E Commerce Notes

𝐌𝐎𝐒𝐓𝐋𝐘 𝐏𝐄𝐎𝐏𝐋𝐄 𝐀𝐑𝐄 𝐂𝐎𝐍𝐅𝐔𝐒𝐄𝐃 𝐈𝐍 𝐒𝐇𝐎𝐏𝐈𝐅𝐘 𝐋𝐎𝐂𝐀𝐋 𝐎𝐑 𝐈𝐍𝐓𝐄𝐑𝐍𝐀𝐓𝐈𝐎𝐍𝐀𝐋 𝐁𝐔𝐃𝐆𝐄𝐓 𝐁𝐑𝐄𝐀𝐊 𝐃𝐎𝐖𝐍 .

𝐇𝐄𝐑𝐄 𝐈𝐒 𝐂𝐎𝐌𝐏𝐋𝐄𝐓𝐄 𝐃𝐄𝐓𝐀𝐈𝐋𝐒

Reading time: Less than 3 minutes

𝐒𝐡𝐨𝐩𝐢𝐟𝐲 𝐋𝐨𝐜𝐚𝐥 :

𝐓𝐨𝐭𝐚𝐥 𝐁𝐮𝐝𝐠𝐞𝐭 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐝 :
For Shopify local 1k-.2.5k$
(3-5 lac Pkr)

1: 𝐒𝐡𝐨𝐩𝐢𝐟𝐲 𝐬𝐭𝐨𝐫𝐞 𝐬𝐮𝐛𝐬𝐜𝐫𝐢𝐩𝐭𝐢𝐨𝐧
29$/month
(5200pkr)

2:𝐃𝐨𝐦𝐚𝐢𝐧 𝐜𝐡𝐚𝐫𝐠𝐞𝐬
10-15$/year
(2000-2500)

3:𝐓𝐡𝐞𝐦𝐞 𝐂𝐡𝐚𝐫𝐠𝐞𝐬
50-80$
(8000_12000pkr)

4:𝐏𝐫𝐨𝐝𝐮𝐜𝐭 𝐈𝐦𝐚𝐠𝐞 𝐃𝐞𝐬𝐢𝐠𝐧𝐢𝐧𝐠
𝐁𝐚𝐧𝐧𝐞𝐫𝐬 𝐝𝐞𝐬𝐢𝐠𝐧𝐢𝐧𝐠
𝐕𝐢𝐝𝐞𝐨 𝐚𝐝𝐬 𝐝𝐞𝐬𝐢𝐠𝐧𝐢𝐧𝐠
30-40$
(5000-7000pkr)

5:𝐈𝐧𝐢𝐭𝐢𝐚𝐥 𝐈𝐧𝐯𝐞𝐧𝐭𝐨𝐫𝐲
If your product price is 500
20×500=10,000 pkr
55$

In 35k pkr (200$) Your Store will b ready.

6:𝐌𝐚𝐫𝐤𝐞𝐭𝐢𝐧𝐠 𝐛𝐮𝐝𝐠𝐞𝐭:
90% Shopify Rely on Marketing

1: Facebook 100$/month
2: TikTok 100$/month
3: Influencer marketing 100$/month

7:𝐏𝐫𝐨𝐟𝐢𝐭 𝐦𝐚𝐫𝐠𝐢𝐧:
30-45%

7:𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐑𝐞𝐭𝐮𝐫𝐧 𝐭𝐢𝐦𝐞
In 6 months your Investment will B return.

Total investment in 6 months 1800$(322,000pkr)
You will Have to Spend more on Marketing When You got profit With time.
Your store will be ready in 1 month after that You can start your Marketing..

𝐒𝐡𝐨𝐩𝐢𝐟𝐲 𝐢𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥/𝐃𝐫𝐨𝐩𝐬𝐡𝐢𝐩𝐩𝐢𝐧𝐠:

𝐓𝐨𝐭𝐚𝐥 𝐁𝐮𝐝𝐠𝐞𝐭 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐝:
5k-7k$(9-12 lac Pkr)

Store designing budget Will Be Same As In Local But We Can not buy inventory in Dropshipping.

Soo in total 150$ (26k pkr) your store will be ready.

𝐌𝐚𝐫𝐤𝐞𝐭𝐢𝐧𝐠 𝐛𝐮𝐝𝐠𝐞𝐭:
In International U have To Spend more on Marketing

Facebook 500$/ month
Google 200/month
TikTok 300$/month

Everyone wanna Do Dropshipping But when They run Ads in high competition market Like USA And After 50$ of Spending in Ads which is even not testing budget They Got Confused thier question Why we Dont Getting Sales? ,Soo my advise For Those Person Be Humble, with time U will Get Sales Not In start Of Marketing And Main thing is to Test Different variation and different products soo If U Find Anny winning Ads Run Then Keep continue with it and Close All Other Campaigns.

Thank you.

HOW YOU CAN CALCULATE YOUR MONEY IN WHOLESALE FBA:

"Wholesale has a way bigger scope than any other model, we should go for wholesale."

This is what person 'A' told me.

He was right!

"Wholesale has less profit margin, I don't think we can make money out of it."

Person 'B' told me.

He was also righ

Confused?

