce platform first. Then use Amazon as a supplemental platform.

Discovering Ecommerce Empire Builders and the Value of Outside Help

Screen grab of Peter Pru and Fredrick discussing the importance of working with a team

While still struggling to get his dropshipping business off the ground, Fredrick discovered our videos on YouTube, which introduced him to the concept of dropshipping funnels. Like many other dropshippers, Fredrick wasn’t sure what to change about his business to make it successful. We understand that it takes work to experience success. That can entail everything from changing niches and products to making drastic changes to ad campaigns. 

What inspired Fredrick to hire Ecommerce Empire Builders to help him with his business was the fact that he valued his time. But Fredrick also knew that he had a lot to learn to make informed business decisions and see growth. 

The fact is that nobody is great at everything. Fredrick understood that he would need some outside help to ensure his business had the chance to thrive. While dropshipping used to be easy, with most individuals being able to do just about everything on their own a decade ago, times have changed. Today, it pays to work with specialized professionals with the resources and expertise needed to facilitate growth. This was something Fredrick was willing to do.

Our team started working on his business and preparing it for launch. Fredrick continued to learn more on his own and sought products to sell. He also delved into copywriting and other aspects of his business during that first week of dropshipping and beyond, contributing to his business’s growth and supplementing our efforts. 

Understanding That There Are No Magicians in eCommerce

Unlike many of those “gurus” out there who make it sound easy to make millions in a matter of months, weeks, or even days of launching a business, we want to make it clear that there is no formula for success. We are not magicians. Every business out there will experience success at different rates. While many of our Business in a Box clients have seen success right out of the gate, Fredrick was an exception. It takes time to turn your dropshipping business into a success.

In Fredrick’s case, the third time was the charm when it came to launching his business. The first two attempts at dropshipping didn’t bring much success. But the third was where we were finally able to reach his goals. While we worked to find out what would propel his business to success, Fredrick put his trust in us and allowed us to keep trying different strategies. Eventually, we were able to work with him to build a business that yielded optimal results.

Goals That Keep Fredrick Moving Forward: Going Beyond That First Week of Dropshipping

Screen grab of Fredrick discussing his goals

At Ecommerce Empire Builders, we also understand that an integral component of success is good goal setting. To keep him motivated and moving toward the next big opportunity, Fredrick has set several goals for himself. His current goals are to:

  • Hit $10k per month
  • Keep learning skills such as copywriting
  • Build his business in the long term

Fredrick is one of our clients who has a good understanding of the work involved in succeeding with an online business. While our team is here to provide reliable help, we can’t make any guarantees. 

No dropshipper should ever expect instant success. Even if they think they have everything in place, it can take some tweaking and drastic changes to finally determine what works. However, having a team of experts behind your business can make sure that you’re not alone in your efforts. Several professionals bring different perspectives to the table to pinpoint the most efficient strategies.

By looking at different ads, upsells, and other components and the metrics behind them, your team can help streamline your funnel to generate the best possible results. For example, with some diligence and reworking of Fredrick’s strategies, one of his upsells managed to reach a conversion rate of 17-18%. Of course, there’s always room for improvement. But it’s a matter of persistence and never giving up, even when things don’t initially seem to be going as planned.

The Importance of Starting Instead of Waiting: Make This Week Your First Week of Dropshipping

Dropshipper reading books to pick up new skills

Fredrick’s ultimate takeaway in working with us was that it’s best to get started on your business as soon as possible. The longer you wait before launching your business, the more time you’ll waste as nothing gets done. Many dropshippers strive for perfection with their ventures. But success takes time and effort, and perfection is ordinarily impossible during the first week of dropshipping. Over time, as you build your business and optimize your strategies, you’ll be able to gear your business for long-term success. 

Do you want to find out more about how you can succeed with your dropshipping business the way Fredrick has? Then reserve your seat at our free eCommerce masterclass. We’ll show you how you can build your business and harness the power of funnels to earn a full-time income online. You can also subscribe to my YouTube channel for more dropshipping insights and tips. Tagged : / / / /

Dropshipping vs. Drop Servicing: Which Online Business Is More Profitable?

Welcome back, Empire Builders! Today, we’re going to talk about a question I hear a lot. What’s better, dropshipping or drop servicing? Which will make you more money online? They’re pretty similar, so we’re going to go over what each one is and then get into which online business model is more profitable. So let’s jump right in!

What Is Dropshipping?

Dropshipping is a business model where you find a product to sell and use a supplier who will ship them directly to your customers. Instead of having a ton of products that you have to pay for upfront, store yourself, package, and ship to buyers, you just make sales. The supplier takes care of the rest. This is a great business model because you don’t have to put up the initial investment in the hopes that the products sell.

What Is Drop Servicing?

