What do you say, Andreas? Because passion alone isnt going to cut it. The duo made a fair share of mistakes and admit that your choice of a niche can make it break your business. Try to explain the benefits your product has to offer your customers as opposed to hard sell content. The Dropshipping Masters: Tactics, Insights, and Wisdom from the Pros And it was the exact time that I landed this position that my second dropshipping store started making incremental sales. For example, pet products, technical products, or gadgets, home and garden products. We started many different businesses. These people are very good at it. But what we saw out there, there are so many competitors out there, and you will never be the person who'll launch a website with one product and no one else has this product. Rather than making money, Alex believes that drop shippers should focus on enhancing their drop shipping and marketing skills. We answered the support emails from the customers. So, that's what we do the whole day. Soon after, he scaled Facebook ads and redesigned his general store, effectively transforming it into a single-product shop. Andreas: In our best time, we had around 17 full-time employees for customer support. Dropship and Logistics Specialist, the founder of Bestfulfill that help you with order fulfillment from product sourcing, shipping, branding, and customized package. I speak with the agencies mostly with the Facebook marketing agency or with the sales tax employees in the US to be sales tax compliant or with things like. So everything works fine, now. To solve the problem, he started sourcing a metal version of the product. Pet Dropshipper Review from a Team of Oberlo Customers - Dropshippinghelps Just look at what works, make it better, and you can be the market leader. Although thats a great place to start, long-term success requires a careful evaluation of whether the products within a niche resonate with consumers. WooJin76 3 yr. ago. Andreas Koenig and Alexander Pecka make $10 million a year. When we talk about Facebook Ads for dropshipping, many dropshippers fail to realize how important a marketing tool like Facebook is. You really dont need to invent something new for you to succeed as a drop shipper. I think, Alexander, maybe you can explain a little bit for our first time. At the end of their first month in October 2018, they'd generated $24,719 in sales. So it's also a point, if, you earn more money, you have more money to spend for the team, f, or more professional developers, for more professional. Andreas: Yeah. And if you want to learn more about Alexander and Andreas's wonderful journey, you can head to oberlo.com/podcast, where you can find today's show blog. This is all my part in this company, setting up new products, searching for new products, I would say marketing for new products, and yeah. Based on the above-discussed success stories, the richest dropshippers face multiple challenges on their way to success. It was selling seven or eight products, it was not really special. Even if your will be dropshipping through eCommerce platforms like AliExpress, your brand needs to look and feel like a legitimate business to the customers. It's not something you can just set up and walk away and not have to check in. Throughout this ebook, our Dropshipping Masters have shared their stories, insights, and advice for: Hopefully, youre feeling inspired and juiced up to finally start that store youve been thinking about or improve the one youre already running. Block time for this, because its time-consuming. It's important to have a good relationship with your agent and supplier because they're integral in the running of your business. At the beginning of your journey, don't expect to make money. But with time and time with more sales, more website traffic, and all that stuff, the team also grew. He goes to China all the time. That's such a good point. I know this is a very general question. Continue the next sixth section about andreas koenig dropshipping. Alexander: Our first store, I think we made a turnover of $200, maybe not more. Again, you need to respond to customer messages as fast as possibleideally within 30 minutes. And we try again, yeah. 2022 Guangzhou Haoqianyi Trading Co., Ltd All rights reserved. How These Entrepreneurs Cracked the Code With Their Pet Business - Oberlo Alexander: Do not give up because at the start, in the first weeks or maybe months, I'm sure you are not earning money, because we were not earning money for one year, approximately. So, they really made mistakes and it was horrible, so we switched suppliers and we had some of these switches until we found a really perfect supplier and factory and warehouse partner. In this regard, the entrepreneur mainly uses Facebook and Instagram to conduct Amazon product research. Andreas Koenig & Alexander Pecka. This will never happen. Aleisha: That's so interesting. 