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 : / / / /

One Easy Way to Make Money Online as a Broke Beginner Today

There may seem like plenty of opportunities to make money online today, from opening an ecommerce store to affiliate marketing. However, if you’re a beginner looking for one of the best ways to make money online on a tight budget, we’ve found one proven way to build your business, regardless of your starting budget. Here we’ll go over our proven strategy that can get you on your way to earning a full-time income online.

Find Your Niche

Many people just starting to make money online make the mistake of looking for winning products that are merely the most popular. Even if you believe that finding the right product is the key, you’ll wind up trying to figure out who is interested in that product. Ultimately, you need to focus on the people you’re selling to and their niche. Based on this niche, you can determine which products those people are buying. At the same time, you can figure out how to differentiate yourself from the myriad competitors out there selling to the same niche.

When searching for a niche, look for certain hobbies that people love. Ideally, you should pick a hobby that you also personally enjoy, which can help you put yourself in your customers’ shoes as you sell to them. There are hundreds of hobbies and passions out there to choose from, but try to avoid spending too much time finding one.

Factors to Look for in a Winning Niche

As you choose your niche, there are certain factors to consider that will help you make the right choice. As you select your niche, make sure that:

1. It’s Evergreen

If you want to experience long-term success with your niche, you need to find a niche that’s not going to go away. This is why you should focus on an evergreen niche such as passions or hobbies. 

2. There Isn’t Too Much Brand Loyalty

In addition to being evergreen, your target niche shouldn’t be too competitive to the point where it’s too hard to get ahead. There will always be competition, regardless of the niche you choose. But try not to go into one where you’ll be competing mainly with established giants like Apple. 

3. There’s an Even Mix of Physical and Digital Products

It’s also important to ensure your niche has a balance of physical and digital products. This will enable you to generate multiple revenue streams within your niche so you can make money online. 

Finding Example Products Within the Niche

Peter Pru showing how to browse for product ideas on Amazon

Once you’ve found your niche based on the criteria listed above, you can begin searching for profitable products within that niche.

Browse Amazon for Relevant Products

As an example, golf is a popular niche that can yield success for many people new to ecommerce. When looking for golf products to sell, you can start your search on Amazon. It’s important to keep in mind that you shouldn’t start immediately selling on Amazon, seeing as this platform is out for itself and can essentially “steal” business from you if you rely on it from the start. Amazon is great for supplemental income streams, but you’ll only be helping Amazon grow if you make it your primary ecommerce platform.

What you’re looking for on Amazon are example products to give you some ideas. For example, when searching for “beginner golf,” a mix of physical and digital products shows up. You’ll see a selection of books—including Kindle eBooks—along with golf clubs and golfing aids. All of these indicate that you’ve found a great niche capable of giving you ample income from several sources. 

Search for Products to Sell on AliExpress and ThePLRStore.com

Now that you know what kinds of possibilities there are within your niche, you can begin looking for products to actually sell. For physical products, you’ll want to look for a dropshipping supplier on AliExpress. For digital products, you can visit ThePLRStore.com.

Determine What Sets Your Products Apart From Competitors’ Offerings

As you search for products, it’s also crucial to figure out what differentiates your products and business from competitors’. The fact is that we live in a time when it’s easy for people to find the products they want nearly anywhere online, including Amazon. You need to figure out how to get people to buy from you specifically over competing brands.

You can differentiate yourself and your offerings by showing how your products:

  • Save money
  • Save time
  • Simply have a unique appeal

Crafting Your Offer to Make Money Online

Dropshipper thinking about how to optimize his product offer

With your products and differentiating factors determined, you can begin developing a compelling offer. For instance, suppose you find a selection of golfing eBooks and golfing aids. You don’t want to sell them separately in hopes of earning income through both. Instead, create a package of both physical and digital products that’s unique and appealing to your audience. 

The key to being successful as an online business, above all else, is to offer value to your audience that they won’t find elsewhere. Offering a combination of helpful physical and digital products is instrumental in conveying the value you bring.

The plain truth is that if you try to take shortcuts to make money, it’s unlikely that it will work.

Using AliExpress and ThePLRStore.com

Peter Pru discussing how to find upsell ideas

Generally, AliExpress is one of the best places to look for a good supplier for your physical products. When searching for “beginner golf” products, you’ll find a large selection in this niche alone. However, as you look for products to offer, the best policy is to look for products that your audience is already buying.

You’re likely to find many great products that people are buying on Amazon and that they can find for even less through AliExpress. When it comes to developing an offer that gets people to buy your products specifically, this is where ThePLRStore.com comes in handy. At ThePLRStore.com, you’ll find a wide selection of information products, including eBooks, guides, worksheets, and more. PLR stands for “private label rights,” which means that when you purchase eBooks or other materials through ThePLRStore.com, you can rebrand them to be your own and represent your business.

On ThePLRStore.com, we found a golf guide package containing a whole list of articles that cover a wide range of topics. You can rebrand these articles to be yours. Then either sell them or give them away for free when you sell your physical products. If you’re wondering why you can’t simply sell digital products, the fact is that they’re often difficult to sell on the front end. On the other hand, if you package them with physical products, you can easily make a killing with these products.

Setting Up the Sales Funnel

After selecting your products and creating offers with uniquely appealing bundles, you can begin implementing them in your ecommerce business by developing a funnel. There are several core components of a winning funnel that will help you maximize conversions.

The Squeeze Page

Don’t just simply driving traffic from an ad to your Shopify store or another ecommerce store. You should bring people to what’s called a squeeze page. This page is the first step in the funnel that will convert traffic into customers. These pages ask for items like the person’s name, email, phone number, and other relevant information to lead to an instant purchase.

