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I Tried to Get Rich Off Dropshipping

34 points by rchaudhary 6y ago

brtkdotse 6y ago
The only way to make money on drop shipping - like most “make money on the internet”schemes - is to sell courses teaching others how to set up Drop shipping.
- quantified 6y ago
  Which is just a “do it on the internet” twist on basically all get rich quick schemes that aren’t pyramid or Ponzi.
- pmiller2 6y ago
  Exactly. That's one thing drop shipping and MLMs have in common.
- superasn 6y ago
  Classic example of "Don't Try to Mine Gold When You Can Sell Shovels".
irthomasthomas 6y ago
This website is broken on Brave browser Android. It looks fine until you try and scroll. Here is a working non-JS url. https://www.vice.com./en/article/n7wxgk/can-you-get-rich-from-dropshipping https://www.vice.com./en/article/n7wxgk/can-you-get-rich-fro...
mikestew 6y ago
...dropshipping isn’t just about pushing buttons. It requires a skillset. If it didn't require a skillset, then my idiot brother-in-law stands just as much a chance at success as I do. If it didn't require a skillset, then the smart entrepreneur will hire a bunch of folks with no skills who will consequentially work for cheap, and make them do the drop-shipping. But as another comment on this page said, the real money is selling courses to people that think the road to riches is paved by button clicks of unskilled people.
dang 6y ago
Previous big dropshipping threads on HN: 2020 https://news.ycombinator.com/item?id=24243763 https://news.ycombinator.com/item?id=24243763 2020 https://news.ycombinator.com/item?id=23041138 https://news.ycombinator.com/item?id=23041138 2018 https://news.ycombinator.com/item?id=16503927 https://news.ycombinator.com/item?id=16503927 2013 https://news.ycombinator.com/item?id=5377821 https://news.ycombinator.com/item?id=5377821 - note the top comment, already saying what everybody says
radicalriddler 6y ago
I thought we debunked this whole idea of dropshipping like 3 years ago??? How are influencers still making dollars from tricking people into this?
- antisthenes 6y ago
  There's a sucker born every minute or something akin to that.
parliament32 6y ago
In summary: FB ads don't work. If you want to sling cheap product you're going to have to be more interesting than generic ads, the people left without adblockers are pretty desensitized.
diligentdave 6y ago
Thanks on your article. It was honest. You didn't try to blame anyone else, nor yourself. You found the market bad, and the ability to find a "killer" product harder than many "you can get rich doing this" promoters wrong.
superasn 6y ago
It's funny how his geniune ads keep getting banned by FB's AI with no recourse but to argue with a robot. I've heard similar stories before too. It's truly wtf.
jklepatch 6y ago
I used to run a dropshipping business. Me and my ex partners made good money. We made 50k USD of sales for our best month. However, after sometime I realized that it would probably not be sustainable, because its not very defendable and tariffs are springing up left and right. The nail in the coffin was when me and my ex partner had an argument. Is it possible to make a lot of money with dropshipping? Of course, but like everything valuable in life it takes time and efforts.

34 points by rchaudhary 6y ago

The only way to make money on drop shipping - like most “make money on the internet”schemes - is to sell courses teaching others how to set up Drop shipping.

quantified 6y ago
Which is just a “do it on the internet” twist on basically all get rich quick schemes that aren’t pyramid or Ponzi.
pmiller2 6y ago
Exactly. That's one thing drop shipping and MLMs have in common.
superasn 6y ago
Classic example of "Don't Try to Mine Gold When You Can Sell Shovels".

irthomasthomas 6y ago

This website is broken on Brave browser Android. It looks fine until you try and scroll. Here is a working non-JS url. https://www.vice.com./en/article/n7wxgk/can-you-get-rich-from-dropshipping https://www.vice.com./en/article/n7wxgk/can-you-get-rich-fro...

mikestew 6y ago

...dropshipping isn’t just about pushing buttons. It requires a skillset. If it didn't require a skillset, then my idiot brother-in-law stands just as much a chance at success as I do. If it didn't require a skillset, then the smart entrepreneur will hire a bunch of folks with no skills who will consequentially work for cheap, and make them do the drop-shipping. But as another comment on this page said, the real money is selling courses to people that think the road to riches is paved by button clicks of unskilled people.

dang 6y ago

Previous big dropshipping threads on HN: 2020 https://news.ycombinator.com/item?id=24243763 https://news.ycombinator.com/item?id=24243763 2020 https://news.ycombinator.com/item?id=23041138 https://news.ycombinator.com/item?id=23041138 2018 https://news.ycombinator.com/item?id=16503927 https://news.ycombinator.com/item?id=16503927 2013 https://news.ycombinator.com/item?id=5377821 https://news.ycombinator.com/item?id=5377821 - note the top comment, already saying what everybody says

radicalriddler 6y ago

I thought we debunked this whole idea of dropshipping like 3 years ago??? How are influencers still making dollars from tricking people into this?

antisthenes 6y ago
There's a sucker born every minute or something akin to that.

parliament32 6y ago

In summary: FB ads don't work. If you want to sling cheap product you're going to have to be more interesting than generic ads, the people left without adblockers are pretty desensitized.

diligentdave 6y ago

Thanks on your article. It was honest. You didn't try to blame anyone else, nor yourself. You found the market bad, and the ability to find a "killer" product harder than many "you can get rich doing this" promoters wrong.

superasn 6y ago

It's funny how his geniune ads keep getting banned by FB's AI with no recourse but to argue with a robot. I've heard similar stories before too. It's truly wtf.

jklepatch 6y ago

I used to run a dropshipping business. Me and my ex partners made good money. We made 50k USD of sales for our best month. However, after sometime I realized that it would probably not be sustainable, because its not very defendable and tariffs are springing up left and right. The nail in the coffin was when me and my ex partner had an argument. Is it possible to make a lot of money with dropshipping? Of course, but like everything valuable in life it takes time and efforts.