Running a Full-Time eCommerce Business | What Should You Expect?

Flexible hours, fancy cars, a lovely mansion, a nice watch, and traveling around the world — check. These are some of the things that attract most people, and possibly you, to starting an eCommerce or dropshipping business. But is it really the daily life you can expect once you have a full-time eCommerce business?

Sorry, but the short answer is no. 

Not what you expected, right? 

I know you’ve seen videos online and heard about eCommerce store owners making passive income and living the life. They go on vacations all over the world and own fancy sports cars. But before you brand me as a dream killer, let’s get some things straight first.  

First, a successful eCommerce empire can afford you such luxuries and possibly more. Secondly, whereas running such a business is not your typical 9-5 job, it also requires a lot of work. So, if you think starting an eCommerce business is your ticket to easy riches, think again.

Lastly, full-time eCommerce business owners don’t spend all day every day cruising on yachts or relaxing at a beach waiting for cash to trickle in. 

So, what’s it like in the day of a full-time eCommerce business owner? In this article, I’ll give you an overview of what my day is like as I ensure my business empire continues growing to provide you with a rough idea of what to expect. 

An Early Start

To ensure that my workload is easily manageable throughout the day, I like waking up early in the morning. Immediately after getting out of bed, I take a refreshing glass of cold water. 

In addition to increasing alertness and fueling your brain, drinking water the first thing you wake up has several benefits. So, I strongly recommend that you make it part of your daily routine.  

I Check My Slack Messages

Screen grab of Peter Pru discussing his general workday

Running a full-time eCommerce business requires using several different tools and systems to streamline processes and enhance coordination. One such tool I use is Slack. It comes in handy when communicating with colleagues and clients. 

The last thing you want as an eCommerce store owner is bottlenecks or other challenges derailing the process. So, before attending to anything else, I take about 15 minutes to read and respond to my Slack messages. This ensures that all urgent matters are addressed before the workday officially begins. 

Get in Some Exercise for the Body and Mind 

As with most other things in life, it is difficult to run and scale your online business empire if you do not take care of yourself properly. Good health and a mind ready to take on challenges are invaluable assets.

This is why I spend one hour working out in the morning as I listen to an audiobook. For me, the audiobooks that I prefer are autobiographies. Then, after the workout session, I take a cold shower, making me even more alert and ready for work.

I Get to My Desk by Eight AM

Online business owner arranging client calls and meetings

Officially, my day begins at 8 AM. This is when I get to my desk and begin tackling the day-to-day activities of my online business. 

Some of these activities include:

Meetings 

Over the last five years, Ecommerce Empire Builders has been fortunate enough to grow from an unknown brand to a relatively popular one. During this period, our team has grown to over 30 people, and we always have plenty of clients at any given time. 

To ensure everything is going as planned, a significant portion of my day is spent meeting colleagues and clients. 

Client Work

The eCommerce journey has plenty of stops in between. If you are new to it, it may be intimidating to begin. This is why we assist people such as yourself in starting and running successful online empires. 

Depending on clients’ needs, budgets and availability, we offer different levels of support through services such as:

  • Business in a Box: This is for individuals who have the budget to start a full-time eCommerce business but not the time. Our team will handle all the tasks so that you do not have to worry.
  • Advertising Management: We help you reach your target audience by reaching them when they’re ready to make a purchase.

Some of our other services also include Facebook image creation, email sequences, and market research. As such, I also spend time handling such activities for my clients. 

Research

As you prepare to venture into eCommerce, you should know that it’s anything but static. At any given time, there are developments taking place. These can range from products in high demand to effective marketing strategies.

Therefore, I spend a lot of time each week monitoring the trends and doing product research. This helps me and adjust my approach accordingly and ensure the support I offer clients is beneficial. 

I’d love to tell you that it only takes a couple of hours for me to get everything done, and the rest of the day is for me to use as I please, but that’s not the case. 

Usually, my day ends at 6 in the evening. Of course, I’ll have some 10–30-minute breaks now and then to rejuvenate. During these breaks, I love taking walks with my wife and daughter. 

Discipline Is Key

Screen grab of Peter Pru discussing discipline as part of running a full-time eCommerce business

At this point, you now have a clear picture of what it takes to be a full-time eCommerce business owner. While it can be very rewarding, I strongly believe it’s not for everyone. 

This is because there’s not only a ton of work involved, but you will also have teams and clients counting on you. Depending on the scale and nature of your business, this comes with a lot of pressure. 

So, if you are not ready to take on such responsibilities, you’re better off not running an eCommerce business full-time. However, this is not to say you shouldn’t start one. As with most people, taking it as a side hustle is also an option.

Now that you know a day in the life of a full-time eCommerce owner is like, it’s time to start building your empire. At Ecommerce Empire Builders, we’re here to help you. Sign up for my free webinar, where I’ll take you through the steps I took to create a full-time income online. Also, subscribe to my YouTube channel for insights and business tips. Tagged : / / / /

Top Tips for Making Money Online: Start Growing Your Online Business Today

eCommerce, affiliate marketing, dropshipping, selling digital products, and courses rank high among the ways of making money online. The list is endless with diverse options that you could consider. These fantastic opportunities allow you to take control of your finances. Whether you are currently holding a full-time position and are looking for a few extra bucks or have ambitions of becoming a full-time entrepreneur, there are numerous ways to achieve this goal. Follow these tips for making money online and navigating the online business world.

Leveraging Online Business

You need to know that most of these options work. They can earn you some good money from the start. However, you have to choose an option that will work best for you. Mostly, the choice of online business depends on your situation. You’ll first need to figure out your target market and your preferences. This initial step helps you settle your mind on your preferred niche

Once you settle on your preferred online business, work on getting multiple income streams to your business. How do you achieve this? It often comes down to selecting the right target market. Use these three criteria when choosing your best market:

1. Ensure That Your Market Is Evergreen

Never sell to a niche that won’t exist after a short time. These target markets can impair your business growth in the long run. Nobody wants to enjoy a few fruitful weeks or months then get into a slump because of the loss of clients. 

2. Avoid Groups That Have a Lot of Brand Loyalty

If 90% of your target buys from one or two specific brands, then you might have difficulty growing your presence. Opt for a niche that is more interested in the product than the brand that sells the product. You could also work on your marketing strategy to gain a consistent following as you start making money online.

3. Opt for a Group That Appreciates Both Physical and Digital Products

Diversified products ensure that you have multiple sources of income. Setting up your business with numerous products places you in an excellent spot and increases your chances of success. 

