David from Chicago, Illinois wants to make money online. While researching, he came across BigMoneyConnection.com, a dropshipping website. However, the $50 signup fee made him concerned — even after reading good reviews. That’s why he asked me if it is a safe and legitimate business or not.
Let’s say a factory in China is selling widgets for $3 each.
A dropshipper can set up a website or a social media campaign that advertises and sells these amazing, high-quality widgets for $15 each.
The dropshipper might never even handle the widget herself. Thus, she may not know about its actual quality.
Whenever an order arrives on the website, the dropshipper purchases a $3 widget and the manufacturer then sends the product to the customer.
The dropshipper pockets the extra $12.
Fashion products account for 30% of the sales, with food and personal care (like fancy Korean cosmetics) accounting for a further 30%. Sales of electrical products make up 22%, with the remainder split between a variety of categories, including toys, furniture, and appliances.
Bottom line: I recommend staying away from these sites overall. There are too many scams, even though there’s an opportunity to make good money. You don’t want to be selling low-quality products.