Dropship&wholesale News

E-commerce sales seen at $200bn in a decade

This could be music to the ears of Flipkart, Amazon and others operating in the e-commerce space. Thanks to the rise in digital transactions in India, e-commerce sales in the country could jump to $200 billion by 2026-27 from $15 billion in 2017, a report forecast on Thursday.

According to Morgan Stanley, while the number of Internet users in India stood at around 43.2 crore in 2016-17, this could rise to at least 91.5 crore by the end of calendar year 2026.

It forecast that during this period, the number of online laptop dropshippers could rise to to 47.5 crore (base case) from 6 crore which means that the percentage of online shoppers to the total Internet users would increase to 52 per cent from 14 per cent. It expects the total online retail markets to hit $200 billion by the end of 2026.

The investment banking giant made this forecast in its research report on “INSIGHT: India Equity Strategy: India’s Disruption Decade: 10 for the Next 10 Years”.

According to the report, while India’s e-commerce market remains in a nascent stage and further growth in the next few years will be driven largely by the addition of new online shoppers even as existing shoppers would shop more on various platforms.

It, however, cautioned that this will be a function of the overall funding environment. It may be recalled that a slowdown in funding in 2016 had led to a slowdown in growth rates.

“In the absence of new funding rounds, on-boarding new users to the platforms could slow down, which could impede growth in the e-commerce market in the next few years,” it said.

Morgan Stanley has also projected a “bear case” which says that that if online shopper penetration improves slowly,

the overall e-commerce market could reach a total size of $105 billion by 2026-27 against the base-case expectations of $200 billion.

This forecast comes at a time both Flipkart and Amazon India have claimed huge response to their Great Indian Festival Sale and Big Billion Days sale, respectively.

Also See: how to start dropshipping

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Gucci, the Italian luxury brand, is reluctant to partner with Chinese ecommerce platforms run by Alibaba and JD.com in the world’s largest luxury market because of widespread counterfeiting, its chief executive has said.

“Frankly speaking, on most of the platforms there’s a lot of counterfeiting, and I don’t want to certify counterfeiting because I belong to these platforms,” Marco Bizzarri said on Monday at a dropshipping Business of Fashion conference in Shanghai.

“There’s something wrong with counterfeiting and at this point I want to stay away,” Mr Bizzarri said, adding that he was in contact with both Alibaba and JD.com. “Instead of taking a risk, I wait,” he said. “We are in a situation of wait and see.”

Seeking higher margins and prestige, Alibaba has signed up dozens of luxury brands, including Burberry, Hugo Boss, Tiffany and Moschino to its Tmall Luxury Pavilion platform in the last year, while JD.com has partnered with Kering-owned Saint Laurent and Alexander McQueen, as well as British ecommerce platform Farfetch.

But the Chinese companies have long struggled with a reputation for the rampant selling of counterfeit goods on their platforms. In 2016, the US government put Alibaba’s Taobao platform on its blacklist of “notorious markets” known for peddling fake goods.

Gucci is owned by Kering, the French luxury group, and generated about €6bn of sales last year.

In 2015, Kering sued Alibaba, alleging the ecommerce group encouraged and profited from the sale of counterfeit goods on its platform. But Kering said last year that it would withdraw the lawsuit, and the two companies said in a joint statement they would establish a task force to protect Kering’s brands.

Luxury spending rose 20 per cent in China last year to reach Rmb142bn ($20.5bn), according to consultancy Bain, making it the world’s largest market. Ecommerce represented nine per cent of sales, up from 6 per cent in 2015.

While smaller Italian brands have embraced Chinese ecommerce platforms, the larger French companies have generally been more sceptical. Only a handful of brands owned by luxury house LVMH — notably Spain’s Loewe — sell on Chinese platforms.

Gucci, like LVMH’s Louis Vuitton and the publicly traded Prada, sells its products online in China solely via its own website.

