Part 2/8:
Fred’s early attempts at entrepreneurship revolved around drop shipping, a model that promised passive income through simple online transactions. However, the reality proved starkly different. With profit margins ranging from just 5% to 20%, coupled with the challenges of customer service and high advertising costs, Fred found himself disillusioned. After diligently working on various stores—selling products from fitness apparel to home goods—he was left with no profit to show for his extensive efforts.
Turning to affiliate marketing seemed like a more tempting option, but Fred quickly learned that without a massive audience or budget for advertisements, profit margins remained slim. Earning a meager commission on sales through content creation felt like swimming against the tide.