Cost to Start, Budgeting & Financing Options
Duration: 01:09:23
More Ads, Product Feeds & Budgeting
Lesson Content
Welcome to Day 41 of the Dropified 60-Day Challenge!
Owning a retail business where you are selling products that consumers love, is a dream many entrepreneurs share. The obstacle has always been (until the inception of e-commerce) the high cost of a brick and mortar (B&M) start-up, inventory costs, storage and more.
The drop shipping order fulfillment model bypasses those financial obstacles and puts the retail small business owner in a lucrative position to sell, without the high costs of conventional retailing. Not only that, but your customers are not limited to regional foot traffic; you can sell your trending products anywhere in the world. How is that for sales potential and profitability?
There are still costs associated with starting an e-commerce business, and most of them are related to software subscriptions, content marketing and your advertising budget.
Chase and Lowell walk through some small-business-friendly finance options that can help you quickly budget for your launch and promotional expenses. In this learning session they will share some of the power-selling methods of establishing quarterly sales goals and aligning your advertising budget to reach those goals.
We would really like to know how you are progressing in the Dropified 60-Day Challenge. Don’t forget to join the Facebook group, and post a link to your shop for comments and constructive feedback from our team.
Day 41 Quiz
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Dropified® is a software application, which allows you to easily import and manage dropshipped products into your favorite e-commerce platform (like WooCommerce, Shopify and others) and then ship those products you’ve sold, directly to your customers wherever they may live on this planet – in only a few clicks… without EVER physically touching the product. You can also easily import and sell products that can be found from dozens of amazing hand picked vendors. Oh and for some of the major vendor platforms like Ebay, AliExpress, Alibaba, you even have complete automation.This help center aims to get you up to speed on eCommerce as a whole, as well as the technical aspects of utilizing a software like Dropified. Here, you won’t find all of the educational answers of topics external to the software – however, the aim is to familiarize you with topics you need to be mindful of!