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SupremeCommerce Blog

 

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.

Why Amazon Drop Shipping Can Be Risky

Why Amazon Drop Shipping Can Be Risky

 

Drop shipping on Amazon can be a great way for small businesses to get started with selling products online. However, it is important to be aware of the potential risks involved, as drop shipping on Amazon can also be risky. In this blog post, we'll explore some of the main reasons why drop shipping on Amazon can be risky, and what you can do to protect yourself.

First, it's important to understand what drop shipping is. Drop shipping is a retail fulfillment method where a store doesn't keep the products it sells in stock. Instead, when a customer places an order, the store purchases the item from a third party and has it shipped directly to the customer. This allows the store to sell a wide range of products without having to invest in the inventory upfront.

One of the main risks of drop shipping on Amazon is the potential for counterfeit products. Counterfeit products are fake versions of legitimate products, and they can be very...

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Starting an Amazon Business in 2023

Starting an Amazon Business in 2023

 

Starting an Amazon business in 2023 can be a lucrative and rewarding venture. Here are just a few reasons why you should consider starting an Amazon business this year:

1. Amazon is a trusted and well-known brand: Amazon is one of the most well-known and trusted brands in the world, which can give your business credibility from the start. Customers are more likely to buy from a business that is associated with Amazon, as they know they can trust the brand to deliver high-quality products and excellent customer service.

2. Amazon has a large customer base: With over 300 million active customer accounts, Amazon has a massive customer base that you can tap into. This means that you have a huge pool of potential customers to sell your products to.

3. Amazon has a wide range of tools and resources: Amazon provides a range of tools and resources to help businesses succeed on the platform, including fulfillment by Amazon (FBA), which allows you to...

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Pros and Cons of Amazon Dropshipping

Pros and Cons of Amazon Dropshipping

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.

The Pros:
- 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...

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Pros to Selling on Amazon

Pros to Selling on Amazon

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...

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Shopify: Expectations vs. Reality

Shopify: Expectations vs. Reality

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...

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Amazon: Expectation vs. Reality

Amazon: Expectation vs. Reality

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...

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eCommerce: Expectation vs Reality

eCommerce: Expectation vs Reality

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...

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Cons of Selling on Walmart

Cons of Selling on Walmart

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!

Walmart Approval
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...

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Pros of Selling on Walmart

Pros of Selling on Walmart

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...

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Shopify Apps And Are They Safe?

Shopify Apps And Are They Safe?

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...

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