Revealing The UGLY Truth About Dropshipping

This video is about the death of traditional dropshipping methods and the introduction of a new strategy called the hybrid method, which involves finding profitable products that have recently gone viral on social media and improving upon them to achieve success in the Shopify store business.

This video by Jordan Welch was published on Dec 21, 2022.
Video length: 11:47.

This YouTube video titled "Revealing The UGLY Truth About Dropshipping" discusses the downfall of traditional dropshipping methods and introduces a new strategy called the hybrid method.

The video explains that the traditional method of dropshipping, which involved creating a general store with a variety of products, is no longer sustainable. The speaker shares their personal experience of initially finding success with this method but ultimately losing everything. They then explain how they reworked their strategy and built a successful Shopify store using the hybrid method, which involves finding a profitable product, analyzing and improving upon it, and implementing effective advertising strategies.

The video aims to provide viewers with an alternative approach to dropshipping that is more likely to lead to success in the current market.

• The traditional dropshipping method is no longer effective and is guaranteed to fail.
• The strategy of having a general store with a variety of products is not sustainable.
• Building a real business is essential for long-term success.
• The hybrid method is a new strategy for dropshipping that is more effective.
• There are three stages to executing the hybrid method successfully.
• Create a branded store focused on one industry.
• The key to success is upgrading and improving upon existing successful products.

Revealing The UGLY Truth About Dropshipping - YouTube

The Death of Traditional Dropshipping Methods

• The traditional dropshipping method is no longer effective and is guaranteed to fail.
• The strategy of having a general store with a variety of products is not sustainable.
• Building a real business is essential for long-term success.
• The traditional dropshipping method focuses on finding winning products and quickly moving on to the next one.
• While this method may generate short-term success, it is not a sustainable business model.

The Introduction of the Hybrid Method

• The hybrid method is a new strategy for dropshipping that is more effective.
• There are three stages to executing the hybrid method successfully.
• The first stage is finding a profitable product.
• The second stage is improving upon the product and its marketing.
• The third stage is scaling the business and maximizing profits.

Phase One: Finding a Profitable Product

• Create a branded store focused on one industry.
• Choose an industry that you are passionate about and understand.
• Focus on products that have recently gone viral on social media.
• Create a list of at least 10 viral products within your industry.
• Launch simple ads for these products to find the most potential.

Revealing The UGLY Truth About Dropshipping - YouTube

Phase Two: Improving Upon the Product

• The key to success is upgrading and improving upon existing successful products.
• Analyze viral products for opportunities to improve the website, ad, and product itself.
• Find areas of improvement that will make the product more appealing to customers.
• Even if a product seems saturated, there are still opportunities for improvement.
• Example: Analyzing a viral product with a great ad but a poorly designed website.

Introduction

• The traditional dropshipping method is no longer effective.
• A new strategy called the hybrid method is introduced.
• The hybrid method involves finding profitable products that have recently gone viral on social media and improving upon them.
• Creating a better shopping experience and building trust with customers is key.
• The Viral Vault program is designed to help new store owners succeed on Shopify.

Phase One: Finding Profitable Products

• Identify products that have recently gone viral on social media.
• Look for products that have a high demand and low competition.
• Research the market and find ways to improve upon the existing product.
• Create a store within a specific niche and target audience.
• Offer a better shopping experience and build trust with customers.

Phase Two: Optimizing Your Business

• Change your story to reflect yourself as the primary seller of the product.
• Build trust with customers to boost conversion rates.
• Charge more for your product to increase profits.
• Create custom ads and videos to run profitable ads.
• Make your own content to stand out and differentiate from competitors.

Phase Three: Scaling Your Business

• Continuously test and find profitable products.
• Optimize your store and create custom videos to build a real business.
• Execute the first two phases successfully to reach this stage.
• Use dropshipping as a testing platform and turn successful products into brands.
• Create a business with longevity and scalability.

Revealing The UGLY Truth About Dropshipping

• The video discusses the death of traditional dropshipping methods and the introduction of a new strategy called the hybrid method.
• The hybrid method involves finding profitable products that have recently gone viral on social media and improving upon them to achieve success in the Shopify store business.
• The speaker shares his experience of starting a store from scratch and improving every aspect of the funnel to make it successful.
• He talks about using TikTok and Facebook to promote the products and how they started blowing up really fast.
• The speaker mentions that one thing he wishes he knew when starting dropshipping at 17 years old is that not all products will work, and it's important to keep testing and iterating.
• The video concludes by stating that traditional dropshipping may be dead, but building a real eCommerce business is still possible and will always be relevant.

Watch the video on YouTube:
Revealing The UGLY Truth About Dropshipping - YouTube