Welcome to my Dropship Formula UK review. Can you really learn how to sell high ticket products without keeping or stocking any of the items yourself, or is Simon Vernon a scam artist that you should avoid?
Here’s what you should know. This is an expensive course, which means that you may come across biased articles that praise it like it’s the best thing that ever happened to the UK market without providing any REAL VALUE that you can use in the buy or not decision.
That’s why I want to point out that I’m not affiliated with Dropship Formula in any way, and I won’t be offering a thousand low-quality bonuses for joining through my links because there arent any.
Instead, I will breakdown everything that you need to know about the course, the business model, and all the risks that come along with it so that you are fully aware of what you’re getting into before you make any commitments.
Ready? Let’s get started…
Dropship Formula UK Review Summary
Product Name: Drop Ship Formula
Product Owner: Simon Vernon
Product Type: High Ticket Dropshipping Training Course
Product Price: £795, £1,295 or £2,495
Overall Score: 60/100
Recommended: Only If You Can Afford The Ongoing Expenses
Summary: The course is focused on selling expensive products to the UK market via the dropshipping model.
The good thing is that there’s not a lot of people doing this, which means that there won’t be a lot of competition because most people that make money online with this business model are focused entirely on selling low-ticket items.
However, your expenses will be bigger as well. Not to mention that a single refund of a high ticket product can significantly hurt your business, especially if you don’t stay on top of your finances.
Alongside your investment for this course, you need to think about the ad spent that you will have to make to get people to see your product offers in the first place.
Even though part of this training is all about organic traffic (web users), odds are that you will end up leveraging paid ads.
In theory, you need a handful of high ticket sales to make a profit, but customer acquisition will be much harder compared to selling low-ticket items.
If you’re a beginner with no experience in starting an online business, there are other more suitable and cost-effective alternatives to explore.
- Dropship Formula UK Review Summary
- What is Drop Ship Formula?
- Is Drop Ship Formula a Scam?
- Who Created Drop Ship Formula?
- What’s Inside Drop Ship Formula?
- How Much Does Drop Ship Formula Cost?
- What I Like About Drop Ship Formula
- What I Don’t Like About Drop Ship Formula
- My Recommendation
What is Drop Ship Formula?
It’s a training course created by Simon Vernon. It goes over everything that you need to know about high ticket dropshipping and shows you the exact steps to turn that business into a profitable venture.
The program consists of 8 modules in total and a bunch of bonuses to make it look more appealing to potential buyers.
The most important part that you need to remember about this course is that it’s created specifically for the UK market.
Even though people from all over the world can take advantage of Simon Vernon’s dropshipping course, if you’re not planning to dive into the British market, then you won’t be able to make use of everything that’s being offered inside.
Let’s make sure that we are on the same page here by breaking down the business model, without all the hype and exaggerations that you would otherwise see in most ”free webinars” that sell a product or service at the end of their presentations.
What is High Ticket Dropshipping?
Most people that are looking to get into high ticket dropshipping are enticed by the idea of making 5 figures per month by landing only 3-5 sales.
It can look way easier than selling hundreds of lower-priced items like mugs, bags, etc. However, the majority of these small, cheaper purchases are made in the spur of the moment. In other words, they are impulsive buys.
When it comes to high ticket dropshipping, no one will make an impulsive decision to buy that $5,000 sofa that you are selling. That’s why you need to work EXTRA hard to convince people to buy from you.
You need to consider creating more than one point of contact with your potential buyers and follow up on their interest in your products.
This could mean that you need to invest in email marketing, sales funnels, and copywriters to create high-quality sales letters catered to your audience.
You also need to build TRUST with your customers. If you’re new to the online world and no one knows who you or your brand are, it’s going to be hard to build that initial trust.
Is Drop Ship Formula a Scam?
No, it’s not a scam. Drop Ship Formula is NOT your average dropshipping course. It comes with two distinct differences. Unlike some of its competitors, like Enter China Accelerate or Rocktomic, the entire focus of this training program is on selling high ticket products to people from the UK.
That’s why not everyone is going to appreciate what the course has to offer. For example, if you’re highly experienced in selling low-ticket items, you want to learn how to sell expensive products, but your target customers reside in the US, then this course is probably NOT for you.
On the other hand, if you’re looking to tap into the British market, and you have a well-known brand that’s gained people’s trust, then you have a REALISTIC chance of becoming profitable with the Dropship Formula training course.