That I am out of my mind, supporting both thoughts?

Yes, I am!

If you take the calculated risk, you'd say something similar to the person 'A', discussed above.

If you don't bother to calculate any profit for your product, the product won't bother to bring you some sales. And you'd say the same like person 'B"did!

CALCULATE YOUR RISK BEFORE INVESTING IN THE PRODUCT."

📌MAKE SURE YOUR PRODUCT IS PRICED WITHIN THE AVERAGE PRICE OF THE BUY BOX:

Whatever the current price is in the Buy Box, you have to be within the average of that price.

If your price is higher, your offer for the product may never display in the Buy Box.

📌UNDERSTAND THE PRODUCT'S FEES:

Make sure you know what fees to expect from the product. The easiest way to do this is to use Amazon’s FBA CALCULATOR.

Enter the ASIN of the product into the calculator, enter the data and review.

📌DETERMINE YOUR PROFITABILITY:

Subtract Amazon’s fees and the cost of your product from the sales price.

If you’re in the positive numbers,

then congratulations!

you’re profitable,

and on the safe side!

If you know how many products you expect to sell (if you have the stock or can estimate it), you can calculate profitability from those sales and fees, too.

📌ESTIMATE YOUR MONTHLY SALES:

Determine the product’s monthly sales estimate using the Jungle Scout Extension.

Divide that number by the number of sellers on the listing (rather, those within 2% of the Buy Box price) plus one (which will be you).

This is the average number of sales those wholesalers share on the listing.

For example:

If a product has 3,000 sales per month and there are currently 9 sellers selling the product within 2% of the sales price, the math looks like this:

3,000 / (9 + 1) = 300 sales per month.

The "1" here is you!

📌UNDERSTAND YOUR TURN RATE:

To avoid costly storage fees on Amazon, try to keep only 2-3 months of sales in stock.

For example:

For the product above, you would need 200-300 units in stock in order to cover sales between orders.

Happy Learning!

Regards,
Wholesale FBA Nerd."

Shopify Dropshipping Winning Product Research & Methods💥

When you start hunting the product make sure you have clear understanding of the factors and validating the product.

These are key points to look for when you hunt a product💯

1. Product solves a Problem for broad audience
2. Wow factor
3. Scalability
4. unique selling proposition
5. 50% Margins at least
6. not sold in other stores

It's very important to realise product hunting plays a key role in making your Shopify dropshipping store successful.

So the question is,

🌟How to Do Shopify Dropshipping Winning Product Research?🌟

✅ Facebook ad library is a great tool to see and hunt your competitors selling that same product look for active ads which they are running for at least a month, because if they are profitable that means they are making 🤑

✅ Go to Exchange market place and flippa and spy on stores with revenue of $10K - $50K

✅ Paid tools like adspy, bigspy, droppoint, peeksta

✅ Tiktok Creative centre is a great way to hunt products too

✅ Tiktok Hashtags, type these hashtags and follow accounts who use or review new products e.g:









✅ Go to shopistores it's paid but worth it, and spy stores with revenue and lot of filters

✅ AliExpress Dropshipping centre

✅ Identify and see the Google trends

✅ Amazon Best sellers list

Some important and necessary extensions for product research ✨

- Ali hunter
- Commerce Inspector
- Koala Inspector
- Alisave
- My Ad finder
- Asify
- AliExpress search by image
- Ecom Radar

I hope I added some value here

Some Important PPC­­­­­ Terms & Formulas :-
ACOS = ( Total ad spend / Total Sale(PPC)) x 100
TACOS = ( Total ad spend / Total sale(ppc+Organic ) ) x 100
ROAS = ( Sales \ Total amount spend on sale) x 100
CPC = (Amount spend / clicks)
CTR = (Impressions / clicks ) x 100
CPO = (Clicks / Orders)
CPA = (Clicks / Orders) X 100
Note: CPA should be less than Profit Margin
Happy Learning !
Regards

TikTok is a money machine

Hi everyone, I'm going to start a series of value posts/case studies in this group.

I'm going to keep it short and to the point in this post, just dropping some gold nuggets so you guys know what I'm about.

You have got to understand the platform. If your ads look like ads they are going to be skipped.

You can't make ads on TikTok the same way you would make them for Facebook ads or any other platform.

Understand the trends, understand how sounds are used.

Start with broad audiences and let the algorithm learn, then you'll get better data to work with for future audience testing

Try different conversion events, especially in the beginning to collect data. With a fresh pixel I always start with clicks or pageview.

You need a pipeline full of creatives and ad copies. Do NOT spend too much money on testing audiences. Spend that money on making your creatives and the testing of your creatives.

Use attributes that are organic to the platform. Don't use unknown fonts, voices, sounds.. I would say don't edit your creatives outside of TikTok.

Scroll through TikTok daily for 5-20 minutes. Check what's trending, don't go on the platform for fun really go on there to learn.

Don't let the algorithm know what types of videos you like, just give every video the same attention so you keep getting video's from all over the place.

You have to be active on TikTok if you want to be up to date! This is SO key.

I haven't been active in TikTok facebook groups so I don't know if this is basic information. I'd love to hear it from you guys.

I'll go more into strategies with my upcoming posts. I have some amazing case studies ready!