This 24-Year-Old Makes $13,000,000/Year Dropshipping (SHOCKING!)

Click here to start your AutoDS 30-day trial now using my link: platform.autods.com/register?...
In this video, I interview successful dropshipping and e-commerce millionaires who have made millions of dollars in the e-commerce industry. I ask questions about how they built their businesses, marketing strategies, important lessons they've learned, as well as a bunch of other questions related to entrepreneurship.
Our guests for this video:
Douglas: / douglas.truong
Steven: / stevenguo.io
Susan: / susxnn
Jason: / pug
► Daily advice and BTS on my Instagram: / charlie__chang
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Each entrepreneur I talked to today has their own story, along with their own wisdom and advice, so be sure to watch the entire video to get all of their practical advice! They're all super successful at such a young age, and I hope this video inspires you in some way, especially if you're just starting out in entrepreneurship and dropshipping.
If you liked the video, and you want to see more interview videos like this, check out my other videos:
Asking Digital Nomads What They Do For A Living (Bali, Indonesia):
• Asking Digital Nomads ...
Asking Strangers How Much MONEY They Make (Newport Beach):
• Asking Strangers How M...
I hope you guys found this video helpful, and if you did, please SHARE it with a friend or family member who you think could benefit and also LIKE and subscribe for more videos like this in the future!
Thank you for watching, and I hope you have a wonderful rest of your day!
- Charlie
#Dropshipping #Millionaire #Entrepreneur
Timeline:
0:00 - Intro
0:22 - Douglas (owns multiple dropshipping businesses)
5:31 - AutoDS
6:24 - Steven & Susan (own 7 figure e-com company)
12:06 - Jason (owns sourcing company)
16:44 - Conclusion
Disclaimer: Some of the links above may be affiliate links, which means that if you click on them I may receive a small commission. The commission is paid by the retailers, at no cost to you, and this helps to support our channel and keep our videos free. Thank you!
In addition, I am not a financial advisor. Charlie Chang does not provide tax, legal or accounting advice. The ideas presented in this video are for entertainment purposes only. Please do your own due diligence before making any financial decisions.
► My Instagram: / charlie__chang

Пікірлер: 165

  • @CharlieChang
    @CharlieChang4 ай бұрын

    Click here to start your AutoDS 30-day trial now using my link: platform.autods.com/register?ref=NzQwNTg0 Hope you find this video helpful - we got advice from 3 different perspectives and I really think you'll find it actionable. Crush it and have a great day! -Charlie

  • @flightgamer753

    @flightgamer753

    26 күн бұрын

    wher does he live man

  • @gadgetboyplaysmc
    @gadgetboyplaysmc4 ай бұрын

    Props to the first dude's dad for giving him a chance to prove himself at least.

  • @HussainDaveham
    @HussainDavehamАй бұрын

    Man , you are creating so much value ! Keep up the outstanding work and bring on more interviews from the e-commerce entrepreneurs!

  • @Trstchaa
    @Trstchaa4 ай бұрын

    This is just my perspective, dropshipping is a great way to first understand the basics of running a business , testing products and gaining some capital. However, after you’ve found a consistent product, I think it would be wise to start doing custom logo packaging and wholesale that product and scaling alongside amazon.

  • @CharlieChang

    @CharlieChang

    4 ай бұрын

    100%

  • @lilili101

    @lilili101

    3 ай бұрын

    Don't drop shippers customize their product and packaging???

  • @absolutepropertyservices7116
    @absolutepropertyservices71163 ай бұрын

    This young man has an incredible rate of learning and using that knowledge to not repeat his mistakes. Kudos.

  • @augustovicent4922
    @augustovicent49224 ай бұрын

    Thank you for this interview

  • @judymyers1934
    @judymyers19344 ай бұрын

    Thank you, this will help a lot. This is really nice and inspiring story, and this young man could teach this in schools probably :D I started a year ago with literally nothing, but it's paying really great for me last few months (I am close to hitting 15k per month now). Consistency and hard work (with a little bit of winnerzila of course, as they have really good product suggestions. Also their videos and other assets are simply vital for me) is key to success!!

