Published on

$100 to $10,000 Dropshipping Challenge (#1)

Introduction

In this article, we dive into a thrilling journey of turning a modest $ 100 investment into a staggering $ 10,000 through dropshipping powered by TikTok ads. I will document every step, from identifying a winning product and creating our store to launching effective TikTok ads.

Step 1: Finding a Winning Product

To get started, we need to find a product that has the potential for good sales. For this, we are using the Mina platform, which offers a free trial, enabling us to utilize our limited budget smartly. I navigate through products that are currently gaining traction on TikTok and stumble upon a unique product: the Custom Pet Stamper.

At first glance, the Custom Pet Stamper has only 7,000 views, indicating it's relatively new, which presents an excellent opportunity. A quick search on TikTok reveals numerous videos, including one with nearly 2 million views, showcasing its popularity.

Product Price Calculation

The product will cost $ 6.89 per unit through CJ Drop Shipping. After accounting for shipping and taxes, the total cost per stamper is $ 11.56. This product can be sold for around $ 30, which leaves ample room for profit.

Step 2: Setting Up Our Shopify Store

Next, we create our Shopify store. To start, we sign up for a trial plan priced at $ 1 for the first month, bringing our budget down to $ 99. After that, we add our first product, the Custom Pet Stamper, using a free dropshipping app from CJ, which doesn't affect our budget.

Then, we enhance our store's appearance by installing a pre-built theme from the Ecom Mafia Discord. Following this, I customize the product page, improving the visuals and the content with the aid of ChatGPT. A logo and branded domain named shopris.com are created, further enhancing our store’s professionalism.

Step 3: Launching TikTok Ads

With our store ready, it’s time to launch our ads! We create campaigns in the TikTok Ads Manager, initially launching three products, each with a $ 20 ad spend. This includes the Custom Pet Stamper, a Dumbbell Bracelet, and a Jelly Friend LED Fish Lamp.

Day 1 Results

After 24 hours, we see success! We manage to make $ 83 in sales, predominantly driven by the Custom Pet Stamper. This brings our new budget to $ 738. With this, we scale our efforts further by duplicating successful ad groups for day two.

Day 2 Results

At the end of day two, the results are even better—six orders and a total revenue of $ 179! With continual ad spending, we resolved to duplicate our ad groups again, maintaining our momentum.

Throughout this process, I also promote the Ecom Mafia Discord community, which offers a wealth of resources and training, further supporting our dropshipping ambitions.

Looking ahead, we are set to scale our store, replicate successful strategies, and revamp our presentation for increased sales. Stay tuned for part two of this thrilling $ 100 to $ 10,000 journey!

Keywords

  • Dropshipping
  • TikTok ads
  • Custom Pet Stamper
  • Shopify store
  • Ecom Mafia
  • Revenue generation

FAQ

Q1: What is dropshipping?
A1: Dropshipping is an online retail model where you sell products to customers without holding inventory. Instead, you purchase the item from a third party and have it shipped directly to the customer.

Q2: How do I find a winning product for dropshipping?
A2: Look for products that are gaining traction on platforms like TikTok, have low competition, and can be sourced at a price that allows you to sell them for a profit.

Q3: How can I market my dropshipping store?
A3: You can utilize TikTok ads, social media marketing, influencer collaborations, and search engine optimization (SEO) to reach your target audience effectively.

Q4: What platforms can I use for my dropshipping store?
A4: Popular platforms include Shopify, WooCommerce, and Wix, each offering tools to create and manage an online store efficiently.

Q5: Is it possible to start dropshipping with a low budget?
A5: Yes, starting with a small budget is feasible, especially if you leverage free trials and tools available for ecommerce businesses.

Read More