SECRET Tips To Increase Profits With Shopify Dropshipping
Published on: December 6 2022 by Shri Kanase
SECRET Tips To Increase Profits With Shopify Dropshipping
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Table of Contents About SECRET Tips To Increase Profits With Shopify Dropshipping
SECRET Tips To Increase Profits With Shopify Dropshipping
| startTime | durationTime | text |
| 00:00:00 | 00:00:03 | yo what is going on everybody shiri |
| 00:00:02 | 00:00:06 | konosa here so |
| 00:00:03 | 00:00:08 | tips for running a profitable shopify |
| 00:00:06 | 00:00:11 | store in 2020 and onwards |
| 00:00:08 | 00:00:12 | now there's a lot of people on youtube |
| 00:00:11 | 00:00:15 | or facebook groups who post |
| 00:00:12 | 00:00:16 | big screenshots showcasing big sale |
| 00:00:15 | 00:00:19 | numbers but |
| 00:00:16 | 00:00:21 | the reality is behind the scenes profits |
| 00:00:19 | 00:00:21 | could be anywhere from one percent to 10 |
| 00:00:21 | 00:00:24 | percent |
| 00:00:21 | 00:00:26 | in some cases which are very rare 20 |
| 00:00:24 | 00:00:28 | however it looks like on the more common |
| 00:00:26 | 00:00:30 | side a lot of people are not as |
| 00:00:28 | 00:00:32 | profitable as a lot of people think and |
| 00:00:30 | 00:00:34 | this has become a more common issue now |
| 00:00:32 | 00:00:36 | in 2020 and onwards |
| 00:00:34 | 00:00:37 | simply because there's a lot of |
| 00:00:36 | 00:00:39 | increased competition because of the |
| 00:00:37 | 00:00:41 | lockdowns and people losing jobs |
| 00:00:39 | 00:00:43 | more people are wanting to jump into |
| 00:00:41 | 00:00:44 | online business to make money staying |
| 00:00:43 | 00:00:46 | home so it is kind of |
| 00:00:44 | 00:00:48 | a common thing that's a lot of people |
| 00:00:46 | 00:00:50 | who are already running shopify stores |
| 00:00:48 | 00:00:53 | may not be as profitable as they would |
| 00:00:50 | 00:00:54 | like to be and by the end of this video |
| 00:00:53 | 00:00:56 | i'm going to be you're going to know |
| 00:00:54 | 00:00:58 | enough on |
| 00:00:56 | 00:01:00 | how to turn your break even or maybe |
| 00:00:58 | 00:01:02 | even unprofitable shopify store |
| 00:01:00 | 00:01:04 | into a highly profitable shopify store |
| 00:01:02 | 00:01:04 | because there are a few things you have |
| 00:01:04 | 00:01:06 | to do right |
| 00:01:04 | 00:01:08 | in order to achieve these kinds of |
| 00:01:06 | 00:01:09 | results but without wasting any more |
| 00:01:08 | 00:01:11 | time let's just jump right into it so |
| 00:01:09 | 00:01:12 | the first tip that i have for you guys |
| 00:01:11 | 00:01:13 | is that |
| 00:01:12 | 00:01:15 | you guys should definitely smash that |
| 00:01:13 | 00:01:17 | like button down below for the youtube |
| 00:01:15 | 00:01:19 | algorithm it'll take just two quick |
| 00:01:17 | 00:01:20 | seconds and it will jump start you on |
| 00:01:19 | 00:01:22 | your shopify |
| 00:01:20 | 00:01:23 | profitability journey okay hopefully |
| 00:01:22 | 00:01:25 | you've done that but the real first |
| 00:01:23 | 00:01:28 | tip that i have for you guys is the |
| 00:01:25 | 00:01:30 | following allocate a specific budget |
| 00:01:28 | 00:01:32 | for each product test especially if you |
| 00:01:30 | 00:01:34 | run mostly with facebook ads |
| 00:01:32 | 00:01:36 | or choose one number and stik to that |
| 00:01:34 | 00:01:38 | number for the entire google ads |
| 00:01:36 | 00:01:40 | campaign if you specifically |
