For a little bit, I ran a small Shopify site, dropshipping rapper jewelry. I have experience in this industry, as I used to sell it on the street, and I’ve made good connections with foreign suppliers. I did everything solo, set up the site, and all was good. But I wasn’t creating traffic, sales, or maintaining the business, so shortly after, I closed down.
My friend, who I was working with at the time, saw me doing this, caught interest, and set up his own jewelry dropshipping site. It’s still up to this day, he’s maintaining it well, and he has a lot of money coming in.
Now when I search up “gold jewelry websites,” there are a ton of people mimicking this business plan, not only for Dropshipping but for local resale. But the money appears to be still there. My friend’s site is still up and prospering, in spite of the other hundred sites that have gone up to meet the market as well.
On Reddit, there is a forum where people speak from their entrepreneurial experiences. At least 3 times a week, there is a post about someone making $20k-50k a month from dropshipping some lame product(studded iPhone cases, socks, video game console skins, etc.).
A guy I currently work with used to have his own Shopify site. It was just a general store of goods. He was making decent money from this before he closed down and pursued other interests. He also tells me many stories of his friends doing the same thing and cashing out at good values.
'Nuff said: I’m thinking of opening up another Shopify to 'ship things around. I’m going to start with a smaller scale of inventory to ease myself into things this time.
Is anyone else Dropshipping right now? How is that going for you?
Based on the Reddit posts I’ve seen, niches seem to matter less and less - what really matters is your work ethic. Do you agree or disagree with this?
I used to be very research-and-preparation-heavy for niches, but considering the amount of lame products I’ve seen people selling, I don’t think that’s a huge factor anymore. People are clocking $50k a month with iPhone cases! That’s nuts! Do you think researching your niche is a big thing nowadays?