  • @samgreenfield3641
    @samgreenfield36414 ай бұрын

    Amazing video will definitely check out the saucy guy looking to get into dropshipping and building brands myself keep em coming especially the ecom stuff

  • @user-qm5nz5xo6e
    @user-qm5nz5xo6e4 ай бұрын

    Fantastic 👏👏👏 Great session 🙏

  • @silvakko
    @silvakko22 күн бұрын

    Thank you! So much value given!! thanks!!

  • @MrSzczawik2121
    @MrSzczawik21214 ай бұрын

    Wow 2:30 to 3:30 is exactly about me!! I'm so grateful that i watched this video today! Moving out from my hometown in 3 days. Got my apartment here, safe 9/5 but no way for personal growth. I decided to move out although i have no money saved up. But i got single room rented out and gonna find a way to survive and work on myself! THANKS BRO ❤❤❤❤

  • @Rosevawanderlust
    @Rosevawanderlust4 ай бұрын

    Thank you Charlie for this video :)

  • @user-sy2qj5up5p
    @user-sy2qj5up5p4 ай бұрын

    you're asking good questions, first guy gave great answers

  • @CharlieChang

    @CharlieChang

    4 ай бұрын

    Thank you

  • @JustRandomThings057
    @JustRandomThings0574 ай бұрын

    These people just motivates me. Imagine they started at a very young age. If they can do it, I can too. Thanks

  • @williamscsharpwalkthroughs4316

    @williamscsharpwalkthroughs4316

    4 ай бұрын

    you got this!

  • @nossta5242

    @nossta5242

    3 ай бұрын

    I'm very motivated too, the next step I need is discipline and a plan 💪

  • @sillysel11
    @sillysel113 ай бұрын

    Love watching young people who have passion for success

  • @M7_J0KER
    @M7_J0KER4 ай бұрын

    Your content really inspires me keep up the grind

  • @pixelizedneko
    @pixelizedneko4 ай бұрын

    Young people today have lots of opportunities around them. It's easier to do business unlike before. Keep it going 🎉

  • @nessmoore
    @nessmoore4 ай бұрын

    Very informative. Thanks.

  • @SusannaJ
    @SusannaJ4 ай бұрын

    The last interview was very informative.

  • @CharlieChang

    @CharlieChang

    4 ай бұрын

    Thanks! Thought it would be good to get the perspective and advice from a sourcing expert

  • @KeniiAmane
    @KeniiAmane4 ай бұрын

    Great analysis. What do you think about Staxum, it is in presale stage, big partnerships.

  • @officialjasonpalmer
    @officialjasonpalmer3 ай бұрын

    I love that “grinding” to this guy is working 40-50 hours a week 😂. That’s what most people work every week for their entire lives and barely get by. Not saying that as an insult. I guess it’s more of a testimony to the methods he uses.

  • @wbielicz

    @wbielicz

    Ай бұрын

    I noticed that too lol

  • @JohnSimonHQ
    @JohnSimonHQ4 ай бұрын

    Shoutout Steven 🙌🏼

  • @Hustlervictor
    @Hustlervictor4 ай бұрын

    Priceless value on this vid

  • @jonaswechselberger2227
    @jonaswechselberger2227Ай бұрын

    Great video!

  • @1oguidd
    @1oguidd4 ай бұрын

    Great video as always! I have a prototype I would like to take to market but I am struggling to find a manufacturer to work with. Do you have any recommendations on how to locate one?

  • @williamscsharpwalkthroughs4316
    @williamscsharpwalkthroughs43164 ай бұрын

    Really inspiring stuff here

  • @1137ahmed
    @1137ahmed4 ай бұрын

    I guess I’ll be moving out soon thanks for confirming that for me Douglas 📈📈

  • @abbydelgado
    @abbydelgado3 ай бұрын

    Im a single mom with 5 months to figure it out, so I think thats motivation enought.

  • @bene88597
    @bene885974 ай бұрын

    Could you share the website link or discord group of Jason? The Instagram Link does not work

  • @702Chap
    @702Chap4 ай бұрын

    Killin it

  • @zin5371
    @zin5371Ай бұрын

    Best video ever

  • @justinemagat29
    @justinemagat293 ай бұрын

    Inspiring

  • @KeilaMedrano-ft1fh
    @KeilaMedrano-ft1fh4 ай бұрын

    Not trying to shill, but Staxum has been my go-to lately. The potential gains are just too good to ignore!

