New to dropshipping - What is the best way to maintain high profit margins?

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catto88
Posts: 5
Joined: 09 Aug 11
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15 Aug 11 07:28:09 am
hi, i am new to this and i am looking for some help and advice regarding respectable dropshippers in the uk and the best ways to maintain high profit margins?

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richelle_salehoo
Posts: 5226
Joined: 20 Oct 08
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16 Aug 11 12:03:52 am
Hi catto88,

Welcome to SaleHoo!

Here are a number of links with UK based dropshippers and those that will readily ship to the UK -

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Generally, your profit margin won't be as high when you use dropshippers compared to when you source your products directly from a wholesaler. The following guides should help you make the best out of dropshipping -

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Hope this helps, please let us know if we can help you with anything else.

Cheers :)


Richelle

Customer Support Manager
SaleHoo Group Limited
Sell more with your own professionally designed and search optimized e-commerce website. Check out Link hidden: Login to view now!
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irene_salehoo
Posts: 2578
Joined: 21 Mar 10
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16 Aug 11 03:59:18 am
Hi cato88,

Richelle is right, you can only make higher profit margins if you source your products in large quantities, and then handle the shipping process yourself. With drop shipping, though, you can easily perform your market research and identify items that sell steadily, which are in demand and then you can decide on a niche.

It will help if you communicate with your chosen drop shippers and seek their advice on sourcing their products at a better value. Suppliers differ, but there are some who may be willing to let you buy in volume, keep the stock for you and deliver as your orders come in. This assures them of a good minimum order from you and pricing will be much better than single item drop shipping. :)

We wish you the best. :)


Irene
Free Member
catto88
Posts: 5
Joined: 09 Aug 11
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16 Aug 11 03:49:49 pm
thanks richelle and irene,

the links have helped me gather some more info, cheers. i am still trying to find that "magic product" or the perfect dropship company. thankyou for the advice, if you have anymore info regarding good products for a beginer looking to groce some initial capital would be good to hear thanks.

john catto

Site Admin
richelle_salehoo
Posts: 5226
Joined: 20 Oct 08
Karma: 
16 Aug 11 11:38:21 pm
On behalf of Irene, you're welcome catto88 :) We are always happy to help out our members!

As a beginner you might also want to explore your market by selling a few things from around you home, you know like an old sweater in the back of your closet or a pretty little black dress that doesn't fit anymore.

Selling things from around your home is a great way to find niche markets and hot products, with little to no investment/risk since you would be basically paying for the listing fees and not the item itself.

There are two excellent reasons for starting out in this way:

(1) If you are selling on eBay or other auction sites feedback is a key thing and are hugely important for most buyers and sellers too.

(2) You also get to sell a range of products with no capital needed and get to see what works well. The results may surprise you!

Nothing beats knowledge gained from experience and selling stuff from around the home is the best way to get it without any risk.

Some product ideas that may do good in the market are:

* Clothing: accessories, plus sizes, maternity, night wear.
* Kitchen: recipes, knife sets, toasters, microwaves
* Beauty: sunscreen, insect repellent, cosmetic & toiletry bags, men's grooming
* Homewares: towels, sheets, rugs, throws, cushions, vases, mirrors
* Special occasion: wedding supplies, party supplies, mother-of-the bride outfits, bridal shoes, birthday cards
* Garden : lawn mowers, gardening tool sets, composter
* Hobbies and Interests

Other places to find hot items:

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You can also follow us on Twitter! We regularly post hot new markets on our Twitter stream - follow us by going to Link hidden: Login to view

Hope this helps you off to a good start! And if you need any more help please feel to contact us.

All the best :)


Richelle

Customer Support Manager
SaleHoo Group Limited
Sell more with your own professionally designed and search optimized e-commerce website. Check out Link hidden: Login to view now!
Site Admin
irene_salehoo
Posts: 2578
Joined: 21 Mar 10
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18 Aug 11 04:29:54 am
And I suggest that if you are planning to sell within UK, is to use UK based dropshippers, just to put overseas shipping out of the equation, and make your initial dropshipping experience less complicated. :)

From our directory, here are UK based drop shippers who have earned good reviews -
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Cheers! :)


Irene

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