883: Start Making Money With an Online Drop Shipping Business with Ben Knegendorf

It’s everyone’s dream to be their own boss, work flexible hours, and run their own business. How do you get products, where do you find them, how do you know if they’ll sell, and how do you get them to customers? With an eCommerce business, you can do just that. The best part is that you can start making money from home fast. You only need a computer or a smartphone and a reliable internet connection. Try dropshipping if you want to know how to make money from home.

Ben Knegendorf is the co-founder of Dropship Breakthru, an online business that teaches people how to start their first online business in 30 days. He is also the host of the Dropship Podcast, where he and his co-founder John discuss the ins and outs of the dropshipping business model. Today, Ben shares his career story from working at a Walmart distribution center to finding success in the world of high-ticket dropshipping, and he provides valuable lessons on how to approach this business model effectively.

Quotes

“Focus on the human behind the screen. What do they buy, and what else do they buy? Don't just single in on one product. Think about how you can speak to that person.” - Ben Knegendorf

“At the end of the day, business is hard. Every business has its own complexities. Start thinking about what you love and what you are passionate about.” - Ben Knegendorf

“Be consistent. Compounding is a real thing. Go take action and get the ball moving. Good things will happen if you take steps every single day.” - Ben Knegendorf

Takeaways

00:33 Dropshipping is a fulfillment method where the seller takes the order and the supplier ships the product directly to the customer, allowing the seller to operate an online business with minimal inventory.

04:45 Focusing on high-ticket items with an average order value of $1,000 or more can lead to higher profits and less overhead compared to low-ticket items.

08:09 Identifying the person behind the product, their pain points, and their buying behavior is more important than just focusing on the product itself.

15:23 Starting a dropshipping business can be done for less than $500 in initial investment, making it an accessible option for those looking to get into e-commerce.

21:25 Consistency and taking action, even if it's just an hour a day, can lead to significant progress in building a successful dropshipping business.

Resources

Podcast: Play in new window | Download (Duration: 23:16 — 32.0MB) | Embed

Subscribe: Apple Podcasts | Spotify | Amazon Music | iHeartRadio | Podchaser | RSS

Filed in: Archive 4: 2020-2023 • Interview • Podcast

Comments are closed.

«
»

↑ Back to Top