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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.

Wholesale

Posted by Nedina Gjorgjieva | March 31st, 2022
source high-end brands the modern way Your wholesale buying experience becomes effortless today. Get your free account Wholesale refined. We establish a seamless integration between our user-friendly marketplace and direct-to-consumer delivery services. Get your free account 01 Pick & choose the products for your business 02 Place your bulk order online with one click 03 We'll deliver the products to you 04 Start selling right away A different perspective on wholesale buying Maximize your business potential with BrandsGateway’s unique approach. 01 Wide-ranging ordering options Wide-ranging ordering options Navigate through stocklots, pre-orders, and standard product selection. 02 Exclusive wholesale discounts Exclusive wholesale discounts Stock up on inventory while keeping your costs down. 03 Effortless shipping and tracking Effortless shipping and tracking Enjoy hassle-free logistics every step of the way, from order confirmation to delivery. “ "The experience I have with BrandsGateway’s team is perfect. The inventory you have is a great fit for my business and my customers. I plan on expanding my sales channels hence the potential to sell your products is going to be huge!" George Tsangarakis CEO GT Tsangarakis Group “ "The experience I have with BrandsGateway’s team is perfect. The inventory you have is a great fit for my business and my customers. I plan on expanding my sales channels hence the potential to sell your products is going to be huge!" George Tsangarakis CEO GT Tsangarakis Group Unveiling the numbers behind our dropshipping & wholesale success Dive into our dropshipping and wholesale platform. From luxury brands to customer reach, we unveil the statistical backbone powering our success story. 1300+ Registered Resellers 15,000+ SKUs 20,000+ Luxury Products 300+ Luxury Brands Our catalog Start selling over 20.000 products from more than 100 luxury brands. View catalog Clothing Explore the catalog Shoes Explore the catalog Bags Explore the catalog Watches Explore the catalog Don’t just take our word for it Our clients' success stories speak volumes about the impact BrandsGateway has had on their businesses. Read our success stories Let's talk To request a demo call, fill out the form and we will get back to you promptly. Meet the team Meet the people that will guide you through and answer all of your questions. Emilija Monika Anastasija Michael Frequently Asked Questions How can I place a wholesale order on BrandsGateway? By registering on BrandsGateway for free, you can browse through the product catalog of luxury fashion items we offer for wholesale buying and place an order. Do you have a minimum order quantity (MOQ)? For wholesale orders, our Minimum Order Quantity (MOQ) is €1,000. Are the products you sell original? All products we have in our wholesale fashion catalog are 100% authentic products and are purchased directly from the brands, licensees, or official authorized distributors. Will I receive a tracking number for each wholesale order? DHL, FedEx, and UPS tracking numbers are uploaded to your BrandsGateway account, you will receive a notification once your order is completed. Are VAT charges included in the price? While purchasing a dropshipping subscription, for countries within the EU, it is most likely that there will be a VAT charge. VAT charges can be avoided if you have a valid VAT number. VAT charges apply to all inventory orders. Do you accept returns? Our return policy allows returns within 7 days from the delivery date. Please note that wholesale buyers can request a return only for damaged and wrongly shipped goods. How long does it take for the wholesale products to be delivered? With economy shipping, for all wholesale orders, we ensure delivery within 3 business days within the EU and 5-7 business days to locations outside the EU. With express shipping, for all wholesale orders, we ensure delivery within 1-2 business days within the EU and 2-4 business days to locations outside the EU. Will I need to pay taxes and duties for my wholesale order? Import duty or tax costs, if any, will be invoiced to you directly from the freighter company appointed by you. For more information please contact the local customs authority as each country has different customs regulations. Let’s transform your business together today See wholesale prices by creating a free account Create a free account

Dropshipping

How to Use YouTube Ads for your Dropshipping Business Promotion

Posted by Dimitar Alimaskoski | February 11th, 2022
Getting to know the world of YouTube ads is one of the smartest ideas if you’re running an online business or if you’re planning on running one. Whether you’re a dropshipper that wants to wider its audience, an online boutique that wants to increase its engagement and boost sales or you’re just preparing your penetration strategy, using YouTube ads as means of promotion will greatly contribute to your overall success. Let’s be honest! Online platforms like YouTube, Facebook, Instagram, Pinterest, Twitter, and others are some of the most used services for bolstering the imprint your business makes and advancing the engagement rates with your potential clients. In fact, these platforms serve as a natural habitat for the millions of ads generated daily. YouTube isn’t any different. As part of the Google Ads platform, YouTube Ads uses practically the same interface and offers a somehow familiar experience if you’ve previously used the Google Ads platform for the promotion of your business. Needless to say, it’s far more suited for beginners rather than Facebook, per se. It’s a fact that many businesses are turning to Facebook in order to reach their desired results. However, Facebook has become a bit overbearing with its constant change of policies due to numerous issues that arose through the years. So, in order to evade this constant turmoil, many marketers changed their game and started using YouTube as their main platform for ads. In this article, we’re going to cover the topic of YouTube ads, how they actually work, and how to find their best use in order to generate results. Therefore, if you’re interested in finding out this and a bit more, you’ve come to the right place. Read on!

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