JamesPJ
Gag Creator
2
MONTHS
2 2 MONTHS OF SERVICE
LEVEL 1
300 XP
Hello, fellow community members. I am currently going through a difficult time, and this may be the last coin I am willing to spend to reach an confortable financial status.
In the past, I have conducted case studies on various dropshipping products that I believed could be successful, but unfortunately, I never found anything that met my expectations.
However, a few days ago, while conducting some random research, I came across something that immediately caught my attention and sparked a new plan in my mind.
After conducting further market research, I have identified a product that makes $2.5 profit per sold unit (currently i'm using the lowest possible price to attract customers, i can profit up to 6-7$/piece without any worries), while my competitors are selling the same product at 1.5-2x my price.
Here is what I have accomplished so far:
In the past, I have conducted case studies on various dropshipping products that I believed could be successful, but unfortunately, I never found anything that met my expectations.
However, a few days ago, while conducting some random research, I came across something that immediately caught my attention and sparked a new plan in my mind.
After conducting further market research, I have identified a product that makes $2.5 profit per sold unit (currently i'm using the lowest possible price to attract customers, i can profit up to 6-7$/piece without any worries), while my competitors are selling the same product at 1.5-2x my price.
Here is what I have accomplished so far:
- Purchased a domain name (I already own the hosting) and utilized pre-existing e-commerce templates/plugins to create the website.
- Designed custom banners and product pages to enhance the website's overall aesthetic appeal.
- Developed professional email templates and crafted a comprehensive privacy/return policy page to establish trust with customers.
- I have also created Excel spreadsheets to help manage pricing and ensure profitability. In addition, I have implemented a strategy to offer free shipping to customers by including the shipping cost in the item price.
- I have optimized the website to load quickly on both desktop and mobile devices. Furthermore, I have ensured that the website looks aesthetically pleasing and functions well on mobile devices.
- A gift card system where users can purchase or redeem gift cards. Additionally, I plan to host livestreams to give away gift cards to random viewers.
- An ambassador program with an admin dashboard. The program targets users who have niche Instagram/TikTok pages and offers them a referral system where they can earn up to $0.2-0.3 per sale. The admin dashboard allows ambassadors to track their clicks, sales, and redeemed users.
- A points system that enables users to earn points by making purchases or leaving reviews. These points can be redeemed for gift cards or custom coupons.
- I also plan to utilize social media platforms such as TikTok and Instagram to promote my products and engage with potential customers. Additionally, I am considering starting a YouTube channel to document and share my dropshipping journey
- SEO
- SEO
- SEO