I Tried Dropshipping For 7 Days! (Dead)

Introduction

In this article, I’ll detail my journey of trying out dropshipping for seven days, with a focus on finding a winning product, creating a website, running ads, and ultimately assessing the financial outcome of my efforts. My hope was to see if this venture was lucrative enough to put me one step closer to my dream—a Bugatti!

Finding a Winning Product

To kick off this challenge, the first priority was to identify a product worth selling. I have a specific set of criteria that guide my product research:

Problem-Solving Nature: The product should tackle a genuine issue that potential customers face in their lives.
Wow Factor: I look for innovative products that not only surprise me but also create excitement—products that are novel and desirable.
Trending: It’s vital not to reinvent the wheel; hence, I search for items that are trending and gaining traction in the market.
High Perceived Value: Ideally, I want to procure products for about $ 5 to $ 10, allowing me to sell them at a premium price of $ 35 to $ 50, ensuring a good profit margin for advertising and scaling.
Improvement Potential: I assess whether I can enhance the existing marketing materials or product presentation to offer additional value.

With these criteria in mind, I embarked on the hunt for a winning product. For product research, I utilized various free tools like the Facebook Ads Library and TikTok Ads Library, in addition to a paid tool named Mina, which helped me filter through the vast options and identify popular products.

After much searching, I discovered a product—a laser sighting tool for firearms that helps users zero their optics without wasting ammunition. Noticing its popularity with over 22,000 likes on an active ad, I was convinced it was worth testing.

Setting Up the Website and Ads

The next day, I was excited to learn that I could source this product for approximately $ 9 to $ 13, allowing a healthy margin to sell it for around $ 40. I immediately dove into creating a professional website, crafting compelling descriptions, adding high-quality images, and ensuring the page was attractive enough to convert visitors into customers.

The website was simple, focusing solely on this one product. To enhance my marketing strategy, I ordered video ads to drive traffic, with a promise to update viewers once I received them. The video ads emphasized the product’s features, including its user-friendly design and efficient performance.

Once the ads arrived, I ran two campaigns distinguished by different creatives to maximize exposure.

Ad Performance and Results

As the days passed, I monitored the ad performance. Initially, the results were mixed. We faced a setback—they didn’t track sales effectively due to an improper pixel installation. However, I was pleasantly surprised to find we made three sales, totaling $ 119 against an ad spend of just $ 79.

Over the next several days, we experienced fluctuations in sales, but consistently returned to similar figures each day. My strategy involved experimenting with creatives to discover what resonated best with the audience.

By the end of the seventh day, total sales reached $ 1,144. After accounting for product costs, ads, and the domain expenses, the profit was a modest $ 111. While not the pathway to a Bugatti, the experience was enlightening.

As I reflect on the results, I acknowledge the necessity for continuous improvement in creative strategies and ad copies to optimize performance. Although this effort didn’t yield outstanding profits, the insights gained will influence my future dropshipping ventures.

Keyword

Dropshipping
Winning product
Problem-solving
Marketing strategy
Website creation
Ads performance
Sales tracking
Profit margin
Creative testing

FAQ

1. What is dropshipping?
Dropshipping is a retail fulfillment method where a store does not keep the products it sells in stock. Instead, it purchases the item from a third party and ships it directly to the customer.

2. How do I find a winning product for dropshipping?
Look for products that solve a problem, have a wow factor, are already trending, have a high perceived value, and have room for improvement in marketing.

3. Is it possible to make money with dropshipping in a short time?
While it’s feasible to generate sales quickly, profitability often depends on factors like product selection, marketing strategies, and ad performance.

4. What are the common challenges in dropshipping?
Common challenges include managing ad expenses, tracking sales accurately, ensuring product quality, and competing in saturated markets.

5. Can I run ads without a website?
Generally, a website is essential for dropshipping to present your products, manage orders, and build customer trust.