How to Protect Yourself With an LLC for Your Ecommerce Business

Empire builders, you already know that there is a lot to learn when starting your own ecommerce business. While there are many important details you need to learn to create a successful dropshipping business, the most essential element to understand is the importance of an LLC for your ecommerce business. 

A properly set up LLC will save your business so much money — money that can be reinvested into the business. I have an LLC set up for my business and have already been able to save millions of dollars through the taxation benefits it provides. Read on to learn more about LLCs and how you can utilize one to save money in your own ecommerce dropshipping business today.

What Is an LLC? 

An LLC, or limited liability company, is a form of a private limited company in the United States. It is essentially a business structure that enables the owner of a business to not be personally liable for the company’s debts or liabilities. This is a wonderful thing. An LLC doesn’t just allow business access to a number of money-saving tax codes. It also creates a protective barrier between you and the customers of your ecommerce business. 

There are also a number of different types of LLCs. They range from S Corp to C Corp to Partnership to Sole Proprietorship. There are a ton of free resources available on the internet for you to learn more about these different types of LLCs. You can also talk to qualified professionals like Prime Corporate Services to learn more about LLCs and business tax planning. These are the guys that helped me set up my LLC. They also helped teach me about the best tax planning options for my business. 

You will definitely want to reach out to them when you are starting the process of creating your own LLC. Their guidance helped me understand how I can use the tax codes to benefit my ecommerce endeavors. 

An LLC for Your Ecommerce Business Will Create New Opportunities

dropshipper discussing taxes and business finance with a professional

Now you know what an LLC is, but you’re still wondering if you really need one for your ecommerce business. Let me tell you — an LLC has the power to completely transform all of your ecommerce endeavors for the better. An LLC for your ecommerce business will give it a multitude of benefits and opportunities that you simply won’t be able to access without the creation of an LLC. Before I filed for my own LLC, I was wasting so much money in taxes each year. This was money that I could have been using to invest more in my business. If you’re making this same mistake right now, you have to take the actions necessary to create your own LLC today. 

Once you have your own LLC for your ecommerce business, your company will be given an EIN. This number is similar to a social security number given to individuals. With your business’s assigned EIN, you can set up separate bank accounts and credit cards that don’t link to your personal accounts. 

This is a huge protection that you need to take advantage of. 

If you were to sell a product from your business without having an LLC in place and a customer got sick or hurt from it, the customer can come after you directly. With an LLC, they sue your business instead of you on an individual level. This ensures that your personal assets and livelihood will remain protected throughout all of your business endeavors. I’m not telling you any of this to scare you, but rather to help you transform your business, protect your livelihood, and help you see the multitude of opportunities that an LLC can provide to your ecommerce business. 

Everyone Should Have a Business 

screenshot about business expenses and using business credit cards to organize write-offs

My final push to get you the benefits of an LLC for your ecommerce business is to highlight the many tax benefits you will access. The United States tax codes were essentially created for business owners. The idea is that business owners help to create jobs and employ citizens. This process stimulates the U.S. economy. 

Therefore, to help business owners boost the economy, the government has created a number of tax codes to benefit business owners. For this reason alone, I believe everyone should have some type of business. Even if you are happily employed, I encourage you to start some type of side business. Business owners have over 250 kinds of expenses that they can write-off. Employees simply do not get these benefits because they have no expenses for their job. The only way to tap into these benefits is by creating your own business.

Some of the top write-offs I utilize in my ecommerce business are business meals, travel expenses, computers, phone, internet, consultants, courses, and training. I even rent out a room in my house to my business as I use it for my office space. Essentially, nearly anything that is bought for the business can be written off as an expense. To get a clearer picture of what you can write-off for your business, check out the IRS’s resources for small businesses. Also, talk to tax professionals like Prime Corporate Services. At the end of the day, these tax codes are here to help business owners. You can either use them to your advantage or let them work against you. The choice will always be yours.  

Consult With the Pros 

man running his own side business at home

I hope you will be able to take the information presented and implement it into your own ecommerce business. If you feel like you need a little more guidance in setting up your own profitable ecommerce business, then 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 our YouTube channel for even more free resources and insights into dropshipping. Remember, your empire starts now! Tagged : / / / /

How My Online Ecommerce Course Student Hit $50K per Month

Seeing our students prosper in the ecommerce industry never gets old. Steve Swiat is the latest example of a student who achieved financial success by continually improving his income-producing skills and learning from our online ecommerce course. Over five years, Steve went from dabbling in ecommerce to earning an Empire Builder Award. From his early days of selling magnetic knife holders to his adoption of sales funnels, Steve saw his dropshipping revenue grow from zero to $50,000 per month.

A Taste of the Wild West

Steve began dabbling in ecommerce in 2014 when he got his start as a Fulfillment by Amazon (FBA) seller. The early days of FBA were much like the Wild West of ecommerce. Like many new FBA sellers, Steve faced a vicious cycle of selling products at a reduced rate to earn reviews and trying to boost his status with Amazon. Taking a loss was not uncommon, as he ended up giving away a sizable amount of product in the process.

A New Direction With the Online Ecommerce Course from Ecommerce Empire Builders

screenshot of Pete and Steve talking about ecommerce

Undaunted by his minor losses with FBA, Steve was ready to leave lackluster results behind and improve his income-generating skills. He switched gears and got serious about boosting his revenue in 2018. His first step on his new journey was listening to our podcasts. Then, he enrolled in our online ecommerce course to learn exactly what steps he needed to take to jumpstart his earnings. As Steve put his newly developed skills to work, his income began to rise.

A Pivotal Moment

Hitting the $10,000 per month mark was a pivotal moment for Steve. But along with that milestone came another critical realization: Steve had gained the ability to recognize problems quickly, diagnose them, and resolve them before they took hold and hurt his business.

For Steve, the process of resolving issues typically begins with a look at the lowest hanging fruit. He notes that sometimes addressing the smallest things can have a huge impact on results. Little tweaks, such as inserting the words “Free Shipping,” can make a huge difference in your conversions. Making sure your funnels are succinct is also important, as many of the highest converting funnels say a lot with only a few words.

If minor adjustments don’t alleviate the problem, then Steve suggests reviewing your funnel. See if there’s something in your copy that is confusing to the prospect. Funnels give you a powerful opportunity to use a lot of text. But it’s up to you to make sure they aren’t too wordy or confusing. More importantly, you have to create your copy with care to ensure that your ad, the copy, and your order form are all congruent, which are skills we emphasize in our online ecommerce course. 

