• Dropshipping

    What to Know Before Getting into Dropshipping

    A dropshipping business is a low-risk, low-investment business model. You simply open an online store, accept orders from customers, forward those orders to your fulfillment partner, and they ship it to the customer. You profit on the difference between what you sell it for and what you buy it from your wholesaler for.

    You keep your costs down by not needing to rent warehouse space, stock goods, or worry if inventory is selling. Shopify is one of the biggest sites for dropshipping and has nearly half a million online stores to brag about. Here are some reasons why you may or may not want to consider dropshipping with Shopify.

    Dropshipping with Shopify: The Good

    Easy Setup

    It’s easy to set up shop on Shopify. They have a library of pre-made storefront themes for you to choose from. And if you don’t like any of the prefab content you can pay to unlock more.

    Apps

    Shopify has a huge stockpile of apps that are convenient and effective. There are apps for everything like customer service, shipping tracking, report creation, and social media management. You can even pay to have custom apps created just for your store’s needs.

    Social Media Integration

    Shopify makes it easy to link from a Facebook page, Pinterest, Instagram, or Twitter. That means that you can sell items across many platforms. You may already have one or more of these pages and you can link them up right away. This really helps you get your product in front of more faces.

    Great Customer Service

    While it is easy to set up and get started, things don’t always go according to plan. That’s ok because Shopify has around-the-clock customer service support either by phone or webchat. Many tutorials can be found on the site to tackle common issues and there’s even a forum where you can search for posts that fit your needs.

    Built-In SEO

    Shopify integrates search engine optimization into your site. You can add tags and descriptions of your products to help them link up to google searches. Increased search links means your store will come up more often during searches and drive more traffic to your online store.

    The Bad

    Dropshipping is VERY Competitive

    While you think you’ve had a one-in-a-million idea for your dropshipping store, chances are somebody’s beat you to it. This is where you’ll have to get creative with your storefront, your marketing plan, or your products to give you an edge. It also means that you’ll have to keep margins thin to compete with other sellers.

    Payment

    While Shopify doesn’t require that you use their payment system, they do add a 2% fee to use other payment platforms. This is on top of whatever your other process charges you. PayPal is the largest payment solution worldwide and charges a 5% fee to use its service. You’re looking at a 7% fee on an already tight margin this way. Sadly, you can’t ignore PayPal, they account for nearly a third of online transactions.

    Costs

    You can try it out for 2 weeks free, then the fees for a basic setup will set you back $29/month, which is not unreasonable. However, this still cuts into the profits. The lower-end plans incur higher transaction fees for payments. Once your business takes off you can reduce these fees by enrolling in a higher tier but it’ll cost you anywhere from $79/month all the way up to $2,000/month to do so.

    Limited Customization

    They do offer several created themes for your store, but if you really want to make it your own, you’ll understand why squarespace and Wordpress rule the roost when it comes to blinging out your site.

    Once They’ve Got You

    It’s tough to leave. Because Shopify hosts all your content and data, moving on is near impossible. You’ll drop on google searches, you’ll lose a ton of traffic, and getting your data out manually could take a lot of man hours.

    The Last Word

    Shopify is certainly not a bad choice for your dropshipping business. If you lack the experience or know-how, you can get up and running in no time. Despite this, it’ll take some hustle and some creativity to make it worth your while. If you think you can cut it on your own, get a domain, create a website and let it rip. Otherwise you can always let Shopify do the heavy lifting for you.

  • Online Business

    Ecommerce or Affiliate Marketing: What’s Better?

    If you are interested in earning money by developing your own online business then ecommerce and affiliate marketing are two of the greatest ways. What is ecommerce and what is affiliate marketing? They are both online platforms in generating a good market. But to understand and distinguish both of them is the first step you must consider in your business plan. If you want to make a hefty amount of money, then you must understand its paradigm first. How they are different from one another and which of these suits you best?

    What is Ecommerce and Drop Shipping?

    Ecommerce or drop shipping is the process of offering products to people via the internet. Some of the biggest and most known ecommerce sites in the world are Amazon, Ebay, Aliexpress, and Alibaba.

