Dropshipping Mastery: Beginner Strategies for Boosting Shopify Sales on a Budget
By Robert Hill
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About this ebook
Do you want to start a profitable online business from your home, even if you are on a budget?
Today you can choose to live the Internet lifestyle, making money online working from anywhere in the world having time and location flexibility.
What if I told you there's a way you could start a business practically free-risk?
Dropshipping can provide the opportunity for those who have little financial means to start their own business without investing a large amount of money.
When you get an order from a customer, you contact your wholesaler and he ships it to your customer for you. This means you, as a reseller can sell products without worrying about stock and shipping.
But...If you don't apply an effective approach to destroy your competitors you'll be like a little fish in a big ocean.
The key is in the way you'll differentiate from your competitors while offering the same products.
In this book, you'll learn a simple, repeatable, and proven formula to add value to your customers that current market leaders cannot.
You'll learn:
- Avoid common mistakes which can cost you a lot of money
- Set up your Shopify store and optimize it to get more sales
- How to find winning products that sell like hotcakes
- The right criteria to pick the most reliable suppliers
- How to effectively use pricing and psychology
- Proven traffic systems to get high-quality website visitors from Day 1
- How to manage and automate correctly orders, inventory, shipping and product returns
- ...and more !
ECommerce has been growing 23% year over year and it's not about to stop any time soon. Thousands of people are making TONS of money online every single day and there's no better time to start an online business.
This book will give you skills, tools and confidence to build a highly profitable, semi-automated dropship store and gain financial freedom, living an independent life where YOU are the boss. Get your copy now!
Robert Hill
Robert Hill grew up in South Wales, United Kingdom. He had a happy childhood, carefree and safe, a childhood which seems vanishingly rare in today’s world; it was a time when children left the house along with the rest of their siblings early in the morning and were given the instruction ‘don’t come home till teatime’. This allowed him and the rest of the kids in the street the whole world – well, the local world – to be his playground. This is where his stories come from: a keen sense of adventure with an inquisitive mind and a willingness to meet and accept others for all their differences.
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Dropshipping Mastery - Robert Hill
Robert Hill
Copyright © 2023 Robert Hill. All rights reserved.
No part of this publication may be reproduced, distributed, or transmitted in any form or by any means, including photocopying, recording, or other electronic or mechanical methods, without the prior written permission of the publisher, except in the case of brief quotations embodied in critical reviews and certain other noncommercial uses permitted by copyright law. This book is a work of non-fiction and is based on the author's research, personal experiences, and opinions. The views expressed in this book are those of the author and do not necessarily reflect the views of the publisher. All efforts have been made to ensure the accuracy of the information contained within this book. The publisher and author shall not be held responsible for any errors, omissions, or damages arising from the use of the information provided. This book is not intended as a substitute for professional advice. If you require medical, legal, financial, or other professional advice, please seek a qualified professional.
Table of contents
Introduction
Chapter 1 : Starting Off Your Business
Chapter 2 : How To Pick A Supplier And The Product
Chapter 3 : Advantages Of Dropshipping
Chapter 4 : Disadvantages Of Dropshipping
Chapter 5 : Understanding Inventory
Chapter 6 : Validating Your Initial Product List
Chapter 7 : Marketing Strategy For Your Dropshipping Business
Chapter 8 : Manage The Inventory And Suppliers
Chapter 9 : Running A Shopify Business
Chapter 10 : Customer Acquisition
Chapter 11 : Dealing With Product Returns And Customer Service
Chapter 12 : Selling On Third-Party Marketplaces
Conclusion
Introduction
Dropshipping allows you to make money sitting right at home. This model is highly accessible by everyone as the risks are minimal and you can start by mak- ing a small investment. The advantages outweigh the disadvantages by a lot but you should not turn a blind eye towards the negatives. Be realistic when mak- ing decisions; being calm and strategic is essential. Research, test, and repeat! The suppliers are there to take care of fulfilling the shipment order when you place an order for your customers but you should be well aware of how things are executed. Hence, do not look at your store as anything less than the product of your efforts and determination. Learn how to research and how to do it well, use available online tools, and make the best of whatever the internet has to of- fer you. Lack of sincerity and creativity in how you design your product line, promote your niche, and make decisions could be the main reason behind the downfall of the business.
