Setting up a business has become a trend. According to the World Entrepreneurship Report, 57% of people said they were willing to sacrifice some of their free time to work on their business idea.
The trend is getting stronger and one of the preferred businesses for people is linked to building an e-commerce website with dropshipping.
Boko Marketing has 5 important tips that you might follow to start your own online business with Shopify and make your dream of becoming your own boss come true.
Choosing trendy products
First of all, you need to be clear about what kind of business would you like to have. There are many products on the market, but not all of them are equally well received by the public to buy online.
Even Though, the demand is growing for products that weren’t sold on internet before such as shoes It is important to know which are the trends and choose a range of products that suits what you want to offer and what your potential market is expecting.
To find products on demand one option is to google the best sold items in Ebay or Amazon and decide the best option for you. Here is a list of the products that will be the trend in 2020:
- Products for pets
- Wireless and Bluetooth products
- Health and beauty products
- Cell Phone Accessories
- Jewelry and fashion
- Travel accessories
Establish the profile of your potential customers
You already have a product to sell, the step to follow is to establish a customer profile, these will allow you to take your product to an effective sale in the easiest and fastest way.
A good product with a poorly focused potential customer profile can affect the sales of your website, so you must classify your target audience according to their age, their location, their interests, their income, etc.
Choose the platform of your preference, the most recommended, Shopify
Shopify is an e-commerce platform that allows you to build and manage your own e-commerce and import products easily from Ali Express in a couple of clicks.
Shopify gives you the ease you need to manage your products, it’s simplicity in the back end minimize the possibilities of hiring a developer. You can choose 14-day free trial, and then choose the plan of your preference. From AUD 43 per month with the basic plan, up to AUD 434 per month.
With this platform you get what you need for your web store, so you don’t have to worry about buying a domain and hosting. Shopify also gives you thousands of template options to modify your website to your preference.
Remember that with dropshipping you don’t need to worry about warehouse or the delivery of your products
The storage, as well as the shipping of your products, is usually one of the reasons why it is difficult to start your own business online because it implies high costs.
A powerful alternative is dropshipping which represents a method of shipping and delivering retail orders that do not require you to have your products in a store or warehouse (You will never have the product you are selling in your own hands)
This has its advantages due to the low costs and profitability that your business acquires by assuming this model. However, it is important to know how to handle it, because on the way there can be problems with shipments, supplier errors and low-profit margins.
Create your financial plan
This allows you to know exactly how much capital you are going to invest in your business and includes investment in products, rental payments, equipment acquisition, service payments, shipping payments, etc.,as required by your business.
Keep in mind the capital you will invest on digital platforms such as Google Ads and Facebook. If you are starting your business, we recommend an initial budget of 500AUD for Facebook Ads and 1,000AUD for Google Ads.
After you have these five points clear, it’s time to launch your new business and start your e-commerce dropshipping business.
Remember that in Boko Marketing we offer you all you need to make it right. Contact us and we will gladly attend your requests.