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Dropshipping

Dropshipping

15 Ways Dropshipping Store Owners can Lower Facebook CPM

Posted by Nedina Gjorgjieva | June 14th, 2022
Advertising is one of the main strategies that allow dropshipping store owners to introduce their product collections and get in touch with their customers. Without it, it’s very unlikely for their dropshipping stores to reach out to a larger audience and expand their business to bigger markets. Just like Steuart Henderson Britt remarked, “Doing business without advertising is like winking at a girl in the dark. You know what you are doing, but nobody else does.” Having this quote in mind, advertising, and especially social media marketing, helps you bring your store to the surface and increase your brand awareness. With Facebook generating over 100,000 million USD in ad revenue in 2021, it suffices to say that this social platform is among the most used apps for promoting purposes. It allows dropshippers like yourself to create appealing Facebook ads for dropshipping and run them simultaneously on both Facebook and Instagram and as of recently, even on TikTok.  Find more statistics at Statista However, just like with any other type of marketing, you’ll have to incur fees in order for your ads to be displayed across the internet. One way that Facebook assesses your ad costs is through the CPM measure, one of the many Facebook ad metrics. The lower your CPM is, the more money you save. In this article, we’ll define Facebook CPM and teach you how you can calculate it. But most importantly, we’ll furnish you with 15 tips that’ll assist you on how to lower it and prevent it from increasing.

Dropshipping

30 Examples of Successful Dropshipping Fashion Stores to Inspire you

Posted by Nedina Gjorgjieva | June 10th, 2022
Inspiration is not always easy to find. Many times when we have no desire to go forward with something we turn to motivational quotes or ask for advice from friends and family. This applies to everything we do in life, including situations where we’re working on launching a clothing dropshipping store, but have been stuck for days trying to figure out ways in which we’d be able to attract customers and build a successful online business.  Platforms such as Shopify and other alternatives have become quite popular web-building sites, offering entrepreneurs a place where they can create their stores from scratch and design them according to their own preferences. But regardless of the amazing assistance these platforms provide, sometimes we still might find ourselves needing a little nudge to get the job done. Competitor analysis is one way of getting your creative juices flowing, inspiring you to build an eye-grabbing website for your dropshipping boutique.  Therefore, with the intention of getting your imagination and motivation back, as well as keeping you up to date with all the latest dropshipping trends, we’ve selected 30 successful dropshipping stores to guide you through the process of establishing your own dropshipping business and inspire you to find ways in which you can promote your online clothing boutique.

Dropshipping

A Guide to Dropshipping Designer Bags

Posted by Nedina Gjorgjieva | May 25th, 2022
The dropshipping business model has been grabbing the attention of many prospective entrepreneurs interested in starting their own online business and there’s a very good reason for that. Dropshipping is a low-cost business that doesn’t demand huge investments and, with the recent development of automated dropshipping, it has been transformed into a low-maintenance business as well, managed mostly by automatic features instead of running manual tasks on a daily basis. However, despite the advantages of this business model, not every niche of products can be dropshipped successfully. This is why a lot of store owners decide on selling items that are guaranteed to bring them great profits such as designer apparel products. Taking into account the clothing pieces people are seen wearing non-stop, one idea would be offering well-made designer bags.  Therefore, in the following paragraphs, we’ll be providing you with a detailed guide on dropshipping bags, particularly designer ones. You’ll learn about the segment’s profitability, get informed about the things to keep in mind when picking out your supplier and get an idea of which are the most lucrative types of designer bags your dropshipping store should definitely put on display.

Dropshipping

How Important is Setting your Own Dropshipping Profit Margins

Posted by Nedina Gjorgjieva | April 29th, 2022
Managing a dropshipping store involves several essential duties, including taking care of order processing, dealing with delivery services, taking charge of product advertisement, understanding the difference between SKU vs UPC, and creating such product identifiers, to name a few. It’s important that all of these tasks are carried out successfully so that your dropshipping business can prosper and generate great profits. However, regardless if you're following the traditional or the reverse dropshipping model, to be able to reach the desired dropshipping income, you must pay attention to something of equally great importance - setting your profit margins. In simple terms, the profit margins define your business’s financial gains. If they’re high, you’d benefit from bigger revenue. If they’re low, clearly, you’d get smaller earnings. In order to establish profit margins that would be to your dropshipping store’s advantage, you’d have to take into account the wholesale price of the product as charged by the supplier, the retail price you’ve set, and any type of expenses you might endure, such as shipping costs, as well as consult price comparison websites. However, if you’re a newbie to dropshipping, we won’t blame you if you get lost in all of this information. Calculating profit margins can seem complicated and confusing at first. That’s why we’ve put together this article to provide you with all the key details you need to know when determining your profit margins. In the following parts of the article, we’ll give you a thorough definition of what a profit margin represents and how you can easily calculate it. However, we’ll focus on elaborating on the importance of designing your own profit margins and how that can have an effect on your store.