| 00:01:38 | 00:01:41 | want to run ads with google now what do |
| 00:01:40 | 00:01:44 | i mean by this exactly well |
| 00:01:41 | 00:01:44 | a lot of people fail to basically stik |
| 00:01:44 | 00:01:47 | to one |
| 00:01:44 | 00:01:48 | budget when they start running ads for |
| 00:01:47 | 00:01:50 | their store maybe they have a budget of |
| 00:01:48 | 00:01:51 | two hundred dollars or five hundred |
| 00:01:50 | 00:01:53 | dollars or a thousand dollars and as the |
| 00:01:51 | 00:01:55 | advertisement costs |
| 00:01:53 | 00:01:57 | start to rise up and reach their budget |
| 00:01:55 | 00:01:57 | they start to panic and they start to |
| 00:01:57 | 00:01:59 | make |
| 00:01:57 | 00:02:00 | all sorts of decisions which actually |
| 00:01:59 | 00:02:02 | puts them down on the wrong path and |
| 00:02:00 | 00:02:04 | when you start making these |
| 00:02:02 | 00:02:06 | decisions under a panic or stress what |
| 00:02:04 | 00:02:08 | happens is that your shopify store |
| 00:02:06 | 00:02:09 | does not perform as well as you want in |
| 00:02:08 | 00:02:10 | fact it could start performing really |
| 00:02:09 | 00:02:11 | really bad |
| 00:02:10 | 00:02:13 | simply because the decisions you're |
| 00:02:11 | 00:02:15 | making with the advertising platforms |
| 00:02:13 | 00:02:17 | may not be the right ones and this is |
| 00:02:15 | 00:02:19 | especially true with google because |
| 00:02:17 | 00:02:20 | google ads is a platform which requires |
| 00:02:19 | 00:02:22 | a lot more waiting |
| 00:02:20 | 00:02:24 | compared to facebook or any other |
| 00:02:22 | 00:02:26 | platform because it is a search based |
| 00:02:24 | 00:02:27 | platform when it comes to google you |
| 00:02:26 | 00:02:29 | want to be making changes |
| 00:02:27 | 00:02:30 | every seven days but that is not the |
| 00:02:29 | 00:02:32 | case for a lot of people who |
| 00:02:30 | 00:02:34 | start to panic once their budget's |
| 00:02:32 | 00:02:35 | starting to get depleted so you always |
| 00:02:34 | 00:02:36 | want to choose |
| 00:02:35 | 00:02:38 | one budget whether it is for facebook |
| 00:02:36 | 00:02:39 | ads and the budget we're toking about |
| 00:02:38 | 00:02:41 | is for each product test |
| 00:02:39 | 00:02:43 | or for google where the budget here is |
| 00:02:41 | 00:02:45 | for the entire campaign |
| 00:02:43 | 00:02:46 | which tests all of the products always |
| 00:02:45 | 00:02:48 | keep that budget |
| 00:02:46 | 00:02:50 | in mind and always stik to it because |
| 00:02:48 | 00:02:51 | if you just blindly start |
| 00:02:50 | 00:02:53 | running ads without having any type of |
| 00:02:51 | 00:02:54 | budget in mind or |
| 00:02:53 | 00:02:56 | you have a very very small budget it's |
| 00:02:54 | 00:02:58 | going to be extremely hard for you to |
| 00:02:56 | 00:02:59 | become profitable with shopify in 2020 |
| 00:02:58 | 00:03:01 | because now |
| 00:02:59 | 00:03:02 | it is true that the required budget has |
| 00:03:01 | 00:03:04 | significantly increased again because of |
| 00:03:02 | 00:03:05 | the competition |
| 00:03:04 | 00:03:07 | on all of these advertising platforms so |
| 00:03:05 | 00:03:08 | that is my first tip which is to |
| 00:03:07 | 00:03:10 | allocate a budget and then stiks to |
| 00:03:08 | 00:03:12 | that budget which brings me |
| 00:03:10 | 00:03:14 | to my next tip on the list and this tip |
| 00:03:12 | 00:03:16 | is learn the basics of |
| 00:03:14 | 00:03:18 | seo regardless of the platform you use |
| 00:03:16 | 00:03:20 | to advertise now you may be thinking |