The Importance of a Changed Mindset

dropshipper working on her business early in the morning after exercising

Steve attributes his jump in income and his troubleshooting abilities to his commitment to changing his mindset and routine. Among other changes in his life, he also began making use of the extra time he had on the weekends. By devoting five or six hours on Saturday and Sunday to improving his funnels, Steve’s business really began to take off. Here are some other specific steps he takes to keep himself focused each day:

  • Start early by getting up at 5:30 every day.
  • Kick off the day with a healthy activity such as exercise.
  • After launching your day with two “wins” (waking up early and exercising), start with a manageable task.

Steve shares another confidence-inspiring tip: try putting yourself in an uncomfortable spot each day. For example, Steve would periodically go for a walk in the hot Arizona sun at 4:00 in the afternoon. When you survive this type of activity, your confidence builds, and you can face work-related challenges better.

Never Lose Focus

Just because you hit 50K per month doesn’t mean you are destined to enjoy that same level of success every month moving forward. Success is not automatic, and there are no shortcuts. Steve notes that if you want to continue to attain a large income and make dropshipping your full-time job, you must be willing to invest the time. 

Taking care of your body and personal life are also critical for maintaining your focus in the ecommerce industry. Steve notes that if you let one area of your life slip a lot, it’s going to impact your work and the other areas of your life. While a “slip” every now and then is not necessarily bad, you must be careful not to let the “slip” become a pattern. 

Data: The Key to Continued Success

While building a funnel and positioning products might be enjoyable, the actual launch can be a bit more intimidating. A quest for perfection can sometimes cloud efficiency and progress. In many cases, your initial creation may already be good enough. But you will never know unless you have data. With data, Steve notes, you can easily view your progress and make adjustments and improvements to your funnel. 

A Final Piece of Advice

screenshot of Steve giving advice to other dropshippers

Jumping into an industry full of established competitors can be intimidating. But you will make progress as long as you are committed to continued learning. Remembering that you CAN enter this industry and succeed is vital to making progress!

If you aren’t seeing success today and feel like there is no hope, Steve offers a simple recommendation: make sure you keep showing up every day. Also, remember that everyone has their own journey, and it takes time to get better. As you move forward on your journey, be sure to work on your income-producing skills. If you keep working hard every single day, you will look back in a year and see that you have made progress.

Looking Back on the Journey

Looking back on his journey, Steve said that his early failures were a big part of his learning experience and success today. He learned how to analyze problems and diagnose them so he could develop good long-term solutions and maximize his productivity. 

To discover how you can achieve financial success in the dropshipping industry, we invite you to reserve your seat at our free ecommerce masterclass today. We look forward to helping you make it to the $50,000 level through the Ecommerce Empire Academy online ecommerce course! Tagged : / / / /

How to Generate Over $50,000 as an Ecommerce Empire Academy Student

Empire builders, sit back and get ready to learn some awesome insider secrets of the ecommerce industry. I recently sat down with Michael Koss, an Ecommerce Empire Academy student. Mike is a great guy that has an inspirational story that everyone can learn something from. Over the last few years, Mike went from being a high school dropout to generating over $50,000 a month in his ecommerce business. I asked him what his secret to success has been and what his advice would be to other aspiring entrepreneurs. Read on to learn more about Mike’s success in the industry. Also, discover how you can create this reality for yourself by becoming an Ecommerce Empire Academy student

The Road to Ecommerce Empire Builders 

Mike’s road to becoming an Ecommerce Empire Academy student was one of many ups and downs. Mike began with affiliate marketing three to four years ago. He got his start with the Motor Club of America. Through the MCA, Mike was earning $80 per referral. However, any traction he had gained was soon lost when the company sold. Referrals went from $80 down to $10. At this point, Mike knew he needed to break into an industry where he had more control over his earnings and career

The Switch to Clickfunnels

After his initial setback, Mike learned about affiliate marketing for Clickfunnels. He started promoting Russell Brunson’s books and was sucked even deeper into the world of ecommerce. He began to dedicate all of his energy to learning from the multitude of big names that were already thriving in the ecommerce world. Mike was talking to his dad one night about all he was learning about ecommerce and how he wanted to get into sales funnels. The next morning Mike’s dad actually stumbled upon one of our Ecommerce Empire Builders webinars and sent Mike the link.    

The stars seemed to align for Mike at this point. After watching our Ecommerce Empire Builders webinar, Mike was hooked on sales funnels. He took the plunge after watching the webinar and became an official commerce Empire Builders Academy student. Mike has been in our community for over a year now, and I met Mike in person for the first time in February 2020 when he came to one of our Build Your Empire Live conferences.

 Mike already had a great business idea but was not getting the results he wanted. Our team was able to set Mike up on the right path as he became an Ecommerce Empire Academy student. His business, as well as his mindset, has grown leaps and bounds over the last six months. 

The Importance of Understanding Your Niche 

Man doing niche research for his ecommerce business

Mike’s business has grown significantly over the last six months. One element that has helped Mike find success is his thorough understanding of his niche and the customers he is trying to sell to. Understanding your niche will always be important in this industry. Without understanding your customer base and what they are looking for, your odds of creating a profitable ecommerce business are very low. You have to understand the ends and outs of your niche. 

One thing that has helped Mike better understand his niche is his willingness to test and test often. In a month, Mike created over 100 different Facebook ads. His goal was to understand what types of ads and what targeting keywords resulted in the best results within his niche. Mike’s willingness to test paid off. He went from making $10,000 a month in sales to $50,000 a month in sales through this research alone. 

Another element that Mike has learned very well through growing his business is what offers and upsells are most enticing to the customers within his niche. Mike sells unique American flag stickers. He is selling a passion product. The offers and upsells Mike offers or presents to the customers in his niche prey on their passion. Mike’s ability to understand the customers within his niche is what has allowed him to grow his business and stand out from his competitors. 

Mindset Will Always Be the Key to Finding Success 

Screen Grab of Peter Pru and Michael Koss

As our interview came to an end, I asked Mike what his biggest piece of advice would be to those entering the ecommerce industry. Mike has put a lot of work, time, and effort into understanding both his niche and the ecommerce industry. These elements are definitely important to finding success within the industry. However, Mike believes that most of his success came from his mindset

Mike’s advice to all aspiring entrepreneurs is to keep a positive mindset throughout their journey. There will always be ups and downs in whatever you choose to do in life. However, the key to overcoming the hurdles you face is keeping a positive and can-do mindset.

There are huge opportunities awaiting you in the ecommerce industry. You just have to be willing to learn and keep pushing forward even if things don’t go exactly how you envisioned. Mike’s final piece of advice is to simply try to be amazing at whatever you choose to do. 

