alright guys in today's video we're
gonna do something a little bit
different but let me explain to you what
we're gonna be doing in a second first
of all we have our first question
a Franklin's Albert I want to ask you a
few things first I want to ask you for a
beginner which you prefer to do flip
know drop shipping needs a lot of
capital up front and with a flip
marketing not as much as drop shipping
alright guys so we're gonna be doing
something new on this channel and we're
gonna see how it goes a couple of days
ago I posted a story asking people to
send me questions now the reason I want
to do this is because I get so many
questions every single day on email
Instagram YouTube and it's very hard for
me to keep up and reply to every single
question and I do get a lot of repeat
questions so once a week I'm gonna be
doing a Q&A video I'm going to take your
guys voice recordings and I'm going to
go over them on youtube if you wonder
how to send me a voice recording there
is a link in the description you can
send me a message and I will be doing
videos every now and then replying to
those messages for you
so I can help you grow your business
online and hopefully make you some money
online we're going to call this series
of something like ask Franklin something
very generic but I really want to help
you guys out to make more money online
and start your own business
so the first question was what's the
best for beginners online affiliate
marketing or dropshipping now before we
even get into that question there's a
couple of things you kind of need to
realize one important thing is affiliate
marketing and dropshipping kinda are
very similar in the way you make money
so affiliate marketing you take someone
else's product and you get a commission
drop shipping you find a supplier in
China or another country and your
supplier sends a product for you both of
these methods you don't touch a product
you just focus on the traffic however
one of them is a little bit easier than
the other and I'll tell you why so I
will tell you what I think is best for
beginners in a second let's talk about
affiliate marketing real quick so
affiliate marketing you have two options
to send traffic option number one which
is what I like is what we call organic
traffic so what I do is I go and build
out these websites called niche websites
you can do a website on fishing for
example and you can promote fishing
products from Amazon now the only
problem with this traffic method guys is
it takes a long time to start to get
traffic it can take too
months three months four months five
months even up to a year sometimes
depending on how competitive the
marketplace is but essentially what we
do is we guide and build these niche
websites and we get Google traffic now
you can do that with drop shipping as
well but it's a lot more competitive and
it's a lot harder to get organic traffic
to e-commerce products affiliate
marketing is the best method you want to
do if you want to do organic traffic now
affiliate marketing you can also use
paid traffic you can go out and build an
email list and you can promote products
in the email marketing part so it kind
of works the same as drop shipping you
know you can go spend money on ads just
like drop shipping so those are the two
methods that you can use with affiliate
marketing now of dropshipping most
people only use one traffic method and
that's advertising so you're going to
have to have a lot of money up front and
I'm talking like five hundred to a
thousand dollars so over all of my time
training people and stuff I found that
most people need at least $500 or more
probably more like a thousand dollars or
more to start drop shipping so if you're
a complete beginner and you you know
most beginners don't have a lot of money
to start making money online then I
would recommend affiliate marketing the
reason is is because it's such a low
barrier to entry so you can go and start
a website right now for $3.00 per month
and you can just keep posting content
and I've said this before but you can
just keep posting content and eventually
you'll start to get traffic and there
snowballs or if you want to you can go
do paid advertising with affiliate
marketing it is a little bit harder but
you can build out an email list and you
can keep promoting other affiliate
marketing products but what I like as
well about affiliate marketing is if you
wanted to you could go and start a
YouTube channel right now and you can
make money and via affiliate marketing
that way it's completely free there
won't cost you anything to go and start
a YouTube channel so my opinion in flat
marketing is the best for beginners now
if you have a little bit more skills
online and you want to you know make
money quicker drop shipping is for you
drop shipping you can essentially make
money quicker because it is easier to
make money quicker with advertising with
drop shipping however even though you
can get results faster there is a lot
more testing involved with draw
shipping okay so they're both very good
methods for beginners however if you
really want to do something on a really
low budget I'm talking like under $100
or for free or under a couple of hundred
dollars at affiliate marketing if you
want to jump in get results quicker and
you're willing to spend the money then
drop shipping and the next question
actually going to talk more about drop
shipping and I'm going to explain to you
how you can make money quicker with drop
shipping so now we're gonna go over the
second question guys I'm gonna do two or
three questions per session so remember
there is the link below if you click
that link you can ask me a question a 30
second question and then I will use it
in my next videos if you want me to put
you on here and try make it just like
you know really good questions guys
because no not like questions like
generic questions if you make them
really good questions and you've got a
bit of chance of getting them featured
on this channel so here's the second
question guys hey Frank I wanted to ask
you on average how long does it takes
for someone using the Econo life
training course for dropship in the you
offer to start making money let's say
