Today we’ll be discussing Amazon FBA vs Social Media Marketing Agency (SMMA) vs Shopify Dropshipping, or dropshipping in general. Fasten your seatbelt, because this is going to be sort of a crash course on the 3 Most talked about online businesses that you can start from home. This videos going to be a little long, but by the end, you should have a clear understanding on these business models and which one works best for your personality type (AKA - which one will make you rich).
Now before we start, I know that some of these businesses have a bad rep and people think they are a scam. Let me tell you right now, ANY business can be a scam, it just depends on how you operate it. A restaurant can be a scam, look at those fancy restaurants where they serve you the tiniest portion of food.. That’s a scam bro. My point is - all the businesses I'm going to talk about are legitimate businesses, not some get rich quick scam like some scammers pitch it out to be.
If you’ve been paying attention to the entrepreneur niche on youtube, you’ll recognize these. These businesses have made people many people very wealthy in a relatively short time span. I’m talking a few years to start making six figures or more a year.
This video will have 5 parts to it:
Part 1 - Explanation of Each Business (simplified business model)
Part 2 - Pros / Advantages of Each Business
Part 3 - Cons / Disadvantages of Each Business
Part 4 - Which One Will Make You The Most Money
Before we continue, if you could do me a solid and hit the like button, I’d appreciate it. This video took me a decent amount of time to write up, film, and edit, so you hitting the like button would make it worth it for me. (For real though, this video took around 8 hours - I need to find a more efficient method to do this)
Part 1: Explain What Each Are - Will sound basic & simple, but they are much more complicated and will be explained later. The three businesses we’re going to talk about are FBA, SMMA, and Dropshipping/Shopify Dropshipping
FBA stands for “Fulfillment By Amazon” Basically, you take generic item (like BBQ Gloves), find a manufacturer, make the product better or different, buy the item in bulk, and then send it to an Amazon warehouse. They take care of shipping/handling/customer service. So you never have to touch or see any physical product yourself.
SMMA is Social Media Marketing Agency. Not to be confused with Social Media Manager, someone who posts content on businesses social media accounts for them.This is way different. This has been blown up by online gurus, the most notable being HERE IN MY GARAGE!
This is a service business where you would go to businesses, whether local or online businesses, and they pay you a service fee plus a budget to run advertisements for them on social media platforms such as Facebook and Instagram. Obviously services can be expanded to other platforms like pinterest, or google ads, but mostly when people refer to “Social Media Marketing Agency,” it has to do with Facebook Ads.
Shopify Dropshipping - These are two separate words. Dropshipping is a business model where you set up a website for a physical product, and when someone purchases one, you send them that product directly from a manufacturer, so that, similar to FBA, you never have to touch or see any product yourself. Shopify is just an extremely popular platform that gives you the tools necessary to set up your own dropshipping website.
(The rest of this description will be the pinned comment in the comments section due to YouTube's character limit.)
Thanks for watching!
Outro Song by RUSSELL
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