Sustainability – Is Your Job Secure?

Hello World,

Although I had a bunch of masks available to me at home, I ordered another 50 pair. Yes, I started stocking up again just like how I did in the beginning of the pandamic. The numbers are peaking again. Although, the government is being conservative with the shut down, we are not far away from it.

Although this pandamic was the absolute terrible, I had my perks of not having to commute to work, I saved money on commute, I saved money on eating out. I had time to focus on myself and take care of my mental health over all.

But I want you all to think about the ones who has lost their jobs during the pandamic. It wasn’t as pretty for them as they all had to focus on getting another job or changing their career path and skill set. Think about it for it, if you still have a job then you are lucky but, let’s say the second wave it and you were the next to get laid off or fired?!

How much security do you have in your job? Almost zero, and that stands true even if there was no pandamic. Pandamic just makes everything worse, we can all agree on that!

Therefore, we need to upgrade our skills, always be aware of the current trends, and prepare for the future.

I always tell my audience to always, always, always, try to gain another source of income. Yes, not one but, two. One can pay your bills and the other you can re-invest to build wealth. There are some of you who are going to be like, no money can’t buy happiness. Money can’t, and I agree but it does buy you a bit of freedom and comfort to easily have time for what makes you the happiest.

Think about what I wrote, and share your ideas to help others grow!

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Dropshipping Vs. Amazon FBA – which one is right for you?

Hellow World,

Big questoin of the day, Amazon FBA or Dropshipping?

1. You conduct product research. Choose products or a product first.

Amazon FBA: You reach out to a supplier of the product, for example on AliBaba or AliExpress. You ask for samples. They send you samples, you approve. Then you order the amount of products you want to send to Amazons fulfilment center. What you are doing is buying inventory space from Amazon and Amazon does the rest. When a customer orders that product from your page, Amazon ships it out.

Risks: You might not sell out, hence inventory space has a cost. There is a loss right there. Plus, buying bulk will cost you a lot of money.

Don’t forget, packaging, shipping, advertising and businesses also has fees.

However, with higher risks there is higher returns. You have potential of making well over $80,000 a month on Amazon FBA depending on your product research. Let that sink in! Do your research if you have money to invest.

2. You conduct product research. Choose products or a product first.

Dropshipping: You set up droppshipping on many different sites such as Shopify or WIX. Shopify and or WIX act as a store where people buy the product you are dropshipping. You can use many dropshippng sites such as Oberlo, WIX, there are numerous ones out there OR, you can go to suppliers directly. You reach out to a supplier of the product, for example on AliBaba or AliExpress. You can skip this part but it would be good that you ask for samples.

Once your dropshipping, for example, Oberlo is set up with Shopify. A customer can come to your website and order the item. You would see the order, go to that item on AliExpress /AliBaba (it’s integrated with Shopify), then fill out the required information and order. Ali Express will directly ship the product to your customer.

Custom packaging: Ask your suppliers they will gladly do it for you but it will cost you.

Risks: You might not sell out without proper marketing. You need target audiences and heavy marketing.

Don’t forget, packaging, shipping, advertising and businesses also has fees.

However, with lower risks and investments the return may be much lower than Amazon FBA. You have potential of making well over $12,000 to $40,000 a month by Dropshipping depending on your product research and marketing. Let that sink in! Do your research if you have money to invest.

At the end, it all comes down to how well you are branding and marketing the products. Use Facebook advertising and marketplace. Use every social media channels you have!

The thing is, there is potential! You just have to take the chance and do your research!

Main question: Which one is good if you are just starting off? Dropshipping ask for lower investments hence, lower risks. You are basically selling someone elses products for them!

Thank you,

Dla

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