The squeeze page will then detail the specific offer you want to provide, including the different products and their features. This is also the page where you should detail the specific benefits of turning to you over competitors, whether you’re saving people time or money or solving another pain point.

If your squeeze page is effective, you’ll be able to save a lot of clicks. You’ll also convert people earlier in the buying process than you would with a bare-bones ecommerce store. 

OTO Pages

One-time-offer (OTO) pages are pages intended to offer upsells once a customer has made an initial purchase. Keep in mind that both squeeze pages and OTO pages are for one-click sales. There are no shopping carts involved in an effective funnel. You can include as many upsells as you want to maximize your average cart value (ACV). But try not to annoy your audience, and ensure each upsell adds value to customers’ purchases. One or two great upsells can be the key to maximizing sales.

One of the best ways to find out which products are best to offer on OTO pages is to look at Amazon for items that are “Frequently Bought Together.” 

Find Your Niche and Build a Winning Sales Funnel to Make Money Online

If you’re working with a minimal budget and want to make money online anywhere in the world, this strategy can help you achieve your goals. You just need to:

  • Find your niche.
  • Locate the right products within that niche.
  • Build an effective funnel with a series of enticing offers and bundles.

Then you’ll be able to increase your revenue on a long-term basis.

For more details about how to build a full-time income online regardless of your starting budget, attend our free ecommerce masterclass. Then watch more videos about how to implement winning sales strategies on my YouTube channel. You’ll learn how you can harness the power of funnels to generate more traffic and drastically increase your earnings.  Tagged : / / / /

Student Success Story: How to Use Dropshipping Funnels to Make $50k a Month

Yet another success story that highlights the value of dropshipping sales funnels and persistence is that of Jacob Jones, one of our students here at Ecommerce Empire Builders. Jacob managed to go from zero to $50,000 per month using a winning strategy. He continues to thrive in his niche, largely by knowing how to use dropshipping funnels through Clickfunnels. Here we’ll go over his story and the specific strategies he’s used over the years, which you can implement for your own dropshipping business.

Starting With a Simple Shopify Store and a Simple Idea

Around three years ago, while working as a server and in real estate, Jacob and his friend decided to give dropshipping a try. Shortly after launching his store and getting some traffic to it, Jacob began making a few sales and began to see the possibilities of ecommerce. Those few sales were enough to inspire him to keep trying. So he decided to launch a Shopify store before getting into Clickfunnels.

Jacob didn’t try to launch his business without some outside help, however. He began watching YouTube videos and other content to educate himself about dropshipping strategies that could fuel his success. After some learning and contemplation, Jacob finally decided to launch his store and focus on a specific niche with the hope that it would work in his favor. A few stores later, Jacob has seen the success that he aspired to from the start.

The first store that Jacob launched was on Shopify and focused on a highly specific niche. Today, that store is still running and succeeding. At the time of launch, Jacob was working full-time. He decided to wait to see how the store would perform before making dropshipping his focus. As he began to make sales and see the opportunities available to him, he started to grow his business. Jacob also built a relationship with a reliable supplier that’s still going strong. Eventually, after seeing a considerable amount of sales with a basic store selling baby bags, Jacob moved to Costa Rica and left his full-time job to focus solely on growing his brand.

Additionally, Jacob has recently begun using Clickfunnels. He learned how to use dropshipping funnels that move customers toward a sale more efficiently. 

Making His Products Feel Like His Own

It’s important to make your products feel like your own and ensure customers associate them with your unique brand. Jacob understood this early on and continues to seek white-labeled products that he can rebrand with his own custom-designed packaging. This way, his customers receive his products and perceive him as their key provider, not merely a reseller. Subsequently, customers are more likely to visit his store again to purchase the same or similar products.

Keep in mind that when selling on an eCommerce store, people will want to purchase whatever assets belong to your business. A basic store selling AliExpress products with no rebranding can still be valuable as you collect emails and other assets. But your individual brand could also be a huge selling point. This is particularly the case if you have long-term customers who’ve come to trust your brand over others.

Setting Goals That Drive His Success

Screen grab of Jacob Jones and Peter Pru talking about how to use dropshipping funnels

Another key to Jacob’s success has been to set clear, realistic, and exciting goals that keep him continually motivated. One of his main current goals is to get into the Two Comma Club by the end of the year. He’s well on the way to achieving this goal. To attain this, he’s developing a store he launched about a month ago through Clickfunnels. So far, the new store has earned him around $95k. Another Shopify store that he started in May 2020 has already earned him around half a million within a year. 

One key goal that Jacob believes will help him achieve his ultimate goal is to continue using sales funnels via Clickfunnels. He intends on implementing this in future stores.

How to Use Dropshipping Funnels by Working With a Solid Team

Jacob also understands the value of a strong team working with him to achieve his dropshipping goals. If you want to go it entirely alone, you’re going to struggle. As your store grows, tasks will become overwhelming and difficult to manage. To keep his stores running efficiently, Jacob works with a virtual assistant. He’s also quick to emphasize the importance of delegating mundane and time-consuming tasks whenever possible. 

Jacob’s team is relatively small, consisting of him, a VA, and his supplier. But he intends to recruit more staff as his business continues to expand. Once you know how to use dropshipping funnels effectively, you can start to scale your business, too.

Sticking to an Effective Daily Routine

To help him stay focused on a regular basis, Jacob has developed a healthy daily routine that he follows. Now that he’s self-employed, he has ample time to dedicate to his business, which is reflected in his routine. Although you may not be at this level quite yet, you can get there eventually with the same persistence.

