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Let me break the ice on the most rising question nowadays which is " ???? ???????????????????????? ?????????? ?????????? ???? ???????? ???? ?????? !!??
My answer is ??????!
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Dropshipping has little start-up costs, can be extremely lucrative and eCommerce is growing exponentially, making this a great option for people wanting a change. It’s not, however, as easy as many gurus make it seem and will require time and effort to succeed.
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Yes, the Dropshipping profit margins can be thin if you’re Dropshipping on eBay and Amazon where competition is fierce, however, if you dropship on your Shopify store, profit margins can be high. Products valued under $30 should be sold for 3 times the cost price and products valued over $100 should be sold for 2 times the cost price.
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The reason you want to be selling at these margins at a minimum is that you’ll have a number of costs including advertising, shipping costs, refunds, VA costs, and payment gateway fees. To make sure you’re making a decent profit for yourself, you need to take all these costs into consideration.
These margins go up further again if you create a brand around your products and store. You can charge a premium price for a branded product as it now has a perceived higher value. Especially if your website is made to look like you are the creator of the product.
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If you’re a beginner and want to know if you can become rich from Dropshipping, the answer is YES, if you think it’ll be easy, the answer is NO. To become a millionaire from Dropshipping, you need to create a BRAND and become an authority in your niche to increase the perceived value of your products.
Creating a brand around your store will give your customers a better experiencing and keep them coming back. This can only really be done with quality products and fast shipping, something you don’t associate with AliExpress Dropshipping.
I love to hear people who are entering this with the goal of becoming rich, this means they are going to take it seriously and put in the time required to be successful. If you think Dropshipping is a get-rich-quick scheme, you’ll be disappointed.
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When you see the increased interest in Dropshipping over the past 5 years, the obvious question is “Is it too competitive?”
????, Dropshipping is not too competitive. Beginners are entering the Dropshipping world every day and making money, proving it’s far from competitive.
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The recommended budget for Shopify Dropshipping in Western Countries (US,CA,UK,AU) is ????????$-????????$ - The more the better!
P.S ???????????? ??????’?? ?????? ???????? ????? ???????????????? ???? ?????? ?????? ?????????????? ???? ???????? ?????? ?????????? ???????????? 500-1000$, ???? ??????? ?????????? ??????’???? ???????? ?????????????????? ???????? ?????? ???????? ??????????.
Let me share the estimated cost breakdown,
?????????????? ????????????????????: 29$/m
????????????: 14$/year
?????????? ??????????????????/????????/??????????/??????????/??????????????????: 300-400$
?????????????????????? ?? ?????????? ????????????????: 200-400$ for LTD or 600-1000$ for LLC depending on the state (Optional: You will not have to bear this cost if you already have a registered business entity)
???????????? ?????????? ???????????????? ???? ??????????: 50$
???????????? ?????? ???????????? ?????????? ??????: 60-70% of the investment for marketing.
However, there is no certain limit to how much the budget for ads should be but to give an estimate at least start with a budget of 1200$+ per month.
(Note: To find a successful product for Dropshipping it requires a lot of testing. It is possible that you might not start seeing any result by 500$ ad spend)
?????????????? ?????????????? ?????? ?????????????????? ?????????????????? ???????????????? play a vital role in the success of a branded Dropshipping store.
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A ?????? ??????, you can easily flip a branded Dropshipping store on various marketplaces and also on Facebook groups, There are a lot of potential buyers who are looking forward to buying a well-established store.
I think it's enough for today in my upcoming posts I will discuss the latest product hunting techniques and trends, aesthetic storefront development, and marketing strategies.
So just keep these points in mind and feel free to ask any query in the comment section I will gladly assist you all.