  • @chauncollins7616
    @chauncollins76164 ай бұрын

    I designed shoes had them sent to a manufacture in Portugal then shipped back to me in the US. I was 20 at the time released them to the public and sold out 100 pairs in one week at $250. My initial investment was $4200. I did this several times partnered with athletes, rappers, etc. business went well until I got shot in my spine and had to learn how to walk again. As of current I’m still trying to revive my brand, but it’ll get there. I went to school studying web development, I was already coding using basic html and photoshop at 14 designing my first website with pictures 😅😂😂😂, however that wasn’t where my heart was. I left took a chance and made money following my passion. So I say all that to say…….I agree with the guy in the video, take the risk especially if it’s heavy on your mind day in day out.

  • @rayreeves4681

    @rayreeves4681

    4 ай бұрын

    I’m assuming the web dev background came in handy in your ecom career tho yeah

  • @chauncollins7616

    @chauncollins7616

    4 ай бұрын

    @@rayreeves4681 Indeed it did. I design and code everything myself. I always try to cut out the middle man in everything. It also helped me land my first job at an agency here in DC . Ironically the companies we worked with were involved heavily in the fashion industry, so I learned a lot more while I worked. Thanks for reading!

  • @Nerdytimhieu
    @Nerdytimhieu4 ай бұрын

    Thank you man, this is so inspire video

  • @CharlieChang

    @CharlieChang

    4 ай бұрын

    Glad you liked it!

  • @jazzpote4316
    @jazzpote43164 ай бұрын

    Please always ask for profit margin. 13M/year means NOTHING if that's revenue.

  • @genuinepetpalace

    @genuinepetpalace

    3 ай бұрын

    I think it's quite the art, generating $13m though

  • @keepwondering_

    @keepwondering_

    3 ай бұрын

    In dropshipping margins are not fat, around anywhere from 10-20% regularly. Speaking from own and many others experiences doing millions

  • @Ben-kh4le

    @Ben-kh4le

    2 ай бұрын

    Anyone could generate 13 million in revenue, just buy a yacht and sell it back to owner in 5 seconds - boom, 13 million in Revenue. WOAH super successful!!!! Or sell alibaba trash like the second people, lmao not interested, have more passion that that

  • @keepwondering_

    @keepwondering_

    2 ай бұрын

    @@Ben-kh4le i guess its no ones passion to sell chinese sh*t to western customers. But to do big things, you need money. And dropshipping/ecom gives a good kickstart for that. At least thats how i see it

  • @Ben-kh4le

    @Ben-kh4le

    2 ай бұрын

    @@keepwondering_ Why are you too lazy to start your own business and ship your own products? Do you realize how easy it is to print a shipping label? That is why you want to dropship? A $30 printer is holding you back? That is insane. You are not ready for business.

  • @ComcalMinistries
    @ComcalMinistries4 ай бұрын

    Staxum's journey to Binance might be happening sooner than we think. Who's excited for this potential listing?

  • @Cheeks63091
    @Cheeks630914 ай бұрын

    Interesting! i’m looking to learn want to do this

  • @yousufisaiah

    @yousufisaiah

    4 ай бұрын

    I'm more than happy to guide you through the process of starting a successful dropshipping business. I’ll be glad to answer any questions you have.

  • @FJX716
    @FJX7164 ай бұрын

    Can you do UGC ads through Google? Also how do you find reliable suppliers from other countries?

  • @tenacity__

    @tenacity__

    4 ай бұрын

    I don’t think so.

  • @robertoprisor8083
    @robertoprisor80834 ай бұрын

    Power

  • @Austin6403
    @Austin64034 ай бұрын

    The SAUCY guy is awesome

  • @CharlieChang

    @CharlieChang

    4 ай бұрын

    He knows an insane amount about the industry and sourcing yeah haha

  • @LouiseSciara
    @LouiseSciara4 ай бұрын

    Yea, Staxum will make millionaires in the bull run.

  • @abdou2375
    @abdou2375Ай бұрын

    Do these people work on niches stores like a brand with long terms or just keep testing some random products and scale them for a couple of month then done?

