Dropshipping is a fantastic way to sell items online, without having to pile them up in a corner. Manufacturers do the leg work by creating, packaging, and shipping all of the products you wish to sell out to your customer. This means that this low maintenance business model allows you to sit back, relax, and reap the rewards.
In this dropshipping guide, we’re going to discuss what dropshipping is, why you should do it, and 5 tips to get you well on your way to dropshipping success.
So, without further ado, let’s dive in!
What Is Dropshipping?
First things first, dropshipping is a business model that revolves around running an online store, but you don’t actually hold any inventory. Once a sale is made via your website, your dropshipping supplier will automatically ship your products from their warehouse, directly to your customer’s doorstep. The best part? You’ll never have to stress out about storing items, buying packaging, or shipping merchandise.
Why You Should Dropship
If you’re looking for an opportunity to make a profit that is low risk, low cost, easy to start up, can be done from anywhere, and can be fully automated; the question really should be something more like – why shouldn’t you dropship?
Let’s break it down:
- Low Risk – You don’t put in any unnecessary investments. The only time you spend your hard-earned cash is when goods are sold to customers. Whilst it may be cost-effective to buy in bulk in order to save costs, a dropshipping tip that many people aren’t aware of is that dropshipping prices are already low. This means that the risk stays low as the automated process allows the order to be placed only when the customer requests it.
- Low Cost – As dropshipping revolves around sourcing products from China, the cost of most items will generally be low. This is essential when it comes to dropshipping success as you’re able to run a profitable business.
- Easy to start – Sign up, and start selling the exact same day. Products can be imported quickly, and since you don’t have to carry the inventory, you can start to promote them straight away.
- Automated business – If you use the right supplier, ordered items can be imported to your customer, and be processed, in just a few clicks. Especially while using platform, they’re the epitome of easy and profitable dropshipping. You’re able to carry your laptop with you, and travel anywhere in the world while you roll in the cash with this passive income.
5 Tips to Ensure Dropshipping Success
Dropshipping Tip 1# Become a Master of Marketing
One of the biggest dropshipping tips is that you should make marketing a priority. Since your business is mostly automated, you’ll have so much more time to focus on the marketing and branding aspect.
Marketing is probably the biggest key to dropshipping success, so you’ll definitely need to spend more time learning how to grow your traffic, master advertisements, target the right audience, and convert visitors.
It’s important to keep in mind that your eCommerce store should convert at a rate of 1-2%. This means that if you have less than 100 visitors, you probably won’t get any sales. The more traffic you can get to your store, the more likely you’ll convert sales and increase your profit margin.
Make sure you’re asking yourself the following questions – is your website optimized for conversion? Are you using urgency to convince people to purchase items from your store? Did you make yourself credible by adding customer reviews? Does your website attract customers with beautiful images on the homepage?
There are so many things to consider, but marketing your product correctly will ensure you gain dropshipping success.
Dropshipping Tip 2# Don’t Underprice Your Products
When you use dropshipping suppliers like HyperSKU to dropship your products, you’ll be able to maintain a lower product cost. The cost of goods is usually close to wholesale prices. This allows you to sell your items at market value and bring in that much-needed profit.
Your goal in this new venture (like any) is to make money. If you choose to sell a product for $5, you should be charging at least $19.99 for it. You should consider the cost you’re paying for your items, marketing and business expenses, and eventually, the team you will also have to hire to help you out with all of your dropshipping needs.
Something to bear in mind is that if your competitors start to undercut their prices, don’t follow them. Make sure to always keep your prices fair, and study the market to ensure you stay well within its value.
Dropshipping Tip 3# Create Offers That Can’t Be Refused
When you’re shopping online, what is the biggest thing that drives you to purchase a product without even thinking about it? You guessed it – sales!
If you fail to include sales or bundles into any of your products, you may find that people lack the motivation to purchase from you. On the other hand though, if you manage to attract consumers with the right deal, you’ll be more likely to convert them.
Dropshipping Tip 4# Automation Is Key
When you use dropshipping suppliers like HyperSKU, you’ll find that some of the most important aspects of your business will be automated, and with only a 2% handling fee. This all in one dropshipping solution acts as your supplier, fulfillment handler, and virtual assistant. With this, you’re able to save money, reclaim valuable time, and improve efficiency.
But that’s not all.
By working alongside the team, you’ll be able to thrive in dropshipping success, and generate a solid passive income for yourself. As they help you to automate most aspects of your business, you’ll find that you’ll have more freedom to pursue your passions.
Dropshipping Tip 5# The Presentation of Your Website Matters
An important dropshipping tip is to ensure that your website is user-friendly, organized, and beautifully designed. One of the most compelling things that drive customers to a sale is the design of the supplier’s website.
Let’s face it, if your website is missing images, and your text is all lumped together, you can pretty much guarantee you’re going to struggle to close sales. After all, if you can’t even organize your website, how can they trust you to deliver a good quality product?
Tip? Take a look at your competitor’s websites. Don’t copy it, but take ideas for inspiration. What does their homepage look like? What format or theme are they using? Do they staple their logos on their images?
Nail the website, and you’ll be well on your way to sipping margaritas poolside whilst the sales roll in!
The Reliable Dropshipping Supplier
Some of them provides your dropshipping business with new concepts. Unlike many out there, they are reliable, they have a solid reputation, and on top of it all, they allow your business to thrive in ways you never imagined with their incredibly low costs and all-round service they provide.
You can check out HyperSKU by clicking here. Trust us, you’ll never need another dropshipping supplier again.