“Margin” is the difference between the wholesale cost of an item and the price your store sells it for (which, in turn, pays for all your business’s expenses).
Essentially, your profit margin is like the emperor for your eCommerce store. Higher margins allow your business to be profitable. Smaller margins make you crash and burn.
Think about it like this: You can’t run an empire with a weak ruler.
But you can’t mark up your products without paying attention...
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You want to find the next big trending product that’s going to take the world by storm and make you millions of dollars.
You’re not the only one.
Every serious online seller is searching for the next hot product trend, but only a handful will ever be “lucky” enough to strike gold.
But what if luck has nothing (or very little) to do with it?
What if...
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What’s the best dropshipping business idea for 2023?
đź’ˇQuick Answer: Hair growth serum. This is because the average profit margin can reach up to 80% with a sell rate of 65%. If branded and marketed well, this product can be a multi-million figure product. You can market this product to both females and males as hair loss is a big source of insecurity among both genders. Additionally, the global haircare market is expected to...
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25 Stay at Home Business Ideas that Actually Make Money in 2023
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For a relatively smaller land mass, the United Kingdom certainly punches above its weight when it comes to eCommerce. In fact, it's the fourth largest eCommerce market in the world and has the highest eCommerce spending per capita in the entire world!
It is expected that fast growth will continue to define the UK market in the coming years as people start shopping online more frequently. Already, research has found that 82% of the UK population have bought at...
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So you think you’ve identified a huge opportunity to dropship using Canadian suppliers, both within Canada and globally?
Well, you’re onto something big.
This article takes a deep dive into why dropshipping with Canadian suppliers might be your next biggest breakthrough. We are leaving no stones unturned here.
What’s inside?...
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eBay is a great platform for dropshipping in particular because it makes no distinctions between dropshippers and regular retailers. Dropshippers never lose out on privileges accorded to retailers; as long as an item is listed, it doesn't matter to eBay if the seller has the item on hand or not.
However, there are unique challenges that dropshippers face on auction sites like eBay, especially if you are just starting your own dropshipping business. Today we're talking about some of those...
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How to find Products to Dropship that Actually Sell
Figuring out what products to dropship is a daunting task. However, it’s a quite important ingredient to your success and a significant stage to go through. In fact, your dropshipping products will be the reason your customers shop and purchase from you.
If you use eCommerce platforms like Shopify, WooCommerce, etc. for dropshipping, you...
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Everyone likes to smell good, but does that mean selling perfume online is still viable? We put the perfume industry to the test in our market research lab. See what the data says before you dive into this popular niche.
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