Today we are joined by Mark Peterson, founder of Ecom Blueprint and a thriving e-commerce…
What have you heard about dropshipping? So many hold a lot of assumptions about this business. But only those in the system know how much you can earn with your online store as a drop shipper. So let’s check on How Melvin Makes $100K Dropshipping Products.
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Young Melvin Chee, a 22-year-old student from Australia, had just tried dropshipping after trying many online business options, which he woefully failed in almost all.
By accident, as you may call it, he had just stumbled upon a dropshipping group on Facebook during a semester break and, over time, got the motivation to start doing business with Oberlo.
What happened has been more of a mystery: how his dropshipping store on Oberlo made over $100k+ in just three months.
Melvin said he had decided to try dropshipping after coming across Oberlo on Facebook in December.
Over time, he had thought it wasn’t better to try it during the break for the semester, and he did. And that was how it all started.
However, knowing that your dropshipping store can become a mega business is a huge plus, as it will help model your business plan as a drop shipper.
So, are you considering owning a dropshipping today and building a 6 figure store like Melvin?
Let me, guild, tell you all you need to know to start dropshipping today.
What is Dropshipping?
Like other e-commerce businesses, dropshipping involves selling products in a digital platform called a store.
However, dropshipping is delicate because you do not own the products you sell. And so you do not need to buy the products in your store to start.
You must get orders and payments from your customers and send them to your suppliers.
And it will be shipped directly to your customers within a specific time.
So you need to handle these products yourself.
So you can make a consistently changing decision today like Melvin; with less than $100, you can start a standard dropshipping store on Oberlo.
So, what do you need to set up a fantastic dropshipping store? You will need an audience (i.e., your online market), a domain/store ID, and a store subscription for Shopify and Oberlo.
When everything is ready, you only need to drive more traffic to your store.
Choice of a winning product
Dropshipping is one business that works better when you narrow down the niche in which you want to work.
A lesson from Melvin: He focused his dropshipping store on youth clothing and accessories, knowing that the clothing category is vast.
He understood that gaining the correct traction was essential, so he added value to every piece of his product.
Imagine having a T-shirt with the inscription ‘I Speak Sarcasm fluently”; you would grab a lot of attention from your target audience.
So, as a prospective drop shipper, you must first resolve how best to add value to your potential customers before setting up your store.
Choosing a Market Strategy that works for your store
As a prospective drop shipper, the first consideration is the best market strategy to generate sales for your store.
Today, social media platforms are the best marketing channels to make it big in the e-commerce industry.
As Melvin pointed out, he had leveraged the power of Instagram. In just three months, he built an online presence of over 130K followers on Instagram and thus converted them to sales.
However, you might consider retargeting and call-to-action posts to ensure you exhaust all options for presenting your store to your audience.
Also, learning more languages is crucial to breaking ground as a new drop shipper. This will help you to communicate with your clients in their native languages, which in turn boosts confidence.
Melvin suggests that you run your campaigns on platforms like Instagram for beginners so you can get a vast audience to market your product to.
Thank you for reading How Melvin Grossed Over $100K in 3 Months with Dropshipping. Did you find anything worth practicing? Kindly share below.
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