Finding the Perfect Niche

Peter Pru discussing the different types of products that can be sold online

Think about your current niche. Do they have a lot of digital products? Are people consuming lots of information from influencers? Are the influencers using ebooks and physical products to get to the target market? When you find a diversified niche, you can cash in on digital products, physical products, and affiliate marketing opportunities. 

With the perfect niche, you can leverage multiple sources of income as your business grows. It is essential to take advantage of numerous business models to sustain your business’s progress. However, your growth won’t be sustainable if you try to do everything at once. Build and compound the different income streams progressively. 

Grow Your Business Sustainably

Focus on a single product at a time to make the most of your business strategy and start making money online. Work on growing your business model before you decide to diversify your products. During your growth cycle, keep doing market research to learn more about your target market’s preferences. Such information will guide your adoption of other income streams. 

Once you start diversifying your products, quit running your business with a one-track mind. At this point, you’ll need to spread out your energy across multiple income streams and remain open to your market’s changes. Set up your business in a way that offers various products and monetizes what you have as best as you can.

How Can You Invest Your Resources?

Dropshipper researching investments and cryptocurrency

Many people miss the boat on what to do with what they make online. Going from business owner to investor should drive how you approach your business. Very few business owners think critically about this huge transition. 

As a business owner, remember that you’re still working, regardless of how well your business is doing. The chances are that if you don’t show up, your business may not grow. Investments can prove to be a game-changer for many business owners.

Putting money from your business into different investments allows you to grow your profit margins exponentially. Work on keeping all your profits saved or invested away to ensure that it works for you and helps you develop an empire. The best investments will help you build real wealth that can transcend through multiple generations.

Most business owners shy away from setting up investments because they think that they need lots of money to get going. Investing small chunks of your total profit is better than doing nothing as it allows you to flourish. The idea is to take advantage of every tiny amount you get from your business. 

Passive Income Investments

Peter Pru discussing the importance of keeping earned money in investments

Once you make up your mind about transitioning into investments, then you’d want to consider passive income streams. Dividend-paying stocks can be an excellent place to begin on your investment journey. These companies will pay on a quarterly or monthly basis for owning shares in their company. You could also opt to invest in crypto. For example, you can purchase different cryptocurrencies then earn interest from them. 

As you work to grow your business empire, ensure that the success and failures of other entrepreneurs around you do not carry you away. Work squarely on building, developing, and sustaining your business, not just making money online. 

Work With an Expert eCommerce Team

Are you ready to build a profitable online business? At Ecommerce Empire Builders, we can help you find the resources you need to set up and grow your online business today. We can train you on finding the perfect niche and help you carve out a name for your business in your preferred space. 

Our team will help you move your dream from the infancy stage into a profitable business venture. Are you ready to leap into the eCommerce scene? Attend our exclusive free webinar today and learn about everything you need to create consistent online income streams. Find all the tips and tools you need to make an impact in the eCommerce space. Also, explore my YouTube channel for more insight about achieving consistent success in the eCommerce industry.   Tagged : / / / /

The Four Things You Need to Make $5,000 a Month in Online Sales

We’ve seen some of our Ecommerce Empire Builder students hit some amazing monthly totals with online sales. Some have hit $10,000, others have hit $50,000, and some have even hit seven figures. 

If you’re thinking about getting started with online sales or have already started and are stagnating, you’re probably wondering how you can get to those profit levels. 

Luckily, there’s a system for you to get there. 

We’ve had four of our students in our seven-figure club prove that while the group is hanging in rarified air, it’s an attainable goal. We’ve had even more people — 29 — hit $50,000 in a month. Also, 50 people have hit our $10,000 per month club. 

So how did they do it? What steps did they take to get to that level of success?

The Four Quadrants

Look, I get it. $5,000 a month can seem like an intimidating number for a lot of people. The truth is, everyone who began their eCommerce journey had a moment at the beginning where they wondered whether or not they could make a living from this. 

But it can be done — and there’s proof. 

Screen grab of Peter Pru recommending viewers watch student success story videos

My YouTube channel features lots of testimonials from members who have crossed the $10k, $50k, and seven-figure thresholds. These are people who followed our program, put in the work, and have seen the results. 

Watch these videos and listen to their stories (and share some love by liking/commenting while you’re there!). These are our students inside our eCommerce Empire Academy, so there is a lot to learn from them. 

When it comes to our students who hit the $10,000 per month club, how did they do it? How are so many people successful at this level — and why are so many people NOT successful? 

Our success stories come from a variety of business types and industries, but they all had at least one thing in common: they’ve mastered the four quadrants. 

These are the four things every business must identify to be successful. The quadrants are composed of:

  1. Niche
  2. Offer
  3. Funnel
  4. Traffic

Let’s take a look at each one. 

1. Niche

Online business owners assessing new strategies for online sales and marketing

Without a doubt, this is the most important component of building your online sales business. Of course, having a great product is critical here, but it’s not enough. 

Before you have a winning product, you need to know your niche and understand, “Who am I selling it to?” 

Start with the people who have a problem that you and your product can solve. Ask yourself the following questions: 

  • Who is my target audience? 
  • What are they already buying? 
  • How can we sell them something they’re already buying, but this time, they buy from us? 

The best way to identify a niche is to stay in the realm of passions and hobbies. These are tried and true areas, neither of which is going away any time soon. 

Trendy, viral fads can make short-term money, but they often dwindle and die. 

Pursuing passions and hobbies, which are typically long-standing niches, is a better way to set yourself up for long-term, lasting success. 

2. Offer

Screen grab of Peter Pru discussing how to make more valuable offers

Next, you have to identify your product, which represents your offer. This one is simple (but not easy). What are you offering your target audience in your specific niche? What product are they buying from you, and what reason can you give them to buy from you over your competitors? 

That’s the most crucial question to ask in establishing your offer. What differentiates you from everyone else? 

The term “secret sauce” is a cliche at this point, but it’s often used for a reason. It represents what one company has that another doesn’t. So what’s your offering’s secret sauce? 

When you explain what your offer includes that the competition doesn’t, you shouldn’t focus on price. Basing your offer on price is a race to the bottom. Unfortunately, that’s what you get on Amazon, and it’s no way to run a business. 

What you want to do is work backward. Craft offers from products your audience members are already buying. The easiest way to do this is to offer a bundle of digital products. For example: let’s say you sell a fly fishing rod. You can also include an eBook or video tutorial on fly fishing. 

These kinds of product packages offer added value to your customer that they can’t find elsewhere. It shows you care about their specific needs; you care about the people at the other end of the transaction. 

They can’t get an irresistible offer like that from Amazon. 

If finding your niche is the most important part, crafting your irresistible offer is the hardest. After that, it all gets much easier, and people will find a way to give you money. 

