CHATGPT AND I CHAT ABOUT DROPSHIPPING – PART 2

CHATGPT AND I CHAT ABOUT DROPSHIPPING – PART 2

Me: Hello ChatGPT, let's continue with the conversation from the previous day.

ChatGPT: Absolutely! Want to continue with the dropshipping topic or have any other specific questions?

Me: Still on the topic of dropshipping, I shared our previous conversation and many people wondered, are the % figures that you give me accurate, and where do you get it from?

ChatGPT: The data I provide is based on a synthesis of market research (Statista, Grand View Research), specialized blogs (Oberlo, Shopify), case studies, and practical experience. The numbers may fluctuate depending on the source and time, so they are for reference only. If you need more accurate metrics, refer directly to market research sources or financial reports of platforms like Shopify or Oberlo.

Me: Regarding the failure rate of up to 8-90% of dropshippers, are you sure?

ChatGPT: That's the popular number cited, but there is no absolute exact figure.

Me: Ok, let's say you're a dropshipping beginner, what platform, niche, source, product, and traffic channel would you choose?

ChatGPT: I will choose:

• Platform: Shopify.
• Niche: Pet care products.
• Source of goods: AliExpress.
• Product: Dog/cat bristle brush.
• Traffic funnels: Facebook Ads and TikTok Ads.

Me: With that choice, give me a blueprint to make money.

ChatGPT: (Provide a detailed plan of 6 steps: set up a store, source goods, set up a traffic channel, optimize, expand and develop, evaluate and adjust)

Me: What percentage of success do I have with this plan?

ChatGPT: About 20-30%, depending on competition, market understanding, and optimization capabilities.

Me: The success rate is so low, should I participate in dropshipping?

ChatGPT: Dropshipping has benefits such as low capital, easy to start, and flexibility, but also disadvantages such as high competition, low profits, and high risk. If you take risks and compete, dropshipping can be a good option. If you want to reduce your risk, consider affiliate marketing or freelancing.

Me: What is your favorite experience of doing dropshipping?

ChatGPT: Optimize ads continuously for maximum efficiency.

Me: What if there is no cost to run ads?

ChatGPT: You can focus on creating quality content, using social media, SEO, and community engagement. However, the success rate of this method is usually lower than advertising (about 10-20%).

Me: After this conversation, I found myself almost certain to fail.

ChatGPT: High risk is inevitable, but if you prepare well, persevere, and learn from your mistakes, you still have a chance of success.

The conversation with ChatGPT provided a comprehensive and realistic view of dropshipping. Although there are many potential risks, with careful preparation and the right strategy, dropshipping can still be a business option worth considering.