The Path of an Internet Entrepreneur

Sunday, 5 September 2021

9 Ways to Increase Your Ebay Dropship Store Profits and Work With Competitors

Whether you are just starting out or delving deeper into your dropshipping business, one of the things you will most likely think about is how to make the most profit at the end of the day and month.

Desiring your job is one thing, but if it comes at a good profit, you need a few good tricks to get it. That's why we prepared this article about 9 ways to increase your eBay Drop Shipping Store profits so that you can outperform your competitors and get the extra profit you deserve!

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1. Do not put all your eggs in one basket

Of course, Amazon or Ali Express is easy to work with from the start and has a variety of items. Competition, on the other hand, is fierce because most drop shippers use them. Other suppliers such as Costway, Walmart, Banggood, Homedepot, Wayfair, Costco, Overstock, and Chinabrands are some good examples where you can add more sales and profit generation to your store.

With over 20 supporting suppliers and millions of products you can sell, we are sure you will find what you are looking for. In addition, better results can be obtained by conducting product research when researching through multiple suppliers rather than just one research.

The advantage of expanding to multiple product providers is that you have more products, more storage, and better shipping time. To take it one step further, Costway and Autodesk have formed a joint venture that allows you to get up to 3% off your purchases on their platform (including UK, France, and Germany). Also, if eBay requests a Drop Shipping Agreement between you and your supplier, you can easily win it with the help of the Dropship Friendly Platform on Costway and our strong partnership.
Also, we have a complete webinar about the 5 Top Drop Shipping Providers for 2020 where we will explain everything you need to know to start working with the most affordable Amazon options.

Don't miss this powerful webinar if you have not yet seen more providers, the right policies and strategies to work from finding winning products to working.

2. Use Chinese suppliers to increase your profits

Drop-Shipping has been working with Chinese suppliers since its inception and is not going anywhere.
 The goods are fresh quickly, the factories are constantly working to meet the increasing demand and the categories and variety are endless. Prices are lower and the profit margin is higher. All of this allows us as Drop Shippers to increase the profits of our Dropship stores.

That's why we created a complete webinar about dropping from AliExpress. There, you will learn to work cheaply, efficiently, successfully, and with Aliexpress. Banggood is another great Chinese (and American) supplier that can generate huge sales and profits for you and further differentiate you from your competitors. They have over 20,0000+ products and over 800+ brands to choose from and super friendly dropshipping. Therefore, by using Chinese suppliers, you will dramatically increase your profits when dropping on eBay.

3. Coupons are a blessing

Many products have coupons that can reduce our costs and increase our profits. However, since there is no way to find only coupon items on Amazon, you should think you are lucky to be stuck on a product with a discount coupon. On the other hand, an AutoDS seeker can find and collect top selling items with discount coupons.

Not only does it save you time to look for winning products, it also helps you increase your profits by combining these products with a discount coupon. Let us now call it a state of victory. For Aliexpress Coupons, AliExpress Coupon Finder is a Chrome extension that includes products with the seller's coupon. With this useful tool, you can easily find the products you want to sell with bigger and more discounts.

4. Price Optimization Technology

Another great way to maximize your profits is to use price optimization technology. This method encourages you to sell the product at a lower price and balances your pricing to get the maximum profit for the best sellers.If the product continues to be popular and sells, the system will increase its price. Giving more profit to the products you sell more often.

The system lowers the price if the product stops selling. So you are more competitive and can resell it. You can decide whether to increase or decrease the price and by how much. Now, how tidy is it?

5. Increase profit using shipping policy

Another creative way to increase your profit is by adding a quick shipping option for as low as $ 1.99. This is in addition to the standard free shipping policy.
Keeping the free shipping policy by default is essential for eBay search engine top ratings. Make sure you work with a supplier who can deliver fast to justify fast shipping.

Whether the buyer chooses for free shipping or fast shipping, your ordering process remains the same. The only difference is that faster shipping gives more profit to the order. To add another shipping option on eBay, go to Account Settings and Business Policies. Click on "Shipping" to view your shipping policies and choose your default shipping policies.

