top ecommerce

In this video, we’ll share a realistic budget
for starting a dropshipping store.We got these numbers from successful dropshippers
who shared their startup costs with us.These dropshippers didn’t have identical
budgets, but that’s why we interviewed them.We wanted to know what new dropshippers could
do with a lot, or just a little money.By the end of today’s video you’ll have
an itemized list of startup costs, and insightsinto how much you should spend to reach your
ecommerce goals.Ready?Let’s start budgeting.______________Hi everyone it’s Jessica from Oberlo and
today we’re talking about dropshipping budgets.Before we crunch the numbers, consider hitting
subscribe.The Oberlo YouTube channel has helped a lot
of dropshippers get up and running.Subscribe and you’ll never miss a video
from us in the future.Now back to the question at hand: How much
does it cost to start a dropshipping business?Let’s be clear: There’s no right answer.Every dropshipper has different goals, and
those goals require different budgets.If you want to quit your job and live off
dropshipping, be prepared to budget big.If you just want to make $100 extra a month,
your budget can be much more modest.You’ve all got different goals, and different
plans for achieving them.Today we’ll focus on the more modest budget.That is, we’ll discuss the bare minimum
budget for getting started with dropshipping.We recommend using a budget if you want a
shot at making sales, but don’t want tobreak the bank.So what’s in the bare minimum dropshipping
budget?We’ll cover the costs line by line.The first line item: a Shopify store.1.ShopifyShopify is an ecommerce platform.With Shopify, you can build the website for
your online store and take payments from customersaround the world.It’s the most popular ecommerce platform
around, and you can start using Shopify witha 14-day free trial.But let’s be realistic, you’re not going
to make your dropshipping fortune in two weeks,so the real cost here will be the Shopify
monthly charge once your two week trial ends.That cost is $29.99 a month.All right.That’s the store covered.How about the dropshipping part of the equation?2.OberloThis is where Oberlo comes in.Oberlo is a platform that helps you find great
products to sell online, import them to yourShopify store, and set your own prices.When a customer buys your products, the supplier
ships the products directly to your customer.You never have to worry about carrying inventory,
making this a low-risk business model fornew entrepreneurs.if you’re just starting out, the good news
is: Oberlo is free!Oberlo’s forever free plan is ideal for
first-time dropshippers.It gives you all the functionality of Oberlo,
plus first-class customer service., You onlyhave to pay for Oberlo once you make over
50 sales per month.Until then, you don’t pay a dime.So Oberlo is free, which keeps our bare bones
dropshipping business budget at 29.99 a monthfor now.Now if you want to make sales, you need to
earn your customer’s trust.To do that, you need to look like other trustworthy
online businesses.And there’s one thing they all have in common:
They all have their own domain name.When you get started on Shopify, you get a
free domain that ends with dot my-shopifydot com. but we recommend getting your own
dot com domain name as it strengthens yourbrand and legitimises your business in the
eyes of your customers.You can purchase a custom domain through Shopify.It will only cost you $14 per year.Let’s add that to our budget.[blue text slide:
How much does it cost to launch a dropshippingstore?We’re almost at 50 bucks, and we’ve bagged
ourselves a slick online store with Shopify,the means to find and sell products online
– for free – with Oberlo, and a professionaldomain name.Not bad.What do we spend our money on, next?Pro dropshipper Tim Vangness has this to say:You don’t need to spend your money on custom
photos, logos, and website design.Besides, Shopify can take care of all of that
for you!With Burst, you can find and use beautiful
stock photos for free.And with Hatchful, you can create a custom
logo in minutes.I’ve left links to Burst and Hatchful in
the description below.3.Sample productsOnce you have a custom domain, the next line
item on your budget is the cost of sampleproducts.This line item is extremely important.Here’s why:Dropshipping is great because you don’t
have to stock an inventory of products.But that also means you don’t control the
quality of the products you sell, nor thedelivery times, or the packagingIt gives you the chance to investigate suppliers
