🧠TikTok Shop Dropshipping
How to Get Cheap Flights and The Importance of Time in Business
Today’s read time: 2 minutes and 44 seconds
What’s up party people! We’re back with another side hustle idea!
Before we get started, let’s connect on Twitter!
1. Business idea of the Week: TikTok Shop Dropshipping
TikTok shop is the biggest e-commerce opportunity of 2023.
Instead of sending TikTok users to another website (like Shopify), users can purchase products directly on the app.
And since TikTok shop was only launched last month, there’s tons of opportunities.
So let’s break it down. 👇
The idea: Create a TikTok dropshipping store.
This will be similar to traditional dropshipping (Chinese products sold on a Shopify store), but we’ll be using TikTok and products that are local in the US.
To get started you’ll just need to open up a TikTok shop.
Once your shop is up and running, you’ll decide what products to sell. The best part is that you can try out a ton of different products in your store, and then push the products that are working.
When choosing a product, you’ll want to make sure it:
Can be sourced from the US (eBay & Amazon).
Can sell for 2-3 times the purchase price.
Has a clear benefit that can be shown through video.
Once you’ve got a few products uploaded to your shop, it’s time to start making videos.
You can save a lot of money if you’re willing to make the videos yourself, but you can always outsource the video creation to other creators.
Since customers will only buy when they see a video of your product, the more videos = the better.
TikTok also offers two features that can help you drive sales.
Affiliates: Offer a cut of sales to TikTok creators, and they’ll promote your products for you.
Ads: If you have a video that is doing well you can use ads to push the video to more users and get more sales.
Since TikTok shops is brand new, TikTok is spending a ton of money to drive new users and sellers. This means they’re offering promotions like free ads, free shipping, and more.
Take advantage of this opportunity while it’s still new.
And that’s a wrap!
2. How to Get Cheap Flights.
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3. The Importance of Time in Business
When it comes to growing anything, speed + time are two of the most important factors.
Speed = how quickly you can get things done.
Time = how long it will take.
According to Freshbooks, it takes the average business 18 to 24 months to reach profitability.
But when most people start something (myself included) they expect to see results quickly.
When they don’t see results right away, they turn down the speed and eventually give up (which crushes their time in business).
The key to growth is turning up your speed as much as possible, and increasing your time allowance.
When you increase your speed and lengthen your time, it’s hard to lose.