Mr Bizzarri said on Monday that joining an additional ecommerce platform could dilute the sense of exclusivity that is key to luxury brands.

“We have to make sure we maintain this luxury feel, the luxury perception and this kind of exclusivity . . . that is absolutely key for us. We want to make sure [ecommerce] doesn’t impact that,” he said.

See More: dropship companies with no membership fees

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If you want to start a drop shipping business in Canada, it is best to join a t shirt drop shipping Company, since this will help you get suppliers for your drop shipping store.

Below are the 5 best drop shipping companies for Canadians.

Chinabrands

Chinabrands is a wholesale supplier which focus on Dropshipping business, and has 80,000+ niche items,varies from bags, shoes, clothes, beauty&health, mother&kids, jewelry, toys&hobbies and more.All of the products quality was checked by prefessional QC .

Chinabrands integrate with Shopify, Aliexpress, Amazon, Lazada, Wish, eBay and other online website. You can import the product description just with one click.

There are more than more than 10 warehouse in the world and 200+ shipping methods to support your dropshipping business. You will get the cheap and quality(Checked by QC) Chinese products, and get more profit.

Wholesle2B

This is one of the best drop shipping services provider in Canada. Wholesale2B members get access to over 90 suppliers and over 1.5 million products.

The products are varied across 25,000 different categories, including health and fitness, medical equipment, clothing, consumer electronics, sports, and many more. In addition, Wholesale2B has dedicated Amazon and eBay listing tools which allow you to sell products directly on Amazon and eBay.

If you have your own website, the service also supports third-party shopping carts.

Unfortunately, Wholesale2B does not have a free trial, and their customer support options are limited.

WorldWideBrands

This is high-quality choice for sellers looking for drop shipping suppliers. The WWB database contains over 8000 different suppliers, with a combined inventory of over 16 million products. This means that regardless of your chosen niche, you will easily find a supplier with WWB.

The suppliers listed on the directory are usually researched and tested by WWB staff before they get listed on the directory. This means that all the suppliers on WWB are legitimate. WWB focuses mainly on suppliers who can supply to customers in Canada and the USA. The only downside of WWB is that it is a bit costly.

Salehoo Canada

This is the Canadian branch of Salehoo, a drop shipping directory that lists over 8000 suppliers. While the mother company is located in New Zealand, the Canadian branch is focused on suppliers located in Canada and the USA.

All the suppliers listed on Salehoo are thoroughly screened before they are listed on the database to keep out scammers. The suppliers listed on Salehoo have a combined inventory of about 1.6 million products at wholesale prices.

In addition to the database, Salehoo Canada also provides access to drop shipping tutorials, forums, and a market research tool.

Inventory Source

This is another drop shipping company in Canada that provides a good inventory, strong management features, and great support.

The directory lists over 100 different suppliers with a combined inventory of over 1 million products. It has features that allow you to export products directly from the service to online marketplaces or your website, including images and product descriptions. Inventory source has a free version and a premium version.

While the free version is not bad, it will require you to do more logistical work. They also have a full automation package that does everything for you, so that you can focus solely on finding customers for your drop shipping store.

Also read: 7 BEst wholesale shoes china Suppliers

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A review of the competition law that has just started is set to find out if the steep discounts offered by online retailers promotes competition or stifles it as alleged by their old school rivals.

A 10-member panel set up by the corporate affairs ministry last week will examine the trends in digital economy, including steep discounts in online wholesale baby onesies retailing, and whether the e-tailers are subject to any restrictions in their access to dealerships from manufacturers.

Conventional retailers who compete with e-tailers are strongly opposed to discounts offered by online sellers arguing that it is aimed at displacing brick-and-mortar dealers and will eventually affect consumer interest.

“Practices in the digital economy, backlog of competition cases to be resolved and the fee structure followed by the Competition Commission of India (CCI) will be reviewed by the panel,” one person privy to the initial consultation process, said on the condition of anonymity. The panel will also comb through central and state government policies that do not foster principles of competition in letter and spirit.

