Re:The weird, get-rich-quick world of dropshipping
by thisisnico on Friday May 01, 2020 @12:15PM
(#23043578)
I think the biggest issue here is barrier to entry. The barrier to entry is so low in eCommerce. The required skills are not that difficult to obtain, you don't need years of schooling, you don't need to know how to code, you don't need much of anything. For most people the level of competition is obscene because of how easy it is to get into. It's extremely difficult to reach the top tier because of the unreal amount of competition and very little competitive advantage available to leverage. I look at it the same as I do with YouTube and Social Media Influencers. Incredibly easy to start, incredibly difficult to "Make it".
Re:The weird, get-rich-quick world of dropshipping
by paulcole on Friday May 01, 2020 @04:31PM
(#23046184)
> I am confident that any 10 year old could sell $100k+ per month online with about a week of training if that was the only requirement and they were allowed to spend $120k.
This 10 year old sounds like they're ready for the next YC batch lol.
I am confident that any 10 year old could sell $100k+ per month online with about a week of training if that was the only requirement and they were allowed to spend $120k. Actually earning significant profits is the difficulty here, and that only gets easier with the standard toolkit of running a successful online retail business: understanding the products, knowing the market, and understanding all the legal hurdles.