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Setting up US Bank Accounts, Finding Competitors, Gift Cards, Shopify Reviews! | Drop Ship Weekly 1

Published on: December 13 2022 by Anton Kraly - Drop Ship Lifestyle

In the world of e-commerce, there are various aspects that must be considered for a successful business. Setting up US bank accounts, finding competitors, gift cards, Shopify reviews, and drop shipping are just a few of the many factors to consider when starting an online business. In this article, we will discuss each of these aspects in detail.

Setting up US Bank Accounts:

One of the most important things to consider when starting an online business is setting up a US bank account. This is important because it helps to establish your business as legitimate and also makes it easier to handle transactions. Some tips for setting up a US bank account include:

- Research the different options available and choose the one that best suits your business needs

- Provide all necessary documentation to the bank

- Ensure that all information provided is accurate and up-to-date

- Maintain a good relationship with the bank to ensure smooth transactions

Finding Competitors:

Another important aspect of running an online business is keeping an eye on the competition. This helps you to stay ahead of the game and make necessary changes to your business strategy. Some ways to find competitors include:

- Conducting a Google search for businesses in your niche

- Searching social media platforms for similar businesses

- Using tools such as SEMrush or Ahrefs to find competitors' keywords and backlinks

Gift Cards:

Gift cards are a great way to increase sales and attract new customers. They are also a great way to encourage customer loyalty. Some tips for implementing gift cards include:

- Offering different denominations to suit all budgets

- Creating attractive designs to make them appealing to customers

- Promoting them through email marketing or social media campaigns

Shopify Reviews:

Customer reviews are an important aspect of building trust and credibility with potential customers. Shopify, a popular e-commerce platform, has a built-in review system that allows customers to leave feedback on products. Some tips for using Shopify reviews include:

- Encouraging customers to leave reviews through email marketing or social media campaigns

- Responding to both positive and negative reviews to show that you value customer feedback

- Using reviews as a way to improve your products or services

Drop Shipping:

Drop shipping is a popular business model in which the seller does not keep inventory but instead ships products directly from the manufacturer to the customer. Some tips for implementing drop shipping include:

- Researching reliable manufacturers and suppliers

- Ensuring that products are of good quality

- Offering competitive prices to attract customers

In conclusion, there are various aspects to consider when starting an online business. Setting up US bank accounts, finding competitors, offering gift cards, using Shopify reviews, and implementing drop shipping are just a few of the many factors to consider. By implementing these strategies, you can increase your chances of success and build a loyal customer base.

Anton Crowley, founder of Dropship Lifestyle, welcomes viewers to the first episode of Dropship Weekly, a weekly video series where he congratulates successful students, answers questions from the Facebook group and forum, and discusses news related to dropshipping.

Success Stories:

- Leonardo made two sales while on vacation, totaling over $1,000.

- Mike made his first sale after a lot of hard work and training.

- Ich got their first sale in Dublin.

- Karl launched a new store and made over $4,000 in just two days.

- Elias, a 17-year-old high school student, joined Dropship Lifestyle to build his first business.

Answering Questions:

- Sandro asked if an online store with a warehouse is a direct competitor and if it's still possible to get suppliers from them. Anton explains that it doesn't mean you can't sell the same products, but it's best to avoid them as competitors since they have advantages like better pricing and supplier approval.

- Charlene asked if she should pay for the Shopify plan with gift card options or use another option outside of Shopify. Anton recommends using the Shopify Product Review app to capture reviews and says that it's important to have PayPal as a secondary option for checkout.

- Michael asked if he should add PayPal to his checkout. Anton says yes, but don't rely solely on PayPal unless you have to.

- Carrie, a Canadian setting up American dropship stores, asks

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