3. Funnel

Once you have your niche and your offer, you’re ready to build your funnel (i.e., a Clickfunnels or Shopify store). People often put this first because it’s tangible, whereas your niche and your offer are not. 

You can’t skip the steps, however. If your niche and offer are in place, and you’ve done the necessary research, the funnel building part is easy. 

It involves copywriting, crafting offers, and figuring out how to connect your audience to your offer. There are many training and templates available for you to help you do this

4. Traffic

Finally, the last quadrant is traffic. The strategy and tactics you use to build traffic streams will depend on your budget. 

You can go with influencer marketing, where you reach out to someone with an existing social media following. You give them money and creative materials (scripts, copy, etc.). Then they give you a shout-out on their popular channels, helping you make online sales.

This is the best strategy if you are on a tight budget. 

If you have more to spend, you can go with a paid advertising strategy, targeting platforms like YouTube, Facebook, and Google. This requires a higher budget because it’s expensive. But remember, your advertising is only as effective as the data about your buyers that you can give these platforms. 

The best answer is to mix in a little of both. Ads and influencer marketing that work together can be a powerful combination. 

If you’re looking for more valuable insight into how to make more online sales, subscribe to my YouTube channel for more tips. Alternatively, sign up for this exclusive free webinar on the simple eCommerce funnel I used to create a full-time income online.  Tagged : / / / /

Learn to Make Truly Passive Income With the Most Profitable Online Savings Account

Welcome back, empire builders! As I’m sure you’ve noticed, savings accounts are a joke. The average interest rate is 0.04% APY. That’s less than a tenth of half of one percent! It’s so low that when people find a bank offering 0.5%, they feel like they struck gold. Well, what if I told you that you could be earning between 6% and 10% APY? I found a savings account that can make it happen. So let’s get into the details of the most profitable online savings account I’ve found!

Disclaimer: Real quick, I just wanted to make one thing clear. I don’t claim to be a financial advisor, and this isn’t financial advice. I’m just telling you guys what works for me. You should always speak to a professional for financial advice and do your own research before making any investments or financial decisions.

The Most Profitable Online Savings Account I’ve Found

I’m sure by now everyone has heard of cryptocurrency and online crypto wallets. What you may not have heard is that many of these crypto wallets are now offering insane interest rates. I know when it comes to money, many people are naturally skeptical—which is good. So, for those wondering why they would do that, they’re doing the same thing the banks are doing: investing with your money.

Both your regular savings account and these crypto wallets are investing with your money to make huge returns. The only difference is, the banks are rolling in dough thanks to your savings, and you only get a fraction of a percent in interest every year. These crypto wallets are actually giving you back a real cut of the money they’re making off of your account, giving you a chance to earn big — completely passively.  

There are two crypto accounts that I’ve been using that I really like, so I’m going to go over them with you. Some of you may be thinking you know what I’m going to say already, but don’t worry, one of them is completely optional. Things also change fast in crypto, So even if you think you’ve heard this before, I encourage you to stick around through to the end.  

The Most Profitable Online Savings Account, Part One: Gemini Earn

Screen grab of Peter Pru explaining how Gemini Earn works

If you’re looking for the simplest or most stable method, this is the platform to use. Gemini is a crypto platform that acts as a marketplace to buy, sell, and send crypto. It also operates as a wallet to store it and earn interest. It’s just like any regular savings account, except with a much better rate. You just link your bank account and buy some crypto, like Bitcoin or Ethereum. Then you earn interest on the money you keep in the account.

They also have something called GUSD, or Gemini US Dollars. It’s the platform’s brand of crypto, and it’s what’s called a stable coin, meaning it tracks the US dollar one for one. One GUSD is one US dollar. This is where I’m putting all my savings. I’m converting it into GUSD and leaving it to earn interest. Gemini pays out about 7.4% APY, which is crazy high compared to a bank’s savings account.  

The Most Profitable Online Savings Account, Part Two: Celsius Network

Screen grab of Peter Pru discussing the high potential earnings through Celsius

This one is completely optional. Like I said, if you’re only going to use one, Gemini is the one. However, I like Celsius because their rates are a good amount higher. They’re currently offering 8.88% for GUSD, which is a substantial difference. However, the rate does fluctuate a good amount. The interest you earn from Celsius gets paid out every single week, so it can start compounding and making even more money.  

My Method for Using the Most Profitable Online Savings Account

If you’re looking to earn some passive income but you’re more interested in a stable rate, the most reputable company, or using only one platform, then I’d recommend Gemini. I use both, and they’re both very reputable. But for those looking for the simplest method, this is the one. 

If you’re looking to make the most money, you should use Gemini and Celsius in conjunction. That’s what I’m doing. I’m keeping around 70% of my savings in GUSD in Celsius and approximately 30% in Gemini, just to mix it up.

One thing I don’t like about Gemini is their low rates for other Cryptocurrency like Bitcoin. They’re offering 2.05%. That might sound high compared to traditional banks’ interest rates. However, when you look at Celsius, they’re offering 6.2% for Bitcoin so it’s a really huge difference.

While you can use only Gemini if you want, you can’t use only Celsius. Gemini is a crypto marketplace where you can buy Bitcoin and GUSD. Celsius, on the other hand, is just a wallet. You can use it as a powerful savings account, but without Gemini, you’ve got nothing to save in it. So, you really do have to use either only Gemini or both together. The dual strategy gives you access to the most profitable online savings account, but either strategy is worth looking into. 

The simplest thing to do to get the most out of it is to create the Gemini account, link your bank account to it, buy the GUSD, and transfer it to the Celsius account to earn more interest. It’s a few extra steps, but it’s the only way to do it. Then you’ll be able to take advantage of the best that both platforms have to offer and make a good amount of passive income.

Final Thoughts on This Strategy for Passive Income

Happy dropshipper seeing high returns after using one of the most profitable online savings account

This is my favorite way to make completely passive income and my biggest secret for getting the most reward for the least amount of effort. I’m going to be showing you guys a lot of different ways to make money, the best way to build an online business, how I make the most of different business hacks, financial tricks, and all that kind of stuff.

This method is the only way I know of to actually make 100% passive income with money you were just letting sit in a savings account. This way, you’re just doing the same thing, but much more effectively through the most profitable online savings account. I hope this helped you and that you enjoyed learning about this. If you’d like more of these kinds of tips, I’d love to hear your thoughts. Also, subscribe to my YouTube channel for even more videos in the future.