Screen grab of Peter Pru discussing the downsides of drop servicing

Drop servicing is a similar concept. But instead of selling physical products, you sell services. Basically, you find buyers who want a service—like writing, editing, or graphic design—then you take the job and collect the money, but you pay someone else to do the work. Really, you’re a middle-man between the client and service provider.  

The Pros and Cons of Each

Each of these business models can bring in good money if done correctly. They both have their strengths and weaknesses, though. Let’s go over the pros and cons of each one. That will really illustrate the difference and understand which one is going to get you the most money.

Pros of Dropshipping

You can make a lot of money without a lot of time, effort, or a large initial investment. In fact, you don’t have to worry about inventory or shipping at all. You just bring in the buyers, make the sales, and the rest is completely done for you. One of the great things about dropshipping is how much of it can be automated. You might get some customer service emails. But many of them are very similar, and you can use templates to reply.

Cons of Dropshipping

It’s not a get-rich-quick scheme. You do have to put in the work, just not as much as starting many other businesses. You have to find your niche, build a funnel, and advertise to drive leads to your funnel, which requires some time and money to set up.

Pros of Drop Servicing

It can be excellent money. Depending on the service you’re providing and the quality of the work, you could get upwards of a couple of grand a month from each client you work with. If you have a network of people who know you or a good reputation in the industry, that could mean steady clients and real money.  

Cons of Drop Servicing

Frustrated drop servicing business owner handling clients

One of the biggest drawbacks is that you’ll have to deal with the clients. When it comes to services, people expect a certain outcome. When you deliver the work, it often won’t be exactly what they wanted or expected. It’s very common for them to request changes, and you have to arrange them. You end up spending a lot of time on emails back and forth between you and the client, as well as you and the service provider.

Another issue is that you often don’t want the clients to know that you aren’t doing the work yourself, especially if it’s your reputation that brings them in. The last thing you want is for clients to come to you because of your reputation for doing quality work, only to find out that you aren’t the one doing it. That could destroy your business and your reputation, so it’s risky.

Another thing to consider is that you have to be good at advertising your services and getting sales. Bringing in steady clients and high-paying work is the hardest part. If you don’t have an existing foothold in your field, that could be difficult. If you aren’t providing something that the person or people doing the actual work can’t do for themselves, then why wouldn’t they just start their own business and make more money, right?

Another thing to keep in mind is that you have to be able to guarantee the quality of the work. Especially if you’re charging a couple of grand a month, the quality of the work has to be worth it. You can sell lower-ticket services, but then the profit is also going to be less. So, there’s a real balancing act that you have to be careful with here.

Why Dropshipping Is More Profitable

Screen grab of Peter Pru discussing the positives of dropshipping

Dropshipping is much easier to set up, it doesn’t require a specialized skill, and much more of it is easy to automate. Dropshipping suppliers buy huge quantities in bulk for a crazy discount which means you get a great deal. It’s even better if the supplier does their own manufacturing. It’s a great way to earn passive income that works well in the long term and doesn’t take a lot of time or money to start.

Drop servicing is harder to automate, so it takes a lot more time. You have to keep the client and provider separate, so the client doesn’t find out you aren’t doing the work, the provider doesn’t find out how much you’re making, and they don’t cut you out. The profit margin isn’t as good, it isn’t as passive, and it takes a bigger time investment to do properly.

Start With Your Preferred Business Model

You can do both at the same time, which I do myself. But without a team and a system in place like I have, it’s harder. In general, drop servicing just comes with a lot more headaches and fewer rewards than dropshipping does, especially if you’re just starting out. Dropshipping is super easy to scale, which means more money. But finding new clients for drop servicing isn’t as scalable, and each one you add means more time.

Okay, guys, that’s all I have for you. I’d love to hear what you think in the comments. To learn more about dropshipping and start building your own eCommerce empire, sign up for my masterclass. I’ll teach you how I made a full-time income online with a 5-page funnel and without touching a product, building a site, or investing in ads. I’ll even throw in the $100k funnel template FREE just for showing up. You can also subscribe to my YouTube channel for frequent tips and insights. Remember, your empire starts now! Tagged : / / / /

How to Start a Supplement Dropshipping Business

Welcome, empire builders! If you’re new here or still learning the ropes to dropshipping, you’re in luck. Today we’re going to quickly break down and run through the steps of how you can start a supplement dropping business. You’re going to learn how to build your supplement brand 100% online through dropshipping strategies. We’re going to discuss everything from picking out suppliers and supplements to understanding how to capitalize on these decisions through advertisement and sales funnels. With that being said, let’s jump right in. 

