One of the biggest reasons why people fail is because they get into dropshipping with the wrong mindset.
Most people are sold a fake dream by someone that tells them they can make $10k in a week or in their first month without any previous experience and they think they are going to create a store, add some products, run a $5/day ad and voila money will fall from the sky. Guys, that's not going to happen and let me tell you the real truth:
Dropshipping is a real business and not a get rich quick scheme and if you want to make a quick buck then please don't get into dropshipping. If you want to start dropshipping
1. You need money, you cannot start without any capital and anyone that tells you that you can, then he/she doesn't know what they are talking about and haven't probably ran a successful store before.
2. When you are starting out be ready to fail, your first product is not going to be the winner, your first store is not going to be the best but it's all about testing, learning and keep going.
Also follow strategies that are tested and proven to have generated results, don't go around running conversion ads to a cold audience.
3. Keep going, it's not going to happen overnight. Be persistent and keep putting in the work.
Now, I am not saying you cannot make money with dropshipping or it can't be profitable, you definitely can, I've been dropshipping for 4 years now and IT IS VERY POSSIBLE however I don't want you or anyone else to get into it with the wrong mindset and the wrong expectations
TREAT IT LIKE A REAL BUSINESS AND YOU WILL SUCCEED
Please understand this before you start or if you have already started.
Also, Focus on building a Branded Dropshipping Store not just any other online ecom store like other dropshippers. The market is very Saturated and now you cant get away and make money with just any online store, you need to be focused on creating and building an actual brand that people will trust and only then can you actually become successful doing dropshipping. Unlike a year or two ago now you can't just get some Products, put together a store and run some fb ads and get loads of sales. You need to:
1- Choose the right Product ( don't think about the niche that much but make sure your product is currently trending and in demand )
2- Create a professional and trustworthy brand store
3- Work and highly concentrate on your copywriting, this includes all your product descriptions, all your pages on your store ( importantly the about us page ), the general written paragraphs/phrases on your store.
4- Building a strong backend system to keep the brand growing
5- Setting up effective systems of marketing and Branding such as email marketing, social media presence etc.
6- While running Facebook ads you can't just go choose some interests, create an ad copy and start running the ad and expect sales. You need to have proper strategies for everything from TESTING your product to scaling and retargeting.
There is a lot more and if you have any questions or need any help feel free to reach out to me and I'd be more than happy to assist and help you out.
Wish you the best!