I couldn’t agree more. Having passion in your work will always take you further, and in the end, your business success will always be dependent on one thing: you.

Consult With the Pros as an Ecommerce Empire Academy Student

Ecommerce student watching webinars on his tablet at home

Mike took himself from being a high school dropout to a successful ecommerce entrepreneur. He accomplished this journey through hard work and adopting the right mindset. It’s my hope that you will be able to take the information and advice Mike has provided and implement it into your own ecommerce business. If you feel like you need a little more guidance in setting up your own profitable ecommerce business, then 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. If you’re ready to get the ball rolling, then sign up for access to our exclusive free webinar today and become an Ecommerce Empire Academy student. Also, be sure to check our YouTube channel for even more insights into the dropshipping and sales funnel industries. Remember, your empire starts now! Tagged : / / / / /

How My Ecommerce Empire Academy Student Made $90,000 With Facebook Ads

We’re always happy to see our students succeed with dropshipping. This is exactly what we saw with Evan Hennessy, an Ecommerce Empire Academy student, as he grew his business from zero to nearly six figures with the help of sales funnels. Evan began with a simple struggling Shopify store and Facebook ad campaign. But after making the switch to sales funnels, he reached that $90,000-per-month mark.

Beginning with Simpler Facebook Ads

Evan got into ecommerce back in 2016 when things were a lot simpler, including Facebook Ads. All those campaigns entailed was placing an image on the right side of people’s feeds to start making money. With some early success, Evan sold his ecommerce business a few months later. Then, he got involved in digital advertising. 

Working for a digital ad agency, Evan started with a Shopify store and relearned Facebook Ads. Around March 2018, he found himself struggling more, as he lost a considerable amount of money through Facebook ads. A year later, he began incorporating some of the practices he learned as an Ecommerce Empire Academy student. He was soon able to increase profitability and work in dropshipping full-time.

Experiencing Gradual Success with Sales Funnels

Evan’s first sales funnel wasn’t a huge success, so he began to tweak it by adding more upsells. What would really help boost his success would be the addition of a continuity piece. This strategy enabled him to reach that $90,000 point as he also tested new products. 

Evan’s revenue comes from two primary sales funnels: one offering “free plush shipping” and another with a discount offer. Both sales funnels are in the same niche and under the same brand. While he’s found it harder to make money with the “free plus shipping” offer and intends to find ways to improve upon this funnel, he has found that continuity has gone a long way in helping him grow. 

With the help of his continuity piece, Evan has been able to bring in about 240 customers who provide regular recurring revenue.

How Continuity Has Worked for Evan

screen grab of Peter Pru and Evan Hennessy talking about continuity and scaling a business

When hooking those subscribers, Evan offers a two-week trial along with a bonus product upfront. This is followed by a $34.95/month subscription, with a conversion rate of around 10 percent. (A 10-percent conversion rate isn’t terrible. But some tweaks could be made here, including upselling the full-price subscription first. This is crucial because some people want to jump right into that subscription from the start. If they say no to that, then we’d recommend a downsell followed by a free trial offer. We rarely use downsells and try to avoid them as much as possible. But in cases like this, they may be appropriate.)

The key element here is the continuity piece, which will help Evan in the long term. He might lose some of those 240 subscribers at some point. But some will still stay with the subscription and provide that regular revenue stream. As he goes on to attract thousands of subscribers, that revenue will only increase as more people commit to the subscription.

How His Deep Discount vs. Free + Shipping Offers Work

Customer excited about shipping options and packages

In his “free plus shipping” offer, Evan typically charges around $10 for one unit with quantity breaks. This translates from around $10 per customer acquisition to $12-15 with upsells, with the understanding that the continuity will help compensate for it. As he scales, his cost-per-acquisition increases. This is what we’d expect to see as dropshipping businesses expand to broader markets or exhaust the ones they’ve been targeting.

At the same time, Evan offers a discount for a product that typically goes for around $40 to $50. He’s also been testing a product that costs around $130. He started his campaigns with cold traffic as he also tests retargeting, but he had yet to scale when we’d talked with him. 

In an effort to grow his business even further, Evan has outsourced some work to an email marketing team and a virtual assistant who works for him 20 hours per week. His email marketing consultancy agency has managed to help bring in almost $5,000. His email list consisted of around 30,000 people when we spoke. He hoped to continue to increase his email marketing campaigns’ profitability.

When it comes to email campaigns, we recommend that every Ecommerce Empire Academy student try to build those email lists through affiliate campaigns. Alternatively, you can rent out the email list or work with joint venture (JV) brokers in the same niche. You can easily build your email lists in these ways without the need to spend a lot more money. Just send more weekly emails in a cross-promotion. However, it’s best to avoid working with a JV broker unless you have an email list of at least 20,000. JV brokers want a massive list that makes it worthwhile for them to promote their products.

Which Funnel Attracts Better Continuity?

What was kind of surprising to us was that Evan saw a 10-percent rate consistently across his sales funnels when it came to continuity. Regardless of what he was doing with his sales funnels, 10 percent was the static number he seemed to be seeing.

Historically, we’ve seen a higher rate with “free plus shipping” offers, with the caveat of a higher turn rate. This is because while you draw in more people with these offers, more people are likely to turn away as a result. These offers are especially popular because they evoke some excitement. Many people who come across that “free plus shipping” deal make more impulse purchases.

One final piece of advice that Evan shared based on his success was that it’s best to look at your business in the long term and focus on building your brand gradually, which is precisely what we encourage. It’s best to avoid trying to make quick, easy wins. Instead, try to build on opportunities that will garner long-lasting success.

Learn From the Pros as an Ecommerce Empire Academy Student

Ecommerce Empire Academy student working on his dropshipping business

We’re excited to see Evan make it past the $100,000 threshold. We’re also happy to see others like him experience that kind of success through the use of sales funnels. Do you want to learn more about how to use sales funnels to build a successful 6- or even 7-figure dropshipping business? Then reserve your seat at our free Ecommerce Empire Builders master class today or become an Ecommerce Empire Academy student. Tagged : / / / / /

How to Become a Full-Time Dropshipper and Quit Your Job

If you develop a successful dropshipping business, it’s possible to quit your job and become a full-time dropshipper. Here, we’ll tell you some of the steps you’ll need to take if you want to make dropshipping a rewarding career. Dropshipping can entail a lot of effort. But it will be well worth it as you watch your salary grow and start experiencing the success you’ve worked so hard to achieve.

What Salary Level Should You Hit to Become a Full-Time Dropshipper?