How to Start a Supplement Dropshipping Business

You’ll find that supplements are incredibly trendy right now with the current pandemic situation. But the truth is that they’ve always been a popular target for making sales. Everyone loves to buy that perfect supplement that offers them a little extra boost, and that’s part of what makes starting a supplement dropshipping business such an easy thing to capitalize on.

If you’ve never started a dropshipping business, supplements are slightly different due to the legality that comes along with them. So, if you’re unfamiliar with the market or don’t have time to learn about the legal aspects of marketing supplements, you can still start dropshipping with just $0. If your goal is to get into supplements and you have a bit of a budget, then this short guide is for you.

Selecting and Working With a Supplier

Screen grab of Peter Pru explaining how SMP works

Two suppliers that we’ve already personally vetted are Ship Offers and Supplement Manufacturing Partner (SMP). Both of these are dropshipping suppliers that focus solely on supplements rather than other products. So, how exactly does dropshipping for supplements work? Let’s break it down. 

When you pull up SMP, you’ll find their catalog with 242 results for different supplements that you can private label. This means that all of the science, ingredients, manufacturing, and product-specific needs are already put together. All you have to do is pick out the supplement(s) you want to put your label on. With SMP’s supplement catalog, you can quickly click on the items you think will fit your niche and goals. Then you can check out the supplemental facts to make sure they’re a great match. 

When picking out which products you want to sell as you start a supplement dropshipping business, you have two basic options. You can go white-label or custom creation.

  • White label is where the science behind creating, manufacturing, and handling the supplements is already done. White label products are ready to go and market as-is. All you have to do is work with a supplier to label the supplements and begin marketing them.  
  • With custom creation, you’re working with a unique, new formula and private labeling. The concept for the product is brand new, so there’s going to be more focus on creating the perfect formula, testing it, and actually purchasing inventory. 

Start a Supplement Dropshipping Business With Ingredients You Know About

Customer with supplements in his smoothie

In my personal opinion, especially when it comes to supplements, always sell stuff that you use. This can be a way to further market the products, but it can also build trust in what you’re offering.

Once you’ve selected a supplement, you can send an inquiry or request a sample. We always recommend that you reach out, make a call, and start the conversation. You’ll typically speak to a representative so you can learn about what their specific dropship process looks like. This is a great way to start building that relationship with the supplier, and it allows you to get to know about them.

Depending on the inventory of each supplier, sometimes there will be a minimum purchase of 100 or so units rather than on-demand options. This is commonly practiced with white labeling because that supplier will be taking their logo off a product and replacing it with yours. 

The same setup goes for the other supplier, Ship Offers. Its interface is similar to AliExpress. So those of you familiar with the platform may find them easier to work with as a supplier. They also offer fulfillment services. 

Beginning Sales and Marketing

As empire builders, you know that we have a basic strategy that we follow when creating and building any business. This strategy is proven to work and simple to use. The basic structure relies on three main components. 

  1. The Niche — What’s the niche you want to sell to? Specifically, who
  2. Crafting the Offer — What’s your audience getting other than your product? Direct guides that go with the supplement or maybe a bundle discount?
  3. Your Funnel — This is the structure of your sales pitch. It includes your niche lingo, what your offer gives customers, and more. 

Knowing how to build and use sales funnels will be crucial to growing your business.

Learning to Drive and Manage Traffic

Screen grab of Peter Pru discussing how to market supplement products and drive sales

Now that you’ve selected your supplements and partnered with a supplier, it’s time to drive traffic to your marketing campaign. For years, we’ve used the same basic strategy to manage and maintain our sales. This is especially true when you start a supplement dropshipping business. There are so many options out there, and brand loyalty is major among consumers.

The trick is combining influencer shoutouts with retargeting ads. The idea behind it is that you’re driving warm traffic to your offer and your funnel. Retargeting ads then pop up for consumers that have already seen a little bit of what your brand has to offer. Whether that be through an influencer’s post or another ad, the exposure of seeing your business’s supplement offer pop back up is warming them up to the idea that you’re familiar and they have a connection with you. 

Through these ads, lead consumers back to your landing page for a specific supplement. Showcase the ingredients and supplemental facts. Then highlight similar products that are frequently bought together, and offer even more deals with bundles. Your landing page can be extremely basic but display the highlights customers care about:

  • What are the ingredients?
  • How do you use it?
  • Can we see people using it?
  • Can we see some reviews?
  • Where do I buy it?

Learn More About How to Start a Supplement Dropshipping Business

If you’re ready to start a supplement dropshipping business and you want to learn more about suppliers, ads, and funnels, register for our webinar today. Don’t miss out on all the knowledge and strategic planning we have to offer you in order to make your supplement dropshipping business a success. You can also receive frequent insights and tips by subscribing to my YouTube channel about dropshipping, sales funnels, and growing your business. Tagged : / / / /