3 Reasons You Will FAIL at Drop Shipping (and How To Avoid Them)
Why Do Drop Shipping Businesses Fail?
Not a day goes by without someone asking me, “How can you personally guarantee that I am going to succeed with this business?”
And well, I can’t guarantee that at all and you shouldn’t trust anyone who says they can.
How to Earn $300 a Day
Join me Thursday, May 31st at 8pm EST for a LIVE Webinar
As Seen On:
The truth is, there’s a lot of reasons why you could ‘fail’ at drop shipping.
That’s why in this blog post I’m going to cover the three biggest reasons why people fail at drop shipping. Honestly, if you fall into any the below categories, I can guarantee you are going to fail at drop shipping.
Drop Shipping is a Business, Not a Hobby
The first way you will fail at drop shipping, is by treating drop shipping as a hobby. Here’s how you might fall into this trap:
When you compare going the traditional route by building an offline, brick and mortar store with building an online business, it’s easy to see why eCommerce is so amazing. For example, let’s say you want to sell coffee mugs and you set up a store in your hometown.
First, you have to put down money, find a place to lease, build out a store, hire employees. You’re easily looking at spending $100k – $200k to get everything set up before you make your first sell.
eCommerce on the other is much cheaper, like $29 to build a website and make your first sale.
That’s why eCommerce is so amazing; because it’s a lot cheaper to get started online and you can reach and sell to so many more people.
Now, the problem is because it’s so easy to get started online, some people think, “Well, of course it’s going to work. I’ll spend five minutes setting up a crappy Shopify website, and start making all this money immediately.”
And the truth is, that’s not how it works. Not even close.
It is a real business, and you have to treat it like one.
Yes, there is a startup cost involved that is much less than that of a traditional offline business, but it still takes the work.
The benefits of going the drop shipping route doesn’t stop at the start-up costs. You also have the opportunity to make a lot more money while working fewer hours than the traditional business owner.
So take your business seriously, because again, it is not a hobby. Treat it like a real business and you can make a lot of money drop shipping.eCommerce is a real business, and you have to treat it like one. Click To Tweet
You Gotta Believe to Succeed
The second common way I see people fail at drop shipping all the time is if they don’t believe in themselves. If you don’t believe in yourself, not just with drop shipping, you’re going to fail.
It’s that simple.
I’m not even talking about Drop Ship Lifestyle, I’m talking about mindset!
When you sit down at the computer to get started, if you don’t 110% believe that you will be successful, then you are not going to be even 10% successful.
If you don’t believe in yourself and the work that you are putting in, that’s going to lead to results, then it’s not going to.
And you know, this isn’t like some law of attraction, secret to happiness type of thing. It’s just textbook Mindset 101.
If in your mind, you don’t believe that the work and the time you are putting into this business will lead to a future reward, it won’t.
If you are not there yet, it doesn’t mean you never will be. My advice would be, if you don’t know if you can do this or you don’t believe in yourself, go to YouTube channels like ours and watch our previous students’ success stories.
We have plenty of videos that will get you familiar with how this business works. And I’m sure that will help you to build up the confidence in yourself that you need to succeed.
Then, pretty soon you’ll be ready to go all in to get started and build something that can be turned into a success story.
Know How to Spot Fake ‘Experts’ and ‘Entrepreneurs’
The third way people fail is one I see happen all the time. It’s when people listen to “experts” who have no idea what they’re talking about. And I’m not going to call anyone out, but I will say that there are a lot of people in the ‘online mentoring space’ who don’t care at all about their students’ results.
A lot of those phony experts lack all teaching skills and are only really good at selling their programs or tickets to their live events. Even worse, some of these people don’t even know what they teach!
So when you see a lot of students following a certain mentor and their program, but can’t get the same results, it’s one of two reasons:
- The person teaching the program doesn’t know what they are talking about or,
- That person is just not an effective teacher.
It’s very possible that the person you want to learn from is very good at what they do, but do they know how to teach it? A lot of people can make money online, but not a lot of people are good at taking that knowledge in their head and sharing it with others.
The way you could check for this is to look at these people’s success stories. If someone is a mentor or has an online training program, look to see the results their students are getting. Look for the case studies and interviews.
Use whatever you can find because if that person that’s going to teach you has a successful track record and it doesn’t work for you, it might be a “you” problem. And maybe you’re still treating it as a hobby or not believing in your own success!
It’s a common question that I hear often, but I can’t guarantee you’ll be successful. The only thing I can guarantee, is how you will fail and that’s if you fall into any of three categories above.
To recap, 3 ways not to fail at drop shipping:
- Don’t treat it like a hobby!
- Believe in yourself and your success
- Follow a teacher or mentor that knows what they’re talking about