Dropshipping is no longer viable – Build a brand instead

Jul 22, 2024 | Dropshipping | 8 comments

Dropshipping is no longer viable – Build a brand instead




Dropshipping has been a popular business model for many entrepreneurs looking to start an online store without the hassle of holding inventory or shipping products themselves. However, as the market becomes oversaturated with dropshipping stores, many are now declaring that dropshipping is dead and recommending that aspiring business owners focus on building a brand instead.

Dropshipping gained popularity as a low-risk way to start an online business. With dropshipping, entrepreneurs can list products from a third-party supplier on their website and only purchase the product once it has been sold. This meant that they didn’t have to worry about holding inventory or shipping products themselves, making it an attractive option for those looking to start an online store without a large upfront investment.

However, as more and more people jumped on the dropshipping bandwagon, the market became saturated with stores selling the same products at increasingly competitive prices. This has led to a decline in profitability for many dropshippers, as well as a decline in consumer trust due to long shipping times and poor quality products.

Many experts are now suggesting that aspiring business owners move away from dropshipping and focus on building a brand instead. Building a brand involves creating a unique identity for your business and establishing a loyal customer base. This can be achieved through quality products, excellent customer service, and engaging marketing strategies.

By focusing on building a brand, entrepreneurs can differentiate themselves from the competition and create a more sustainable business model. Creating a strong brand can also lead to higher customer loyalty, repeat business, and word-of-mouth referrals.

While dropshipping may still be a viable option for some, it is clear that the market is becoming oversaturated and competitive. By focusing on building a brand instead, entrepreneurs can create a more sustainable and profitable business in the long run. So, if you’re looking to start an online store, consider building a brand that will stand out in the crowded marketplace.

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8 Comments

  1. @nojacketrequired777

    Can you please tell me what your experience was with the payment gateways on Shopify or is your store a higher tier and the gateway built in? Because I went through all the steps and have been "stopped at the gate" (excuse the pun) because I had to add gateways and they told me I had to have supplier agreements as well as not accepting my shipping policy if I couldn't deliver in 3-5 days. What do I do to get around this?

    Reply
  2. @007rockford

    Amazon FBA, drop shipping all will fail as Temu, Shein rule

    Reply
  3. @Walterowsky

    Youtube thumbnail overlaps with video time, making the word dropshipping hard to read, you have to look at details like that, greetings man

    Reply
  4. @TheWanderer1111

    Would you ever consider doing the building a brand with only 500 again because with all the up-to-date tools we have now ai ect.

    Givin the last series was 2 to 3 years old with some of the videos would be very helpful but I know I takes months to film but if you could it would help a lot.

    Reply
  5. @manuelherk3236

    3 pl costs so much cash though. You need to rack up some solid sales before moving to it.

    Reply
  6. @titas1124

    The title – Dropshipping is dead
    Start of the video – Dropshipping isn't dead, but it should be. Clickbaiting gets the views these days huh

    Reply
  7. @PlugTalk666

    Do organic dropshipping for all products which ever product gets the most attention thats the winning products. Thats what i do.

    Reply
  8. @Alexander.0777

    Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future. Putting our time and effort in activities and investments that will yield a profitable return in the future is what we should be aiming for. Success depends on the actions or steps you take to achieve it, "I pray that anyone who reads this will be successful in life

    Reply

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