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.
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...
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...
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...
There are many ways of selling products on Amazon's platform using the dropshipping methodology or FBA. As a seller you can piggyback, create original listings or private label. What is private label you might ask? Amazon private label is using a manufacturer's generic products but remarketing under your business/retail name with your packaging and logo. It's a super profitable business model when done properly, the unfortunate reality is that for most people, it's costly. Most private label sellers use amazon FBA and buy upfront - and follow YouTube videos where you’re told to spend money on ads for every single product. When done properly, you can do it without spending much on ads, but not many people teach this - we do!
Now, before you start with private label, there are a few things to consider. You decided to take the Amazon private label route, now what should you do? First you need to do your research on the product that you would...
Amazon is an awesome eCommerce platform to start a business whether you are a beginner or experienced. Best way to sell on Amazon is via dropshipping which is less capital intensive than FBA. Did you know that there are 2 ways to sell on Amazon? The 2 ways are listing branded products or unbranded products. Some have preferences on what they want to do or they do a mixture of both. Personally, we do both.
List and sell branded products that are already selling and ranked by Amazon. With the right suppliers, this is the simplest way to list as well as grow a substantial business. However, with the levels of competition, profit margins are usually a bit smaller but it is still the fastest way to scale an Amazon business and it is still very profitable. The great thing about selling branded products is that you do not need to run ads or PPC because it is an item that's been ranked and selling - it essentially cuts some of the work out for you.
Need some tips and tricks to increase sales on your Amazon store? Or maybe you need some advice before you start listing your items. Here are four Amazon selling tricks you can change or implement on your existing or future product listings.
1. OPTIMIZE PRODUCT DETAILS FOR SEARCH
Just having a generic and most basic details about the product you are selling is not enticing to potential customers. You cannot sell a customer your product with generic and basic details, especially when they cannot hold and feel the product. The customer can only view it online. This is why optimizing your product details is crucial. Having an in-depth product detail will not only help sell the product to the customer, but they will have a better understanding. It is almost equivalent to asking a sales rep at a store about the details of the product they want to purchase.
2. USING COMPETITIVE PRICING
A great pricing strategy that you should be implementing in your business(es). This...
There are a few basic but very important rules of thumb and things that a lot of entrepreneurs don't always think about. Not sure what I'm talking about? Or maybe you have an idea where this is going. These are a few ways to increase the value of your Shopify business.
Believe it or not, blogs do play a crucial role in your business. Blogs can attract new customers organically, and it could also be used for email sequence. However, it can't just be any type of blog. It needs to be relevant to you and your business. Blogs should be quality content. Blogs are an awesome tool that you can utilize to increase traffic. At least post a blog at least once a month minimum. Try to aim 500-1000+ words. Blogs can help build trust with potential customers. Don't be afraid to share your blogs on social media. This will help with SEO too. You can definitely outsource this part unless you enjoy the blogging yourself.
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...
Having a single business can be high risk when it comes to building wealth. It's best to have multiple business or simply just having multiple sources of income. It's important to have a foundation for long term sustainability. You never know when one of those pillars could be knocked down.
Building wealth can come in many forms such as eCommerce, day trading, real estate, etc. Multiple sources of income and business will have more security than just one source of income. Especially when we don't know what could happen down the road. Different business models could become obsolete. This is why you should think long term and be prepared.
In this video, Kevin dives deeper into building wealth with dropshipping, Amazon, and Day Trading with a little sprinkle of mindset.
Check out more of Kevin's videos here:
SupremeCommerce Youtube Channel
There's a lot of opportunities with a dropshipping business, that everyone should be taking advantage of. It's one of the fastest way to earn with eCommerce. We're here to drop 10 reasons why you should jump into action and start with this amazing opportunity.
1. LOW STARTUP COST
Luckily starting an eCommerce business is a low startup cost, especially when you're doing the business by dropshipping. It's even more affordable when you do everything yourself in the beginning, instead of paying $20, 000+ to get someone else to do it for you. You're better off purchasing a training program that teaches you exactly what to do at a lower cost such as our DIY Amazon Automation for $1297 than paying $20, 000+. We'll dive a little deeper when it comes to the profits later on.
2. ZERO STOCK/INVENTORY
Another great reason to start a dropshipping business is you don't need to have stock or inventory at your home or your warehouse or whatever...