To start off his day, Jacob wakes up anywhere between 8 and 8:30 AM. He then begins writing down his daily tasks to establish a clear roadmap from dawn to dusk. As the day progresses, he checks off these items to keep him in line. This strategy gives him specific plans for every day, making sure he stays busy and productive.

Managing a Dependable Network of Ads

Screen grab of Jacob Jones and Peter Pru talking about dropshipping

Jacob also relies on several channels for his ads as part of his strategy for how to use dropshipping funnels. In addition to Facebook, which attracts around 90% of his total traffic, he runs ads through Snapchat, Google Ads, and TikTok. While he’s currently struggling with a Facebook ad campaign for his Clickfunnels store due to his specific niche, he’s working to mitigate this and get the most from this platform.

We believe that it’s perfectly fine to target multiple channels for ads as long as your target audience uses those platforms. But this isn’t necessary, either. We’ve found that many successful dropshipping businesses are able to pull in most of their customer base from a single source, such as Facebook or YouTube. If you can find that one specific channel that yields the best results, we definitely recommend sticking with it. The fewer platforms you use for ads, the easier your campaigns will be to manage.

Harnessing the Power of Email Lists

As he works to monetize non-buyers for his business, Jacob is proud of his email lists, which he sees as his main assets. It took him some time to begin building email lists, but he eventually took the time to get them up and running to his benefit. In the process, he’s been able to more easily stay in front of customers’ faces and connect with prospects and existing customers alike. 

We perceive email lists as particularly valuable because of their ability to influence people’s buying decisions more effectively than other marketing efforts. You can:

  • Show your recipients videos of influencers using your products.
  • Send enticing offers.
  • Showcase your brand in other ways to keep your audience aware of you.

Consistency Is a Key Part of How to Use Dropshipping Funnels

Dropshipper learning more about how to run an ecommerce business

When asked what Jacob recommends most to others looking to get into this business, he stated that persistence and consistency were vital. Jacob is able to devote most of his time to his endeavors now that he’s self-employed. But even if you’re still working a full-time job, you can gain the freedom he has by sticking to a strategy that works. Don’t be deterred by slow periods, and keep at it until you begin to grow your business. Over time, you’ll be able to overcome the various challenges you’re likely to face and then experience the kind of success that Jacob continues to enjoy. 

Like most success stories, Jacob’s is one of hard work and resilience that helped him get ahead. What helps him to grow further and move forward is the fact that he still doesn’t see his story as one of success quite yet. He’s always aiming toward a new goal to land him on the next plateau.

You, too, can build a winning dropshipping business by using sales funnels, high-quality and rebranded products, comprehensive ad campaigns, and a generally consistent strategy. If you want to learn more about how to use dropshipping funnels, succeed as a dropshipper, and earn a full-time income online, reserve your seat at our free ecommerce masterclass today. You can also pick up new tips and insights by visiting my YouTube channel. 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 : / / / /

Our Dropshipping Support Service Picks Products and Generates Ads

Empire builders, working harder in the new year is a great resolution. But working smarter is even better, which is why we’re currently rolling out Ecom Cheetah. It’s a game-changing new dropshipping support service that can help you grow your ecommerce or dropshipping business faster than ever. I call it a game-changer because this comprehensive service helps you with every aspect of product research and marketing.

Do you need to choose a product, find a supplier, or create some killer advertisements? Ecom Cheetah does it all. This dropshipping support service is actually a way for you to tap into all the wisdom that we’ve accumulated here at Ecommerce Empire Builders over the years.

Working Smarter With Ecom Cheetah 

One of the most common things I see with people just getting started in ecommerce, especially with dropshipping, is that they will subscribe to software programs or apps that tell them what products to sell. The problem is this type of software will spit out the same random products to all their clients. You end up competing with thousands of other dropshippers! That’s no way to build a successful business.

At Ecom Cheetah, we handpick dropshipping products for you and curate them to your specific niche. We don’t just provide you with these winning products. We also hook you up with a vetted supplier that has a proven track record. 

And that’s just the beginning. Ecom Cheetah is designed to become an extension of your marketing team. Our dropshipping support service includes everything from custom Facebook ads to high-quality digital information products that you can use to bump up the value of your physical products.

Imagine plugging into a system that’s already been built, instead of having to create everything yourself from scratch. That’s the idea behind Ecom Cheetah. We have such a powerful team here at Ecommerce Empire Builders, and we’ve been at it for a long time. That passion for effective direct response marketing techniques is why you won’t have to explain to us how to create a great Facebook ad. The alternative is going out there and hiring a graphic designer on platforms like Fiverr or Upwork. You often end up having to go back and forth with that person to explain exactly what you need. This takes up valuable time and energy.

How to Get Started With Ecom Cheetah 

Live tour of the Ecom Cheetah work process

Start by watching the live demo of our Ecom Cheetah interface above, which includes detailed information about its current suite of services. I say “current” because we’re constantly thinking about what else we can do to add more value and make this tool even more indispensable. Right now, we have Winning Products, Winning Facebook Ads, Offer Stack Images, and Info Products. 

Your monthly membership gets you an unlimited amount of each of these essential services. You might be asking, ‘Why these services?’ It’s because these are the ones I think everybody wants and needs for a successful ecommerce business, especially if you’re just getting started!

It’s common to be very indecisive about choosing the product for your business. I’ve seen many, many aspiring dropshippers get stuck at this stage. Ecom Cheetah does all the research for you and sets you up for success. Unlike the software that just spits out some random item, this process is highly customized. You answer some questions that will give us an idea of your specific niche. We take it from there to find a unique product for you. But not just one — we actually give you FOUR product options, and you can choose the best one. If you already have an established business with a certain type of product, you can let us know, and we will find something similar. The same goes if you let us know you’re specifically looking for US-based suppliers. We can make it happen. 

