Hey Everyone, just to let you know that I’ve received payment for this post, I hope you find the information really helpful.
Drop shipping is huge nowadays and it is a convenient and profitable way of making money online. What makes it great is that you don’t need to physically hold onto any stock and you only pay for what you sell. There are several factors that contribute to running a successful drop shipping business that are discussed below, along with some more of Oberlo’s suggestions to help you.
1) Find suppliers who offer the best price.
Take your time and do your research on which companies are offering the best priced goods. A lower price means you can sell at retail or less and still make good profits. Of course, it is not all about price. Try and find a balance between reputable companies with good reviews and the best prices available.
2) Create amazing offers
Check the competition – what are they offering? What can you do to make your products more attractive to consumers than them? Keep in mind things like pricing, shipping costs, multi buy discounts and freebies. What can you do to make your product offers better than your competitors?
3) Master marketing
There are many approaches to marketing that will make your business successful and we can’t look at all of them but here a few that have been proven to be successful:
Social media ads that target your potential buyers
Email pop-ups on your website to add people to a mailing list
Getting into the habit of upselling and cross selling wherever you can
Creating a blog to drive customers to your site
4) Create a very presentable website
Your customers will be interacting with your business almost entirely online. As such, the better your website is the more money you are going to make. Nowadays making a website yourself is relatively easy but consider how good yours is or will be. Check out the competition for ideas and think about a website you would buy from. The easier your site is for visitors to navigate around and the more professional it looks then the more likely people will be to buy from you.
5) Offer good customer service
Bad customer service can ruin a business so offer the absolute best that you can. Respond to queries and sales as soon as possible. Never forget to follow anything up because an unhappy customer will never forget, and they won’t hesitate to give your business negative feedback. On a more positive note, good feedback and reviews will inspire trust in other potential customers and will lead directly to more sales.
