The lure of dropshipping for many is similar to your typical get rich quick schemes. The idea that you can set-up shop in a matter of a week or two and start making loads of money. The setting up shop part is actually quite possible depending on your dropshipper, but making loads of money right away part… not so much.
This is a typical misconception with a lot of people new to dropshipping, partially because of the way some dropshipper market themselves and the opportunity. At least I know it caught my attention when I was first introduced to dropshipping. It’s sort of a double-edged sword for the industry in my opinion. On one hand it can attract people into the industry, while on the other it can be misleading and give the dropshipping industry a bad name.
Some would even go as far as saying dropshipping is a scam after signing up with a dropshipper and realizing how hard it can be. The reality is that dropshipping for the most part is not a get rich quick scheme despite the fact that some dropshippers may portray it that way, but neither is it a scam. It is like any other business, it requires work and determination along with patience for growth.
There are of course exceptions. Dropshipping companies that operate like scams do exist like any other thing you find on the internet. That is why it’s important to do research before signing up with a dropshipper. Luckily if a dropshipper is a scam, it usually only takes a quick google search to find out. There are also instants where you can get make quite a bit of money relatively quickly with dropshipping. Usually this involves selling on third party websites like Ebay that already have establish traffic flow, but it doesn’t happen very often. So the next time you think you stumbled on a dropshipping opportunity that looks too good to be true. Ask yourself these 2 questions: Is the product unique? And can I price it competitively and still make a profit? If the answer is yes to both of those question, then maybe you struck gold; most of the time though the answer is going to be no for at least one of two questions.
I hope this article will shed some light into the subject and erase some of the myths about dropshipping out there.