Triple Your Profits With These Simple eCommerce Hacks

Welcome back, Empire Builders! If you have a Shopify or sales funnel dropshipping store, but you’re struggling to make it profitable, then you’re in luck. That’s the topic we’ll be covering today. I asked my Lead Client Success Manager, Steve, to share some insights with you guys, and he was kind enough to agree to share these simple eCommerce hacks.

He made a video taking you behind the scenes, not only to show you why so many businesses are struggling to make a profit but, more importantly, how you can overcome these issues. This article will cover some highlights of his presentation, but make sure to watch the video to get the full scoop. Let’s jump right in!

The 3 Keys to Increased Profitability

It’s important to evaluate your core business practices to make your dropshipping business more profitable. To do this, there are three key points we’re going to cover:

  1. Understanding Your Gross Margin
  2. Knowing Your Key Performance Indicators (KPIs)
  3. Funnel and Ad Optimization

Let’s dig into each of them individually and talk about simple eCommerce hacks to become more profitable.

1. Understanding Your Gross Margin

Dropshipper analyzing spreadsheets to find his gross profit margins

Basically, your gross margin is just the revenue from your total sales minus your cost of goods sold (COGS). For example, if you make $30 selling a product that costs you $7.50, your gross margin would be $22.50. From that, you can calculate your gross margin percentage.

Your gross margin percentage describes the percentage of your revenue that’s made up only of profit. To calculate that, you just divide your gross margin, $22.50, by the sales revenue, $30, which gives you 0.75 or 75%. The higher your gross margin is, the more profit you’re making. Higher profits make your business more competitive.

It’s important not to mix up your gross margin and your net margin. Remember, your gross margin is just revenue minus cost. It doesn’t account for other business expenses like payroll or ads. Those things would factor into your net margin, which we won’t be covering today.

2. Knowing Your Key Performance Indicators (KPIs)

Key performance indicators (KPIs) are important metrics for understanding how your business is doing. One of the most vital eCommerce KPIs is how much you can afford to pay to acquire a customer, like the amount you could afford to spend on Facebook ads to get a sale, for example.

The reason this is so important is that whoever can afford to spend more on customer acquisition will win more auctions, get more views, and ultimately, make more sales. So, the more you can afford to raise your customer acquisition cost, the faster you can scale your business.

To calculate this, subtract your average COGS from your average order value (AOV). This will be a pretty accurate measure of the upfront ad costs you can afford to acquire a customer. Your AOV only includes the average value of initial orders, not including subscriptions or other subsequent purchases. Further down the line as your business grows, you’ll calculate your customer lifetime value (LTV) which will include those things.

3. Funnel and Ad Optimization

Screen grab of Steve discussing ways to assess ad creative

Optimizing your ads is also a critical factor if you’re going to make your dropshipping business more profitable. To do this, you’ll want to start by testing the creative of your Facebook ads. There are different types of creative, including things like showing products in use, user-generated content, and product reviews.

The next important thing to test is the first three seconds of the ad. If you don’t hook the customer in those first few seconds, they’ll likely just keep scrolling. That’s how long you have to get their attention to have any chance at a sale. Keep testing until you find a hook that works.

After that, test out your images or thumbnails. How well the images work will depend on the product and the audience. Some products can do really well with just static images. Other product ads will need a video to really work, though, so test different images, videos, and thumbnails to find out.

The following thing you should optimize is your sales angle. How you style your offer is important and will change how effective the ad is. Common tactics include discounts, BOGO sales, and free shipping. Test them all thoroughly to make sure you’re getting the best results.

Finally, test the audiences for the ads. I recommend testing 20-30. Once your ads are optimized, you’ll also want to optimize your funnel. There are two main things to test here. First, test your hero image. I prefer a lifestyle image of the product in use. Then, test out different headline types.  

Get Started Incorporating These Simple eCommerce Hacks

Screen grab of Steve discussing funnel optimization

Assessing these things is important because you have to stay on top of how the business is doing. When dropshipping businesses don’t know their gross margin or the customer acquisition cost they can afford, there’s no way to know if they’re making money or spending the right amount. Some businesses don’t check these consistently and suddenly realize they’re losing a lot of money. If you can keep up with them, it’s a very profitable habit.