To learn how to build your own ecommerce empire with dropshipping, sign up for my masterclass. I’ll teach you my secret to making a full-time income online with a five-page funnel without touching a product, building a site, or investing in ads. I’ll even throw in the $100k funnel template FREE just for showing up. Remember, your empire starts now! Tagged : / / / /

How to Make $250 a Day Online Without a Website

Are you wondering how to make $250 a day online, all for free and without a website? Facebook Marketplace dropshipping could be your ideal solution. 

As a Facebook dropshipper, you can make thousands of dollars promoting trending products from eCommerce sites such as Etsy, Amazon, eBay, and more. All you have to do is choose a trending product with a substantial value, such as furniture and other handmade products, and begin promoting it on Facebook Marketplace at a substantial profit.

With Etsy’s more than 4.3 million active sellers, the marketplace seems to be a goldmine for high-quality products. That’s why Etsy dropshipping often seems too good to be true. For instance, you could source quality handmade furniture for about $1,000 and sell it on Facebook Marketplace for as much as $1,250, making a profit of $250 on the spot. 

Facebook Marketplace Dropshipping Options for How to Make $250 a Day

Dropshipping is a business model that suits risk-averse entrepreneurs looking to begin an eCommerce business without the need to manufacture products, carry inventory, or ship the items to their customers.

Although you can opt for Shopify dropshipping, Amazon dropshipping, or eBay dropshipping, many people tend to prefer Etsy dropshipping for a variety of reasons, including:

  • The opportunity to sell handmade products: Etsy dropshipping allows you to sell a variety of handmade products which other popular dropshipping platforms don’t provide. So, you can sell unique and pricier products such as knitted blankets, handmade furniture, and other crafts.
  • Etsy is rich in certain niche-based products: If you want to sell handmade goods, wedding products, and printables, Etsy is an excellent marketplace for those niches. You might also be interested in dropshipping digital products or wedding accessories.

Why You Should Focus on How to Make $250 a Day by Dropshipping on Facebook 

Screen grab of Peter Pru on Etsy

Online store owners often spend a lot of money to reach out to new customers. However, Facebook boasts of more than 2.8 billion users, with most of them active several times each day. This creates a ready pool of potential buyers to reach out to with your products without spending a coin.

Besides, many marketing activities, such as gaining followers and posting content, are completely free on Facebook. Since some eCommerce platforms such as Etsy have one-click apps for linking products to Facebook, you can keep your product descriptions and inventory updated in real time.

If you want to reach a wider audience, Facebook advertising is quite inexpensive. Targeted ads can pull directly from your Facebook Marketplace. That means you don’t spend money advertising to users who have never shown interest in your products.

The Facebook marketplace customization tools are also pretty respectable. You can create a beautiful, clean storefront that showcases your products in different galleries. Additionally, you can leverage Facebook Insights to understand how customers respond to your products and posts. Typically, the infrastructure is set up for you, so you won’t need to worry about creating your payment gateway landing page. 

How to Sell on Facebook Marketplace for Free

Screen grab of Peter Pru showing how to use Facebook Marketplace

Once you know how to make $250 a day, it might be time to scale up your eCommerce business. In fact, it’s highly recommended that you automate your dropshipping business to break new barriers with your monthly earnings. However, if you’re in it for the short-term or want to make some extra dollars with a side hustle, you could manually import products to your Facebook Marketplace. 

Note that the process consumes quite some time when importing multiple products. Also, you’ll have to regularly refresh your supplier’s pages to make sure the stock levels and prices haven’t changed.

Having said that, here is how to import products to your Facebook Marketplace and begin your dropshipping business:

  • First, go to Facebook Marketplace and click ‘Create New Listing.’ 
  • When prompted for images of the product, grab the product images from Etsy or other eCommerce platforms that you want to sell from. You can either download and upload the photos or simply take screenshots.
  • When asked for the product description, simply copy the description from Etsy and paste it into Facebook. Do the same for the title, or create your own engaging title to encourage click-through.
  • Next, choose the right category. Set the condition to new and type in the brand name. Alternatively, you can simply name it “Branded” if you don’t want to disclose the brand details.

Pricing and Order Processing

When it comes to pricing, you’ll need to check the price from Etsy. Then increase it enough to cover your profit and the Facebook Marketplace 5% fee. Under Availability, select ‘List as in Stock’ to ensure you can continue selling the same product even after the listed item sells. Otherwise, the system will indicate “out of stock” status after a single sale. Once the item sells, head over to Etsy, add the item to the cart, and begin the checkout process. 

When prompted to key in the billing address, put your address. However, in the shipping address, use the customer’s address as placed on Facebook Marketplace. Now, here is the cool thing. Etsy will ship the item directly to your customer without you having to touch or handle the package.

Wrapping Up Our Thoughts on How to Make $250 a Day Online

Dropshipper considering different strategies for how to make $250 online

To wrap it up, Facebook Marketplace dropshipping is a simple way to make $250 or more per day. You can do this without having a website or setting up a sophisticated ecommerce site. It is fun, exciting, and highly profitable! If you’ve looking for a perfect side hustle that’s seamless to run at home and profitable enough to earn you a decent income, then you need to give Facebook Marketplace a try. 

At Ecommerce Empire Builders, we can teach you how to stand out in the eCommerce space. Our experts can help you launch and scale your profitable eCommerce business. So register now to learn how to grow your own wildly profitable eCommerce business without a website or any past experience! For more insights and tips, also subscribe to my YouTube channel. Tagged : / / / / /

How Much Money Dropshippers Can Make in One Month

If you’re new to dropshipping and want to find out how much money dropshippers can make within just one month, here we’ll look at one of our private clients and their results after a 30-day period. Their performance in their first month can give you an idea of how much you can actually earn in that amount of time as a newcomer. 

This particular client managed to make $2,500 in their first month, and we’ll review what they did right to get them there, along with what they did wrong. You can then implement what works in your own strategy to potentially see even more monthly earnings.

Many people just starting out with dropshipping come across people claiming to make tens of thousands or even millions on a monthly basis. But it’s important to stay realistic. In reviewing this specific client, we’ll go into detail about how much money dropshippers can make at the start.

How Much Money Dropshippers Can Make: Our Client’s First Month and the Stats Behind It

Before getting into our client’s stats and exploring their strategy, we can’t stress enough the importance of setting specific goals for your dropshipping business. Consider whether you want to get into dropshipping full-time, or if it’s strictly going to be a side hustle for the purpose of earning passive income

Either strategy can work, but it’s crucial to decide which to pursue at the beginning before you start building your business. Approaching dropshipping as a side project can help you make some extra money. But turning it into a full-time effort will take a lot of work (albeit rewarding work).

With that in mind, let’s review what our client did to succeed in one of their early months.

