Dropship Formula has only recently been brought to our attention and thought we’d take a look and see what all the fuss was about.
Before we get started though, we’d just like to mention that we are not associated with Simon Vernon or his Dropship Formula course.
This means that you can be sure that this will be an honest review, with all the facts and whether it could be a good investment for you.
So if you have questions like…Is Simon Vernon a scam artist or is Dropship Formula a scam or a legit investment?
Then those questions will be answered plus many more so that you can decide for yourself whether to move forward with this course or not.
But before we get started, who am I and why should you listen to me?
My name is Mick and I created this website to help people like you find your way in what might be seen as a minefield of opportunities.
With around 94% of which you should stay well away from.
So rest assured we are here to help you in any way we can and any questions you have you can add at the end of this review.
[Affiliate Disclosure: This review has been thoroughly researched from information and testimonials that are in the public domain. This post may contain affiliate links which means we may earn a small commission, however, this won’t affect what you pay!]
DropShip Formula Review – Summary
Product: DropShip Formula
Founder: Simon Vernon
Website: www.dropshipformula.co.uk
Product Description: High Ticket Dropshipping course
Cost to join: From £595 – £2695
Recommended: Maybe
Summary: Dropship Formula focuses on selling high-ticket products as opposed to low-ticket items.
This is a method that doesn’t tend to be used as much due to the expense when starting out and the risks that can be involved.
The advantage to this way of dropshipping is that your profit margins are not affected as much which enables you to benefit more.
On the negative side, any returns could damage the business and eat into the profits severely.
It’s a great way of running a drop shipping business especially when you are in profit which wouldn’t take too long.
But it is all down to finding the right niche and product which obviously the Dropship Formula course will teach you.
Moreover, the course is not cheap and may be out of most people’s budget.
Dropship Formula is a training course created by Simon Vernon that came onto the scene in January 2019.
The course is different to other dropshipping courses that we have reviewed in the past as it focuses on using high-ticket items as opposed to low-ticket.
Meaning expensive products which are more difficult to sell!
Whilst the course is available to people throughout the world Simon uses the UK market as a source to find and promote high-ticket products.
Very wise as I think China has had its day selling crappy and inferior products.
So it is ideal for anyone coming from the UK but that doesn’t mean that people outside the UK are exempt from this Dropship Formula course.
The course comes by way of 8 modules and over 120 lessons, that teach you everything about high-ticket dropshipping.
That comes with many bonuses which we will discuss a little further in this Dropship Formula review.
There is a free webinar which Simon offers to anyone, to give you a better idea of his teaching methods and what is involved.
This might be a good place to get started so you can see whether this particular business model is for you or not.
Who is Simon Vernon?
Simon Vernon is the person behind the Dropship Formula training course although that wasn’t what he intended to do after leaving school.
In fact, after leaving school with very little in the way of academic qualifications was all set for the 9-5 grind working in a warehouse.
In 2000 he bought his first computer and set out to try and make some money online.
He did and just about enough to leave his job and travel to Thailand where he spent the next 6 years.
After coming across the dropshipping business model
realised this was what he wanted to do.
So he enrolled on Anton Kraly’s Drop Ship Lifestyle course but realised as it was for the US market felt that it wasn’t a good fit for the UK.
However, he did manage to alter the method for working in the UK and decided to create the Dropship Formula where we are today.
Dropship Formula is definitely not a scam but a very well-laid-out comprehensive course that many seem to be having success with.
Granted it is still early days yet, but there does appear to be a large percentage of people having a lot of success.
It’s hard enough trying to sell low-cost items to people who don’t know you and therefore a little concerned that high-ticket is going to be even harder.
But saying that, it is not going to take many sales to ramp up your business revenue.
One thing that we definitely think is a big plus is that with high-ticket items the competition is not going to be great.
Not like conventional dropshipping where you are using low-cost items that everybody will be using.
There are some hidden costs, but that is unavoidable when you are starting a new venture like this.
DropShip Formula Student Reviews
You can find a lot of testimonials on the Dropship Formula website which can’t be verified however we have no reason to suggest that these are fake.
We have checked out testimonials on 3rd party sites and couldn’t really find any negative feedback.
The negative feedback we did find was regarding the confusion about the refund policy.
Not A Popular Dropshipping Method: The dropshipping courses that we have reviewed tend to be using low-cost items which makes sense because of less risk.
However, get the niche, product and supplier right and you could be in for a killing.
The whole course is based on using products that are £300+ which brings me to this. All you have to do is sell 1,000 in a month for a return of £300k
There Is A Refund Policy: This has been changed to include a no questions asked 14 days cooling-off period.
This is in addition to the normal 30-day money-back guarantee that does come with stipulations.
Simon Vernon, The Product Owner Is Legit: We have checked various third-party sites to confirm that Simon is a legit and experienced person.
The Course Is Very Comprehensive: We found that the whole course includes a lot of detail and covered many aspects of this business model that we haven’t seen in similar courses.
DropShip Formula – CONs
The Course Is Expensive. We accept that many will not want to risk this amount of money especially has the refund comes with conditions.
However, we expect only serious people to be interested.
This Course Is Based On Using Google Ads: We are not an advocate of using paid ads but unfortunately, this is the way to go with drop shipping.
Google Ads for us is an expensive option and there is a mention of using a minimum of £300/month which in Google Ads terms is not that much.
Possibly Not For Complete Beginners: Ok, we see some of his students who claim to have zero knowledge and that might be right, but we aren’t seeing any income claims either.
As a first venture into making money online, this is a big step and you should consider this very carefully.
High Ticket Dropshipping Is A Difficult Business Model: This is probably why you don’t see this type of dropshipping taught.
Don’t expect to see big returns within the first few months and the longer it continues the more costs and the more desperation can set in.
You do really need to have a few thousand in reserve for this to happen.
Dropship Formula – Final Thoughts
Hopefully, we have given you enough information to make a decision on whether to move forward with Dropship Formula or not.
If you are seriously considering this course then take your time and carry out further research before making that all-important decision.
This is not some fly-by-night course and should be taken seriously because at the end of the day, the decision is yours and could be life-changing.
We have mentioned that it may not be suitable as a first venture into making money online but if you are confident then why not go for it?
If I was considering moving into dropshipping then high-ticket dropshipping would be the way I’d go.
But, this is a decision you have to make and all the best with that!
Remember that you will need a few thousand as a contingency to take you through the first 3 – 6 months, maybe longer.
The Dropship Formula course by Simon Vernon is definitely worth considering.
But if it’s costs that are bothering you then you might like to check out what I do for a living in the next section.
Dropship Formula – Alternative Solution
After careful consideration, we decided that affiliate marketing was the best way for us to build an online business.
Not too unlike drop shipping really where you are the middle person but get paid for commissions and there are no overheads to take into consideration.
It’s one of the best ways to create multiple passive income streams.
I have personally been a member of Wealthy Affiliate since 2017 and the main reason why I was able to kiss goodbye to my 9-5 job.
Hey Guys and Gals, great to meet you and hope you enjoyed this post. We created this site to help people like you avoid the pitfalls of making money online and hopefully steer you onto the right path. ENJOY!
View all posts by Mick
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