Friday, October 25, 2019

What type of service do we give our customers in dropshipping? You are right! We supply customers with merchandise and convenience. We give them the products they need, while we provide comfort. This makes dropshipping the future of retail business. In the years ahead, we are expecting dropshipping to grow its earnings.

Why is a reliable supplier a major element of success in dropshipping?  A reliable supplier is a key element to the success of a dropshipping store because the orders made by customers are directly fulfilled by our suppliers. Having unprofessional suppliers will result in more problems for our store leading to more loss than revenue.  Suppliers play a major role in the cycle of a dropshipping business.

Business, when played right will result in more gain than loss. This is the end goal of all business models. Each effort taken in a business plan is related and shall benefit one step to the next. Right now, let us talk about how reliable suppliers directly affect a dropshipping business.  
Increased Profits
A major goal in business is to secure that the profits are stable to sustain the expenses of the company. A reliable supplier will help you as a business owner to meet this goal.  In dropshipping, the supplier fulfills the order and deliver them to our customers. How are we able to keep good customer relationships if the products are of low quality?

Also, these suppliers will make sure that the items are delivered fast to our customers. The faster order fulfillment and delivery is done, then it will make your rating better. This will generally build customer’s trust and increase the chances of getting more customers to buy from us. 

Customer satisfaction is always good news for the business. When you’ve established a good relationship with the customers, in the long run, they will continue to have business with your store and generally return more earnings to the organization.  They will have faith in your products and will also recommend you to friends and colleagues. 

Results to More Savings in the Company
Starting with customer satisfaction, if the customers are happy with the products and services rendered by the company, they will keep on coming back and will leave a lasting impression on the business. On the other hand, if the customer received a bad experience with the service, it will impact your business negatively, too.  

Such a negative experience may be but not limited to delayed shipping, incorrect orders, damaged items, etc. Although these reasons are the major challenges of dropshipping, there are still ways on how we can properly handle them and still turn around the negative encounter of the customers.

Quality Service
Having quality service requires getting suppliers that will make sure that this is completed.  Surely, there are suppliers who can fulfill the basics of an order. And whatever we do, if we have few errors on the order, it will lead to better service to our customers.  Sometimes, getting quality service from our suppliers also depends on our relationship with them. 

This means, we also need to make sure that invoices are paid on time, the manner of our communication with them, and the timeline we set to them to fulfill an order.  This is very important and is sadly left out by some business owners. 

I guess it is safe to say that we need to treat our suppliers like our customers, too.  We want to build a good relationship with them so that they will treat our customers nicely as well. 
Better Deals
Suppliers are businessmen, too. They keep a good relationship with us to stabilize their business. And to do that, from time to time there will be special deals being offered. Sometimes, discounts are given if orders are made in bulk.  

As mentioned, suppliers provide good deals when we are a good payer and also maintains good working relationships with them. As a bonus, they also give excellent service if we maintain good connections with our suppliers.

Chances of Business Expansion
When a business has fully established the organization, the more likely the next goal for the business is to expand. Who would not want an expansion of the business, right? The expansion means that we are doing the right thing to make the business work. If there is an expansion, it means that you do not make the business work, it only means you are earning more to afford expansion. 

Of course, business expansion is a result of the overall hard work you have done with the organization. It will all start with a well-planned goal and itemized action planning to reach this goal.  

Besides, while having a reliable supplier directly relates to business expansion, having a good relationship with reliable suppliers is one of the elements you need to reach your goals as a business owner. 

Conclusion:
Having a good relationship with a reliable supplier is essential to keep the business stable. The goal of the supplier is to ensure the line of business is constant and be able to cater to more customers. In return, it will not only improve their sales but also yours.  

Supplier relationship management is truly important. Strategically, this is a basic expectation we want to meet to be able to keep a good service to our customers. There will be a good effect to the business on both sides, and everyone will benefit from it. 

Friday, October 18, 2019

It is human nature for people to dream of having a comfortable lifestyle. This is the reason why dropshipping draws more attention to a wide community, both gifted with the entrepreneur ability or not.  Along with the rave in dropshipping, comes with the myths and facts that we surely want to learn about. 

