Watch the video, or read the Blog Post below.
If you are interested in the dropshipping niche, chances are, you would know at least one person who runs a dropshipping business, but is somehow unable to generate as much sales as one might expect. Do a little more digging and you'll find that many dropshipping stores are in the same situation as that colleague: they have the perfect website, a strong and abundant email list, and everything else they would need, but they just weren't selling enough to be able to call their stores profitable.
You could ask around to know what the problem is, but I'll let you in on a little secret: I most probably know what their answer would be. "I'm not reaching enough people (even though they already have thousands of accounts on their email lists)," or "I'm not pushing my ads too much (even though you see their ads on Facebook almost too frequently)," or "My team just isn't performing the way I want them to (even though they have a perfect group of professionals and experts working for them)."
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If you yourself are running a dropshipping business and find that it is, in a way not working out for you, it might just be that you are doing something completely wrong. It literally could be anything within your system, but today, I am going to discuss one of the most common mistakes that, when made, can have a huge negative impact on your overall profit and sales.
Why Most Dropshipping Stores Fail
The real reason why most dropshippers fail to generate sales through their stores over a set period of time is because they are focusing on the wrong tasks. And by doing that, they are making the problem bigger than it needs to be.
The success of every dropshipping store starts with them finding the perfect winning product to sell. So, unless you have that specific product, there's not much point in focusing your time, energy and resources on things like email marketing and scaling up ad sets. Just picture this: how can you advertise something to a broad audience if you are not even sure if they would want to purchase it? Why would you even want to create and run more ads when only a few people seem to be interested in it?
Case Study on Dropshipping
I did a case study wherein I create a dropshipping store from scratch. In it, you can see the whole process of product research and testing, website creation, development and optimization, product scaling (the highlight of this case study is when I scale a product from 0 to a hundred thousand dollars in the first 30 days of operation alone) and everything else you need to know to be able to create a successful and profitable dropshipping store yourself.
All of these processes have been documented and compiled into 150 videos, which, in turn, are subdivided into sections especially made for certain topics. You can learn more about this case study by clicking this link.
To give you an overview, here are some of the topics that we will be discussing in the course:
- Finding a product and scaling it;
- Optimizing your website to increase conversion rates;
- Creating and launching ads to determine the profitability of the product;
- Finding and building audiences inside Facebook;
- Building look-alike audiences;
- Testing new interests;
- Learning how to scale up;
- Building your back-end;
- Email marketing;
- Customer service and order fulfillment; and more!
Why am I telling you all about this? The point is, dropshipping is a system made up of steps; you can't just simply climb two steps up at a time and expect to not fall down! And if you're planning to juggle between two or more projects at a time, there's a good chance that you are going to mess one thing up and the rest will follow.
Instead, if you break down big tasks into smaller and simpler ones, you'll find it extremely easy to focus on each one of them and accomplish them accordingly. Over time, you'll find that you will be able to consistently chip away through these little tasks until you reach what I like to call the snowball effect.
I have been in the dropshipping business for quite some time now, and trust me when I say that looking at your business as a step ladder and doing one thing at a time is effective in terms of proper task management. I started from selling a $39 product three times a day and slowly made my way up and scaled it; now I'm making up to a thousand dollars EVERY SINGLE DAY!
Let's Wrap It Up!
Before you even try and reach out for the big guns, remember that your success story should always start with you finding the perfect product to sell online. There's no shame in investing a great majority of your time into this process; at the end of the day, you'll be thanking yourself for not going with the first product you see.
Here's another piece of advice: the best teacher you can ever get is experience; so, why not learn from those who are already doing well with their businesses? Be on the lookout for the top performers on your niche: observe their websites and offered products and try to implement their systems to your own website. And no, you won't be subjected to copyright issues as long as you get creative and add your own personal touch to it.
You can learn more about this when you sign up for my 0-100k case study. Click this link and enter a huge library of how-to videos now!
And if you are in need of any help in finding a winning product, I am here to help!
So, before we end this post, I would like to invite you to my monthly membership group, The Pirate Club, where you can get everything you would need to build a successful online store. By joining in and becoming a pirate yourself, you gain access to the following:
- The Pirate Academy;
- The Pirate Product App;
- The Pirate Community; and loads more!
Intrigued? The Pirate Club is now open with an early-bird pricing plan, so be sure to grab this super affordable deal before it expires!
If you have any more questions about dropshipping in Australia or anything regarding this video, feel free to personally contact me via the Contact Form HERE. You can also leave your comments and feedback below, and our team over at WagePirate will definitely get back to you with a response. For more reviews, news and updates, don't forget to subscribe to my YouTube channel!