$100 $200 $500 a day on average how long
does that takes I know it's not the same
for everybody I know we work different
for every person but on average just
wanted to know how long what the one
who's someone on your curse
take to get to that point on average
what's your opinion okay so he's asking
how long does it take to start making
money with drop shipping now let's take
my course out of the equation he asks
about my course this is generally say
how long does it take to make money or
how quickly can you make money off drop
shipping so I've worked with many
students and there's one thing I noticed
with the ones that fail and the ones
that succeed the ones that succeed are
willing to put in quite a bit of money
at the start the ones that fail will run
ads on $2 a day three dollars a day five
dollars a day and they're and they're
really really tight with the money they
don't want to let money go for testing
testing phase is the most important part
okay but what a lot of people do is they
try and teach products that are not
proven you want to go and see what
products are working in the industry or
have worked in the past and you want to
go and promote these products you have a
higher chance of becoming successful
quicker but if you know if you don't
test properly you probably won't
become successful with drop shipping
that's the biggest mistake I see people
make now if you are willing to go out
and you know hey you have five hundred
dollars you have kind of like a thousand
dollars for testing then I'm not sure
how like I can't guarantee your results
I can't say when you will get results
and what's the quickest way but in my
opinion the quickest way to get results
is not holding back when it comes to
money you can understand that you might
fail a business but you also need to
spend money to see if you will fail or
you will be successful so what I
recommend you do is have at least five
hundred to a thousand dollars set aside
doesn't matter whose course you take
follow their strategies and be willing
to test products are like twenty dollars
per day and sometimes you might have
five products decked up testing at
twenty bucks per day that's a hundred
dollars per day you're going to be
testing it so you can chew through money
quickly but you have a better chance of
making money quicker and faster if you
test products that are proven to work so
even though I can't give you a definite
timeline the quickest way to make money
with dropshipping a hundred to three
hundred dollars per day is to test
products with a good amount of money
this is the biggest roadblock I see that
this is literally the number one
roadblock I see people will come to me
and my group and say all Franklin this
products not working them and they send
me their ad account and they're spending
$2 per day this is how you gotta look at
it if you've got a product that you're
selling for $30 and you hit let's say
$60 an ad spend and you don't make a
sale it's probably a good indication
that that product isn't gonna work for
you okay but what I see is people will
be selling a 3000 product and they'll
spend five dollars you're not even gonna
you're just not going to make a sale
doing that because you're not giving
Facebook enough money to start with
Stephen do anything with so you're
literally failing from the start the
quickest way simple follow whoever
you're trying to get mentoring from
follow what they teach which is it's
pretty it's pretty simple stuff throwing
products they're working in the industry
it'll be willing to spend you know quite
a good amount of money at least 20 bucks
per ad set to test and test products
that are actually working and have good
videos and stuff or good images and you
have a higher chance of getting results
quicker now quick little tip guys is
when you're doing drop shipping and
stuff let's say you're running they say
you've gone test a bunch of products and
you let's say it is five products at
twenty dollars per day they say two of
those part
making new sales so he's spending $40
per day what a big mistake people do is
they just go and put the price up they
double or triple the price what I would
recommend you do is start to get some
retargeting going just leave that cold
leave those colds adds on 20 bucks today
so you spending $40 per day or whatever
to get these sales well let's just say
one add to make it easier so you're
spending 20 bucks per day on their one
ad set just let it run don't increase
the price yet go and set up some
retargeting ads first and then just let
kind of everything settle down then
start to scale up your cold ad because
you're basically doing two things at
once
first of all you're sitting up your
targets so you're ready to go and you
know they probably won't spend much
money at the start because you haven't
really got much traffic but once you let
the retargeting set up you can go back
and you can scale that stuff to scale
that cold out that cold traffic right
and also set up some abandoned cart
emails and stuff you want to get all of
that stuff set up before you start to
scale your winning main ad sets
otherwise you're going to be missing up
on a lot of sales and that's probably
one of my main tips to get results
faster is to make sure you have your
retargeting set up and your abandoned
cups before you start to scale a
potential head set alright guys so I
hope you like this stuff we will
probably do some more religious depends
on the questions that I get if you have
any questions hit the link in the
descriptions to me a 30 second video
maximum 30 seconds our recording I
should say a voice recording and I will
feature them in my future videos if you
want to learn more how to do affiliate
marketing and drop shipping I will leave
some videos up on the screen these are
completely free for you to watch click
those right now and you will learn how
to do affiliate marketing and I will
leave a video on how to do drop shipping
as well don't forget to subscribe
tap there notification Bell leave a
comment below if you do have any
questions but I would rather you click
the link and ask me questions in there
and I'll see you on one of the videos on
the right
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