My Dropshipping Partner Made ₹1.5 Crore/Month
44sThe impressive revenue figure immediately grabs attention and sets up a success story that viewers want to learn from.
▶ Play ClipAI Summary
The video recounts the speaker's experience with dropshipping in 2023, highlighting the challenges of high advertising costs and the importance of experience in content and copywriting. It emphasizes that while starting is easy, profitability is difficult due to rising ad costs.
Chapters
[00:01]
Dropshipping Partnership
In 2023, the speaker partnered with a friend managing five dropshipping stores with a combined monthly revenue of Rs 1.5 crore. The friend handled ads, while the speaker focused on content and copywriting.
[00:18]
Free Learning Resources
There is abundant free information on YouTube, including full courses. The speaker recommends Jordan Brown's 18-hour free dropshipping course as a starting point.
[00:32]
Ease of Starting
The ease of starting dropshipping is rated 10 out of 10, but the real challenge lies in starting capital due to high competition and ad costs.
[00:45]
High Advertising Costs
Dropshipping's popularity has driven up Facebook ad costs significantly. For every 1000 views, advertisers pay much more than before, making profitability difficult regardless of product quality.
[00:58]
Financial Loss Example
When the speaker started, the cost was around ₹150 per 1000 impressions. This high cost prevented the product from becoming profitable, leading to a loss of ₹2000.
The video underscores that while dropshipping is easy to start, success is hampered by rising ad costs, requiring substantial capital and strategic planning to achieve profitability.
Mentioned in this Video
Study Flashcards (4)
What was the combined monthly revenue of the five dropshipping stores managed by the speaker's friend?
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What was the combined monthly revenue of the five dropshipping stores managed by the speaker's friend?
easy
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Rs 1.5 crore per month.
00:01
Who created the 18-hour free dropshipping course mentioned in the video?
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Who created the 18-hour free dropshipping course mentioned in the video?
easy
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Jordan Brown.
00:18
What was the cost per 1000 impressions when the speaker started?
medium
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What was the cost per 1000 impressions when the speaker started?
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Around ₹150.
00:58
What was the financial loss incurred by the speaker?
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What was the financial loss incurred by the speaker?
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₹2000.
00:58
💡 Key Takeaways
💡
Partnership Dynamics
Shows the division of roles in a dropshipping venture, highlighting the need for complementary skills.
00:01
📊
Ease vs. Capital
Contrasts the low barrier to entry with the high capital requirement due to ad costs.
00:32
📊
Ad Cost Inflation
Explains how popularity has driven up advertising costs, a critical factor for profitability.
00:45Full Transcript
[00:01] in 2023 with a friend of mine who handled five other dropshipping stores. The collective revenue of those five stores was Rs 1.5 crore per month. He had experience running ads and I had experience in content and copywriting.
[00:18] you want to get started, there's a lot of information freely available on YouTube. People have also uploaded entire courses. One of my favorite videos if you want to start dropshipping is Jordan Brown's 18-hour free course. The ease of
[00:32] starting is 10 by 10. The second criteria is starting capital. This Is Where It Gets Tricky. The truth is that today dropshipping has become so popular that millions of people like you and me pay Facebook to run ads. And
[00:45] because of that the cost of the ad has become very high. For every 1000 views you have to pay a lot more than before. No matter how good the product is, you have to pay a lot of money to Facebook. For example, last year when we started, the cost was
[00:58] year when we started, the cost was around ₹150 for ₹1000 impressions. Due to this our product could not become profitable and we incurred a loss of ₹2000.
