Drayson Little is an embodiment of how an ambitious teenager can beat all odds and become a millionaire. For a young man to have achieved so much at such a young age is very commendable indeed.
Being part of the competitive e-commerce industry has made many driven young individuals try their hand at the e-commerce business. Drayson is one such individual who plunged himself into the world of e-commerce and has learned a lot while making a lot of money in the process.
The Young Man Who Defied All Odds
Not all millionaires are born into richness. Some enter the industry with only a little knowledge about business, but a lot of heart and passion to be the best at what they do. This is the case with Drayson Little, a millionaire at 21.
Despite his parents’ desire for him to be a lawyer or doctor, he never wavered from his own goal of becoming a big businessman. His seven-figure income is enough to entice anyone to know how he succeeded in the competitive world of dropshipping.
Weighing the pros and cons of dropshipping
At present, a lot of people are trying out various e-commerce businesses including dropshipping stores. This online business model has gained praise from the e-commerce community because it requires very low capital investment and can reap huge rewards for the owner if he/she is diligent in managing and growing the dropshipping store.
Dropshipping rids one of the biggest hassles and inconveniences there is when opening an e-commerce store. Since the store owner does not need to keep an inventory of the products being sold, the pressure of making sure all items are available and shipping them properly is non-existent. Besides the minimal start-up costs, dropshipping businesses can work with a wide range of products. All these merchants have to do is locate reliable and good-quality wholesalers or distributors for the products they are selling.
Yet, for all the good it offers, dropshipping is not without its drawbacks. If one is starting a new business, then drop shipping can take a lot of time to bring in consistently good revenue. Since the profit margins are low and marketing spends can be high, it is important to have continuous web traffic to generate a good number of sales and make a profit. There is also the loss of control over the delivery of products to the customer since a third-party (wholesaler/distributor) takes care of this. For an established business, however, dropshipping can be an ideal way to test new products and new categories.
Doing things the Drayson Little way
Curiosity and ambition were what initially drove Drayson Little to be the man he is now. When he ventured into the dropshipping business, he encountered obstacles that could have demotivated him. However, he did not let these stop him from pursuing his dreams.
Once business started picking up, he learned the hard way that no success is ever without sacrifice. He shares some tips for aspiring individuals who want to change their lives. Even if the first few sales are unsuccessful, one must try out various business strategies until the best one is found. Most importantly, being the CEO of your company requires full-time dedication. There is no room for half-hearted efforts, ever.
E-commerce is a competitive industry. No matter the consequences, for an individual to make it big and become rich, they have to learn to navigate through tough paths. The story of Drayson Little is one good example of how a teenager climbed his way to the top by focusing his efforts on realizing the end goal. Giving up was never an option for him, and he advises the same to other aspiring entrepreneurs. Dayton is active on Facebook and Instagram where he loves to connect with friends, family, and like-minded people.
Photography by: Drayson Little