According to some numbers from MSNBC, the average salary for various age groups from around 2018 to 2019, regardless of occupation, were as follows:

  • 16-19 years: $422/week, $21,944/year
  • 20-24 years: $525/week, $27,300/year
  • 25-34 years: $776/week, $40,352/year
  • 35-44 years: $976/week, $50,752/year
  • 45-54 years: $975/week, $50,700/year
  • 55-64 years: $966/week, $50,232/year
  • 65 years and older: $904/week, $47,008/year

Based on these numbers, we’re going to use a baseline of $50,000 annually. If you can make that much every year, you’ll do well for yourself without the need for a full-time job, especially if you’re just getting started on growing your own business instead of slaving for another company’s success.

Sure, your first instinct might be to aim higher than $50,000 per year, with six or seven figures in your mind as the ideal achievement. However, it’s important to be practical and start small. We suggest you focus first on making dropshipping a full-time job, which $50,000 per year will enable you to do.

How to Achieve That $50,000 Goal and Become a Full-Time Dropshipper

With that end goal in mind, assume that you’ll need 20 percent margins and $250,000 in revenue. 20 percent might seem a little low, but this is in line with the more realistic end goal and can keep you from aiming too high from the start. With these goals, you’ll also allow yourself more room for error. You’ll need that space to correct for missteps as you learn what works and what doesn’t.

Target $250,000 in Annual Revenue

screen grab of good revenue and income goals for a starting dropshipping business

To start off, if you want to get to the point where you’re making $50,000 every year through dropshipping, you will need to aim for a revenue of around $250,000 per year. That goal might seem a bit overwhelming at first, but as you break it down like with every other goal, you’ll see how achievable it actually is

Based on the target revenue of $250,000 annually, we can calculate the total amount we’ll need to earn every day, which comes to $684.93. Even that smaller number may intimidate you if that seems like a lot to work for on a daily basis. But this is entirely doable if you have the right systems in place.

The key here will be to develop an efficacious sales funnel that helps you:

  • Attract customers
  • Upsell orders
  • Obtain subscriptions for recurring sale
  • Maximize your customers’ lifetime value
screen grab of daily sales goals to achieve $50,000 in income a year

Ultimately, your average cart value should be around $20. Based on our daily goal, you’ll need to try to make around 34 sales per day. Again, that might seem like a lot of sales you need to make. There are also product costs and other expenses associated with those sales. But you can achieve that goal if you focus on increasing the average cart value as opposed to the number of overall sales.

Focus on Increasing the Value of Each Sale with Upsells

To begin moving toward that goal of 34 sales and $684.93 per day, let’s consider how that might be far more achievable if we increase the average cart value from $20 to $30. You might be wondering how that’s even possible beyond simply raising the price of your products. But the key is to increase the number of upsells.

For instance, a customer might be interested in buying a product such as a high-quality pen for $20. You could sell a complementary product like a premium notebook at a discounted price of, say, $15. This is perfect because this encourages the use of the first product and reinforces the customer’s decision to buy the pen. Together, both that pen and notebook would make up a cart value of $35.

Now, not every cart will be worth $30 or more through upselling. Not everyone will take you up on the upsell offers. At the same time, enough people could purchase those products and upsells to help raise the average cart value to $30 or more. In turn, you will need to make fewer sales per day, which puts less pressure on you.

Find Out What Your Niche Wants and Create Enticing Upsells

desk full of stylized items that can be upsell or repeat purchase ideas for dropshipping customers

You can make the most of each sale with ample upsells. These offers encourage the customer to spend more money on each purchase. If you’re worried about running out of ideas for upsells that might be exciting for your customers, then you may need to spend some more time learning your niche before you decide to become a full-time dropshipper. Try to figure out what your customers want and need.

Consider ways to address certain pain points that your customers might have, which your products can relieve. Certain accessories that complement your main products can save customers time and money. For example, for optimal convenience, you may want to include a protective case or a sleeve for that $20 pen, which helps customers complete a package that also includes that $15 notebook. Including these high-quality upsells can help you maximize that cart value so you can boost the average and, subsequently, reduce the amount of average daily sales you need to make.

By implementing a good sales funnel with plenty of upsells that your customers will want, you’ll be well on your way to hitting that $50,000-per-year goal. Then you can quit your job and comfortably become a full-time dropshipper. As your income begins to exceed that goal, you’ll see why dropshipping is worth the time and effort.

Consult With the Pros

To start working toward that $50,000 goal and become a full-time dropshipper, reserve your seat at the Ecommerce Master Class today. You’ll learn everything you need to know to jumpstart your business and sell winning products. Tagged : / / / /

Dropshipper’s Guide to Hiring a Virtual Assistant

One of the key elements of a successful dropshipping business is a stellar customer service team. Hiring a virtual assistant to handle customer questions and concerns can give you more time to spend on less routine matters. You can run your business more efficiently while keeping customers satisfied. To help facilitate this, it’s important to find the right virtual assistants to add to your team.

The Key Components of Good Customer Service

If you want to provide the best possible customer service and win consumers over, you need to have certain standards in place. If you don’t set the standards for good customer service, it doesn’t matter how you go about hiring a virtual assistant to help your business—nobody will be able to wave that magic wand and save your business.

There are several elements behind reliable, helpful customer service that can help you establish these standards. They include:

Quick Response Time

Consider the kind of response time that’s acceptable for your business to get back to customer requests. Your response time could be one or two days, or it could be as fast as hours or even minutes. 

Efficient Ticketing Systems

You can also use a ticketing system to keep track of support tickets and use a monitoring system to see what kinds of questions customers are asking. 

Quality Assurance

A lot of businesses fail to offer any quality assurance after they begin outsourcing customer service. This is a bad practice that can lead to unhappy customers who eventually drop off. Make sure the people you outsource your customer service to adhere to the standards and guidelines you have in place, or this could lead to a decrease in quality that keeps customers from coming back to you. We definitely recommend performing quality assurance checks once every two weeks or at least once a month.

Listening to Customer Feedback

It’s not enough to simply allow customers to provide feedback—you need to actually listen to it to optimize the customer experience. You could be implementing strategies based on customer feedback, which can help continue to improve products, services, and processes.

Standard Operating Procedures (SOPs)

Before putting your team together, it’s essential to have standard operating procedures in place. You won’t get very far if you don’t have some proven processes that can keep customer service consistently efficient and effective.

