Common Mistakes Entrepreneurs make when Choosing Dropshipping Products - PowerPoint PPT Presentation

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Common Mistakes Entrepreneurs make when Choosing Dropshipping Products

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Starting a dropshipping business is a good decision as it allows you to quickly launch your ecommerce store. However, the products you choose to sell will play a key role in taking your business to the next level. To put it simply, the products you sell will make or break your businesss. – PowerPoint PPT presentation

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Date added: 11 December 2019
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Provided by: lindaemerson089

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Title: Common Mistakes Entrepreneurs make when Choosing Dropshipping Products


1
Common Mistakes Entrepreneurs make when Choosing
Dropshipping Products
2
  • Starting a dropshipping business is a good
    decision as it allows you to quickly launch your
    ecommerce store. However, the products you choose
    to sell will play a key role in taking your
    business to the next level. To put it simply, the
    products you sell will make or break your
    businesss.
  • If achieving business growth is your key goal,
    avoid these most common mistakes when finalizing
    dropshipping products.

3
  • You Choose Seasonal Products
  • If you want to do business all year round, it
    doesnt make sense to sell seasonal products.
    Conversions are a big challenge in the
    off-season. Seasonal products are in great demand
    only during specific period of the year.
  • A better option is to choose products that have a
    steady demand. Think of starting an Electronic
    components store and expect regular traffic and
    sales.

4
  • You Choose Heavy Products
  • One of the biggest drawbacks of selling heavy
    products is that they have a high shipping cost.
    Successful online entrepreneurs often advice to
    avoid products that are not easy to ship.
  • It is observed that shipping companies charge a
    hefty fee for products that are more than 2 kg.
    More the package weight, greater the shipping
    cost. This in turn will deter your customers from
    making a purchase. Even Dropshipping suppliers
    are not in favor of delivering heavy products.

5
  • You Sell Popular Products
  • Many entrepreneurs in an attempt to boost sales
    quickly decide to sell popular products. This is
    one of the biggest mistakes as one gets hardly
    any returns on investment.
  • You will have to face very stiff competition when
    you opt to sell popular products. It is often
    said that popular products are fast selling
    products but the competition is so strong that
    your business will suffer from low profit
    margins.
  • So understand the competition before you choose
    any product. In case the product you decide to
    sell is being sold by many other entrepreneurs,
    you will find it very difficult to earn decent
    margins.

6
  • You can Start online IT hardware store, as IT
    hardware is a profitable product category sold
    online. It is a proven low competition niche that
    gets enormous monthly searches and is extremely
    profitable.
  • All in all, it is not a wise decision if you
    choose dropshipping products that make your
    business suffer from low conversion rates.
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