Conventional traders are now readying their recommendations to the panel suggesting ways to put an end to discounted online sale of goods.

“We strongly oppose discounts offered by online retailers. These are not discounts but predatory pricing. We will be requesting the commerce minister to impose a blanket ban on discounted sales by online sellers, which creates an uneven playing field and is detrimental to traditional retailers as well as manufacturers. We are also formulating our views to be given to the competition law review committee,” said Praveen Khandelwal, secretary general, Confederation of All India Traders (CAIT).

Competition law experts said that industry practices, such as manufacturers imposing certain restrictions on online sellers in order to protect a large number of conventional dealers, who also compete among themselves, have been a subject of dispute. In cases where certain brands face intense competition from rival brands, restrictions imposed by a producer on online dealers to protect its conventional dealers may not be seen by the competition watchdog as anti-competitive. This, however, enables producers to control the retail price and may not be in the interest of consumers.

“Online retailers have a transformational capacity in terms of reach, variety and price. They should be protected,” said Subodh Prasad Deo, partner at law firm Saikrishna and Associates, and former additional director general at CCI.

In 2015, two brick-and-mortar retailer bodies, Retailers Association of India (RAI) and the All India Footwear Manufacturers and Retailers Association (AIFMRA), had approached the Delhi High Court arguing that e-commerce companies had undue advantage as they were allowed to access foreign direct investment (FDI), through which they could provide deep discounts that traditional retailers would not be able to match.

To legitimize existing businesses of e-commerce companies operating in India, which so far have grown in a policy vacuum, the government in March 2016 allowed 100% FDI in online retailing of goods and services under the so-called “marketplace model” through the automatic route.

Also Read: 9 Best China Online Shopping websites like aliexpress

It also notified new rules through Press note 3 (of 2016 series), which could potentially end the discount wars, prohibiting e-commerce marketplaces from offering discounts and capping total sales originating from a group company or one vendor at 25%. However, this only remained on paper, while e-commerce companies continued to offer heavy discounts, much to the anger of offline retailers.

The draft e-commerce policy under consideration effectively seeks to regulate all aspects of online retail and recommends strict restrictions, including curbs on discounts. However, the government is currently going slow on finalizing this policy after opposition from major online retailers.

Khandelwal, however, said the proposed e-commerce policy should be implemented immediately.

The competition law review panel chaired by corporate affairs secretary Injeti Srinivas will also examine if the fee prescribed for the petitioners to approach the anti-trust regulator is high. It will also assess if a scheme to reduce backlog of competition-related cases be required, said the first person quoted above.

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Australian retailers need to step up investment in e-commerce, supply chain, data analysis and fulfilment to keep pace with Amazon as the online behemoth prepares to ramp up its local online retail offer.

Retailers such as Woolworths, Super Retail Group, JB Hi-Fi and Premier Investmentshave been investing heavily in e-commerce over the last two years to better compete with pure-play online retailers and satisfy customer demand for more convenience.

That investment has helped underpin strong online sales growth and offset weak sales in bricks and mortar stores, with UBS estimating that e-commerce accounted for more than 45 per cent of incremental sales growth across listed retailers in 2018.

However, the additional spending took a toll on margins and most retailers believe that delivering online purchases is still margin-dilutive, while click and collect, which accounts for more than 20 per cent of online sales at many omni-channel retailers, is margin-neutral.

UBS retail analyst Ben Gilbert says retailers will need to keep spending on websites, supply chain automation, last-mile delivery and data analysis while investing in price to keep pace as the shift to online accelerates.

Also read: Best 3 dropshipping suppliers uk Based

"The retailers here are doing a better job but I'd argue there are still opportunities to improve," Mr Gilbert told The Australian Financial Review.

"If you compare local websites with those overseas there is still room for improvement.

"The risk is some may be under-investing ... they don't need to spend less money than they're spending today."

Woolworths, for example, spent an extra $130 million last year on a new data and digital centre, WooliesX, IT and supply chain, including a new $350 million automated distribution centre, and a cloud-based back-end IT system. Wesfarmers has said it plans to double its investment in digital and data.

Distribution questions

Retailers were also taking differing approaches to distribution – with Super Retail Group, for example, distributing from a centralised distribution centre and JB Hi-Fi delivering direct to stores – and the most efficient model had yet to be proven.

Last-mile delivery was proving to be particularly difficult in Australia because of the tyranny of distance and low population density.

"If Amazon is leading the way there and local retailers can't piggyback off that ... there is a risk they'll need to invest more in distribution to improve their capabilities," Mr Gilbert said.

JPMorgan analyst Shaun Cousins said established retailers had lifted their online game but there was more work to do as Amazon brought its Australian offer up to speed.

"Amazon will have a better Christmas this year than last year, and key events will get better each year," Mr Cousins said.

"But it's a slow grind rather than something that has radically changed the landscape.

"And the impact continues to vary by category, with the supply chain of food, especially fresh food, an impediment to its impact in that category."

Amazon growing

After a generally underwhelming launch last December, Amazon has increased its Australian wholesale lighters product range four-fold to about 80 million stock keeping units and has launched its subscription based free delivery service Amazon Prime, Fulfilment by Amazon, Amazon Music and Echo voice-activated speakers, powered by the company's cloud-based voice service Alexa.

Earlier this month, Amazon added three new categories to its range – luggage and travel goods including outdoor clothing, automotive products and pet supplies – taking the number of categories to 26.

The online retailer is expected to add more categories and services before Christmas and in 2019 while speeding up delivery times, increasing competition for local pure play and online retailers.

Bain & Co believes Amazon could become Australia's sixth-largest retailer within five to 10 years – behind Woolworths, Coles, Bunnings, Aldi and Metcash's IGA network, but ahead of Harvey Norman, Kmart and JB Hi-Fi – with revenues of $8 billion to $10 billion, compared with estimated revenue of $1 billion in 2017.

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How To Boost Your Business Profits With Digital Marketing Training?

Digital training has been gaining transaction given that automation is one of the important aspects of jobs these days. Automation is essential given that companies look forward to cuttingthe costdown and add that extra edge of innovation which keeps the organizationon its toes.

Corporate training is instrumental in retaining employees, improving the satisfaction index, which shows when the returnon investment is concerned. Corporate training is feasible when you are trying to break into new strategies or find a breakthrough inthe solution aspects.

We could go on and on about the importance of training your employees not only for the sake of business profits but also making your korean fashion wholesale business more accountable.

Why should you choose Digital Marketing?

Digital marketing as we know is evolving as a new field when spreading the word about business is concerned. It is probably one of the easiest ways to make your presence felt or becoming a part of the crows such that they identify with you. Digital marketing courses and trainingcanhelpyour employees understand the nuances better and allow them to learn certain aspects which are crucial to boosting profits.

Training expenditures form a major part of the company’s expenses. If records and numbers are to be believed, more than 40% of the profits are invested annually for up-skilling the employees which adds value to the organization. Skill gaps increasethe overheads, andconsequently,the company has to invest a higher amount for hiring and training new employees. It doesn’tsound like a great plan now does it?

How does it impact your employees?

Training is impactful and always gives you a higher return on the investment. When you train an employee with the latest technologies, in this case, digital marketing training programs, you see increasedproductivity which is important when you have deliverables to roll out within a stipulated time.

When Digital marketing is concerned, you can see results as a part of the traffic that crowds your sources or the sales numbers or the retention of customers. Wouldn’t the numbers be evident when calculating growth is concerned? Better results are directly proportional to the employee satisfaction index anyway. How one may ask? Well, imagine learning a new skill out of the blue that challenges you every single day and keeps you excited how things might work out!

How does it boost your profits?

Happier employees tend to work efficiently and accurately delivering quality products which can be seenin the profitability index. Update the classes, keep it exciting, fun and with more hands-onexperiences. It is not an unknown fact that digital marketing is indeed one of the best ways to survive in the cut-throatmarket. If you have classroom programs, then it’s great.

If you have online training programs available for your employees, even better. You could even arrange for 1-1 sessions with the trainers and employees such that there is no room for error or confusion.

Also read: Best 3 dropshipping suppliers uk Based

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One year after announcing a collaborative effort with Grand Rapids Community College and West Michigan manufacturers addressing talent needs in the manufacturing industry, the AMP Lab @ WMU opened its doors for industry leaders to have a first look at the new 15,000-sq.-ft. instructional manufacturing facility.

The Advanced Manufacturing Partnership Laboratory occupies the first two floors of Western Michigan University’s downtown Grand Rapids location, which is located on Cherry and Ionia in the city’s Arena District and serves as a program to cultivate the next generation of engineers, designers, and other skilled individuals to serve the manufacturing industry.

“This cutting-edge instructional laboratory has been designed to meet the demands identified by manufacturing leaders, not only locally, but around the globe, to educate the 21st century advanced manufacturing workforce,” said Dr. Edward Montgomery, president of Western Michigan University (Kalamazoo, MI). “WMU is excited to collaborate with Grand Rapids Community College and our community’s manufacturing leaders to bring this type of experiential learning to the region.”

The AMP Lab combines prototyping, training, and small-scale manufacturing with the opportunity for individuals to earn college credits to be used toward a degree or certification. The facility includes 3D printers and scanners, a CAD/CAM lab, plasma cutter, laser cutter, welding station, metrology equipment, and prototyping tools.

Also Read: Top China wholesale website 2018

“The AMP lab is an excellent example of how communities grow stronger when people come together,” said Dr. Bill Pink, GRCC president. “We’re partnering with Western Michigan University and our region’s employers to give residents skills they need for great jobs as well as their first steps in higher education and pursuit of lifelong learning.”

Early this month, GRCC began using the space three days a week for its AMP program cohorts. In January, WMU will offer courses for a certificate program in integrated design and manufacturing. In addition, manufacturing engineering technology, engineering design technology, and engineering management technology courses will be offered at the facility for students enrolled in WMU’s ABET-accredited four-year engineering technology degree program.

“At full strength, the space will be used for six to eight WMU undergraduate courses a semester with class sizes of 16 to 24,” said Dr. Steven Butt, WMU Department of Industrial and Entrepreneurial Engineering and Engineering Management chair and professor. “GRCC will also be offering associate degrees and manufacturing courses. In addition to college courses, workshops, specialized trainings, product design, and manufacturing consulting will occur in the space.”

The $2.7 million AMP Lab development and the equipment it houses were partially funded through private investment efforts and the Michigan Economic Development Corporation. Opportunities exist for the facility to be used as a makerspace for entrepreneurs needing manufacturing assistance.

John C. Kennedy, president of Autocam Medical, based in Grand Rapids, has been involved in programs to raise awareness for the education of and need for skilled workers—and for a facility that can lead to new ideas being developed for introduction into the marketplace.

“In addition to developing a skilled workforce, the AMP Lab has the potential to provide other important services to our region,” Kennedy said. “This facility and its students, led by engineering faculty and graduate students, can help local inventors prototype projects.”

The building that houses WMU’s downtown regional location and the AMP Lab @ WMU dates back to the 20th century as a manufacturing facility. The building began as the Brown and Sehler Co., a wholesale womens shoes manufacturer of horse harnesses and collars from 1925 to 1935. Various businesses moved in and out of the building for the next 40 years before H.H. Cutler Co., an infant and children’s clothing manufacturer, occupied the space until 1995. The university moved into the building in May 2001.

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Is handmade can be the next potential niche for drop shipping?

Handmade products is one of the hot topics in the world now, and it can also understand as handicraft. It means a variety of works for manufacturing products which are made completely by human hands. Customers do not need to worry about the quality issues because most of handmade products should be safety to use. According to the research from Google Trend, it can clearly find that the interests of ‘handmade’ is keeping on a higher level which is around 75 on the internet. It can understand that the ‘handmade’ still can be the hot topic in the next few months even in the few years, and it is possible jump into the handmade products dropshipping uk business because of its vast potential in the future development.

Handmade products for drop shipping

As the description shows in the previous part, it can know that handmade products drop shipping business can be profitable in the future. Moreover, handmade products are including cosmetics, toys, home accessories and so on. It is believed that a safely and fashionable product should has higher sales in the drop shipping market. According to the news from BBC, it is believe that handmade products are welcomed by customers because of its unique design. Therefore, in this part, I’ll introduce some of the handmade products that are actually selling on Chinabrands which is a global drop shipping platform from China, in order to prove that handmade products should be the hot selling products in the drop shipping market.

a. Fake eyelashes. Fake eyelashes are welcomed by female customers in the recent years, and it is possible to sell in the drop shipping market because of lower margin and lighter weight. Most of female consumers think that wearing fake eyelashes can make them look more beautiful especially for their eyes. Moreover, there are so many female celebrities are wearing fake eyelashes, which should leading their fans to follow it to try to wear fake eyelashes. However, as so many customers are purchasing fake eyelashes, they are not only searching for style or design, but also searching for safely products because the fake eyelashes should be wore next to their eyes. Therefore, it need to make sure that those fake eyelashes should have high quality if you want to sell it well.

For example, the following picture shows the handmade fake eyelashes that are selling on Chinabrands now. It is a set of 3pcs and only selling at the price of $1.36 per set. As Chinabrands describe that these fake eyelashes are totally handmade which should be more comfortable for wearing and look more naturally. Furthermore, Chinabrands own its quality assurance team in order to make sure the inspection rate is 100% for each merchandise. It can understand that those handmade fake eyelashes which are selling on Chinabrands should has higher quality, and it is available for selling handmade fake eyelashes on Chinabrands.

b. Handmade toys. It is believed that ‘pet’ is the hot topic in the past several days, and there are more people are trying for own a dog or cat in their houses. Therefore, as the rapid development of pet market, it can understand that products related to pet should has a vast potential in the future development such as toys. Furthermore, most of customers are prefer purchasing safety pet toys for their pets because pets are always biting its toys. Therefore, handmade toys especially pet toys should have potential for the future development in the drop shipping market.

The following picture shows one of the hottest pet toys on Chinabrands which is a handmade toys for dogs or cats to grind teeth. It is made by cotton rope and it should be healthy for pets because of its pure raw materials and handmade. It is believed that handmade toys especially pet toys are welcomed by customers worldwide and it is worth to selling it in the dropship beauty products business.

c. Home accessories. It is believed that handmade home accessories are welcomed by most of customers because of its unique design. The handmade accessories are always look special and differ from others, and that is the main reason why customers prefer to buy handmade home accessories. For instance, as the picture shows below, it is a handmade LED wall lamp which is made by shells and sands. It is a handmade product that should keeps the designs unique such as the place where shells and sands are placed.

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Monitoring and analytics

The following tools help monitor the health of your site. They will let you know where your customers are coming from, and can give helpful information regarding demographics and site activity.

Google Analytics

Google Analytics is a free service that Google offers to everyone. It helps track and report the behaviors of the visitors on your wholesale gold jewelry site. If you have Google Analytics installed on your website you can determine where your visitors came from, and can see what channels are bringing in the most traffic and customers.

Google Analytics can be a bit overwhelming for first timers. Luckily, Google offers free training for you to become a pro at using their systems. You can even take a certification test at the end of the training that will test your skills and knowledge.