| 00:03:18 | 00:03:22 | seo is more towards google i'm not gonna |
| 00:03:20 | 00:03:24 | run google so i'm not gonna do it |
| 00:03:22 | 00:03:26 | that could be the worst thing you do |
| 00:03:24 | 00:03:28 | simply because even with google ads |
| 00:03:26 | 00:03:30 | simply signing up for a merchant center |
| 00:03:28 | 00:03:32 | account enables you to start |
| 00:03:30 | 00:03:33 | running your ads for absolute free via |
| 00:03:32 | 00:03:34 | the services across |
| 00:03:33 | 00:03:36 | google program that google ads has come |
| 00:03:34 | 00:03:37 | up with recently so because of that |
| 00:03:36 | 00:03:39 | program |
| 00:03:37 | 00:03:41 | seo has become a hundred times more |
| 00:03:39 | 00:03:42 | important for you to do |
| 00:03:41 | 00:03:44 | for your shopify stores not only can you |
| 00:03:42 | 00:03:45 | rank via that program |
| 00:03:44 | 00:03:47 | but you can also start organically |
| 00:03:45 | 00:03:49 | ranking on the google searches |
| 00:03:47 | 00:03:51 | and with the ad costs going up |
| 00:03:49 | 00:03:51 | significantly every single day now |
| 00:03:51 | 00:03:53 | because |
| 00:03:51 | 00:03:55 | again of what's going on in the world it |
| 00:03:53 | 00:03:57 | may be a good choice to start learning |
| 00:03:55 | 00:03:58 | about seo maybe start implementing those |
| 00:03:57 | 00:04:00 | tikniques for seo within your |
| 00:03:58 | 00:04:01 | description because |
| 00:04:00 | 00:04:03 | in reality it doesn't really take a lot |
| 00:04:01 | 00:04:05 | of extra work you're already writing the |
| 00:04:03 | 00:04:06 | description you're already writing a |
| 00:04:05 | 00:04:08 | product title might as well make it |
| 00:04:06 | 00:04:10 | search engine optimized which is not as |
| 00:04:08 | 00:04:11 | hard as you think so that you can get |
| 00:04:10 | 00:04:13 | all of this free traffic coming in |
| 00:04:11 | 00:04:14 | because in 2020 and onwards |
| 00:04:13 | 00:04:16 | you really don't want to be stiking to |
| 00:04:14 | 00:04:18 | just one advertising platform |
| 00:04:16 | 00:04:20 | if you want to know more about seo |
| 00:04:18 | 00:04:20 | tikniques i have a whole video on this |
| 00:04:20 | 00:04:21 | on my channel |
| 00:04:20 | 00:04:23 | i'll leave the link in the description |
| 00:04:21 | 00:04:25 | below for you guys but search engine |
| 00:04:23 | 00:04:27 | optimization and learning the basics of |
| 00:04:25 | 00:04:29 | it is an absolute must if you want to |
| 00:04:27 | 00:04:29 | basically crush it with shopify drop |
| 00:04:29 | 00:04:32 | shipping |
| 00:04:29 | 00:04:34 | in 2020 and onwards this brings me to my |
| 00:04:32 | 00:04:36 | third point on the list which is |
| 00:04:34 | 00:04:38 | mobile optimization is greater than |
| 00:04:36 | 00:04:41 | which means more important than |
| 00:04:38 | 00:04:42 | computer or tablet optimization now the |
| 00:04:41 | 00:04:43 | biggest reason |
| 00:04:42 | 00:04:45 | why i personally believe having a |
| 00:04:43 | 00:04:47 | website optimized for mobile devices is |
| 00:04:45 | 00:04:49 | 10 times more important than a computer |
| 00:04:47 | 00:04:52 | or tablet optimized website |
| 00:04:49 | 00:04:53 | is because 95 of traffic comes from |
| 00:04:52 | 00:04:55 | mobile devices |
| 00:04:53 | 00:04:56 | there's just a very high demand for |
| 00:04:55 | 00:04:58 | people just searching on their phones |
| 00:04:56 | 00:04:59 | whether they're at their house or |