Looking at the stats for our client over the course of May, they made just shy of $2,500 using a two-step dropshipping sales funnel. This amount is pretty good for dropshippers who are new to this industry. As we take these earnings into account, there are certain stats to pay attention to. They include:

Opt-In Rate

The first stat to look at is the opt-in rate, which is critical. This client had a 53.17% opt-in rate throughout May, totaling 746 email addresses collected. This is an impressive number, as we believe that dropshippers should be making around a dollar per email. 

By continually marketing to these leads, dropshippers can maximize each lead’s customer lifetime value (CLV) as they come back for both initial and repeat purchases. You’re essentially throwing away free money if you’re not sending emails to leads on your lists.

Dropshippers often make the mistake of thinking that ad campaigns will be the main breadwinners, but this simply isn’t the case. There’s a lot of competition on social media and other platforms, including advertisers with thousands to spend on campaigns. So you aren’t likely to see a lot of money from ads alone when initially launching your business. 

This is why a high opt-in rate and consistent email marketing are both so integral to your success as a dropshipper.

Sales

Screen grab of Peter Pru discussing how to succeed with upsells

Our client saw an 8.98% conversion rate in May for their base products, which translates to 126 sales valued at $1,754.53. Again, this is ideal, as your conversion rate should be at around the 7-10% range from month to month. Additionally, one of this client’s upsells saw a 14.67% conversion rate, with 11 sales totaling $164.67. 

This is also a perfect percentage, considering most upsell conversion rates for similar products should stay in the 10-15% range. On the other hand, upsells for more premium, complementary products may be in the 8-10% range due to the fact that they’re new. 

A general rule of thumb regarding upsells is to sell customers more of the same product they just bought. If this strategy doesn’t work, you can simply visit Amazon; look for related products that people purchase together with your base product. In short, keep your upsells simple, and you’ll likely see ideal conversion rates from them.

In addition to this client’s base conversion rate and that of their first upsell, the client included three other upsells. Their second upsell saw a conversion rate of 17.98%, earning them $239.52 more. Their third and fourth saw conversion rates of 15.66% and 7.89%, respectively.

Altogether, our client’s sales totaled $2,490.15 for the month of May. 

The Importance of Subscriptions in Evaluating How Much Money Dropshippers Can Make

New dropshipper considering how much money dropshippers can make

It’s worth noting that the fourth upsell was a subscription. The client gained six subscribers, which means six sources of regular monthly revenue. Some people may cancel their subscriptions. But many won’t. These purchases are invaluable for earning free and consistent revenue, as well as more sales. 

Consider how many brands have succeeded with subscriptions, from Netflix to Dollar Shave Club. If you’re not offering a subscription of some kind, you’re missing out on a huge opportunity.

When offering a subscription, there are a couple of ways you can approach it. First, there are full-priced subscriptions like the one our client offered, or you can do a downsell such as a discounted trial subscription. 

Stay Realistic and Use the Strategies That Work

Screen grab of Peter Pru discussing a client business's May revenue

Ultimately, we were impressed with our client’s progress during this one-month period. They were able to generate a solid number of sales for their base products, along with upsells and subscriptions.

 They also saw a high opt-in rate of almost 1,000 new emails. This can bring in thousands of dollars through consistent email marketing efforts. If you can keep in touch with email leads and optimize sales through upsells and subscriptions, you’ll be able to get the results you want. In turn, you can meet your goals as you grow your dropshipping business and maximize revenue.

Want to learn more about how to excel as a first-time dropshipper? Want more resources detailing the best strategies that drive sales and reach the upper bounds of how much money dropshippers can make? Reserve your seat at the free Ecommerce Masterclass, and you’ll find out how to build a winning dropshipping business. You can also subscribe to my YouTube channel for more about what goes into a successful online business. Tagged : / / / /

2 New Ways to Conduct Product Research and Find Winning AliExpress Products

One of the best platforms to locate products for dropshipping businesses is AliExpress, and we’ve discovered two new ways to make it even easier to find winning products through them. To use these methods and find winning AliExpress products, you won’t require any paid tools. Instead, you can actually save time and money by using these strategies to pin down the perfect product using AliExpress alone. 

Here we’ll jump into these strategies to help you get the most from AliExpress and succeed with your dropshipping business.

1. Browse by “All Popular” Categories

The first method for easily finding winning products is to search for products in the “All Popular” category. You can do so by scrolling all the way down the homepage to the “Browse by Category” section in the footer. 

You’ll see a list of different categories to choose from. The list includes “All Popular,” “Product,” “Promotion,” “Low Price,” and “Great Value,” among others. Here, simply select “All Popular,” and it will take you to the next page featuring every popular category. 

Once you open the next page, you’ll see a list of popular categories in a wide variety of niches, including arts and crafts, bowling, bathroom products, computer cables and connectors, camping and hiking, and many more. Specifically, under each niche, you’ll see lists of the most popular keywords that people are entering when searching for trending products. 

For example, under the “Fishing” niche, one of the top keywords is swimbait. When you click on that term, you’ll be taken to a page showing all of the products on AliExpress that feature that keyword. 

All results are sorted by “Best Match” by default. So you can find winning AliExpress products that use that popular search term. This makes product research infinitely easier than simply trying to determine what’s best to type into the search bar to begin the research process. 

Browse Through Other Categories

Screen grab of Peter Pru showing how to use AliExpress categories

In addition to the most popular categories, we also recommend looking at products in some of the other categories available to you. For instance, if you choose the “Low Price” category, you can see a list of search terms pertaining to some of the cheapest products in your niche. 

Generally, we suggest you start browsing “All Popular,” followed by “Low Price,” “Great Value,” and “Reviews.” These are the four best categories on AliExpress to find winning AliExpress products. Using this method, you can easily figure out what’s trending in your niche to give you a good launching point.

2. Look Through the “Top Ranking” Section

Screen grab of Peter Pru explaining Top Rankings on AliExpress

The second method we’ve found helps locate the perfect item to sell is by taking a look at the “Top Ranking” section of the site. At the top of the AliExpress homepage, you’ll see the “Top Ranking” tab. This will take you to a page that lists all of the top-ranking products on AliExpress. 

We aren’t entirely sure how they develop these lists. But they’re conveniently broken into different niches, including “Picked For You” to start. Some of the niches you can choose from include consumer electronics, home and garden, health and beauty, and accessories.

We looked for some examples in the Home Improvement category. In this category, we viewed a list of top-selling and top-ranking products that included LED lighting for the home, night lights, measurement and detection devices, and more.

Starting with Your Mass Market and Narrowing It Down to Find Winning AliExpress Products

The big advantage of this section is that it breaks each niche into sub-niches to explore even deeper. This is crucial because we always recommend starting with your mass market and then narrowing things down to specific sub-niches. 

