Easy Steps to Success in Dropshipping!

In the world of e-commerce, dropshipping is now a common thing, and a lot of people are flocking to this method, because it allows you to make a tremendous amount of money without emptying your bank account.
To start a business in the past, one would have to get a loan from the bank, but now, dropshipping has changed all that.
With a little amount of cash, you can setup an online store and start selling premium products to thousands of people all over the world.
So how can you successfully start the dropshipping business?
Well… a few tips below should help set you on the right path.

1. Niche Research: This is almost a cliche term in internet marketing, but don’t be deceived, although it may sound cliche, it is extremely important in
laying the foundation for your success in dropshipping.
Finding a niche is the first thing to do in dropshipping. You cannot skip this phase. You need to research your
niche carefully and ensure you are picking one that has big demands, with plenty of traffic and customers that you can sell to.
You don’t want to have products that nobody wants to buy. So, researching your niche before jumping in to sell is crucial to the success of dropshipping.

2. Product Suppliers: This is the next step after making your research on the niche you want to delve into. Finding suppliers for your products can be tricky, as there are many scammers with substandard products or services out there.
As with niche research, you must also be meticulous in your research for product suppliers. Ensure you are getting genuine wholesale products!

3. Selecting your product(s): After picking a supplier, you must select the product to sell, and this will be chosen based on the niche you are working with.
Yes! You must be systematic in your approach. Now, you can decide to sell only one type of product, or you can choose to sell multiple products within the niche.
Both of these methods have their merits. Dropshipping only one product makes marketing straightforward and simple; your SEO marketing, product description, etc. would be easier to fashion.
On the other hand, dropshipping different products offer the added advantage of making more sales, by bundling, cross-selling, upselling, etc.
It is a matter of preference, so experiment and see what works for you!

4. The Dropshipping Avenue: Finally, you should select the avenue for your dropshipping business.There are a ton of websites offering dropshipping services including eBay, eBid or uBid, Bonanza, and Amazon.
So you have a wide range of choices to make. However, you must note that big names in the e-commerce business world like Amazon and eBay have higher dropshipping fees when compared to other sites, but they also
offer the added advantage of exposure and more customer traffic.

So if you have settled on running an efficient and successful dropshipping business, these tips should definitely come in handy. We have tons of other courses going into great detail and teaching you the rudiments of dropshipping, we also have some AMAZING TOOLS that can help out in the areas of niche/product research and even when it comes to finding GREAT suppliers for your products.
If you are interested in expanding your knowledge base in this business and separating yourself from the competition, then you should login to your sellslikehotcakes member’s area and check out our tools and video courses.

Oh! So you’re not a member yet? What have you been waiting for?

Register here and get informed and empowered with the lastest techniques and tools to fast track your success in e-commerce.
Remember, knowledge is power, but the truth is that without the application of the knowledge gained there can be no progress.
So… Take action today!

Have a great week.

========

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Last Wall Comments

 
10
Claudia says at 20:56 et
Name one thing that you or your business has struggled with this year?
 
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 USA says at 20:56 et
Motivation and Traffic
 
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 Aria says at 20:57 et
I have more ideas than time to implement them
 
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 Wolf says at 20:57 et
Conversions
 
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 ED says at 20:57 et
Conversions too. Glad I'm not the only one
 
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 Chris says at 20:57 et
Keeping up with stock levels. I always sell out and run out of stock too fast.. Hard to predict what will sell so well
 
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 mya says at 20:58 et
Weight loss lol
 
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 JO says at 20:58 et
Traffic and conversion...Planning to implement new FB strategy from your mastery video!
 
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 freedom says at 21:01 et
Why to go Shopify and not WooCommerce??
 
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 Ted says at 21:01 et
Shopify Is Easier to Use, it's a turn-key solution. (hosting, ssl etc all included) + great app store to boost your sales.
WooCommerce is free opensource plugin and working with Wordpress which means you have to install and confirgure everything yourself, buy hosting, ssl separately too so there is no real saving just more headaches.
Go for shopify and jump straight into selling rather than micromanagement tech parts with WooCommerce..
 
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 Iriness says at 21:05 et
WooCommerce looks like saving but in reality you have tons of hidden costs like domain, ssl and tons of extra hassles... Why not go easy with Shopify!
 
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Claudia says at 21:05 et
I agree with Iriness!
 
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 USA says at 21:30 et
How to find and contact influencers on Instagram??
 