This business model requires you to pay upfront for each item that gets bought through your online store. You purchase it from the manufacturer and provide them with all relevant details, such as your client’s shipping address.
The manufacturer sends the item, but the money from your client is held for a set number of days before it gets into your bank account.
In other words, you need to have a few thousand upfront, or you won’t be able to complete your client’s purchases.
The digital world is filled with opportunities, which means that if you prefer to avoid risking that much money to start an online business, you can try something else instead.
Who Created Drop Ship Formula?
Simon Vernon is the founder of this course and the DropshipFormula.co.uk website. According to his bio, Simon is a successful entrepreneur from the United Kingdom with over 17 years of experience in making money online.
After being involved in the high ticket dropshipping business model for 5 years, he decided to shift his focus on helping others achieve success using the methods and techniques that he mastered throughout that time.
He’s the owner of a Youtube channel created back in January of 2020 with about 200 subscribers and a total of 16,408 views.
He is also the owner of a private Facebook group called UK Drop Shipping & eCom by Drop Ship Formula. It has about 2K members inside, all of whom are members of Simon Vernon’s paid course. It seems that the group is active and continuously increasing.
This is a good indicator of a social community filled with like-minded people, which can be a huge asset for beginners, and experts alike.
What’s Inside Drop Ship Formula?
As a member of the Drop Ship Formula program, you will get access to 120+ lessons on essential things that you need to achieve success as an eCommerce store owner.
Simon Vernon’s course goes over the basics of setting up your business, contacting suppliers, what to do when you get rejected, how to hire VA’s (virtual assistants), how to run paid ads, and more.
You even get a custom-made Shopify theme. Let’s take a closer look at each module now.
Module 1 – Finding Your Niche
This part has over 1 hour and 40 minutes worth of video content and 7 lessons in total. The first bit covers an introduction of everything that you will learn, what is a niche market, how to target profitable opportunities, and the basics of establishing brand awareness.
You will explore different price ranges, how to choose the RIGHT products to promote based on your expertise, knowledge, personal preferences, and how to validate a great niche market.
When you’re done here, you should have a better understanding of what type of products work best for the high-ticket dropshipping business model in the UK market.
Module 2 – Create Your Demo Website
Setting up your website is easy when you have the right type of guidance, and Simon’s training does a great job at teaching you how to set up your digital store using Shopify.
Most internet marketers and online gurus that teach people how to make money online with dropshipping recommend that platform, not because it’s the best out there but because of its high affiliate commission structure. This module is over 3 hours long, with a total of 11 lessons.
By the end, you should have a customized website with a logo, theme, navigation, homepage, and all relevant pages.
An important part of this module covers creating your professional-looking email. It may be tempting to ignore that lesson, but it’s not advisable because it can reduce your overall authoritativeness, which can potentially reduce your sales long term.
Module 3 – Find & Get Suppliers
This part of Simon Vernon’s course is shorter than the previous one, with about 1 hour and 10 minutes of video content and 5 lessons in total. Just because the module is not that extensive does not mean that it’s not important.
On the contrary, it’s of utmost importance that you go through everything in detail. You will learn how to find and connect with creditable suppliers to reduce your chances of getting chargebacks and refunds.
Module 4 – Developing Your Website
This module is mainly focused on the optimization and further development of the website that you made in module 2 of this program. The combined watch time of all 9 lessons inside this part of the training is about 1 hour and 38 minutes long.
Expect to learn how to set up Google Analytics to track your traffic’s behavior, how to add a sitemap, manage orders, and how to implement discount codes.
Module 5 – Conversion Optimization
This module goes over the nitty-gritty of ensuring that you increase your conversions. Remember when I mentioned that email marketing helps a lot in increasing the high ticket sales percentage rate?
Now you get to learn exactly how to set up an email sequence with either Klaviyo or Justuno. Both are autoresponders suited for eCommerce store owners.
On top of that, you will learn some techniques and tactics to further increase your conversions, such as urgency and scarcity marketing implementation strategies, social proof, trust-building, and more. This module is almost 3 hours long with 10 lessons in total.
Module 6 – Google Ads For eCommerce
This module is so long that it had to be divided into 3 separate sections. The first one is Google Ads Introduction.
There are 8 lessons inside with about 2 hours of video content. It covers the basics of Google Ads, Google Shopping, Google Merchant Centre, Product Feeds, and Tracking.
The second section of this module is called Google Shopping Campaigns. It comes with 15 lessons, and over 2 hours and 40 minutes of content. You will learn how to set a bidding budget, campaign segmentation, negative keywords, everything about funnel campaigns, and more.