Once you know what you can afford to spend on ads, you have to optimize them. There’s no use spending money on ads that don’t work. The same goes for your funnel. If you’re creating effective ads that get clicks, the money is still wasted if they leave as soon as they hit your funnel landing page. But if you keep on top of these profitability keys and ensure everything’s working together, you’ll get the most out of your business and start increasing profits.  

If you follow Steve’s simple eCommerce hacks, it should really help you make your business more profitable. I hope you enjoyed this article and get a lot out of it. If you’d like to take the next step down the road to making your business a success, check out my FREE webinar to learn about how I started making a full-time income online without needing to build a website or touch a product! Also, subscribe to my YouTube channel for even more simple eCommerce hacks and insights. Tagged : / / / /

How to Set Up YouTube Ads for Your Dropshipping Business

If you’re thinking of launching a dropshipping business, congratulations! It’s a venture with a great opportunity to be profitable with minimal time investment. There’s a catch, though: you’re only successful as your ability to create awareness of your product. It’s critical to promote yourself to make your buyers aware of what you’re selling. One of the best ways to do this is knowing how to set up YouTube ads. 

If you’ve never set up ads using Google or YouTube before, it may seem like an intimidating process. Luckily, we’ve done it plenty of times, and we’ve created a quick guide to help you get started. There are some basic best practices you can follow to easily set up your account. This step-by-step guide will show you how to use YouTube ads to launch your dropshipping store.

Of course, if you’re interested in our team having us manage your ads, check out our “done for you” ad services. Let’s start with the basics of how to set up YouTube ads.  

Step 1: Create Your Google Ads Account 

Google owns YouTube, so you’ll need to go through ads.google.com to set up a Google Ads account. 

Google Ads does a good job of walking you through this process on the site. If you follow their basic steps, giving them the information they require, it should only take you a few minutes. 

You’ll need three things upfront: 

  • A Google AdWords account
  • A YouTube channel
  • A YouTube analytics account

These will give you a place to put your ads, as well as a way to measure the success of those ads. From there, you can upload the video to your YouTube channel. 

If you go to your Google Ads account, go to Tools > Linked accounts, where you can link your YouTube Channel to AdWords and Analytics. 

Step 2: Set Up Conversion Tracking for Your Website 

Screen grab of how to manage YouTube ads

If you’ve ever run Facebook ads, setting up conversion tracking via Google or YouTube is similar to using Facebook Pixel. 

Why do you want conversion enabled? So Google and YouTube can gather information on your customers and their activity while watching your ads. 

When you know what ads work (and which ones don’t), you’ll know what part of your approach is leading your prospects to convert into customers. 

You can go to Tools and Settings > Measurements > Conversions. Google will walk you through how to monitor your conversions, providing the steps for you. 

Step 3: Create Your Campaign 

If you’re running Facebook ads already, you’ll likely already understand what goes into a campaign. YouTube ads differ slightly, but they have the same objective: sales. 

Here’s what you need at this stage of how to set up YouTube ads: 

  • Skippable in-stream ads.
  • Your budget. At this stage, you’ll select what budget you’re starting out with. We typically start with anywhere from $30-$50 per day, but it depends on your business’s resources and goals.
  • You’ll also want to set your bid strategy to “maximize conversions.” 

Choose the location where you want your ads to play. You can play it domestically, internationally, or a combination of the two. You should have a good idea of what areas you’re looking to target with these ads, which is why this function YouTube offers is invaluable. 

Once you’ve selected your location and budget, you’ll have to confirm all your selections. To conclude this step, you’ll enter your website destination link where you want to send potential buyers, including a description with the URL. This will make sure all of your potential customers are pointed in the right digital direction. 

Step 4: Targeting Options

Here, you’ll choose different ad groups to run within one campaign. You’ll want to create three distinctive ad groups. In this order, focus on targeting specific:

  • Keywords
  • Topics
  • Interests

For keywords, Google will generate a set of keywords when you enter the website name. They’ll make suggestions that may be the best ones to use, leading to the most conversions. Google is really good at this, so you’d be well-advised to listen to and use their recommendations.

For topics, you’ll have to make estimated guesses, selecting topics you think will likely lead to sales. You can target specific niches. For example, if you sell skincare products, you’d choose the “beauty or fitness” topic group. 

For interests, target audiences with interests and hobbies that best align with your product.

Step 5: Analytics and Scaling

Online business owner editing and setting up YouTube ads

Finally, the fifth step deals with using analytics to monitor your ad’s progress. Use your analytics dashboard to determine which ads are working the best. 