Winning Ads for a Winning Product

Live demo of how Ecom Cheetah's Ads Request feature works

We all know it’s not just about choosing the right product. It’s about making that product shine. Once you choose your winning product, you can submit it for custom Facebook ad images. Creating Facebook ads is much more of an art than a science. But the Ecommerce Empire Builders team is one of the best. 

Our designers have been trained to implement and understand effective ecommerce techniques. We’re getting an average of between 3% and 5% CTR (Click Through Rate) on our Facebook ads. Yes, consistently. And we’ve even been known to cross the 10 percent barrier. Getting these kinds of numbers with your Facebook ads will help people reach your Shopify store, your landing page, or wherever else you’re directing them. When you have a 3-5% CTR on your ads, building a profitable business becomes a lot easier. 

Like I said, your Ecom Cheetah membership gives you unlimited access to these tools, including unlimited ads. So why do you need unlimited ads? Because the secret to having phenomenal success with Facebook advertising is having different ad variations and then testing which one works the best. The other issue is that Facebook’s algorithm has a preference for showing its users different kinds of ads. 

With unlimited ads, you can experiment, test, and fine-tune the different images that we give you. Once you know which Facebook ads are really working for your business, you can come back to Ecom Cheetah and request variations of the winning ads. 

What It Takes for High Perceived Value

Most ecommerce is based on intrusive marketing. That means you need to be able to motivate prospective customers to really want your product. They have to get up, go get their wallet or purse, take out their credit card, and buy from you. That’s really not an easy thing to do. So you have to make sure visitors see a product with a very high perceived value when they click the ad and get to your page. Essentially, they have to see something that’s actually worth their hard-earned money! 

This brings us to the final two services on the Ecom Cheetah platform: Offer Stacks and Digital Info Products. 

Digital info products are one of the easiest, most effective, and most versatile ways for you to bump up the perceived value of your physical product. Whether it’s a PDF, an ebook, or a different digital file, these info products should be interesting to that prospective customer. Are you selling fishing rods, for example? Your digital info product can be helpful information that will help the customer improve their fishing. 

The digital info products technique is very popular for the simple reason that it works very well. But some people can overcomplicate it. For example, they don’t know if they should hire someone on Fiverr to write the info product or buy something pre-made. 

That’s why I think that the unlimited Digital Info Products are probably my favorite aspect of Ecom Cheetah. We will buy the information that’s relevant to your product. Then we’ll curate it, edit it, make sure it has a consistent theme, and deliver a high-quality digital info product for you. It’s as simple as that. 

Focus on the Offer Stack

Once you have your digital info product, there is one final step to make sure your product has a high perceived value. The Ecommerce Empire Builders community has to know all about offer stacks by now because I’m always talking about them. But in case you’re brand new, this fantastic technique is all about showing the customer everything they’re getting when they buy for you. 

For example, are they getting the physical product and also three relevant ebooks? You need to really show that. 

Our dropshipping support service creates Offer Stack images that present your “offer” in the most visually appealing way possible. This service is a way for your product to stand out and have a higher perceived value. It will spark that gut check that makes the customer want to buy right now

Build Your Business With Our Dropshipping Support Service

Dropshipper looking happily at her laptop

With Ecom Cheetah, you can have everything you need under one roof. This dropshipping support service will only be available to a limited group at the moment, but it’s a great opportunity for anyone in the ecommerce space. Whether you’re running a Shopify dropshipping store or using an ecommerce sales funnel with Clickfunnels, you will benefit from being able to plug into our successful system.

Learn much more about creating a successful ecommerce business by reserving your seat in our free sales funnel masterclass. You can also check out fresh tips and insights on the Ecommerce Empire Builders YouTube channel. Tagged : / / / /

Turn Any Dropshipping Shopify Store Into a Money Making Machine

Empire builders, have you been struggling to generate consistent profits through your ecommerce endeavors? If you have, this article is for you. Today, I will take you through the process of turning your struggling dropshipping Shopify store into a money-making machine. I asked on our Instagram page for followers to submit their Shopify stores for me to review. I got a ton of responses and chose to review the store whose name grabbed my attention. 

Through my review of this store, you will learn what this ecommerce business is doing right, what they’re doing wrong, and how you can integrate their most useful elements into your ecommerce business today. Read on to learn how to transform your Shopify store into a money-making machine. 

The Yoga Alien Review 

The ecommerce store I choose to review is yogaalien.co. Right out of the gate, the domain name this ecommerce business chose is fantastic. It’s a name that grabs your attention and makes you do a double-take. However, I don’t like that the store chose a .co domain. My advice will always be to go with a .com domain. Even if it means picking a different domain name, always go with the .com as it provides more credibility to your ecommerce business. 

Every Dropshipping Shopify Store Needs a Clear Niche

Another element that the Yoga Alien got right is having a niche. They sell yoga products. Yoga is their niche. In ecommerce and dropshipping ventures, it’s important to niche down and sell in a specific category or sell a specific product. Having a niche is the best way to sell to a direct group of people and to create a strong brand relationship with your customers. Before you start your ecommerce store, determine what your niche will be. 

