What's up guys, Trevor here with eCommerce Paradise. And today I'd like to talk to you about what is the best business structure for high ticket dropshipping. So if you're new to the channel, definitely get my free niches list and mini course for high ticket dropshipping at ecommerceparadise.com/niches.

As far as business structures go, an LLC is always gonna be the best business structure for a small business. It's limited liability company and it is a limited protection entity. So basically if you put all your business transactions actions underneath this business and you get sued and you go bankrupt because of that. They can't take your house. They can't take things that are outside of that business. So that's the main thing. It's protection. Okay. And it's very affordable to get an LLC these days. I recommend filing for an LLC in Wyoming because of the privacy protection and low costs. Also no income tax, no franchise fees.

Wyoming is one of the best places to file an LLC for an online business. So I recommend using a company called Bizzee, one that I use, B-I-Z-E-E. You can go check it out, ecommerceparadise.com/Bizzee, and you'll be helping me and my channel if you use that referral link. You'll also get a discount. They offer LLC formation services as well as EIN formation service as an add-on, which makes it really easy for you as well. But that's basically the starting point.

And if you live in a state like California, for instance, where they have high income tax and they have a high franchise fee and it costs money to file an LLC and all that stuff. It might look like filing LLC out of state is a good idea, but it's not going to really help because you're still gonna have to put that money into. The state of California, you're still gonna have to report that income. And so what you need to think about is whether it's worth it or not.

Now if you want to become a digital nomad and travel the world, the best way to do that is to go move your personal residence to an easy to form in low income tax state like South Dakota first, and then go travel the world. And then you can form in Wyoming, you'll have zero income tax statewide. If you stay out of the states for 11 out of 12 months, you'll have zero federal tax up to $100,000. All you have to pay is Social Security and Medicare, which is like 15%. Pretty well set on paying taxes at that point.

But getting back to the point, if it's your first business and you don't have that much money to spend on forming an LLC and all that stuff, and you just want to do a sole proprietorship, that's pretty much fine. Just keep in mind, if you have any assets to protect, an LLC is always going to be better for you.

When I first started, I formed a sole proprietorship and I also formed a partnership with somebody else as well. And as a partner, you could become an LLP, but that's usually more common in law offices. With an LLC, you can have multiple members. So usually if you have a partner, you would still just form an LLC and split things 50-50 or however you want to do it. Maybe if it's a silent partner, you'll do things like 80-20 or something like that.

But you definitely want to think about the long run and forming a business that's going to be profitable for you later on down the road, especially for an exit. And it's going to protect your liability as well. You don't want to be left out in the open. But when you first get started, you have nothing to lose and you just want to get started. Sole proprietorship is great to go with because you're going to be able to get started right away with a very low upfront investment. And to form a sole proprietorship, all you really need is an EIN number and you can take that to the bank and start a bank account.

Okay. So they don't require you to have an LLC. They just require you to have an EIN number so you'll pay your taxes. All right. So again, LLCs are good for people who have liabilities, assets to protect. And sole proprietorships and partnerships that don't have limited liability protection are fine for people that don't have anything to protect. Just wanna get started right away with as little as possible. And EIN is an employer identification number. It's given to you by the IRS, the Internal Revenue Service. You go to the IRS website or just type on the line, apply for EIN and it's free. You can just fill out the form and send it in. And that's how you get your business started.

So just think about that, guys. Definitely do the right thing for you for the future. If you like this video, definitely hit the like button and subscribe and leave comments below if you have any questions. I'll see you guys out there.

Hey guys, Trevor here with eCommerce Paradise. Today, I want to teach you how to market your small high-ticket dropshipping business on a small budget. If it’s your first time listening, definitely get my free niches list and mini course on how to take your dropshipping business to the next level with Google Ads and more. Check it out at eCommerceParadise.com/niches.

First, you need to learn how to use Google Ads effectively. Target specific long-tail keywords related to your products. Understand the sales funnel and create content for the top, middle, and bottom stages of the funnel to attract targeted traffic. For top-of-the-funnel traffic, create collection pages, buying guides, and blog posts. For middle and bottom stages, focus on brand and product-specific keywords using Google Shopping ads.

Optimize your Google Shopping ads with a three-tier funnel system. Use separate campaigns for generic, brand, and product traffic. Create negative keyword lists and adjust bids to ensure high visibility for important search terms. For more detailed guidance, sign up for my masterclass at ecommerceparadise.com/masterclass.

Focus on high-profit products to ensure profitability. Avoid low-margin products and use custom labels to identify high-margin items. Optimize your ad bids for these products to maximize visibility and sales. Remember, the key to success is targeting the right keywords and products that convert quickly and profitably.

For additional information, private coaching, and done-for-you services, visit ecommerceparadise.com. If you found this video helpful, hit the like button and subscribe. See you in the next one!

Hey guys, Trevor here with eCommerce Paradise. In today's episode, we're diving deep into how to validate your niche for high ticket dropshipping to ensure profitability and success.

If you're new here, don't forget to grab my free niches list and mini-course at ecommerceparadise.com/niches.