| 00:04:58 | 00:05:00 | whether they're outdoors and just |
| 00:04:59 | 00:05:02 | searching for a product |
| 00:05:00 | 00:05:04 | it is much more common to have it done |
| 00:05:02 | 00:05:06 | on a mobile device so you would be |
| 00:05:04 | 00:05:08 | decreasing your chances significantly if |
| 00:05:06 | 00:05:10 | you never check out your website |
| 00:05:08 | 00:05:12 | on your phone and make sure that it is |
| 00:05:10 | 00:05:14 | running properly and has a fast loading |
| 00:05:12 | 00:05:15 | speed because again as i mentioned |
| 00:05:14 | 00:05:17 | mobile devices is one of the most |
| 00:05:15 | 00:05:19 | important platforms you can be using |
| 00:05:17 | 00:05:21 | to run your google ads but that does not |
| 00:05:19 | 00:05:22 | mean that you should simply stop paying |
| 00:05:21 | 00:05:25 | attention to computer |
| 00:05:22 | 00:05:26 | optimization or tablet optimization |
| 00:05:25 | 00:05:29 | those are very important too |
| 00:05:26 | 00:05:30 | in fact a lot of the times on my shopify |
| 00:05:29 | 00:05:31 | store i have a much higher return on ad |
| 00:05:30 | 00:05:33 | spend for |
| 00:05:31 | 00:05:34 | computers rather than for phones but the |
| 00:05:33 | 00:05:36 | reality is |
| 00:05:34 | 00:05:38 | i get a lot more traffic from mobile |
| 00:05:36 | 00:05:38 | devices compared to computers so you |
| 00:05:38 | 00:05:40 | don't want to |
| 00:05:38 | 00:05:42 | exclude either of these but make sure |
| 00:05:40 | 00:05:44 | your website is 100 |
| 00:05:42 | 00:05:46 | optimized for mobile devices let's move |
| 00:05:44 | 00:05:46 | on to our fourth tip on the list and |
| 00:05:46 | 00:05:48 | that is |
| 00:05:46 | 00:05:50 | simply charge for shipping a lot of |
| 00:05:48 | 00:05:51 | people think of this as a bad thing to |
| 00:05:50 | 00:05:52 | do in fact a lot of people would have |
| 00:05:51 | 00:05:53 | leave this |
| 00:05:52 | 00:05:56 | video and they would not be able to view |
| 00:05:53 | 00:05:58 | the other great tips i have for them but |
| 00:05:56 | 00:05:59 | it is not a bad thing to be charging for |
| 00:05:58 | 00:06:01 | shipping in fact |
| 00:05:59 | 00:06:03 | i do that for my store i charge for |
| 00:06:01 | 00:06:05 | shipping for all orders |
| 00:06:03 | 00:06:06 | under fifty dollars a lot of things |
| 00:06:05 | 00:06:08 | happen when you start charging for |
| 00:06:06 | 00:06:10 | shipping number one thing is that |
| 00:06:08 | 00:06:11 | people if they order below 50 are more |
| 00:06:10 | 00:06:14 | inclined to |
| 00:06:11 | 00:06:16 | add more products to cart just so they |
| 00:06:14 | 00:06:17 | can qualify for that free shipping |
| 00:06:16 | 00:06:19 | number two you start adding more money |
| 00:06:17 | 00:06:21 | to your overall profits so you don't |
| 00:06:19 | 00:06:22 | really end up going in a loss even on |
| 00:06:21 | 00:06:23 | your bad days |
| 00:06:22 | 00:06:24 | and a lot of people tok about |
| 00:06:23 | 00:06:26 | conversion rates and how they can be |
| 00:06:24 | 00:06:28 | negatively impacted |
| 00:06:26 | 00:06:29 | by charging for shipping and that is far |
| 00:06:28 | 00:06:30 | from the truth because in my own |
| 00:06:29 | 00:06:31 | experience |
| 00:06:30 | 00:06:33 | i've really not notiked much of a |
| 00:06:31 | 00:06:35 | difference when it comes to conversion |
| 00:06:33 | 00:06:36 | rates when charging for shipping versus |
| 00:06:35 | 00:06:38 | not charging for shipping |
| 00:06:36 | 00:06:39 | in fact a lot of the shoppers within the |
