Can Dropshipping Make As Much Money As Forex Trading?
Can Drop Shipping Make As Much Money As Forex Trading?
The problem with this mind set is weather or not you can make more money drop shipping or with forex is. It’s a debate that’s being discussed online and offline. A lot of people think that drop shipping makes more money because of its convenience. And the argument follows from there, ending with what’s better for the customer, drop shipping or forex trading?
Both businesses are profitable in their own right, but they require different skillsets in order to get the most out of them.
Drop shipping is a business model of which you are selling someone’s product with a mark up and you pocket the difference. It’s a higher risk model to start because you’re putting your own capital at risk without any compensation for the first two to three months. You’re also responsible for the inventory.
You have more control with drop shipping because you can sell more products and services than forex, however, it’s not as passive. It requires daily attention and time management skills in order to maintain the selling of products that are generating revenue.
The problem with drop shipping is, if you don’t watch out for your inventory, you might lose it and this could lead to an unpaid negative balance if the products you’re selling are expensive. Selling socks is a good example of a product that requires more attention than it should.
Forex trading is the most well known business model available because of its simplicity and the liquidity of the foreign exchange market. It’s also effective and powerful because it makes money in more ways than one.
You must learn either of these really to make good money, and that is what no one is telling you. I have been an active trader for 15 years. And yes there was more than one time I thought of hanging it up. Trust me it does get frustrating. But if you search this blog it will be in here the truth on trading and how you should train your eyes to trade.
The facts that you are searching for this question already tells me what you are thinking, that either is fast money. The truth is Neither are. You seen some young kid on YouTube bragging about how much he has made in either forex or drop shipping and you can as well as long as you buy the course. Of which I will hit you with some facts, 96% of all courses bought the people never make money.
The people that sell courses are modern day snake oil salesman and nothing more. I get on YouTube and just laugh at these guys and how they trade and i can see they do not know what they are talking about.
Truth is over the last 15 years I have seen a ton of these guys come and go in this industry. And that gives both industries a bad name. I have been asked many times to teach folks, was even offered 10k to teach someone, but I refused to do it. I have the secret you are looking for in this blog, the right way to trade for only those that can see.
The fact that you are searching for this tells me you want to make fast money, and I am afraid in either one you could fall short my friend. The real question is what gets you excited? Do you have a passion for charts and the markets? Then Forex is for you.
Do you get excited when a product you are selling does fix a problem for someone? then ecommerce is for you.
Neither will be fast money, and both do require you to understand what you need to do to get ahead. I hope this article has helped in your journey.
David Is A Sixteen Year Veteran In The Forex World. He Gives His Advice On What Works And What Does Not.