When you click into those specific sub-niches, like “Indoor Lighting” within the home improvement niche, you’ll be able to see an extensive list of popular products within that sub-niche. Some of the products we saw in this sub-niche included:

  • LED string lights for holidays
  • Multicolored LED light strips
  • Different types of bulbs for various garlands

You can then include these products for main offers, order bumps, upsells, and parts of subscription boxes. When you view each product, you can also further determine if it’s right for you based on all the details included. When looking at a page for LED lights, for example, you can see the:

  • Average star rating
  • Product reviews
  • Number of orders
  • Discounts

From there, you can do your due diligence and dive even deeper into each product. You may want to look at the supplier and make sure that they’re reputable. You can also test the product before offering it on your eCommerce platform.

Take Some Time to Find the Ideal Product for Your Business

Dropshipper researching new products on AliExpress

Using these two methods to conduct product research, you’ll be able to more easily find winning AliExpress products. Products found on AliExpress could include core products to sell. You can also find smaller products you can include as order bumps, upsells, and elements of subscriptions. 

In any case, be sure to review various products. Figure out what’s most compatible with your sub-niches, not just your niche. You may find that products in one sub-niche inspire some passion in you while others interest you less. The important thing is to find products that you truly care about selling and that your customers will also enjoy. This is why you need to identify products that appeal to both you and your audiences. This will ultimately help you boost sales and experience success.

At Ecommerce Empire Builders, we’re here to show you how you can excel with your dropshipping business. We can teach you how to get the best possible results with your efforts, whether you need help:

  • Starting to find winning AliExpress products
  • Choosing a niche to focus on
  • Learning how to build the perfect website and sales funnel
  • Other aspects of dropshipping

The key is knowing how to approach your new business as you just start out. For additional tips on how to grow your dropshipping business and earn a full-time income online using AliExpress and other tools, register for our free eCommerce masterclass today. You can also find new insights and dropshipping strategies by subscribing to my YouTube channel. Tagged : / / / /

How to Make $100,000 Every Month in Passive Income Investments

Empire builders, if you’re not already doing so, you need to make 2021 your year to start building passive income streams so you can make $100,000 every month in passive income investments. You, me, and everybody else love the idea of making money while we sleep. While it’s easy to see why passive income is such a hot topic, many people continue to get the actual concept of passive income wrong. I see many people classifying endeavors like eCommerce, blog writing, affiliate marketing, or even real estate investing as a passive income strategy. 

I’m going to tell you right now that each of these endeavors requires you to put in work and hours on the clock. None of these endeavors are truly passive. However, each of these business endeavors has the potential to grow your wealth and help you find passive income investments. Read on to learn what these passive income strategies are and how your road to making $100,000 every month in passive income can start today. 

The Road to Creating Passive Income  

It’s important to realize that creating passive income streams will require work. However, the good news is that anyone can start building passive income streams in today’s world. Anyone can get started, even with extremely limited funds. But before going about building these passive income streams, you should map out your strategy. 

The first element you should map out is your number for financial freedom. Your freedom number is how much money you need to make each month to be financially free. I mean so much freedom that you could sit on a couch watching Netflix all month and still be financially secure. 

Maybe it’s $5,000 a month. Perhaps it’s $10,000 a month, or maybe it’s even $100,000 a month. Whatever your initial goal is, just write it down before you get started. This will help you stay motivated on your road to true financial freedom. 

How to Start Creating Passive Income Streams

Peter Pru discussing how to start a business before focusing on passive income investments

Once you’ve mapped out your financial freedom goals, it’s time to start creating passive income streams. While eCommerce is not a direct passive income source, you very much need to start a business or side hustle on your road to creating passive income streams. 

However, don’t quit your day job just yet.

 I advise most people to stay at their current job for as long as possible when building up their first eCommerce business. Building an eCommerce operation is quite stressful, and staying at your job will help minimize the financial part of this stress by providing you a steady income. Once your eCommerce business starts making real money, though, you’ve struck gold. Unlike a traditional salary job, your eCommerce business is scalable. With an eCommerce business, you’re no longer just trading money for time. 

Why Building a Business Is the First Step

The extra money and profits you make through your eCommerce business are so beneficial to creating passive income streams. The additional funds you have from your business can be reinvested into real passive income opportunities. Ultimately, having your own business is the best strategy to reach financial freedom faster. 

The tax system is built for business owners. If you are dealing with salary from your job alone, you will be paying a ton of money in taxes each year. This takes away a good amount of money that could be invested into potential passive income streams. Having a business is the best way to have the tax codes work for you. 

A great resource to learn about making tax work in your favor is Tax-Free Wealth: How to Build Massive Wealth by Permanently Lowering Your Taxes by Tom Wheelwright. Pick up a copy of this book today to learn about tax-free wealth and how it can provide you with money to invest in more passive income opportunities. 

The Best Passive Income Investments 

Screenshot of Peter Pru discussing alternatives to traditional savings accounts and banks

Now that we’ve discussed why you should build tax-free wealth and increase your funds to invest in passive income opportunities, it’s time to look at some of the best options available to you today. I want to preface that I am not a financial planner and that the recommendations I am about to share with you are not financial advice. Always do your own research and talk to your financial planner before making investments. You can also watch my step-by-step guide to passive income here.

That being said, three of my favorite passive income investments are dividend-paying stocks, crypto coins, and interest from the U.S. Dollar.

1. Dividend-Paying Stocks 

Investing in dividend-paying stocks is a great way to obtain passive income. Blue-chip stocks — huge companies with excellent and longstanding reputations — are some of the best dividend-paying stocks to invest in. 

Stocks like AT&T or Coca-Cola have incredible histories. They also pay out good dividends to stockholders on the quarterly level. While these dividends are generally less than $1 a share, the compound effect is still your friend. Dividends that you earn can also be reinvested to buy more stock and so forth. So even if you start with just a couple of bucks to invest, the compounding will help you build wealth and create passive income. 

2. Crypto Coins 

I believe that cryptocurrency truly is the future, and that is why it’s in my top three passive income strategies. While I don’t typically recommend investing in altcoins, if you do your research and find a coin that you think has potential, it might be a good investment opportunity for you. The top five cryptocurrencies I am currently investing in are:

  • Bitcoin 
  • Ethereum 
  • Cardano 
  • Chainlink 
  • Uniswap 

While investing in Crypto is a great passive income strategy, I recommend taking a step further. I store my coins in a wallet and get paid interest to keep them there. Through the Celsius Network, you can, too. 

