A YOUNG woman has revealed how she turned her life around from “broke university student” to self-made millionaire without lifting a finger.
Margarita Schneider quit her part-time coffee shop job to “sell random products online” – and she claims it now makes her £20,000-a-month.
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Now, the 26-year-old drives around in Lamborghinis, Ferraris and kitted-out Mercedes-Benzs.
What’s more, she recently bought a penthouse apartment in Tampa, Florida.
The work Margarita got rich from is dropshipping – and she believes it’s straightforward for anyone to try.
Dropshipping is an online business model where the seller flogs stock through a website or online marketplace, but doesn’t keep any inventory on hand.
Instead, the stock is kept by a third-party business.
That means dropshippers don’t have physical shops or warehouses to store products.
They act as a middleman between a business and a customer by fulfilling orders remotely.
In a recent TikTok video, Margarita shared that if she was starting out again in dropshipping, she would use Zandrop to get her business off the ground.
The app automates the entire dropshipping process – you just have to post a few videos on social media to promote your shop, Margarita said.
“Zendrop has fast shipping and they source the best suppliers,” she added.
A quick glance at Margarita’s social media channels show that she is living the high life with her riches.
She set the business up with her boyfriend and claims they are bringing in a collective £800,000-a-month.
The young couple split their time between the US and Dubai.
Margarita has previously had to address claims that dropshipping is a “scam”.
Side hustles in numbers
Based on new research from Finder, an estimated 22.8 million Brits are using side hustles to top up their income.
Among generation Z (those aged 18-23) 68 percent have a side hustle in 2024.
Millennials (aged 24-42) aren’t far behind, with 65 per cent having an additional source of income.
Side hustles are less popular among older generations, with 40 percent of generation X (aged 43-54) having one.
Whereas 23 percent of baby boomers (aged 55-73) and just 7 per cent of the silent generation (aged 74 and over) are earning extra cash this way.
She retaliated that dropshippers are “doing god’s work” and providing “amazing products” that shoppers wouldn’t otherwise be able to get their hands on.
Dropshipping itself isn’t inherently a scam.
However, like any business model, it can come with the risk of losing money or struggling to sell.
Therefore, it’s essential for aspiring dropshippers to conduct thorough research, choose reliable suppliers, and build a reputable brand.