Why You Need Solid Standard Operating Procedures

screen grabbed list of benefits of having standard operating procedure documentation

It may sound daunting, but it’s worth the effort to create and implement SOPs for your business before hiring a customer service team. There are several key benefits to developing SOPs, including how they:

Hold Everyone Accountable

Having SOPs will help ensure that everyone is held accountable and provides consistently top-tier customer service. They also give clear guidelines for how things are properly done. If your VAs are uncertain of what to do at any point, they can consult that SOP repository to find out what the procedure would be.

Maintain Standards at Scale

Everyone in the company will be able to consult the SOPs to stay on the same page at all times when it comes to operations. Even business owners may forget the procedures they implemented. But with sufficient documentation, they can always go back to these resources to refresh their memory.

Quickly Bring New Team Members Up to Speed

Using SOPs, you can make sure your new team members have all the resources they need to keep up with the latest processes. Also, these new hires will be able to look at the SOPs and learn what they need to know without the need for manual training, which will streamline the onboarding process.

Provide Reference Points

Again, even business owners might need to refresh their memory when it comes to certain procedures and methods of operation in their own company. SOPs can provide a good reference point so anyone can easily go back and review the details.

Have Efficient Systems in Place

Having proven systems and processes in place can help your business in any number of ways. Apart from the key benefit of keeping things simple from start to finish, they can:

  • Ensure that all tasks are performed the same way for optimum consistency, efficiency, and quality
  • Replicate throughout the business in different areas, enabling businesses to recycle innovative process
  • Improve scalability by allowing you to make necessary changes to them as your business grows
  • Provide documentation that people can review

How to Start With Documentation Before Hiring a Virtual Assistant

When it comes to getting started with documentation, we recommend you stick to the KISS tradition, which we’ve slightly modified to “keep it stupid simple.” This entails simply keeping documentation so simple that just about anyone can understand it without any difficulty. 

In addition to simple, your documentation needs to be consistently actionable and measurable. Every step should include something actionable that people can apply. 

If you want to take full advantage of documentation to help improve simplicity and efficiency, try to create documentation for any recurring or repeatable task.

What Should You Outsource and Delegate?

list of routine business tasks that can be streamlined by hiring a virtual assistant

To begin determining what you should delegate and outsource, organize your day. Start by creating a list of all of the tasks that you complete on a daily basis. 

What exactly needs to get done? Also, what can outsourcing help simplify?

Some of the tasks you might complete from the start of each day could be making phone calls, answering comments on social media, fulfilling orders, or posting updates on Instagram and other platforms. If you can compile an exhaustive list of all these tasks you complete every day, then you can then use this to create the foundation for your documentation.

Some processes you might create guidelines for, based on the daily tasks you complete every day, may include:

  • How to fulfill orders
  • How to look up and send tracking numbers
  • Order information email templates
  • Service information email templates
  • Refund email templates
  • How to upload and optimize social media photos

You can use a combination of text and video tutorials to help teach these processes to new employees. 

The Best Place for Hiring a Virtual Assistant Online

virtual assistant handling client calls and order fulfillment

One great resource we recommend for finding your VAs and outsourcing your customer service is FreeUp. Visit our FreeUp page here to create an account and get a $50 coupon code that you can use toward jumpstarting your customer service team. What’s particularly nice about FreeUp compared to platforms like Fiverr or Upwork is that you can be sure you’ll find people who actually know what they’re doing. Every professional is screened to make sure they have the expertise they advertise.

You can hire just about everyone you’re through FreeUp for customer service and beyond, whether you need:

  • Phone support
  • Live chat support
  • Marketing
  • Proofreading
  • Content writing

The fact is that you can outsource just about every mundane task so you can focus on more important aspects of running your business.

Hiring a Virtual Assistant Is Part of a Business Growth Mindset

In short, we adhere to the philosophy of “do what you do best, and outsource the rest.” If you find that you can better spend your time on other things and someone else can get a lot of the routine work done, don’t be afraid of hiring a virtual assistant to do that work for you.

It may take a long time to grow your business to the point where you can easily outsource customer service. But it helps to treat your business like a seven-figure company from the very start. When launching your dropshipping business, get to work on listing those everyday tasks and developing SOPs. Then you won’t have to slow down when you start hiring and outsourcing. In the process, you’ll be geared for success every step of the way as you begin to grow.

If you want to learn more about getting started with dropshipping and launching your business, then attend the free Ecommerce Empire Builders Master Class. We’ll show you how easy it can be to set up a successful dropshipping business and excel in ecommerce. Tagged : / / / /

The Ultimate Dropshipping Case Study: Launching a $100/Day Business Within 5 Days

One common issue among dropshippers is the tendency to overanalyze and overthink the startup process. Oftentimes, people want to get everything perfect before launching their dropshipping business. But it’s important to get something out there as soon as possible to help you grow. In this ultimate dropshipping case study, we’ll look at one business we helped go from nothing to earning around $135 per day within five days. 

We’ll also discuss how that success came from launching early, measuring the data, and optimizing accordingly to improve performance. In this article, you’ll learn what takeaways from this ultimate dropshipping case study you can apply to your business to help you flourish.

Day 1

screen grab of the purchasing data from day one in the ultimate dropshipping case study

For one of our clients, we started off on day one of their business with $32.94 worth of sales, which we were able to analyze through the client’s Clickfunnels sales funnel. You can learn more about how to use a five-page sales funnel template, too.

This is the sales funnel process we began with:

1. Squeeze Pages

At the beginning of each sales funnel, the customer is taken to a squeeze page, which is primarily intended to grab the person’s email address. This email address can later be used as an asset to help follow up with promotional emails and remarketing campaigns. Long email lists can help you earn a lot more money in the long run, and your sales funnels will be the key to building them.

2. Order Bumps

It’s also important to give the customer an order bump. This is essentially a small add-on item to the customer’s shopping list that the customer will be willing to add to their order. Having an order bump can further boost the value of each customer order.

3. Upsell Pages

In addition to the squeeze page and the order bump, you can also use upsell pages, or one-time offers (OTOs), to further increase the value of each purchase. Encouraging customers to buy additional items for less is a good way to increase customer satisfaction. For the first OTO, we offered more of the same product. For the second OTO, we offered less of the same product, and the third was a monthly subscription. 

A monthly subscription is one of the most powerful assets for your business. If you can get people to commit to a regular subscription, this means regular recurring revenue for you. Whether it’s for a service or a subscription box with different product variations, you can establish consistent income with a good subscription program.

4. Quantity Breaks

Through our client’s Facebook ads, we were able to draw in some cold traffic to our sales funnel. On day one, we attracted two visitors, and the average cart value for the day was $16.47. While one customer chose to buy two of the promoted product, the other customer chose to purchase four. This example alone shows how powerful quantity breaks can be when selling a product. If you clearly show how much customers can save by purchasing two, four, six, eight, or even bigger quantities of a product, they’ll be far more likely to make bigger purchases.

