Financial independence used to be a concept in the past. Now it is not. People plan to retire from their job with not just the 401(k) plan but with something of their own that keeps on growing – their own business. And in this digital era, what could be better than your own eCommerce site.
But running an eCommerce is a lot of work? What is the easy way out?
If you’re also thinking this, welcome to the subject of dropshipping business using WooCommerce! Many people instantly think of Shopify when they hear the word dropshipping but the hosted platform, Shopify, made it easy for the technical requirement and provided a lot of information about dropshipping. However, this is one concept that’ll help you get extra income and even help you grow after you quit your job, that if you want!
So, let’s start with what is Dropshipping.
Instead of you, as a business owner, buying stocks and managing inventories, you create a connection with some manufacturer or whole seller. Then you promote their products.
After you get the sales order for the products that you are promoting, you buy those products from the manufacturer or whole seller (whoever is your supplier), and send them the billing address of the customer who purchased from you to deliver the products.
If you want to learn more about how to work for your financial independence with dropshipping success, then you can subscribe to one of the Dropshipping course or take a bit difficult path to learning by doing.
Some of the big names in Dropshiping that you should know.
If you start your site with Shopify, you can use apps like Oberlo or Dropified. But, you know that the least payment for Shopify is $19 excluding the app charges. So, we’re happy with the WordPress and WooCommerce.
Luckily, in the word of WordPress plugins, we can also find those that’ll help you create your dropshiping business. Two of the popular names for dropshipping with WordPress site are
AliDropship Plugin: This plugin connects you with the manufacturers who are selling their products in bulk through the Ali site. You can request for a completely ready for business site or just the WooCommerce AliDropship plugin to install in your existing site.
Spocket Plugin: This plugin connects you with the manufacturers who are selling their products in order to quickly deliver them to the European customers.
Dropshipping may not be as easy as it seems at first but again, that what doesn’t challenge you only makes you dull.
How do you analyze what’s working and what’s not?
When you are in the dropshipping business, you need to keep an bird eye view on everything, from your visitors to your suppliers. Any loop holes in your product sourcing to advertising and promotion efforts can take you back to where you started.
So, if it is your one shot goal then it is a wise decision to follow some dropshipping guru or take up a dropshipping course. However, you can pick up some great insights by using WP FootPrint Plugin for your WooCommerce dropshipping business to get a perspective on the performance report.
Your Top Dropshipping Products
How do you identify which products are good for your dropshipping and which are just gobbling up your advertisement budget and attention? You can easily find that in the WP FootPrint dashboard. You can see the top products that are generating sales revenue for your dropshipping. These are your top dropshipping products.
Next in line to claim the title of your top dropshipping products are those which have a lot of visits but aren’t being able to generate much sales for you. You can simply implement appropriate exit-intent pop-up using the Visit Message Plugin. If everything else is right, it’ll work like a charm to increase your sales revenue.
Top Customers for your Dropshipping Business
Wouldn’t it be a shame if you weren’t able to retain your high valued customers because You Weren’t Able to Identify Them? Most of the eCommerce sites are in profit because they have repeat customers. They have their up-sell and cross-sell strategies implemented correctly.
WP FootPrint will help you identify your registered customers who regularly purchase from you. It’ll also give you your WooCommerce product reports that your regular customers purchase. So you can work on your up-sell and cross-sell strategies with more confidence by using the Shopping History Plugin.
Comparative Revenue Reports to Set Right Targets
Quantifiable data is what gives direction to any business. If you don’t have the comparative data about your customers’ purchases for the previous period then how will you set target for the coming times? Likewise, you need to measure the returns of the promotion activities and efforts and then set the right targets to grow your dropshipping business by implementing the right strategies. For that you can comfortably use the WooCommerce Sales Insights data provided by WP FootPrint plugin.
With the tips provided here, if you carefully plan your strategies based on the WooCommerce reports from WP FootPrint Plugin and Dropshipping guides, you will definitely be able to grow your dropshipping business to increase your revenue.