  • @pikachuyay2167
    @pikachuyay2167Ай бұрын

    who's the first guy his answers were so straight forward

  • @derekw5605
    @derekw56054 ай бұрын

    Bro how.. I do marketing for a very large sport apparel brand and they’re not doing 13M in revenue

  • @MRVLLA
    @MRVLLA3 ай бұрын

    What’s his profit margins

  • @JstylesJ
    @JstylesJ23 күн бұрын

    How can I join the community?

  • @arewealone9969
    @arewealone99693 ай бұрын

    What’s the profit after all expenses.

  • @inquisitvem6723
    @inquisitvem67232 ай бұрын

    SERIOUSLY DOUBT IT

  • @sibongilemdaka6370
    @sibongilemdaka63702 ай бұрын

    Guys please help me the second guy i cant hear well what he says He saus if you dont have what then thats where he comes in ??

  • @lachyj8344
    @lachyj83444 ай бұрын

    4:45 what was that software? Acu flow? Cant find anything

  • @delta._.6456

    @delta._.6456

    4 ай бұрын

    don't trust it, probably an ad

  • @lachyj8344

    @lachyj8344

    4 ай бұрын

    @@delta._.6456 Jesus relax. I found it. Akiflow You are legally required to state if you’re paid for an ad. So no, not an ad. Thanks but my brain is perfect to capable of thinking for myself and doing my own research

  • @therealmag
    @therealmag4 ай бұрын

    Rules for 2024: 1. BUILD A MISTAKE TRACKER: you only successfully learn in life when you don't repeat the same mistakes twice :) 2. REWARD YOURSELF FOR MISTAKES AVOIDED (if its a food reward make sure its low calorie) 3. LIKE THIS COMMENT AND COME BACK TO IT ON DECEMBER 2024 AND LET ME KNOW OF YOUR PROGRESS

  • @muscleman6473
    @muscleman64734 ай бұрын

    Question: if youre selling necklaces based on BTS or other grups with copyright, how does that work? do you need the license, or can you just design necklaces based off them and them without copyright license and profit off of that?

  • @tinglee8

    @tinglee8

    3 ай бұрын

    Legally, you probably cannot.

  • @muscleman6473

    @muscleman6473

    3 ай бұрын

    @@tinglee8so these guys are essentially doing it illegally?

  • @StevenGuo

    @StevenGuo

    13 күн бұрын

    We do not use any logos or intellectual property of the groups. Our pieces are inspired by K-pop and marketed towards kpop fans. If we marketed to another audience, they’d have no idea our merch is even remotely related to any band groups

  • @cagamer4161
    @cagamer41614 ай бұрын

    Can be screen shot lol 😂

  • @AndrewDropshipping
    @AndrewDropshipping4 ай бұрын

    douglass is very good looking

  • @chriswe67
    @chriswe674 ай бұрын

    What’s the profit?

  • @EdwardChun24
    @EdwardChun244 ай бұрын

    Revenue? We want to hear net profit. Revenue means nothing

  • @iamb2348
    @iamb23482 ай бұрын

    Notice how these clowns never actually link their sites or products. They also never talk about actual profit vs revenue.

  • @abdou2375
    @abdou2375Ай бұрын

    I think these people have inventories right now right? Cause dropshipping is just like a way to start

  • @carlsong5182
    @carlsong51823 ай бұрын

    What are your online store websites and brands? Let get some of your products

  • @TheCEOTre
    @TheCEOTre4 ай бұрын

    TRUONGYYYY MY BOY

  • @myviberoom
    @myviberoomАй бұрын

    HOPES

  • @samuelnemetsky4088
    @samuelnemetsky40882 ай бұрын

    I can’t stand dropshipping videos that don’t tell you what product they are selling.

  • @Hajjat

    @Hajjat

    18 күн бұрын

    This

  • @maloneeee1915

    @maloneeee1915

    13 күн бұрын

    it’s bad for buisness

  • @ilovecarnitas
    @ilovecarnitas4 ай бұрын

    so dropshipping is electronic buying from one and selling to another?

  • @rayfinkle9369

    @rayfinkle9369

    4 ай бұрын

    Dropshipping is basically you being a middle man. You find a supplier somewhere, then you set up a website with their product's pictures, try to get people on facebook or wherever to buy them on your store, then when they do, you tell the supplier to send it to the customer and you keep the difference in cost between advertising and product costs and final sale price.

