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Drop shipping has been one of the most popular ways to start a business online. In this video, I will show you the 9 simple steps to get started and build your own store with almost no money required.
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ADDITIONAL NOTES:
Understanding dropshipping
Finding a niche
People with disposable income who are passionate about something
Dog lovers, fitness, home chefs, homesteaders, glampers, house appeal
Finding a product
60% margins
Cheap to ship
Expensive products are better
Appeal to impulse buyers with disposable income
Use Google Trends to compare products and see what is searched
Repeat purchases or subscriptions would be amazing
Do competitive research – who else is selling? How can you be better?
E.g. wallplates
Create branding
You may start with just the product, but branded dropshipping should at the very least be your goal, if not your first step here
Setting up a store
Finding your supplier
Find your customers
Test A/B ads or organic traffic
Analyze and optimize your ads, store, and FOCUS ON THE CUSTOMER EXPERIENCE
The end goal is to hold inventory
KEY QUESTIONS TO ASK
Do something different. Why can’t anyone else make this store and out-compete you? Or at least steal a huge chunk of your sales or even drive margins down?
Do customers like the product & buying experience? Avoid getting shut down by PayPal or Shopify (too many returns)
What do your product reviews say? (especially the negative ones)
Once you find a homerun product, how can you scale horizontally? What peripheral or similar products would sell well as add-ons? These may also reduce shipping costs
DISCLAIMER: This video and description contains affiliate links, which means that if you click on one of the product links, I’ll receive a small commission. This helps support the channel and allows us to continue to make videos like this. Thank you for the support! Everything in this video is based on information we learned from online resources, our own experience, and books we have read. Please do your own research before making any important decisions. You and only you are responsible for any and all digital marketing decisions you make. Thank you for watching!
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