There is a lie that is causing many people that are dropshipping with Aliexpress to fail miserably.
And it’s something that most “Shopify Gurus” will fail to tell you.
Find out what it is in today’s video.
#1 DIVERSIFY with New Products
Do it every single day.
The thing with most people is once they found that one winning product, they just go easy and take their foot off the gas pedal and they stop doing what initially got them the results in the first place..
And that is testing new products!
One of the biggest things that you could do right now is make sure that every single day. .
No matter if you have 1 or 10 winning products, continually test three new products every single day.
The difference between someone making $1 a day and someone making $1000 a day is quite simple. The person that makes $10,000 a day doesn’t get complacent with the results but continue to reinvest his profits back into testing new products one after another.
One of the best ways that you can think about on winning product is like an ace in a deck of 52 cards.
Now in a deck of 52 cards, there are four aces and your biggest goal when you’re finding a winning product is to throw away the crappy cards to find the four aces hidden in a deck.
But this is a good thing with e-commerce and with Aliexpress…
There are millions of products you could choose from!
So when you find your 4 winning products out of the deck of 52 cards, guess what you can do?
Keep on testing and find new products.
That is how you’re going to continually scale your business without having to worry about your competitors eating your profits because you are just a step ahead of them.
You will find yourself stumbling upon the next new product that they haven’t even searched for nor found yet.
#2 DIVERSIFY with Other Income Sources
One of the easiest thing that you guys can do is starting a blog or a YouTube channel on the side.
Especially when you’re starting off, it’s one of the best things because you are recording your entire journey.
And here’s the thing with Youtubing or blogging…
You do not have to be the best person in the world in that subject.
All you have to be is just one step further than the next person and you already are giving value to them.
Now don’t worry when you’re starting your YouTube channel or your blog about the thought that “you have to teach.”
By documenting your entire process, you are already helping out in the journeys of your fellow and aspiring entrepreneurs.
Can you imagine how inspirational it would be to document where you are right now as opposed to where you will be a year from now or five years from now?
Imagine someone stumbling upon your YouTube videos or your blog. .
And the fact that you have a story that they could relate to, this will definitely help someone else big time!
As simple as that, you don’t have to teach.
Just DOCUMENT THE PROCESS.
When you look back at it, it’s going to be amazing especially when you start having an ad revenue from your YouTube videos alone. Trust me, you could survive on that!
#3 Pay Yourself a Salary and SAVE THE REST
How do you do that?
Calculate the expenses of your current lifestyle, and then pay yourself that salary.
Put the rest into your savings while also reinvesting back into your business.
This is one of the biggest things that are going to prevent lifestyle inflation.
Instead of seeing the money that’s coming in from your business as your personal money, you divide the two.
Create an LLC and put most of your money in your LLC’s bank and you pay yourself a salary on a monthly basis.
That is exactly what I did when I first started.
This huge influx of money that came in was something that I wasn’t used to financially, but I was preparing to grow my mindset. I was studying finances for a really long time to understand that I couldn’t blow it all.
And this leads me to the 4th step that you should do…
#4 Invest in YOURSELF, Not in Your EGO
Don’t let success get to your head. And when you start succeeding, don’t you dare show it to the world!
Like that bottle service that you’ve wanted, you don’t need it.
That new car that you dreamed of, don’t do it. Just get Uber instead. .
That new house or that new apartment that you have always wanted, don’t fix yourself into a long-term lease and instead just Airbnb especially when you travel.
Save most of the money that you can make and begin reinvesting it back into your mind, NOT YOUR EGO. .
Because just like what Jim Rohn says,
“Whether you win or whether you earn a million dollars, best you quickly learn how to be a millionaire, or you’ll lose it.”
It’s like someone who won the lottery.
When someone wins it, they’re not used to the wealth. So within the year, they’re literally broke, dead, or depressed.
That is because their mindset was not ready to handle that amount of money.
You’ll only be able to keep and earn from the things that you put in your mind.
If you’re not focusing on growing your mindset, then you’re not going to keep any success that you have.
So the best way that you can prevent this is to consistently reinvest into growing mind.
Here’s what you can do:
- Buy books on wealth creation AND preservation
- Invest in courses (which I have a passive income course and shopify course available to the people that are serious below)
- Check out Yaz who made $500 in a single day after taking the program
- And don’t be afraid to go to LIVE events. (..that is where I met most of my friends that are now killing it in Ecom)
Take advantage of these opportunities my fellow freedom fighters.
Make sure you do these. GO TO LIVE EVENTS.
I can tell you how much amazing friends and mentors that I’ve met at these events because it’s in these events that increases your belief.
And these are the events that changes people‘s lives because at the end of the day guys, especially if you’re not having any success or whatsoever. .
Sometimes, you really need to see it before you believe it.
There’s no amount of books or audiobooks that can really instill that level of belief inside you as opposed to going to these live events in seeing the people that are already successful living their lives.
One of the biggest things that changed me is when I went to Tony Robbin’s event where I saw 7000 entrepreneurs out there literally living their lives and having so much fun in just being filled with so much gratitude. .
All because they made a decision to invest in themselves and go to one of those crazy big events.
So guys, hopefully this helps!
If you have any questions, make sure to comment below!
And for more tips on how to make money online make sure you check out the following: