Drop shipping Strategy That Makes This Guy $455,058 in a Year – Page 2

Maybe the biggest change in your life is going to be a freedom you wish to have. You can do whatever you want, whenever you want to. This is the journey of Mousslim that has managed to get such freedom that makes him travel to see cool place, book tickets instantly. All he needs are macbook dan credit card. He has built a online shop with the method of drop shipping. He has earned $455,058 in a year with his drop shipping store online. How he did that? The Daily Activities In a day, he wake up, checking emails, checking direct message, preparing Instagram post. In managing the store he still doing by himself the aspect of customer support. His sister help him to fill orders and tracking numbers. He admit that the most difficult parts in this business is to delegate things, but if you don’t do that, your will quit your business slowly but sure. So, often times Mousslim spend time for himself or learn something else. Read: How to Make USD 5000 Freelance Online Tools to Operate Drop Shipping eCommerce He is using alidropship plugin that he deemed better nowadays. Best feature so far is new tracking number system that save him a lot of his time. Another tool like Countdown addon also help to double conversion rates. Is One eCommerce enough? What is the best strategy? Mousslim only has 1 online store right now due to the time required to establish and manage store. He is on another business as well which is not online (offline business). He is planning to launch 2 ecommerce store with different brand in the near future. He has successful in establishing good experience with Chinese supplier dan register his company in Hong Kong. He has many contacts in that country to help him. The strategy still the same, to cooperate with influencer. One of his favourite is buying Facebook/Instagram/Twitter pages. That’s best technique when you can afford it. Read: 4 Tips Designing Profitable Ecommerce Website If you interested to launch a new store as well, his best advice is to look for actual trend. All tren is potential business to build. How to register Ecommerce drop shipping venture? He told that in November 2017, he earned 67000€ in one month. If you reach that level of income, you will start to think about legal and tax matters of the business. He reside in France and everyone realize that it’s one of the most difficult country to build business. Particularly for ecommerce and drop shipping. That’s why, Mousslim decide to register his company in Hong Kong. There is no VAT, and 20% of tax on the profit. Open a company through Bridges is quite easy. It’s a fiduciary company which handles all kind paperworks with authorities where you decide to register in. In this part, the most stressful thing is that you have to be there (in Hong Kong) physically to prove to the banks that you are running real business and to disclose that you have daily transaction in related to your business. What About Paypal and Stripe? The more money you make the more problem you might have to face. Paypal is heaven only for buyers in his perspective. Paypal has deemed his volume is important that they blocked his money and giving 20 questions on his business (about staff, stock, turnover, etc). You will not having other option but to answer all the questions one at a time with all the details you can give. Paypal finally decide in keeping 20% of all his transaction for 45 days to ensure that he has money always left to deal with buyer disputes or chargebacks. There is not so different story with Stripe which finally give his money back with no restriction. Read: How to Start Real Surveys that Pay You What About the Competition? There are DDOS attach on his website, several fake review which he didn’t know that all that was made by his competitor until one day he read threat letter from a lawyer to stop his business. He then realized that it’s his competitor. What’s the Plan in Future for eCommerce Dropshipping? He was sceptic about ecommerce drop shipping at first until he read a thread from Yaros in a forum. Those thread make him think like crazy. Now he is travelling all year round, meeting different people, always networking. That’s make sense if you are young (21 years of age), owner of ecommerce that generate half a million in one year. People will curious about you. What are you waiting for? Start now to build your own ecommerce easily My family proud a lot about me because I manage to run a profitable company without a degree at all. (images courtesy: alidropship)

Tools to Operate Drop Shipping eCommerce

Is One eCommerce enough? What is the best strategy?

SHARE THIS POST

More You Need to Know

When Will Mortgage Rates Go Down

How to Get Indonesian Citizenship

From Side Hustle to Full-Time Income: Your 6-Month Blueprint