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A 19-year-old has earned $1.2million in five months by selling car phone holders online.
Josh Brown, MAKE MONEY DROP SHIPPING from Auckland, started up his dropshipping business last year while studying at Auckland University of Technology.
Dropshipping is when a company sells products without ever keeping them in stock.
Josh Brown (pictured), from Auckland, started up his dropshipping business last year while studying at Auckland University of Technology
When an order is placed, the company buys the product from a manufacturer at wholesale price and has it shipped directly to the customer.
This means the dropshipping company makes a profit on the sale without ever touching the product.
Brown created several websites that dropshipped different products - but lost $15,000 in his first four months.
Then in August last year he created a website called Ezymounts and started selling car phone holders.
Within a week he had $7,000 worth of orders and within a month had generated $50,000 in revenue.
He dropped out of university so he could focus on his business and by the end of 2018 he said he had revenue of $1.2million.
Most of Brown's customers are in the US and Canada and his manufacturers are in China.
Dropshipping is when a company sells products without ever keeping them in stock. When an order is placed, the company buys the product from a manufacturer at wholesale price and has it shipped directly to the customer. This means the dropshipping company makes a profit on the sale without touching the product
The teenager has been to Beijing and Ningbo for meetings with wholesalers and is now planning to expand to sell other products.
Dropshopping is an attractive industry because it requires very little capital to get started - you can begin with a laptop in your bedroom.
Brown told Daily Mail Australia that he started his business without any help from his parents or investment.
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He said: 'I have had absolutely no funding from anyone, all the startup costs were gained from part time jobs while studying.
'I believe this will also show people that it is possible to achieve something like this at this age without any financial backing.'
Last year, Daily Mail Australia reported on another teenage university dropout who is making $170,000 a year from dropshipping.
Andy Mai, 19, from western Sydney sells baby products from the comfort of his bedroom.
Josh Brown, MAKE MONEY DROP SHIPPING from Auckland, started up his dropshipping business last year while studying at Auckland University of Technology. Dropshipping is when a company sells products without ever keeping them in stock.
Josh Brown (pictured), from Auckland, started up his dropshipping business last year while studying at Auckland University of Technology
When an order is placed, the company buys the product from a manufacturer at wholesale price and has it shipped directly to the customer.
This means the dropshipping company makes a profit on the sale without ever touching the product.
Brown created several websites that dropshipped different products - but lost $15,000 in his first four months.
Then in August last year he created a website called Ezymounts and started selling car phone holders.
Within a week he had $7,000 worth of orders and within a month had generated $50,000 in revenue.
He dropped out of university so he could focus on his business and by the end of 2018 he said he had revenue of $1.2million.
Most of Brown's customers are in the US and Canada and his manufacturers are in China.
Dropshipping is when a company sells products without ever keeping them in stock. When an order is placed, the company buys the product from a manufacturer at wholesale price and has it shipped directly to the customer. This means the dropshipping company makes a profit on the sale without touching the product
The teenager has been to Beijing and Ningbo for meetings with wholesalers and is now planning to expand to sell other products.
Dropshopping is an attractive industry because it requires very little capital to get started - you can begin with a laptop in your bedroom.
Brown told Daily Mail Australia that he started his business without any help from his parents or investment.
RELATED ARTICLES
Previous
1
Next
New Zealand joins growing list of countries which have... Soon-to-be father, 26, with a 'heart of gold' is shot dead...
Share this article
Share
He said: 'I have had absolutely no funding from anyone, all the startup costs were gained from part time jobs while studying.
'I believe this will also show people that it is possible to achieve something like this at this age without any financial backing.'
Last year, Daily Mail Australia reported on another teenage university dropout who is making $170,000 a year from dropshipping.
Andy Mai, 19, from western Sydney sells baby products from the comfort of his bedroom.
