Thaddy got his supercar Audi R8 at 19 year old. Is that how fast he is making money? He replied: this is four years in the making
- advantage of POD
- may not need additional employees
- good quality products
- better shipping time
- advantage of Dropshipping
- no inventory
- many products to choose from
- can increase profit margins substantially (this someone contradicts another enterpreneur's opinion where profit margins are low because competitors might sell products low)
- have to fulfill orders manually
- longer shipping times
- less control of your brand
- can go into niche stores and later on branding
Thaddy shares what is better than dropshipping, FBA and print on demand is Private Label. He started with it first but failed. When he had enough cash or capital to start with it again, he did and this time with success. He started in the Men's fashion niche.
- comparing Amazon FBA/ Ebay arbitrage, the profits are slimmer compared to dropshipping
- he private label with 60% margin
- need more capital to start
- need a fulfillment service to ship your items
- advocates dropshipping to have a feel of the market before scaling into private label
- private label with Alibaba; dropshipping with AliExpress Orbelo
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