and go on the customer journey yourself.If you’re happy with the shipping times,
the packaging, and the quality of the product,then chances are your customers will be too.If you’re not, you can use Oberlo to contact
the supplier with your concerns, or you cansell other products.How much you budget for this depends on the
cost of your products.But, let’s say your products costs around
$15 each, and you order samples for five products.Then you’re looking at around $75 for this
stage of setting up a dropshipping business.Let’s get back to our tally, which now looks
like this:All right.We’re looking at a startup bill of under
$120.Where do you think dropshippers spend their
startup money next?The next line item on our budget: Apps.4.AppsThink of apps like bells, whistles, and turbo-boosters
for your store.Apps can help your drive sales and run your
store more efficiently.The Shopify app store is brimming with apps,
and you can install them with the click ofa button.Some apps are free, while others charge a
monthly fee.Take a look at the following three slides.Here, I’ve outlined for you a few of the
more popular apps for dropshippers.There are links to all of these apps in the
description below.None of these apps are must-haves.But they are definitely nice to have.Like product samples, the amount of money
you spend here will depend on your store andyour goals.However, for the sake of this budget, we’ll
put aside $19 to spend on various apps.Now our budget looks like this:Our next expense is where you can splash the
cash, and make a more substantial investmentin your dropshipping business.5.MarketingIt’s the biggie called marketing.Here are some marketing words of wisdom from
Artsy Wall founder Matiss Ozerskis.Matiss suggests dedicating the lion’s share
of your startup budget into marketing.Marketing doesn’t have a specific price
tag.However, there are some assumptions that we
can use to get a better idea of what you’llneed to spend.In ecommerce, the average global conversion
rate is somewhere between 2 and 3 percent.For the sake of this calculation, let’s
put it at 2.5%.This conversion rate means that if you get
200 people to your store, you can expect fiveof them to purchase something.And how do you get 200 people to your store?Marketing.One of the biggest marketing channels for
dropshippers is Facebook.So Let’s look the cost of driving 200 visitors
to your store from Facebook.On average, the click-through rate for Facebook
ads is 0.9%.Let’s round that up to 1% to make the math
easier.That means, to get 200 people to your store,
you’ll need your ad to reach 20,000 eyeballs.According to marketing software provider AdStage,
the average cost per thousand impressionsis $12.45.Let’s round up to $12.50.Now we have an equation we can work with.The price for reaching 20,000 people on Facebook
in the USA looks like this:First we divide total impressions we want–20,000
eyeballs–by 1,000.That’s because cost per thousand impressions
is the industry norm.That leaves us with 20.Then we multiply 20 by the average cost per
impression, which is $12.50.The result: we arrive at a total cost of $250
for Facebook advertising if we want to reach20,000 people, drive 200 people to our store,
and make five sales.Let’s add that figure to our ongoing tally.Which brings our startup costs for a dropshipping
business to $387.99.Now, I know what you’re thinking: If you
spend $250 to make 5 sales, you won’t breakeven.And you’re right.But most six-figure dropshippers don’t even
expect to make 5 sales the first time theyinvest in marketing.They expect to learn what their customers
want.They expect to analyze the data to decide
which products to promote, which audiencesto promote them to, and which ads to use.Armed with that knowledge, marketing costs
go down and conversions go up.So if you want to start drop-shipping, the
question to ask yourself is: Are you readyto become a constant learner?If you’re able to invest these startup costs,
and you’re enthusiastic about investingyour time in learning how to dropship, then
dropshipping could quite literally changeyour life.Now let’s talk math.I introduced a lot of figures in this video,
and I’m happy to put them in context.Leave me a comment and let me know what you
think of this budget.Is it realistic?Too low?Too expensive?If you want to share your startup budget,
I’ll let you know what I think of it.That’s all for today, but before you go,
do me a favor.If you found this video valuable, give it
a like and hit subscribe.And until next time: learn often, market better,
and sell more.