5. What to Keep in Mind About Facebook Ads

screen grab of Facebook ad analytics to show the impact of consistent campaigns

When it came to the ad campaigns, we spent around $29.57. So, given the total revenue, we basically broke even for the day. Keep in mind that breaking even on cold traffic is a good thing, as it means that you can essentially get customers for free and, if they’re satisfied, they’re likely to spend more and become repeat customers. Just starting out with Facebook ads, your campaigns won’t be profitable right away. But with enough time, ads can be well worth the investment.

If you can make your average cart value equal to or higher than your cost per purchase, you’re on your way to success.

Day 2

On day two, we made the same as day one at $32.94, with an average cart value of $16.47. In fact, the data in our sales funnel was the same: there were two customers, one buying two of the product and the other buying four. 

The ad data revealed that our Facebook ads led to one of the customer acquisitions, and again, we broke even. For just two days, this didn’t look bad to us, so we saw no need to change anything yet. We recommend that you also avoid taking any action with your ads and experimenting until a few days have passed. By waiting, you can get a better idea of how well your efforts are performing and determine where to go from there.

Day 3

On day three, things didn’t go quite as well, with only one customer coming in who made a single purchase of two of the promoted item. The total revenue was $12.97. 

At this point, we decided to shut off one ad that wasn’t performing well and launch another. After three days of running our campaigns, we felt this was an appropriate change to make.

Day 4

man looking at his watch as he waits to change his ad campaign strategies

Day four saw some improvement with a total of $72.88 worth of sales, and an average cart value of $18.22. We drew in four customers. One bought a single unit, while two bought four items, and the fourth bought a quantity of six. None of our upsells had seen any action yet, but it was still a good day.

Again, we spent around $30 on ads, and our new campaign worked well along with the others. And because of the minimal amount of change to our campaign, we were able to see some profits. We can’t stress enough that it’s best to wait until your campaigns have had a chance to work before making changes. If we had made too many changes too soon, we may not have seen these profits.

Day 5

By day five, we had broken $130 dollars. Our total revenue was $135.79, with an average cart value of $27.16. We brought in five customers, one of whom purchased one item. The same day, two customers purchased four items, another two purchased eight, and, perhaps most excitingly, we successfully upsold one!

Compare this to when we were somewhat worried about our upsell page performance on days two through four. If we had made any changes then, we may not have seen this success by day five.

Another positive on day five was that we attracted 21 opt-ins who submitted their email addresses. While only five actually made a purchase, our email campaigns were ready to go and help bring those people back to buy at a later date.

Don’t Underestimate the Power of Quantity Breaks

One of the biggest takeaways in this ultimate dropshipping case study is the importance of quantity breaks. Considering many of our profits came from customers buying two or more of the promoted item, you can see how profitable quantity breaks can be. People want to save as much as possible, so if you can provide quantity break discounts, you’ll ultimately drive more sales.

We would also like to further emphasize the importance of upsells. We may have only seen one on day five, but that means more profit and could lead to future upsells. Don’t be discouraged if your upsells aren’t performing well within the first couple of days. Give them some time like the rest of your campaign.

With these practices, we were able to help our client earn over $135 within a week. Just imagine how your business can perform in the long term if you practice the same strategies from this ultimate dropshipping case study.

Consult With the Pros

Do you want to learn more about how to build a reliable and efficient sales funnel for your dropshipping business? Reserve your seat at the Ecommerce Empire Builders free ecommerce masterclass today. Tagged : / / / / /

How to Find Fast Dropshipping Suppliers in the USA

Have you been struggling to get faster shipping times for your dropshipping business? There are several solutions available to increase shipping speed and make your business more efficient. Here at Ecommerce Empire Builders, we know how important it is to have options. We’ll discuss the top four sources for fast dropshipping suppliers in the USA.

You can source your products from them and expedite the delivery process. Not all of these services guarantee five-day delivery. But they will be able to improve overall manageability and efficiency in the long run. You can also use these suppliers to help further grow your business if you’re already making up to $10,000 or more per month.

1. AliExpress

When you’re looking through AliExpress, check your options. You will see the option to ship from the USA (in addition to shipping from other countries). A supplier may say that products are shipped from the USA. But this doesn’t necessarily mean that products are actually being shipped from the USA. Many fast dropshipping suppliers in the USA may be truthful about where they’re shipping from, but some outliers might be dishonest. 

We recommend that you contact the supplier via Skype or another method and request specific sample tracking numbers. You can then use those tracking numbers to determine if packages are actually shipping from the USA — or from somewhere else. 

The important thing to remember is that it may take some digging to find the right AliExpress supplier. This can be a time-consuming task. But it will be worth it if you can get faster and more cost-effective shipping while maximizing customer satisfaction in the process. With the right supplier, you may even be able to automate your order fulfillment and your whole business.

If you want to save money by shipping from China or another location and your deliveries are inevitably going to be delayed, we understand this decision. However, we do recommend that you compensate for these delays with top-tier customer service. That includes offers and bonus gifts that keep your customers loyal and happy.

If you want to speed up the shipping process, the following are some reliable alternatives to consider.

2. SaleHoo

screen grab of sorting for manufacturers on SaleHoo

We really like SaleHoo because the platform makes it easy to access a huge directory of manufacturers and dropshippers. You can quickly choose from a list of fast dropshipping suppliers in the USA. Then get in touch with the potential supplier, and discuss your products and the possibility of using them as shippers.

If you’re already making around $10,000 or more per month, we also suggest you look for manufacturers that specialize in dropshipping. If you find the right supplier that doubles as a manufacturer and dropshipper, the company makes the product and delivers it right from their warehouse. This means you never need to touch the product at any point. Otherwise, you might have to take the product from the manufacturer and find a fulfillment center that can handle the product from there. Ultimately, a supplier functioning as both can eliminate some of these logistical hassles.

SaleHoo isn’t expensive, either. You only need to pay around $120 for lifetime access to their extensive directory.

If neither AliExpress nor SaleHoo turns out to be the best solution for you, the next couple of suggestions may be worth pursuing.

3. CJDropshipping

A manufacturing plant manager organizing dropshipping orders

One thing to keep in mind about CJDropshipping is that products may be housed overseas, despite the USA shipping options. However, even if a product is shipped from China, you can benefit from faster and more reliable shipping. 

For example, you might only be able to choose a “China Warehouse” option in the “Shipping From” dropdown for a product. But where you will have some choices is in the “Shipping Method” dropdown. You’ll typically see a long list of shipping options with various estimated delivery times and shipping costs that can help you determine which option is best. 

