Maxim from quora
Back in 2008 I’ve started a dropshipping business on eBay, I had ZERO experience in sales, and ZERO capital to invest. Within 3 years my sales grew from 0 to $4.5M annually.
The profit margins in dropshipping are usually between 5–20%, if we take a 10% net margin then in order to make $70K a year you need to sell $700K worth of goods a year which is about $60K a month, and that’s entirely realistic!
Let’s start with the basics, you need:
- A product to sell
- A supplier to dropship the product