Episode 19: What is Dropshipping? Q&A with Thaddeus Strickland

The Dropout Degree with Josh King Madrid

JetSet

Business

5 • 846 Ratings

🗓️ 23 October 2017

⏱️ 3 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

What Is Dropshipping? Dropshipping is a type of retail fulfillment in which you, the merchant, never touches the product. When a customer buys from you, the order is sent directly to a third-party manufacturer or distributor. That company packages and sells the product for you and ships it to the customer directly. Not only do you not have to box anything up or ship it, you also do not have to maintain any inventory. And that is huge.

Transcript

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0:00.0	This is the dropout degree.
0:05.0	Find out what it really takes to win big as an entrepreneur.
0:09.0	Regardless of your age, education, or financial background.
0:14.0	Hosted by the world's most influential Gen Z entrepreneur.
0:18.0	Josh King Madrid.
0:20.0	Or as you may know them, Jet said Fly.
0:23.0	Enjoy.
0:25.0	Alright guys, I'm here with my man, my boy, the myth legend,
0:32.0	thatius was absolutely killing it and e-commerce actually just
0:34.9	had a student reach out to him that went from what 13 k to 80,000 this past month so
0:39.4	crushing I'm not sure what the profit percentages are but either way 80,000 is a pretty big deal.
0:44.0	So tell me a little bit of a lot you do.
0:46.0	Yeah, so I got started drop shipping, okay?
0:48.0	And with that, it's one of the easiest industries to get into, I say that and preach that and live by that.
0:52.0	But basically, we start drop shipping, we show
0:54.1	you guys exactly the process that we use and how we work with influencers and Facebook paid ads and
0:57.9	just paid platform ads to scale your sites, you know targeting, trafficking,
1:02.0	trafficking, all that kind of stuff
1:03.2	to kind of go from, you know, a couple hundred a day to a couple thousand a day
1:06.1	to 10,000.
1:07.1	Yeah, what's up?
1:08.1	What is drop shipping?
	...

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