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#EcommerceSinhala #WoocommerceSinhala #WordPressSinhala

මේ “How to Create an eCommerce Website in Sinhala” Tutorial එක මගින් ඔයාලටත් ඔයාලගේ භාණ්ඩ-සේවා අන්තර්ජාලය හරහා විකුණන හැටි ඉගන ගන්න පුළුවන්.
In this tutorial, you’ll learn how to make an eCommerce website and sell products online.

Links Mentioned
GoDaddy Link: https://bit.ly/2tiqaqv
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More WordPress Sinhala Videos
How to Make a Website in Sinhala – Step by Step Guide (2020) – https://youtu.be/z6LAvYupSBk
How to Backup WordPress Website (Sinhala) – https://youtu.be/Q-BYxNimn4Y
How to Add a Downloadable File in WordPress (Sinhala) – https://youtu.be/Ed9vZPmMVFs
Setup Your Own Business Email (Sinhala) – 2020 – https://youtu.be/nETBPdmVm88

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Create eCommerce website Sinhala
woocommerce Sinhala tutorial

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الايف 1 : ماهو ecom local و كيف يتم الربح منه (مقدمة عامة)

اشترك في قناة Open your Mind
https://goo.gl/7zN7hM

OpenYourMind
instagram ► https://www.instagram.com/OpenYM1
Facebook ► https://www.facebook.com/OpenYM1

قناة OpenyourMind هي قناة خاصة بكل ما له علاقة بالماركوتينغ و التسويق الالكتروني باللغة العربية، حيت تضم فيديوهات تعليمية لأكبر المسوقين العرب، مثل سيمولايف (خبير التسويق على منصة امازون و له تجربة كبيرة في مجال CPA)، حسام الزاوي (الشاب الجزائري الذي لا يبخل بمشاركة اي معلومة، له خبرة في مجال ادسنس اربتراج ‘الفيرال’ كما يعمل في مجال التيشرت على منصة Teespring)، بلال الضيفي (شاب مغربي يحقق ارقام جيدة في مجال التسويق الالكتروني على منصة شوبيفاي Shopify، اعتمادا على دروبشيبينغ DropShipping). الهدف من قناة OpenyourMind هو توفير المعلومة بسهولة، دون الحاجة للعودة للبث المباشر. نتمنى ان تنال اعجابكم و لا تنسوا الاشتراك.

