From Flunking Final Exams to Multi 7 Figures in Revenue

Good Morning,

This is the New Money Talks Newsletter, the newsletter packed with entrepreneurs’ personal stories, real estate investing, financial tips, and more! All in three sections!

It’s almost as packed as Fort Lauderdale during Spring Break… but enough of that, and let's get into the email.

Don’t forget to subscribe to our YouTube Channel :)

Who is Andrew Yu?

• To be honest, you probably don’t know who he is :)

• That’s okay; he wants to stay lowkey, but we will fill you in.

• He thought he would be a software engineer, but it turns out he couldn't even answer the first question of his final.

• Anyways, he has been dropshipping for 3-4 years and has done multi-seven figures.

• Fun Fact, he started running Minecraft Servers for Youtubers at the age of 18, and he was making 10,000-12,000 in revenue.

@newmoneytalks

Stop overcomplicating things… Keep it simple 🤌🏼 #ecommerce #dropshipping #shopify #winningproduct

Quick Breakdown of Video

• Even a 7 figure drop shipper thought a website was the selling point, but it’s not…

• It is just the product.

• Andrew accidentally turned off everything on his website expect for the add to cart and shop now button.

• He had that one for a week, and sales stayed consistent.

How does Andrew Yu Make Money?

• First, he made money doing Minecraft servers for big YouTubers.

• He then transitioned into drop shipping and mentioned he has a few Multi 7-figure brands in our conversation with him.

• Finally, he has a coaching program and has ten students in it currently.

• Here is a link to his coaching if you are interested in learning more :) https://epjwdw5q7zm.typeform.com/to/J3WLBFwH

What do you Need to Know from Our Interview with Andrew?

The Secret Sauce…

Andrew legit failed his college finals, and his first couple drop shipping stores were flops…

So if Andrew can do it, so can you. Drop shipping may be a little harder now due to the higher costs of acquiring a customer, but if there is a will, there is a way.

E-commerce is all about timing and being at the right place and time.

For example, selling Christmas lights leading up to Christmas.

In this case, it is all about demand and what you think consumers will shop for.

To find a winning product it is going to take at least 10-20 product tests to find a winner. Someone went through 65 products and 20k to find a winner, but after that, they knew what to look for!

Have a great day, and see you next week :)