| 00:06:38 | 00:06:41 | united states don't really even mind |
| 00:06:39 | 00:06:41 | because they know that they're not |
| 00:06:41 | 00:06:43 | shopping on |
| 00:06:41 | 00:06:45 | amazon or any of the other bigger brands |
| 00:06:43 | 00:06:46 | when they're on your website so |
| 00:06:45 | 00:06:48 | not every single person out there would |
| 00:06:46 | 00:06:49 | expect free shipping so that would |
| 00:06:48 | 00:06:51 | definitely |
| 00:06:49 | 00:06:52 | not be decreasing your conversion rates |
| 00:06:51 | 00:06:54 | as much as you think sure it may impact |
| 00:06:52 | 00:06:55 | just a little bit for those people |
| 00:06:54 | 00:06:57 | specifically |
| 00:06:55 | 00:06:58 | who were expecting free shipping but i |
| 00:06:57 | 00:07:00 | would much rather be profitable at the |
| 00:06:58 | 00:07:01 | end of the day than just have a bunch of |
| 00:07:00 | 00:07:02 | orders |
| 00:07:01 | 00:07:04 | and be unprofitable but a very simple |
| 00:07:02 | 00:07:06 | thing to start doing in 2020 and onwards |
| 00:07:04 | 00:07:08 | simply start charging for shipping i |
| 00:07:06 | 00:07:09 | highly recommend you do less than three |
| 00:07:08 | 00:07:10 | dollars for shipping |
| 00:07:09 | 00:07:12 | maybe do a random number like two |
| 00:07:10 | 00:07:15 | dollars and 57 cents |
| 00:07:12 | 00:07:17 | or 2.39 just to keep it a little bit |
| 00:07:15 | 00:07:19 | random while making it doable for the |
| 00:07:17 | 00:07:21 | customer to actually be able to afford |
| 00:07:19 | 00:07:22 | it a very simple trick but with a very |
| 00:07:21 | 00:07:24 | very large |
| 00:07:22 | 00:07:26 | impact on the profitability of your |
| 00:07:24 | 00:07:29 | shopify store my fifth tip for you guys |
| 00:07:26 | 00:07:30 | is make sure to have a consistent theme |
| 00:07:29 | 00:07:33 | throughout your website now what do i |
| 00:07:30 | 00:07:35 | mean by this exactly well i've notiked a |
| 00:07:33 | 00:07:37 | lot of websites were on the home page |
| 00:07:35 | 00:07:39 | they have a lot of blue and red going on |
| 00:07:37 | 00:07:41 | with words that give off playful vibes |
| 00:07:39 | 00:07:43 | but on their product pages they suddenly |
| 00:07:41 | 00:07:45 | transition into using a lot of greens |
| 00:07:43 | 00:07:47 | and yellow and pink and the words on |
| 00:07:45 | 00:07:48 | there are very very serious and |
| 00:07:47 | 00:07:50 | straightforward so |
| 00:07:48 | 00:07:52 | this inconsistency with the theme can |
| 00:07:50 | 00:07:54 | negatively impact your shopify store and |
| 00:07:52 | 00:07:55 | your profitability it may seem like a |
| 00:07:54 | 00:07:58 | very very small |
| 00:07:55 | 00:08:00 | thing but in reality it has a big big |
| 00:07:58 | 00:08:02 | impact on your customer psychology |
| 00:08:00 | 00:08:04 | potential customer psychology |
| 00:08:02 | 00:08:05 | works in your favor when all of the |
| 00:08:04 | 00:08:07 | things that they see |
| 00:08:05 | 00:08:08 | are consistent this means the same |
| 00:08:07 | 00:08:09 | colors throughout every single page on |
| 00:08:08 | 00:08:11 | your website |
| 00:08:09 | 00:08:13 | the same kinds of vibes from the words |
| 00:08:11 | 00:08:14 | that you use on every single website |
| 00:08:13 | 00:08:16 | because it kind of adds a little bit of |
| 00:08:14 | 00:08:17 | a familiar factor |
| 00:08:16 | 00:08:19 | in your customer's head and this makes |
| 00:08:17 | 00:08:20 | it easy for them to relate to each of |
