$250,000/Month from eCommerce? Discover How This Dropshipper Sells Ultra High Profit Products

Table of Contents

1. Introduction
2. Henrik Wald's Background in eCommerce
3. Henrik's Biggest Successes in Drop Shipping
4. Henrik's Biggest Setbacks in Drop Shipping
5. Types of Products Sold by Henrik
6. Henrik's Product Selection Criteria
7. Transitioning Away from Drop Shipping
8. Finding Suppliers for Drop Shipping
9. Importance of Shipping Times in Drop Shipping
10. Marketing Strategies for Drop Shippers
11. Tips for Drop Shippers on the Marketing Side
12. Starting with a Small Budget in Drop Shipping
13. Predictions for the Future of Drop Shipping
14. Adaptation Strategies for Drop Shippers

Henrik Wald: A Seven-Figure Drop Shipper

In the world of eCommerce, there are a few names that stand out for their incredible success. One such name is Henrik Wald, a 22-year-old drop shipper who has achieved seven-figure revenues in his businesses. In this interview, Henrik shares his journey, successes, setbacks, and insights into the world of drop shipping.

Introduction

Henrik Wald began his drop shipping journey at the young age of 16 or 17. Like many beginners in the field, he struggled to make any significant profits for the first couple of years. But in the summer of 2018, everything changed when he launched a store selling wooden sunglasses. This product was a hit, and since then, Henrik has been running multiple seven-figure stores and even started his own agency.

Henrik's Background in eCommerce

Henrik Wald's eCommerce journey started with two years of trial and error. He invested in Facebook ads without knowing how to find winning products or target the right audience. However, he persisted and finally hit a breakthrough in 2018 with the success of his wooden sunglasses store. From there, he partnered with people, worked as a consultant, and managed ads for other stores. Henrik's biggest success to date is generating around $250,000 in monthly revenue.

Henrik's Biggest Successes and Setbacks

One of Henrik's notable successes in drop shipping was the implementation of a strategy called "one country drop shipping." This strategy allowed him to target the European markets and achieve incredible results. Henrik was able to take stores from zero to $100,000 within the first month using this strategy. However, he also faced setbacks, including payment provider shutdowns and payment holds. These issues can be major obstacles in the drop shipping business and must be overcome to achieve continued success.

Types of Products Sold by Henrik

Henrik Wald has sold a wide range of products throughout his drop shipping career. He has found success in selling home products, gadgets, tools, and even beauty products. Henrik emphasizes the importance of timing the market and capitalizing on current trends. By focusing on unique and wow-factor products, he has been able to generate significant sales.

Henrik's Product Selection Criteria

When it comes to selecting products for drop shipping, Henrik follows a specific criterion. He leverages the success of products in the US market and brings them to Europe, where there is less competition. He finds winning products on AliExpress, particularly in the "More to Love" section on its homepage. Henrik also believes in the power of saturated markets rather than saturated products. By introducing proven products to new markets, he can achieve successful results.

Transitioning Away from Drop Shipping

While drop shipping can be a lucrative business model, Henrik recommends considering other options for long-term growth. He personally chose to start his own agency rather than building a big brand. The agency space was booming, and he saw an opportunity to leverage his expertise in advertising and help other eCommerce stores scale. Transitioning away from drop shipping could involve buying wholesale, working with 3PLs, or exploring other business ventures.

Finding Suppliers for Drop Shipping

Finding reliable suppliers is crucial for successful drop shipping. Henrik emphasizes the importance of fast shipping times, ideally within 5 to 12 days. He recommends using platforms like SaleHoo dropship to find pre-vetted dropship suppliers and integrate their products into your store. As drop shippers scale their business, Henrik suggests considering buying wholesale and leveraging the SaleHoo directory to find local suppliers and achieve faster shipping times.

Marketing Strategies for Drop Shippers

When it comes to marketing, Henrik advises drop shippers to focus on creating their own audience and unique content. Rather than competing with big players in broad interest categories, he suggests finding a small market and specializing in it. Henrik believes that Tick Tock is an excellent platform for organic growth and learning the algorithm to create native content. Facebook ads, on the other hand, offer more control and targeting options. Henrik has successfully scaled both platforms and recommends utilizing campaign budget optimization (CBO) for testing and vertical scaling.

Tips for Drop Shippers on the Marketing Side

Henrik's top tip for drop shippers on the marketing side is to focus on creating content for your own audience rather than competing directly with others. By thinking outside the box and offering something unique, drop shippers can differentiate themselves in a crowded market. Henrik suggests investing in tools like Jam Pages to create professional-looking stores that stand out from typical drop shipping websites.

Starting with a Small Budget in Drop Shipping

Starting with a limited budget can be challenging in drop shipping. Henrik advises aspiring drop shippers with $500 to either focus on organic strategies or save up more capital. While it is possible to make it work with a budget of $1,500, it is essential to have realistic expectations. Henrik suggests reinvesting profits from organic sales into ads and recommends having a budget of at least $1,000 for effective advertising campaigns.

Predictions for the Future of Drop Shipping

Looking ahead, Henrik believes that drop shipping and eCommerce will continue to thrive. He sees Tick Tock becoming a dominant platform for drop shipping and foresees possible changes in the role of Facebook ads. Henrik emphasizes the importance of having fast shipping times and maintaining a professional brand image. He encourages drop shippers to adapt, stay professional, and find their small market niche to succeed in the evolving landscape of drop shipping.

Adaptation Strategies for Drop Shippers

To adapt to the changing landscape of drop shipping, Henrik advises drop shippers to stay updated with changes in advertising platforms and eCommerce trends. It is crucial to stay professional, optimize shipping times, and provide a unique value proposition to customers. By focusing on building a brand and leveraging social media platforms like Tick Tock, drop shippers can stay ahead of the competition and continue to thrive in the ever-changing world of eCommerce.

Highlights

• Henrik Wald is a successful seven-figure drop shipper at the age of 22.
• He started his drop shipping journey at 16 and struggled for two years before finding success with wooden sunglasses.
• Henrik's biggest successes include generating $250,000 in monthly revenue and implementing the one country drop shipping strategy.
• Setbacks in drop shipping include payment provider shutdowns and payment holds.
• Henrik has sold various products, including home products, gadgets, and beauty items.
• His product selection criteria involve leveraging successful US products and finding saturated markets.
• Henrik recommends considering transitioning away from drop shipping, such as starting an agency or buying wholesale.
• Finding reliable suppliers and ensuring fast shipping times are crucial in drop shipping.
• Henrik advises drop shippers to focus on creating their own audience and unique content.
• Starting with a small budget in drop shipping can be challenging, but organic strategies and reinvesting profits can help.
• Henrik predicts that Tick Tock will become the primary drop shipping platform.
• Adaptation strategies for drop shippers include staying updated with changes in platforms and maintaining a professional brand image.