What are Dropshipping Myths and Facts
That’s right, you have heard about drop shipping with information widely accessible to anyone. The power of the internet is to spread news despite knowing if it is true or not. In this post, we will learn the myths about dropshipping, and reveal the facts about it. 

China Products is Never Good for the Dropshipping Business
Electronics, garments, footwear are just some of the items being produced in China. Most merchandise around us is made in China. This is no secret to anyone. Apart from China products being renowned in the manufacturing society, several people do not like buying products from China.  

There is a mindset about Chinese goods offering low quality and are not worth spending. While there are cases when the products do not seem to have been a top-quality item. For these reasons, sellers try to hide to their customers that their supplier is from China. Which is not right. 
First of all, you really cannot hide it from them that the products originated from China. When an order is placed, you do not want your customers to worry where their orders are. Ideally, you will provide them the tracking number. They will know the items are being shipped from China.  

Also, they will know it is from China given the length of time it takes to get the order. Even if you do white labeling your customers will know where it came from.  A way to handle queries about China-made products is to give assurance that these items are in-demand and many customers get the same product with no obstacles. 

Fast Money in Dropshipping
Money attracts many things in life. This is a game-changer in a wide perspective every time. We are already aware of this fact. A sad reality is, people who want to succeed are reckless and always look for faster ways to earn. This makes them think that dropshipping is a way to get easy money. 

This is not true. Earning money from dropshipping is more convenient compared with a traditional business. But, it takes more than posting items online to your store. The back-end job of dropshipping is more challenging. Here you have to deal with complaints, worry about the traffic to your store, orders errors and many more. 

Other challenges faced by dropshippers are retaining customers and keeping up with the tight competition. It is likely that due to the high demands of the products, more sellers will likely to sell the items and marketing needs to be more strategic. 
Dropshipping is Dead
Contrary to what others mentioned about the crowded community of dropshipping, dropshipping is not dead. Dropshipping is the future of retailing. A major retail clothing business has reported to close down hundreds of stores because they fail to keep up with the market. 

Young professionals are considered to be the primary market of the retail business. To which, these young professionals are Millenials and prefer to do their shopping online. In the upcoming years, the generation will be more adept to technology. Making dropshipping the future of retail business. 

The innovations in retails will continue to evolve and so is dropshipping. We can consider drop-shipping as a stepping stone to a more advanced retail business catering products to a wider range of community even to other countries.  

Dropshipping is Not a Real Business. 
Having a goal is important when you put up a business of your own. Dropshipping also included.  While others say that it is not a real business, it is. You will encounter customers day in and out and need to provide services for them. 

Most of the people who say that dropshipping is not a business to operate are wrong. In my opinion, these are the ones who fail in dropshipping because of several factors. Only 30 percent of the dropshippers succeed in the business which makes it even more challenging to those who keep on trying to achieve their goals. 

The truth is, some people use dropshipping as the main source of income. But it cannot be achieved right away. As we have mentioned, it takes a lot of hard work to be able to achieve positive results in dropshipping. 

Conclusion
Business is a risk.  But, you have to know that a risk can be calculated based on facts.  Also, right planning is an effective approach to succeed. Although we can say that there is always a fifty percent chance that you will fail.  What is good about having a business is the feeling of fulfilment every time you went past your personal goal.

The best way to pass through the challenges in dropshipping is to look for a partner in dropshipping who will make selling a lot easier. You are expected to encounter challenges every day. This is normal, but you have to understand that it is always the learning that will make you wiser as you go through the challenges in dropshipping. 

Friday, October 11, 2019

People buy stuff left and right during the holidays. This is the time of the year when dropshippers get all excited. People get extra money. This is when potential customers receive incentives, bonuses, double sales. To fully take advantage of the season, let us know what goods to sell during the holidays.


What products are good to sell during the holiday season as a dropshipper? 