3. Interest on the U.S. Dollar 

Going hand-in-hand with earning interest with my Crypto coins, I also build passive income through collecting interest on the U.S. Dollar. The Celsius Network and Gemini are disrupting the traditional banking industry. When you let your money sit in a savings account at the bank, you aren’t having your money work for you. Instead, you’re letting your money work for the bank. 

If you put $10,000 in the bank and then try to go get it out the next day, good luck. The bank has already invested this money for their interest. It will be tied up in their investments for at least a couple of days. So rather than having your money work for the bank, it’s time to have it work for you.

Through the Celsius Network and Gemini, you can actually move your U.S. dollars, convert them into stablecoins, and then earn 8-12% interest on this money when it sits in a Celsius Wallet. There’s no bank where you can earn that kind of interest on your cash. This is a great passive income opportunity to research more and utilize to help you reach financial freedom faster. 

Consult With the Pros 

Dropshipper starting to invest in cryptocurrency and stocks

Now is the time to start building up your passive income investments. Reaching financial freedom faster will require strategic planning with your business and passive income investments. If you feel like you need more guidance on your road to financial freedom, passive income, or growing your eCommerce business, feel free to reach out to us today. 

At Ecommerce Empire Builders, we can help you build, launch, and scale your own profitable dropshipping business. To get the ball rolling, sign up for access to our exclusive free webinar today. Be sure to check my YouTube channel for even more free resources and insights into the dropshipping and sales funnel industries. Remember, your empire starts now! Tagged : / / / /

How to When Know It’s Time to Move on to New Products

It may seem in your best interest to continue using a winning dropshipping product that’s previously gotten great results. But that’s not always the case. There are certain situations when it’s ideal to cut your losses, drop the product, and move on to new products. 

If you stick with a product that’s no longer generating the kind of income you want, you may wind up losing money if you don’t switch to a new source of revenue. So much of people’s success in dropshipping comes down to momentum and the encouragement it brings. But businesses lose drive when they’re bleeding money. This is why it’s important to know when to make the necessary transition to maintain that momentum.

In this post, we’ll go over when you should move on to new products as your current products begin losing momentum.

Test Your Facebook Ads to Determine Their Effectiveness

First, it’s important to know how often you should test your ads to determine their effectiveness in the sales funnel. This can help you gauge when it’s time to move on to new products — or a new strategy. 

Here we’ll be strictly referring to Facebook ads, which are commonly used. As an example, we’ll use an ad with a “free plus shipping” offer, which we recommend using when you’re just starting out as a broke beginner. Even if you make some mistakes with this offer, you can still make money.

For a typical ad with a “free plus shipping” offer, we would start with a budget of $250, which we spread to $30 per day across a six- or seven-day period. One mistake we see a lot of people make here is that they’ll spend around $30 on ads for one day. But they won’t make any money on them, so they turn them off entirely. Unfortunately, this is the mindset that many beginners have in dropshipping, which keeps them from being able to test ads effectively.

What you really need to do is invest a full $250 in a single week. This will more accurately show you how effective your campaigns are as you test your campaigns. Within a week, you can begin to see certain trends that stand out. For instance, you’ll likely find that certain days perform better than others. This can help you schedule your ads and determine when to expect sales.

Here’s why we recommend you give your ads seven days to work their magic or encourage you to move on to a new online business strategy.

Your First Three Days Will Be the Most Crucial

Breakdown of how to organize ad spending over the first three days

As we explore the first week of an ad campaign, the first three days will be the most important. The first day will be the day you launch your ads, followed by the next two days, all of which will have ads running for $30 per day. Throughout these three critical days, it’s important not to touch anything as you let your ads do their job.

During this time frame, you’ll want to keep an eye on a few key elements, including:

CTR

The first item to look at is your click-through rate (CTR) for each day, which should be around 2%. If your CTR falls around that mark, this indicates that people are actively interested in your ads. If your CTR is too low, you may need to change the ad creative to entice more people to click, be it a modified image, video, or text. Ideally, you should run ads using three different pieces of creative material to see which performs the best.

We suggest you look at the CTR regularly on days one and two. This can help you determine if it’s likely to continue increasing or remaining steady. After two days, if some ads still see low CTR, turn them off. Also, if ads don’t see more than a 0.5% conversion rate on day one, chances are this won’t increase through day three. 

Landing Page Stats

Once you’ve determined that your CTR is where it should be, it’s time to look at your landing page, at which point you’re looking at your funnel stats. Are people opting in? If not, this could indicate a problem with your landing page and the value of the offer. Your ideal opt-in rate should be at least 25%.

If your opt-in rate is below 25%, you may need to modify the offer to encourage more people. Generally, try modifying your current offer before you move on to new products entirely. In this case, we recommend using an offer stack image that serves as a visual representation of what you’re offering. Testimonials and lifestyle photos can also help enhance your opt-in pages.

Order Form Stats

If your ads and landing page seem to be functioning optimally, a problem could lie with your order forms. For a beginning offer, you should see a minimum conversion rate of 5%. 

For order forms that dip below that minimum conversion rate, there are a few ways to improve it. 

One way is to make sure you offer quantity break discounts for products of 2x to 8x. Here, you should highlight the 4x quantity break and autoselect it for the customer to encourage them to convert. 

Second, you have to name your product something unique and catchy that differentiates it from other more generic options. All of this can increase the perceived value of your product to get more people to purchase.

It’s worth noting that if you do not see the numbers you want on a small scale, they won’t likely improve on a larger scale. This is why you need to make the necessary changes early on if your campaigns are underperforming. If your ads don’t culminate in a high CTR, you need to focus on your marketing. This will drive more people to your sales funnel and purchases.

Look Ahead to the Rest of the First Week Before You Move on to New Products

Breakdown of how to organize ad spending over the first seven days

Generally, if your CTR is low and you’re not making any sales in those first three days, it’s often best to go back to the drawing board and tweak your ads, opt-in pages, or order forms. However, if you are making a few sales, the next several days will be important to monitor. 

For example,  your CTR may be over 2% and your opt-in rate may be around 25% by day four. Your order form might also be seeing a 3% conversion rate. These are all good numbers when starting out with your ads. 

It’s also important to keep in mind that early on in your campaigns, the Facebook algorithm will still be adjusting the targeting for your ads as it attempts to identify your customers. Because of this, your stats could potentially double later on as you feed the algorithm more customers.

Throughout the last four days of that first week, you’ll want to figure out ways to optimize your current ads. You might introduce new ad creative on day five as you remove ads that aren’t yielding good results. Some ad creative is likely to do better than other images, videos, or text. So remove ineffective assets and replace them with ads that are similar to the ones getting results. You can also target new interest groups based on interest groups that responded favorably to your previous ads. 