Now, you may not find the most appealing delivery times using CJDropshipping. But if your shipping times are particularly slow on AliExpress, you may find a better option using this platform to find a supplier. You might not get shipping guaranteed within five days. But you should still be able to find some reasonable delivery times for your products.

4. eBay

If you’re still dissatisfied with the delivery times and shipping options on AliExpress, SaleHoo, or CJDropshipping, try eBay. They have plenty of fast dropshipping suppliers in the USA. The trick is knowing how to find a trustworthy one.

When looking for a supplier through eBay, check out the number of items sold for a product that’s in your niche. From there, look at the seller information provided for additional details. A good supplier will have plenty of positive feedback. Also, they’ll likely focus on a specific product niche as opposed to a selection of seemingly random products. Ultimately, you would approach shopping for a supplier on eBay in much the same way you would on AliExpress. 

Once you find the right supplier on eBay, reach out and initiate a conversation with them. Remember that the endgame is to find a dependable supplier who can help you maximize sales for your front-end products that are most likely to sell. To optimize the process, you’ll need to be resourceful. Shop around to find the ideal partner for your dropshipping business.

Using any of these options can help you pin down the right supplier to work with in the long run. If you manage to find the best suppliers and delivery options, you’ll be able to improve your business’s efficiency. Also, you’ll make sure your customers don’t have to wait too long to receive your products. You’ll also be able to cut down on shipping costs and subsequently boost your ROI.

Consult With the Pros

someone joining a discussion through Ecommerce Empire Builders

Do you want to learn more about how to grow your business and further improve sales with an optimized sales funnel? Reserve your seat at the free ecommerce masterclass from Ecommerce Empire Builders. You’ll discover how to maximize your income with the implementation of an efficient and reliable eCommerce funnel. Tagged : / / / /

How to Start a Subscription Box Business and Triple Your Profits in 2020

One of the easiest ways to increase your profits via ecommerce is to create recurring revenue. You can do that through the sales of subscription boxes. Many people who get into dropshipping miss out on the chance to maximize income because they don’t take advantage of opportunities to generate recurring revenue. Get started by reading (and watching) the Ecommerce Empire Builders guide on how to start a subscription box business.

How to Find Subscription Boxes That Help Dramatically Boost Profits

Subscription plans can essentially help you earn free money by encouraging people to make repeat purchases on a regular basis. The key is knowing where to look for those lucrative subscription boxes that are likely to be worth the investment.

Start With a General Search

One of the best places to start your search for the ideal subscription box is Google. Simply conduct a Google search around “subscription boxes” and your specific niche. For instance, you might search “hiking subscription boxes,” which may yield many results to review. If you don’t see a lot of results in your search, this could indicate that you’re narrowing down your search too much. It’s best to keep things relevant but relatively broad.

Remember: just like with products, it’s important to choose competitive subscription box niches. Don’t complicate the process of how to start a subscription box business by trying to break new ground.

Look Through Affiliate Posts

screen grab of looking through affiliate marketing lists for high-quality example boxes as part of how to start a subscription box business

You may come across a result that features an affiliate blog listing the “top subscription boxes” in your specific niche. You can look through the list for ideas for which subscription boxes are the best models of what to sell to your customers. While you might believe that people aren’t likely to spend upwards of hundreds of dollars on a monthly basis for a subscription box, you’d be mistaken. In fact, particularly in hobby niches, people love to spend money on what they love doing, be it hiking or another activity that they’ll always enjoy. This holds true regardless of the state of the economy. 

Examine the Actual Boxes

Take a look at an individual subscription box and determine what they offer in each box, along with the pricing structure. A good subscription box will offer around two to three plans at most. This keeps things simple, and that’s more likely to encourage prospective customers to make a commitment. 

One big selling point is the retail value included in the subscription box. This should be clearly displayed on the merchant’s page. The value should always outweigh what the customer pays, which truly shows that the box is worth the investment. However, this is very different from competing on price. Watch this breakdown of the secret to subscription box profitability.

Why It’s Often Best to Sell Physical Products

Many people prefer to subscribe to subscription boxes that make it easier to get what they want or need without putting much thought into it. For instance, you might be subscribed to a shaving kit subscription box, which keeps you stocked with high-quality shaving supplies. Now, you don’t have to think about going to the store or manually choosing your shaving products. At the same time, the retail value in each box outweighs what you actually end up paying per month.

This is why it’s often easiest to sell physical products over services through subscription plans. The key to how to start a subscription box business and be successful is to always think about what the customer needs.

Regardless of which plan you consider, look at multiple options and determine which subscription offers the best value and can attract the most customers. 

Take a Look at Examples to Better Gauge the Value

When looking at the various subscription boxes out there, examine your potential competitors in depth. Do what you can to find examples of boxes that show precisely how much each box contains and display what customers can expect. Many subscription boxes websites allow you to view boxes that reveal what was included in previous shipments.

 If you can’t determine if the value is higher than the price of the subscription box, or if a poor-quality website may reflect the quality of the products, move on. It’s best to look elsewhere for a more trustworthy subscription model.

Also, Take a Look at Your Suppliers

Once you’ve found the right subscription box for inspiration, keep in mind that you won’t necessarily need to be the one fulfilling the orders for each subscription. Before you get too deep in your journey of how to start a subscription box business, you need the right suppliers. Your supplier should have fulfillment centers that help simplify this process. You can also work with manufacturers who will customize designs, put each subscription box together, and ship them to your customers.

Create a Landing Page That Fully Illustrates the Value of the Subscription Box

influencer creating an unboxing video

When you’ve created the right box, it’s time to begin selling it. One of the first steps to take is to develop a strong landing page. Make sure it highlights the features and value of the box. In most cases, you should try to find a box with a retail value of at least $50 per box.

One small tip to help you sell your subscription box to customers is to use an unboxing video that clearly shows what’s included in each box. You don’t have to make one yourself. You can work with an influencer. They’ll produce an unboxing video for you. Then you can use it on a landing page that customers will be able to see. A brief unboxing video can go a long way in helping sell those boxes.

Avoid Selling the Subscription on the Front End

screen grab of Peter Pru discussing how to sell specific products and use subscription boxes as an upsell

Before you try to sell your subscription, it’s important to entice customers with a specific product. Don’t try to sell a subscription right from the start of the sales funnel. Instead, create a funnel that begins with selling a single product that will encourage people to buy more from you. 