Dropshipping

Automatic Order Placement: Why it’s Crucial for a Successful Dropshipping Store

Posted by Nedina Gjorgjieva | March 25th, 2022
Sometimes dropshipping businesses do need some help in managing their workload. From taking orders and forwarding them to the supplier to dealing with payment methods, taking care of customers, generating UPC and SKU codes, and making sure packages have reached their final destinations. We only have so many hours in one day to run through all the tasks which a lot of the time makes it impossible to take care of everything before the workday is over. Fortunately, artificial intelligence has been slowly but surely making its way to dropshipping. The fast-paced world we live in today has made it possible for dropshipping technology to progress significantly. Getting rid of the inconvenient manual system and replacing it with much more practical software that can easily accomplish most work-intensive tasks has been remarkably beneficial for dropshipping owners. With taking so much load of responsibilities off their hands, automated dropshipping has become the leading management system for many dropshipping stores. Now, they can have at their disposal a computer program that converts a considerable number of hand-operated assignments into tasks that are effortlessly executed automatically. One such essential feature of the automatic dropshipping system aside from the feature for automatic inventory updates is the automatic order placement. In the following sections of this article, we’ll discuss the benefits and explain why automatic order placement can tremendously ease up the job of any dropshipper.

Dropshipping

Automatic Inventory Updates: Why it’s Essential for your Dropshipping Store?

Posted by Nedina Gjorgjieva | March 9th, 2022
Running a dropshipping store be an incredibly demanding and time-consuming job, leaving dropshippers often feeling overwhelmed and stressed out. Working with suppliers and processing orders while at the same time managing payments and inventory turnover, recognizing upc vs sku codes and generating them, and, on top of everything, dealing with customers can be a lot to handle at once, especially if working alone. Luckily, in recent years the dropshipping business model has evolved tremendously, offering entrepreneurs the much-needed help and making it possible to tackle any duties effortlessly. Thanks to automated dropshipping, store owners are no longer preoccupied with millions of errands. Instead, they have full-time assisting software to lend them a hand and take over part of the chores. In that way, dropshippers can pay closer attention to other areas of their business and make sure customers are well taken care of rather than spending unnecessary time completing tasks that can easily be sorted out by computer programs. This technology has conveniently replaced the outdated manual dropshipping system by programming most hand-operated tasks and enabling dropshipping store owners to perform them through a simple button click.

Dropshipping

The Ultimate Guide to Branded Dropshipping

Posted by Dimitar Alimaskoski | March 2nd, 2022
The human race is currently living in a fast-paced world that's literally flooded with all sorts of brand marketing. In fact, more and more businesses are constantly trying to steal a piece of the marketplace using marketing as a way of competing with other participants. Dropshipping businesses are also starting to take over a big part of the market, getting valued at $557.9 billion by 2025 with an incredible CARG of 28.8%, as stated by Grand View Research. However, although dropshipping is quite a specific eCommerce model providing a safe entry into the market, dropshippers should still carefully choose their niche as well as their branding. This is because dropshipping branded items can help in market differentiation and provide a solid ground for future profits as proved by many eCommerce statistics. Brands are an important asset to a successful business venture and have become the ultimate weapon in the eternal battle for market penetration. Having this in mind, dropshipping products from renowned brands can definitely change the mind of consumers and make them more prone to making a purchase. Therefore, let’s see some of the reasons why you should definitely choose to dropship branded items.

Dropshipping

11 Best Amazon Dropshipping Suppliers

Posted by Nedina Gjorgjieva | January 26th, 2022
Dropshipping can be quite an eye-catching option for potential entrepreneurs interested in entering the world of eCommerce. There’s no need of keeping a full-stock inventory, taking care of packaging, or worrying about on-time shipping as all of your orders are delivered by suppliers. This makes it an ideal low-risk choice that doesn’t require huge investments, yet still, with the right strategies, can assist you in securing a prosperous future for your online business. With over 200 million visitors per month, Amazon, one of the largest marketplaces, lately has been drawing the attention of prospective dropshippers. Taking into account the fact that up to 33% of Amazon sellers have adopted dropshipping as a beloved business model, newbies are more than ever tempted to join the Amazon team of successful business owners. Moreover, up to 85% of Amazon sellers have reported that their businesses have been incredibly profitable, making the platform a great source of income that online sellers just can’t afford to miss.

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