The last part is called Google Search Campaigns. It consists of 13 lessons and over 3 hours of content revolving around keyword research, ad copy, and Google’s Keyword Planner.
Module 7 – Remarketing For Google and Facebook
This module is almost as long as the previous one. The first part is a brief introduction to retargeting, what it is, and how it can help you as an eCommerce store owner. It’s all covered within 28 minutes of video content.
Then you have in-depth training on Google retargeting, where Simon Vernon covers everything about audience building and the different types of remarketing that you can leverage.
Followed by Facebook retargeting, where you get to learn all about the biggest social media platform’s business manager, the Facebook pixel, and some advanced audience building strategies. All of that is covered in about 1 hour and 30 minutes of content and 9 lessons in total.
Module 8 – More Traffic
This is the final module of the Drop Ship Formula course. Here, Simon Vernon goes over some additional retargeting methods and email marketing techniques.
You will also learn about search engine optimization, which is a form of free traffic generation.
You produce blog posts like the one you’re reading right now for free exposure on platforms like Google, Bing, and Yahoo.
Then you will learn about the different financing options that are available for UK residents and how to scale your business to the next level.
How Much Does Drop Ship Formula Cost?
Drop Ship Formula comes with 3 different price tags. The first one is £795 for the Foundation course. With it, you get full access to everything mentioned so far.
Then you have the Premium version, which costs £1,295. It comes with everything that’s included in the Foundation course, plus the following additional perks.
– Niche Validation Service. Simon will personally validate your niche.
– Mastermind Call Recordings. Full access to every recorded call that was made before you joined this program. Don’t worry if you miss any of the live calls because you will get access to them as well.
– 10x Private 1 on 1 Coaching Calls. This perk will unlock the opportunity to get personal advice and mentorship from some of the accredited expert coaches inside Simon Vernon’s course.
The most expensive version of this program is the Ultimate version. It costs £2,495. It offers everything mentioned so far plus a done for you website. Instead of going through the trouble of building everything by yourself, you can get the team inside Drop Ship Formula to do all the work for you.
You can’t pay in multiple installments, but you can apply for PayPal credit if you’re in the UK. In fact, the sales page has a direct link that leads to the application form that you need to fill out.
Can You Get a Refund?
Yes, you can. There’s a 30-day money-back guarantee under the following conditions:
– Select Your Niche
– Find a Supplier
– Build a Website
– Complete All Other Assigned Tasks
If you do all of that and you don’t get any positive results within the given timeframe, you will be granted a refund.
What I Like About Drop Ship Formula
1. It’s Focused on a Specific Market. The training course targets people from the UK.
2. Not a Lot of People Teach This. High ticket dropshipping is not that famous amongst course creators and internet Gurus. Simon Vernon has a unique approach to teaching people how to make money online with eCommerce.
3. You Can Get a Refund. It’s action-based and designed to help people by pushing them to at least try this business model before they decide to give up.
What I Don’t Like About Drop Ship Formula
1. It’s Expensive. The costs can quickly add up. If you don’t have a few thousand upfront to cover your client’s purchases BEFORE you get paid, you could crash and burn before you even get started.
2. High Ticked Dropshipping is Difficult. Every business that you start is going to be hard at first, but with this particular business model, it can be EXTRA hard when no one knows you or your brand. It could be a while before you manage to build a solid reputation as a trustworthy eCommerce retailer.
3. It’s Not For Beginners. Simon Vernon’s course is somewhat focused on beginners, but I don’t think that this model is best suited for people that are just getting into the world of making money online.
By now, you should be fully aware of everything that’s required from you as a high ticket dropshipper.
You need a decent sum of cash to get started and keep afloat throughout your first few sales until the money from those that have bought your products get to you. Most online payment systems will hold your earnings for a period of time.
If you’re looking to tap into the UK market, then Simon Vernon’s Drop Ship Formula course may be suitable for you. It’s definitely worth looking into.
However, if you’re a beginner that’s just getting started, you should know that there are better ways to start an online business that don’t require you to spend a lot of money upfront.
My recommendation is that you explore promoting other people’s products and services as an affiliate. It’s the best business model for beginners.
The start-up costs are extremely low, and you don’t have to deal with customer service, refunds, or any of the usual problems that come with selling your own products.
You should see how these people are banking profits using a simple yet incredibly effective blueprint that most neglect and miss out on that opportunity forever.