Areas for Improvement in This Dropshipping Shopify Store

Screengrab of Peter Pru analyzing YogaAlien's web copy

While I love the company name and that they have a clear niche, there are quite a few elements that I would change on Yoga Alien’s storefront. Every successful ecommerce store is supported by great copy, images, and amazing offers. Yoga Alien’s dropshipping Shopify store could use a revamp on some of these elements. The copy the Yoga Alien uses does not give the customer enough of a reason to invest in the brand or products of Yoga Alien. Remember, the copy on your store has to provide your customers value and assure them that your product or service will solve some sort of problem that they are facing. For a yoga store, the copy should play toward transforming a customer’s life through health, fitness, and mindfulness practices. 

On the Yoga Alien storefront, I would also love to see more highlights of customers using the products, customer reviews, and better offers. If you want to generate more sales, make sure your store has high-quality images of your product being used, multiple customer reviews with photos, and an amazing offer that customers simply can’t get elsewhere. 

Credibility Is Key — Make It the Foundation of Your Dropshipping Shopify Store

Screengrab of Peter Pru discussing the importance of digital products for niche products

Now that we’ve learned what the Yoga Alien store did right and what they could work on, what does this mean for your ecommerce business? Well, the most important element to keep in mind when turning your Shopify store into a money-making machine is credibility. When it comes to creating successful dropshipping businesses, credibility is key. Build your store’s credibility through these six elements:

1. Domain Name 

First, always go with the .com domain as it instantly provides more credibility for your business. Your domain name should make sense, but it should also grab your customers’ attention. Yoga Alien is a domain name that makes customers do a double-take, but it also makes sense for the business because they sell yoga products. 

2. Niche 

A niche store will always garner more credibility compared to a general store. Always chose a niche category or product when creating your ecommerce business. A niche portrays your business as a specialized leader in a specific category. 

3. Purposeful Copy 

While this is often an overlooked element, your copy matters when creating a profitable ecommerce store. While the copy should be catchy and draw customers in, it should also be purposeful and add value for the customer. 

4. Customer Support and Interactions

A profitable ecommerce store also relies on customer support. Reach out to your customer to have them send in their honest reviews of your product. Also, be willing to provide an incentive for your customers to send in their own photos and testimonials using your product. Customer support goes a long way in establishing credibility for your store. 

5. High-Quality Images 

Credibility also comes from having high-quality images on your store. Your store simply won’t be taken seriously without high-quality background images and high-quality images of your products.

6. Amazing Offers 

The final aspect of creating a credible store is your offer. Every ecommerce business is not only competing against Amazon but also against each other. When going up against Amazon or other dropshippers, you can’t just compete on price. This is not a strategy with longevity. You need to create offers and bundles that customers can’t get elsewhere. A great way to separate yourself from the competition is through information products. Remember, you’re not just selling a product. You’re selling a solution. So you have to separate yourself from the rest of the pack. 

The 4 Pillars of Ecommerce 

Ecommerce business owner working on his Shopify site

Through consistency and execution, you will be able to build your store’s credibility and create a money-making ecommerce store. If you’re feeling stuck, just remember the four pillars of ecommerce:

  1. Find Your Niche 
  2. Create a Compelling Offer 
  3. Build Out Your Funnel 
  4. Drive Traffic to the Funnel 

Consult With the Pros 

It’s my hope that this information will put you on the fast track to creating a Shopify money-making machine. However, if you feel like you need a little more guidance in setting up your own profitable ecommerce business, feel free to reach out to us today. 

At Ecommerce Empire Builders, we can help you build, launch, and scale your own profitable dropshipping business. So get the ball rolling — sign up for access to our exclusive free webinar today. Be sure to check our YouTube channel for even more free resources and insights into the dropshipping and sales funnel industries. Remember, your empire starts now! Tagged : / / / /

Start These 3 Massive Passive Income Opportunities in 2021

People love to talk about passive income, but they don’t really tell you how to get to that level. Today we’ll show you our three favorite passive income opportunities for online businesses. You will learn how you can start implementing these things into a new or existing business.

What Is Passive Income?

Screengrab of Peter Pru discussing the timeline for passive income growth

Passive income takes activity on your part to get started. Having sufficient passive income is possible, but it usually comes from many income sources. We have about 20 income sources, and a lot of them are happening even while we sleep. 

You may be trying to get passive income quickly. Realistically, it does not happen right away. By putting in a little effort over the next month, six months, and beyond, you will see passive income starting to come into your bank account.

Our first tip is our favorite way to start making money and turning it into passive income. It’s called ecommerce. Why is ecommerce one of the best passive income opportunities out there? Think about everything going on in the world right now. You have probably been ordering things mainly online for the past few years. Buyers continue to double month after month through online shopping. Wouldn’t you want to start your business around an industry that is already on the up? Of course you do! That is why ecommerce is our favorite way to get started, especially through dropshipping.

1. Dropshipping

Why do we say dropshipping is our top choice? Overall, it is the lowest risk and lowest cost way to get started.

Maybe you have a lot of money to get started on these passive income opportunities, and maybe you don’t. When we were getting started, we didn’t have a ton of money to reinvest into a new business. If you do, that’s perfect — it is going to make your journey a little bit easier. The goal is for you to make everything low-risk and at a low cost to yourself when you get started, especially when it is a new business idea. 

Consider these tips:

  • DON’T do things that are going to take up a lot of your time.
  • DON’T get involved in things that require a lot of upfront money.
  • DO start out with something low-cost.
  • DON’T spend time sourcing a huge volume of inventory.

For dropshipping, you generally work with overseas suppliers. They ship products on your behalf to your customers. Your job is 100 percent just to market the product. They give you a good price for products, and you charge more to your customers. You take the difference from what your customer pays, making it nearly risk-free. You could start with a couple of hundred bucks.

