So here we are, I know some of you want to step out from the corporate world and start your full-time business now. And maybe, some of you might have heard from a friend that this kind of dropshipping business is really profitable, well, yes that’s correct. But don’t get me wrong, there is a high chance that you can still fail in this kind of business. So today, I want to discuss with you some common mistakes drop shippers make that made them failed in this industry. As the saying goes, “Prevention is better than cure.”1. You don’t need a penny to start - Not just in dropshipping, but in any kind of business, this is one of the most enemies of everyone, having a wrong expectation. Maybe some of you heard that the dropshipping business doesn’t require any investment to start with. Well, that’s correct, but it may require you a lot of hard work and effort. Since your mindset is not investing a penny, you might not hire an assistant to do the other tasks for you, so you have to do all the tasks by yourself. So you have to spend long hours working and sleepless nights just to build your brand. Since your mindset is not investing a penny, you might have a hard time advertising your products. With that, you need to do a lot of hard work to get enough traffic and sales with your products.You can still be successful by not investing in an assistant or even with paid advertisements. But if you can afford it, why not right? And you will be surprised about the conversion rates and additional sales in your business.2. Spending too much money in the wrong advertisement - Now that you heard that dropshipping business can provide more results when you have paid advertisement, now you are willing to invest all of your money for ads. But the question here, is it guaranteed? The answer is a big NO! I want to tell you this, there is no 100% guarantee in this world!Since you’re willing to invest money in a paid advertisement, I suggest you do some research first on how you can have effective ways of paid advertisement. There’s a lot of free articles out there in google or video tutorials on youtube that you can learn from. Or if you want, you can also purchase some courses on how to land an effective advertisement that converts. And if you are not willing to invest time for this, what I can suggest is that you can hire a freelancer like FB Ads expert or social media manager that can provide more results and conversions for you. It might be an additional cost, but I assure you, you’ll have a better chance of having more sales!3. Not Effective Customer support - And now, you have set up your business, you have your website, you already have your social media accounts and all your ads are running. So, what now?The next thing that you have to consider is to have an effective and great customer support. This is very important. Customer service is the face and backbone of the business. Bad customer service means bad business. Unsatisfied customers can give you bad reviews into your social media accounts and they will not even recommend you to anyone. And good customer service means good business. Once you have satisfied and happy customers, aside from they might recommend you, they will also be returning customers.Most of the time, it doesn’t matter if you have the best product or not, as long as you have a good product and excellent customer support, success is near your business.4. Unclear Return and Refund Policy - Since you are in dropshipping business, you should always expect that there is always a chance for delayed orders, damaged orders, wrong orders or even untrackable orders. And you should know how to explain and handle this kind of concern into your customers. You have to give them an assurance that they should get what they paid for, it’s either a refund or a resend of their products.If the customer asks to resend the products, some sellers ask their customers to pay for the shipping fee again. If I am a customer, I should be angry. Why should I pay for another shipping fee if I already pay for the first one? This is not my fault why you can’t send and I didn’t receive my products, why should I pay for the shipping fee again?So most sellers come up with the solution for this, instead of asking their buyer to pay for the shipping fee again, the seller will be the one that will shoulder the shipping fee.It might be a little bit of loss for your income, but imagine, you will still have a happy customer and he might return in the future to buy products again.5. Choosing the wrong supplier - There is a lot of suppliers dropshipping companies and suppliers out there. So how will you know what would be the best one for your business?
I'll try to explain to you some things that you can do when choosing the right supplier in your business. The next thing you have to do is research with the supplier and which one can provide your needs best. You can check their reviews on google or even with their facebook page.You need also to check if their customer support is offering 24/7 support which can be very helpful with your business. So just in case, you have any concerns or if your customers have any dispute, you can contact them easily.After that, you can try to put a sample order for yourself. With this, you can test yourself the quality of their service, packaging, delivery time-frame, and also the response rate of their customer support just in case you have any questions. And after that, you can decide for yourself if they are a good supplier for your business or not.
Hope that this short article helped you. And since you already in dropshipping business, I highly recommend to you CJ Dropshipping to give it a try. We have 24/7 support, very friendly agents, we have no setup fees or even monthly fees! What we charge is just the products cost and shipping fee. With CJ Dropshipping, you can send a sourcing request and we can process your orders the same day!If you have any questions and concerns, please leave a comment below and we will be more than happy to assist you!