  • @lilili101

    @lilili101

    3 ай бұрын

    Don't drop shippers customize their packaging?

  • @jasn010
    @jasn0104 ай бұрын

    Keep in mind, it’s 13mil revenue. Not profit

  • @gadgetboyplaysmc
    @gadgetboyplaysmc4 ай бұрын

    Where do you find these people @Charlie?

  • @CharlieChang

    @CharlieChang

    4 ай бұрын

    Friends, friends of friends, and IG mostly!

  • @skyking9248
    @skyking92484 ай бұрын

    13m in profit means nothing if you don’t show how much you earned after expenses probably made $1-2 mil tops after expenses pre tax Id like that to be much more transparent

  • @amused890
    @amused8904 ай бұрын

    1:46 that's when my phone fell. I am starting drop shipping from the next month. Idc about failure or success. Lemme give it a shot

  • @abbasmub
    @abbasmub2 ай бұрын

    If in dropshipping do not use Auto DS

  • @slashmaru
    @slashmaru4 ай бұрын

    They talk about revenues but what is the actual profit margin? After COGS

  • @cosmeticscameo8277

    @cosmeticscameo8277

    4 ай бұрын

    average profit margin of drop shippers are 15-20% so let's say you do 12 million a year in sales which is pretty crazy since you need at least that much capital /cashflow to keep doing the business. their profit would be 2.40 million a year. now i was just referring to the profit they make per sale. i don't know how much they pay in taxes and some kind of overhead like that couple with the warehouse rent. then they have to spend money on ads, pay for liability insurance, and expect some kind of returns. dropshippers are expected to spend $5-10.00 a day on ads. ecommerce return rate is 20-30 percent on average. assuming this dropshipper is taxed at the same rate as earned income like a salary than after taxes that $2.40 million becomes 1,172,140 in take home. so you see how fast that $12 million dollar sales becomes 10% take home pay basically. assuming everything goes right.

  • @YassaminaChafai
    @YassaminaChafaiАй бұрын

    How we can talk to Jason we are a company from UAE and we will would to connect with him

  • @CharlieChang

    @CharlieChang

    Ай бұрын

    His company is called Saucy!

  • @tiffanywei730
    @tiffanywei7304 ай бұрын

    I thought it is illegal to sell BTS kpop items due to copyrights, unless they have the permission to do so.

  • @yancyhammondjr
    @yancyhammondjr4 ай бұрын

    Douglas please help me scale my store

  • @robertreed8931
    @robertreed89314 ай бұрын

    A lot of videos about drop shipping are on KZread half the videos talk about no money to get started. Then the other videos like this the Guy said he used a few thousand to get started. So I don’t understand. Is drop shipping about making a video to get views. No body on KZread has a video with a step by step to get started. It’s this rambling on and on and advertising. And how great and easy it is and how Much money they make

  • @cosmeticscameo8277

    @cosmeticscameo8277

    4 ай бұрын

    reason you won't see a true step by step guide is because then you will be in direct competition with them. but the basic premise is you need a product that people want, get it out there as much as possible, make sales/fulfill the sale. so the key is product and to get people to find your product.

  • @andrespacheco151
    @andrespacheco1514 ай бұрын

    i want to learn to do that im mexican

  • @yousufisaiah

    @yousufisaiah

    4 ай бұрын

    I'm here to help you achieve your dropshipping goals! Let's work together to make your dreams a success

  • @Wheelztotheworld
    @Wheelztotheworld4 ай бұрын

  • @fromcarms
    @fromcarms4 ай бұрын

    whats his socials or youtube?

  • @andrewhoang8611

    @andrewhoang8611

    4 ай бұрын

    Who? Can’t u see that there are few ppl in the video??

  • @fromcarms

    @fromcarms

    4 ай бұрын

    @@andrewhoang8611 already followed ♡

  • @user-kc2bm9ge4h
    @user-kc2bm9ge4h2 ай бұрын

    1:51 it is not his second store. first store's 2022 year results. he is lying

  • @stefan1669
    @stefan1669Ай бұрын

    🧢

  • @unnecessary982
    @unnecessary9824 ай бұрын

    what is he selling

  • @wongthong7

    @wongthong7

    4 ай бұрын

    If they tell you, they would be out of business

  • @andrewhoang8611

    @andrewhoang8611

    4 ай бұрын

    Who are u talking about?