Remember those ad groups you set up? Look out for the ones giving you the best results. What approach did you use in successful ads? What about the unsuccessful ones?

Whatever your analytics reveal is working for you, scale those ads up to do more of that while cutting back on the strategies that aren’t converting.  

Other Important Tips for How to Set Up YouTube Ads

Additional tips for creating successful YouTube ad videos

Following those five steps are how you can set up your dropshipping business’s YouTube ads. But there are a few other important pointers you’ll want to consider when creating your ad. 

The most important part of your YouTube ad is the first 10 seconds. Your whole video will need to offer value and information, but the opening should grab the buyer’s attention and compel them to keep watching.

If the first 10 seconds don’t move the needle, your ad is in trouble. The worst thing you can do is get the viewer off to a dull start, losing their attention. 

Also, don’t use capitalization, exclamation points, or repeated symbols in your ad headline. YouTube doesn’t allow these in ads, so don’t do it. 

As far as video length goes: the minimum recommended length is 12 seconds, while the maximum is 3 minutes. The length of your video will depend on what you’re looking to achieve and how fast you can move the reader from research to conversion. 

Our last recommendation for how to set up YouTube ads successfully is test, test, test. Always evaluate your ads and how well they’re doing with your analytics dashboard. Shamelessly continue pursuing the strategies that work while ruthlessly cutting out the ones that don’t. 

If you’re looking for someone to handle all of this for you, we offer “done for you” ad management services. We’re experts at managing YouTube ads and can help you. If you’re looking for more valuable insight into how to make money online, subscribe to my YouTube channel for more tips or sign up for my free webinar today. Tagged : / / / /

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 : / / / /

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 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 : / / / /

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 : / / / /

Why Most Amazon Sellers Fail Before Becoming Profitable

People think that selling on Amazon is their ticket to the big time, that they’ll open their store on Amazon and immediately be inundated with people wanting to buy their merchandise. After all, Amazon is one of the largest selling platforms on the planet. So naturally, if they have a good product, it will sell quickly, right? But the truth is that most Amazon sellers fail before they’ve even begun. The truth is that Amazon FBA can be a waste of time and a major financial risk. This guide will show you exactly why Amazon sellers fail and why FBA is not the amazing business choice that so many people think it is.

Amazon Will Believe Larger Businesses When It Comes to Copyrights and Patents

You can have a business making $50,000 to $80,000 per month and can still lose your business because a larger business makes copyright or patent claims on your idea. It doesn’t matter if the claim is totally false. It doesn’t matter if there is no evidence. Amazon will shoot first and ask questions later. Then, a year later, when it’s proved you were right all along, the larger business has already taken your market share, and you’re left with nothing.

Amazon Sellers Fail Because the Startup Costs Are Staggering

When you’re starting with a $0 budget, Amazon is a tough place to start. Everybody tries to pretend to sell on Amazon is cheap, but it’s not. You have to buy bulk merchandise and a lot of it to make sure you keep up with demand, and that means laying out five to twenty thousand dollars in inventory upfront with no idea if it will even sell. 

Added to that are advertising costs. There are literally millions of people trying to do what you are doing. If you want to stand out, you’re going to have to advertise, but ads aren’t cheap. Even if you are buying cheap ads, the odds are that no one will see them, and that’s why they’re so inexpensive.

Amazon Has No Trouble Competing With You on Their Own Site

Screen grab of Peter Pru discussing Amazon's packing cube product

Chances are, if you’re just starting, you are selling some basic commodity. If that is the case, Amazon makes it, too. Check it out for yourself; stop reading for a second and go on Amazon and put a basic commodity like packing cubes in the search engine. Amazon makes packing cubes, and it comes up first. Of course it comes up first; why wouldn’t it? They will always prioritize themselves over your small business on their site, and if you stop and think about it for a minute, that makes perfect sense.

Amazon is smart; they won’t just have one type of commodity on the market. They have so many products themselves that there’s barely room for any other competitors on the front page, and most people will buy from that initial page. 

The truth is people trust the Amazon brand; after all, they’re buying from their site. So people will buy the Amazon Basic version of what you sell before they buy yours. It will be cheaper, be better advertised, and have name-brand recognition. How can you compete?