Top 5 Money Making Industry
here in PH without Investment
1. Vlogging - Here in the Philippines, vlogging is very familiar for almost all of us. Maybe a lot of you are familiar with vloggers like Cong, JaMill, Lloyd Cadena, Ranz Kyle & Niana, Alex Gonzaga and many many more to mention.CongTV is an entertainment vlog that started on February 2008, and now he is earning up to 1.5M per month. While Lloyd Cadena started in 2010, also an entertainment vlog and now earning up to 1.5M per month. Alex Gonzaga, a Philippine Celebrity, started vlogging in 2017 and just for two years, she’s now earning up to 3M per month. JaMill started Dec 2016 and now earning up to 13M per month. Because of these successful vloggers, now, many Filipinos are also very eager to become a successful vlogger and to earn a lot of money. Who doesn’t want to earn millions of pesos every month while having a lot of followers and doing what they want, right?If you think you have enough charisma and worth spending time of contents, why not try this? Maybe this is the right opportunity you are waiting for! But don’t forget, “Nothing worth having comes so easy”.2. Afiiliate marketing -Affiliate marketing is one of the best ways to make money online from home. Most companies offer this since this is a win-win situation for both the company and the one who promotes the company. So what happens here is that you need to promote their products or services on Facebook or any social media that you prefer, and they pay you commission each time someone buy a product or service from the link you provided. Some companies that offer this kind of program are Lazada, Amazon, Zalora and you can also check our affiliate program which is CJ Dropshipping.In this kind of business, you can be your own boss and you can work anytime you want. Since they don’t pay you any basic salary, they don’t really care if you work hard or not. Because they will only pay you once you make any sales or you sponsor someone. This industry is also very rewarding once you generate enough traffic and become sales to your affiliate partner. Imagine having a vacation at a 5-star beach with your family and loved ones while earning passive income from your affiliate partners.3. Blogging - If you are a type of person who likes to write, then blogging can be a way for you to earn money without investing any money capital. There are a lot of successful bloggers out there. You can be a successful blogger by writing about dogs, cooking, travelling, photography, self-improvement or anything under the sun. You can earn in blogging by putting some ads in your site, affiliate links, selling digital products, or even selling memberships. Blogging may takes time before you earn, but if you really love what you are doing, then it might be worth investing time doing it.4. Online Selling - To start this kind of business, you have to create an account with online platform like Lazada or Shopee, then you can start selling. If you are not familiar with those platforms, then you can just use your Facebook account to sell your items. Also, Facebook now has the Marketplace where it became more seller and buyers friendly.With the help of the internet and social media, there are a lot of traditional sellers shifted to the world of online selling. Imagine you can have customers that see your products anywhere they are as long as they have internet connection. And imagine you have a store that can operate 24/7 without paying for overhead expenses like electric bill, water bill, and monthly rent.5. DropShipping - Since we already tackled online selling, another booming industry or business now is DropShipping. Compare to traditional online-selling or ecommerce, you need to have your items on hand or you need to buy stocks before your customers buy the items from you. Then, after they pay you, you have to pack those items and transfer it to the courier for shipping to your customers.But compare to DropShipping, all you need to do is to sell the items in your store, then your dropshipping partner will take care of everything. They will pack the items for you and they will be the one who will send the items to your customers’ doorsteps. And aside from that, you don’t have to keep your items on hand and you don’t really need to buy items in advance. It’s like you will only buy the products from your dropshipping partner right after your customers already paid the orders to youDropshipping here in the Philippines is just starting so most of the online sellers out there are not yet familiar about this system. Dropshipping will save a lot of your time from packing your items to sending it to your customers. It will also lessen the risk in your business since you don’t have to pay for any overhead expenses and buy items in advance. So that you can focus more of your time and energy for the advertising and marketing of your business. And good thing about this kind of business, you can start with less capital or even without investing any money. CJ Dropshipping can help you about this since they don’t ask for any sign-up or membership fees compare to other dropshipping platforms out there like Oberlo and Ali Express.
Drop shipping is a business model where a Retailer never fulfills orders manually and instead tasks a Supplier to ship products on their behalf. Essentially the Retailer acts as a “middle man,” often listing items on their website at a profitable margin, while purchasing said items from a Supplier at a cheaper rate. What typically happens is a Dropshipper will build an ecommerce site and list all the products which they have access to. Then when they receive a purchase, they would turn around and buy the product, with their own money, and list their customers credentials as a shipping address. Then when the customer receives their order, they would be reimbursed by the Payment Gateway they’ve installed on their website. In other words, it is a newer form of albatross marketing, where you as a Dropshipper will take orders from online customers, buy goods from a Supplier, then have them delivered directly to the Customer without physically touching or managing stock. All requests are satisfied and transported directly from a wholesaler, such as CJ Drop shipping. This enables you the Dropshipper to focus more on building your brand, advertising and driving sales.Thus, drop shipping provides you a way to easily start a business at a relatively low cost. Giving you the ability to scale a company from the ground up with little to no risk. It is entirely possible to build an empire with just one winning product. You do not have to pull a loan and go into debt buying inventory, only to deal with massive over head because the units didn't sell. You don’t have to deal with the cost of renting, management and maintaining a warehouses.In conclusion, Dropshipping is the perfect means for you to start a business on a low budget. Numerous companies started their web-based business with Dropshipping, Amazon, Zappos and Wayfair just to name a few. The ecommerce industry is steadily growing simply because it’s profitable. The only question you should be asking yourself is “how soon can you feasibly start your own business?”