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.
Another battle of the eCommerce platforms. This time we are diving in between Amazon vs. eBay vs. Shopify. All three platforms are great to start an eCommerce business. However, each have their pros and cons. We personally like Amazon the most, followed by Shopify, and eBay. Let's break it down between the three platforms.
Selling on Amazon, there's a monthly cost of $40 for a professional account. It's $0 to list items, so you can list as many as you want. 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 FAST. But, you can also build a brand and have brand recognition. Building a brand becomes a long term sustainable business where you can scale your business HUGE in the long run. There's no need to spend money on ads when piggybacking since the items are already selling which makes it very attractive and lucrative for...
We teach our students dropshipping whether it's with Amazon, Shopify or eBay. Everything is taught step by step. However, here are some great tips when it comes to dropshipping if you're new at it.
1. FIND THE RIGHT SUPPLIER FOR YOUR PRODUCTS.
Any products that you want to sell, make sure you're getting them from a reputable supplier. While you're looking for a good supplier that works for you, you can also look at the prices that have a lower cost. Lower cost on the item you want to sell equals higher profit margins for yourself.
2. AVOID UNDER-PRICING YOUR PRODUCTS.
When customers are shopping around, they want to purchase items that have a great perceived value. By pricing your items at a good value, you will attract customers to your business. If you have under-priced items, customers may think that item isn't of great value or "cheap".
3. CREATE AN AMAZING OFFER.
Customers love receiving some type of offer. When creating an offer, it doesn't...
Deciding to take the plunge and start your eCommerce business? That’s great, we’re here to help you with every step of the way. Are you deciding between Amazon or eBay? Don’t worry, we’ve got you covered. We’ll break it down for you with Amazon versus eBay.
eBay in general typically has lower fees than most Amazon categories – but Amazon categories such as electronics have lower fees. eBay charges 10% final value fee (FVF), while Amazon charges 15%. eBay charges a PayPal fee (2.9% of the sale price plus a flat rate of $0.30), whereas Amazon does not. eBay sellers keep an average of 5.13% more of their profits than if they sold on Amazon. However, Amazon is 10x bigger than eBay – which means it’s a more suitable platform to scale your business HUGE!
Amazon has 100s of millions of customers, whereas eBay has 10s of millions of customers. Amazon is easier to list on pre-existing products, and eBay is...