It is often the case: a person gets an access to some verified dropshipper wholesale list and have no idea what products to start with. The easiest (and often recommended) way is to begin with some product category you have knowledge of.
I do not share this point. In my opinion it is a much better solution to start with those products that can bring you a nice profit margin. No doubt – you will get profits from dvd dropship much different from jewelry items or electronics dropship. It makes sense to spend some time to research the industry and the market (you know – some advanced dropship directories now integrate market research in-built). Then slowly test the sales and the entire process on eBay or Amazon. And finally start your own e-commerce store.
Selling higher priced tickets is also less time consuming. You can expect much higher demand for dvd’s than for DSLR photo cameras. As a result, you need to make much bigger volume of work to process the orders, to accept payments, to reply the buyers’ e-mails and complaints, to control that all items are available and shipped by your wholesale dropshippers, etc.
Just another case study of dropship website that is on sale. I think our dropship businesses on sale series is a great way to see what products are more profitable to dropship. And certainly you know that you can always invest some money and buy a fully functional dropship business that deals with the products you would like to dropship.
Established Online E-store, Electronics dropshipper, $12,500 in sales a month
$10,000-$15,000 sales a month, $2,500-$4,000 profit a month
• URL: MonkeyTech.com.au
• Established: 24 Jul 2007
• Uniques/Month: 4,500
• Page views/month: 10,000
• Monthly Revenue: $10,000 – $15,000
• Listed: 5 Oct 2007
Description:
This website, www.MonkeyTech.com.au, is a very well established website, that took several months to design and set up, until it’s launch in Late July 2007.
So even after only a few months, www.MonkeyTech.com.au has already had over $25,000US in sales! And this is in AUSTRALIA ONLY! Just think about the money that could be made if Monkey Tech went global!
Monkey Tech sells:
- Digital Cameras
- Video Cameras
- Handheld Consoles
- Memory Cards
- Mobile Phones
- Projectors
- Multimedia Players
- D-SLR Lenses
- Batteries
- Games
We have numerous Drop Shippers and wholesalers that we use to get our products, with some being in Australia, and the rest all around the world! We have built up very strong relationships with these Drop Shippers, meaning fast deliveries, and amazing customer service from them. These Drop Shippers, will ship worldwide with tracking.
Sales per month are about $10,000US – $15,000US on average. Total profits around $2500US – $4000US a month. Here are details for September sales online:
September:
Total Sales: $11,100.00 US
Earnings: $2,550.00 US
Expenses: $650.00 US
Profits: $1,900.00 US
Orders: 18
These are our sales figures, and as you can see, VERY BIG numbers. And keep in mind, THIS IS AUSTRALIA ONLY! I just don’t have the time and patience to add prices for United States, United Kingdom, Canada, New Zealand, and other countries! THE MONEY YOU COULD MAKE IS…. HUGE!
Running the business takes usually only 1.30 hours a day AT MOST. Duties include:
- Processing orders (ordering from supplier and sending tracking numbers/shipping info to customers)
- Answering customer questions (via email and/or phone if you provide a phone # on site)
- Updating site with new products and out of stock notices (even if this does take time, the orders you get from it will be worth it!)
- Our suppliers do ship internationally, so you never have to worry about carrying un-needed stock
- Managing PPC/Advertising campaigns ( it is up to how aggressive you want to be with this… honestly we have not managed our current PPC/Advertising campaigns very well and there is a lot of room for improvement in this area, if you want to invest the time)
- Any SEO you may want to do to the site, as not much is being done at the moment
Advertising:
We currently advertise with Australian companies:
www.getprice.com.au (this one costs from $200-$350 a month), and provides great advertising on several websites.
www.google.com/adwords (used less, but very good for advertising in multiple countries, can cost about $40-150 a month)
www.shopping.com (we use this on and off, but when we use it, very good advertising, can get costy though)
You see that the website takes just 1.30 hour per day to run this electronics dropshipper store properly. Just 18 orders bring over $11,000 in earnings. Imagine how many low price items you need to sell to make that volume.
Yes, and the owner has distinctly outlined the possible directions to increase the sales. It is not a secret that online electronics market is oversaturated. But do you know markets that are not oversaturated today?
So, my point was to show that it makes sense to target high priced tickets with your dropship business to maximize your earnings with business model that is call dropshipping.
[tags]dropship, drop ship, wholesale, ebay, e-commerce[/tags]
