Franklin Hatchett's eCom Elites program is one of the most affordable and comprehensive dropshipping courses out there and was updated in 2019. In 7 of the 10 training modules inside the course, Franklin shows you several methods that will help you generate traffic towards for your Shopify ecommerce store.
In this eCom Elites review, we're going to look at who Franklin Hatchett is and everything you learn in this course including how to leverage chatbot marketing in your dropshipping business. I'll answer some of the more common asked questions people have when it comes to dropshipping, if eCom Elites is worth it and why it's second among all dropshipping courses I've reviewed. Plus, why local lead generation might be a better opportunity to make money online in 2023 than dropshipping.
Franklin shows you real-world examples throughout the training as opposed to simply telling you what to do
Franklin has made over 7-figures in sales with dropshipping
Updated course has training on how to leverage email marketing, Instagram, and Chatbots to increase sales and scale your business
You learn the basics of business and sales
Live weekly coaching calls held by Franklin (Q&A)
Very slow and conservative approach to FB bidding in the Facebook training module
Some training videos feel long-winded and could have been condensed yet still get the point across
The income you earn with dropshipping is far from passive
Two pricing options:
eCom Elites Standard Package costs $197
eCom Elites Ultimate Package costs $297
30 day action-based money-back guarantee. You must have logged into the training at least once, have gone through at least 50% of the training, have joined the private Facebook group, and proof that you completed your store and that it's live. If not, you get no refund. This refund policy requires you to have learned something before quitting.
34+ hours of video training content (10 modules)
Private Facebook Inner Circle community for accountability and support
Franklin Hatchett created Ecom Elites in 2017 and was update in 2019
This is one of the more popular dropshipping courses available and Franklin Hatchett is one of the authorities in this business model. If you check some of the eCom Elites YouTube Reviews, you'll find that the majority are all positive reviews.
Top 5 Dropshipping Problems
1. Not Finding Profitable, Quality Products
Online businesses like dropshipping can be an excellent idea for individuals like young adults to earn passive income. However, one of the top dropshipping problems you'll face is that it takes time before you find a profitable product. This is something beginners and experts deal with on the regular. Not every product will be a winner but if you do find one, it may not be profitable for long. This requires dropshippers to constantly be on the lookout for the next trending product and get to selling it before the competition does. Also, if can be difficult to find suppliers that are manufacturing quality products. If you're going to be selling products online, you want those products to be of great quality. If not, you're going to end up having to deal with lots of refunds and angry customers which doesn't bode well for your brand.
2. Expensive Paid Ads
According to Business Insider, the cost of running ads on platforms like Meta (Facebook), Google, and TikTok is increasing each year. Apple making new ad targeting changes has contributed to this increase. Meta's CPM has increased each year by 61%, Google's CPM has increased by 75% and TikTok's CPM has increased by 185% year over year. TikTok is the newest and cheapest ad cast of the bunch, but it's rise in ad cost is exponential and not slowing down. This increase in ad cost is the result of the increase in marketers and companies running ads. The higher the competition on a platform, the more you're going to have to pay. As a new dropshipper, this can hold you back from getting started and those who have been dropshipping for some time may call it quits on the business model.
3. Having to Deal Directly with Customers
A downside of dropshipping is that you have to deal directly with customers. From taking orders to handling any customer queries, complaints, exchanges or refunds. In a perfect world, your suppliers provides you with perfect products and all of your customers are happy. In the real world, there will be issues. It can be very uncomfortable to deal with these situations. If you have thick skin and don't mind helping people, it may not affect you. But it can be an inconvenience. For this reason, many marketers prefer to do Amazon FBA.
4. Long Shipping Times
Speaking of Amazon FBA, it's shipping times are another reason people avoid dropshipping. With Amazon FBA, your customers get their products within the week. That's not the case with dropshipping. When the COVID-19 pandemic hit, shipping times from China were drastically delayed. Those effects are still felt to this day. Your best bet at having a profitable dropshipping business is not only to find a trendy, quality product, but to also find a supplier in the United States where shipping times are reduced. Your customers will love your brand for it.
5.Low Profit Margins
Dropshipping profit margins are around 10%-40%. That means if you generated $10,000, you'd only profit $1000 to $4000 at best. There is so much work and money you have to put in for minimal gains. For this reason alone, many people steer clear of the dropshipping business model.
Introduction to Franklin Hatchett
Franklin Hatchett is a famous online entrepreneur from New Zealand. He's a multimillionaire who' made his money online by dropshipping products on Shopify. Before dropshipping, Franklin started out making websites and ranking them. He would make some money off the advertisements he placed on his sites. But the money he made off of those advertisements wasn't enough to live the laptop lifestyle he always wanted.
So, Franklin tried affiliate marketing, where he earned a commission from selling other people's products. This worked great until the affiliate company closed down and he found himself right back at square one.
In 2009, he came across the dropshipping business model and, with the help of Facebook ads, he made over 7-figures in revenue. He also started a software company that generated over $300K and created the Online Dimes free resource blog. Franklin then created the eCom Elites dropshipping course to teach people how to get started with their own Shopify dropshipping store and scale.
The Franklin Hatchett YouTube channel has over 560K subscribers who benefit from the videos Franklin posts every week. All his videos are about the many ways you can make money online, and of course, there are plenty of videos about dropshipping.
Franklin Hatchett Net Worth
Franklin Hatchett has an estimated net worth between $1 million and $5 million.
eCom Elites Course Breakdown
The course kicks off with an eCom Elites Members Welcome Video, presented by Franklin Hatchett him. He summarizes who he is, where he comes from, and how eCom Elites differs from other dropshipping courses.
Module 00 - eCom Introduction
Franklin starts with a bold statement: “Welcome to the best dang money-making course online."
Franklin clarifies that this course is for people who are just starting out on their e-commerce journey. Therefore, more seasoned dropshippers might find a lot of the content irrelevant or basic to them.
Franklin tells you not to have unrealistic expectations, such as becoming a millionaire soon.