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Dropshipping

Dropshipping

Is Dropshipping Really Worth it? 3 Facts That Prove its Profitability

Posted by Nedina Gjorgjieva | July 12th, 2022
As the eCommerce industry has been taking over the globe at full speed, billions of businesses have been following in its footsteps, switching from executing functions while being physically present at their workplace to a convenient online work mode. The reasons behind this unanticipated fast change are numerous, to which we can add the vast development of the digital world, causing things in the eCommerce retail section to really start evolving abruptly without any warning. You can learn further about this by checking out these dropshipping statistics. Once modifications started taking place, entrepreneurs quickly began altering their business plans so that they’d allow them to do their jobs remotely while still enabling them to accomplish their tasks and reach their targets efficiently. One such business model that has been turning heads for quite some time now is the dropshipping method, both the traditional and reverse dropshipping form. Despite the excellent reputation dropshipping is enjoying, there’s still one question that has made people feel suspicious and insecure about launching a dropshipping store: is dropshipping worth it? So, in order to put your minds to rest, we’ve gathered a few facts that illustrate this model’s profitability and have supplied you with a couple of statistics to support our points of view, as well as a detailed clarification of what is dropshipping. 

Dropshipping

SKU vs. UPC: How to Use Them in Your Dropshipping Store

Posted by Nedina Gjorgjieva | July 7th, 2022
“Being properly prepared is one of the biggest assets in business,’’ claims Keeth Smith, words that’ll keep on ringing true for eternity. In the eCommerce industry, such as the dropshipping sector, this motivational quote particularly highlights the importance of organizing your next steps and managing your store in an efficient way. However, in order to successfully accomplish this, there are a few things dropshippers and other eCommerce owners are bound to pay attention to. This article focuses on two acronyms many are likely to have heard about but up until now couldn't wrap their heads around their purpose and meaning. We are talking about the terms SKU and UPC. Most sellers are aware that these two names have a massive role in product tracking but only a handful of them truly understand why are they so significant for their businesses. In the following sections, we’ll be “dissecting’’ this subject thoroughly, delivering you rigorous definitions and accurate examples, and bestowing you with simple clarifications on why you need to use them in your dropshipping store.

Dropshipping

A Guide to Dropshipping Designer Watches

Posted by Nedina Gjorgjieva | July 4th, 2022
Watches are a timeless accessory people don’t only wear for fashion but also for practical purposes. When you think of it, they’re one of humanity’s greatest achievements, a brilliant invention that helps us manage the vague concept we call time. They come in different forms and sizes, including the convenient wristwatches popular in the fashion world. Having in mind this handy nature of theirs, watches will continue to dominate in the accessories collections, never going out of style and only becoming improved and upgraded.  Having already supplied you with in-depth guides on dropshipping designer bags, designer sunglasses, and designer shoes, it’s about time to teach you a few things about dropshipping designer watches. Without further ado, we’ll jump right into the topic, offering you information regarding the product’s profitability, helpful advice about picking out a supplier, and reliable research regarding the most trending watch brands to dropship from.

Dropshipping

A Guide to Dropshipping Designer Sunglasses

Posted by Nedina Gjorgjieva | June 24th, 2022
Sunglasses represent essential accessories that can effortlessly pull up any look together. Having been available in a large number of designs and forms, nowadays they’re some of the most versatile fashion products worn by people of all ages. Despite being highly fashionable, their popularity is also a result of the fact that they provide an extra layer of protection for our eyes against the harmful effects of UV rays throughout all seasons of the year. Thus, a good pair of shades doesn’t only give people a stylish look but also shields them from the damaging consequences of the sun. Being mindful of this, selling sunglasses in your online boutique can bring you quite a few advantages, particularly if you offer not any kind of shades, but branded shades. In the following sections of this article, we’ll elaborate on the topic of dropshipping designer sunglasses, give you tips to be aware of when discussing business with a supplier, and provide you with examples of the most popular designer sunglasses brands your dropshipping store should be supplied with.

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.

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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.

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