8 bank building tips for starting a CASH COW Dropshipping business
8 bank building tips for starting a CASH COW Dropshipping business
Tip 1 The dropshippers reputation is YOUR reputation.
Make sure you go through a legitimate site such as Salehoo, Worldwide Brands or DOBA. They are established communities with security measures each and every wholesaler has to pass. They charge fees, but deliver peace of mind.
Tip 2 Be 100% aware of shipping times.
Make sure you have a concrete delivery time so that you can feel sure you are telling your customer the truth. The customer won't care about the wholesaler if their package is late they will send their anger your way. Make sure the wholesaler has tracking numbers so orders can be tracked and delivery dates/times more transparent.
Tip 3 Make sure your customer knows you don't personally hold inventory.
Make sure to state Shipped straight from supplier.
Tip 4 Excel in communication.
If delivery times change or an order cannot be met, let your customer know right away! This is the strongest fundamental of any business!
Tip 5 Dropshippers should NOT have a minimum quantity.
Cheaper prices for bulk are normal, but a true dropshipper should be able to meet orders of 1.
Tip 6 Don't put all eggs in one basket!
Deal with more than one dropshipper, always look for better deals, and don't be afraid to leave a dropshipper if they are not delivering as promised.
Tip 7 Know the product you are selling!
Order a few test products for yourself. You will feel better and will ultimately be more successful if you know you are selling value and quality.
Tip 8 Baby steps.
The bottom line is that Dropshipping is a wonderful and profitable way to make a living, but like everything else start slow and build up to larger orders as you become more comfortable with the process. Baby steps first
With these tips you will be on your way to a successful online business!