Discussion in 'BlackHat Lounge' started by rayee, Apr 25, 2017.
What is the best profit margin and saleable as well? Any comments
As with regular retail sales, it depends on the niche. The more niche, the higher your profit margins *usually* are. If you're selling iPhone cases, forget it. You'd be lucky to make 10%. If you're selling model trains, you could be fetching 200%.
There's no generic number we can tell you that'll work for everything. Don't forget, drop shipping is still a full business. You are doing everything a regular retail shop does except handling inventory. You're effectively just outsourcing logistics, but everything else is still a regular business. I'm not sure why everyone thinks drop shipping is some magical, easy, way to make money. It's not. All it is is a business with outsourced logistics.
how did you get those margins for phone cases ? I can tell you from experience you`re way off.
I've been dropshipping for 3-4 months now (with FB ads) and the profit margins are always different. You should worry mostly about
1. GREAT product (not something you like, but the potential customer does)
2. GREAT photo/video AD (self explanatory0
3. GREAT Landing page with a good product description
If you nail those 3 things, you won't have to worry about anything else
Why would you assume every business is exactly the same? You might pull 200% on an iPhone case, if you don't mind having next to zero sales volume. If you want to have any decent volume, which is what the OP is concerned with, then you margins will suck.
I also have numerous years of experience, so that doesn't mean much.
The product is worth as much as the story you are trying sell for the product and whatever you think the customers are ready to pay.
There are products that can go up to 500% in margins.
I have recently read that the average profit margin in ecommerce is like 40%. (This depens of course on products, customers and so on)
Guys, can you give specific product range / product you are targeting. The above threads are so vague .. Great product .. Ok i know great product but which product? Which niche?
Separate names with a comma.