Multiple businesses solutions

How Dropshipping Works? 😳
1. Create your online store and add products.
2. Customer Places an order.
3. Dropshipping supplier ships the order to your customer.
4. You make profit!
How much you will need in 2022?
$2000 – The more the better
Top it off by $500
-$1000 on a monthly basis
Costs 2022 Dropshipping
Shopify Plan - $29.99 Monthly
Domain Name - $14.99 One off
Theme $19.99 Monthly
Logo – Free
Apps - $20-$100 Monthly
Marketing - $1000 - $5000
Business Setup 101
Set up LLC or LTD before Starting
Make the company name same as your store, and congruent
Get Company bank account & Credit Card
Speak to a Local/ National Accountant before starting
What makes a winning product in 2022?
1. Done for you product – Does the work for you
Ex - Hoover
2. Subscription model products – convenient
Ex- Hoover bags, razor blades
3. UGC Content Products
Ex- Tiktok natural videos
4. Influencer Friendly – Easy to Promote
5. Multiple Marketing Angles
Ex- Psychology, Emotion
6. Niche country selling - selling the product to only the French market
Ex- French Market, German Market
7. Entertainment Features
8. Not found in common stores – Walmart
Best Niches 2022
Jewelry
Gaming – Phone Controllers – Desks
Photography/videography
Gifting seasons – Birthdays – Father’s Day
Technology – Fun Quirky products
Pets - Clothes – Toys – Grooming
Kids -Clothes -Toys
Beauty – Makeup tools – Cosmetics
Product Research Methods
TikTok - Top
Facebook Ad library – ALL to find if the product is validated
Tiktok ad library – conversions, Trend discovery
Peeksta
Sellerpoint
Ecomhunt
Spocket
Suppliers & Logistics
Dropshipping Suppliers
• CJ Dropshipping
Sourcing if the product doesn’t exist
• WIIO
• YAKyoffy
• HyperSKU
• AliBABA Dropshipping
• uDroppy
• Zendrop
Bulk-Ordering Suppliers
This option is available after vadilating product
• AliBaba
5 to 10 Gems
Less Experience and History – Product Quality is not good
How much shipping cost
What is the minimum order quantity?
How much for a sample?
Common Questions When Bulk Ordering
Getting Samples from 5 Suppliers to 10 and ordering to your house, ordering to an agent trusted.
If you are selling Jewelry, get it from different manufactures, and may increase customer satisfaction.
Proper fulfillment agent or fulfillment service (Uni Express, the 4PX)
3PL China and USA is to satisfy the customer.
Between those 4 manufactures you can decide in product quality
• What are the benefits of ordering in bulk?
o Increased product quality
o Decrease COGS
COGS - Cost of goods sold is the total amount your business paid as a cost directly related to the sale of products. Cost of goods sold is an important number for business owners and managers to track.
o More control of supply chain
o Decreased shipping times
o Can create bundles/offers
• What are the downsides of ordering in bulk?
o Risk
• When do I order in Bulk?
o 2-4 Weeks of Consistent Sales
o Depends on your risk tolerance as well
• How much do I order in bulk?
o Depends on risk tolerance and current volume
o Project how much stock you’ll need for around 3 weeks and go from there
o Start with a small order in case your store dies out
o As your brand grows and becomes more confident, make bigger orders
Fulfilling Orders When Bulk Ordering
• There are 3 different methods of fulfillment that I’ve used when bulk ordering
o 3PL (in China)
 Takes care of IOSS for you
 Great communication
 More expensive than usual
 I use Ecommops
o Private Agent Warehouse (pre much a smaller 3PL in China)
 Great communication
 A bit cheaper
 Can’t take care of IOSS
 A lot faster
o In-house fulfillment (fulfilling from my location)
 Full control of the supply chain
 Faster shipping (3-5 days to USA)