From there, they may be more likely to subscribe to your box. Upsell with a simple offer such as, “Do you like our product? Give our subscription box a try.” If the customer liked that first product, they’ll probably consider your subscription plan. Subsequently, you’ll save more money as you essentially earn those customers for free.

By looking at the many subscription boxes out there in your niche and pinpointing the value they offer vs. the price they charge, you can craft the right subscription box for your ecommerce business. Remember, you need to show the value of what your customers are getting. Then, you’ll be a lot more likely to increase sales and maximize profitability with recurring revenue.

Consult With the Pros

Would you like to learn more about how to grow your ecommerce business and find out how to make money easily? Reserve your seat at the Ecommerce Empire Builders free sales funnel masterclass. You’ll find out how you can generate a full-time income online without any need for a full business website, touching the products you sell, or expensive ads. Tagged : / / / /

Top 4 Dropshipping Payment Processors for US and Non-US Residents in 2020

One of the most important aspects of a dropshipping business is payment processing. However, it can be difficult to choose the right payment processor for your business — whether you’re a US or non-US resident. You may also experience problems with processors such as PayPal and Stripe, which may lead you to turn away from those and seek alternatives. Check out these four dropshipping payment processors and find the right one for your business.

How Stripe Changed eCommerce

Before the introduction of Stripe, which made it easy for ecommerce business owners to set up payment and get approval, there were many steps involved in setting up payment processing. Some of these steps included:

  • Setting up merchant accounts
  • Handling payment gateways
  • Organizing and maintaining sufficient documentation

All of these steps made it a daunting task to set up payment processing. With the advent of Stripe, business owners (including dropshippers) could easily accept online payments via credit card and other methods. 

However, with more simplicity comes more responsibility: Stripe can easily shut users down for violations or customer mistrust. Stripe, like other payment processing platforms, has the best interest of the customer in mind, which can lead to shutting you down if your dispute rate or chargeback rate is too high. 

If you’re just starting out in dropshipping and need a reliable dropshipping payment processor that can give you the best results, you may want to use Stripe. But there are also other options, depending on your needs and preferences. The following are our picks for the top four dropshipping payment processors available for both national and international users.

1. Stripe

screen grab discussing Stripe and its benefits as a payment processing platform

Although certain caveats come with using Stripe, we still recommend this for both new and veteran users. The main reason we recommend Stripe is because it takes no time to get approved, and you can begin taking payments immediately after setup.

As your business begins to grow, managing Stripe could become more complicated. For instance, Stripe may begin holding your funds if your dispute rate exceeds one percent. Eventually, this could lead to shutting you down.

While you may risk having funds withheld and your account closed if you experience too many issues, Stripe is still one of the most reliable payment processors out there. You just need a solid plan so you can manage disputes and chargebacks. 

Even if you are in another country where Stripe isn’t supported, you may still be able to set up an account.

2. PayPal

We also still suggest you use PayPal, simply because of the boost in conversions that it can give you. This is because while you can still get conversions if you set up Stripe and a sales funnel, you can gain more credibility if you take the time to set up a PayPal account and include that badge in your sales funnel.

A lot of people also prefer to pay with PayPal because of its dependability and security. It also tends to make it easy for customers to make a purchase. You can even integrate Clickfunnels and Paypal, which I go over in this step-by-step video.

On the other hand, many people are hesitant to use PayPal because of certain issues that can happen. After all, PayPal has been known to withhold funds in many cases, slowly paying users in small increments. Regardless, it’s still worth having PayPal for the sake of boosting credibility and conversions. 

However, we do recommend that before opening up a PayPal account, it’s best to set up your sales funnel and Stripe account first. Ensure it’s all working the way it should. Then you can add PayPal to the mix.

If you’re a non-US resident and can’t get approved for Stripe or PayPal, there are a couple of alternatives that we recommend.

3. Payoneer

In some cases, you may not be able to set up Stripe. If you can set up a PayPal account, it’s perfectly possible to use this platform without Stripe and build your business that way. But it’s best to have both, particularly if you’re just getting started in the dropshipping business.

Keep in mind that, like with other dropshipping payment processors, you will have to deal with certain processes on Payoneer that can make setting up a little tricky.

A few of the steps involved in setting up Payoneer and connecting it with Stripe will include:

  1. Signing up for a Payoneer account and linking it to your bank account
  2. Setting up a business LLC
  3. Using your LLC to create a Stripe account

We understand that the very thought of going through the process of setting up a business LLC may induce some eye-rolling. But there are certain steps that business owners need to take, and doing so will be worth it in the long run.

What happens when you create an LLC for both Payoneer and Stripe? 

You can then connect that Stripe account with your Payoneer account. This step will enable you to receive payments in your local bank account. The entire process can take a few weeks to complete, but it will be more than worth the effort in the long run.

Once you have all of this set up and you’re ready to go, we can’t emphasize enough the importance of having backups in the event that something goes wrong and puts your business at risk. This leads us to our next recommendation.

4. Easy Pay Direct

screen grab of Easy Pay Direct, one of the four dropshipping payment processors that acts as a backup system

If you don’t have sufficient backups in place for your payment processing accounts on PayPal, Stripe, or Payoneer, this can leave your business vulnerable. If Stripe or another processor shuts you down for any reason and you have no backup solution, then you won’t receive payments. Subsequently, neither will your employees, leading you to essentially shut down your business.

Easy Pay Direct is a great way to make sure you have backups in place. It’s basically a payment gateway, which is a kind of portal that can give you insights into multiple merchant accounts. Using Easy Pay Direct, you can be comfortable in knowing that you’ll always be in business even if something happens to your Stripe account or another account. Accidents can always happen in business, which is why it’s best to be prepared, and Easy Pay Direct is crucial to keep you protected.

You may need to build up some sales volume before you can get approved for Easy Pay Direct. Because of this, we recommend you set up your Stripe, PayPal, and Payoneer accounts first. Then scale your business before turning to Easy Pay Direct as a backup. You may also wind up paying fees upwards of a couple hundred dollars per month for Easy Pay Direct, but think of it as insurance that’s worth the investment.

Each of these dropshipping payment processors and gateways can help you only receive payments quickly and easily. They can also make sure that your business is consistently protected in the event of any issues with your accounts. Another great way to make sure your business is as consistently profitable as possible is to automate your order fulfillment process.

Consult With the Pros

dropshipper considering the four dropshipping payment processors

Setting up dropshipping payment processors is just the start of your ecommerce journey. Learn more about how to build and grow your dropshipping business — reserve your seat at the free Ecommerce Empire Builders masterclass. We’ll teach you everything you need to know about starting a successful dropshipping business. Tagged : / / / /