___
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hi today's lesson is going to be anintroduction to e-commerce what ise-commerce what does ecommerce made upof whether you're extremely familiarwith it and doing e-commerce for severalyears or just looking to maybe create anonline businessthis lesson will just give you a quickinsight into what it means what is whatthings go into building an e-commercesite so we'll take a look here at thefull lifecycle of e-commerce whathappens when someone comes to your sitethey browse products browse aisles orcategories they add products to the cartthey pay for those products that onlinebusiness fulfills that order and shipsthat order on out and this can be doneas you see here through a mobile devicea desktop device through social mediachannels we'll talk a little bit aboutthose as well so first browsing andsearching for products what does thismean and how does that affect you you'regoing to want to look at your sitesearch it's a very key component mostecommerce platforms out there come witha built in site search come withmerchandising capabilities but let'stake a look at the site search this is auser comes to your site they know whatthey want and they enter that productdirectly into that site search it's oneof the most important items of an entiree-commerce website merchandising theability to merchandise your productsthis would be product displays thiswould be promotional information you'rehaving your top products shown first onproduct category pages also when yoursales running those promotions rightdirectly on the homepage to get users toclick on them that's these are ways ofmerchandising your websitecategorization which is known also asinformation architecture this is verysimilar you walk into a grocery storemaybe your meat department you have yourdeli you have your frozen foods aisleyou have your bread aisle same thinggoes for any e-commerce website breakdown your category so if the userdoesn't know what they're looking forand your messaging did not stick out tothem because they're still not surelet them browse your aisles but havingthat code that very clean categorybroken down for them is really importantwe'll have future lessons on what goesinto creating and there's a largestrategy goes into it but you do want tohave your categories or aisles brokendown so products are easy to find foryour users shopping cart this is just asyou know much like a physical storeyou're gonna grab your products andyou're gonna add them to a shopping cartexcept for here it's online or digitalthere's many shopping carts out therethat come with full built-infunctionality for shopping cartcheckouts merchandising productfulfillment all of that kind of stuffthere's a few tears here the lower endis going to be something like a Zen cartor Luca murse something that's veryquick out of the box for free or next tonothing then you're going to have otherplatforms that are monthly fee so if youare looking to get up and running soonerthan later you'll have shopifybigcommerce Volusion and you pay amonthly fee to have that hosted and allof their tools and services included inthat they start probably as low as youknow $30 a month and they go all the wayup to $1,000 a month but we'll talklater about those platforms in anotherlessonMagento this is probably the largestplatform out there I'm in terms ofcommunica munity popularity and justoverall number of businesses on thisplatform and then some of the higher-endor more enterprise level platforms areKibo Demandware and hybrids now ifyou're looking to just get startedyou're not going to even want toconsider some of these just because theprice points are in the thousands andthousands of dollars each year you knowtwenty fifty thousand dollars plus touse their platforms there's a lot thatcomes with it but in terms of startingsmall you're going to want to look atsome of the free or low monthly costplatforms now you get into your checkoutthis is one of the large parts ofe-commerce is the ability to createaccounts to see past orders updatebilling addresses and those kind ofthings also the ability to acceptpayments there's many payment processorsare out there but to connect that toyour website is one of the biggestthings as I mentioned are several thingsthat go into this but if users aren'table to pay for the products onlinethat's not goodso you'll want to look at paypalauthorize.net will have a section ongathering your requirements and to findout which one works best for you lateron shipping information now thatsomeone's purchasing something how arethey paying for shipping or how are theygetting their products this is more of abusiness decision do you want to tie itinto FedEx or UPShow are they paying for do you want topass that cost off to your customer ordo you want to absorb that cost andlower your margin again these are thingswe'll talk in later lessonsI'm tax calculation if we required tocharge a taxhow are you taxing them how is thatbuilt into that shopping cart and mostof these shopping platforms that wementioned in previous slide are going tocome with the ability to easily setthese up and then lastly orderconfirmation so when they do hit submitorder now that goes into anotherthird-party or within the platform tosay okay an order came through now youguys got to fulfill it and here's thatfulfillment process order processingonce that order comes in where does itgo do you have a manual process wheremaybe you just want an email you walk tothe the next room into the stockroom yougrab your product you put it in youpackage it slap some tape on it call upsand say hey I need to send this out slapthe shipping label on it and they comeand get itthat could be or do you want a morestreamlined process when that comes onin it goes right into a warehouse orinventory management system and ashipping label is automatically printedfor it then UPS knows to come get it andit gets shipped out all those things arepossible again we'll talk about some ofthese a little bit deeper in laterlessons RMA this would be on once theuser gets it they might find that it's awrong size or maybe they just don't wantand they want to return itallowing on the easily return it is animportant element of e-commerce and thisis something you'd want to haveintegrated to your site so that processcan easily be sent back to you and thenreturned for a very easy transaction forboth you guys and and the customer andthen lastly connecting your users as Imentioned a full lifecycle of this isallowing them to browse your aisles yoursite on multiple devices desktop mobileand have a very unique experience butall it's very easy to use for them sothey can find your products and checkout with little issues at all and thennow we've talked about other channelsnow how do we broaden our our net tocover and reach more users social mediaPinterest Facebook Instagram suchimportant ways and we'll have sectionson that as welltalk about reward programs and referralsgetting people that have purchased fromyou in the past won't get them to comeback and also to reach out to theirfamily and friends to get them topurchase and incentive Phi then emailmarketing capturing email addresses andusing that as a tool to continue to getusers to come back or people that mightbe an offense offering them some kind ofwhether it's a discount or promotion tosay hey come purchase from us and thenthere's always the paid search marketingthis is probably going to be you knowthe the pricier version of you of it butyou're paying to get users to come toyour site so once you feel that you'veconnected everything you've merchandisedit you have a great user experience youhave your social media and everythingset up then it might be worth doing apaid marketing program to now driveusers to your site and then work atconverting them so we'll go back to thisthis slide here and and talk through thefull life cycle one last time ecommerceis really that you know buying andselling of goods online so the corething the core takeaway here is findthat platform that's going to work bestfor you in one of our next lessons we'regonna talk through determining orresearching what that best platform isfor you and then we'll have othersections about each of the other areasis order order fulfillment thatexpanding your reach through socialmedia paid search and all those kind ofthingswe'll talk about all the payment side ofit but one your your next step that willbe our next lesson is to find out whatis that online shopping cart or platformthat is going to work best for youso hopefully that you have a little bitmore insight into e-commerce and the incommerce world of buying and sellingonline if you have any questions pleasereach out to us support at commercewisely calm please visit our website forcomment scammer Swasey com4more ecommerce tips and and tricks onmanaging and growing your onlinebusiness and we'll talk to you soon

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