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How to Make $1,000,000 Dropshipping this Year

Updated: Jan 16

Last year my dropshipping business came just short of hitting hit 1 Million in Revenue. There were a lot of specific changes to the dropshipping landscape in 2022…that caused this.

In this article, we’re going cover how you can make $1 million drop shipping this year.

To achieve a goal like this, you need a detailed plan. You can’t just have a tentative plan like “test a bunch of products and hope one eventually hits that I’ll be able to scale.” You’ll struggle to achieve any real results with a broad plan like that b/c it’s not specific enough.

Of course, it’s impossible to predict the results you’ll be able to get a year out from now. A lot can change in a year. But with a detailed plan, it’ll be MUCH easier for you to make slight adjustments along the way.

If you don’t have one yet, that’s fine. I’m going to give you mine..,and exactly how I plan to do these numbers this year. You can feel free to model this plan…or use it as inspiration to develop your own.

This is based on last year’s ACTUAL performance and my projected numbers for this year. Also, if you’re unfamiliar with any of these dropshipping business models, there’s free playlists detailing everything you need to know on my YouTube Channel Here.

So, this year I’m expecting about 10% of that million to come from Poshmark Dropshipping. On poshmark I’ve been averaging about 20% margins.

I do mark my prices up significantly higher on poshmark…but there are also higher seller fees on this platform too.

10% of 1 million is $100,000….and with 20% margins that will leave me with about $20,000 in profit. …or about $1,667 per month…or $55+ per day

These numbers should be relatively easy to hit…and I’ve been doing them pretty consistently for about a year now already.