14 Dropshipping Stats That Will Make Your Jaw Drop - WebTribunal If we had given up, the brand would not be here. Check out this video where he gives dropshipping tips on five products to sell in 2019. - Suhail Nurmohamed. Then we also sold this store, I think for $200, not much money. Andreas Koenig - Top podcast episodes Their business was particularly successful during US lockdownsgenerating about $1 million in sales within just a few weeks. Go to bed with your journal, watch videos, read articles, and learn everything you need to for two or three months. Theyve been on it for one year, I think for one year. It took Andreas Koenig and Alexander Pecka three tries before they finally found success with dropshipping and boy did they find success! Play over 320 million tracks for free on SoundCloud. Since then, it has grown exponentially and now generates $10 million per year. Today, they have around 50 people on their team working on their business together. Dropshipping is a real business where you invest time and energy into aspects like legal, marketing, etc. And if you want to learn more about Alexander and Andreas's wonderful journey, you can head to. I'm not sure. . And so at this point, we would change from a dropshipping company to a real ecommerce company because we have all our products in stock in the warehouse. With more and more people using platforms like Instagram and Facebook to connect with businesses, these sites have become great places to promote an online store. And one big point is, we learn a lot about Facebook marketing. How to Start Your Own Profitable Dropshipping Business as a Newbie What do you say, Andreas? With their drop shipping business running, the pair worked tirelessly to grow the brand in the US market. Irwin Dominguez is one of the richest dropshipper, he made nearly $1,000,000 in just 8 months from dropshipping. The Growth of A Million-dollar Dropshipping You can sometimes get very involved in a certain task and realize you've been through a whole day of activity because you're trying to fix a little bit of code or something if you're not a coder. . Let's start from the beginning, though, if people haven't read about your story. Andreas: And this needs a really good structure in the background. We even got a Christmas present from our supplier. Yeah, we're also talking on WeChat and Skype with our supplier. So, you can find different stuff, and it is one name reseller. And we built this bigger and bigger in the next few years, yeah. Order, Your email address will not be published. How did you guys meet, and then come to be managing such a profitable dropshipping store? with the different partners and agencies. Aleisha: And can we talk through when you first started the pet store, what were some of the key things that you think made your store stand out and become the success it is? It's not just setting up a website. , you know, entrepreneurs on their own, and you are lucky enough to have each other and the support of each other. In my opinion Alexander: We also know people, they make a lot of money with general stores. In our best time, we had around 17 full-time employees for customer support. how they work together as a team and what it takes to build a dropshipping business and brand from scratch that is now . So yeah, that's it. Andreas Koenig and Alexander Pecka And this is the time you have to stay, you have to be strong at this time and don't stop. And this destroyed our plan. Aleisha: Is that overwhelming, thinking about you having to manage all those people? Their pet business now generates $10 million per year, and their key lessons include carefully selecting a niche, offering a better version of an existing product, understanding marketing tactics, and investing enough time and money in the . because we were not earning money for one year, approximately. And there are some, I would say, some bigger points that we've done together. Eventually, I landed a part-time job working in an office. I can explain it a little bit. Learn from the data in your stores dashboard rather than just picking a product.. I think we had maybe one sale from the new store. Aleisha: Ecommerce Jesus. This will never happen. and conversion rate, things to optimize everything. It takes courage to try something new. However, their goals were . And everybody has his work in the company, so my work is to set up new products, searching for new products, product research, which products our competitors use and I look at that stuff. I think, in the beginning, we had no idea about Facebook ads and all the other channels and of the product pages and conversion rate, things to optimize everything. But, they didn't stop trying. And so we registered our first Shopify store, and we really started finding products with Oberlo and Or we found them on AliExpress and connected them with Oberlo and built our first stores, but we really had a hard time. His dropshipping business recorded a turnover of $250,000 in 2018. Ah didn't know that. ", they should see dropshipping, really, as a real business where you invest money and time, and where you really have to see all aspects of business like legal, marketing, financial things, employees, human resource, all together, and not just setting up a website, Okay, it's easy to set up the website and. Also, try being consistent with your approach by offering the same branding, marketing, and communications to both desktop and mobile consumers. Andreas: It's very easy, it started really small. Andreas Koenig says, "We had 40 items in this store from various suppliers. For example, John Robb posted lighthearted memes on his Instagram account to get more eyeballs on his fashion apparel. And then I came up with the idea to make a pet store, in the pet niche. Now, we have two suppliers and a really good connection with them. Of course, I think so. I spoke to someone recently who he, again, not revealing too much about his product that he was talking about, this