Interested in dropshipping? Do you still have a few burning questions about the whole idea of dropshipping? Well, hopefully, this dropshipping FAQ will give you a nudge in the right direction. Let us answer ten of the biggest questions that new dropshippers tend to have.
How profitable is dropshipping?
Dropshipping can be exceedingly profitable if you know the right way to drive traffic towards your website. As with every other online business, the success of a website will be dictated by the amount and the quality of traffic directed towards the site. The more relevant traffic looking at the site, the more money it is likely to make. So, in theory, dropshipping has unlimited profit potential. As long as traffic keeps rolling in and that traffic is making purchases, the site will be making money. Successful dropshipping stores are unlikely to make you a millionaire, but they will certainly make you more than a full-time job.
Do bear in mind that dropshipping will have lower profit margins than standard eCommerce. However, the barrier to entry will be far lower. We can't possibly tell you how much money you could feasibly make in this FAQ for a dropshipping store, simply because we do not know what products you have chosen, how competitive the market is, and how much work you are willing to put in. We can tell you in this dropshipping FAQ that the more work you put in, the more cash you will make (assuming you go for the less-competitive markets).
How do dropshipping stores gain traffic?
In the early days of the site, an eCommerce store will likely derive most of its traffic from paid advertising e.g. through social media and Google adverts. However, as time goes on, traffic may start to arrive organically through search engines. It may also arrive through recommendations from other websites (word of mouth advertising is always the best!). If you don't want to be waiting months and months for the initial purchases, you will need to use paid advertising, though.
Can you dropship to every country?
In theory, yes. However, there will be some countries that have limited options in terms of suppliers. As any FAQ for the dropshipping store will tell you, you will have a much easier time starting up an eCommerce store in a larger country like the United States than a small country like Switzerland. Don't worry, though. Due to the nature of dropshipping, you could be located in a smaller country and run your business as if you were based in a larger country. You don't get this benefit if you are running a normal eCommerce store.
What is a dropshipping fee?
Dropshipping takes a lot of work. This means that suppliers will often have an additional fee known as the 'dropshipping fee' on top of any products they need to ship out this way. This fee is something that will need to be factored into the cost of the products that you are selling. Of course, the 'dropshipping fee' does mean that products sent out like this will be more expensive than if you purchased them wholesale. However, this is fine. Since you are only paying for when the product is shipped, you don't have a ton of upfront costs.
If you read through the FAQ for dropshipping store put together by the supplier you are working with, they will likely give you a ton of advice on how much their fees are. You need all of this information upfront, otherwise, it would be tough to price your products.
Do you need a registered company if you want to work with suppliers?
If you want to work with some of the best suppliers that offer to dropship, then you will need to have a registered company. You may also require a tax ID. This allows the company to see that you are serious about running a business. If they allowed everybody to purchase from them, then there would be way too much competition. If you are located outside of the country where the supplier is based, you may need to contact them to find out what type of information you need to supply to open up an account.
In some cases, you may need to have a company registered in certain locations before you can apply for an account. Any dropshipping FAQ put together by the supplier will give you the information that you need.
What happens with customer returns?
Inevitably, there will be returns on products that you send out. How this is dealt with will be dependent on the dropshipper. You will need to read through their FAQ dropshipping to get an idea of how they process returns. There will likely be some costs involved to you which will eat into your profits. Therefore, it is in your best interest to keep customers' returns to the absolute minimum. This can be accomplished through quality images and product descriptions.
Can you list products from multiple suppliers on your website?
To make the most money from dropshipping, it is recommended that you list products from a multitude of different suppliers. This way you are not putting all of your eggs in one basket. However, do bear in mind that each supplier will have their policies about how they do things. For example; there will be different shipping costs for different suppliers. One of your jobs will be working out how to incorporate this into your website without making a loss on your product listings.
That being said, you may find a dropshipping FAQ put together by some suppliers that limit your ability to work with other suppliers. If a supplier attempts to limit who you can and can't work with, then give them a skip. This would mean they are not a legitimate supplier. The whole allure of dropshipping is to be able to work with as many suppliers as you can.
Which products are best for dropshipping?
There is no 'best' product for dropshipping. If somebody tells you that one product is great, then you can bet your bottom dollar that the market for that product is already going to be saturated. This means that it will cost you a lot of cash to start making money. The best products for dropshipping will be those which meet these criteria::
· Evergreen products e.g. non-seasonal. It wouldn't be good to dropship Halloween products, for instance.
· You understand the product. It is easier to market if you know what the product is about.
· It has people who want the product.
Honestly, the best product for dropshipping will be unique to each dropshipper. It is up to you to do your research to determine which option is right for you. You may find that some of the more popular 'dropshipping instructional' products claim to offer FAQ dropshipping suggestions, but bear in mind that a ton of other people will have been listening to these suggestions. This means that going down the route of these common options would probably not be in your best interest.
What makes a good supplier to work with?
In our opinion, the best suppliers to work with will be those who have a large selection of products, with minimal dropshipping fees. The products should be sold at an affordable price too. Remember; the closer the dropshipped price is to retail, the less money you will make. You will also have no leeway on the pricing of your products, which can make dealing with your competition difficult.
How do you price your products?
Suppliers will (generally) allow you to price your products at any price that you want. You will need to read their dropshipping FAQ to find out if there are any rules about pricing. Of course, when you are coming up with prices, you will want to ensure that you price in a way that guarantees that you will make a profit AND ensure that you are not priced drastically different from your competition. Don't just think about the cost price of the product when working out your product pricing here. Think about how much it would cost to gain a sale on that product too e.g. through advertising.
