Top 10 Mistakes Beginner Dropshippers Make (Shopify)
- December 23, 2024
- Videos
Top 10 Mistakes Beginner Dropshippers Make (Shopify) I’ll build your Shopify website FREE in the next 12 minutes.
In this video, the speaker outlines the top 10 common mistakes beginners make in dropshipping and provides actionable advice to avoid them:
- Not Checking Shipping Times: Failing to verify delivery times for different countries can result in unhappy customers and chargebacks.
- Unrealistic Goals: Dropshipping isn’t a get-rich-quick scheme; it requires time, effort, and learning.
- Starting with an Insufficient Budget: A realistic budget of $2,000–$3,000 is recommended for product testing.
- Selling Non-Problem-Solving Products: Focus on viral, problem-solving products rather than random trinkets.
- Starting with a General Store: Niche or one-product stores are easier to manage and market effectively.
- Selling Copyrighted or Trademarked Products: Avoid products tied to intellectual property to prevent legal and platform issues.
- Not Tracking Profits Accurately: Use apps like Lifetimely to monitor real-time profit margins.
- Not Using Credit Cards for Ad Spend: Leverage rewards credit cards to gain cashback and perks.
- Not Setting Up a Legal Business Entity: Consider transitioning to an S-Corp or consulting a CPA for tax efficiency.
- Neglecting Proper Bookkeeping and Taxes: Use tools like QuickBooks to stay organized and consult a tax professional.
The speaker emphasizes that avoiding these mistakes can significantly improve the chances of building a successful dropshipping business. He concludes by encouraging viewers to like, subscribe, and engage with additional resources for further learning.
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