what I'm about to share with you is something that you cannot find anywhere else this video isn't just another howto or something packed with so many strategies that you don't even know what to do with it I'm about to share with you everything that you need to know before Drop Shipping in 2025 giving you the stuff that the most successful people in the industry just don't talk about because the difference between knowing what I'm about to share with you in this video and not knowing it is the difference between starting your journey successfully or needing
to pay thousands of dollars for help I'm telling you right now that by the end of this video you'll know exactly what it takes to launch your Drop Shipping Journey with confidence and Clarity so you're set up for True success but before we get into it I'm giving out a giveaway so if you want the chance of getting on a free one-onone consultant call with myself and my team to help you get started with your Drop Shipping Journey successfully no matter your experience level then all you have to do is smash that like button down
below and comment the word drop ship with your biggest takeaway from this video for you to get the chance to win now let's get into it all right let's start off by addressing the elephant in the room that most people Dodge when talking about how to truthfully get Drop Shipping success which is your mindset if you're stepping into Drop Shipping or entrepreneurship as a whole but you're not bringing in the right mindset with you I'm telling you right now you're going to fail it's as simple as that one mindset that I see a lot of
beginners fall into is this I just need to put in a little bit of work and I'll be making life-changing money within a month but then when reality sets in that this is a real business that requires dedication resilience and especially in the beginning more failure than wins that's when people get discouraged and ultimately just quit and here's the thing chop shipping being takes time persistence and a serious willingness to learn from your setbacks you're going to need grit not just optimism because even the best strategies take testing and patients to start paying off the
real difference between those who succeed and those who don't isn't that they never failed it's the fact that they learned adapted and continue to keep pushing forward even when things got tough if I'm being real with you guys even when I first started Drop Shipping 6 years ago I was met with setback after setback it didn't just take me testing one or two products to start seeing overall success if for real took me losing money testing out all these different strategies and testing over 10 types of products before finding my first product and testing strategy
that would consider my first winner and even though I had made over $100,000 while first selling this winning product I ended up losing almost all of it due to chargebacks and poor product quality because at that time I had no idea how to verify A supplier so I ended up going right back to square one and what made that loss even tougher was finally knowing what it felt like to be on The Winning Side only to lose everything that I just spent months working so hard for and money that I just didn't have all within
a matter of days in a situation like this it could easily tear down someone with the wrong mindset even make them quit entirely but losses are truthfully inevitable and you have to understand that right from the start but it's how you learn and you grow from them that really pushes you to the next level so every single L that you take it's not a loss but a Learning lesson just helping you build and picking up that Shield of success and truthfully from that major loss that I took it just forced me to take a hard
look at my product selection and the strategies that I was using and if I didn't go through that I would not have made the adjustments that led to life changing success for myself as the next winning product right after the one that I just faed on it took me from0 to $1.7 million in less than 6 months and I'm not sharing this to brag I'm sharing it because it's easy to give up when things get tough and pushing forward does take real grit but through every single setback there was one thing that kept me going
and I believe it can do the same for you before starting your Drop Shipping journey in 2025 I want you to take this moment right now to Define your why why are you doing this once you know that answer I want you to write it down somewhere where you're going to see it every single day put it on your vision board write it out on sticky notes around your house or do what I did which was a little crazy but you can just nail it all around your house a bunch of pieces of paper so
it's always a constant reminder you want to do this because when challenges come as they definitely will you'll have that reminder of what you're working towards continuously keeping you grounded and motivated to keep going all right now that you got your why figured out let's talk about something just as crucial if you're serious about starting your job shipping business in 2025 you're a budget all right I'm going to keep it real with you right here right now starting any business with $0 and expecting to thrive this just isn't realistic and I'm not going to sit
here and tell you that Drop Shipping is an exception to that rule like any business Drop Shipping requires an investment of both time and money if you're not prepared to treat it like a real business then it will not give you the results that you're looking for this isn't about just setting up a store and waiting for sales to start coming in and your life to change it's about building a revenue stream that has a potential to change your life but only you're ready to make the initial Investments to get it there for those of
you looking to start on your own I recommend having at least $1,500 to $3,000 set aside as your starting budget now this may sound like a lot but keep in mind that covers everything that you need to begin testing products running ads and optimizing your store for conversions now on the other hand if you're working with a mentor to guide you through those early stages and help you avoid some of those costly mistakes you can budget around 500 to $1,000 which could significantly speed up your learning curve and help you avoid common mistakes with that
being said let's get into the breakdown of these essential monthly costs so you're not cut off guard by any surprise expenses running a drop shipping store has its ongoing expenses and it's crucial factor of these in so you're always financially prepared starting off with the Shopify store subscription now this is typically $39.99 a month for your Shopify plan but because you're watching this video which shows that you are actually interested in starting Drop Shipping I got an exclusive deal with Shopify that I can share with you this is going to allow you to get started
for the next 3 months for only $1 a month which you can go ahead and check it out with the link down in my description next is going to be your domain name and this is approximately $10 to $15 a year to secure a professional branded website name but here's a game changer for 2025 starting off with a store domain it can give you an edge right out the gate not only can you snag it for just $1 but studies show that a do storeand gives 87% more traffic and double your visibility compared to competitors
I went ahead and dropped a link in my description below to help you grab that deal and set yourself up for Success right from the start next is going to be your essential apps and this is going to be roughly $60 a month for apps that will optimize and enhance your store's functionality and lastly is an effective ad budget having at least $3 to $400 per product to run effective ad test and reach potential customers each one of these expenses play a role in setting up your store for success and making sure that you you