Handling time varies according to your supplier and his terms. Make sure you are aware of the time your provider is handling (the time it takes to provide tracking information). That's it - you better go! Now, when your buyer checks in, he can choose free shipping or fast shipping. The ordering process will be similar, but if the buyer chooses the "fast shipping" option, there is an option to make a 100% profit. This allows you to maximize your droopship store profits at no extra cost.

tip of ebay

6. Using AliExpress / Banggood's Dropship Center

Some providers offer additional discounts or product analysis tools through their discount center.
For example, there is a Drop Shipping Center in Bangkok where you can sign up for free. Also, when you reach a certain limit, you get extra discounts on every purchase.

Also, if you want to take advantage of their Dropship Center discounts on the bat itself - guess what? We have covered you! We are ready for the video article on how you can, but register with Banggood's Dropship Center and get the VIP text immediately.

Their Dropship Center is here to help you with product research, but there is also a Drops Shipping Center on AliExpress. Instead of giving discounts on every order, they offer a tool to help you find the products ordered by the best sellers, the number of orders, product reviews and much more. You can search for any product in their database, product categories and / or storage locations.

Product research could not be more friendly and using the AliExpress Dropship Center is an essential tool to find products that sell and make more profit.

7. International orders with eBay GSP (Global Shipping Program)

An additional way to increase sales and profits is by activating international orders and opening your listings to audiences around the world. So, instead of shipping to the US, eBay's GSP program will open your store for international orders.

This means more traffic to your store (60 million buyers worldwide), more sales, and more profit. However, to qualify for the GSP program, keep in mind that your item location must be in the United States. Also, you should maintain a seller's rating above (or above) the standard.

Once you place an international order, send the package to Global Shipping Center on eBay, where they will send the package to your customer. You can read more about it on eBay's GSP Help Page.

8. Low prices with Lightning / Flash Deal

Who doesn’t love good bargaining when buying them? Taking advantage of flash deals is a good way to reduce prices and increase profits. Also, these deals are everywhere. You need to know where to find them in your suppliers.

For example, AliExpress has a large number of hot products with huge discounts for flash transactions. You can find discounts of up to 90% and much more. Take advantage of these discounts and sell them cheaper than your competitors to get more sales.

You can also check daily transactions on Amazon, and sometimes Flash transactions are added along with a counting schedule. These discounts are on a first-come, first-served basis, and once all discounts are received, the product will be removed from the Flash transaction and returned to normal prices. Additional flash deals can be found with different providers - for example, Bangood Flash Deals, Overstock Daily Deals, WiFire Flash Deals and much more.

Best of all, AutoDOS supports all of these providers (over 20 if we count). Thus, importing their products and taking advantage of their Flash transactions will save you a lot of time and money.

9. Send messages to your buyers

High level communication with your customers is essential for the long term success of your business. Not only do you check for unanswered messages from your customers on a daily basis, but sending follow-up messages after your customers place an order in your store goes a long way.

Usually, the message 'Thank you for purchasing from us' should arrive first after ordering. Following the tracking information, another message follows. Finally, a final message X days after sending the item, confirm that the buyer received it and was satisfied with the purchase.

These messages will show your buyers that someone is looking for them. A real business that truly cares about its customers. Thanks to this, Autodesk can send these automated messages to your buyers and save you from extra hassle.

You can edit messages, write anything you want and add prompts like buyer name, product title, store name. We encourage you to take advantage of automated messaging to get more positive feedback, get satisfied customers who want to buy again - or direct their friends and family to your store.

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In conclusion

At the end of the day, we all continue our drop shipping business and are here to make a respectable profit. And, as you can tell after reading this article, there are more than a few methods you can use to start increasing your falling profits today.

Take these nine methods and execute them one by one in your store. The results will be available soon and the numbers will start to look better at the end of the month.

We hope you enjoy this article and be sure to check out our blog on the best AliExpress shipping methods you can use to further increase your daily profits for anyone who makes a drop ship with AliExpres!

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