Monitor.us

This is a great tool to have installed next to Google Analytics. Monitor.uswill constantly scan your site for up and down time, and will alert you immediately if your site goes down for any unexpected reasons. They offer a free 15 day trial for you to test all of their monitoring services. After your trial, they downgrade your account a free version if you decide not to pay a monthly subscription. The free version still alerts you to any downtime on your site, but limits what features you have access to. You can learn more about their product and pricing here.

Get the word out

Once you have your website set up for tracking and analytics, you can oversee where customers are coming from. But, how do you reach those customers? That’s where the following tools will help you attract new customers.

Google AdWords

Just like Google Analytics, Google AdWords is a free product from Google. This tool will help you manage your search and paid-per-click (PPC) campaigns. It will also help you set up relevant ads on Google search results to attract new customers. There are many sources for free training on how to use Google AdWords. If you’re interested, you can become Adwords Certified by taking an Adwords certification exam to test your knowledge on online advertising.

Although the service is free, the keywords and phrases that you select and bid for will not be free. Each time someone clicks on the ad you set up through AdWords, it will cost you the predetermined price that Google declared for that keyword.

Hootsuite

Social media is a necessary factor to any successful business. The problem with social media is managing the various platforms your brand is present on. It can be very time consuming to keep a consistent content and posting schedule. Hootsuite is a great tool to help you schedule posts across all the networks you’re on over multiple days,. This is especially useful if you are scheduling for a couple of days, like over the weekends! Hootsuite offers a free 30 trial, after which you will have to pay a subscription fee of $9.99/mo to continue using the service.

Also Read: what is epacket shipping

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The 3 Step Dropshipping Business Plan(1)

Choose the right Dropshipping business philosophy

The truth is, what you sell is important. You should spend some time finding the best direct selling business ideas. Most people will tell you to choose a niche market that you love. But this is only half the fact. This is about a combination of profit and passion, and tends to profit. The reality is that the best direct selling business ideas are often profitable. When you really make money, it is much easier to be passionate.

At Chinabrands, we save you time by creating a list of trending dropshipping products on a regular basis. Indeed, those people tend to be inclined by people, but this is because they are proven to be winners. It is illogical to enter a niche without competition. I have learned a hard way. Fitness, fashion, jewelry, beauty, technology, handbags and backpacks are some of the evergreen niches that we continue to see in the top online stores.

If you're planning to present your own streamlined business ideas, keep the following in mind:

Google Trends is a good fit for understanding whether the niche market is up or down. However, for its part, it is not enough to just determine whether a niche is feasible. Some niches may be on the rise, but there are not enough search volumes to guarantee their popularity.

Use Google's Keyword Planner. What is the search volume for keywords? If you're using the free version of Keyword Planner, you'll notice that you have a wide range, which makes it hard to know if your niche keywords are worth pursuing. Ask your friend or boss if they are paying for Google Adwords to see the competitiveness of your niche keywords. Use Google’s Keyword Planner to help you understand the potential of your simplified business ideas.

Hey on social media. I made the idea of ​​improving business ideas by doing analysis of competitors. I will be browsing Facebook ads on top brands' niche and social media pages. How many fans do they have? How do they market their own brands? How much participation did their brands get? What can I do to stand out against them? What should we copy?

Browse popular sites in your niche. For example, if you look at a fashion retailer's website, they usually organize the store into a trend category. This will help you understand the trends that should be added to the store immediately. You can also browse the best-selling products in the store to help you find the best-selling products.

View the order quantity of the product. Within Chinabrands, you can browse the product based on the order quantity to help you understand the actual popularity of the product. If they are not as high as other products, please do not rule out forwarding business ideas as these products may be updated.

The most profitable direct marketing business idea is not a trend. Instead, they have their own trends. For example, denim clothing is a trend in fashion niches. Artificial eyelashes are a trend in the beauty field. The marble phone case is a trend in the phone case. You want to see trends as products, not entire stores, especially if you are building a long-term business. So keep this in mind as you work on streamlining your business plan.

Also Read: what does drop ship mean

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