All the methods you are learning today can be stacked together. To generate real passive income, it works better when your income streams are complementary to each other. You should not completely rely on just one product, supplier, or method. Why? Because if your main one gets cut, all your income streams die. However, you do want them to be complementary. That way, when you are working on one thing, you are impacting the others, as well.

2. Sell Digital Products

Dropshipper organizing her passive income streams

Our second favorite way to start generating passive income is selling digital information products. Selling digital products is amazing because you create them once and then sell them over and over and over again.

The profit margins are better than selling physical products. There is a caveat, however, and we are sharing it here since we know some of you will decide to skip the dropshipping. Selling digital products only or by themselves can be very, very difficult. So how do you do it? How do you start?

Here is what we recommend. Let’s say you start a dropshipping business selling fishing equipment. Then you decide to start selling digital products. What you would do is sell digital products to the people that are already buying your physical fishing products. This is a sales technique called upselling.

For example, a customer buys a fishing lure from you. After they make that purchase, they go to your first upsell page with one click. You say, “Hey, do you want to purchase our five-video mastery guide series for tying your own fishing lures?” When they click “yes,” they purchase it with one click and are automatically billed.

The Big Benefit of Digital Products

That digital product — the video series — was created once. Maybe you paid somebody to create it for you or you made it yourself. You have some time invested in it. But every time you sell that video series, it is free money.

If you have a dropshipping business right now, try this. Put together a video course, a high-quality PLR (private label) product, or a PDF product. You can purchase information products from other websites and then resell them under your own label. It’s a great way to resell products and not have people asking for a refund.

The key is over-delivering the information products. With physical products, customers wait to get something in the mail — we call it the Christmas effect. We call a digital product the Amazon effect because they get it right away. Follow these tips:

  • DO sell the physical product first.
  • DON’T try to sell digital products as the front-end product.
  • DO upsell the digital product.
  • DO sell a mixture of both to start creating passive income.

3. Affiliate Marketing

Our third favorite way to build passive income is using affiliate marketing. Once you have your dropshipping business going and upselling digital products, it is time to add affiliate marketing. This essentially is where you sell other people’s products and earn a commission. You send them customers, and they handle the fulfillment. They manage all customer service, and you make a commission.

Affiliate marketing is a great business model but remember: you are not building your own business here. You are helping somebody else build theirs. It is important that you build your own customers and your own business. Don’t spend all of your time helping somebody else build their empire. You should even have affiliates for your own business!

Use affiliate marketing to interweave with your business for products that you don’t ever plan to sell. It is an amazing way to boost revenue for your business.

How to Start Affiliate Marketing

Let’s say, for example, that your business is selling supplements like green juices and smoothies. You like selling these products to fitness pros and people that love working out, but you are not interested in creating courses on that topic. The alternative is going to affiliate marketing websites such as Clickbank.com. You can sign up to be an affiliate for video courses, PDFs, and digital products. When your customers purchase the green juice, you refer them to the other company’s video training course (or whatever it is) and earn a commission. But keep these tips in mind:

  • DON’T refer your customers to other people’s products that you may sell in the future.
  • DON’T refer your customers to affiliated products just for the sake of earning a commission.
  • DO refer your customers to products that will benefit your customer, and you have no plans of launching yourself.
  • DON’T refer your customers to affiliate products that you would not use.

How to Put Together the Three Income Streams for More Passive Income

Ecommerce Empire Builders workshop

A good interweaving of these three business models is the way we recommend setting up your ecommerce business. You are making sales in your dropshipping store, you are selling digital products, and you also have some affiliate marketing products. It makes three income streams created from one single dropshipping product.  

Which one of these are you going to implement in your business today? At Ecommerce Empire Builders, we give you all the tools to launch the massive, passive income opportunity you need for 2021! Follow this link to get in on an exclusive, free webinar to learn in detail how to start a passive income business. And remember, your empire starts now! Tagged : / / / / /

Take This Full FREE Ecommerce Dropshipping Course on Using Sales Funnels

Welcome back, Empire Builders! This time I have something truly special in store for you. I finally sat down and created an entire ecommerce dropshipping course on using sales funnels to multiply your profits. The FREE video course walks you through every step of the process, and I even gave away the exact sales funnel I used in the course — also completely FREE. I want to make sure this in-depth training reaches and helps as many people as possible, so I’m going to be sharing some of the most important points here, as well. Are you ready to learn how to build out an entire profitable ecommerce subscription sales funnel? Then let’s jump right in!

Niches

The foundation you’ll build your business on is your niche, which is why it’s a key focus in my ecommerce dropshipping course. Your niche is the target market you’ll sell to. The more specific, the better. Going broad theoretically gives you more possible customers, but it also means more competition and less reason for them to pick you. If you go very narrow, your target market will see a product made with them in mind and be drawn to it.

Choose Your Niche

I always recommend time-tested hobby niches because they’re filled with passionate customers, and new ones are always joining. Wikipedia has a great list for reference. Preferably, pick one of your own hobbies. If you have a passion for your niche, it will drive success in your business and motivate you to stick with it. Using Google Trends, verify that your chosen niche is popular (over the 25-point line) and time-tested by viewing that search term over five years.

Validate Your Niche

Search it on Amazon. Make sure there are many different sellers and brands. Too much brand loyalty means less market share for other sellers. Then check some of those seller ranks in the top category to make sure the number is lower than 20,000. Next, Google the niche and search some of those businesses in the Facebook Ad Library to see if they’re profitable enough to advertise. Also, see if there’s YouTube content and social media influencers for your niche. Following them could give you an edge moving forward.

