A non-tech one that was consistently pushed for a very long time and made a huge re-debut on tiktok (when it was popularized in the US) was dropshipping.
Just like you said, some people definitely got richer; Shopify, Amazon, and Alibaba to name some. Companies that built tools around dropshipping profited as well. The big names people throw around for why the idea is totally going to make them rich, those people got richer too.
Everyone else was slapped in the face with the reality that a lot of the big numbers they were fooled by were revenue, and just made someone who doesn't even dropship anymore $349 richer.
I remember watching an exposé of one guy in particular (I honestly can’t remember his name — it’s been years). He couldn’t prove that he had ever successfully dropshipped anything at all, yet he had raked in hundreds of thousands of $ via courses teaching folks how to dropship. Hilarious. I couldn’t tell if he was just a genius or if everyone paying for his courses were idiots . . .
I dunno dropshipping makes a lot of sense to me. Importing products from some cheap country and slapping your brand on it is what a lot of companies do quite successfully. I would rather categorize it with restaurants: Clearly and obviously a viable business model. But many fail.
Yup. I’m very familiar with the dropshipping shenanigans.
Let’s just say I have some family members who were 1,000% convinced they’d be multimillionaires from that and are now back working their working-class jobs, mortgage and all, no millions . . .
Just like you said, some people definitely got richer; Shopify, Amazon, and Alibaba to name some. Companies that built tools around dropshipping profited as well. The big names people throw around for why the idea is totally going to make them rich, those people got richer too.
Everyone else was slapped in the face with the reality that a lot of the big numbers they were fooled by were revenue, and just made someone who doesn't even dropship anymore $349 richer.