Even When Amazon Isn’t Competing With You, Someone Is

If you owned a store that made luggage, you wouldn’t have your competitor’s luggage next to it so that the customer can compare. But Amazon doesn’t care about that. You’ll never get a page to yourself, which is why many Amazon sellers fail. 

If you’re not competing with an Amazon brand, your brand will be right next to some larger brand. There’s no way for you to stand out that way. If people wanted a specialty item, they’d go to the artist’s website or go to a craft website like Etsy. 

Amazon is where you go for convenience. People don’t care if your product has an extra pocket when it’s right next to a cheaper product and will ship sooner.

They’re Using Your Store’s Statistics to Compete With You

Screen grab of Peter Pru discussing Amazon Basics products

If your store is successful, it will catch Amazon’s attention. If they see you’re selling some niche product incredibly well, they might start making it, too. Go back to the Amazon page and Type ‘Amazon Basic’ into the search bar. These are all the commodities that Amazon makes. They started smaller, but they can copy a store’s products every time they see a successful store.

Maybe they didn’t always make gym equipment, but they saw some stores on their site doing good business and started making the same equipment. They don’t have to pay for market testing; you’re doing it for them. They can sit back and see what’s selling before duplicating the popular products and ignoring the products that aren’t selling, and they’re doing that using your hard work. How can you possibly compete with them when they control the site, and they can make everything cheaper than you?

They won’t give you your own customer list or your own statistics to help you make your store successful. So why provide the statistics to your competitor who is using it against you? It makes no sense!

Can You Even Afford to Rank?

Amazon seller seeing competitors outrank his store

The only way to rank on Amazon is either to sell a lot of inventory and have a lot of reviews or to be Amazon itself. When you’re just starting, you will have to give away hundreds if not thousands of products for free just to get enough reviews to rank. Can you afford to compete like that? Can you afford to give away thousands of free products just to get your business started?

Look at the stores on Amazon, and you will see that they all have incentivized giveaways so that they can keep up with the number of reviews they need to keep their rank up. Of course, you could decide you don’t care about your rank. But no one will buy from your store on page five of Amazon. Amazon is all about quick, cheap sales, so many Amazon sellers fail and fade away.

How Ecommerce Empire Builders Can Help

Don’t set yourself up to fail! Use Amazon for research and to funnel sales to your website, but don’t rely on them for success. I have started businesses before, and I can help you start yours. When you have your own business on your own site, people won’t see your competitor’s brands right next to yours. If you want to market your own business and sell products you believe in, then create your own online store. Click here to reserve your seat in our webinar or subscribe to my YouTube channel for more insights. Tagged : / / / /

Top 4 Hacks to See Instant Dropshipping Profits

Whether you’re experiencing success with your dropshipping business or currently struggling to get it off the ground, there are certain strategies you can use to see the instant dropshipping profits you want. Based on the success one of our clients experienced, we can show you some specific dropshipping hacks to supercharge your business and maximize profitability. Here we’ll review these hacks and how you can use them to make more money soon after implementation.

1. Optimizing Opt-in and Conversion Rates

The very first metric we want to see on someone’s sales funnel is a strong opt-in rate. If people aren’t opting in and providing email addresses and other information, then they aren’t going to make a purchase. Even if people are buying, it will be at a significantly lower rate than it should be. 

Our client had a two-step order form through Clickfunnels and saw an impressive 60% opt-in rate. This is rare to see. While we don’t recommend you try to reach this number from the start with your business, it is possible to get there with enough time and effort, as this client proved. With our team of experienced professionals and plenty of tweaking, we were able to help our client reach this level, and you can, too.

In addition to a stellar opt-in rate, our client had an equally impressive 11.74% conversion rate. This is incredible compared to the average Shopify store, which sees a conversion rate of around one percent. 

Together, these opt-in and conversion rates tell us that there’s nothing wrong with the client’s opt-in and landing pages.

2. Understand the Difference Between Maximizing Profits and Leads

Peter Pru discussing the importance of time and proper expectations when building a store

One point we want to emphasize here at Ecommerce Empire Builders is that you need to know the difference between maximizing profits and getting people into your sales funnel. You need to have a combination of both profits and leads. 

To see instant dropshipping profits, you should have a set of profit maximizers at the ready to help you increase your average cart value. This entails creating maximizers such as:

  • Upsells
  • Order bumps
  • Subscriptions

When it came to upsells, our client saw an insanely high conversion rate of 16.28% for the first upsell. The second upsell didn’t slow things down, either, with an even higher 16.39% conversion rate. 