  1. Cellphone accessories - Examples are Cases & Covers, Screen Protectors, Power banks, Bluetooth headsets, Headsets, Data Cables, Mobile Chargers
  2. Children’s Toys
  3. Women’s Accessories - Examples are pieces of jewellery ( rings, necklaces, bracelets, earrings), Hair Accessories ( hair clips, headbands)
  4. Clothes ( for all ages)
  5. Holiday decorations

Cellphone Accessories
Black Friday and Cyber Monday is one of the most famous shopping holidays that happen in the fourth quarter of the year. People buy gadgets because they are on huge discounts. What product goes well with gadgets but the accessories, right? 


For dropshipping, we may not be able to sell gadgets. But we can sell accessories that go with these products. Not only that the items are affordable, but we can also sell variants that people might show interest in. It will be easier to ship these products anywhere because they do not expire as well as lightweight. 


Some examples of the cellphone accessories that are good to sell in dropshipping are phone cases, Bluetooth capable speakers and headsets, data cables, mobile chargers, power banks, cellphone glass, and plastic protectors and many others. 
Children’s Toys
Next on the list are children’s toys. Some charity gatherings and events happen during the fourth quarter, too. This is to support shelters, hospitals, and other care facilities. People who are in these facilities lack the opportunity to experience a normal childhood like other children. 


Also, the holiday season is more exciting for children. Every year, children look forward to getting pretty gifts from their parents, and relatives. Children love unwrapping gifts, and it makes them happy if they see toys. This also applies to adults that are young at heart.


As a dropshipper, it is a big advantage because companies will be interested in buying items in bulk. They want to be able to get the most discount possible. And we are looking to get more customers to buy quality toys from us. This is going to be a good increase in sales for the store, isn’t it?

Women’s Accessories
Women always want to look at their best. I mean, this is a natural thing for women. Especially during the holidays. They always want to look and be at their best. Which is why women’s accessories never really go out of trend. There are just some improvements to the style. For men, they see it as all the same, but for women - it is all different.  
For dropshippers, women’s accessories are good products because it comes with several variations. There are accessories for special events, daily wear, and office attire, etc. Also, these products are cheap, lightweight, and easy to transport. Like the other products we listed, they do not expire, which is necessary given shipping times are longer with dropshipping. 


Some examples are jewelry such as rings, necklaces, bracelets, earrings that come in silver or stainless. Hair Accessories such as hair clips, headbands that come in different colors, and sizes perfect for any occasion. 


Clothes
Aside from toys, one of the best gift options would be clothes. Clothes, in general, is a need that makes buyers find as more important compared with toys. Some customers value needs vs wants when buying gifts for loved ones. And that makes clothes a better choice for them.


Clothing items may also be seasonal. In some countries, where there are four seasons, they consider buying new clothes to be on-trend with the latest fashion. This is the reason why you would see promotions and discounts on clothing most of the time. This is a strategic way of encouraging people to buy products.


As a dropshipper, knowing that clothes are seasonal products, it is just right to fully take advantage of this product because our products are cheaper compared. Plus we offer convenience to our customers. This is an improvement that was taken advantage of by big stores. Offering to sell their products online. 

Holiday Decors
Finally, on the list are the holiday decors. Houses are decorated. Establishments and offices, too. Everyone likes the feel of the holiday and the decorations help the mood. There are different themes created over time. Customers are creative in putting up Christmas Trees, setting the tables, and decorating the office space.


We included the holiday decors because it is cheaper when bought ahead of time. The suppliers for these items markup the prices because of the demand. For dropshippers, it is an advantage because we have direct links to suppliers eliminating costs. We just need to watch out for the supplies because we do not want to be out of stock.  


Some examples are decorative accents, Christmas lights, wreaths and flowers, outdoor decorations and many more. Like the rest, the products do not expire and are lightweight. It is very easy to transport.


This is the season for gift giving. People are accustomed to buying this stuff because of the holidays. Most of the products are bought and used as a gift to friends and loved ones. Also, this is the time when parties are everywhere. This list is based on the most selling products during the season. 


Although some may not agree, these products are generally worth selling during the holidays. With the right software and promotions for dropshipping, surely your dropshipping store will hit your goal in terms of sales. Happy Holiday Selling!

Friday, October 4, 2019

It’s almost the holiday seasons. This is the time of year when everyone gets busy. Many people plan for the celebrations. Save up and buy gifts in advance. This is an opportunity for entrepreneurs to boost sales and be creative on the promotions. Join me because this is going to be an interesting topic.

