Today we’ll be having a short notice eCom discussion with Rito.
This is the first discussion that we haven’t announced prior and really didn’t plan for…
Enjoy the video as Rito covers common eCom topics and problems:
Today’s post is dedicated to our subscriber questions.
The most frequently asked questions posted on our social media accounts and YouTube channel will be addressed, right here, right now.
Without further ado, let’s dive in…
Q: Is it worth launching a Shopify store if I don’t have a Stripe account?
Get your store launched and just use PayPal for the first few months until you get access to Stripe.
Q: Have you ran profitable ad sets with audience sizes over 10 million?
While the majority of our ad sets target an audience size between 100,000 to 1 million, we do have a couple of ads running that are near 10 million audience size. The key is to try different things and see what is working for you and your particular products.
Q: Do I need a social security number to run ads in the United States?
A: No, you do not.
Rito is not a U.S. citizen, and the vast majority of his customers are from the United States. If you’re not based in the U.S. but plan to conduct business within their borders, sign up for a Stripe Atlas account.
Q: Where is the best place to start my drop shipping journey?
A: Start with Bizathon3
Beginning your (Shopify) drop shipping journey with Bizathon3 will quickly acclimate you to the world of drop shipping and how to effectively run and scale your business without wasting time or money.
Q: Is Anime a good niche?
A: Yes and no.
Anime is very popular and can generate large amounts of traffic. The problem is that people want to purchase products related to characters and shows they’re already familiar with. Therefore copyright infringement becomes a major possibility and liability and is not something you want to deal with.
Q: If you’re doing so well and making a lot of money why take out a loan?
A: To have money for other things.
Just because Rito is making good money, doesn’t mean he wants or needs to spend it all in one place. When he takes out a personal loan to purchase his new home in India, it will allow him to build, acquire and do other things shortly after. Additionally, it will help build his credit and reputation as he pays it back.
Q: Are you still booking 1 on 1 calls?
A: Yes, but we are taking a short break.
Things have been so hectic lately, especially with Rito preparing to purchase a new home, that we won’t be able to get on any calls for about 2 weeks. However, if you’d still like to set up a time, feel free to do so here.
Q: Why would somebody buy from your sites and not AliExpress?
A: Many don’t know about AliExpress, & many purchase on impulse
Many Americans (our primary traffic) have never heard of AliExpress. The ones who have heard about it are more than likely using it for their own drop shipping businesses. The other reason is that people often purchase on impulse meaning once they see something they want, they buy it in order to feel instant gratification. Another reason is that people in first world countries often can’t be bothered to do price comparisons.
Q: Is drop shipping even worth it?
More and more daily tasks are being moved online. People are truly becoming accustomed to purchasing and conducting day to day business online. If you follow our videos and posts, you will make money. If you manage your money well, reinvest into yourself and your business, you will likely scale to new heights you’ve only dreamt about before.
That’ll do it for Episode 26 – Great work!
Questions, comments or just want to say hi?
We love hearing from you in the comments below!
If you’re not kept in the loop via our #Bizathon list definitely sign up today.