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.
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
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A question that gets asked a lot is "will eCommerce die". eCommerce is definitely not dying. Now, some people may say it's dead because they aren't making any sales. The reality is, their business could just not be doing well. We have many blogs to help guide you to improve your business(es).
Many business owners lack consistency and give up very easily. You need to be consistent with your business. Consistency helps you establish your brand, build trust, and deliver effortlessly and efficiently. When you're established, sales will start rolling in. When you don't put in the effort and not being consistent with the effort than you won't see those sales and start thinking eCommerce is dead but really it's just the business failing. When you realizing the business is failing, it's when you can take action- learn what changes need to be made.
eCommerce is expanding beyond the world wide web. It has not only expanded to mobile and tablets, but now...
Wondering how some businesses succeed and others fail? There are many reasons to why an eCommerce business can fail. We are going to break down some of the reasons why eCommerce businesses fail, and what you can do to mitigate those issues.
Many business owners lack consistency and give up very easily. You need to be consistent with your business even if it is just an hour or two a day that you dedicate your time to your business. Being consistent helps you establish your brand, build trust, and deliver effortlessly and efficiently. Being able to take time and learn from your mistakes and become better.
Not investing in yourself to learn how to run a business. By investing in yourself with purchasing a course can help you tremendously. You will have a coach and mentor to help you. Investing in a course, you are getting the methods and strategies that made us and others successful because we want to see you succeed with your business too....
You finally decided to start an eCommerce business. Now you are riddled with which eCommerce platform you should start with or what's best suited for you. We absolutely love Amazon as the first place to start with your eCommerce business. With Amazon you can quickly scale your business. Shopify is great but it takes a little bit more time. eBay is another platform but you won't be able to scale as much as Amazon. Let me break it down to you about each platform.
With Amazon as your go to eCommerce business, there's a monthly cost of $40 for a professional account. You can list as many items as you want with no listing fee. There's a charge of 8-15% seller fees for most categories. You can already sell on pre-existing products (also known as piggybacking) and can scale your business quickly. The best part of piggybacking is you do not need to spend money on ads since it is already selling. This business model is very attractive and...