| 00:08:19 | 00:08:22 | the pages |
| 00:08:20 | 00:08:24 | that they're going on on your website so |
| 00:08:22 | 00:08:26 | having a consistent theme is extremely |
| 00:08:24 | 00:08:28 | important in 2020 |
| 00:08:26 | 00:08:30 | but one of the most lacked things in a |
| 00:08:28 | 00:08:31 | lot of the shopify stores in fact |
| 00:08:30 | 00:08:33 | a lot of the shopify stores don't even |
| 00:08:31 | 00:08:34 | care about what kind of colors they use |
| 00:08:33 | 00:08:36 | what kind of words they use |
| 00:08:34 | 00:08:38 | because all they're focused on is |
| 00:08:36 | 00:08:39 | earning the money but unfortunately in |
| 00:08:38 | 00:08:41 | 2020 and onwards |
| 00:08:39 | 00:08:43 | if you want to dropship profitably you |
| 00:08:41 | 00:08:43 | have to make sure that the theme is very |
| 00:08:43 | 00:08:45 | consistent |
| 00:08:43 | 00:08:47 | and people can relate to the overall |
| 00:08:45 | 00:08:48 | theme but let's move on to our sixth tip |
| 00:08:47 | 00:08:50 | and that is |
| 00:08:48 | 00:08:52 | don't copy anything a very simple step |
| 00:08:50 | 00:08:53 | but i still have to mention it here |
| 00:08:52 | 00:08:55 | because i still see |
| 00:08:53 | 00:08:56 | many shopify stores copying each other |
| 00:08:55 | 00:08:58 | in fact i |
| 00:08:56 | 00:09:00 | come across a bunch of shopify stores |
| 00:08:58 | 00:09:02 | almost every single day that just copied |
| 00:09:00 | 00:09:04 | my own shopify store and it is not very |
| 00:09:02 | 00:09:06 | difficult to see that these shopify |
| 00:09:04 | 00:09:08 | stores are not making any money because |
| 00:09:06 | 00:09:10 | in reality business is not as easy as |
| 00:09:08 | 00:09:12 | just copying and pasting things |
| 00:09:10 | 00:09:13 | otherwise everybody doing drop shipping |
| 00:09:12 | 00:09:15 | would be millionaires by now and if you |
| 00:09:13 | 00:09:16 | start to copy things |
| 00:09:15 | 00:09:18 | especially if you see an ad on facebook |
| 00:09:16 | 00:09:20 | or if you're selling on google and you |
| 00:09:18 | 00:09:22 | copy one of your competitors |
| 00:09:20 | 00:09:23 | most likely the customers that land on |
| 00:09:22 | 00:09:25 | your website may have already seen the |
| 00:09:23 | 00:09:26 | other ad as well because |
| 00:09:25 | 00:09:28 | that is why they're on your website they |
| 00:09:26 | 00:09:30 | were already targeted by one of the |
| 00:09:28 | 00:09:31 | interests that you may have chosen or |
| 00:09:30 | 00:09:32 | someone else may have chosen and on |
| 00:09:31 | 00:09:34 | |
| 00:09:32 | 00:09:35 | it is much more easier to kind of get an |
| 00:09:34 | 00:09:36 | idea of whether you're copying or not |
| 00:09:35 | 00:09:37 | because all of |
| 00:09:36 | 00:09:39 | your competitors are literally right |
| 00:09:37 | 00:09:42 | next to each other on the very top |
| 00:09:39 | 00:09:43 | on the google shopping ads platform so |
| 00:09:42 | 00:09:44 | this makes it very easy for your |
| 00:09:43 | 00:09:45 | customers |
| 00:09:44 | 00:09:47 | just to do a little bit of extra |
| 00:09:45 | 00:09:49 | research to find out whether you are |
| 00:09:47 | 00:09:50 | copying anybody or not and again in 2020 |
| 00:09:49 | 00:09:51 | and onwards |
| 00:09:50 | 00:09:53 | that is really not going to be working |
| 00:09:51 | 00:09:54 | so always make sure to put original |
| 00:09:53 | 00:09:55 | content |
| 00:09:54 | 00:09:57 | always make it your own content of |