How to prepare your online dropshipping store for the upcoming holidays?  First, list down the holidays for the whole year on a calendar. Plan your timeline and choose a theme for the website. Set sales goals. Also, set your budget for the holidays. Time to be creative and write down promotional offers. Increase traffic by using the right strategies, software, and tools.  

The most exciting season for eCommerce is the fourth quarter of the year when there’s a long list of holidays. People are spending money on many things like salon, clothes, shoes, gadgets, and the list goes on. Parties are all packed during the holidays and there are a lot of gatherings happening during the season. 

With the list of things that go busy during the season, we must take advantage of this occasion and plan so that we won’t miss the events and the opportunity to double the sales. Let us talk in detail about what we need to do to plan for the upcoming holidays. 

Make a List of The Holidays, and Special Events In Your Calendar
Every year, we need to place a calendar showing the timeline of events and holidays so that we can make a plan on what promotions, themes, and strategies we can come up.  A business owner should always be two steps ahead.  

For example, some countries have four weather seasons. The winter, spring, summer, and autumn. Because this is a regular thing, people expect changes in climate, and temperature which also means, there is a change in clothing, footwear, etc. As a dropshipper, we need to start making plans on how we can layout promotions and themes for our store. 

This goes the same with special events like Black Friday and Cyber Monday. People are expecting to buy items on massive discounts. We want to take advantage and start selling ahead because customers are always interested in discounts. 

Choose a Theme for your Online Dropshipping Store
Most people are visual. We get excited about what we see and it affects how we make decisions especially when buying products. We want our stores to look inviting with the promotions, savings, and freebies if available. This will encourage more customers to buy from us. 

A theme should apply to the season we want to promote. This will avoid confusion to customers and focus on the event you are promoting instead. Prices generally go up sometimes depending on the need. When there is a demand, surely price tags will also be affected.  

I recommend using a countdown timer whenever there is an ongoing promotion. This will promote urgency to customers when buying from your store. Also, do not forget to include the number of stocks available. So that they can see the demands of the products and will make them decide right away to make the purchase.

You may also highlight products that are most in-demand on your landing page. This will invite them to buy items if they see that the item is on-demand. You have to be careful and make sure that the items you are selling are on stock. Out of stock items may impact your store positively, or negatively, watch out for it.
Set Your Goals
During the holiday season, your goal is to double your sales. Most suppliers increase their prices during the season. Regardless, customers are most likely to make the purchase no matter what. As a dropshipper, this is the perfect time to raise your goals and earn more.  

Also, we want to minimize spending. Our goal is to reduce overhead costs. We need to prioritize where we need more spending. Talk to your supplier to ask if there are ongoing discounts on promotions that will help you save more. More savings means bigger earnings. 

There might also be a way for suppliers to modify their packaging based on the holiday season. This will help customers have a feel of the season and attract them to buy more from your store.  Branding truly matters. 

Strategize the Promotions 
On to the meaty part of the post. Now that you already have a timeline of events, planned out promotions, set your goals and budget, it is time to think about strategies how this will all come together. After you’ve prepared ads and created the theme, it is time to expand your community.

For starters, we can send out emails before the season ends.  You can use this to highlight the upcoming event while showing appreciation for the previous season.  This will prepare your customers about the holidays and they will be excited about the new one.  

Conclusion:  
As a bonus tip. We are expecting a huge amount of orders coming from customers everywhere.   We also need to prepare for the returns that might arise. This has to be taken care of properly. We are also looking for delayed shipping because of the holiday rush. A good team of customer support will help you get through these challenges.  

All these preparations will be possible if you have invested in a tool that will ensure that you have the right amount of supplies to cover the products you are selling. You do not want to be out of stock during this season.  Also, we want to be equipped for these hurdles as it will negatively impact your dropshipping store.

Friday, September 27, 2019

Dropshipping is one of the most promising business models in the entrepreneur world. It is a rewarding business for some and still continues to encourage more people to start their own. This business assures many to deliver positive outcomes.  This gives more challenge to dropshippers as it also increases the competition in the business. 

