Relatively short & concise eCom course by Hayden Bowles on teachables, which is an online platform that allows anyone to create courses & sell it.
Hayden must be like the 10th shopify coaching program I’ve seen come out in the past few months.
Out of any other make money online opportunities, dropshipping has by far the most amount of coaching programs so how do you pick the right one?
Is dropshipping really for you?
what is the pros & cons of a dropshipping business?
If you’re interested in learning my experience with it, read on…
I’m currently doing $50K per month with my local lead generation business (more info here)
I have few reasons that caused me to abandon the dropship ship.
But that doesn’t mean you can’t make money with it.
Let’s take a deeper look at what Hayden is teaching here with his course.
Hacking Shopify Dropshipping Course Overview
- Intro: Avoid these mistakes
- Fundamentals: Basics, Picking the Right Niche or winning products, finding suppliers on AliExpress
- Building Your Base: Building Your Shopify Store, Pricing Products, Building Social Media Pages
- Instagram: How to contact influencers to help promote your store
- Facebook: How to setup, manage & scale FB Ads
This course seems to show you enough to become successful with shopify
To keep it 100, there are some things I’ve learned from other programs that were extremely helpful and its missing from this course, such as:
- New FB advertising strategies using live video ads & FB Messenger Ads
- Using clickfunnels to create simple landing pages that allow you to test products before creating the entire shopify site.
- Using Email marketing & Great Copywriting to create upsells & customers for life
- Advanced: How to order bulk & store at your own warehouse in the USA to save on product costs & faster shipping times
All in all Hayden’s course is good for any beginner looking to start selling eCommerce.
Pros & Cons of Shopify Dropshipping Business
Is this really the best online business you should start in 2018?
Why some get into e-commerce business while others stay clear from it?
- Fairly easy for anyone to get started
- You don’t have to personally be good at sales or closing deals
- So many products to choose from
- FB allows you to scale the business if you find winning products fast
- FB selective selection of target audience allows you to sell really niche products
- The opportunity to build a brand / real company that can be sold later
- Other can easily steal your winning product & begin selling it themselves
- Profit margins are small with ecom, at 10-20% (Aka why so many ecom guys/gals transitions to selling courses)
- Very annoying to deal with physical products: complaints, returns, out of stock issues, dealing with foreign manufacturers… Even with a VA. You’ll always be the last line to deal with issues
- Physical products are simply not as easy to scale as digital products
- Completely relying on Facebook ads means profit margins are small due to ad spend & you can exhaust your audience eventually meaning you can’t stay massively profitable with 1 product forever.
My biggest complaint with people that push the ecom business is that they’ll post some crazy numbers making it seem like they’re making millions of dollars, but everyone has to remember that’s their revenue that they’re posting.
What’s more important to see is how much money they’re spending to actually make that revenue.
Profit margins with eCOM is notoriously small at 10% on average to 20% if you’re lucky.
When you look at the bigger picture, often times the more you scale a ecom business the more headaches the business will cause you because there’s ever-increasing product issues that’ll begin pouring in such as products breaking, dealing with returns, manufacturer scaling issues, & various complaints.
Even hiring a virtual assistant, when real issues come up you still have to be the one to fix them.
When you’re only making 10% profit, this business can cause burn out, because you begin feeling like you’re now employed by the business.
There’s always something coming up, and you can expect on-going work to keep this business going.
This is the major reason why so many eCom people transition to selling courses on teachables because a course is a digital product which means none of the issues attached to selling physical products AND profit margins are nearly 100%
I believe this is the main reason why we see so many ecommerce / shopify courses out there today. There’s simply more money teaching the business than actually running the business.
If the money is really in selling e-commerce products, why would Hayden Bowles waste so much time making youtube videos that promote his e-commerce program? rather than getting busy setting up another shopify store / ecom business?
My readers know that I’ve done quite a few online businesses out there including shopify dropshipping.
Pe reasons stated above such as nussiance of selling physical products and small profit margins due to heavy reliance on facebook paid advertising.
I experienced the burn out with the dropship business model.
Even tho I was doing pretty good numbers that some of these coaches talk about.
I’m willing to bet that’s the same reason why Hayden & other ECom coaches get into selling a course on e-commerce business.
Overall, Hayden’s course isn’t bad for $497, I wouldn’t say its the most comprehensive eCom course out there but sometimes simple works.
I for one have much better time building my local lead generation business because there’s no selling of physical products that I have to worry about on ongoing basis and there’s plenty of lucrative opportunities in local that allows me to make more money per hour spent than building another eCom business.
After I build my own local lead gen business to pretty high level of $50K per month, my mentor is now allowing me to promote the coaching program as well.
Imo its the best online business to start in 2018, hands down.
Go here for more info on the local lead gen biz coaching program that changed my life.
Talk to ya later.