| 00:09:55 | 00:09:58 | course you can take ideas from others |
| 00:09:57 | 00:10:00 | and kind of make up your own things |
| 00:09:58 | 00:10:02 | based on the ideas but never |
| 00:10:00 | 00:10:03 | word for word copy anything but that |
| 00:10:02 | 00:10:04 | brings me to my seventh point on the |
| 00:10:03 | 00:10:07 | list and that is |
| 00:10:04 | 00:10:09 | keep track of your profits and loss |
| 00:10:07 | 00:10:11 | statements on a weekly basis |
| 00:10:09 | 00:10:13 | or even a daily basis if possible i |
| 00:10:11 | 00:10:13 | cannot emphasize how many times i've |
| 00:10:13 | 00:10:15 | seen |
| 00:10:13 | 00:10:17 | good shopify stores fail because the |
| 00:10:15 | 00:10:18 | drop shipper was thinking that their |
| 00:10:17 | 00:10:20 | store was profitable so they were |
| 00:10:18 | 00:10:21 | continuing to spend money |
| 00:10:20 | 00:10:23 | until at the end of the month they |
| 00:10:21 | 00:10:24 | realized that their bank account balance |
| 00:10:23 | 00:10:26 | was zero and then when they went through |
| 00:10:24 | 00:10:27 | their profits and loss |
| 00:10:26 | 00:10:28 | statement they saw that they were |
| 00:10:27 | 00:10:30 | actually losing money instead of gaining |
| 00:10:28 | 00:10:32 | money on every single day this is one of |
| 00:10:30 | 00:10:34 | the most saddest ways to |
| 00:10:32 | 00:10:35 | end your shopify store and your drop |
| 00:10:34 | 00:10:37 | shipping store you want to always be |
| 00:10:35 | 00:10:38 | keeping track of your profits and loss |
| 00:10:37 | 00:10:41 | statements and |
| 00:10:38 | 00:10:42 | if you can track it often these numbers |
| 00:10:41 | 00:10:44 | are changing on a daily basis |
| 00:10:42 | 00:10:46 | if you're not sure if you're making any |
| 00:10:44 | 00:10:48 | types of profits it's really going to be |
| 00:10:46 | 00:10:48 | difficult for you to continue scaling |
| 00:10:48 | 00:10:50 | your store |
| 00:10:48 | 00:10:52 | and continue skilling your winners |
| 00:10:50 | 00:10:53 | because without looking at the numbers |
| 00:10:52 | 00:10:55 | you really should not be |
| 00:10:53 | 00:10:57 | taking any types of decision and keeping |
| 00:10:55 | 00:10:59 | track of your profit and loss statements |
| 00:10:57 | 00:11:00 | makes this an extremely easy task |
| 00:10:59 | 00:11:02 | especially when you start |
| 00:11:00 | 00:11:03 | scaling your shopify store but that |
| 00:11:02 | 00:11:06 | brings me to point number eight |
| 00:11:03 | 00:11:08 | and that is start offering more product |
| 00:11:06 | 00:11:09 | bundles this is one thing a lot of |
| 00:11:08 | 00:11:11 | people don't do and that is |
| 00:11:09 | 00:11:14 | offer product bundles it is extremely |
| 00:11:11 | 00:11:16 | important in 2020 because not only does |
| 00:11:14 | 00:11:18 | this give you the ability to charge more |
| 00:11:16 | 00:11:20 | and earn more profits for every product |
| 00:11:18 | 00:11:22 | sold but it also kind of helps you stand |
| 00:11:20 | 00:11:24 | out of the crowd because in reality |
| 00:11:22 | 00:11:26 | if you just think about it not a lot of |
| 00:11:24 | 00:11:28 | shopify dropshippers offer any types of |
| 00:11:26 | 00:11:30 | bundles whether it's on facebook or |
| 00:11:28 | 00:11:32 | google or any other platform so |
| 00:11:30 | 00:11:33 | when you come in with the product bundle |
| 00:11:32 | 00:11:35 | it automatikally puts you |
| 00:11:33 | 00:11:36 | out of the crowd and makes you a little |
| 00:11:35 | 00:11:37 | bit special and when your bundles do |