Regarding subscriptions — we’re talking about services such as Netflix, Dollar Shave Club, and others that charge customers on a monthly basis. If you’re not using subscriptions for your business, we recommend you integrate one as soon as possible. They generate recurring revenue. Our client uses subscriptions to essentially receive free money consistently, without putting in extra work to see that steady passive income. 

3. Optimize for Specific Conversion Rates

Peter Pru emphasizing how important order bumps are to creating instant dropshipping profits

It may surprise you to hear it, but we believe these numbers our client is seeing are simply too high. For most businesses, these numbers are excellent, particularly to start with when going into dropshipping. The reason we see these figures as too high here is that, ultimately, your goal is to maximize profits as a business owner. Even if things seem to be going extremely well, there are always ways to further improve and increase income.

Target 10-15% Conversion Rates for Upsells

We’re blown away by our client’s 16+% upsell conversion rates. But we’ve found that the ideal conversion rate falls at around 10 to 15%. It all depends on the structure of the funnel. Maybe your upsells consist of more of the same thing, or a premium-priced product is included with a purchase. 

These extraordinarily high conversion rates could indicate that these upsells are too good of a deal for people to pass up, leading them to jump on them more frequently. In this case, we’d recommend raising the price on upsells to lower those conversions to the 10-15% range while further maximizing instant dropshipping profits.

Aim for 10% Conversion Rates for Initial Sales

We also recommended that our client raise the price of the main product to bring that 11.74% conversion rate down to the sweet spot of around 10%. Again, this may seem strange advice to hear, but the fact is that if you’re willing to lose more money to attract more people to your business, you will wind up seeing more profits. Many business owners just starting out may not want to hear that, but it’s an important lesson to learn.

If you’re seeing high conversion rates (and you’re happy with your income), you can keep things the way they are. However, if you’re disappointed with your profits, you can raise them while slightly reducing those conversion rates. 

A company like Dollar Shave Club excels because while they lose money when the first subscriber comes in, they make all of those losses back because of the longevity of monthly subscriptions they maintain.

Try to Reach 18-20% Conversion Rates for Order Bumps

When looking at our client’s conversion rate for an order bump, we saw a 14.20% conversion rate that was excellent. Generally, we recommend targeting an order bump rate of around the 18% to 20% range. Order bumps are pre-purchase upsells that customers are likely to add to their cart without much thought. These could include add-ons and other minor purchases that enhance that main purchase before buying.

Unfortunately, many businesses lose a considerable amount of money because they neglect to use an order bump.

4. Knowing What Offers to Consider to See Instant Dropshipping Profits

If you’re unsure what you should be offering your customers, whether it’s a deep discount or another offer, here are some of the different routes you can take.

A “Free Plus Shipping” Offer

In many cases, you’re often better off making a “free plus shipping” offer. These offers are typically safe to go with. But keep in mind that a properly built back-end is vital to get the most from this offer. This is because this offer causes a slight loss of income on the initial sale. But you can make up for that with upsells and other profit maximizers. 

A Deep Discount Offer

Deep discount offers are ideal if you’re using Facebook ads. The platform may not accept ads that make “free plus shipping” offers. In fact, we tend to use deep discount offers for our clients in lieu of “free plus shipping” because it’s usually the safer option of the two. For Facebook ads, we suggest you use video ads that maximize engagement. You can also use image ads that can supplement those video ads.

Work With the Pros to Get the Most From Your Store

Dropshipper reorganizing their sales funnel for instant dropshipping profits

All of these hacks can help you successfully launch your business and see instant dropshipping profits. But it’s increasingly tough to go it alone. There’s so much to consider when optimizing your dropshipping business, from finding the right niche and developing opt-in pages to preparing and launching ad campaigns. If you want to make sure you have the chance at instant dropshipping profits in this highly competitive industry, you’re likely to benefit from working with a team of experienced professionals. At Ecommerce Empire Builders, we have the combined resources and expertise needed to fuel your business’s long-term success.

To learn more about how you can use the power of sales funnels to grow your online business and find out how we can help, attend our free eCommerce masterclass. We’ll show you the steps you need to take to see the conversions and profits you’ve always wanted. You can also subscribe to my YouTube channel for more insights and business strategies. Tagged : / / / / /