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 Samuel says at 21:31 et
Try whalar.com, socialhype.co, influence.co, Buzzsumo ,Boostagram .. each can provide list. Also BrandSnob app. Also of course direct contact without third party tools on instagram!
 
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 nicholas says at 21:31 et
Already discussed before, please search first...
 
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6
 Father says at 23:25 et
When running a promotion, what is the recommended discount for the sale to count as a verified review and feed the amz algorithm?
 
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 Emili says at 23:27 et
Amazon does not reveal exact cutoff data for "verified" vs "unverified". some people say it's 50% but it's a wild guess. It does not matter really. Don't overthink it Father.
 
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 Emili says at 23:27 et
I give minimum of 80% off. Keeps buyers happy and many reviews coming (WITHOUT asking even with new policies all ok).
 
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 Ron says at 09:15 et
where to find local suppliers?
 
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 Aria says at 09:16 et
see resources... for example http://www.wholesalecentral.com/Made-In-USA.html or salehooo
 
3
Xuan says at 13:08 et
Hi I'm newbie here :)! 3 days I run camp ads fb but not effective
. I till not have first sale for me :(. I don't have direction right for me? How do you make the first sale?
 
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 Theo says at 13:09 et
hi Xuan, it depends on many factors. what is your store? what product you sell? what ads you run? You might want to submit your project to Critics here http://sellslikehotcakes.co/critics.php and everyone will help brainstorming it.
 
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Pavel says at 02:17 et
What to do in case of goods return taking into consideration that delivery done to US and I am located outside of US? Does it mean that returned goods to be deliveried to my home? How I should proceed in such cases?
 
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 Alex says at 02:18 et
Hi Pavel. There is a video lesson talking about it, you can set the forwarding address in US.
 
4
Pavel says at 13:27 et
Alex, thank you. Could you please indicate the name of the video.
 
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 casey says at 13:28 et
It was I think a video about the biggest problems with dropshipping and how to solve it
 
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Pavel says at 02:18 et
Any answers? It is important to know in such situations. Similar questions related to refunds. How to work with the suppliers in case of refunds? I will appreciate answers for my questions.
 
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 Violet says at 02:19 et
If you do FBA then Amazon will take care of returns and refunds.
If you do dropshipping then customer can return item to your forwarding address. If the item is cheap it's easier just refund without return.
 
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Pavel says at 13:27 et
Yes, I do understand it. Thank you. The question related to dropshipping part.
 
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Angela says at 13:27 et
Mike

Thank you.
 
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Gad says at 17:43 et
Hello everyone :-) my name is Gadi, and I'm a new member. Glad to meet you all , and looking forward to be part of your community :)
I would like to ask few questions:
First I'm thinking of adding a donation component to my sales. so part of the profit goes to donation. Is it sounds reasonable, regarding the expenses ?
Second - as I said I live in the UK, will it be a mistake to sell only for the UK market in order to save costs of transaction fees, and saving shipping time. I'm not sure that the thinking is correct, but as I said, I'm a newbie.. thanks, gadi
 
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 Chris says at 17:45 et
Welcome Gad! Donation component is a great way to boost your sales but it must be linked to a good cause and make sense, so that your product is somehow linked to a good story that makes sense
 
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 quirkyfox says at 17:45 et
yeah, like Bamboo product for saving trees...
 
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 Mike says at 17:46 et
hi Gad. Regarding UK question you did not explain if you do dropshipping or FBA? Anyways you can start with UK and expand!
 
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Gad says at 08:03 et
Thank you all for your comments
Regarding your question Mike, I thought about
Dropshipping at first
 
8
Gad says at 08:03 et
Two more questions please :
Is there AliExpress in UK, so the shipping would be shorter ?
Second - is it possible and profitable to creat one store, and then inside to create few nitches in it ?
 
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 Mike says at 08:05 et
Gad, Aliexpress is a chinese company. They ship internationally but it's always from china. You can watch video on finding local dropshipping suppliers in your niche in UK if you want to go local route.
Regarding the store - again it depends on what you plan to sell. See my video about branding talking about small brand or more general brand to have better idea!
 
4
Gad says at 04:58 et
Thanks !
 
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GERRIE says at 08:27 et
I have watched a lot of videos and I understand what they are telling me to do. However, I can't memorize an all the instructions. Is there a written text instruction that I can reread the instructions as I am filling out the forms? I have been putting everything on my reading list but don't know if that is enough.
 
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 Mike says at 08:27 et
Most of our videos have text transcript to download.