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Day: May 18, 2022

6 Must-Have Tips for Creating a Successful Drop Shipping Business Plan

6 Must-Have Tips for Creating a Successful Drop Shipping Business Plan

Business
E-commerce sales in the US are growing at an average rate of 1.7% a quarter. This sector is set to keep on growing, as physical brick and mortar stores see a decline in visitors and sales. So how can you tap into this lucrative market? One way is with a drop shipping business, though it is a competitive field. To ensure your success, we give our 6 essential tips for your drop shipping business plan.  1. Pick a Niche You will be spending a lot of time with your products, so they need to be something you are passionate about. At the same time, they also have to be profitable.  These two factors can make it hard to select something to sell. Brainstorm a list of products for your drop shipping business and decide what will be the best going forward.  2. Check the Competition You ...