Today, i’m sharing a very special success story. This entrepreneur combined her full-time job with a dropshipping business, and she is making amazing profits.
So, here’s an in-depth interview that uncovers the secret of how to make money with eCommerce.
Disclaimer: The success stories published in this blog are the results of interviews conducted in the written form. Even though the editors may make some minor changes to the grammar, spelling, and/or punctuation, the respondents’ writing styles, views, opinions, stores screenshots and personal photos are left unchanged.
Hi, please introduce yourself!
Hi! I’m Tumini, and I work in a real estate company in Lagos. I’m also a dropshipper– that’s what my story is all about.
Why did you decide to try the dropshipping business model?
Dropshipping has 3 advantages that changes the status quo.
Firstly, you don’t need any warehouse and an employee for fulfilling orders.
Secondly, you are not limited by your cash flow, you don’t have to order and “wait” till some customer buy your goods.
And the last one – you can import lots of products without stocking them in!
Basically, you are selling goods to customers by clicking to “Place order automatically”.
What was your previous experience of making money with eCommerce?
I had a fairly solid previous experiences with eCommerce, i have been running an Instagram shop with mini importation (and yeah, with high logistic expenses).
Anyway, i started with dropshipping 6 months ago and my first shop was bad, the total revenues was not so good and i was in the negative.
How did you learn about Dropshipping Mastermind?
I’ve been looking for a good course that would allow me learn:
- Copywriting and internet marketing.
- How to build very good converting stores.
- The intricacies of the dropshipping model
Dropshipping Mastermind was the best Nigerian course i have taken after a friend referred me on twitter. So, due to its simplicity i was able to learn everything i needed to know from the beginner level to where i am currently.
How much money have you made with eCommerce?
I went from 0 to $1,800+ monthly revenue with a very positive ROI (return on investment).
My current ROI is 5, so, from every invested $1 i got $5 back WITHIN 5 MONTHS.
What’s your product strategy?
I simply followed the strategy i learnt from the Dropshipping Mastermind course. I focused on the products that meet the following criteria:
- More than 300k video views on Facebook.
- More than 1000 orders on Aliexpress
- A rating higher than 94%
- The seller’s period of activity on AliExpress is not less than 2 years
- The product has a search volume of over 90 in the past 2 months
For pricing, i used a simple formula:
X5 of product cost
No additional fees on checkout, for example, shipping and packing fees.
When did your first sale happen?
The first one happened immediately after the launch of Facebook Ads campaigns.
How do you promote your eCommerce business?
Really good question. There are lots of marketing channels allowing you get lots of sales, but there are only few channels with a high return on investment.
I am primarily focusing on:
- Facebook Ads + Facebook Re-marketing
It’s very important to focus on one platform and master it first before moving to another platform
How much time does it take you every day to manage your online stores?
On average, I spend about an hour every day on tasks.
How has your life changed? What are your plans for the future?
To be honest i’m not where i really want to be but regardless i still ‘dream big’ – now, i’m trying to build something big like MVMT, even though there are really lots of technical details to solve.
What advise can you give to newbies reading this – those who already run their stores and those who haven’t started their own eCommerce business yet?
If I could go back to when i started, I would definitely start with taking the Dropshipping Mastermind Course.
Also, I want to mention that running and creating performance Ads is really hard. I would recommend to learn by taking a course. You will learn a lot from from this, and then you will be able to use the expert knowledge to create better campaigns and save lots of money.
And oh – don’t forget about customer service. It’s the most important thing.