As dropshipping has opened doors for so many new entrepreneurs in all corners of the globe, there will be ups and downs and a lot of competition. Dropship- ping can bring you benefits in the long run if you are able to strategize and adapt to the ever-changing trends. For some business owners, breakeven may happen after two months while for many others it may be years; the key is hard work, discipline, and most importantly, adaptability. Giving up at the initial stage when sales are not looking that great would be a mistake. Continue to ad- vertise and take feedback from your customers into consideration, and eventu- ally, you will witness your business reach its full potential. This model is a great platform for small business owners as not only do they get to explore a billion- dollar worldwide industry but also get to do trials and tests in order to find their own niche. You may try and fail but you need to remember for dropshipping, failure is always a valuable lesson. Try to mentally prepare yourself for unexpect- ed challenges. Common obstacles may not come your way but you need to be confident if and when new challenges come along. These mistakes can be your best takeaway and help you focus more clearly on your strengths. In times of cri- sis, you need to remind yourself the very reason why you chose dropshipping. Realizing the importance of this simple yet money-making model will help sus- tain your business for years to come.
2
3
On another note, you should continue reminding yourself that your customers and their entire experience with you through dropshipping is key to make it in the end! Understandably, there are factors beyond your control, as the invento- ry and shipping are the most crucial aspects. But, is it not the reason why you chose to dropship? You can relax and run a successful business from afar, as long as you have a viable internet connection. There is no need to tire yourself out; trust the dropshippers to do their jobs. You should plan ahead and have a re- sponsible management team on your side, reducing the rate of possible mistakes made during the shipment. If you are still nervous about starting a dropship- ping business, remind yourself of the power of the internet. There are several great platforms where you get to design your store, conduct research on grow- ing niches, and more to make your business successful. You can learn to analyze the trends according to particular times of the year, locations, and communities to broaden your product line. There is no end to learning and experimenting! Don’t stop testing and adapting according to the particular needs of your prod- uct line. Be aware of whatever is in demand but do not compromise your niche and brand for whatever is trendy. Try to hold onto the uniqueness of your prod- uct, update your product line regularly, and you should observe a boost in the sales and traffic of your store overall.
Chapter 1 : Starting Off Your Business
Having looked at some key concepts of drop shipping, you probably are considering starting this venture. In this chapter, we are going to critical-ly analyze some business as well as financial steps you need to put into consid- eration before and during the starting out phase. Most of these steps are obliga- tory, however, most of them are simply good ideas that one should put into consideration and will streamline operations later on.
Here goes:
1. Commitment
THIS IS PROBABLY THE biggest virtue every start-up owner needs. Building this business could take up a lot of commitment and aim long term. Set realistic tar- gets and do not anticipate large sums or rapid growth over a short span of time. At the beginning you shall be required to invest heavily in the following two:
Time (Bootstrapping)
FOR A FIRST TIME DROP shipper, we would recommend that you invest more in time (bootstrapping) than large sums of money (outsourcing). This is because investing in more time that money will result in the following;
● You shall gain an in-depth know-how of how this business functions, an as- pect that shall be very vital as you may seek to venture into others and similarly as your business scales up and grows.
● You shall build a certain level of intimacy with your client base and market and get to know them better which will subsequently lead to better decision making.
● As a result of the two above factors, you also will not be prone to spending large sums on non-critical business endeavors.
● Lastly, and more important, investing in time will require a hands-on ap- proach will develop new skill sets.
However, this should not lead you to believe that you might need to quit your day job in order to work on your new online venture. It will be challenging to both work a nine to five and still work on it nonetheless, but with careful plan- ning and commitment, it is entirely possibly doable. If you do not have a job, then you are already a step ahead. As profit margins grow, you could make the switch towards working full time on your business.
Entrepreneurs and businesses differ a lot and are all unique in their own little ways. If you do have the choice to commit full time to drop shipping then the better as you can increase your profit potential over relatively a shorter period of time. In the early stages, efforts should go into the marketing of your busi- ness more than anything else. As far as predictions go, one is quite able to com- pletely replace the average annual wage of fifty thousand dollars if you invest full time, a full year of twelve months into a drop shipping. It may seem like devastatingly too much for too little but here are two things to consider;
● It is important to realize that starting out is usually the more challenging but, nonetheless, once the business is established, maintaining it shall be much less demanding.