is a product you can use in a relationship, you can use to snuggle together in winter if you're in a couple or a friendship. that general stores can be great, which I still think they can be. In 2019, Andreas Koenig and Alexander Pecka made their first $10 million in a year having generated $500,000 per month in the . But he was sort of far down in the future saying, if it works, you can then make it your own. So, instead of betting it all on your passion, dig into your stores data early to see if the products that you intend to sell have the potential to generate long-term revenue. My name is Alexander Pecka. If they make big mistakes, it can destroy the business. For example, you may not be aware that most ecommerce platforms allow you to set up and automate email marketing campaigns, or the fact that Instagram Stories are one of the best ways to engage prospective customers. Julong Industrial Zone. When we had some issues on the home page, we fixed it by ourselves, because the home page wasn't, in the beginning, really special. That's such a good point. And it's always the same. But I think it's time for. But if you really want to gain profits or make a brand out of it, you will need all this other knowledge, as well. Even with a general store, it took two months for sales to pick up. Providing excellent customer service in your business is a great way to build customer trust in your brand. Andreas Koenig and Alexander Pecka, two Australian entrepreneurs who started with a toothpaste dispenser dropshipping store before moving to a pet niche. In the first year, they made absolutely no money. So, he was sort of talking a little bit about exactly what you were going to do in January, that you would take hold of the product and then maybe white-label it or manufacture it from scratch. Post a cute little meme or a joke. Alexander: There were points in the marketing, there were points on the product, and every part of the company. And since then, there have been a lot of changes. The dizzy heights of profits that a lot of dropshippers would absolutely just dream of hitting. Congratulations on dipping your toes in the world of dropshipping. Yes. But I think it's time for niche stores, it's time for brands. In January or February, our plan was to buy a big stock, big stock for our warehouse. Now, if people wanna get in touch, you seem very open to people learning more about what you're doing, tell me where people can reach out and follow you and learn more? Andreas Koenig - En popler podcast blmleri Everybody can reach me there. And since then, there have been a lot of changes. You may use an array of strategies to identify a winning product(s) for your dropshipping business. But Alexander and I, we recorded a video course, so we sold it sometimes, and two or three people I coached personally, one-to-one, and they knew that this would be a hard task to be successful in dropshipping and ecommerce. And then we scaled up a little bit more and more, and now we have a 100-percent reliable partner, so we can pay a lot before they ship the product, so they have a pre-payment from us in a high amount and they ship, and everything is perfect now, yeah. and try this niche because the people love their pets. -Yuliya Chernykhovskaya. The best part about it is that they started with some small investments and managed to rise to great wealth in a relatively . If patience isnt one of your virtues, try developing as much of it as you can by having a frame of mind that whatever youre doing is eventually going to pay off. And so at this point, we would change from a dropshipping company to a real ecommerce company because we have all our products in stock in the warehouse. Thank you for the heads up! Aleisha: Fantastic. Who is the richest dropshipper? That's so interesting. Whether youre working with an influencer or running Facebook ads, itll take time to start seeing results. And then I check all the groups, we have Skype groups, WhatsApp groups, Slack channels, all the different kinds of. Go check this out! You just have to do something different. We sold it because at the first moment we thought, Okay, in this niche, there are too many stores. So, we say, okay, let's search for a new niche, and then we make a new store. So, in the past, we did some coaching too, but we stopped this because we had no time anymore for that. But then, Corona was coming. We really love marketing and we really hate fulfillment and manufacturing. By spying on your competition, you can tell the kind of products and services they offer as well as their pricing. According to Harry, perseverance is one of the things that sets successful entrepreneurs apart. But with time and time with more sales, more. The world's richest dropshippers are Andreas Koenig & Alexander Pecka, Harry Coleman, Alex Philip, Cole Turner, and Sarah & Audrey. So, you can find different stuff, and it is one name reseller. They first came across the dropshipping idea in 2018. Who are some successful dropshippers? Introducing the Dropshippers - Oberlo He said, people love to snuggle on the couch together, especially during COVID 'cause we've got nowhere else to go and nothing else to do, so. Through this store, Cole made over $75,000 in sales before selling it off. They had $24,719 in sales at the end of October 2018. Andreas Koenig, MBA Able To Quit Job Making Millions of Dollars Dropshipping, Launched Multipl How Two Friends Built their Dropshipping Empire