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[METHOD] How to make a Profit Drop Shipping (Step-by-Step-Guide with Examples)

Discussion in 'Dropshipping & Wholesale Hookups' started by GringoMonkey, Sep 10, 2019.

  1. GringoMonkey

    GringoMonkey Supreme Member

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    The biggest mistake people make when they set up a drop shipping store is they fail to create an upsell funnel. It is those backend products that ensure your store is both profitable and has long term success.

    Below I am going to give you a strategy blueprint of how you do that complete with examples.

    STEP 1- Choosing a Domain Name
    Buy a generic domain name for your store.
    EG: GringosGear.com

    Why? Because you have no idea what is going to work yet and if you buy a niche name you have to throw away your store and start again if it fails, instead of building out a single brand name store.

    STEP 2 – Choosing Your Niche
    Pick a broad niche:
    EG: Animals
    then pick your first sub-niche based on what people have a passion for.
    EG: Wolves

    Now your store site should look like this:
    genericdomainname.com -> subniche
    EG:GringosGear.com ->Wolves

    STEP 3 – Choosing You Micro Niche
    Pick 6 Micro niches:
    EG: Wolf Jewellery
    EG: Wolf Pillow
    EG: Wolf Tee Shirt
    EG: Wolf Towel
    EG: Wolf Bag
    EG: Wolf Bedding


    STEP 4 - Pricing
    Pick a product for each of those niches that ranges from low ticket to high ticket in price.
    Your low ticket price should be circa $25 and scale up from that.

    Now you should have 6 products spread across low - high price ranges.

    STEP 5 – The HOOK!
    LET’S ANALYSE THIS FB AD!
    https://www.facebook.com/sugarcottonshop/photos/p.1887747998221221/1887747998221221/?type=3

    It got 270K likes, 2.8k comments and 2.7k shares – safe to say it is popular and sold a few!

    The FB ad leads to this page:
    https://sugarandcotton.com/products/black-wolf-obsidian-necklace-free-worldwide-shipping

    They sell the product for $99.00 discounted down to $26.95

    But...
    You can buy it on Aliexpress for $0.01 + $3.34 epacket shipping!
    https://www.aliexpress.com/item/33004681095.html

    That means they could have done much much more…

    STEP 5a – The Competition HOOK.
    The Wolf pendant makes a nice profit – but you can use it as a hook to build an entire store!

    That cost means you can do it on FREE+Shipping of say $9.99 and make a profit!

    You build out your store by building an email competition around the product.

    On such a low priced item as the wolf pendant you can let everybody win and they enter the competition by providing their email address.

    They enter – win - and claim their prize, which you provide on the FREE + $Shipping method.

    Now you can build yourself a huge email list of people you know are interested in wolves.

    You choose you traffic source and it is ideally funded by those who pay the shipping.

    The key, however, is finding that hook product for your niche!

    Once you have that, you have a perpetual, self-funding hook that drops people into your email sales funnel.

    STEP 6 – The Money is in the List
    Segment those that paid for shipping from those who did not.
    Upsell all your related sub niche products by email.
    It is these back end sales where all your store profit is.

    SCALING
    You can scale in 2 ways:
    Add in more products to your micro-niches
    Pick a different sub niche and repeat

    If you would like me to take a look at your store and give you my thoughts as to how you can best implement this strategy feel free to give me your store URL and I will get back to you with my ideas.
     
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  2. Meerkatt

    Meerkatt Junior Member

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    Thanks for the guide. Provides some very useful information.

    What do you think of single product Shopify stores?
     
  3. mmc

    mmc Regular Member

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    Nice writeup. Do you segregate them into female/male, product type and try to sell a lady's item vs a men's item?

    Also what do you use to construct your email campaigns?
     
  4. yuuzokun

    yuuzokun Jr. VIP Jr. VIP

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    One page stores are the ticket if done right. With a funnel and a bot messenger, you'll set on a gold mine.

    Great share OP, although I'm not into the free product pay shipping thing.
     
  5. aristocratic

    aristocratic Jr. VIP Jr. VIP

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  6. addictedtolearning

    addictedtolearning Newbie

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    Great info op, thanks a bunch!
     
  7. GringoMonkey

    GringoMonkey Supreme Member

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    I have done them, but you cannot upsell/cross sell extra products with them - so this hook and upsell method is a bit pointless with a single product store!

    Yes I segment men and women.

    The email campaign technology is really dependent on your list size. There is a financial balance you need to make.
    I have used everything from mailchimp through to my own servers.
     
  8. phoenix9

    phoenix9 Power Member

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    This is GOLD...

    Thanks mate!
     
  9. archieThani

    archieThani Newbie

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    Great method OP
     
  10. larshall

    larshall Newbie

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    good method
     
  11. nicholaseard

    nicholaseard Newbie

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    awesome method. thanks for share
     
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  12. summi

    summi Junior Member

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    Thanks OP For nice Share. I have one question whats the right way to promote product for such kind of audience need to have run PPE or WC (VC) or WC(PUR) which give best result so I able to collect more email.
    Thanks once again
     
  13. GringoMonkey

    GringoMonkey Supreme Member

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    It really depends on what your offering and how far along your store is. If you would like me to take a look at your store and give you my thoughts I am happy to do so.
     
  14. NdYAG5320

    NdYAG5320 Registered Member

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    I will try this and keep you posted