  • @wongthong7

    @wongthong7

    4 ай бұрын

    @@andrewhoang8611 The person wants to know what products they’re selling online

  • @Kumile1
    @Kumile116 күн бұрын

    Hey Charlie I have chance to get Motorcycle and it costs $260. but i can't afford it please help me to get this chance it is my biggest dream to drive motorcycle. am 19 from Ethiopia help me to live my dream

  • @justsurfingtheinternet
    @justsurfingtheinternet4 ай бұрын

    Make 13m selling the course right?

  • @CharlieChang

    @CharlieChang

    4 ай бұрын

    He doesn't sell any courses

  • @vicchris3943
    @vicchris39434 ай бұрын

    Don't believe still

  • @johnnyhenderson7486

    @johnnyhenderson7486

    4 ай бұрын

    It's right there Bud!! The frigging world is right there!!! Don't be blind and maybe you'll have a taste of it too.

  • @Michaelly888

    @Michaelly888

    4 ай бұрын

    not that glorious but still very real. billions of dollars in circulation every day u just have to take a small piece of it

  • @chriswe67
    @chriswe674 ай бұрын

    No one care about revenue

  • @Thatbullhim

    @Thatbullhim

    4 ай бұрын

    It clear they are low margins

  • @KadenBrown-uk8sc
    @KadenBrown-uk8sc2 ай бұрын

    Made it to asian youtube

  • @wildNatureboy
    @wildNatureboy4 ай бұрын

    Do I have the chance to be seen by you? Please, I need this help to live

  • @wildNatureboy

    @wildNatureboy

    4 ай бұрын

    guys plz plz plz

  • @deesaku
    @deesaku4 ай бұрын

    “This is a bit of a baby” shows $500,000

  • @UniqueHo

    @UniqueHo

    4 ай бұрын

    😂😂😂

  • @evelynwilliams652
    @evelynwilliams652Ай бұрын

    These people create no value. They are just siphoning off money and passing it on the consumer. What a joke.

  • @graphixbyangel
    @graphixbyangel3 ай бұрын

    why you only interviewed Asians

  • @PeytonHelmProductions
    @PeytonHelmProductionsАй бұрын

    Did he mention profit? $13M is flashy but if he only made $500k from it that’s unimpressive baby money.

  • @EmmanuelBastien

    @EmmanuelBastien

    14 күн бұрын

    500k annually is baby money?

  • @ryanschultz1658

    @ryanschultz1658

    4 күн бұрын

    Go make $500k in a year net and then talk lol. 3% net margin seems slim even at that scale. I imagine he’s sitting 5-6% at 13M annual rev with acquired lower MOQ and USA fulfillment. I imagine high returning customer rate (cheaper CPP indirectly increases ROAS efforts), he clearly has a brand if he’s at that scale versus some one time purchase dropship approach.

  • @night9947
    @night99474 ай бұрын

    Ad video I dont belive

  • @RhythmKicks-ls5rj
    @RhythmKicks-ls5rj3 ай бұрын

    Fake

  • @WatcherofHumanity
    @WatcherofHumanity4 ай бұрын

    why did i sub lol

  • @FutaCockWorshipper
    @FutaCockWorshipper3 ай бұрын

    $13,000,000/yr is crazy after only 2 years damn But you gotta give props for him keeping on going through loss after loss down 14k

  • @user-rc7nj2tw9p
    @user-rc7nj2tw9p2 ай бұрын

    Notice they are all people thst CANT SEE???

  • @user-rc7nj2tw9p
    @user-rc7nj2tw9p2 ай бұрын

    You people have Widescreen vision

  • @user-rc7nj2tw9p
    @user-rc7nj2tw9p2 ай бұрын

    OPEN YOUR EYES, OR GET SOME SLEEP

  • @LatoyaPayton
    @LatoyaPayton4 ай бұрын

    Staxum's journey to Binance might be happening sooner than we think. Who's excited for this potential listing?

  • @user-le4qp2ck7k
    @user-le4qp2ck7kАй бұрын

  • @AllFanboiZmustDie
    @AllFanboiZmustDie4 ай бұрын

    Not trying to shill, but Staxum has been my go-to lately. The potential gains are just too good to ignore!