    With dropshipping, you simply list a product on your site, when a customer makes a purchase, you order that product from the vendor. The vendor will then in turn ship that to the customer. You don’t need to carry any inventory at all. This is why drop shipping is very popular with a lot of entrepreneurs looking to get into a startup business.

    These are most certainly the best examples and also the reason why you should want to develop your own ecommerce site. These companies earn millions of dollars each day. However, they are also the reason why you should not build your own ecom since you are participating in a competition of giants. This is not entirely true because many startup websites also earn large amounts with dropshipping even with a small store. This is because they offer products and services outside what big companies do not have.

    There are vast ways of making your website rise to the top. The strategy is the key. One of the best ways is offering customers free delivery if the production team is within their locality. Ecommerce is also good for entrepreneurial businesses where their products and services are new, profound and will not have to compete with the big companies.

    Setting up your own ecom sites enable you to earn more margin than an affiliate website. This can be good for businesses selling their own products and services that don’t distribute well. You will have stronger control since you completely own what you are offering. The best offer of ecommerce is that you earn really relatively well due to drop shipping. Drop shipping is directly purchasing merchandise from the manufacturer and setting the frontend price of your choice.

    What is Affiliate Marketing?

    Unlike ecom, affiliate marketing is only a gateway to products and services. Affiliate marketing websites redirect their customers to the product companies’ website and are then given commission. Although this might be more complex and harder to setup, it costs less than ecommerce websites. You will not be required to have large storages and will not have to worry about customer support since you will only be redirecting people to the brand’s website support.

    The setup can take quite some time but once it is done, you have taken yourself out of the process – talking about passive earning. This turns advantageous compared to ecommerce in terms of handling clients, storage of items and hassle-free management of offerings. You can also earn on purchased items not being shown on your website. You are accredited for a certain percentage when you successfully redirect a client to their website and thus making more while doing less. The best part of affiliate marketing is working from home with your own personal space and with much comfort. You get to choose which hours and how many hours you get to work. You will be able to work with ease and versatility.

    So Which one is Better?

    If you like to earn more with the products then you should do ecommerce. If you want to save time and energy you should go for affiliate marketing. To learn more about both models check out Drew’s Review, a site that reviews both of these business models and gives tips as well. If you are a company selling a limited type of items or products limited to a certain locality then go for ecommerce. If you like being comfortable and do not want to worry about deadlines and such, then affiliate marketing is suitable for you.

    Ecommerce offers higher margins and more control over the merchandise. Affiliate marketing brings you comfort and eases while being able to earn passively. Both of these two are great platforms in earning, but planning out and contemplate which one is the best for your situation is the key to get the most out of these online businesses.

  • Online Business

    What’s the Best Online Business?

    There are so many options when it comes to earning an income online in many different types of business models.  You could choose from affiliate marketing, e-Commerce, selling on Amazon, Ebay, doing a Seo for other people or businesses, or just make you websites.

    In choosing an online business you need to decide what is best for you.  Do you want to do work for other people?  If that is the case then you could get started today with either Fiverr or Upwork.  Both platforms offer you an opportunity to make money online through an array of different types of work.

    Perhaps you like to work alongside people such as a business owner.  In this case, you could start an SEO Agency or a social media marketing agency and market your services to them.  This will require a lot of social contact and sales.  If you are not comfortable with things like cold calling and dealing with people in public or on the phone then I would suggest you get into a business where contact with others is minimal.

    The number one business were you will have the least amount of contacts with people is with affiliate marketing.  Here, you simply review a product or service, grab your affiliate link and pasted on your website.  Of course there’s a lot more to this but when someone clicks on your link you will get a commission for what you are promoting.

    E-Commerce and drop shipping is similar but in this model there will be some degree of contact with people.  You will need to deal with customer service inquiries or when you are big enough you will have two train and manage your virtual assistants.

    The same wood go with selling on Amazon or Ebay – you will need to have some form of contact with customers such as complaints or questions.

    So as you can see, you should choose which business model you are most comfortable with.  The one business involves most contact with people would be some type of agency work whether it’s through SEO or social media.  Choose what works best for you.