Offer

Screengrab of Peter Pru discussing the importance of digital products

Your offer is the product you’re selling that makes you stand out. You need to give them a reason to buy from you instead of the competition. I recommend bundling physical and digital products, and this ecommerce dropshipping course covers both options. This increases the perceived value and provides a quick win for the customer. In bass fishing, this could be selling lures alongside a PDF on how to use them. In knitting, this might be yarn and a how-to guide for different stitches.

Crafting Your Offer

The best place to start is to sell things people are already buying. Use Amazon to find potential products, and next, use AliExpress to find a good supplier. Then move on to digital products. Again, leverage data from Amazon. Type in your niche and use the department filter to isolate books. See if people are consuming information in the niche and use popular books’ table of contents to see what information they value. Pick a few problem-solving topics to sell information products on. Use the PLR Store to buy the rights to premade digital products on those subjects.

Sales Funnel

Sales funnels are tools that guide customers through each step of the buying process to increase profit and scalability. It uses simplicity to capture attention, build your email list, make sales, upsell, and offer subscriptions. Each of those steps is so important because:

  • Your email list brings in constant value.
  • Funnels create five times the sales.
  • Upsells increase average cart value.
  • Subscriptions increase customer lifetime value. 

Building Your Funnel   

The funnel I gave away in the ecommerce dropshipping course is prebuilt, and the template is proven to convert, so you just have to customize it. Add quality images, relevant text, and your specific offers. Click Funnels makes it easy to change every element. They also provide you with other powerful tools. You can manage your email marketing right from this account. If someone provides their email but doesn’t buy, starts the process but doesn’t finish checking out, or buys your offer but not your upsells, you can set your account to send out emails for each scenario automatically.

Traffic

Traffic consists of the people visiting your site. This traffic can be paid or organic. Cold traffic is people who know nothing about your brand or product. Warm traffic is people with an interest or a prior relationship like those who find you on Google or consume content you create, and hot traffic is previous customers. Organic traffic tends to be warm traffic, but it takes a lot of time and steady content creation. Paid traffic, on the other hand, gets more immediate results. Paid traffic consists of ads and influencer marketing.

Influencer Advertising

Screengrab of Peter Pru walking through how to evaluate influencers

Influencers are a great way to get your products in front of the right audience. Check out YouTube and see who’s popular in your niche. Check their subscribers and followers on Instagram using IG Blade and make sure they’re growing.

You can approach them about doing a post on Instagram, which tends to be cheaper but also short-lived. Alternatively, send them a product to review, and that video lasts forever. Just approach them with the goal of building a relationship and trust, not just paying for their endorsement, because their audience needs to trust them, as well. That’s why working with them is valuable.

Facebook Advertising

Facebook values user experience above all. They also value profit, for both themselves and for you. If you focus on creating ads that add to the user experience, they’ll want to keep working with you. Facebook ads do bring in traffic quickly, but over time, the results get better. The Pixel they use to gather data from your site will learn about your customers and get better at sending you the best traffic.

Consult With the Experts

Dropshipper using the information in this ecommerce dropshipping course to create their sales funnels

Okay, guys, that’s all I could cover here, but I go into a LOT more detail on everything in the ecommerce dropshipping course. It’s over two hours of step-by-step direction on each of these topics. There are a ton of specifics, and I go over every step myself so you can look over my shoulder and watch exactly how I go about it all. So, for the full course, watch the video, see everything in detail, get all the tips and tricks, and download that free funnel. If you want to take it to the next level, sign up for my masterclass for exclusive training. Remember, your empire starts now! Tagged : / / / /

How to Build Long-Term Wealth With Dropshipping

Empire builders, you know that you’re already dedicated to achieving success with your dropshipping business. But what comes next after the money rolls in? Yes, it’s fantastic to make ten grand a month, but what’s much better is making ten grand a month for years and years on end. It’s the difference between having money with dropshipping and having wealth with dropshipping. 

One is a temporary state, while the other is a solid financial foundation that lasts for the long term and can even become generational wealth. For many of you, achieving this kind of enduring wealth from your dropshipping business is the goal. If it isn’t already, then it absolutely should be. Let’s talk about how it’s possible to use dropshipping as the stepping stone to creating long-term wealth for you and your family.   

Build Wealth With Dropshipping by Thinking Long-Term  

I’m always preaching about the importance of thinking about your business in terms of the broader picture, including years down the line. If you want to build wealth, and I know you do, then having that long-term perspective is essential. For many of you, dropshipping is going to be your very first entry point into making money online. But what you do after you start earning from dropshipping is incredibly important. 

This is the advice I wish someone had given me 10 to 12 years ago when I was getting started with my online businesses — before I ever made my first dollar. 

What I’ve learned over the years about building wealth with dropshipping or any other business is that it’s not how much you make. It’s how much you actually keep within your businesses that matters. That means using your profits to reinvest and create a more solid foundation.

A lot of people that start out in dropshipping are not setting up their business properly, and they don’t know what to do with the money they make. They get excited and rack up a ton of expenses. Buying nice clothes and fancy things feels good in the moment, but it definitely doesn’t create wealth. Before spending on luxuries, think about the long term. Only spend money that you really don’t need and won’t even bat an eye at. If making that expense is going to affect the decisions you make in your business, such as not being able to invest in something that can help you grow, then just forget about it.  

Getting Your Money Right

Screen grab of Peter Pru explaining the importance of an LLC business structure

Making sure your business is structured properly is one of the most significant things that’s going to set you apart from everybody else. This is one of those nuggets I really wish I could have told myself 12 years ago because I would have saved millions of dollars. 