How do you get images and product descriptions for the products you are listing?
The supplier you are working with will be able to give these to you. You should not edit the images. You will likely want to rewrite the product descriptions, however. This will set you apart from the competition. It also ensures that you do not suffer a 'duplicate content' penalty in Google.
If you are working with a new supplier, then you should read the FAQ for the dropshipping store that they give you. This will give you details on how to find and download images on their website. They will also be able to tell you what you can and can't do with their images (there likely will be strict limitations on the usage of these images!)
SaleYee dropshipping platform, for example, is a great supplier option out there because it provides not only bulk data packet uploading of the products but also customized product service for those who want to be more competitive among the similar dropshipping sellers. SaleYee follows the product differentiation strategy to work with the sellers. And differentiated products can be also customized if sellers needed. Also customized pictures can be provided for the sellers to create the best selling products. Moreover, sellers can cooperate with SaleYee to develop new products by taking part in research, stocking up and making sales ahead of others.
(Frequently Asked Questions)
1. FAQ of SaleYee Dropshipping Platform
What is the meaning of dropshipping?
Dropshipping is a business model that you can use to run your store without ever holding any inventory. With SaleYee dropshipping, you need to do nothing but to select products and add them to your online store for sale. Once you’ve made a sale, we will ship your products from our overseas warehouse, straight to your customer’s doorstep. You’ll never need to worry about storing, packaging, or shipping your products.
How does SaleYee work for dropshipping?
You can start your dropshipping by following these steps:
Step 1: Sign up for free and complete your personal information on SaleYee official website.
Step 2: Download the data packet of your selected products on SaleYee website free of charge;
Step 3: Modify and optimize the downloaded information according to your requirement and add them to your own store.
Step 4: Place an order and pay for it, then we will ship your products from our overseas warehouse, straight to your customer’s doorstep.
Step 5: The shipment tracking number can be offered within 24 hours of receiving your order. It takes about 2 to 8 days for shipment.
Step 6: Thanks to the shipment from local warehouses, the after-sales service is much easier and more convenient for you.
What are the advantages of SaleYee Dropshipping Platform?
We offer professional dropshipping solutions for global sellers with 20,000 + Profitable SKU, Local US/UK Warehouses, As Fastest as 2-day delivery, Strong IT Support, and 7/24 Customer Support. Compare with other dropshipping suppliers, we provide quality and profitable products strictly selected by our own not just imported product info from other e-commerce platforms. And we have real local warehouses that support real fast delivery as your local dropshipper. For more details, please click here.
Is there any benefit for SaleYee members?
The SaleYee members will be classified into 5 levels according to their monthly sales so as to enjoy the different discounts and other benefits.
Learn more about our membership benefits>>
Do I need to pay any commission?
You don’t have to pay any commission at all. SaleYee is a platform that makes it easy to find awesome products to sell online. You only need to pay at the product price after your customer placed an order to you. Once you’ve placed an order, we will ship the products from our overseas warehouse, straight to your customer’s doorstep.
Who can I call if something goes wrong during the transaction?
If you encounter any problems on this platform, please feel free to contact the dedicated business manager assigned to you by the system during registration.
Does SaleYee platform support access to ERP?
At present, SaleYee does not support access to the third-party ERP software, but supports self-developed ERP technology API docking; major ERP in the market are already docking, and subsequent releases will be notified separately. If you have related requirements, you can feedback to your account manager.
Do You support one-click publishing of products to the store?
We’re sorry that there is No one-click publishing function at this time. However, the data packet of the products supports batch downloading. You can download the data packet in batches and then publish them with one click via the ERP software you use.
Can I upload the tracking number to my store in one click?
Yes, but you need to be authorized to synchronize the orders via the SaleYee platform. You can enable the platform authorization by going to My SaleYee> Third-party platform> Platform authorization.
2. FAQ of SaleYee Dropshipping Products
What products can I find on the SaleYee platform?
With SaleYee you can access a huge variety of different products with just a few clicks, including household and garden, sporting, beauty, musical instruments, business and industry, fashion, electronics, toys, cameras, jewelry, and watches, etc. Up to 5000 SKUs are available and up to 100 items will be added monthly. Click here to learn more.
Does SaleYee provide professional HD pictures and SEO optimized English titles & descriptions?
Yes----SaleYee has a professional product team of more than 100 staff. High-definition pictures of the products along with size, weight and description are available on SaleYee platform. In addition, all the product titles and descriptions of the product have been optimized for SEO, so feel free to use it in your online store.
Is the product at risk of infringement?
All the unbranded products on the SaleYee platform can be sold directly without the risk of infringement (except for the oil drum and Baofeng walkie-talkie banned by Amazon). As for branded products, the SaleYee platform has been authorized so you can contact your account manager for authorization.
Is the product inventory sufficient?
The products on the SaleYee platform are all analyzed by big data and stocked in overseas warehouses, which are normally sufficient for sale. But some products are so popular that they may be in shortage sometimes. In this case, you can contact your account manager about inventory management.
How to apply for the authorization to sell the brand products?
You can contact your account manager for authorization.
How to choose suitable products to sell on e-commerce platforms such as Amazon, eBay or Wish?
There is a special column called "Bestsellers by Platform" on the homepage of the SaleYee website. Click the Amazon, eBay or Wish logo to access it. Or click here to explore now.
Still have questions?
Please feel free to contact us. Our team is always happy to hear from you.
1) You may directly submit your question here.
2) You may contact us via email: support(at)SaleYee(dot)com
3) You may contact your account manager in your SaleYee account.
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