Is dropshipping a profitable business method? Yes, dropshipping is a profitable business method. Although a larger portion of people present declarations that dropshipping is not a profitable business model, it is proven to have been a reliable source of income and is expected to give stability to those who have attained their business a success.  

What Makes a Profitable Dropshipping Business A Success
There are several ways to measure the accomplishment of a business. Each criterion is based on the expectations laid out on the plan stated to foresee the outcome of the business. This part is somewhat being eliminated by those who aimed at starting to drop ship which later on turned out as a failure.   

As we go along,  we want to address how we can become profitable in the dropshipping business.

Right Product Niche 
We have made our point on how much the product niche makes a difference between the competition of dropshipping business owners. This is the foundation of dropshipping. Most dropshipping stores cater to multiple product niche. This is strategic because some items may not be as trending, or result in a higher income compared to the rest.  

One benefit of dropshipping is the flexibility to sell multiple product niche at once on your online store. Because there is no inventory needed, all you require is a reliable supplier to give you access to hundreds of products online without worrying about a warehouse. 

Targeted Advertising Strategy
Another crucial part to consider in becoming successful in dropshipping is the way you do your advertising.  While product niche acts as the foundation of dropshipping, advertisement is the life of dropshipping. The competition as it is too tight and crowded, many dropshipping store owners invest most of the revenue to advertising. 

Luckily, there are several ways to advertise your store. Thanks to technology, we can reach thousands of potential customers by using the internet. We have cited ways to promote your dropshipping business and listed ways you can effectively promote your store. Here you can find interesting ways How To Advertise Your Dropshipping Store. 


Highly Trained Customer Support
Customer service is everywhere. We cannot eliminate customer service in any type of business. The primary reason why we have a business is that we offer products and services to our customers. This is not only applicable to hospitality services, food industries, travel, and leisure. Customer support is also essential to the retail business.  

Customers will always ask questions about products and services. The customer service team works as the front liner and represents the business. One of the major roles is to answer queries. Their role is to ensure that customers are happy with the service, and the products a business provides. 
Policies, rules, and regulations are outlined in any business to ensure fair retail practice that protects consumers and business owners.   That makes training customer support team very important. Proper customer handling is really necessary that it could create a good impression, maybe the worst experience for the customer.  

In dropshipping, there are a lot of ways customer support is needed for.  Some of the many supports required in dropshipping is Taking Care of Out of Stock Products, Dealing with Returned Items, etc. 

Competitive Product Pricing
In a sea of competition, the price difference of each product is what will matter to customers. As a consumer, we want to give our money’s worth. We cannot sell items at a more expensive amount especially that competition is very high in dropshipping. Otherwise, you will not be able to sustain the business.  

To make it easier for some dropshipping business owner, a helpful tip would be to check the price list of your competitors. You may adjust your price list at a competitive rate. This means you can lower your price while still earning money. Or check any ongoing promotions available.  

To help us with setting up the margin on each product, let us help you to determine What is the Average Margin in Dropshipping.  This will give you an idea of the methods you can use to set a margin on the products you want to sell online. 

Well Researched Business Plan
Getting into the business is easy given that you have all the knowledge you need to put up your own. In modern technology, data can be accessed easily by anyone. It would only require your internet connection and computer. However, this is a part that is missed most of the time.

Dropshipping, compared with other business models is convenient to set up. This is most likely one of the simplest because you do not need upfront costs and inventory. With these reasons, many are generally encouraged to begin their business in dropshipping.  

This is not advisable. As mentioned in one of our posts: Why Most Dropshippers Fail, those who got too emotional to start dropshipping and quit because they did not get the outcome they expected is one of the major reasons why a dropshipper fails.  

Catchy Store Website
Although a catchy store website is not a requirement when selling, it is going to make a difference if you have a nice looking website. Customers are more likely to visit the website if it is appealing.  Plus, it will attract buyers more if you have engaging promotions. 

These are just some tips to overcome common challenges in dropshipping. Although these do not guarantee confirmed results at least it can guide and give ideas to be more effective in dropshipping.