| 00:11:36 | 00:11:38 | start selling |
| 00:11:37 | 00:11:40 | that's when you start earning more and |
| 00:11:38 | 00:11:41 | more profits compared to your other |
| 00:11:40 | 00:11:43 | competitors |
| 00:11:41 | 00:11:44 | and it becomes very easy to drive them |
| 00:11:43 | 00:11:46 | out of business and again offering |
| 00:11:44 | 00:11:48 | bundles is an easy way to do this now |
| 00:11:46 | 00:11:49 | don't confuse this with offering upsells |
| 00:11:48 | 00:11:51 | and downsells because |
| 00:11:49 | 00:11:53 | upsells and downsells it is an optional |
| 00:11:51 | 00:11:55 | thing for the customer whereas with the |
| 00:11:53 | 00:11:56 | bundle the whole product page is just |
| 00:11:55 | 00:11:57 | showcasing |
| 00:11:56 | 00:11:59 | maybe a bundle of a certain product |
| 00:11:57 | 00:12:01 | where you sell two products as a whole |
| 00:11:59 | 00:12:03 | instead of selling it individually and |
| 00:12:01 | 00:12:05 | again offering bundles is a much better |
| 00:12:03 | 00:12:06 | way to go than just offering upsells and |
| 00:12:05 | 00:12:08 | down soles of course you want to also do |
| 00:12:06 | 00:12:09 | upsells and down sales |
| 00:12:08 | 00:12:11 | but adding product bundles again will |
| 00:12:09 | 00:12:13 | help you increase your overall sales and |
| 00:12:11 | 00:12:14 | this brings me to my last point on the |
| 00:12:13 | 00:12:16 | list and that is |
| 00:12:14 | 00:12:17 | simply start drop shipping from ebay and |
| 00:12:16 | 00:12:19 | amazon i've already made a video on this |
| 00:12:17 | 00:12:20 | you can check out on my channel |
| 00:12:19 | 00:12:22 | it's really not that hard you're doing |
| 00:12:20 | 00:12:24 | the same things as you would with |
| 00:12:22 | 00:12:24 | aliexpress but there are tons of |
| 00:12:24 | 00:12:26 | different benefits |
| 00:12:24 | 00:12:28 | the benefit number one is that you're |
| 00:12:26 | 00:12:30 | offering a product to a customer at a |
| 00:12:28 | 00:12:31 | much faster delivery time which means |
| 00:12:30 | 00:12:32 | they're more likely |
| 00:12:31 | 00:12:34 | to come back and purchase from you |
| 00:12:32 | 00:12:35 | number two you're gonna have more happy |
| 00:12:34 | 00:12:37 | customers |
| 00:12:35 | 00:12:39 | and less disputes and chargebacks and |
| 00:12:37 | 00:12:40 | number three your profits may actually |
| 00:12:39 | 00:12:42 | increase because a lot of the times |
| 00:12:40 | 00:12:44 | aliexpress suppliers charge much more in |
| 00:12:42 | 00:12:45 | terms of shipping |
| 00:12:44 | 00:12:47 | compared to what it would cost you to |
| 00:12:45 | 00:12:49 | buy on ebay or amazon so in that way |
| 00:12:47 | 00:12:51 | you're actually saving more money and |
| 00:12:49 | 00:12:52 | actually getting more profits |
| 00:12:51 | 00:12:54 | while offering faster shipping options |
| 00:12:52 | 00:12:56 | so this is really an amazing thing i've |
| 00:12:54 | 00:12:57 | started to do more often in 2020 and |
| 00:12:56 | 00:12:59 | onwards and it's something i highly |
| 00:12:57 | 00:13:00 | recommend especially if you want to run |
| 00:12:59 | 00:13:02 | a profitable store |
| 00:13:00 | 00:13:04 | in 2020 and onwards if you found any |
| 00:13:02 | 00:13:05 | type of value in this video |
| 00:13:04 | 00:13:07 | smash that like button and smash that |
| 00:13:05 | 00:13:09 | subscribe button and i'll see you guys |
| 00:13:07 | 00:13:09 | next time |
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