Based on your campaign’s performance during the first seven days, you can truly get a sense of how well your ads, landing pages, and sales pages are doing. From there, you can decide what needs work and revamp your strategy accordingly.

Determine When to Cut Your Losses or Keep Moving Forward

Dropshipper adjusting his ads and monitoring results

In the first week of advertising, keep an eye out for issues during those first three critical days. If you’re making sales and seeing decent stats by day four, you can continue monitoring them for the rest of the week and optimizing your campaigns. 

Your CTR simply might not be cutting it in those first few days. So it may be time to optimize your existing ads or try new ones. If you’re not seeing any opt-ins or sales by the third day, you may need to try an entirely new offer or price point. You might even move on to new products if adjustments don’t seem worth the effort. 

To learn more about how to succeed with your dropshipping business and develop a winning funnel, register for my free eCommerce masterclass today. You’ll find out how to use ads and other fundamental elements to make a full-time income online, whether you’re new to dropshipping or looking for a way to improve your efforts. Also, subscribe to my YouTube channel for more insights, whether you move on to new products or stick with your current item. Tagged : / / / /

Know the Benefits of Registering Your Dropshipping Business as an LLC

When you start a business, you can never be too careful about protecting yourself and your personal assets from legal liability. If you run a dropshipping business, in particular, you should make sure you are on the safe side. While there are various ways to protect yourself from liability, the most popular and highly recommended is registering your dropshipping business as an LLC — a limited liability company.

The first and most attractive benefit of registering your dropshipping business as an LLC is the tax benefits you could enjoy. Many new entrepreneurs trying dropshipping for the first time eventually come to this realization.

Many entrepreneurs often fail to realize how much money they can save by putting expenses on their business rather than paying themselves first, then paying for the expense. As a result, they at times lose as much as 50 percent of the money with such a simple mistake.

This post will guide you on the benefits of setting up an LLC and enjoy all the benefits it brings.

Keeping Most of the Money You Make

Peter Pru discussing the tax advantages of registering a dropshipping business as an LLC

Everyone starts a business to make as much money as they can — and keep most of it at the end of the day. However, if you are new to dropshipping or just getting started in the business, it is not uncommon to feel jittery and have ‘what-ifs’ regarding running the business.

If you can eliminate most of the concerns of running a business by simply registering it, then your life as an entrepreneur will be much easier and your profits better protected. By taking steps to educate yourself on starting and running a business, you have already shown intent to start a business.

With the proper business structure, you could access as many as 250 different tax deductions and ultimately keep thousands of dollars that you would otherwise pay in taxes as profit or re-invest into the business.

By investing the time and money to start a business, you could qualify for many possible deductions, including:

  • Advisory expenses
  • Cable, satellite, and cell charges
  • Coaching and education
  • A percentage of your mortgage or rent
  • Additional brokerage fees for trading
  • Computer, printer, and office supplies
  • Health or supplemental insurance
  • Travel, car mileage, and motor vehicle expenses
  • COVID-19 deductions

Clever categorization of expenses reported to the IRS can help the business pay taxes at a lower tax bracket and keep more income. The key consideration is when deciding whether to record an expense as an ordinary or a necessary business expense.

The Pass-Through Taxation Benefits of Registering Your Dropshipping Business as an LLC

When you form an LLC or a corporation, the IRS will consider you a legal business entity, depending on your situation. These types of businesses are considered ‘flow-through’ or ‘pass-through’ entities. Therefore, as long as you have a taxable income, recording it as a business income offers great benefits regardless of the source.

Registering your business as an LLC or corporation comes with attractive business credit advantages. You can enjoy business credit on the income the IRS considers ‘flowing through’ the business.

Pass-through or flow-through is a tax function that allows you to file business taxes with personal taxes. In the process, you can use tax deductions against all income, including any W-2 incomes, to further lower your Total Taxable Income across the board.

As fancy as it sounds, ‘flow-through’ and ‘pass-through’ income are just fancy terms for money that comes into and flows out of the business. It is noteworthy that any losses the company records will also reflect on your tax returns, significantly lowering your taxable income.

It may seem complicated, but if you register an LLC and see the savings you can make by taking advantage of tax deductions, you will understand better and appreciate how it works in under a year.

Personal Asset Protection

Dropshipper seeing the benefits of registering their business as an LLC

LLC is an acronym for Limited Liability Company. The term refers to a business entity in which the owner is not personally liable for the debts and liabilities of the company. Simply put, the two most important benefits of registering a limited liability company are:

  1. You will not be personally responsible for the business debt.
  2. Your personal finances and assets will be safe from the liabilities of the business.

Separating business and personal assets and finances is a sure way to get peace of mind while running a business in the modern market. When you are certain your assets and finances are protected, you can focus on the business. You can stop worrying about potential lawsuits should the business make losses.

Some of the potential lawsuits from which you can protect yourself by registering your dropshipping business as an LLC include:

  • Breach of contract
  • Premises liability
  • Employee and customer discrimination claims
  • Harassment
  • Faulty product or service lawsuits
  • Intellectual property rights
  • Misleading claims
  • Auto accidents

Many people avoid starting an eCommerce business because they do not want to take the chance of getting sued. Americans file 40 million lawsuits every year — that is about 76 new lawsuits every minute. 

The sued parties often spend a lot of time and effort defending themselves. If they lose, it costs them money and even personal assets such as a house or a car. Registering your dropshipping business as an LLC eliminates the need for you to worry about getting sued in a personal capacity for business liability. Instead, you can focus on running the business.

Business Credit Formation

Many people mistakenly assume that they need to have large businesses to access business credit or corporate funding. Most businesses start with personal credit or funds. But personal credit must remain personal, and the business must develop its own credit for long-term growth.

To give your business room to grow, you must build separate credit for your business. The business will pay for itself, and from there, it will pay you. Registering your dropshipping business as an LLC offers many benefits, including:

  • Separation of personal from business funds and credit
  • Access to more funding options available to corporations
  • Lower interest rates on loans
  • Higher limits on loans and credit cards

Final Thoughts About Registering Your Dropshipping Business as an LLC

Peter Pru explaining the basics of LLCs

This post is just a summary of the core benefits of registering your dropshipping business as a limited liability company. Whether you already have a business or are considering one, you cannot afford to overlook these benefits and many others.

Do you want to learn more about how to start or run a successful eCommerce business in today’s competitive market? Reserve a seat at our exclusive webinar to learn little-known tips to build an ultra-profitable dropshipping business today. You can also subscribe to my YouTube channel for more details about succeeding in eCommerce and registering your dropshipping business as an LLC. Tagged : / / / /