Welcome to the SupremeCommerce Training blog! Where we discuss in depth about eCommerce, Amazon, dropshipping, digital marketing and investing, this blog is designed to keep you up to date with all things business and wealth.
Amazon is a great platform to start an eCommerce business. There are a few different business models when it comes to selling on Amazon. We're going to dive into dropshipping and what the pros and cons are.
Dropshipping is a business model where you don't have to keep any products you sell on hand. Instead, when a customer purchases a product from you, you purchase the item from your supplier, and the supplier will ship directly to your customer.
Now that we've discussed the business model, lets talk about some of the benefits of dropshipping such as low overhead costs, no warehousing, no buying bulk, etc. However, there are also downsides to this model such as high shipping cost, difficulty of returning items, etc.
- Low start up costs: you can do the business model yourself. You don't need to invest thousands up front, especially if you're just starting out.
- No warehousing: your supplier will be housing all the products for...
Amazon is one of the most popular websites for shopping, but it's also a great place to sell products. Amazon has made it easy for sellers to list their products and get started.
Amazon has a lot of benefits for sellers. It's easy to list items, and there are many features that make it easier to track sales and manage inventory. Sellers can also make use of Fulfillment by Amazon, which allows them to store their product in Amazon warehouses and ship them when they're ordered.
Selling on Amazon is a great way to increase your sales. You can reach a broader audience and get the product in front of more people. Plus, you can use Amazon to grow your business. Amazon is the world’s largest online retailer, with more than 300 million active customers. It offers you an opportunity to reach millions of potential customers and grow your business.
Amazon’s platform has been growing rapidly over the past few years, with many new features being added every...
Welcome back folks! Today, we are going over Shopify's expectations and what the reality is when it comes to running a business through Shopify. Shopify is an awesome platform, especially to those who want more of a say when it comes to pricing, policies, etc. Before getting into a Shopify business, you really need to understand the reality of the business and not what you see on social media. Let's get started!
Expectation #1: Signing up and setting up is super easy and can be done quickly!
Reality #1: Signing up for Shopify is simple, and setting up can be simple IF you know exactly what you're doing. If it's your first time, it can take some time setting up your storefront. You have think of your store name, themes, policies, terms of service, and so much more. If you're newer to the business model, it may take a few days to have everything set up. If you're seasoned, you could probably bang it out in a day!
Expectation #2: Money...
Thinking about starting an eCommerce business with Amazon? Amazon is a great platform to sell on. However, there are many misconceptions when it comes to selling on Amazon, and for that many entrepreneurs quit their business. We're going over expectations versus reality when it comes to having a business on Amazon.
Expectation 1: Signing up is easy peasy!
Reality 1: It may be simple to sign up, but there's a lot of necessary steps and documentation needed. What most people don't realize is that all your documents need to match when you are signing up. You'll also need to get verified by an Amazon rep.
Expectation 2: You need thousands of running capital.
Reality 2: When it comes to FBA (Fulfilment By Amazon) you will need approximately $5,000 or more. When it comes to dropshipping, you can start with $500+. The more the better as these are minimums!
Expectation 3: You can start making money ASAP!
Reality 3: It really comes down to your...
Many people who want to get into eCommerce have a lot of expectations how the business goes. Most of it are misconceptions or "gurus" tell you how it is, but in reality it's far from the truth. When entrepreneurs set out to start their business in the eCommerce sector, they end up quitting because of these set expectations that they see from everyone else. Now, let's talk about some of the expectations are and what the actual reality is.
Expectation 1: Starting an eCommerce business is easy peasy. You don't have to put much work into it.
Reality: Starting an eCommerce business takes hard work, dedication, time, and consistency. You need to put in the work for your business to be successful.
Expectation 2: You only need to work an hour a day.
Reality: When you first start your eCommerce business, you're going to be putting in a lot of hours in the beginning. When you see entrepreneurs putting in 1 or 2 hours a day, that's...
Welcome back! In this blog we are going over some of the cons selling on Walmart. In the last blog, we went over the pros of selling on Walmart so make sure to go check that out before reading today's blog! Selling on Walmart is a great opportunity for eCommerce sellers that would like another source of income. But like other eCommerce platforms, there are some cons. Let's get into it!
Before you are able to sell on Walmart, you have to go through the hurdle of being approved to sell on Walmart. It's not an easy peasy process. Many people get their applications denied if they don't know what they're doing. The unfortunate thing is sometimes you're going to need to register a new LLC or company to start the application process again.
Low Profit Margins
Walmart is known for its low prices for their customers. For sellers to be able to sell their products, they would need to have affordable prices which means profit margins could be...
Selling on Walmart is just another awesome platform for eCommerce! Walmart is almost similar to Amazon. Walmart is continuing to grow, just last year online sales in 2020 it grew 79%. Today, we're talking about the pros of selling on Walmart.
Expand Your Reach to a New Customer Base
Did you know that the Walmart Marketplace receives over 120 million different and unique customers? That's just on a monthly basis. A great place for customer to go shopping of they can't find the item they're looking for elsewhere. You can leverage customer traffic, especially when you can sell your products to an established customer base.
Only Pay What You Sell
What's Walmart known for? Well, it's known for its low prices for their customers. Best part is, it's the same for sellers! Walmart has simple price format for its sellers. Oh, and no set up or monthly fees (score!). However, Walmart has a referral fee when there's a completed purchase. Referral fees depend on the...
Shopify is your go to eCommerce platform, and it's great for those who have a creative streak. You create your own store to your liking (but also keep in mind of your potential customers and your niche). You create your own listings whether it's a niche store or you sell everything and anything. With Shopify you have 100% full control of your business and you can create your own brand. Shopify has low fees (under 3%) and you would need to do your own marketing and advertisements to scale your business.
On top of all that, Shopify has the best tools, apps, and much more to help you get even more sales with your store. Since a lot of Shopify sales will come from mobile, Shopify already optimizes your store for mobile. It's fast, efficient and organized. But, let's get to the meat and potatoes and talk about Shopify apps and are they safe?
Now, you would expect that Shopify being a pretty decent sized platform would look into all...
Did you know that you can dropship using Facebook Marketplace? Well, as a matter of fact you can. Many eCommerce businesses are expanding onto this platform. US Facebook Marketplace offers shipment and payment through the marketplace, whereas Canada hasn't quite reached to where US is.
Facebook Marketplace started out as using the platform to sell things locally, usually pre-owned items. However, over time FBMP has become another eCommerce platform that sellers can use. It's a similar method that you would use on Amazon.
If you're going to dropship on FBMP, best route to take is wholesale dropshipping, and a lot more sustainable for longterm growth. You're in control of your business in terms of warehousing, packing and shipping. Prices from the manufacture doesn't fluctuate as much like retailers do.
You could also do retail arbitrage. It is another great business model if you are willing to package and ship the items from...
Having trouble to find what products to sell? Maybe you're having trouble to find which keywords to use, or what you should be pricing your items. First things first, pick at least 2-3 major categories you'd like to sell on Amazon.
Now, that you've picked your categories, you can start your process by finding successful products to sell on Amazon. You want to find competitive or dominating products with good pricing and a mixture of low to high keywords.
In this video, Kevin goes over Amazon product research, and taking you step by step through the process. This is great for those who are struggling, or are brand new to selling on Amazon.
WRITTEN BY: Leslie Lazaro