to $10 Million. Andreas Koenig, MBA Able To Quit Job Making Millions of Dollars For example, when I give my grandmother my computer, and I would say, "Order this product there." Reddit - Dive into anything ShipStation, Coupang Partner to Help Merchants | PYMNTS.com We invented new products from scratch. By January 2019 they were close to $150,000, with an average of around $41,000 per month. No matter the operating model or industry, scaling a business particularly one that has a marketing side to it requires money. It's just a general overview of different products and not like a garden brand or a home and gardening brand with one specific product. Differentiating Themselves From Their Competitors. Even so, some traders have beaten the odds to become some of the richest drop shippers. He set out his first store to sell nail products. We started small first, we were only together. Andreas Koenig and Alexander Pecka remember the time they put into learning the ins and outs of the dropshipping business and advice first-time dropshippers to do the same. , and all that stuff, the team also grew. Andreas Koenig, MBA Able To Quit Job Making Millions of Dollars Dropshipping, Launched Multipl How Two Friends Built their Dropshipping Empire to $10 Million. Now it generates $10 million per . Alexander: And the whole team grew with a developer. But if you have the right information and guidance as a beginner, it could turn out to be the best decision you ever made. But if you really want to gain profits or make a brand out of it, you will need all this other knowledge, as well. Instead, find out what works the best for your niche then offer your customers a better product version. But with more and more people exploring the space and launching ecommerce stores on the fly you want to do everything you can to both start on the right foot and get more eyeballs on your business. Alexander: This is a simple answer because at that moment we did not have the knowledge about Facebook ads and all the stuff. And can we talk through when you first started the pet store, what were some of the key things that you think made your store stand out and become the success it is? And with our product, we are the market leader online in the United States, and that was not easy to reach. You don't have to invent the wheel. So dropshipping was the perfect thing. I think the relationship from the pet owners to their pets, especially in the COVID time, got stronger. Now, they've hit the $10 million-per-year mark. Well, this is not an overnight success story, but it made Harry one of the richest dropshippers in the end. Also, a business partner of mine has at the moment a small team, and they have a general store, and they test a new product every day. Andreas Koenig and Alexander Pecka are among the richest dropshippers. I spoke to someone recently who he, again, not revealing too much about his product that he was talking about, this is a product you can use in a relationship, you can use to snuggle together in winter if you're in a couple or a friendship. How do you work together? They are more or less self-employed and doing this for different companies mostly, and they show us the stats and the numbers, and we see if it's fine, they can make small decisions by themselves, only the big decision with us. And yeah, sometimes I need a little bit longer to answer all their questions, but I answer all, with time. So we found that in combination with a warehouse, which is doing the packing and the shipping and the quality control, and everything. Andreas: Our first goal was to hit $1,000 per day in turnover. It's so much money, it's so much profit, it's amazing. (+45) 54 95 30 90 | info@andrea-shipping.dk info@andrea-shipping.dk So that was really, really fast. It's wonderful advice. This is when he shifted his focus to the dropshipping business model and launched his brandThe Cool Life. It was selling seven or eight products, it was not really special. Here are six of the richest drop shippers to give you an idea of what drop shipping success looks like and help you get there. You don't have to invent the wheel. For those working in a 9-5 position and thinking of starting an ecommerce business on the side, Alexander recommends killing the expectation of free time for the next few months. Its unrealistic to expect it to return you $1,000 when you put $500 in, just in the bat of the eye. $12.000.000 Dropshipping Store Interview!!! - YouTube That's great. How Two Friends Built their Dropshipping Empire to $10 Million coutez Andreas Koenig, MBA Able To Quit Job Making Millions Of Dollars Dropshipping, Launched Multiple 6 Figure Per Month Stores, Discover His Failure To Success Journey And Strategies In Shopify E-Commerce et 152 plus d'pisodes de Tech Money Talks Is The #1 Work From Home Podcast On The Planet, Helping Your Career And Business, gratuitement! Can Dropshipping Make You Rich? (How Much You Can Earn And Which So we analyzed all the competitors and we saw, "Okay, on that website, we would make this point better, on the other website, we want to make that point better.". 30 Dropshipping Statistics to Know in 2023 | TrueList So it's also a point, if you earn more money, you have more money to spend for the team, for more professional developers, for more professional SEO specialists and all that stuff. And this needs a really good structure in the background.
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