We'll cover the three crucial aspects of niche validation:

• Competition: Learn how to identify and analyze existing competitors to ensure there's a profitable market.
• Supply: Discover how to find enough suppliers to sustain a full-time income.
• Demand: Understand how to use tools like KW Finder to gauge keyword search volume and ensure sufficient market demand.

By the end of this episode, you'll have a clear strategy to select a profitable niche for your high ticket dropshipping business. For more in-depth training, check out my High Ticket Dropshipping Masterclass or our Turnkey Done For You Service.

Thanks for watching, and be sure to subscribe and share this video with your friends!

Welcome to eCommerce Paradise! In today's episode, Trevor provides an in-depth guide on how to start your high-ticket dropshipping store with minimal upfront investment. Whether you have limited funds or are just starting, Trevor's step-by-step approach will help you get your business off the ground.

First, learn why forming an LLC in Wyoming is a smart move for privacy and tax benefits. Trevor also shares tips on setting up a business checking account and obtaining business credit cards with high limits, crucial for managing cash flow in dropshipping.

Dive into the specifics of using credit cards strategically to maximize rewards and points, which can be converted into luxury travel experiences. From securing the best business credit cards to managing finances with a bookkeeping spreadsheet, Trevor covers it all.

Discover the importance of SEO, Google Ads, and how to maintain a balance between high revenue and low margins. Trevor also emphasizes the need to reinvest profits wisely and save for taxes and unexpected expenses.

Finally, explore long-term strategies like selling your business for a profit and the benefits of hiring a virtual assistant to streamline operations. For those who prefer a hands-off approach, Trevor introduces his turnkey high-ticket dropshipping done-for-you program.

Join Trevor in this comprehensive episode and take the first step towards building a successful, location-independent dropshipping business. For more resources, visit ecommerceparadise.com.

Welcome to the Ecommerce Paradise channel! In this episode, we dive into the journey of overcoming obstacles and achieving success in high-ticket dropshipping. From humble beginnings working in a Los Angeles warehouse to becoming a thriving entrepreneur, I share my personal story and the pivotal moments that led to my success.

Discover how the law of attraction played a crucial role, the importance of taking action despite fears, and the lessons learned from initial failures. I also provide practical advice on identifying the right niche, managing financial and time constraints, and leveraging resources to grow your business.

Join me as I unveil strategies, tools, and resources that can help you break free from what's holding you back and embark on your own path to ecommerce success. Don't miss the exclusive offers at the end, including a free niches list, mini course, and more!

Are you looking to build an online business that provides a location-independent income, allowing you to travel the world and live a lifestyle free from the nine-to-five grind? Join Trevor Fenner as he introduces you to high-ticket dropshipping, a business model designed to create a sustainable and lucrative income.

In this episode, Trevor explains why high-ticket dropshipping outperforms traditional dropshipping by focusing on selling expensive products with higher profit margins. He breaks down the financial benefits and the realistic sales targets needed to achieve a sustainable income, making it a viable option for both side hustles and full-time businesses.

Trevor also shares his personal journey from starting with bicycle sales to scaling his business to millions in sales. He discusses the essential skills needed to succeed, including managing cash flow, negotiating with suppliers, and mastering digital marketing techniques.

Learn about the challenges and rewards of high-ticket dropshipping, and discover how you can start and scale your own business. Trevor offers insights into his comprehensive masterclass and other resources to help you on your journey to financial freedom.

For more information, visit ecommerceparadise.com and explore the valuable resources available to kickstart your high-ticket dropshipping business.

In this episode, we dive deep into the world of online entrepreneurship, exploring the myriad challenges and opportunities it presents. Our conversation covers everything from the pitfalls of e-commerce scams to the ever-evolving landscape of high-ticket dropshipping.

We discuss the recent changes in Google Merchant Center policies and how they impact new sellers, as well as the importance of having a resilient mindset in the face of business uncertainties. Our guest shares his experience with various business models, including FBA and digital courses, and emphasizes the significance of personal branding in today's digital economy.

We also touch on the fascinating advancements in AI and robotics, pondering their potential impact on future entrepreneurship. Additionally, we explore the world of travel hacking, offering tips on how to leverage credit card points for free business class flights, and the importance of using credit responsibly.

Join us for an insightful discussion packed with practical advice and real-life experiences that will inspire and guide you on your entrepreneurial journey.

In this episode, we sit down with Brian Harmon, a dedicated biker and successful drop shipper. Brian shares his inspiring story of how he transitioned from street racing to running a thriving e-commerce business. As one of Trevor's high-ticket drop shipping master class students, Brian followed the course instructions meticulously and quickly found himself managing his first real business.

Brian talks about his initial interest in e-commerce, sparked by a friend's invitation to travel. This new passion led him to discover drop shipping as a way to fund his adventures. He also discusses the importance of saving for taxes, managing business finances, and the value of hiring virtual assistants (VAs) to scale his business effectively.

We delve into the lessons Brian learned along the way, including the biggest mistakes and wins, and how he balances running his business while working a full-time job. He also shares his future plans, including venturing into land flipping and the challenges associated with it.

Brian's journey is a testament to the power of determination and following a structured plan. Whether you're an aspiring entrepreneur or an established business owner, this episode is packed with valuable insights and practical advice.

For more information and to connect with Brian, follow him on Instagram at fxdbrian85.