When I got started, I made all the expenses for my business with my personal credit and debit cards. Naturally, the profits that came in went straight to my personal bank account. I had no idea that I needed to be separating the spheres of my business and my personal finances. Most of you are probably making these same mistakes I made and, trust me: this is killing you. If you don’t have the money from your business flowing properly, you are wasting so much money and paying so much extra in taxes that it’s not even funny. 

You won’t build any wealth until you get your money right. 

How to Think About Taxes and Finances

The problem with running your business this way is you’ll get hit with a massive tax bill at the end of the year. You’re taking a salary from your business and then paying for your ads, your team members, your business trips, miscellaneous expenses, etc., from your own personal accounts. Every dollar you pay yourself as salary comes with income tax. So you’re essentially getting double-taxed for all business expenses. You’re paying the income tax and then also paying the actual taxes on the product.

Trust me, that’s not how you build wealth. You need to get your money right by creating something that legally separates you from your business. Something that makes it so that every business expense becomes a tax write-off instead of a tax liability. That “something” is called an LLC

A Quick Overview of Setting up LLCs

There are many types of business structures out there, including S-Corp and C-Corp. Typically, you want to set up your dropshipping business as an S-Corp. But it depends on your unique situation, and I am NOT giving legal advice. If you want professional guidance for how to get your money right, I definitely recommend scheduling a call with the team at PCS. They worked with me to help me set up my businesses and opened my eyes to strategies that I never knew about. They’re great people, and they’re helping me save millions of dollars, so that’s why I can enthusiastically recommend them to anyone. If you’re still using your personal accounts to do business, it’s time for a new strategy. 

Once you have an LLC, many doors will open up for you. That’s why it’s a crucial step in the direction of building wealth. All your business expenses will now be made by the legal entity occupied by your business. You can think of it as a person that’s separate from you because, legally speaking, that’s what your LLC is. Now your business can pay for courses, pay your marketing expenses, and pay for services. It’s all completely separate from the personal income in your salary.

There’s a huge variety of things that can be considered a business expense, which means there are massive tax benefits just for being a business owner. And this is only the beginning.  

Build Your Empire and Long-Term Wealth With Dropshipping

Screen grab of Peter Pru emphasizing the importance of reinvesting revenue into the business

I’m going to let you in on a little secret. You will never get wealthy by paying yourself more from your business. Wealth comes from growing your businesses and creating more value. It’s as simple as that. You need to focus on building an empire and investing back into it as much as you can. Jeff Bezos, for example, doesn’t pay himself a huge salary even though he’s the richest man in the world. He doesn’t need to because he controls Amazon and puts his focus on growing Amazon.

When you own things personally, that just sets you for liability. Try to own as little as possible. Instead, create an empire and control it all. If you want to build wealth with dropshipping, you can’t just have one business, either. Having only one business means you’re not optimizing what you have well enough or profitably enough. 

The Value of Multiple LLCs

If you set up your dropshipping business as an LLC and you’re making money, that’s absolutely fantastic. But let’s say you have another business idea, and you start another dropshipping store. That’s even better. Now you open up a second LLC, and the new business can be completely separate from the first one. Why do you want to do that? Because if your original LLC gets sued, you’re legally protected. They can’t come after you personally, and they can’t go after any other LLCs you have. Remember, each LLC is its own entity.

This is where it starts getting interesting and where it becomes possible to build long-term wealth. Because remember, you don’t want to pay a lot of income tax. Don’t pay yourself a salary that’s the most you can possibly afford to pay yourself. Instead, nurture your empire at every opportunity. For example, the way that my business is structured is that I have multiple LLCs. I pay myself a salary from only one of them. 

In the case of another LLC, I’m able to take those profits and reinvest them back into wealth-building projects like real estate. In legal terms, this investment would be considered a loan from one company to another. That means I create a third LLC that owns rental property, generates a cash flow, and pays back my other LLC for the initial investment.

I also have an LLC dedicated to affiliate marketing, which is a fantastic side project for generating extra money. Any dropshipper will benefit from going to Clickbank, finding some relevant niche products that are for sale there, and then promoting them to your customers with affiliate links. 

These are just a few examples of what’s possible when you want to create wealth from your dropshipping income.

The Impact of Multiple LLCs

Doing business this way means that you can minimize income taxes, maximize tax deductions for business expenses, and stay focused on reinvesting in your empire. Beyond my modest salary, I don’t want that money for myself. I want it to be circulating amongst my businesses, helping me to grow and creating a solid foundation of wealth.

Why Delayed Gratification Is Crucial for Wealth With Dropshipping

Ecommerce business owner setting up an LLC

Personally, my lifestyle doesn’t get crazier with the more money I have. But that doesn’t mean I don’t reward myself for milestones. It’s all about finding a balance and staying focused on your broader goals. Be honest with yourself about what you can really afford and where your priorities should be. For example, I like nice watches. Maybe for you, it’s something else. If you can utilize these extravagant purchases to motivate yourself to get to the next level, and the next level, then that’s great.

But make your consumption as mindful as possible. That’s how you create wealth with dropshipping: by delaying a little bit of gratification in service of your long-term goals. You should definitely enjoy your success but never at the expense of growing your businesses. Get your money right and get yourself set up. Make sure that when the moment comes that you want to spend ten grand on something you really enjoy, it’s because you can genuinely afford it — in short, because you’ve earned it. 

If you want to learn much more about building wealth with dropshipping and a high performing ecommerce business, you’ve come to the right place. To get practical advice on creating a full-time income online, reserve your free seat at our sales funnel masterclass. You can also subscribe to our YouTube channel for regular tips and insights. Tagged : / / / /