have the tools that you need to convert visitors into paying customers and when it comes down to it these costs are just a part of running a business and whether it's a physical or an online business there's always going to be upfront expenses that make the whole entire operation possible now the beauty of Drop Shipping though is that these startup costs are far lower than what you need for a traditional business and you're not taking on the risk of holding physical inventory either with that to say it's still essential that you come prepared with a
realistic budget and the understanding that Drop Shipping is an investment to your future so I want you to think of these costs as fuel for your business you're putting in that initial investment now so that down the line you have the potential to earn that back far more than what you just put in and by being prepared with the realistic budget right from the beginning you're setting yourself up for a smoother Journey that won't be brought down by unexpected expenses all right so once you set up your initial budget and sales start rolling in let's
talk about another crucial step if you're serious about long-term success reinvesting back into your Drop Shipping business so here's the deal as a business owner you cannot look at every profit that you make as cash a pocket and just go out there and spend to continue continuously keep growing you need to think like an investor in your own success and one of the best ways to do this is by using what I call OPM other people's money this ultimately means using the profits generated from your business to continue to fuel its growth so instead of
just taking that first $500 profit and spending it think about reinvesting at least 30% of it into areas that will help your business scale let's say You' made a small profit you can use some of it to set up your LLC if you haven't yet or reinvest the rest directly back into your ad budget to keep the momentum going this mindset shift is key to success as you get into Drop Shipping and start seeing those first Returns the idea here is not to use Drop Shipping as just a quick cash grab but to build a
sustainable Revenue stream and I'm telling you right now Drop Shipping success it doesn't come from short-term wins it's about creating something that can keep reducing income month after month this approach will not only keep your business steady but help it continue to grow Beyond just a quick side hustle so here's a good rule that I like to follow on my own businesses and that I always suggest to my students when you're starting to see profits rolling in aim to reinvest 30 to 50% of those profits back into the business every single day that you're making
money this is going to be a massive Advantage as you continue to grow and it sets you up to reach new Milestones even faster what I want you to do is to think of your business like a cycle profit reinvest and then grow and as long as you stay committed to that cycle you keep treating your job shipping store as a real business you're going to be in a great position to scale up and continuously hit new levels of success so reinvest consistently stay focused and always remember every dollar that you put back into your
business is just a step closer to the why that brought you here in the first place all right now let's dive into a topic that most people are not too thrill to discuss but it's something that every job shipper absolutely needs to be ready for taxes and I know it's not the most exciting conversation but if you're serious about building a successful online business understanding and planning for taxes is non-negotiable one of the top questions that I get all the time is do you get taxed with Drop Shipping and the answer is a solid yes
I've emphasized this before and I will say it again you're running a real business here Drop Shipping it's not some under the table hustle it's a legitimate business that people are building Lively Hoods from and just like any other business taxes do come into play so the first thing that you want to do to make this whole entire process smoother is to set up a dedicated business bank account so if you haven't already just go to your local bank that you're already banking with and open up a separate account specifically for business transactions doing this
is what keeps your personal and business finances separate but organized and when tax season does come around it's going to be much easier to track your Revenue monitor your expenses and claim deductions when everything is all in one place with that being said let's talk about keeping track of your profits and expenses when you're running ads and scaling up trust me those expenses can add up quickly and the last thing that you want to do is be left guessing where your money went at the end of the year but there's tools out there like B
profit to help you track your expenses and revenue B profit also lets you monitor your Revenue ad Spin and all other business expenses all in one place and it's even set up for multiple stores so if you're managing more than one Drop Shipping business you're still covered on all fronts and you have a clear view of your profits and expenses at any given time now if you're currently watching this and you're not ready to invest in a profit tracker just yet I still got you covered my team and I created a free profit tracker specifically
for students who are just getting started if you're interested in getting access just let me know in the comment section down below and I'll make sure to drop it in the description for you now here's a quick Pro tip that's going to save you a lot of stress in time as your profits do start coming in I want you to set aside 10 to 20% of your net profit in a completely separate account specifically for taxes by setting aside a portion of your earnings you're going to have a financial cushion ready when tax season rolls
around and you won't be caught off guard by any unexpected Ed tax bill but as your business grows which it definitely will from watching these videos tax preparation can get a little bit more complex and this is when a CPA can be a game changer a CPA or certified public accountant they're going to be there to help you navigate deductions understand what qualifies as a business write- off and even take care of the entire tax filing process for you and if hiring a CPA isn't within your budget right now do not stress just make sure
you're practicing good financial habits with the steps that I just mentioned and you'll be in great shape now look I do not want you to be scared of taxes while first getting started as is just another part of the business at the end of the day so I want you to think of taxes as just another business expense and with the right preparation they don't have to be overwhelming if you stay organized and put money aside consistently you're going to be prepared for tax season while also building a foundation for a strong sustainable business all
right so we just covered a lot and if you're still with me congratulations I know this isn't the money and the success as fun and exciting to talk about when first starting your online business but if you're serious about Drop Shipping successfully in 2025 every single point that we just talked about is going to say you up for real sustainable success none of this was to discourage you but to prepare you because the truth is Drop Shipping can be incredibly rewarding but it is a business so it's going to take commitment patience and a strategic
approach to see the results that you want by understanding in building the right mindset budgeting realistically reinvesting in growth and staying on top of things like taxes you're setting yourself up to create something that's built to last now if you're finally feeling ready to take that next step you're going to want to come back to my channel and watch my next video how to start Shopify Drop Shipping in 2025 where we're going to be diving into the actual steps to get your store up and running find winning products and launch your ads for Maximum Impact
so watch this video a couple times if you need and get that Foundation down right after that that's exactly where you want to be next I'm excited to see what you accomplish this year let's make 2025 the year that you change the game let's continue to keep creating this generational well Supreme family this is AC with Supreme Ecom and I'm out
