Interview: “Keep reinvesting into the business, don’t waste all profit on lifestyle.”

Marko

What’s your name?

Alex Fedotoff

What’s your store/company’s name?

Ecommerce Scaling Secrets

Game changer was being surrounded by other successful people and sharing insights/ what works with each other. We are building ccom portfolio and partnering up with our clients and will get it to $1 billion valuation

Sharing Success Stories with Alex Fedotoff

Disclaimer: all the success stories published on our blog are the results of written interviews. Even though the editors may make some minor changes to the grammar, spelling, and/or punctuation, the respondents’ writing styles, views, opinions, stores screenshots and personal photos are left unchanged.

The Dropshipping.com Team

What’s the website?

www.ecommercescalingsecrets.com

What’s your email?

alex@ecommercescalingsecrets.com

Describe your business/service in a few words:

We help eCommerce entrepreneurs to scale their business from 6 to 7-8 figures.

Describe your e-commerce journey. How did you enter the space?

Started in 2017 by working with ecom entrepreneurs as a freelancer. broke kid from Ukraine trying to figure out the skills I could bring to the market. FB ads/ ecommerce is what I decided to focus on. Realized I can sell my own products with dropshipping model and started testing. Scaled one of the first stores to $4 mil in rev with 25% profit and was able to sell it for $1 mil. cash. eCommerce hanged my life 🙂 After this entrepreneurs started asking how I did so I started sharing my experience and created mentorship program for intermediate / advanced ecom entrepreneurs, eCommerce Scaling Secrets. We are also running portfolio of our eCommerce brands and sharing what’s working with clients

How your business is helping the e-commerce owners?

By mentoring/ advising and connecting them with the right opportunities. Cutting edge training and networking with other successful 7-8 fig eCom entrepreneurs

What is the most significant challenge dropshippers are facing today?

Not a sustainable business model, they focus on short terms solutions and NOT building brands. Too short term focused. That’s why they facing bans on FB, Shopify payment holds and Paypal holds

What was the game changer to enter dropshipping or e-commerce business as a service provider? What are your future plans?

Game changer was being surrounded by other successful people and sharing insights/ what works with each other. We are building e-com portfolio and partnering up with our clients and will get it to $1 billion valuation

What’s your best advice for both dropshipping beginners and experienced e-commerce owners?

Keep reinvesting into the business, don’t waste all profit on lifestyle. So that in 3-5 years you have a business you can sell and set yourself- your family for life. Surround yourself with other high performers so you have high standards and always pushing for more.